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  • 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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AmeriCorps VISTA: Project Manager Westminster Economic Development Initiative (WEDI)
Buffalo, NY
Job Function: Project Management
Posted: January 26, 2017

Background:

WEDI operates in three main program areas:

  • Economic Development: Low-income individuals and families attain sustainable incomes through business creation and expansion. WEDI has supported the establishment of over 100 and expansion of over 30 businesses, often through the disbursal of over 60 loans from its growing $650,000 fund. This lending activity has performed well, with a 1.9% average monthly 30-day delinquency rate in 2016, no 2015/16 charge-offs, and a 0.40% cumulative charge-off rate.
  • Community Development: Entrepreneurs create focused, market-driven, and sustainable destinations that bring people together to create strong, diverse neighborhoods. WEDI hosts up to 21 businesses in its retail and commercial kitchen space, the West Side Bazaar, and has successfully graduated over 25 small-business owners who grew businesses at this incubator.
  • Education: English language learners acquire comprehension and fluency to attain parity with native English-speaking peers, which in turn promotes high graduation rates, family health, and a strong community. The ENERGY Literacy for Children and FLY after-school programs serve 64 English language learners from Buffalo’s West Side who are in grades 1-6 and 7-8, respectively.

 

Position Summary:

This AmeriCorps VISTA Project Manager position will focus on building WEDI’s organizational capacity to serve more people more effectively by developing processes and standard operating procedures to ensure programmatic efficiency and sustainability.

Responsibilities:

  • Build on established educational programming both in ENERGY  and WEDI’s newly absorbed FLY Program
  • Implement the new ENERGY/FLY joint summer program
  • Implement volunteer cultivation, measurement, and outcomes procedures
  • Participate in strategic marketing and program-development discussions
  • Support the Executive Director in fundraising activities, including grant writing and editing

 

Requirements:

Required Qualifications

  • Bachelor’s degree with a major or minor in Business, Economics, Education, Finance, International Affairs, Political Science, or a related field
  • Ability to learn quickly and develop innovative solutions to community development problems
  • Passion for public service and empowering low-income populations
  • Ability to complete tasks quickly and on schedule
  • Ability to manage the schedule of multiple projects and meet deadlines
  • Competent and efficient in Google applications, MS Office, and social media
  • Demonstrated problem-solving skills
  • High accuracy in work and attention to detail
  • Proven oral and written communication skills

Preferred Qualifications

  • Experience working in a non-profit, mission-driven organization
  • A demonstrated commitment to alleviating poverty, educating children, improving cities, and serving the community

Compensation:

Compensation, Benefits, and Professional Development

  • Compensation for this year-long AmeriCorps national service position includes a living allowance, student loan deferral, and end-of-term educational award or cash stipend. 
  • Health insurance is included through AmeriCorps. 
  • This is an ideal position for anyone who is interested in gaining experience in a rapidly growing Community Development Financial Institution. 
  • WEDI provides a variety of professional development opportunities. For example, past VISTA members have attended the Toronto International Microfinance Summit, United Way Professional Development Series for Volunteer Administrators, and Buffalo Bills and Buffalo Sabres games, which serve as important opportunities for networking with supporters in the traditional finance community. 
  • WEDI also provides a small stipend to cover usage of personal cellular phones for work-related communications. Furthermore, as WEDI has recently developed a strong working relationship with Houghton College, many AmeriCorps members at WEDI are currently able to find affordable housing through Houghton-managed properties.

How to Apply:

If interested, please send a resume and cover letter to ben@wedibuffalo.org.

Community Investment Officer CSH
Los Angeles, CA
Job Function: Lending/Loan Operations
Posted: January 26, 2017

Background:

For over 25 years, CSH has been a gamechanger 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:

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 a Los Angeles based Community Investment Officer.

Responsibilities:

As a valued member of our team, the successful applicant will originate loans for quality supportive housing developments and provide assistance to government partners in shaping financing and development policies and programs to create stronger systems that support and expedite the promotion production of supportive housing.

  • Provide technical assistance to nonprofit, for-profit and public organizations around the financing, creation and operation of supportive housing.
  • Originate loans based on thorough review and analysis, comprehensive due diligence and sound risk assessment.
  • Analyze project feasibility and the capacity of development teams and propose loan structures that meet borrowers needs while advancing CSH’s strategic priorities and credit policies.
  • Prepare and present loan recommendations to credit committees.
  • Cultivate strong relationships with industry partners and developers including public and private agencies, funders, financial institutions and external partners.
  • Market CSH’s loan products and expertise resulting in a robust lending pipeline which you will help monitor and manage.
  • Partner with CSH Los Angeles staff to identify lending opportunities resulting from programmatic activities.
  • Significantly contribute to the LA Region’s systems change efforts including commenting on local and state financing regulations and programs and facilitating conversations between the development and public financing community. 
  • Actively seek and garner feedback from developers on supportive housing development policies and financing programs and use this feedback to inform and improve lending products and policies that support innovation while meeting developer needs. 
  • Advance CSH’s strategic priorities through your Investment Officer role, including building the supportive housing industry by leading trainings and workshops, representing CSH at conferences and events and working closely with colleagues on special projects, innovative ideas and programs that advance the creation of supportive housing in the Los Angeles Region.

