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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.

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Community Investment Analyst II Federal Home Loan Bank of San Francisco
San Francisco, CA
Job Function: Lending/Loan Operations
Posted: December 28, 2016

Background:

The Federal Home Loan Bank of San Francisco helps meet the borrowing needs of communities by providing wholesale credit products and services to member financial institutions. The Bank is privately owned by its members, which include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. We are part of a network of 11 regional Federal Home Loan Banks chartered by Congress in 1932 to provide low-cost credit to residential housing lenders. 

We make credit available so local financial institutions can make home mortgage, commercial real estate, small business, and other loans. We also support affordable housing and economic development through partnerships with local communities. As part of this effort, we contribute 10% of our income to the Affordable Housing Program, which provides grants to create affordable housing for lower-income households.

Position Summary:

Consults with and provides expertise on community investment products and compliance issues to Bank management, the Bank’s members, prospective members, the FHLBank System, and community partners in support of the Affordable Housing Program (“AHP”) and the Community Lending Plan.

Responsibilities:

AHP Project Support

  • Handles all matters related to approved AHP projects including pre-disbursement reviews, modifications, determination of ongoing viability, and other responsibilities as needed. By providing knowledgeable assistance, supports members and project sponsors in their efforts to use the program to the best advantage of their projects.
  • Scores, evaluates, determines eligibility, financial feasibility and need for subsidy of applications submitted in the competitive rounds.

Technical Assistance and Outreach

  • Provides knowledgeable assistance to members and project sponsors. Actively represents the Bank at meetings, public speaking engagements, and community-sponsored events. Assists in planning and participates in Bank-sponsored workshops, webinars, conferences, or other events.
  • Assists in the production of various Bank publications such as brochures related to training workshops, product profiles for AHP products, the Affordable Housing Advisory Council’s annual report, and the Bank’s newsletter on community investment.

Special Projects

  • Assists the Bank in achieving its mission-related goals, including research into potential community investment programs, program design, and work related to fulfilling the Bank’s Community Lending Plan initiatives. Coordinates and prioritizes the steps needed to achieve specified results. Presents and recommends program ideas and research findings to senior management and/or the Advisory Counsel of the Board of Directors.

Requirements:

  • Bachelor’s Degree in Business Administration, Finance, a related field or equivalent education required.
  • Minimum four years experience in community investment lending, affordable housing finance, or loan processing within a financial institution or affordable housing nonprofit preferred. Familiarity with AHP regulations, established guidelines, policies and procedures desired.
  • Demonstrated project management skills including the ability to take initiative in a fast paced work environment, work effectively under pressure, either independently or as a member of a team and able to interface with all levels of customers both internal and external.
  • Demonstrated knowledge of Affordable Housing and Community Investment regulations and policy; public and private financing sources available, the Low-income Housing Tax Credit
  • Program, mortgage revenue bond programs, Section 8 Certificates, other public grant programs, the Community Reinvestment Act, and the Home Mortgage Disclosure Act preferred.
  • Knowledge of Finance and financing structures preferred.
  • Understanding of how member banks use advances to support affordable housing preferred.
  • Familiarity with loan documentation required.
  • Ability to analyze sources and use tables, operating and development budgets, statements of cash flow required.
  • Understanding of the basics of retention and recapture mechanisms (subordination arrangements, silent second notes, and lien positions) required.
  • Ability to operate PC-based software and/or automated database systems required.
  • Excellent presentation, verbal and written communication skills and strong analytical and problem solving skills desired.
  • Ability to analyze, apply, interpret, and communicate policies, procedures and regulations effectively preferred.
  • Demonstrated ability to take initiative in a fast-paced work environment, work effectively under pressure, either independently or as a member of a team, and to interface with all levels of customers, both internal and external.

Compensation:

  • Competitive salary and discretionary bonus
  • Excellent health benefits including medical, dental, vision, wellness reimbursement, FSA & transportation tax savings, technology device incentives, -401K
  • Vacation, sick and bank holidays paid time off
  • Convenient location in the heart of downtown SF, close to public transportation
  • Excellent work environment, friendly & professional culture.

How to Apply:

To apply, please go here.

The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.

Community Outreach Relationship Manager First Republic Bank
Los Angeles, CA
Job Function: Business Development
Posted: December 28, 2016

Background:

Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Palm Beach, Boston, Greenwich, and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans.

Furthermore, we are committed to developing deeper partnerships with nonprofits across affordable housing, the arts, education and economic development. 

In supporting our communities, we hope to encourage more dialogue around giving, to spark fresh ideas about how our financial resources and our hours can change people’s lives for the better, and to be more aware of what nonprofits really need. 

We believe that donating time, money and knowledge to those who are best placed to make a difference to the lives of many is the right thing to do. 

