Industry Job Bank

  • Make an impact and join the opportunity finance field.

The track record of today’s opportunity finance industry is impressive. All financing directly benefits low-income and low-wealth people to increase access to homeownership opportunities, affordable rental housing, thriving small businesses, and critical services such as childcare, healthcare, and education.

Do you want to develop innovative strategies? Combine your business acumen with an unwavering dedication to making a difference in people’s lives? Change the rules of financing? Make your impact and join the opportunity finance field.

To submit a job listing, please use our online form. To edit or remove a posting please contact info@ofn.org.

If you are looking for internships please visit our CDFI Industry Internship Bank.

Leave blank for all. Otherwise, the first selected term will be the default instead of "Any".
Leave blank for all. Otherwise, the first selected term will be the default instead of "Any".

Office & Communications Coordinator Pacific Community Ventures
San Francisco, CA
Job Function: Administrative/Operations/IT
Posted: May 15, 2017

Background:

Pacific Community Ventures engages small businesses, investors and policymakers to build an economy that works for everyone. For almost two decades, our programs have helped people achieve the American Dream by creating quality jobs and stimulating investment in local economies.

Our approach is unique. We offer Small Business Advising & Lending programs which connect entrepreneurs to the expertise and capital they need to grow their businesses and create good jobs.  Our InSight Impact Advisory practice conducts research and evaluation so that investors and policy-makers will drive more capital to social good.  Our approaches are scalable and create systemic change — yet are implemented in ways that are relevant to particular local economies — a truly “think globally/act locally” philosophy.

Position Summary:

We’re seeking an Office & Communications Coordinator to play three critical roles within our nonprofit social enterprise:

  • Coordinate key activities needed for the office to run effectively
  • Manage external communications and scheduling for the President & CEO
  • Support Marketing team via communications, social media, and website updates

We’re a dynamic, growing nonprofit social enterprise and we need an energetic go-getter who can take on multiple roles. This is a unique opportunity to build experience within the social impact sector, while getting the opportunity to work closely with both the CEO and the heads of Marketing and Finance / Operations.

Responsibilities:

Coordinate key activities needed for the office to run effectively (30%)

  • Manage the day to day activities of the office
  • Coordinate IT support
  • Prepare materials for and plan internal and off-site meetings, including Board of Directors’ meetings
  • Support finance team

Manage external communications and scheduling for the CEO (40%)

  • Proactively manage the CEO’s calendar including scheduling meetings, prioritizing appointments, identifying and solving conflicts, and arranging travel
  • Manage correspondence with external partners, funders, and board members on behalf of the CEO
  • Manage Salesforce to ensure contact lists are always accurate and up to date
  • Assist in creating presentations and other communications

Support Marketing via communications, social media and website updates (30%)

  • Manage our social media channels, social media calendar, and write and post daily updates
  • Write and publish weekly program success stories
  • Write and publish calendar events, job listings, and other posts to our website as needed

Requirements:

  • Highly motivated self-starter, exceptionally well organized and detail-oriented, able to juggle many activities with grace and good humor
  • An outstanding writer
  • Excellent Microsoft Office skills; experience with Salesforce preferred
  • Bachelor’s degree preferred
  • 2 years professional experience (including internships)
  • We are especially interested in candidates who have direct experience with the historically underserved communities we serve

We aim to be a diverse and inclusive place to work. We value new perspectives, original ideas ,and different ways of working. We believe that diverse views and experiences improve the way we do our work. PCV is an equal opportunity employer; applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law.

Compensation:

We provide excellent benefits for full-time employees, including full health, dental and vision insurance, retirement savings accounts with a generous match which is fully vested immediately and ample paid time off and holidays.

How to Apply:

Interested candidates should send a résumé and cover letter via e-mail to hr@pcvmail.org with the words “Office Coordinator” in the subject line. No phone calls, please.

