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.

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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 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.

 

Senior Loan Officer Vital Healthcare Capital
New York, NY
Job Function: Financial Services
Posted: May 3, 2017

Background:

Vital Healthcare Capital (V-Cap) is an innovative social impact loan fund (CDFI) which finances quality care and good healthcare jobs in low-income communities across the U.S. V-Cap has a pipeline of high impact projects, $35 million in capital and a goal of growing to $100 million in 5 years.

V-Cap provides financing and technical assistance to help excellent safety-net healthcare organizations innovate and grow in a rapidly evolving healthcare sector.   V-Cap focuses on integrated and person-centered care for low-income and vulnerable populations, including the elderly, at-risk youth, people with disabilities, and people with behavioral health needs. V-Cap prioritizes healthcare organizations that enhance job quality and job skills for frontline healthcare workers. V-Cap provides flexible facility, bridge and business loans.  

V-Cap is headquartered in New York, but national in scope, with initial activity focused in MA, NY, CO, and CA.  For more information, visit http://www.vitalcap.org.

Position Summary:

The Senior Loan Officer will handle all aspects of evaluating and underwriting loans to community-based healthcare providers, including initial review, loan structuring, full underwriting and closing.  The position will also involve managing a portion of V-Cap’s loan portfolio. The Position will report to the Chief Lending Officer (“CLO”) and will support V-Cap’s business development and lending activities across its footprint.

Responsibilities:

  • Develop a deep understanding of the healthcare sector, including financial, market and regulatory issues required to successfully evaluate, underwrite and service loans.  
  • Under the direction of the CLO, assist business development staff to evaluate potential loan opportunities, and manage new and existing borrower relationships.
  • Under the direction of the CLO, evaluate,  underwrite and close new loans, including:
    • Perform due diligence review of potential borrowers, including detailed analysis of their financial statements, organizational capacity, proposed use of loan proceeds, market and regulatory environment.
    • Identify and mitigate key financial, organizational, market, regulatory and implementation risks of proposed loans.
    • Structure new loan proposals, including evaluating potential loan terms and preparing draft term sheets.
    • Prepare initial loan summaries and comprehensive credit memos, and present proposed loans to management and Loan Committee for review and approval.
    • Manage all aspects of the closing process, including working with outside legal counsel, reviewing closing due diligence and negotiating loan documents.
    • Manage a portfolio of existing loans, including reviewing financial, impact and other reporting, monitoring compliance with loan terms, handling loan modifications and workouts and conducting annual site visits.
  • Performing other related work as needed.

 

Requirements:

  • Master’s Degree in Business Administration, Finance, Public Health, Public Policy or related field, or B.A. plus equivalent experience.
  • 5-7 years’ of lending experience in community development finance, healthcare finance, commercial lending or related field.  Demonstrated underwriting experience required.
  • Demonstrated experience in structuring, underwriting and negotiating complex community development financial transactions, including balancing mission goals with solid underwriting judgement and risk mitigation.
  • Knowledge of the healthcare industry, business lending and/or formal credit training a plus.
  • An understanding of financial accounting is required. 
  • Strong analytic skills, including financial analysis, business planning or organizational assessment, and qualitative research.
  • Ability to identify, evaluate and mitigate risk.
  • Ability to think proactively and creatively to effectively solve problems. 
  • Strong interpersonal skills.
  • Ability to manage multiple tasks effectively to meet deadlines.
  • Strong verbal and written communication skills.
  • Must be highly motivated, able to work independently, with modest supervision, and collaboratively in a team setting.
  • Modest travel required.
  • Must demonstrate strong ethics in interpersonal relations.
  • Proficient knowledge of Excel, MS Word and Power Point.
  • Demonstrated passion for working in a mission driven organization with a commitment to affecting positive change in low-income communities.

 

Compensation:

Salary and benefits are competitive and commensurate with experience.

How to Apply:

To apply, please submit your resume, cover letter and salary requirements to recruiting@vitalcap.org, with “Senior Loan Officer” in the Subject line.  

Vital Healthcare Capital is an equal opportunity employer, is committed to inclusion, and welcomes candidates from diverse backgrounds.

Budget and Financial Reporting Analyst CSH
New York, NY
Job Function: Finance
Posted: May 3, 2017

Background:

For over 25 years, CSH has been a game-changer for the most vulnerable people in our country: 

  • Helping communities create 200,000 homes for individuals and families who did not have one;
  • Bringing hope to thousands who thought they would live on the streets or reside in institutions forever;
  • Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps;
  • Changing the trajectory of lives away from poverty and despair, and toward independence and economic sufficiency.