It truly is a privilege to serve our communities.

Position Summary:

We are seeking a highly qualified credit-trained Community Outreach Relationship Manager who has a proven track record of CRA-qualified HMDA lending in the Los Angeles market.

Responsibilities:

The Relationship Manager will be responsible for developing client relationships, primarily through the generation of low to moderate income single and multi-family Residential Mortgages. The individual will acquire clients and build relationships by providing superior client service to achieve financial objectives.

Requirements:

Qualifications include a bachelor’s degree plus a minimum of five years CRA-qualified HMDA lending experience with proven credit skills. This is a position for a self-starter motivated by contributing to the community through competitive residential mortgage products with exceptional customer service.

Compensation:

Compensation with this opportunity will be commensurate with experience and structured as base plus bonus

How to Apply:

Please email Sean Curran directly at Scurran@firstrepublic.com

Senior Program Associate – New Markets Tax Credit TruFund Financial Services, Inc
New York, NY
Job Function: Investment
Posted: December 22, 2016

Background:

TruFund Financial Services, Inc. (“TruFund”) is a is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund. Headquartered in New York City, our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. As a not-for-profit, mission-driven entity, we offer access to affordable loan capital and business development services to small businesses and not-for-profit organizations that are financially viable but have difficulty accessing affordable capital from banks or other conventional lenders. We also have field offices in Louisiana (New Orleans and Baton Rouge) and Alabama (Birmingham).

Position Summary:

Support the Director of NMTC Program with managing exitsting portfolio, applying for future allocations; closing new deals.

Responsibilities:

Primary Job Functions:

  • Develop and maintain New Markets Tax Credits program expertise, including knowledge of applicable rules, regulations and guidance.
  • Work with Director of NMTC Program to maintain key relationships with investors, community development entities, government agencies, and other strategic partner organizations.
  • Prepare and distribute loan invoices, monitor and record receipt and amount of payments, and make periodic investor distributions.
  • Review and process invoices for payment, and ensure payment of asset management fees.
  • Maintain monthly bank account transaction and receivables reports.
  • Collect and upload to portal bank statements for parent CDE and sub-CDE accounts and review account activity on a monthly basis.
  • Maintain detailed NMTC contacts and deliverables tracker, as well as all compliance-related files and tools.
  • Coordinate timely and accurate preparation of financial statements, audits and tax returns by the accountant and auditor.
  • Interact with borrowers, project representatives, and community stakeholders to collect and manage required reports and community and economic impact data. refine measurement and tracking of impact data.
  • Perform loan monitoring responsibilities, including review of construction loan disbursement requests, collection and review of reports and certifications, completion of site visits, financial analysis of borrower and risk ratings, and analysis of overall portfolio quality.
  • Maintain portfolio statistics and consistency of data points for internal and external reporting.
  • Assist with the preparation and submission of reports to management, the board of directors, the advisory board, investors, government agencies and the CDFI Fund.
  • Coordinate NMTC unwinds, including flow of funds.
  • Creates work plan for and manages submission process for NMTC applications for obtaining additional allocations of New Markets Tax Credit, and provides support for application including data research and preparation and review of attachments.

Requirements:

Education and Related Work Experience:

  • Bachelor’s degree or equivalent combination of education and experience.
  • 3-5 years of work experience, preferably in the field of financial services, including at least one year of NMTC work experience.
  • Knowledge of NMTC program rules and regulations.
  • An organized and meticulous approach to one’s work.
  • Strong time management, multi-tasking and organizational abilities, and ability to coordinate and prioritize among conflicting demands and deadlines.
  • Excellent Microsoft Excel skills required in addition to proficiency with other Microsoft Office applications.

Specialized Knowledge/Beneficial Skills and Experience:

  • Experience reading legal agreements and documents.
  • Familiarity with real estate and financing terminology and related concepts.

Compensation:

TruFund offers a competitive salary based on experience and skills, as well as an excellent benefits package including health, disability, and life insurance, 401(k) savings plan, and paid time off.

 

How to Apply:

Please email your resume and cover letter with salary requirements in MS Word format to: trufundjobs@trufund.org

Place “Sr Program Associate-NMTC 004-16” in the subject line of the e-mail.

We appreciate all responses, but due to the high volume of resumes usually received, we only contact those applicants whose qualifications best match the position requirements.

TruFund Financial Services is proud to be an Equal Opportunity Employer.

Loan Officer TruFund Financial Services Inc
New York, NY
Job Function: Lending/Loan Operations
Posted: December 22, 2016

Background:

TruFund Financial Services, Inc. (“TruFund”) is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund. Headquartered in New York City, our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. As a not-for-profit, mission-driven entity, we offer access to affordable loan capital and business development services to small businesses and not-for-profit organizations that are financially viable but have difficulty accessing affordable capital from banks or other conventional lenders. We also have field offices in Louisiana (New Orleans and Baton Rouge) and Alabama (Birmingham).