Senior Accountant Working Solutions
San Francisco, CA
Job Function: Accounting
Posted: May 11, 2017

Background:

Working Solutions is a Community Development Financial Institution (CDFI) whose mission is to provide microentrepreneurs with the access to capital and resources they need to start or grow a successful business. We serve a diverse population, but prioritize serving low-income individuals, women, and minorities. We support microenterprise growth as a strategy to strengthen the local economy, create jobs, and build strong communities. We provide capital in the form of small business loans (microloans) from $5,000 up to $50,000 and grants, and tailored consulting services. The organization was established in 1999 and launched its microenterprise development program in 2005. Since 2005, Working Solutions has extended close to $11 million in microloans and grants to entrepreneurs with a 96% repayment rate and has educated thousands of entrepreneurs.

Position Summary:

The Senior Accountant is responsible for oversight of Accounting and Finance functions, management of contracts and vendor relations, and spearheading strategic projects which increase organization efficiencies. As such this position ensures the organization remains compliant with partner banks, government entities, and other funders through thorough checks and balances processes, and by tracking and reporting financials.

Responsibilities:

  • Manage the operations of bank accounting, review journal entries, reconciliations and analytics
  • Assist in the preparation and presentation of monthly and quarterly financial information. Participate in monthly close ensuring monthly financial statements are issued on time. 
  • Assist in production of finance and accounting department information and reports to ensure relevant and accurate information needed by management, regulatory agencies, independent auditors and other interested parties is available on a timely basis
  • Work with Management to perform research, resolve issues, and create and implement policies and procedures for new strategic initiatives. Help to ensure accounting issues are properly documented and addressed, and reporting of the initiatives is accurate and efficient.
  • Ensure accounting practices and documentation procedures are performed in accordance with corporate accounting and governance policies and procedures
  • Maintain the general ledger, including assisting with the reconciliation of all general ledger accounts, ensuring accuracy and timeliness
  • Identify process improvement opportunities and implement automation tools

 

Requirements:

  • Bachelor's degree in Accounting or Finance from four-year college or university;
  • Minimum 5 years of relevant experience, including some experience in a banking environment;
  • 3-5 years in experience in public accounting, corporate, bank/financial service firm.
  • Experience with QuickBooks and strong Excel skills required;
  • Organized, disciplined thinker with ability to work independently in fast paced, rapidly changing environment;
  • Ability to handle all levels of work, both complex and repetitive tasks;
  • Excellent time management and project management skills; must be able to track and manage details for projects/tasks, and prioritize against daily responsibilities;
  • Excellent attention to detail without compromising deadlines;
  • Strong people and communication skills are essential.  Must interact productively with many different types of personalities and work levels;
  • Excellent phone etiquette and customer service skills;
  • Strong written communications and email etiquette skills;

 

Compensation:

Salary Commensurate with Experience 

How to Apply:

Please email resume and cover letter with the subject line “Working Solutions Senior Accountant” to jenelle@workingsolutions.org.

Commercial Lending Underwriter Self-Help
Chicago, IL
Job Function: Lending/Loan Operations
Posted: May 11, 2017

Background:

Self-Help is a leading national community development financial institution (CDFI) that has provided over $6.9 billion in financing to 112,000 families, individuals and businesses under served by traditional financial institutions. It helps drive economic development and strengthen communities by financing hundreds of home buyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools and residential and commercial real estate projects. The Self-Help family of non-profit organizations includes North Carolina's Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending, a national policy and advocacy organization addressing abusive lending practices.

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status, ancestry, nationality, family status or sexual orientation.  We encourage all candidates with the necessary skills and experience to apply for this role.

Position Summary:

Title: Commercial Lending Underwriter
Location: Durham, NC (Preferred), Chicago, IL, Oakland, CA (Possible)
Country: United States
Job type: Full-time

 

Responsibilities:

Like teamwork, collaboration and the art of the transaction while also making an impact in the community? Come work with our Commercial Loan Officers to structure and underwrite commercial real estate, health food systems, charter school, alternative energy and other economic development related loans greater than $250,000.  Critical to this role is the ability to assess the risk of commercial loans and help loan officers structure credit proposals for your and credit committee approvals based on a complete analysis and the quality of the due diligence presented.

Requirements:

We are looking for an individual with a demonstrated set of strong quantitative skills and an ability to provide critical risk assessment with a system thinking approach as well as solid interpersonal and written communications skills. A four year college degree (or equivalent related experience) and 2 to 3 years of experience in lending, finance or community development required.