 

Requirements:

The qualities we are looking for include an adaptive, entrepreneurial problem solving approach. Candidates should be driven by strategic thinking executed with creativity and flexibility. It is important to welcome and pursue pursue new ideas and visions for supportive housing and the role it plays in solving complex problems.

  • Bachelor degree required. Master’s level education preferred. Experience may substitute for education.
  • Minimum 6 years experience in low income or supportive housing development, underwriting or funding field.
  • Extensive knowledge of the Low Income Housing Tax Credit Program and familiarity with state and other federally funded affordable housing programs.
  • Familiarity with the entitlement process, zoning and planning and challenges for low- income or supportive housing developers.
  • Familiarity or interest in issues related to supportive housing including homelessness, low income housing development, finance, state and local housing finance policies, service needs,      community development and planning, mental illness, AIDS, harm reduction or public housing.
  • Strong analytical, interpersonal, facilitation, communication and presentation skills.
  • Demonstrated skills using Microsoft Office Suites. Experience with loan servicing or CRM programs a plus.
  • Demonstrated success building quality teams, trusted relationships and setting and managing performance and mentoring and coaching development partners in the areas of real estate development and housing finance issues.

 

Compensation:

Commensurate with experience

How to Apply:

CSH staff 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? To apply click here.

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

Nonprofit Financial Management Consultant Northern California Community Loan Fund
San Francisco, CA
Job Function: Finance
Posted: January 25, 2017

Background:

We are a nonprofit organization committed to California’s low-income communities. For 30 years, we’ve partnered with socially conscious impact investors and mission-driven organizations to support low-income communities’ need for housing, education, healthcare, food, jobs and economic opportunity. We provide loans and working capital as well as consulting and technical assistance so that mission-driven organizations can achieve their vision of financially secure and culturally vibrant communities. And by investing in our loan fund, impact investors achieve their vision of realizing financial returns while funding social good. By bringing together investors, community organizations, and our expertise, we invest in opportunity, together.

Position Summary:

The Nonprofit Financial Management Consultant works in NCCLF’s Consulting Services Program, a technical assistance program that increases the financial management capacity of nonprofits. S/He will provide direct technical assistance in areas such as assessing an organization’s financial position, developing budgeting processes, analyzing cash flows, and business planning for growth and new opportunities.  S/He will assist a wide range of organizations (staff and Boards of Directors) with a variety of needs – from implementing best practices in financial management to determining the viability of a real estate.

Responsibilities:

Client Services  

  • Conduct individual client assessments (analysis of financial condition and practices) and present assessment results and recommendations to client’s staff and Board of Directors
  • Assess clients’ accounting system and provide training to their staff
  • Train clients’ staff and Boards of Directors in fiduciary responsibilities and  financial literacy
  • Assist clients with program budgeting and analysis for long-term sustainability 
  • Work closely with Real Estate Consultants to prepare clients for real estate projects
  • Create budget models to calculate the impact of new operating expenses due to new programs, a new facility, and/or new revenue streams
  • Assess debt capacity and ability to meet requirements of lending institutions
  • Organize, plan and conduct financial management and real estate workshops
  • Manage and maintain positive client relationships

Program Management & Administration  

  • Assist with marketing and recruitment of clients through targeted mailings, emails, conference presentations, and networking
  • Assist program staff with creation of marketing materials 
  • Conduct on-going “best practices” research and document results for the benefit of clients
  • Develop new consulting and training materials
  • Measure and track results of consulting engagements
  • Maintain strong relationships with governmental agencies, foundations, and other third party payers
  • Work with staff to maintain NCCLF consultant referral network
  • Attend staff meetings and work with NCCLF staff to coordinate Consulting services with other organizational programs

Requirements:

Minimum Requirements:  

  • 4+ years experience with financial management of nonprofit organizations
  • Demonstrated proficiency in nonprofit accounting practices, nonprofit finance, and nonprofit management 
  • Excellent written and oral communication skills, and financial analysis skills
  • Up-to-date knowledge of FASB, audit procedures, accounting systems and other financial management issues pertaining to nonprofits
  • Familiarity with nonprofit accounting software programs
  • Ability to design and build financial analysis models for financial management
  • Attention to detail and ability to manage multiple projects with competing deadlines
  • Understanding and ability to work with a range of nonprofit clients that reflect the diversity of the Bay Area and Northern California
  •  Ability to conduct client visits throughout Northern California
  • Valid California Drivers License for required driving
  • Enthusiasm, entrepreneurial spirit, and a passionate commitment to work in community development and the nonprofit sector

Desired Qualifications, Skills & Experience:

  • Bachelors Degree in a related field or equivalent experience
  • Experience with technical assistance, consulting and training, including curriculum development, webinars, group presentations and individual consultations
  • Familiarity with nonprofit real estate development

Compensation:

Starting salary is $80,000 - $85,000 depending on experience, plus an excellent benefits package including health, dental, retirement plan and three weeks vacation.