Position Summary:

The Loan Officer is 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.   The Loan Officer will work closely with borrowers and key stakeholders to find solutions, and effectively manages the loan process from origination through booking, and will continue to actively manage the borrower relationship throughout the term of the loan. The Loan Officer will analyze, structure, and negotiate credit requests.

Responsibilities:

Primary Job Functions:

  • Marketing/Outreach
  • Cultivates new lending opportunities in target underserved markets.
  • Responds to referrals (internal and external) in a timely, professional manner.
  • Promotes TruFund’s loan services and products and technical assistance resources to prospective borrowers, community organizations, banks and government agencies to enhance its reputation.
  • Promotes a positive attitude and team approach to customer relationships.
  • Participates in activities that promote community development lending activities.
  • Participates in special projects designated by the Managing Director and other senior managers.

Loan Origination

  • Gathers personal information about clients and businesses to ensure that an informed decision is made regarding the creditworthiness of the borrower and the probability of repayment.
  • Analyzes and verifies borrower loan application to determine his or her creditworthiness.
  • Provides guidance to prospective borrowers who have problems qualifying for traditional loans.
  • Determines the most appropriate type of loan for a particular borrower, and explains specific requirements and restrictions associated with the loan. Some of the functions of a loan counselor may also be performed by the Loan Officer.
  • Responds to client requests in a timely, professional manner within 48 hours. Meets performance goals on a quarterly basis – weekly goal for completed loan applications may exceed $100,000.

Underwriting

  • Reviews submitted loan application file to analyze, interpret and evaluate financial information and loan documentation to assess borrower capacity, cash flows, character, collateral and condition to honor his or her obligations.
  • Conducts a comprehensive industry and financial analysis and risk assessment and to determine appropriate loan terms and repayment schedule.
  • Packages loans and submit to Credit department for review and approval.
  • Insures that approval of new loan requests comply with loan underwriting, product and program policies and procedures.

Client Relationship Management

  • Guides borrowers through the application process by proactively reaching out to the prospective borrower, obtain basic information about the purpose of the loan and explain the different types of loans and credit terms that are available to the applicant.
  • Answers questions about the process and assist borrowers in filling out the application if necessary.
  • Works closely with loan collections staff to contact borrowers with delinquent loan accounts to help them find a method of repayment in order to avoid their defaulting on the loan.
  • Understands, adopts, and adheres to organizational policies, procedures and guidelines.

Requirements:

  • BS/BA required
  • Minimum 3 – 5 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.

Knowledge, skills and abilities:

  • Strong financial skills and ability to develop and interpret financial statements applied to business accounting and finance principles are required.
  • Superior analytical skills are required.
  • A working knowledge of Small Business Administration (SBA) Loan Programs, Policies and Procedures as well as traditional and alternative Loan Programs is beneficial.
  • Must be proficient in Windows based software.
  • Must possess the ability to meet performance goals.
  • A working knowledge of New Markets Tax Credit lending is a plus.
  • Knowledge of Long Island and other local markets including financial institutions, local government, and community organizations; and an understanding of local priorities, opportunities and challenges is preferred.
  • Bilingual (English/Spanish) a plus.

Compensation:

TruFund offers a competitive salary based on experience and skills, as well as an excellent benefits package including health, disability, and life insurance, 401(k) savings plan, and paid time off.

How to Apply:

Please email your resume and cover letter with salary requirements in MS Word format to trufundjobs@trufund.org. Resumes not accompanied by a cover letter will not be considered.

Place “Loan Officer 007-16” in the subject line of your e-mail.

We appreciate all responses, but due to the volume of applications we receive, we are not able to give status updates, but if you are invited for an interview, you will be contacted by a member of TruFund staff.

TruFund Financial Services is proud to be an Equal Opportunity Employer.

Manager of Business Services and Program Development TruFund Financial Services, Inc
New Orleans, LA
Job Function: Project Management
Posted: December 22, 2016

Background:

TruFund Financial Services, Inc. (“TruFund”) is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund. Headquartered in New York City, our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. As a not-for-profit, mission-driven entity, we offer access to affordable loan capital and business development services to small businesses and not-for-profit organizations that are financially viable but have difficulty accessing affordable capital from banks or other conventional lenders. We also have field offices in Louisiana (New Orleans and Baton Rouge) and Alabama (Birmingham).