Position Summary:

The Team:

The Finance Team is an integral part of CSH, focusing on efficiency, accuracy and transparency of business support services.

The Position:

If you have a burning desire to make a difference for people and families others have given up on and often say cannot be helped, we have a place for you. No cynics allowed. Not only has CSH proven supportive housing works and does change the lives of individuals facing acute disabilities, complex medical and mental conditions, substance use disorders and economic barriers, we have done so while creating a family of nationally-recognized experts who stay committed to our organization and mission throughout their careers. CSH offers empowerment, development and growth to those we serve and our workforce. We attract talented professionals, offer competitive salaries with benefits, generous family leave and PTO, and fully embrace the philosophy that a sustainable work-life balance is desirable and achievable. With the aim of attracting good people who possess the confidence and drive to get the job done to build a better world, CSH is now accepting applications for the Budget and Financial Reporting Analyst position.

Responsibilities:

Under the direction of the Controller, the staff person will have the following responsibilities:

Responsibilities:

Project Budgets and Time/Project Management

  • Sets up initial project specifications in Dynamics Project Management system
  • Reviews new project budgets and inputs into Dynamics Project Management system for assigned grants and contracts
  • Reviews approved project modifications and inputs into Dynamics Project Management system
  • Assists project managers with the monitoring and tracking of project budgets against actual expenses
  • Reviews monthly project financial statements with Project Managers; identifies any nonconformities with spending plan or scope of work
  • Assists with compliance with adhering to project budgets
  • Prepares ad hoc reports for Project Managers
  • Ensures all time sheets are input on a bi-weekly basis; follow up with employees and supervisors as needed

Operating budget

  • In coordination with other members of the Finance Department, provides fiscal planning, budget development and analytical support to the entire organization
  • Reviews proposed budgets submitted by Managing Directors and Program Directors and recommend modifications and/or changes if necessary; implement and manage budgets
  • Formats and updates budget spreadsheets
  • Reviews annual budget assumptions with Project Managers, Directors and Managing Directors
  • Monitors, prepares and reconciles inter-organizational transfer of funds against approved budgets

Systems Administration

  • Provides user support/troubleshooting for the project management system
  • Maintains database for assigned projects and users
  • Trains new users on how to use the CSH Project Management system

Financial Reporting

  • Assists the Controller in developing and implementing systems to monitor terms and requirements of grants and contracts received by CSH to ensure compliance with federal and other contracting requirements.  
  • Communicates grant and contract requirements to management and program staff to monitor project activity and ensure that expenditures and time are charged correctly and in accordance with approved budgets.
  • Assists Managing Directors and Program Directors with fiscal management by implementing and maintaining systems and procedures to manage, allocate and monitor funding resources consistent with the annual budget, program priorities, and funder requirements for the grants and contracts of the state offices.
  • Prepares grant and contract reports for funders.
  • Invoices CSH clients and grantors for all work performed under contract or paid through grants
  • Manages deferred revenue general ledger account
  • Records all grant and contract related revenue into the general ledger on a monthly basis.  
  • Manages unbilled revenue and accounts receivable accounts
  • Conducts the monthly closeout procedure for non-renewal of assigned grants and contracts.

Budgeting

  • Coordinates the budgeting process with Analysts and Project Managers
  • Manages high level budget transactions such as inter-location revenue transfers and salary expense roll-up

Management

  • Reviews financial results of projects on a monthly basis
  • Performs analytical procedures on a project level to ensure the proper recording of revenue, expenses, accrued revenue and deferred revenue
  • Prepares ad hoc reports for Controller with respect to internal control monitoring

Requirements:

Position Qualifications

All CSH staff share a common competency framework. These competencies guide our approach and help us to create value. The successful candidate will be adaptable, entrepreneurial, collaborative, innovative, flexible, and a problem solver. Her/his work will be driven by strategic thinking and executed with creativity and efficiency. She/he will demonstrate patience and a commitment to treating others with respect.  

  • Bachelor’s degree in Accounting
  • Three to five years’ experience budgeting, grant reporting and contract billing for a mid-size non-profit that receives federal awards

Specific skills and experience include:

  • Strong analytical, interpersonal, presentation, and written and verbal communications skills.  
  • Ability to communicate clearly and simply, coupled with a strong creative sensibility and ability to think critically and strategically. 
  • Strong sense of ownership for assigned work functions and ability to work independently and as a team member
  • Proficiency in using Microsoft Office Suite including Word, Excel, Power Point and Outlook.
  • Sound business ethics, including the protection of proprietary information.
  • Knowledge of project management systems and/or Microsoft Dynamics a plus
  • Familiarity with creating report queries

Compensation:

Commensurate with experience

How to Apply:

Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover letter and Salary Expectations as one Microsoft Word or PDF document.