How to Apply:

Send résumé and cover letter: 

Northern California Community Loan Fund
Attn: Human Resources 
870 Market Street, Suite 677
San Francisco, California 94102

OR 

email to hr@ncclf.org. Application Deadline: Open until filled.

New Market Tax Credit Loan & Compliance Officer CSH
Chicago, IL
Job Function: Financial Services
Posted: January 25, 2017

Background:

CSH transforms how communities use housing solutions to improve the lives of the most vulnerable people. We offer capital, expertise, information and innovation that allow our partners to use supportive housing to achieve stability, strength and success for the people in most need. CSH blends over 20 years of experience and dedication with a practical and entrepreneurial spirit, making us the source for housing solutions. CSH is an industry leader with national influence and deep connections in a growing number of communities throughout the country.

Position Summary:

We are seeking an enthusiastic, detailed-oriented individual to join our high-impact Community Investment team. CSH’s Community Investment team has supported the development of over 100,000 units of supportive housing through its financing and technical assistance, and with its NMTCs supports the development of health and social service facilities that serve vulnerable populations and supportive housing projects.  Through these investments, CSH strives to expand and better connect needed support services to supportive housing.

This position will report to and work closely with the Director of New Market Tax Credits.  The NMTC Loan and Compliance Officer will help to underwrite and close NMTC loans, and will manage CSH’s NMTC portfolio, which currently consists of seven projects but will soon grow to approximately twelve over the next year.  The NMTC Loan and Compliance Officer will also help to screen projects and manage the pipeline of potential investments; prepare and maintain summary reports on closed projects; assist with the preparation of CSH’s annual NMTC application to the CDFI Fund; help with NMTC unwinds at the end of the seven year compliance term; and assist with general program compliance and marketing activities. This position offers a unique opportunity for the right candidate to work on both the origination and asset management sides of community investments, and offers significant opportunity for learning and growth.  Successful candidate must be a self-starter and able to take initiative to successfully close and manage investments with minimal day-to-day supervision, and works well independently and as part of a team that includes accountants, attorneys, program and compliance consultants, program staff, co-lenders, and government agencies.

Responsibilities:

The Loan and Compliance Officer is responsible for managing closed projects and CSH’s NMTC compliance reporting, including:

  • Review and approve construction draw requests and work with accounting group to disburse and transfer funds. 
  • Monitor and review required compliance reporting to ensure reporting its completed on-time and in accordance with all reporting requirements. 
  • Collect and manage community impact reporting and oversee CSH’s annual Community Investment Impact System (CIIS) reporting to the Department of the Treasury’s CDFI Fund. 
  • Review quarterly financial statements and monitor overall project performance against projections, identify and address compliance issues, and in coordination with investors and co-lenders, identify strategies and implement procedures to improve project performance and/or mitigate risks.  
  • Work with the investors, co-lenders, accountants, legal counsel, and project sponsors to prepare for and carryout the successful unwind of NMTC structure at the end of the NMTC compliance term.
  • Create and maintain reports and data on closed projects for presentation to the NMTC Advisory Board, CSH management/Board of Directors, investors, and/or the CDFI Fund, as needed. 

Working with the NMTC Director, the Loan and Compliance Officer will assist with the underwriting and closing of NMTC projects, including:

  • Prepare summary memo of community impacts of potential projects and alignment with CSH’s NMTC investment strategy and allocation agreement, and present potential projects to CSH’s NMTC Advisory Board for approval.
  • Underwrite the risks associated with potential NMTC investments, including review of real estate due diligence and assessment of financial feasibility.
  • Help to identify financial covenants, reporting requirements, and/or other strategies as needed to help to mitigate risks.  
  • Prepare credit underwriting memos outlining potential risks and mitigants, and present investment recommendations to CSH’s Internal Program Review Committee (IPRC) and Board Project Review Committee (BPRC) for approval.
  • Review NMTC financial model and loan documents to ensure that CSH’s fees and expenses, and required reporting, disbursement procedures, closing conditions, and covenants are included and comply with CSH’s requirements.

Help to Support and Build CSH’s NMTC Program

  • Cultivate and maintain positive working relationships with project sponsors/borrowers, investors, co-lenders, and other external NMTC partners, including consultants, attorneys, and tax accounts. 
  • Assist with outreach to CSH program staff to identify potential NMTC projects, solicit feedback about potential investments, and to help to design and carryout consulting and/or technical assistance to borrowers to better connect services to residents of supportive housing, and/or to help further CSH’s programmatic work.  
  • Prepare project summaries and other marketing materials for website and general distribution, and represent CSH at NMTC conferences, trainings, and other events.
  • Help where needed to prepare CSH’s annual NMTC application to the CDFI Fund.
  • Support the advancement of CSH’s strategic priorities and goals by applying your time and talent to CSH, including participating in conferences, trainings, and team meetings, and engaging in professional development activities and opportunities. 