Position Summary:

The Manager of Business Services and Program Development will implement and oversee the business assistance services for the Louisiana market. The manager is responsible for developing and maintaining relationships with private, local, regional, and state economic development leaders to provide linkages to funding and program opportunities. Maintain a measurement and reporting system that is effective at describing the outcomes of business services.

Responsibilities:

Management

  • Implement a continuum of business assistance services that create opportunities for more entrepreneurs, small businesses, and not-for-profits to utilize and maintain financing.
  • Tracks performance outcome data and prepares reports as required by funding partners and/or senior management.
  • Participates with managing director in cultivating business relationships with key agencies critical to the ongoing development of loan pipeline and deal referrals to enhance loan packaging and borrower remediation.

Training & Outreach

  • Designs, develops, and conducts trainings, panel discussions, and speaking engagements for audiences with a wide range of professional backgrounds.
  • Coordinates outreach and marketing efforts to solicit and promote training opportunities to businesses, employers, and other target audiences.
  • Assist in the content development for new workshops and revision of existing ones. Work collaboratively with the communication department and partners to develop and promote services.

Business Assistance

  • Coordinate an efficient and effective business assistance program.
  • Provide, when necessary, direct business assistance to small businesses.
  • Develop and manage relationships to establish a network of external business assistance providers that have capacity to provide specialized services.

Administrative Duties

  • Supervise sub-contractors to ensure a high level of customer service and that project deadlines are met.
  • Participate in proposal writing, budget management, and program management.

Requirements:

Education and Related Work Experience:

  • 5-7 years of extensive training and/or business assistance experience.
  • Demonstrate knowledge and previous experience in planning and conducting basic, intermediate and advanced training programs for diverse audiences.
  • 3-5 years of management experience, including supervision of staff.
  • Prior work experience working with and advising businesses and not-for-profit organization, preferred.
  • Small Business lending experience, desirable.
  • Experience working with MWBE, LMI businesses and not-for-profit organizations a plus.
  • Master’s degree in Business Administration or related field.

Knowledge, skills, and abilities:

  • Strong leadership and managerial skills.
  • Must be able to handle multiple projects and to prioritize effectively.
  • The ability to work as a team member as well as independently is required.
  • Excellent verbal and written communication skills; skilled in group facilitation and making oral presentations.
  • Proficiency in Microsoft Office Suite is required.
  • Previous experience in preparing proposals and in project coordination is required.
  • Must have demonstrated ability to establish and maintain effective relationships and partnerships with key stakeholders.
  • Knowledge of marketing, business planning, financial management, strategic planning and fundraising is preferred.
  • Team building and partnership development experience.
  • Understanding of strategic planning, budgets, marketing and research.
  • Must be able to travel as needed.

Compensation:

TruFund offers a competitive salary based on experience and skills, as well as an excellent benefits package including health, disability, and life insurance, 401(k) savings plan, and paid time off.

How to Apply:

Please email your resume and cover letter with salary requirements in MS Word format to the email address provided: trufundjobs@trufund.org.

Place "Manager of Business Services and Program Development 008-16" in the subject line of your e-mail.

We appreciate all responses, but due to the volume of applications we receive, we are not able to give status updates, but if you will be invited for an interview, you will be contacted by a member of TruFund staff.

TruFund Financial Services is proud to be an Equal Opportunity Employer.

Development Associate/Community Impact Analyst TruFund Financial Services, Inc
New York, NY
Job Function: Research and Analytics
Posted: December 22, 2016

Background:

TruFund Financial Services, Inc. (TruFund) is a national Community Development Financial Institution (CDFI) with offices in New York City; New Orleans and Baton Rouge, Louisiana; and Birmingham Alabama. TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on technical assistance and innovative solutions to small businesses, nonprofit organizations, real estate developers, and other CDFIs. In the largest single round in the history of the New Markets Tax Credit (NMTC) Program since its creation in 2001, TruFund Financial Services, Inc. was recently awarded $55 million to spur economic and community development in distressed and low-income communities.

Learn more about TruFund at www.trufund.org.

Position Summary:

The Development Associate / Community Impact Analyst will assist with grant research, grant writing and related administrative support to the Resource Development Department. Support continuous efforts to improve data accuracy and quality, including projects to strengthen how TruFund captures, stores, and uses data. He / She will also assist with monitoring / tracking of programs and services including reporting requirements, compliance, impact, program evaluations and grant expenditures.

This position will be located in our headquarters (in Manhattan, New York) and will report directly to the Resource Development Specialist. The Resource Development Specialist heads the department and reports directly to the President.

