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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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Loan Servicing Officer Capital Good Fund
Providence, RI
Job Function: Lending/Loan Operations
Posted: February 3, 2017

Background:

Capital Good Fund (Good Fund) is a social change organization whose mission is to provide equitable financial services that create pathways out of poverty. As a non-profit, U.S. Treasury-certified Community Development Financial Institution (CDFI), we offer low-income families one-on-one Financial & Health Coaching and personal loans of up to $20,000. Since our founding in 2009, we have financed nearly 1,500 loans totaling $1.8 million and graduated over 1,000 people through our Financial Coaching program.

 

Position Summary:

The Loan Servicing Officer’s role is to maximize the social impact and financial performance of our loan portfolio by working closely with our clients. Periodic check-ins are key to clients making the most of the services we offer, paying on-time and building credit. We emphasize a high quality of service while ensuring the long-term sustainability of our loan fund. The Loan Servicing Officer carries out our collections strategy while fully complying with federal and state regulations of debt collection.

Responsibilities:

The Loan Servicing Officer will perform a variety of duties, including:

  • Service loan accounts and work with existing clients to meet goals
  • Check in with clients to survey changes in family, finance, and health
  • Improve the collections process and add to the organization’s best practices in  debt collection
  • Report on collections activities, social impact and financial performance as needed

 

Requirements:

We are looking for exceptional people. Capital Good Fund employees are passionate, motivated and committed to using financial services to transform the lives of people living in poverty.

You must:

  • Possess excellent communication skills in English and Spanish
  • Be able to empathize with people of different backgrounds
  • Be detail and process oriented and extremely responsible
  • Thrive in a start-up environment and learn quickly
  • Be able to work independently as a self-starter
  • Be responsible and proactive in addressing issues
  • Possess previous Customer Service experience

Preferred Skills and Background

  • Experience in, or understanding of, financial services and consumer debt and credit
  • Experience working in low-income/distressed communities
  • Knowledge of applicable laws and regulations where applicable (FACTA, FDCPA, etc.)
  • Bachelor’s degree or equivalent

Training, and Compensation

The Loan Servicing Officer will receive extensive training on all of Good Fund’s systems and loan products. Additionally, the Loan Servicing Officer will be trained on how to read a credit report, review bank statements, and comply with relevant federal and state regulation. 
 
This is a full-time, forty-hour-per-week position. The Loan Servicing Officer will earn an annual base salary of $36,092.28, and five years of relevant experience will raise the base salary to $39,692.28. In addition, the Loan Servicing Officer will receive a competitive benefits package that includes a bus pass, medical and dental insurance, a 401(k) retirement plan, fifteen days paid vacation, and five days paid sick leave in the first year on staff.

 

Compensation:

$36,000 to $39,000

How to Apply:

Please send a one-page cover letter and accompanying résumé to jobs@capitalgoodfund.org. Please address the following in your cover letter:

  • What is the most challenging aspect of collections work?
  • Why do you want to work for Capital Good Fund? What interests you the most about this position?

Senior Credit and Portfolio Manager Neighborhood Lending Partners
Tampa, FL
Job Function: Credit
Posted: February 2, 2017

Background:

Neighborhood Lending Partners, founded in 1993, is a non-profit lending consortium, certified as a CDFI, established to facilitate private and public investment for community revitalization and neighborhood preservation. NLP offers flexible financing throughout the State of Florida to create housing to serve low-income populations, and provides economic development loans and small business loans in low-income, underserved, and minority communities.

Position Summary:

Responsible for the development and maintenance of all credit and lending policies and procedures. Maintains oversight and supervision of all credit and underwriting staff. Reviews all new loan requests, modifications and loan extensions to evaluate the feasibility and adequacy of proposed loan structure. Prepares underwriting packages which  includes preparing application packages, preparing, term sheets, letters of interest, and commitment letters for new loan requests. Provides ongoing credit risk monitoring to advise the President, Sr. Lender, Loan Committee and Member Banks including quarterly loan activity, loan status updates and annual loan reviews on all outstanding loans.