Requirements:

  • Successful candidates will be adaptive, entrepreneurial problem solvers with a demonstrated commitment to social justice. CSH seeks candidates driven by strategic thinking, executed with creativity and flexibility with an ability to adapt approach, strategy, and tactics rapidly in response to changing information or program needs. It is important to help to articulate and strategically pursue new visions and ideas for supportive housing, and the role it can play in solving complex problems.
  • Bachelor’s degree in real estate, planning, business, finance or related field, with an advanced degree preferred.  Additional experience may substitute for advanced degree.
  • Minimum of 3 years of experience in real estate finance, asset/portfolio management, project development, and/or non-profit lending.  Experience in underwriting and/or managing loans to community health centers and social service facilities a plus.
  • Strong interest in economic and community development, affordable housing, addressing chronic homelessness, and meeting the service needs of low income, vulnerable populations, including seniors, veterans, transition aged youth, LGBT populations, and/or those with substance use, mental illness, or criminal histories, is required.
  • Past experience in reading legal documents, and managing compliance and community impact reporting related to public funding sources is desired. Familiarity with community and economic development programs is a plus. Prior experience with New Market Tax Credits is a plus but not required.
  • Must be organized, analytic, detail oriented, and comfortable working with numbers/data; have excellent written and verbal communication skills; and demonstrated experience managing multiple assignments and meeting deadlines.  
  • Prior experience using Microsoft Office programs (Word, Excel, Power Point, Outlook) is required.

 

Compensation:

Commensurate with experience

How to Apply:

To apply please follow the link here. All applications must include a resume and cover letter describing interest in the position, prior experience, and salary requirement. Applications without a cover letter will not be accepted.

Corporation for Supportive Housing is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees, and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation.  CSH is also committed to a policy of affirmative action in the hiring of staff and encourages employment applications from people who are representative of the culturally and ethnically diverse communities CSH serves.

New Market Tax Credit Loan & Compliance Officer CSH
New York, NY
Job Function: Financial Services
Posted: January 25, 2017

Background:

CSH transforms how communities use housing solutions to improve the lives of the most vulnerable people. We offer capital, expertise, information and innovation that allow our partners to use supportive housing to achieve stability, strength and success for the people in most need. CSH blends over 20 years of experience and dedication with a practical and entrepreneurial spirit, making us the source for housing solutions. CSH is an industry leader with national influence and deep connections in a growing number of communities throughout the country.

Position Summary:

We are seeking an enthusiastic, detailed-oriented individual to join our high-impact Community Investment team. CSH’s Community Investment team has supported the development of over 100,000 units of supportive housing through its financing and technical assistance, and with its NMTCs supports the development of health and social service facilities that serve vulnerable populations and supportive housing projects.  Through these investments, CSH strives to expand and better connect needed support services to supportive housing.

This position will report to and work closely with the Director of New Market Tax Credits.  The NMTC Loan and Compliance Officer will help to underwrite and close NMTC loans, and will manage CSH’s NMTC portfolio, which currently consists of seven projects but will soon grow to approximately twelve over the next year.  The NMTC Loan and Compliance Officer will also help to screen projects and manage the pipeline of potential investments; prepare and maintain summary reports on closed projects; assist with the preparation of CSH’s annual NMTC application to the CDFI Fund; help with NMTC unwinds at the end of the seven year compliance term; and assist with general program compliance and marketing activities. This position offers a unique opportunity for the right candidate to work on both the origination and asset management sides of community investments, and offers significant opportunity for learning and growth.  Successful candidate must be a self-starter and able to take initiative to successfully close and manage investments with minimal day-to-day supervision, and works well independently and as part of a team that includes accountants, attorneys, program and compliance consultants, program staff, co-lenders, and government agencies.

Responsibilities:

The Loan and Compliance Officer is responsible for managing closed projects and CSH’s NMTC compliance reporting, including:

  • Review and approve construction draw requests and work with accounting group to disburse and transfer funds. 
  • Monitor and review required compliance reporting to ensure reporting its completed on-time and in accordance with all reporting requirements. 
  • Collect and manage community impact reporting and oversee CSH’s annual Community Investment Impact System (CIIS) reporting to the Department of the Treasury’s CDFI Fund. 
  • Review quarterly financial statements and monitor overall project performance against projections, identify and address compliance issues, and in coordination with investors and co-lenders, identify strategies and implement procedures to improve project performance and/or mitigate risks.  
  • Work with the investors, co-lenders, accountants, legal counsel, and project sponsors to prepare for and carryout the successful unwind of NMTC structure at the end of the NMTC compliance term.
  • Create and maintain reports and data on closed projects for presentation to the NMTC Advisory Board, CSH management/Board of Directors, investors, and/or the CDFI Fund, as needed. 