Responsibilities:

Essential Duties and Responsibilities: 70-80%

  • Supports the Resource Development Specialist with tasks related to the analysis, planning, implementation and evaluation of grant applications and related projects.
  • Supports the Resource Development Specialist with completing components of grant applications.
  • Assists with maintaining grant calendars and tracking grant submissions / awards.
  • Provide assistance with grant research, including research on potential new and existing funders, statistics for grant applications.
  • Collect, compile and analyze information for both internal and external grant reporting requirements. Ensure compliance for all grant requirements.
  • Prior grant writing and reporting experience preferred

Secondary Responsibilities: 20-30%

  • Conduct research on new and existing initiatives to determine impact and ultimate outcomes of TruFund’s programmatic work and lending activities.
  • The Development Associate / Community Impact Analyst will also collect, analyze and research new and existing initiatives and trends in best practices in the field of community economic development.
  • Donor Relations: Assist the Resource Development Specialist and Director of Communications with the expansion of TruFund’s Individual Donor program. This includes:
  • Gathering success stories and key impact data to use in media presentations
  • Special event support and assisting with the Giving Tuesday / Annual Campaign (tracking donations in a database or spreadsheet and follow-up communications).

Requirements:

Research and Resource Development skills :

  • Understanding of local, state, and federal government grant sources; national, regional, and local private foundations; and philanthropic departments of financial institutions and other corporations– and/or willingness to learn these processes.
  • Utilizes research and analytical skills for data collection, data mining, and analysis in an effort to inquire, examine, find or review facts using relevant knowledge.
  • Extreme curiosity about, and ability to collect, manage, track, monitor, and incorporate into grant proposals, grant reporting, and external communications.
  • "Internal data": TruFund lending activity data, other quantitative and qualitative outputs and outcomes measurement, program success stories, interdepartmental information such as budgets and other financials, strategic plans, historical funding and reporting activity, and
  • "External" trends: best practices among CDFIs and other non-profits that support small businesses, initiatives that funders are spearheading or following, new and existing publicly available socio-economic "raw" demographic data (poverty, income, business ownership, unemployment, etc.) from sources such as the US Census Bureau.
  • Ability to quickly establish familiarity with the socioeconomic, business, and public/private landscape of localities and regions that TruFund serves through the review of regional and local economic development plans and strategies, conversations with TruFund market directors and board members, monitoring of activities partner organizations, stakeholders, and funders who work in/target these areas, and other industry/mission-related internet news sources and ListServs.
  • Ability to succinctly summarize relevant points of data for incorporation into grant proposals, grants reporting, and fundraising and program planning strategy meetings.

Technology Skills:

  • Ability to use databases, pull reports, and create /manage/present spreadsheets
  • Strong knowledge of computer programs and online document sharing programs
  • Familiarity with scheduling/planning software (such as Outlook, Salesforce, or Ecivis) or other innovative tools for managing grant submission deadlines and external reporting deadlines
  • Ability to maintain databases and/or spreadsheets of critical contact lists of stakeholders (sponsors, funders, donors, etc.)
  • Prior experience with Customer Relationship Management ("CRM") software, particularly Salesforce (a plus, but not required)
  • Prior experience with grant research databases (such as Ecivis, Grantstation, Foundation Center Directory, Grants.gov) a plus, but not required
  • Familiarity with online mapping/data research tools such as US Census, and GIS to visualize, question, analyze, and interpret data to understand relationships, patterns, and trends (a plus, but not required)

Professional Skills:

  • Demonstrated project management experience: Ability to motivate colleagues serving at all organizational levels to prioritize and meet deadlines for timely submission of comprehensive grant proposals and funders' reports
  • Ability to work independently, take initiative, follow-through and solve problems
  • Ability to deal with ambiguity in a diverse work environment
  • Extremely resourceful – and willingness to manage identified resources for use by the entire organization
  • Ability to organize information and pay extremely close attention to detail
  • Excellent verbal and written communication skills. Strong drafting and editing skills
  • Ability to build and maintain relationships and interact effectively with senior level administrators and support staff in each TruFund market (NY, LA, AL) via e-mail, webinars, phone conferences and in-person meetings
  • Experience handling highly sensitive and confidential business matters required

Education/Experience:

  • Bachelor’s degree required from 4-year College or University. Preferred majors: economics, community / urban planning, finance, journalism, public policy, or similar field. Banking, finance or community development experience and/or experience with government reporting a plus.

Compensation:

TruFund offers a competitive salary based on experience and skills, as well as an excellent benefits package including health, disability, and life insurance, 401(k) savings plan, and paid time off.

How to Apply:

To apply: Please forward your resume, cover letter, two writing samples, and salary requirements in MS Word or Adobe pdf format to the email address provided: trufundjobs@trufund.org.

Place "Development Associate/Community Impact Analyst 009-16" in the subject line of your e-mail.

We appreciate all responses, but due to the volume of applications we receive, we are not able to give status updates, but if you are invited for an interview, you will be contacted by a member of TruFund staff.