Responsibilities:

Credit Underwriting

  • Reviews new loan requests as recommended by the Senior Lender to assist in evaluating the feasibility and proposed loan structure
  • Prepares the Credit Approval package and all phases of underwriting loan transactions.
  • Prepares and reviews underwriting for local government subsidies.
  • Reviews Conditions of Approval and participates with the Loan Administration Manager in reviewing loan closing checklists to ensure all the requirements are incorporated in the loan closing   documentation.

Portfolio Management and Credit Quality Analysis

  • Responsible for the preparation of loan status updates, Classified Loan Asset Report, and Annual Loan Reviews, and makes recommendations for loan grade classifications.
  • Provides ongoing risk monitoring to advise the Senior Lender, President, Loan Committee and Member Banks relative to the loan portfolio, new loan requests, loan renewals, extensions and/or modifications.
  • Responsible for the preparation and presentation of an annual portfolio assessment for review by the Senior Lender, President, Loan Committee and Bank Members

Business Development

  • Participates in joint client calls and prospect calling with Senior Lender and/or President
  • Participates in community outreach activities with local governments and non-profit organizations that service the needs of the low income residents in the market.
  • Participates in development and expansion of Bank Membership by assisting in calls on prospective bank members with the President, Senior Lender or Members of NLP’s Board of Directors
  • Reviews and approves all meeting packages prior to submission to the Loan Committee, Member Meetings and other special meetings.
  • Must be active in the community with participation in the non-profit sector.

 

Requirements:

  • 5+ years experience in commercial Real Estate Lending and Real Estate Underwriting
  • 3-5 years experience in underwriting and lending to small businesses
  • 3-5 years experience in underwriting or financing of multi-family and single-family construction and permanent loans
  • Experience in Community Development Finance and subsidy layering
  • Calling experience in Commercial and Small Business Lending
  • Excellent verbal and written communication skills
  • Excellent interpersonal skills
  • Must be detail-oriented

 

Compensation:

Compensation will be commiserate with experience.

How to Apply:

Please email cover letter and resume to crivas@nlp-inc.com

Senior Director for External Affairs and Advocacy Primary Care Development Corporation
New York, NY
Job Function: Advocacy/Policy
Posted: February 2, 2017

Background:

Primary Care Development Corporation (PCDC):  Catalyzing Excellence in Primary Care (http://pcdc.org/).

Quality primary care is transformative and a cornerstone of healthy, thriving communities. PCDC catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity.  PCDC is a national community development financial institution (CDFI), with a 24 year history of investing in communities and providing technical assistance to improve health care and the health of the community. PCDC works with primary care providers, policymakers, industry leaders, and other advocates to advance polices that increase access to quality primary care, enabling it to more successfully improve health outcomes, reduce costs and improve health equity. Our key policy priorities include strengthening the primary care delivery system, expanding and sustaining primary care investment and supporting healthy communities.  

Primary Care Development Corporation is an equal opportunity employer.

Position Summary:

PCDC is seeking an executive-level Senior Director for External Affairs and Advocacy to provide leadership and strategic perspective to PCDC in the areas of external affairs, advocacy, and communications. This is a varied, fast-paced career opportunity that will lead PCDC to have a strong and vibrant primary care and community development presence locally, regionally and nationally. This position will lead all communications, website and external affairs in collaboration with PCDC’s senior leadership and other staff; identify, develop, prioritize and execute strategies to reach and engage key target audiences including policy makers and influencers, government officials, corporate leaders, and others; shape messages in support of PCDC’s strategic goals; and establish plans, goals, metrics and assessment tools to evaluate success of strategic communications and external affairs activities.

This position will report directly to the CEO, and will manage a team of 4, including a Director of Communications.