Working with the NMTC Director, the Loan and Compliance Officer will assist with the underwriting and closing of NMTC projects, including:

  • Prepare summary memo of community impacts of potential projects and alignment with CSH’s NMTC investment strategy and allocation agreement, and present potential projects to CSH’s NMTC Advisory Board for approval.
  • Underwrite the risks associated with potential NMTC investments, including review of real estate due diligence and assessment of financial feasibility.
  • Help to identify financial covenants, reporting requirements, and/or other strategies as needed to help to mitigate risks.  
  • Prepare credit underwriting memos outlining potential risks and mitigants, and present investment recommendations to CSH’s Internal Program Review Committee (IPRC) and Board Project Review Committee (BPRC) for approval.
  • Review NMTC financial model and loan documents to ensure that CSH’s fees and expenses, and required reporting, disbursement procedures, closing conditions, and covenants are included and comply with CSH’s requirements.

Help to Support and Build CSH’s NMTC Program

  • Cultivate and maintain positive working relationships with project sponsors/borrowers, investors, co-lenders, and other external NMTC partners, including consultants, attorneys, and tax accounts. 
  • Assist with outreach to CSH program staff to identify potential NMTC projects, solicit feedback about potential investments, and to help to design and carryout consulting and/or technical assistance to borrowers to better connect services to residents of supportive housing, and/or to help further CSH’s programmatic work.  
  • Prepare project summaries and other marketing materials for website and general distribution, and represent CSH at NMTC conferences, trainings, and other events.
  • Help where needed to prepare CSH’s annual NMTC application to the CDFI Fund.
  • Support the advancement of CSH’s strategic priorities and goals by applying your time and talent to CSH, including participating in conferences, trainings, and team meetings, and engaging in professional development activities and opportunities. 

Requirements:

  • Successful candidates will be adaptive, entrepreneurial problem solvers with a demonstrated commitment to social justice. CSH seeks candidates driven by strategic thinking, executed with creativity and flexibility with an ability to adapt approach, strategy, and tactics rapidly in response to changing information or program needs. It is important to help to articulate and strategically pursue new visions and ideas for supportive housing, and the role it can play in solving complex problems.
  • Bachelor’s degree in real estate, planning, business, finance or related field, with an advanced degree preferred.  Additional experience may substitute for advanced degree.
  • Minimum of 3 years of experience in real estate finance, asset/portfolio management, project development, and/or non-profit lending.  Experience in underwriting and/or managing loans to community health centers and social service facilities a plus.
  • Strong interest in economic and community development, affordable housing, addressing chronic homelessness, and meeting the service needs of low income, vulnerable populations, including seniors, veterans, transition aged youth, LGBT populations, and/or those with substance use, mental illness, or criminal histories, is required.
  • Past experience in reading legal documents, and managing compliance and community impact reporting related to public funding sources is desired. Familiarity with community and economic development programs is a plus. Prior experience with New Market Tax Credits is a plus but not required.
  • Must be organized, analytic, detail oriented, and comfortable working with numbers/data; have excellent written and verbal communication skills; and demonstrated experience managing multiple assignments and meeting deadlines.  
  • Prior experience using Microsoft Office programs (Word, Excel, Power Point, Outlook) is required.

 

Compensation:

Commensurate with experience

How to Apply:

To apply please follow the link here. All applications must include a resume and cover letter describing interest in the position, prior experience, and salary requirement. Applications without a cover letter will not be accepted.

Corporation for Supportive Housing is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees, and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation.  CSH is also committed to a policy of affirmative action in the hiring of staff and encourages employment applications from people who are representative of the culturally and ethnically diverse communities CSH serves.

Underwriter Neighborhood Housing Services of Chicago
Chicago , IL
Job Function: Lending/Loan Operations
Posted: January 23, 2017

Background:

Established in 1975, Neighborhood Housing Services (NHS) of Chicago is a non-profit neighborhood revitalization organization committed to helping homeowners and strengthening neighborhoods. Our mission is to create opportunities for people to live in affordable homes, improve their lives, and strengthen their neighborhoods.

NHS is a 501c3 non-profit corporation which includes five separate legal entities: Neighborhood Housing Services, Neighborhood Lending Services, Neighborhood Redevelopment Corporation, Neighborhood Redevelopment Corporation Initiatives, and Neighborhood Housing Services of the Fox Valley.

Neighborhood Lending Services (NLS) is a Community Development Financial Institution Loan Fund that stabilizes and revitalizes economically distressed communities throughout metropolitan Chicago.  We facilitate such revitalization by helping first-time homebuyers purchase and maintain their own homes.

Position Summary:

Analyze income, credit, savings pattern of prospective borrowers according to Neighborhood Housing Services (NHS) specific guidelines to determine if they qualify for a loan. Also, review appraisals, construction estimates and discuss and resolve any concerns with construction specialists to determine prudent and equitable underwriting decision.