Compensation:

We offer a casual work environment, a comprehensive benefits package and a matching 403b plan. 

How to Apply:

To apply, please send your resume and a cover letter explaining why you are a good fit for the position to hiringmanager@self-help.org. Reference the job title in the subject line.

Bilingual Member Services Representative Self-Help
Kinston, NC
Job Function: Financial Services
Posted: May 11, 2017

Background:

Self-Help is a leading national community development financial institution (CDFI) headquartered in Durham, NC. Founded in 1980, Self-Help has provided $7 billion in financing to 131,000 families, individuals and businesses underserved by traditional financial institutions. It helps drive economic development and strengthen communities by financing hundreds of homebuyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools, and residential and commercial real estate projects. The Self-Help family of non-profit organizations includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending, a national policy and advocacy organization addressing abusive lending practices. Through its credit union network, Self-Help serves 129,000 people in North Carolina, California, Chicago and Florida and offers a full range of financial products and services.

Learn more at www.self-help.org, www.self-helpfcu.org and www.responsiblelending.org

Position Summary:

The Bilingual Member Services Representative will serve as a liaison between the member and the credit union, provide account information by phone or in person, as well as information on the full range of credit union products and services, open accounts for members, resolve issues, and professionally handle the member’s daily needs, and provide a variety of transactional services to members.

Responsibilities:

MEMBER SERVICING

  • Greet and welcome members and visitors to the credit union in a friendly and professional manner. Provide prompt, efficient and accurate service in the processing of transactions.
  • Perform account transactions and maintenance as authorized, including processing share deposit payments, loan payments, CD transactions, lines of credit advances, and account transfers; disbursing cash and check withdrawals; monitoring receipts, counting cash and performing reconciliations; adding joint owners, completing address changes and competing any other necessary teller functions.
  • Provide general and specific service-related information concerning credit union services or policies in-person or by-telephone.
  • May respond to email or other electronic requests submitted by members providing professional prompt, efficient, and accurate service and information.
  • Respond to members’ requests, problems, and complaints and/or direct them to the appropriate person for specific information and assistance.
  • Promote credit union products and services based on member’s needs.
  • May open new accounts, and service existing accounts. Set up new account files, and provide members with all necessary information for membership, including advising and assisting members with new and existing products and services.
  • Refer loan product inquiries to Loan Officer.
  • Process manual payrolls. 
  • May be required to work the call center, periodically handling transactions and responding to member inquiries by phone. 
  • Provide information on deposit alternatives to members wishing to place funds with the credit union.
  • Serve as back-up to MSR II for opening and closing member accounts.  

CASH HANDLING AND BALANCING

  • Open, close and balance cash drawer daily. Maintain drawer cash levels within prescribed amounts.
  • Enter night, ATM and mail deposits. 

OTHER

  • Process member mail transactions.
  • Mail receipts and checks to members as indicated by policy and procedure.
  • Research accounts for deposit, withdrawal, and loan-payment discrepancies.
  • Assist members in balancing their accounts.
  • Assist members with the proper completion of payroll deduction and direct deposit cards.
  • Other duties, responsibilities, and projects as assigned.
  • All job duties, responsibilities and projects to be performed in accordance with credit union policies and procedures.

Requirements:

  • High school diploma or equivalent and 1 to 2 years of experience in banking or retail. 
  • Attention to detail.
  • Ability to effectively organize and prioritize work.
  • Excellent interpersonal skills.
  • Ability to form and maintain strong relationships with internal and external customers.
  • Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
  • Knowledge of basic economic and accounting principles and practices, the financial markets and banking.
  • Analytical and problem solving skills.
  • Ability to use keyboard and data entry skills.  
  • May be required to travel to cover other branches.
  • English/Spanish fluency. 

 

Compensation:

Competitive nonprofit salary, based on experience.

How to Apply:

To apply, send resume and cover letter, describing why you are a fit for this position, to hiringmanager@self-help.org. Please include the position title as the subject.The position will remain posted until filled.