Responsibilities:

  • Lead efforts to identify policy, advocacy and communication priorities and facilitate decision making, develop strategy and execute in a timely and effective manner.
  • Direct strategies and activities that support PCDC’s business objectives and policy initiatives, promote PCDC’s visibility, build a strong company image, and increase public awareness of company’s commitment to the primary care and community development sector.  Lead message development, media relations and branding efforts. 
  • Establish, build and maintain strong relationships and partnerships with elected officials, community leaders, not-for-profit organizations, corporate partners, and other external constituencies. 
  • Directly lobby, and serve as organization’s chief point of contact with federal, state and local elected and appointed officials, particularly with respect to legislative and executive budgetary processes.
  • Engage in proactive outreach by identifying key opportunities, writing and editing news releases, press advisories, fact sheets, backgrounders, “pitches” to media, and providing information in a variety of formats for PCDC’s website and social media outlets.
  • Oversee the development, distribution and maintenance of all print and electronic collateral including but not limited to PCDC’s website, social media outlets, newsletters, brochures, and reports.   Plan for and facilitate earned media and social media coverage of PCDC’s initiatives and activities.
  • Serve as a key member of PCDC’s senior management team, participating in the development and implementation of policies, strategy, short- and long-term planning, and financial and operational goals and objectives; Work closely with senior managers to ensure the flow of relevant information and encourage effective coordination between and among teams.  
  • Work with colleagues to plan and coordinate PCDC’s participation in public forums, among national coalition partners, at conferences, and in the media; engage consistently with a range of external audiences to promote PCDC’s agenda.
  • Lead in a fiscally sound manner; develop organizational budgets in tandem with the Finance team; approve and monitor program expenses. Track and evaluate policy, advocacy and communications and activities.
  • Supervise, mentor and evaluate staff, consultants and interns. 

 

Requirements:

  • 7+ years of relevant work experience, preferably with public health, primary care and/or community development focus
  • Experience with legislative budgetary processes, preferably in New York City and/or New York State
  • Masters’ in Public Health or Policy, or Business Administration preferred
  • Superb relationship-building skills
  • Excellent verbal, written and presentation communications skills and a demonstrated ability to apply these skills to the development of effective communications and external affairs strategy
  • Demonstrated ability to pay persistent attention to detail, while maintaining an overall view/long term vision
  • Supervisory experience, with demonstrated ability to delegate, provide direction, and oversee others’ work
  • Substantial knowledge about key social media platforms
  • Other key skills include:  Diplomatic; able to work in a fast-paced environment with a wide variety of staff, board members and external partners; self-starter; excellent research abilities; able to work independently and in teams.  
  • Proficiency in Microsoft Office, including PowerPoint, Outlook and Word.
  • WordPress expertise strongly preferred.

 

Compensation:

We offer a competitive salary and comprehensive benefits package.

How to Apply:

For immediate consideration, please email your cover letter, resume and salary requirements to: employment@pcdc.org with “Senior Director for External Affairs & Advocacy" in the subject line.

Executive Director Rural Community Assistance Partnership
Washington, DC
Job Function: Relationship Management
Posted: February 2, 2017

Background:

The Rural Community Assistance Partnership (RCAP) seeks an experienced and politically savvy Executive Director who is a passionate advocate for rural communities, and has a strong track record of leading organizations through transitions. RCAP is looking for a strategic leader that can build on the organization’s excellent track record of delivering high quality services, information, and resources to rural communities.   

The Organization

Founded in 1973, RCAP is a nonprofit service delivery network comprised of a national office in Washington, DC and six regional partners. RCAP secures funding from federal agencies and passes the majority of that funding through to network organizations. The national office provides technical assistance, training and financial resources to network organizations, who in turn hire field staff to provide hands on technical assistance and training to rural communities.  RCAP’s work has focused primarily on water, wastewater and solid waste utilities serving low-income communities with populations of less than 2,500 residents and in the last several years, programs to assist private water well owners.  RCAP network organizations include: Communities Unlimited, Great Lakes RCAP, Midwest Assistance Program, RCAP Solutions, Rural Community Assistance Corporation, and Southeast Rural Community Assistance Corporation.  While the work of RCAP network organizations addresses a broader set of community and economic development issues, the national office has remained focused on issues related to water, waste water and solid waste in rural communities. 