CSH employees are mission driven; we take initiative, pursue goals with minimal supervision and are adept at managing multiple assignments effectively. 
 
Interested in joining our team as a leader in the national supportive housing movement? Please apply via the link below:

https://csh.csod.com/ats/careersite/jobdetails.aspx?site=1&c=csh&id=36&source=3     

CSH is proud that it always has been and always will be an Equal Opportunity Employer. 

Vice President – Operations Officer ImpactUs
Washington, DC
Job Function: Administrative/Operations/IT
Posted: May 1, 2017

Background:

ImpactUs Marketplace LLC (“ImpactUs”), is a Delaware Limited Liability Company and FINRA/SEC/SIPC licensed Broker Dealer offering an array of private debt and private equity impact investments to support the impact industry, institutions, investors and their advisors. During this first year of operations, ImpactUs is targeting onboarding approximately $100MM in existing and new offerings issued by a range of Community Development Financial Institutions (CDFIs), non-profits, affordable housing developers, and mission driven for-profit organizations. The offerings will be both domestic and global; place based and thematic. It is expected to grow to a $2B scale within five years. ImpactUs was capitalized by investments and grants from Enterprise Community Partners, Inc.; City First Enterprises, Inc.; MacArthur Foundation; Ford Foundation and a gift from an anonymous donor. The first-year staff is estimated at 5-8 full time employees and targets future efficient scale growth in staffing.

ImpactUs was formed to fill a market void that exists between entities such as CDFIs and other mission based organizations. These organizations raise and deploy capital from impact investors (institutional, QIB, retail) and advisors who are looking for a financial return on their investments that are accompanied by a measurable societal impact. ImpactUs is initially targeting debt and equity securities that have a track-record with institutions, communities and impact investors. 

Position Summary:

It is expected that over a short period the Vice President - Operations Officer will hire, manage and develop operations and office management associate(s) and a series of third party relationships/contractors that provide administrative, payment agent, and other services to clients. The Vice President - Operations Officer may complement two FINRA required principals and must hold or re-acquire their FINRA Licenses: 7, 63, 99 required and 24 highly preferred.

Job Purpose

Serving as an integral member of the management team, the Vice President - Operations Officer will assist in the development of the firm's operations, customer service, conversion, talent and risk management strategies. They are expected to directly contribute to the achievement organization’s strategic, financial and mission-based goals. In addition to the strategic components, the Vice President - Operations Officer will be charged with developing and implementing policies, procedures and internal guidelines that help drive the company’s key points of differentiation in the areas of issuer, investor and advisor service support, impact specific operations, and use of SaaS related technology. The Vice President - Operations Officer is responsible for leading his/her own functions and assisting peers and colleagues in the successful accomplishment of goals and objectives. In collaboration with the CCO, the Vice President - Operations Officer helps ensure the firm's compliance with all FINRA and SEC rules and regulations by providing necessary oversight, advice, training, and risk assessment pertaining to the firm’s broker/dealer activities. They must also stay current and should have the appetite to be an industry leader around Impact Investing and Title III/Crowdfunding strategies, operations and products.

Responsibilities:

Essential Functions (include but not limited to):

  • Proactively and directly contribute to the development of the firm’s strategic goals and objectives as well as the overall management of the organization.
  • Lead the strategic development, documentation and implementation of operating policies, procedures and internal guidelines that help drive points of competitive differentiation and achievement of high net promoter scores through: back and middle office operations, customer service, talent, risk management and online/offline user experiences. 
  • Execute on the day to day service and operations delivery needs of the business.
  • Identify, monitor and continuously improve key components of health of the business, net promoter scores (NPS) and production related activities.
  • Maintain continuous and open lines of communication, keeping the team informed of all critical issues.
  • Lead and contribute as a subject matter expert (SME) in the development of business requirements, end to end testing and effective implementation of online (The Marketplace) and offline (ImpactUs associates and third party partners) compliance workflows.
  • Help develop and implement an appropriate system of policies, internal controls, accounting standards and talent management policies guidelines and procedures.
  • Manage and negotiate ongoing service delivery and parameters of relationship with key partners in customer service, operations, banking, accounting etc.
  • Oversee the efficient management of the facilities and operating security and efficiency of the ImpactUs business.
  • Hire, manage and develop associates or contractors in related areas of responsibility
  • Work collaboratively to promote and demonstrate a culture of high performance and continuous improvement that values: shared prosperity, integrity, transparency, diversity, excellence alongside pragmatic realism, and results. 