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status, ancestry, nationality, family status or sexual orientation.

Commercial Lending Underwriter Self-Help
Durham, NC
Job Function: Lending/Loan Operations
Posted: May 8, 2017

Background:

Self-Help is a leading national community development financial institution (CDFI) that has provided over $6.9 billion in financing to 112,000 families, individuals and businesses under served by traditional financial institutions. It helps drive economic development and strengthen communities by financing hundreds of home buyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools and residential and commercial real estate projects. The Self-Help family of non-profit organizations includes North Carolina's Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending, a national policy and advocacy organization addressing abusive lending practices.

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status, ancestry, nationality, family status or sexual orientation.  We encourage all candidates with the necessary skills and experience to apply for this role.

 

Position Summary:

Title: Commercial Lending Underwriter
Location: Durham, NC (Preferred), Chicago, IL, Oakland, CA (Possible)
Country: United States
Job type: Full-time

Like teamwork, collaboration and the art of the transaction while also making an impact in the community? Come work with our Commercial Loan Officers to structure and underwrite commercial real estate, health food systems, charter school, alternative energy and other economic development related loans greater than $250,000.  Critical to this role is the ability to assess the risk of commercial loans and help loan officers structure credit proposals for your and credit committee approvals based on a complete analysis and the quality of the due diligence presented.

Responsibilities:

We are looking for an individual with a demonstrated set of strong quantitative skills and an ability to provide critical risk assessment with a system thinking approach as well as solid interpersonal and written communications skills.

Requirements:

A four year college degree (or equivalent related experience) and 2 to 3 years of experience in lending, finance or community development required.

Compensation:

We offer a casual work environment, a comprehensive benefits package and a matching 403b plan.

How to Apply:

To apply, please send your resume and a cover letter explaining why you are a good fit for the position to hiringmanager@self-help.org.

Reference the job title in the subject line.

Loan Processing Officer Chicago Community Loan Fund
Chicago, IL
Job Function: Lending/Loan Operations
Posted: May 8, 2017

Background:

Mission

The mission of the Chicago Community Loan Fund is to provide flexible, affordable and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low- to moderate-income neighborhoods, families and individuals throughout metropolitan Chicago.

CCLF was founded in 1991 by a group of visionary social-investment advocates. Their aim was to create a nimble, flexible nonprofit lender who would fill the community development credit gaps as they emerged across the city and region. In particular, CCLF was created to ensure that Chicagoland community developers (including small and emerging groups) would have a lender to turn to for harder-to-underwrite projects and enterprises.

How it Works

Individual and institutional investors concerned about the social dividend of their investments place funds in CCLF at or below market-rate, creating a pool of loan capital dedicated to improving the lives of people in disinvested communities. CCLF, in turn, re-lends this capital at a rate close to or at prime to finance community organizations’ development projects.

Investment Management

CCLF manages our investors’ capital according to stringent guidelines established by the Opportunity Finance Network, the leading network of community development financial institutions. Security is provided by the pooled risk that a fund provides, loan loss reserves, permanent equity and subordinated debt investments.

CCLF is a federally certified community development financial institution (CDFI) and is rated by AERIS™, the CDFI Assessment and Rating System, a comprehensive, third-party analysis that provides guidance to investors and donors.

Position Summary:

The Loan Closing Officer coordinates, monitors, and facilitates loan closings. The position supports the work of the Lending and Portfolio Management Teams. The position involves direct contact with our service agencies as well as borrowers and clients.

 

Responsibilities:

  • Manage all aspects of the loan closing process
  • Assist with coordinating transitions between the loan origination and underwriting, approval and commitment, closing and loan activation
  • Review credit files prepared by lenders, loan committee approvals and meeting minutes, and other related documents in preparation for closing, checking for file completeness and approval condition requirements
  • Assist lenders in the preparation of commitment documentation
  • Prepare requests for CCLF legal representation and obtain proper retainer acknowledgements
  • Schedule loan closing dates in coordination with all involved parties while maintaining communication between CCLF staff, borrowers, attorneys and third-party vendors
  • Prepare closing packages, including checklist, and disbursement request and funding directions
  • Ensure that all required documents are obtained pre- and post-closing and appropriately filed and maintained for safekeeping by CCLF
  • Audits the loan account set-up in the portfolio management software system (coordinate with the lender to assure that the credit file is complete prior to loan activation)
  • Process the collections and payment of fees to CCLF and vendors as required post-closing
  • Coordinate and oversee the preparation of loan documentation for staff level credit approvals made without legal counsel
  • Assist with the ongoing monitoring and management of loan collateral and security, including insurance coverage, bi-annual real estate tax payments, UCC filings, deposit account verifications, etc.
  • Other tasks as needed and assigned