RCAP engages in the following activities

Securing and managing federal grants – RCAP staff write proposals and secure funding from federal agencies, primarily the Environmental Protection Agency, the U.S. Departments of Agriculture and Health and Human Services. The vast majority of this funding is passed through to network organizations and other sub-grantees. The national office is responsible for insuring that all sub-grantees meet grant requirements and provide RCAP with the data needed to submit required reports. 
Education, training and technical assistance – The national office is responsible for organizing an annual conference for network members and staff, and providing training to network staff. Training materials, including manuals or guides as well as comprehensive educational presentations and videos, are prepared and/or overseen by national office staff.

 
Advocacy on behalf of rural communities and network organizations – RCAP staff and a contract lobbying firm work to advance the issues important to rural communities and network organizations. RCAP staff organize an annual fly-in to share information about rural communities with key constituencies on Capitol Hill.  
RCAP is governed by a 12-member Board that includes the leaders of each regional network organization as well as six at-large members. The Board meets quarterly. Board members are located throughout the United States. The national staff consists of eight people, only four of whom are full time. Lobbying, accounting, and IT services are provided on a contractual basis. 

RCAP’s FY16 budget is approximately $10.4 million, including more than $9 million that was passed through to regional network organizations. Funding comes primarily from federal grants from the U.S. Department of Agriculture, the Environmental Protection Agency, and the Department of Health and Human Services. RCAP has had a clean audit for the past 11 years. RCAP is searching for a new leader because the incumbent is leaving after 11 years to move back to Texas. For more information visit RCAP.org.

Position Summary:

Reporting to the Board, the Executive Director provides national leadership to the network, represents and speaks on behalf of the network and rural communities in national forums, and manages the day-to-day operations of the staff and office. The Executive Director should be a strong leader who is able to develop and implement a change agenda, is passionate about rural communities, detail oriented, and experienced in securing and managing federal grants. The position is located in Washington, DC. 

 

Responsibilities:

  • Work with the Board to set the strategic direction of the organization, including an assessment of whether RCAP should expand to address the needs of rural communities more comprehensively.
  • Oversee the day-to-day operations and ensure that the RCAP team at the national office remains strong, especially in light of the planned retirement of several key members of the RCAP staff.
  • Maintain and build relationships with key federal funders and insure that RCAP continues to comply with grant requirements and deliver high quality services. 
  • Maintain, strengthen and further develop close working relationships with organizations that have similar missions related to rural communities, water and wastewater utilities, environmental protection, and rural economic development.  
  • Monitor legislation and regulations that impact rural communities, especially in the areas of water, waste water, and solid waste. 
  • Develop and implement a funding strategy that diversifies organizational funding sources and reduces the organization’s reliance on federal funding. 
  • Support the work of the network partners to further diversify their programs and funding sources.
  • Support the Board in its governance role and foster its ongoing development.
  • Support network members in meeting their contractual obligations and promote the use of best practices in the provision of services to rural communities. 
  • Work with the Communications Director to raise the organization’s profile and enhance consistency across the network with the RCAP brand.
  • Insure that RCAP provides a work environment that supports the highest performance of staff by updating internal operations, personnel policies and staff compensation. 

 

Requirements:

Ideal candidates for this position will be knowledgeable and passionate about providing services to rural communities, experienced in setting a strategic direction, and strong managers. Other qualifications include:

  • Highly skilled and diplomatic consensus builder who can help anticipate and develop policy positions in a rapidly changing regulatory environment. 
  • Proven networker with exceptional interpersonal skills and the ability to develop and understand complex relationships that involve a diverse group of stakeholders.
  • A sophisticated understanding of the legislative process and federal agencies, including knowledge of Congress, the Environmental Protection Agency, and the U.S. Department of Agriculture. 
  • 10 years of senior leadership experience, preferably in a networked, affiliated, or membership organization.
  • A strong track record of motivating and supporting staff. 
  • Excellent and persuasive communication skills, including the ability to make frequent public presentations, and an appreciation for social media.
  • Demonstrated experience with fiscal management, budgeting, and operations.
  • Ability to draft, negotiate and manage multiple sub-agreements with multiple sub-grantees.
  • Experience with meeting OMB requirements regarding grant awards and subcontracting is preferred.  
  • Ability to navigate the unique RCAP governance structure.  
  • Bachelor’s degree required.
  • Ability to travel domestically.  