Responsibilities:

  • Provide general program information in response to inquiries and referrals and determine eligibility.
  • Ensure all required loan forms and disclosures are properly conveyed and/or executed.
  • Collect all supplementary documentation using lending industry standards.
  • Review documents submitted by the borrower to determine credit worthiness, the collateral value of the property and pre-qualify applicants for maximum loan limits.
  • Maintain a thorough knowledge of various loan programs offered by NLS, thorough and complete knowledge of lending industry standards for borrower and collateral qualifications and regulatory requirements for credit management.
  • Assess borrower eligibility and need for forgivable loans or subsidies used for down payment, closing cost, appraisal gap and construction cost.
  • Ability to independently evaluate alternatives and recommend solutions.  
  • Strong working relationships with internal and external customers.   
  • Maintains required job skills and core professional competencies. Attends and participates in required educational programs and staff meetings. 
  • Performs other duties as assigned.

PERFORMANCE MEASURES

  • Timely, courteous and informative responses and follow-up on customers’ requests.
  • Timely and accurate execution of disclosures. 
  • Applications underwritten according to established guidelines and timelines.

Requirements:

  • Bachelor’s degree required. 
  • 2 years of underwriting experience.
  • Experience working with Encompass loan software.

 

Compensation:

TBD

How to Apply:

NHS is an Equal Opportunity Employer committed to a diverse and talented workforce.

CONTACT INFORMATION:

Interested applicants should apply here for consideration.

 

Controller WWBIC
Milwaukee, WI
Job Function: Accounting
Posted: January 19, 2017

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) has provided quality business and financial education coupled with access to fair capital and financial products for more than 29 years. Since WWBIC was incorporated as a 501(c)(3) in 1987, it has loaned $46 million to small business owners, helped entrepreneurs create and retain 8,900 jobs, assisted over 55,000 clients, including more than 3,900 businesses, and assisted 152 individuals and families in purchasing their own homes through its asset-building program.  Each year, WWBIC increases its impact across the state through the hard work of our staff and dedicated volunteers.  For more information, visit www.wwbic.com.

Position Summary:

This position is primarily responsible for oversight of finance, accounting, and reporting activities, supporting the preparation of Board, Finance and Audit Committee reports and for working collaboratively with leadership to ensure completion of organizational objectives. This position will have supervisory responsibility for our hardworking accounting team.

Responsibilities:

Specific responsibilities include overseeing all accounts, ledgers and reporting systems to ensure compliance; coordinating all activity related to audits, budget development & analysis, AP/AR, payroll and accounting for investments; and analyzing financial data and presenting financial reports in an accurate and timely manner.

Requirements:

The position requires a minimum of 7 years of experience in an accounting and/or financial reporting and previous supervisory experience. A Bachelor’s degree and knowledge or both Generally Accepted Accounting Principles (GAAP) and Office of Management and Budget (OMB) regulations is required.

Must have strong communication, organization and analytical skills along with a high comfort level in Microsoft Office and database experience. Must work collaboratively and be committed to supporting and developing a strong Accounting team. Flexibility, a positive attitude and the ability to manage large volumes of work in a busy office is vital. Valid driver’s license and proof of insurance is needed.

Compensation:

Based on Experience

How to Apply:

Email cover letter, resume and salary requirements to: patricia.lohmann@wwbic.com

State Policy Director CSH
Washington , DC
Job Function: Advocacy/Policy
Posted: January 19, 2017

Background:

CSH transforms how communities use housing solutions to improve the lives of the most vulnerable people. We offer capital, expertise, information and innovation that allow our partners to use supportive housing to achieve stability, strength and success for the people in most need. CSH blends over 20 years of experience and dedication with a practical and entrepreneurial spirit, making us the source for housing solutions. CSH is an industry leader with national influence and deep connections in a growing number of local communities. We are headquartered in New York City with staff based in more than 20 locations around the country.

Position Summary:

The Corporation for Supportive Housing is seeking an energetic, entrepreneurial and results-oriented individual for the position of State Policy Director on the Policy and External Affairs team. Reporting to the Vice President for Policy and External Affairs, the State Policy Director will be responsible for working with CSH staff in the field and with other state and local partners to identify, design, and advocate for state and local level policy reforms and systems change. The Director will work with other partners to advance state/local statutory and regulatory proposals and advocate for increased investments in supportive housing. Additionally, the Director will spend roughly half his/her time working closely with CSH’s Community Investment team and other partners to deepen CSH’s role as a Community Development Financial Institution (CDFI) advancing policy and programmatic efforts to support the financing of supportive housing projects, including recommendations to refine Qualified Allocation Plans to more effectively direct Low Income Housing Tax Credit funding to supportive housing projects. Some travel is required. 