 

Requirements:

The Loan Closing Officer will possess the following qualifications: 
    

  • 3-5 years previous experience in lending, real estate closing and/or community development finance environment(s)
  • Superior attention to detail and accuracy
  • Outstanding oral and written communications skills
  • Strong qualitative analytical skills and quantitative ability
  • Proficiency with Microsoft suite, including Access or other database software
  • Ability to organize and handle multiple priorities simultaneously
  • Ability to set, manage, monitor and achieve completion of project and closing deadlines
  • Demonstrated creativity and independence with regard to project management and problem-solving abilities
  • Strong critical thinking and decision making skills
  • Ability to work effectively in a highly collaborative team work environment
  • Ability to effectively train and assist other staff members
  • Solid working knowledge of general business practices
  • Professional attitude and presentation
  • Knowledge of the CDFI industry

Minimum educational requirement: Bachelors degree in business, real estate or a related field.  Paralegal training is highly desired, but not required.

 

Compensation:

  1. Hourly salary includes 15 days (i.e., 3 weeks) paid vacation per annum, prorated in the first year
  2. Health coverage and life insurance - the employee premium is covered at 100%, less $1.00 annually.  Additional coverage to cover spouse and/or dependents is paid by the employee. Blue Cross/Blue Shield Advantage provides HMO or PPO. 
  3. $1500 for training is estimated.  Training may include, but are not limited to, CCLF internal and PRW sessions; external workshops/conferences; and external investor or vendor training opportunities.
  4. Employee-funded retirement plan, 403(b), is available immediately upon employment start.
  5. Employer-funded SEP retirement contributions start post first year @ 6% of earned base salary as long as the company has adequate resources.  This benefit is not guaranteed.
  6. Life insurance policy valued at $100,000 commences @ 30 days post start.
  7. Company paid holidays: up to ten (10) per annum.
  8. Company paid personal days, three (3), prorated the first year 
  9. Company paid rapid transit cards are available: approximately $1,200 per year.

 

How to Apply:

Please send resume and salary history to jobs@cclfchicago.org

Director Real Estate Development Building Hope
Washington, DC
Job Function: Project Management
Posted: May 7, 2017

Background:

Building Hope, established in 2003, is a national non-profit organization headquartered in Washington, DC that believes investments in the growth of quality charter schools will increase under-served children’s chances of success in life. 

Building Hope partners with individual and institutional investors, and philanthropic and government organizations to provide facilities financing, charter school facility development, incubator space, back-office business services and financial advisory services to charter schools nationwide.

Position Summary:

Building Hope seeks a Director, Real Estate Development who will assist senior real estate development staff with day-to-day management of development projects. These responsibilities include support with acquisition, pre-development, pre-construction, construction, closeout and pre-operation phases. 

This position will be based in either Florida, Idaho or Washington, D.C. and will report to the Vice President of Real Estate Development.

Responsibilities:

  • Assist in the management of development projects including the oversight of architects, project contractors and consultants
  • Work with Investment teams to provide due diligence information and feasibility analysis of potential acquisitions and development projects
  • Research markets and investigate properties and coordinate site search in partnership with the local brokerage community 
  • Assist in negotiating and drafting contract terms and scope with design consultants and contractors
  • Maintain project timelines and ensure milestones are met on time and within budget
  • Provide project status reports to senior Development staff, Investments teams and other stakeholders
  • Prepare and track development budget and contractor pay applications related to assigned projects
  • Assist senior Development staff in securing the appropriate approvals, certifications, permits, etc. from city and other government agencies as required
  • Manage and share project documents including, but not limited to, discretionary and non-discretionary approvals, covenants, construction documents, contracts/change orders and closeout documentation
  • Attend project meetings with architect and contractor