Compensation:

Salary will be commensurate with experience.

How to Apply:

To apply, e-mail resume, cover letter and salary requirements to:  RCAP@raffa.com  (e-mail applications are required and will only be accepted at this email address).  

RCAP has hired Raffa to assist with the executive search and transition.  If you have questions about the search, please contact: James Sunshine at jsunshine@raffa.com.  

RCAP is an equal opportunity employer. Applications from women and persons of color are encouraged. Resume reviews begin immediately.

Director of Lending and Operations Women's Opportunities Resources Center (WORC)
Philadelphia, PA
Job Function: Lending/Loan Operations
Posted: February 1, 2017

Background:

The Women’s Opportunities Resource Center (WORC) is a nationally-recognized not-for-profit organization headquartered in Philadelphia. WORC promotes social and economic self-sufficiency primarily for women, minorities, and dislocated workers. WORC and its subsidiary company, the Economic Opportunities Fund (EOF), are certified CDFI’s which provides a wide range of financial products (micro-loans from $1,000 to $50,000). Our loan fund is capitalized at $1.2 million. To date, we have made a total of 568 direct loans totaling over $2.4 million. In addition, we have packaged 45 loans totaling more than $1.1 million as an intermediary for the SBA Pre-qualification Program. WORC is an SBA microlender and recently received a highly competitive CDFI grant and was one of ten organizations nationwide to receive the ORR Microenterprise grant for Microlending and training with refugees.

Position Summary:

WORC’s goal is to expand its market base and increase its loan volume and capital deployed. We are looking for a professional Director of Lending and Operations that is committed to meeting the needs of this under-served market, has demonstrated experience scaling a micro-enterprise organization and is comfortable with providing services to a diverse population, including refugees and immigrants.  

This position has a dual responsibility that includes leading our lending program and providing operational leadership across the organization. A strong background in micro and small business financing and organizational leadership is required. Experience in Consumer Finance is a plus. Must be comfortable with use of technology platforms. Management experience. BS/BA in business administration, community development, or in a related field. Master’s degree preferred. Minimum of 7+ years’ experience.

Responsibilities:

  • Manages and grows the Direct Lending Program including staff and consultant supervision, program marketing, new product development, portfolio performance, asset/liability management, financial projections and assumptions, underwriting, loan servicing, collections, community partnerships and program evaluation. 
  • Provide strong operational leadership for the organization including organizational and job design, employee management and service assessment and improvement.
  • Responsible for loan portfolio quality and performance. Ensures compliance with portfolio standards e.g. that PAR 30 day + is less than 12% and annual write-off below 9%.  Implements and monitors credit risk program including risk rating as well as identifying, measuring, controlling, monitoring the risks with periodic reporting to senior management and Board. 
  • Coordinates and plans the Advisory Council and Loan Committee meetings by setting the agenda, preparing reports and documents, and conducting the meetings
  • Oversees Training and Business Assistance services to ensure quality service and compliance with contract goals.
  • Responsible for grant compliance and reports as needed for funders, Advisory Council or Board of Directors.
  • Member of senior management team - develops and implements EOF business plan/marketing plan.  
  • Fundraising and capitalization - writes grants and secures funding and assists with implementing WORC’s overall fundraising strategy.
  • Performs other related duties as required.

Requirements:

  • A strong background in micro and small business financing and organizational leadership is required.
  • Experience in Consumer Finance is a plus. Must be comfortable with use of technology platforms.
  • Management experience. BS/BA in business administration, community development, or in a related field.
  • Master’s degree preferred.
  • Minimum of 7+ years’ experience.

Compensation:

Salary is competitive based on experience and applicable skills. Benefits include: vacation, paid holidays, health insurance and pension plan. WORC is an equal opportunity employer and the board and staff value diversity in all aspects of employment.

How to Apply:

FOR MORE INFORMATION PLEASE CONTACT: 

Glenn Manko, WORC Search Consultant
Resumes can be sent directly to: glennmanko@gmail.com
Direct Dial: 267.254.0224

*No Third Party Applicants will be considered

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.

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

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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