Responsibilities:

Lead state policy reforms and system change (approximately 50%)

  • Provide strategic vision and thought leadership for CSH’s state and local systems change and policy reform efforts.
  • Collaborate with internal leaders to identify additional jurisdictions outside of CSH’s footprint to engage and targeted policy initiatives.
  • Conduct assessment and environmental scans in CSH communities and other targeted jurisdictions to determine the feasibility and viability of pursuing policy and system reform initiatives.
  • Analyze, compile and disseminate research, data and develop materials to support CSH's policy priorities and advocacy efforts, including policy briefs and summaries, action alerts and blog posts.
  • Assist CSH’s Federal Policy Director in operations and management of the National Supportive Housing Coalition.
  • Lead and represent CSH in meetings on Capitol Hill and with the Administration to advocate for CSH's policy priorities, includes assisting CSH offices in developing site visits and relevant    materials for congressional offices.
  • Conduct analysis of federal legislative and regulatory proposals/actions that related to supportive housing, affordable housing development, service funding and relevant programs.
  • Collaborate with CSH program leaders, development team and leadership to advance CSH’s policy priorities and strategic mission

Lead CSH’s state policy efforts to deepen our role as a Community Development Financial Institution (approximately 50%)

  • Lead CSH’s Qualified Allocation Plan (QAP) efforts, including updating CSH’s annual report, assisting Directors in providing comments on state draft QAPs, identify and pursue opportunities in key states to apply best practices and increased supportive housing prioritization and facilitating cross site sharing of best practices and innovations.
  • Prepare policy proposals to use CSH lending including CSH’s structured loan funds to create SH production pipelines connected to capital funding programs.
  • Maintain CSH’s annual supportive housing funding source survey and similar tools that help CSH staff advance policy recommendations; Help lending staff identify opportunities for using these tools to advance work.
  • Prepare project case studies that profile different types of projects that CSH lends to (different populations, development strategies, financing structures, etc.).
  • Participate in relevant national coalitions that CSH is a member of: including ACTION campaign, the CDFI Coalition, Opportunity Finance Network, the New Markets Tax Credits Lenders Coalition and others.
  • Participate in key housing finance & CDFI conferences.

Requirements:

  • Bachelor’s degree; Master’s degree preferred. Additional experience may substitute for education.
  • Experience in the CDFI sector and/or affordable housing lending is preferred
  • Relevant experience in supportive/affordable housing development and/or housing operations, housing-based supportive services, underwriting and financial analysis, funding of low-income and affordable housing programs, or community development activities; experience in the supportive housing field is preferred. Experience as a developer is a plus. 
  • Extensive knowledge of the Low Income Housing Tax Credit program and other federally funded affordable housing financing programs. Experience with state/local funding programs in one or more states highly desired. 
  • Demonstrated experienced managing staff in person and remotely desired; building high quality teams; building trusted relationships; setting and managing performance expectations; and a proven ability to present/train in the areas of real estate development and housing finance issues.
  • Demonstrated experience at managing multiple assignments effectively.
  • Candidates must be able to take initiative and pursue program goals with minimal supervision.
  • Familiarity with and/or interest in issues related to supportive housing including homelessness, low-income housing, finance, state and local policies, social service delivery, community development, mental illness, AIDS, harm reduction, etc.
  • Excellent verbal and written communication skills; Strong analytical, interpersonal, communication and presentation skills.  
  • Strong computer skills – including Microsoft Office – is required.

 

Compensation:

Commensurate with experience.

How to Apply:

Candidates should apply here. All applications must should attach their resume, cover letter and a writing sample.

CSH is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees, and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation.  CSH is also committed to a policy of affirmative action in the hiring of staff and encourages employment applications from people who are representative of the culturally and ethnically diverse communities CSH serves.

Associate Aeris Insight Inc.
Philadelphia, PA
Job Function: Finance
Posted: January 18, 2017

Background:

Aeris guides capital to good. Aeris (formerly known as CARS) is the information service for community investors who champion economic justice in underserved markets. Since 2004, the nation’s leading community investors have used Aeris’ data and ratings to support their community investing. Our clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more. 

Aeris ratings, data, and consulting provide a road map to understanding community investments, and help investors evaluate opportunities that meet their impact goals and risk parameters.

Position Summary:

The Associate will contribute to the success of Aeris Operations Team’s work with CDFIs, including playing an essential role in the Aeris rating process working with Aeris staff, analysts and rated institutions as well as helping support the Aeris Cloud, Aeris’ industry-first database of standardized CDFI performance data. Work is managed and performed in a standard production environment and process, with key success measures being quality, quantity, accuracy, timeliness, and team work. 

The Associate is required to be self-motivated in the management and performance of scheduled workloads, but should also be flexible to work in a team environment in response to changing business needs and priorities. He/she will be able to learn new skills, new content, and new ideas quickly and effectively. Prior experience reading and understanding the financial statements of financial institutions with lending activities is required.

Responsibilities:

  1. Play an essential role in the Aeris Rating process
    • Reviewing and verifying accuracy of collected data, calculated ratios and related tables and graphs
    • Prepare detailed financial and narrative report templates for Aeris Analysts.
    • Request and track document submission for all Aeris Rating Reports. Following up as necessary with CDFIs to ensure that all materials are submitted in timely fashion. 
  2. Prepare CDFI financial statements for the Aeris Cloud
    • Work with Aeris Operations team to understand CDFI financial presentation.
    • Prepare CDFI financial statements and performance metrics for Aeris analyses or quarterly reporting.
    • Working with CDFIs, proof and finalize quarterly financial statements and reported performance data.
    • Communicate with CDFIs and Analysts regarding clarification of materials submitted and requests for additional data.
  3. Aeris Cloud maintenance
    • Orient CDFIs to uploading data and supporting documentation to the Aeris Cloud.
    • Lead Webinar demonstrations of the Aeris Cloud for CDFIs, as requested.
    • :oad data and documents into appropriate “libraries” on the Aeris Cloud.
    • Work with CDFIs to set up their Aeris “library” and financial template on the Aeris Cloud.
    • Follow up with CDFIs as necessary to ensure timely upload of quarterly financial statements and performance data.
  4. Aeris Rating Committee
    • Schedule meetings and conference calls by coordinating and confirming attendance, arranging for the meeting dates/equipment/advance materials, etc.
    • Schedule ratings committee, coordinating analyst selection with the Director of Ratings.
    • Support ratings committees.
  5. Aeris document preparation
    • Proof and note corrections on draft Aeris reports during the layout process.
    • Prepare ratings certificates, ensuring that ratings are correctly represented before they are released to CDFIs.

Requirements:

  • Bachelor’s Degree and 2-4 years of professional experience is desired, preferably in financial services, or late career professionals from the financial services field
  • Strong financial and analytical experience required
  • Familiarity with nonprofit financial statements is preferred
  • Strong writing and communication experience required
  • Strong financial, market, and qualitative analysis skills
  • Strong ability to focus on detailed work for accuracy 
  • Superior professional interpersonal skills  
  • Ability to work constructively with diverse constituents 
  • Advanced Excel and Word skills
  • Ability to work in a timely manner, be self-motivated and take initiative for new projects 
  • Ability to work both independently and in a team environment is required
  • Ability to manage multiple tasks in an effective and efficient manner
  • Capacity and willingness to learn
  • Knowledge of and commitment to community development/investing
  • Job involves normal physical requirements for an office position EOE/ADA Compliant

 

Compensation:

Aeris offers a competitive salary and benefit package.

How to Apply:

To apply please email cover letter and resume to:

Search: Associate
Aeris Insight Inc.
Email: info@aerisinsight.com

VP of Lending Finance Fund
Columbus , OH
Job Function: Financial Services
Posted: January 17, 2017

Background:

Finance Fund is a statewide nonprofit financial intermediary whose clients include community-based nonprofit organizations and for-profit businesses serving low-income communities throughout Ohio. Finance Fund provides debt and equity to its clients through management of 28 entities totaling over $280 million. It engages in creative approaches that build bridges between capital markets and economically distressed communities.

Since 1987, Finance Fund has invested more than $336.2 million in small businesses, community facilities, health care centers, housing and commercial development projects throughout Ohio, leveraging more than $1.37 billion. This investment was accomplished through 3,019 awards to community-based organizations throughout the state. Partnerships have enabled low-income people access to 16,168 units of affordable housing, 25,928 direct jobs and 3,079 classrooms for 71,947 children.

FCAP made its first loan in 2006 and has leveraged $74.5 million on an investment of $27.5 million to 56 borrowers. FCAP has financed 148 housing units, created 658,251 sq. ft. of commercial space and helped provide services to 9,653 patients. In addition, partnerships have helped create and/or retain 2,536 direct jobs.

Position Summary:

Finance Fund is a statewide CDFI that is recruiting a VP of Lending. This is a senior level management position that will supervise the program staff and report directly to the CEO. This position will be responsible for identifying, acquiring, and expanding community development lending opportunities in target markets with a focus on providing loan financing and technical assistance to small businesses and nonprofit organizations. This individual will work closely with borrowers and key stakeholders to find solutions, and effectively manage the loan process from origination through closing. Underwriting and CDFI experience is required. Must be a strategic thinker with good analytical and management skills. 

Education and Related Work Experience: 

  • BS/BA required 
  • Minimum 8 years of lending experience required; formal credit training is a plus. 
  • Prior work-related experience and knowledge of community development lending, Small Business Administration (SBA) loans, New Market Tax Credits, as well as traditional and alternative loan programs is beneficial. 
  • Prior related work experience in the non-profit and/or public sectors preferred. 

If you know someone who might be interested in the position, please feel free to forward this e-mail to them.

Responsibilities:

This individual will work closely with borrowers and key stakeholders to find solutions, and effectively manage the loan process from origination through closing. Underwriting and CDFI experience is required. Must be a strategic thinker with good analytical and management skills.

Requirements:

Underwriting and CDFI experience is required. 

Must be a strategic thinker with good analytical and management skills. 

Education and Related Work Experience: 

  • BS/BA required 
  • Minimum 8 years of lending experience required; formal credit training is a plus. 
  • Prior work-related experience and knowledge of community development lending, Small Business Administration (SBA) loans, New Market Tax Credits, as well as traditional and alternative loan programs is beneficial. 
  • Prior related work experience in the non-profit and/or public sectors preferred. 

If you know someone who might be interested in the position, please feel free to forward this e-mail to them.

Compensation:

Negotiable

How to Apply:

If you wish to apply, please send your resume to sberry@financefund.org.

Please place VP of Lending in the subject line of your email.

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