 

Requirements:

  • Demonstrated knowledge of real estate development and construction process.
  • Strong project management skills and attention to detail.
  • Strong critical thinking and problem solving ability.
  • Exceptional written and verbal communication skills; Ability to produce and deliver effective presentations.
  • Excellent quantitative and budgeting skills

 

Compensation:

Salary commensurate with experience. Building Hope offers a competitive benefits package which includes: paid holidays, vacation and sick leave; 100% subsidized medical, dental, and vision coverage; tax deferred retirement with a company match of up to 6% annually; life insurance/AD&D; and short and long-term disability.

How to Apply:

Qualified candidates please submit your resume to: info@bhope.org 

Building Hope is an Equal Opportunity Employer

Loan Associate IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: May 4, 2017

Background:

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. 

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Position Summary:

Responsible for supporting the loan origination process by analyzing applicant financial, project and management capacity and preparing loan recommendations.  Work closely with lenders across all IFF sectors and regions on loan opportunities to determine long-term fit with IFF mission and credit requirements. Manages and maintains database information with responsibility for data integrity.

Responsibilities:

  1. Support the underwriting of loan opportunities.
    • `Work directly with originations team lenders and potential borrowers to fully assess the applicant, project and financing request.
    • Spread applicant’s financials and provide historical analysis of applicant’s financial strengths and weakness in order to assess capacity for new debt.
    • Compare liquidity, profitability, and credit histories of organization being evaluated with similar organizations within industry environment to determine risk relative to sector.
    • Input relevant information into loan evaluations and summaries.
    • Analyze borrower budget and projections to assess and stress test debt service capacity.
    • Assist lender with write-up and presenting at loan committee.
    • Provide an assessment of the collateral and contribution to risk mitigation.
    • Complete a risk rating of the proposed borrower(s).
  2. Build and maintain complete records in CRM from inquiry through loan approval.
    • Ensure CRM records are completed to track status of loans as they move from application to commitment stage including key data on source of loan, date of inquiry and other process points.
    • Ensure a complete record in CRM on the account including key contacts, project information and impact data.
  3. Support the Closing and Portfolio Management team in closing approved loans and handing off complete files for post close monitoring.
    • Coordinate as needed obtaining information necessary to close loans.
    • Ensure that Portfolio Management team receives all relevant information for post-close relationship management and that files are complete.
  4. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.
  5. Perform other projects as assigned.

Performance Measures: 

  1. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications. 
  2. Timeliness, accuracy and completeness of work. 
  3. Solutions to identified issues and challenges relating to loan program implementation.
  4. Timely, accurate and comprehensive analyses and reporting.

Requirements:

Education: Bachelor’s Degree required, preferably in business, accounting or finance.

Previous Experience: At least five years of experience in the areas of accounting, financial analysis, or credit for commercial, industrial and nonprofit organizations.  Ability to perform financial statement analysis including spreading financial statements and assessing cash flow metrics.  Experience with commercial real estate or community development collateral and lending a plus.

Special Knowledge & Skills:

  1. Analytical and business writing skills required to determine credit risk and to prepare credit presentations.
  2. Proficiency in Microsoft Excel.
  3. Demonstrated interest in nonprofit sector.

Unusual Requirements: Occasional evening and weekend work.

Compensation:

Based on experience.

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with “Loan Associate” in the subject line.

IFF is an equal opportunity employer.

Managing Director of Lending IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: May 4, 2017

Background:

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. 

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Position Summary:

Provides leadership and management of loan origination programs and staff. Work with SVP Capital Solutions and Lending staff across Midwest region to develop products and programs and to execute on business development and loan production activities.  Responsible for setting lending and program goals and supporting the sourcing, approval and closing of loans to target market borrowers. Develops and maintains visibility and relationships with nonprofits and relevant government, association networks, and others stakeholders to promote IFF.