 

Requirements:

Required Knowledge and Skills

  • 10-plus years’ experience in the combined areas of responsibility: operations; customer service; accounting; financial and regulatory reporting; and talent management within the regulated investment industry.
  • Demonstrated expertise building and refining strategies, teams and implementation plans for start-ups or fast growing firms or departments.
  • Work collaboratively to promote and demonstrate a culture of high performance and continuous improvement that values: shared prosperity, integrity, transparency, diversity, excellence alongside pragmatic realism, and results. 
  • Demonstrated ability to effectively analyze situations, absorb large amounts of information and apply past experience, judgment and creative problem solving to prevent and/or resolve issues in a timely manner.
  • Extensive and demonstrated knowledge of securities rules and regulations covering operating procedures and customer protection.
  • Prior knowledge, experience or familiarity with the intersections of Broker Dealers and technologies that support operations, customer service, money movement and reporting.
  • Extensive and demonstrated experience with the interaction between RIAs, investment consultants, family offices, custodians, clearing firms, FINRA member Broker-Dealers and their associated responsibilities.
  • Excellent communication skills, both oral and written. Should have the ability and experience to draft clear and professional correspondence, policies and procedures and other documents of both legal and business nature. 
  • Previous experience documenting work and process flows and innovating for increased operational efficiency and effectiveness in a technology, regulatory and broker dealer environment.
  • Demonstrated experience corresponding and managing relationships with board of directors, regulators, outside counsel(s) and auditors.
  • Demonstrated propensity and ability to seek clarity but accept ambiguity of a start-up in the FinTech space.
  • Previous experience or demonstrated interest in impact, community development and thematic investing spaces.
  • Bachelor’s Degree with an MBA or other advanced degree preferred
  • FINRA licenses: 7, 63, 99 required and 24 and other principal designations highly preferred

 

Compensation:

Commensurate with experience

How to Apply:

To apply, send your resume and a cover letter to jobs@impact-us.com with the subject line “Vice President – Operations Officer”

Director of Advocacy Fahe
Berea, KY
Job Function: Advocacy/Policy
Posted: May 1, 2017

Background:

Want to make a difference? Fahe is on a mission to eliminate persistent poverty in Appalachia. Our unique collaborative model connects a Network of local, regional, and national leaders, all working together to uplift our nation’s rural places. Since our inception in 1980, the Fahe Network has served more than 375,000 people, made over $609 million in direct investments, and achieved a total cumulative financial impact of over a billion dollars in Appalachia.

Position Summary:

Fahe is looking for a new Director of Advocacy. This position will serve Fahe and our Membership by representing us at the state, regional, and national levels and moving our collective advocacy agenda forward. Reporting to the CEO, this position will work with the executive staff, board of directors and an outside lobbying firm on a regular basis.

Responsibilities:

  • Work with President and Policy Committee to craft, execute and report on our Advocacy/Policy Agenda
  • Oversee and coordinate internal work for Advocacy, and with lobbying firm
  • Represent Fahe and our Members at national and regional events.
  • Create and promote content to legislators, trade groups/coalitions, program offices and strategic partners
  • Translate details from big picture/national climate
  • Responsible for Departmental budget and goals
  • Ability to report (memos) to staff/caucuses/board on behalf of Advocacy Team
  • Maintain legislative calendar and contacts list

Requirements:

  • Familiarity with federal programs, laws and regulations
  • Familiarity with nonprofit development organizations
  • Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization
  • Able to work independently as well as collaboratively
  • Ability to Travel as needed – experienced solo and air traveler preferred
  • Proficient relationship-building skills Preferred

Education and Experience:

  • Undergraduate degree required
  • Experience at state or federal level with legislative affairs.

Compensation:

TBD

How to Apply:

Fahe is an Equal Opportunity Employer seeking applicants who can bring diverse viewpoints, experience, talents, and culture to promote our organization’s mission of eliminating persistent poverty in Appalachia. We offer a diverse work environment with competitive salaries and excellent benefits. Visit www.fahe.org to learn more about Fahe.

Qualified candidates may submit a resume and cover letter to hr@fahe.org or mail to Fahe/ATTN: Human Resources; 319 Oak Street; Berea, KY 40403.

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