TruFund Financial Services is proud to be an Equal Opportunity Employer.

Business Development Officer Self-Help
Durham, NC
Job Function: Business Development
Posted: December 19, 2016

Background:

Self-Help is a leading national community development financial institution (CDFI) headquartered in Durham, NC. Founded in 1980, Self-Help has provided over $6.9 billion in financing to 112,000 families, individuals and businesses underserved by traditional financial institutions. It helps drive economic development and strengthen communities by financing hundreds of homebuyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools, and residential and commercial real estate projects. The Self-Help family of non-profit organizations includes North Carolina’s Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending, a national policy and advocacy organization addressing abusive lending practices. Through its credit union network, Self-Help serves over 120,000 people in North Carolina, California, Chicago and Florida and offers a full range of financial products and services. Learn more at www.self-help.org, www.self-helpfcu.org and www.responsiblelending.org.

Position Summary:

Seeking a Commercial Business Development Officer (BDO) responsible for developing Self-Help’s small business lending market, including for-profits and non-profits, in North Carolina.  The market includes for-profit operating businesses, non-profit organizations, and the child care sector, with a targeted effort to minority and women owned entrepreneurs.  The primary role is relationship-based marketing of Self-Help’s commercial lending products to referral sources and potential borrowers throughout North Carolina.  The BDO will also lead coordination of commercial marketing efforts with Commercial Team and Self-Help Credit Union staff around the state.  As part of the role, the BDO will be responsible for monitoring industry and regulation changes that may affect lending.

The successful candidate will be able to build relationships to grow and support Self-Help’s commercial lending within its community development mission, assess and analyze commercial loan applicants, and work effectively and collaboratively with a team.

 

Responsibilities:

  • Market Self-Help’s loans to referral sources and potential borrowers through activities including 1-on-1 meetings; presentations on such topics as financial management, financing options, and the facility development process; and, in conjunction with communications staff, direct mailings, e-blasts and other appropriate outreach.
  • Develop best practices for coordinating marketing activities with Self-Help Credit Union branches and other Commercial Team staff.
  • Manage existing and build new partnerships that further Self-Help’s small business lending goals. 
  • Meet business development goals.
  • Participate in the development and assessment of commercial lending programs and products 
  • Assess loan requests, including an overview analysis of financial statements and management capacity to ensure prospective borrowers are a good fit with our credit and mission standards.
  • Provide excellent customer service, including prompt responses, basic technical assistance and referrals to other technical assistance providers as appropriate.
  • Assist in servicing loans, working with portfolio management team on troubled loans.
  • Perform other duties as may be deemed necessary.

 

Requirements:

Minimum Qualifications:

  • 4 year college degree or relevant experience required plus 5 years’ experience in lending, finance, community economic development or related education.
  • Excellent communication skills:
    • ability to communicate clearly and effectively, including developing a clear message and presenting Self-Help products and programs to individuals and groups
    • ability to write clearly and concisely, including translating financial and numerical data into written form 
  • Ability to build effective business development networks that lead to loan deal flow and closed loans, while building long-term collaborative relationships with organizational allies.
  • Sound quantitative and critical thinking skills that allow for effective evaluation of loan prospects, including ability to spread and analyze financial statements, project cash flow projections, and project management; study and evaluate information; and make sound recommendations based on risk assessment
  • Strong attention to detail
  • Ability to work cooperatively in teams
  • Strong project management skills, including ability to set priorities and organize competing priorities
  • Proficiency with MS Word, Excel and PowerPoint
  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization
  • Ability and willingness to travel within North Carolina about 2-4 times a week, including many day trips and some overnight travel.
  • A more senior level hire may be considered dependent on the experience and qualifications of the person identified for the role.

Physical Requirements:

  • Frequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally lift and exert force of up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package.

How to Apply:

To apply, send resume and cover letter, describing why you are a fit for this position, to hiringmanager@self-help.org. Please include the position title as the subject. Application must be received by January 3, 2017 to ensure consideration. Applications received after this date may or may not be considered, depending on the applicant pool. The position will remain posted until filled.

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

Internal Audit Manager Self-Help
Durham, NC
Job Function: Accounting
Posted: December 19, 2016

Background:

Self-Help is a leading national community development financial institution (CDFI) headquartered in Durham, NC. Founded in 1980, Self-Help has provided over $6.9 billion in financing to 112,000 families, individuals and businesses underserved by traditional financial institutions. It helps drive economic development and strengthen communities by financing hundreds of homebuyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools, and residential and commercial real estate projects. The Self-Help family of non-profit organizations includes North Carolina’s Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending, a national policy and advocacy organization addressing abusive lending practices. Through its credit union network, Self-Help serves over 120,000 people in North Carolina, California, Chicago and Florida and offers a full range of financial products and services. Learn more at www.self-help.org, www.self-helpfcu.org and www.responsiblelending.org.