Responsibilities:

  1. Provides leadership and management of the loan origination programs and staff to set and meet IFF’s lending business goals.
    • Working with Regional Executive Directors, hire, train, and support marketplace and sector Lenders to target, source, evaluate and approve new business opportunities.
    • Manage lending staff across Midwest region with expectation for regular travel to best mentor staff.
    • In coordination with lending staff, develop and maintain a pipeline of business to support lending goals and program commitments.
    • Guide Lenders in the prescreening, underwriting structuring and presentation of loans to loan approval committees.
    • Work with Regional Executive Directors and Lenders on programs, products and new lending initiatives to ensure effective marketplace execution and high level of customer satisfaction.
    • Develop relationships as appropriate with significant existing and potential borrowers to develop market knowledge and promote IFF’s programs.
    • Work with Managing Director Portfolio Management to ensure successful customer relationships and coordinated communications.
  2. Develops new lending programs and products to expand IFF’s capital investment opportunities and capacity.
    • Work closely with Regional Managers and Lenders to identify and explore opportunities for new initiatives or product/program enhancements.
    • Support Finance and Resource Development with IFF applications for new programs and funding from Treasury, foundations, investors and other funding sources.
    • Coordinate as necessary within IFF to ensure that new programs and initiatives are fully developed for effective and successful implementation.
    • Collaborate with Senior Director of Structured Finance, Community Development Initiatives and RES staff to develop and execute on comprehensive solutions, initiatives or programs requiring loan capital and/or lender resources.
  3.  In coordination with the SVP-CapSol and Portfolio Management staff, supports the financial and risk goals of IFF’s Lending and capital investment business.
    •  Identify product or programmatic opportunities to meet the needs of IFF target market customers and communities.
    • Ensure new products and programs incorporate the appropriate risk criteria and capital investment parameters.
    • Participate as a voting member of IFF’s internal credit committee and assess risks, mitigants and optimal structuring of individual loan requests.
  4. Represents IFF at conferences, seminars, presentations and other events to support overall IFF goals, programs and visibility. Work with other IFF staff to support and coordinate implementation of special IFF initiatives.
  5. Maintains required job knowledge and skills and core professional competencies. Attend and participate in required educational programs and staff meetings.
  6. Performance Measures: 
    • Achievement of IFF lending and program goals.
    • Expanded origination of high performing loans that meet the needs within the market places/sectors establishing IFF as a provider of choice.
    • High level of customer satisfaction with IFF products and services. 
    • Leadership in establishing IFF as a full partner to the nonprofit sector.
    • Identifies and recommends solutions to opportunities and issues relating to loan program implementation.
    • Full participation and cooperation with other IFF teams including CDI and RES to support broader IFF business objectives.

Requirements:

Education

  • MBA or MA strongly preferred, preferably in business, accounting, finance, or community development.  A Bachelor’s degree plus five years additional relevant experience may substitute for an advanced degree.

Previous Experience

  • Minimum of ten years of experience in banking, commercial real estate mortgage lending, real estate and community development, or nonprofit management required with a track record of growth and increasing responsibility. Experience in marketing financial programs required and managing commercial borrowing relationships.  Demonstrated competence in commercial lending terminology, credit and financial analysis, loan structuring and documentation and lending policies and procedures. Supervisory experience required.

Special Knowledge & Skills

  1. Knowledge of community development principles and real estate finance and development.
  2. Familiarity with construction and lending practices and terminology.
  3. Good interpersonal and managerial skills.
  4. High level written and oral communication and presentation skills.
  5. Experience in formal presentations.
  6. Proficient computer software user, including spreadsheets and databases.
  7. Thorough understanding of nonprofit financial statements.
  8. Ability to think creatively about problems.
  9. Ability to represent the interests of IFF and the department at all levels of government and with community and civic leadership.
  10. Experience with a community development financing programs (NMTC, LIHTC, etc.) and a network of contacts with nonprofit agencies or leaders a plus.

Unusual Requirements

  • Regular travel and occasional evening and weekend work.

Compensation:

Based on experience.

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with “Managing Director of Lending” in the subject line.

IFF is an equal opportunity employer.

Senior Underwriter - Low Income Housing Tax Credit Capital One
Miami, FL
Job Function: Underwriting
Posted: May 4, 2017

Background:

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Position Summary:

Senior Underwriter - Low Income Housing Tax Credit

The incumbent is responsible for the structuring and negotiation, underwriting, closing, due diligence and compliance functions related to the origination of new credit and investment products offered by the Community Finance group, and take a leadership role in managing the deal from origination through closing.  It is expected, the incumbent will have the depth and breadth of knowledge and experience to work on the most complicated transactions with only modest day-to-day management involvement.  While serving in this role, it is expected that the incumbent will evidence a high degree of competence in all facets of departmental operations and eventually build specific subject matter expertise in an area relevant to but above and beyond the customary level of knowledge required to perform assigned tasks.

 

Responsibilities:

  • Understand and employ all lending and investment policies and procedures of the Bank and the department. 
  • Advise production staff on product and transaction structure to meet client objectives within appropriate credit and investment guidelines.
  • Identify and elevate issues that may cause a delay in approval or closing or would otherwise warrant additional investigation.
  • Communicate information requirements to clients and other deal constituents.  Serve as the central contact for provision of the requested data.
  • Complete a detailed review and analysis of the character, experience, ability and financial strength of the sponsor(s), contractor(s), guarantor(s) as well as other entities involved with the transaction.
  • Complete a detailed analysis of third party documents as well as independent review of general market economic performance, economic factors, in person review of the site and comparable properties, and other analyses which result in supportable estimates on achievable rents, absorption and vacancy. 
  • Complete a supportable operating pro-forma based on the analysis of the real estate fundamentals, as well as a variety of other documents.
  • Complete a detailed analysis of the capital budget which includes reviewing all sources, uses, funds flow timing, restrictions on funding sources, etc.
  • Identify, obtain and review all due diligence documentation required for both credit approval as well as compliance considerations, and maintain the underwriting due diligence checklist.
  • Complete or obtain and review, risk rating models and profitability analysis. 
  • Complete a written approval request that, along with financial models and exhibits, will clearly and concisely outline the details of each transaction, the underwriter’s recommendation and the basis of the recommendation.  The request will identify transaction strengths and mitigate weaknesses, and document bank compliance with internal policies and procedures as well as regulatory and other requirements.
  • Present the credit and/or investment request for approval consideration. Communicate the decision to appropriate deal constituencies in conjunction with the production staff. 
  • Coordinate required processes outside of the department scope, such as appraisals, environmental due diligence, construction risk and counterparty risk review, to make sure all issues are identified and appropriately approved.
  • Manage the transaction closing process, including review of all bank documentation for accuracy and compliance with the approval and bank standards.  
  • Review documentation related to all other sources, including equity, loan, grant, subordinated financing, rental subsidy and regulatory agreements, to verify timing, structure and transaction terms that comport with bank underwriting and approval.
  • Satisfy final approval requirements or conditions, and obtain required approvals for structural modifications that occur after original approval but prior to close.
  • Liaise with Loan and Equity Administration and Portfolio Management representatives to ensure an efficient closing, initial funding and transfer of the transaction to the Portfolio Manager.
  • Populate the electronic credit and/or investment file for each transaction.
  • Serve as the primary facilitator between the production staff in communications, discussions and negotiations with bank designated approval staff.
  • Identify areas for process improvement and lead efforts to devise or implement actions or processes to deliver results.

Requirements:

Basic Qualifications:

  • At least a Bachelor's Degree or Military experience
  • At least 5 years experience in commercial real estate banking OR At least 5 years experience in financial services
  • At least 3 years of experience in affordable housing finance 

Prefered Qualifications:

  • Strong credit and financial analysis skills
  • Ability to write in a clear and concise manner to convey complex information
  • Strong interpersonal skills including the ability to communicate effectively
  • Exceptional analytical and problem solving skills, attention to detail and accuracy
  • Proficiency in Microsoft Office, with particular emphasis on financial modeling. 

At this time, Capital One will not sponsor a new applicant for employment authorization for this position. 

Compensation:

Base Salary plus performance based annual bonus

How to Apply:

Apply here.

 

Pages

Printer Friendly and PDF