 

Position Summary:

The Internal Audit Manager is responsible for developing and implementing the overall internal audit program for Self-Help in order to evaluate its operating controls, guidelines, and processes. This position has a dual reporting role to the CFO (hiring/termination, salary administration, performance evaluation and work plan development) and to the Joint Audit/Supervisory Committee of the Boards of Directors (work plan approval and audit reporting). The Internal Audit Manager supervises the Internal Audit staff and assigns tasks based on internal audit staff experience, expertise, and organizational needs and priorities. The Internal Audit Manager reviews staff work, follows up with management on significant control weaknesses and issues audit reports to executive management and to the Audit/Supervisory Committee. The Internal Audit Manager designs audit tests to ensure controls are adequate and functioning properly to minimize risk of losses due to fraud, theft, or from non compliance with established policies and regulations.

Responsibilities:

  • Conduct, schedule and assign audits to audit staff; review the work of audit staff; conduct related discussions and audit results with management; develop recommendations, and approve audit ratings.  
  • Conduct internal control reviews of merged/acquired entities.
  • Develop and implement internal auditing policies, procedures, and program.
  • Conduct internal control reviews on behalf of the Credit Union's independent public accountants 
  • Coordinate regulatory examinations with state and federal regulators.       
  • Keep executive management and the Audit/Supervisory Committee informed of department activities and any significant problems. 
  • Complete and submit required reports, records, and related documents timely and prepares an annual plan based on the audit risk model and management input.  
  • Ensure that existing internal operating procedures are in compliance with credit union policy and existing state and federal financial institution regulations through systematic department reviews; keeps staff apprised of policy, procedure, and program changes.
  • Present annual work plan to the Audit/Supervisory Committee of the boards for review and approval. 
  • Supervise assigned staff; set objectives for staff, provide timely feedback and conduct performance reviews; and maintain a cohesive, highly trained, motivated staff sufficient to meet department goals and demands, as well as individual goals.
  • Stay informed of changing auditing procedures, policies, industry trends and developments by subscribing to industry periodicals and attending an annual industry update seminar.
  • Work closely with the external audit firm in conducting annual verification of member accounts, including performing alternative procedures on positive confirmations that are not returned.  
  • Conduct special investigations or audits as requested by the Audit/Supervisory Committee, CFO, and/or CEO.
  • Perform other duties as requested by the CFO, Supervisory Committee and/or CEO.

 

Requirements:

Minimum Qualifications:

  • BS or BA degree;  
  • At least 6 years of internal audit experience in the financial industry, 3 of which should include experience in a supervisory/managerial role;
  • CPA, CIA, CBA, CFSA, or other related industry certification/professional designation.
  • Excellent written and verbal communication skills, with the ability to communicate clearly and effectively.
  • Excellent interpersonal skills.
  • Strong attention to detail.
  • Excellent research and problem solving skills.
  • Ability to effectively plan and organize work.
  • Ability to form and build relationships with internal and external customers, and may involve motivating or influencing others
  • Demonstrated ability to build working relationships across all levels of the organization. 
  • Demonstrated management and supervisory experience. 
  • Demonstrated knowledge of audit procedures, government regulations, banking and EDP procedures.
  • Proficient with Microsoft Word and Excel.

Physical Requirements:

  • Frequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally lift and exert force of up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package.

How to Apply:

To apply, send resume and cover letter, describing why you are a fit for this position, to hiringmanager@self-help.org. Please include the position title as the subject. Application must be received by December 31, 2016 to ensure consideration. Applications received after this date may or may not be considered, depending on the applicant pool. The position will remain posted until filled.

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

CDFI Manager Redbud Financial Alternatives, Inc.
Hazard, KY
Job Function: Financial Services
Posted: December 7, 2016

Background:

Redbud Financial Alternatives, Inc. (RFA) is an emerging organization whose mission is to provide equitable mortgage and consumer financial products that help clients achieve housing and overall financial stability. RFA was founded as a subsidiary of Housing Development Alliance, Inc. (HDA) in 2014 to become a CDFI that provides an alternative to predatory/high cost consumer lenders and to provide affordable mortgages. HDA is hiring a CDFI manager to implement a CDFI Technical Assistance Grant and to oversee the start-up, growth and development of RFA.  

www.redbudfinancialalternatives.org | www.hdahome.org

Position Summary:

Are you a self-starting individual with an entrepreneurial spirit?

RFA has been awarded a Technical Assistance grant to operationalize its business plans. HDA, its parent organization, is looking for a CDFI Manager to oversee the implementation of this grant. Also, this Manager will be responsible for the general growth and development of RFA as an emerging CDFI.

Responsibilities:

The ideal candidate will be able to:
 

  • Execute RFA’s business plan to realize community impact and growth in organizational capacity/sustainability
  • Manage daily operations including portfolio management, CDFI reporting and regulatory compliance, and day to day office procedures
  • Lead staff in completing projects and communicate with working teams/committees
  • Develop new products, funding resources, and lending capital - will need to be an experienced grant writer and grant manager
  • Communicate with clients courteously and exhibit excellent professional communication skills with other staff – both written and oral
  • Collaborate and build relationships with partners locally, statewide, and nationally. 

Requirements:

  • 5 years’ experience in CDFI, lending, and/or non-profit management development
  • A strong commitment to the advancement of HDA and RFA’s service area

 

Compensation:

Position offers a competitive salary and excellent benefits.

How to Apply:

Interested applicants should send resume and short writing sample to Scott McReynolds, Housing Development Alliance, PO BOX 7284, Hazard, KY 41702 or scott@housingdevelopmentalliance.org.

HDA is an Equal Opportunity Employer, women and minorities are encouraged to apply.

Monitoring and Evaluation Manager Westminster Economic Development Initiative, Inc. (WEDI)
Buffalo, NY
Job Function: Project Management
Posted: November 29, 2016

Background:

FLSA Status: Full-Time
Core Program Competencies: Economic Development, Community Development, Education
Supervisor’s Title: Executive Director
Location: Buffalo, NY
Organization Mission: WEDI empowers economically disadvantaged people in Buffalo, with a primary focus on the West Side community.
Websites: www.wedibuffalo.org, www.westsidebazaar.com

Programs Overview:

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. ENERGY focuses on improving the students’ abilities to read, write, and speak English. With an average ratio of one volunteer mentor per student, the program is able to provide specialized reading and homework support. In the 2015-2016 school year, 71.43% of students improved by over 1 year of grade-level reading during the 7-month program, as evidenced by reading assessments. FLY implements project-based learning that has helped to increase grade-point averages for over 80% of its students. Attendance in the programs average over 95%, and the total demand is very high, summing to hundreds of students.

Position Summary:

Primary Purpose and Function

  • Manage program information and data for over 30 grant applications and associated reports, including tracking outcomes using technology systems.

Responsibilities:

Essential Functions and Responsibilities

  • Coordinate with the Executive Director and program directors to ensure effective implementation of grant requirements on a day-to-day basis.
  • Develop, monitor, and support programming with program directors through process innovation that enhances data tracking and analysis.
  • Coordinate and administer program-performance meetings for the Executive Director.
  • Implement project progress management methods and tools like Gantt charts to ensure that WEDI is on track to meet deadlines, notifying the Executive Director of delays or risks.
  • Design and implement strategies to overcome roadblocks or delays in grant requirements.
  • Provide project, grant, and contract status updates to the Executive Director.
  • Manage data and create reports for each program’s project progress to Executive Director through WEDI’s Outcome Tracker system.
  • Ensure that data is accurate through internal audits and database cleaning.
  • Perform other related duties as Executive Director requires.

Possible Functions and Responsibilities

  • Participate in strategic discussions for the organization as the grant performance and data expert.
  • Improve WEDI’s data and project management systems for efficiency, clarity, and mission.
  • Support the Executive Director in fundraising activities, including grant writing, through the supply of data and performance achievements.

Requirements:

Required Qualifications

  • Bachelor’s degree with a major or minor in Project Management, Data Science/Analytics, Business, Economics, or related field
  • Ability to learn quickly and develop a passion for serving low-income communities
  • Ability to complete tasks quickly and on schedule
  • Ability to manage the schedule and data of multiple projects with rigorous deadlines
  • Competent and effective in Boolean logic
  • Competent and efficient in Google applications, MS Office, and internet applications, including a database system for program and data tracking
  • Demonstrated problem-solving skills
  • High accuracy in work and attention to detail
  • Proven oral and written communication skills

Preferred Qualifications

  • Master’s degree in Project Management, Data Science/Analytics, Business Administration, or a related field
  • Project Management Institute (PMI) or equivalent certification
  • Certified Data Management Professional or equivalent certification
  • Knowledge and practical implementation of Gantt charts or similar project management tools
  • 2-5 years’ experience in data or project management
  • Experience working in a non-profit, mission-driven organization
  • A passion for alleviating poverty, educating children, improving cities, and serving the community

Compensation:

Salary or hourly pay will be commensurate with education and experience. Health insurance will be included with a full-time position.

How to Apply:

Please send a resume, cover letter, and salary requirements to ben@wedibuffalo.org.

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