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  • Make an impact and join the opportunity finance field.

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

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

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

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

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Senior Program Officer, Entrepreneurship and Financial Empowerment Consumer Affairs Office of Financial Empowerment (OFE)
New York City, NY
Job Function: Business Development
Posted: November 1, 2016

Background:

The Department of Consumer Affairs (DCA) empowers consumers and businesses to ensure a fair and vibrant marketplace. DCA licenses and regulates over 80,000 businesses in 55 different industries, and enforces the Consumer Protection Law and other related business laws in New York City. The agency educates the public and businesses through outreach and partnerships with stakeholders throughout the City. DCA performs onsite inspections of businesses to ensure compliance with license regulations, weights and measures regulations, and the New York City Consumer Protection Law.

Effective April 1, 2014, under New York City’s Earned Sick Time Act, most employers in New York City will be required to give their employees sick leave. DCA is charged with enforcement of this law. DCA is also responsible for enforcement of New York City’s Transit Benefits law. Pursuant to that law, effective January 1, 2016, certain employers will be required to offer their full-time employees the opportunity to use pre-tax earnings to purchase qualified transportation fringe benefits.

The DCA Office of Financial Empowerment (OFE) is the first local government initiative in the country with the specific mission to educate, empower, and protect individuals and families with low incomes. OFE creates innovative programs, products, and services for New Yorkers so they can build assets and make the most of their financial resources. At the center of the fight to reduce income inequality and expand economic opportunity, OFE works to support low-income New Yorkers and communities in building wealth and improving financial capabilities. OFE’s goal is to increase access to high-quality, free financial education and counseling; connect individuals to safe and affordable mainstream banking products and services; improve access to income-boosting tax credits, savings, and other asset building opportunities; and enforce and improve consumer financial protections to safeguard financial stability.

Position Summary:

As part of the Small Business First Initiative, OFE is partnering with the NYC Department of Small Business Services (SBS) to ensure equal access to city services for all business owners by integrating financial counseling at points where business owners are navigating the City’s regulatory environment and may be facing financial challenges related to regulatory requirements.

OFE is seeking an entrepreneurial, driven, innovative and highly-organized Senior Program Officer to lead and oversee our efforts to expand financial counseling for small businesses owners through referrals from regulatory agencies, as well as other projects and programs aimed at ensuring equal access to business ownership and success for all New Yorkers.

Responsibilities:

Responsibilities will include, but are not limited to:

  • • Plan, implement, manage and evaluate referral relationships from NYC regulatory agencies to the City’s Financial Empowerment Centers, specifically targeting small business owners. Regulatory agencies may include, but not be limited to, the Taxi and Limousine Commission, the Department of Health, and the Department of Buildings.
  • Work with the SBS Business Acceleration division to recommend new policies and procedures in order to reduce the burden of regulations on small business owners through financial counseling.
  • Work with DCA OFE’s financial counseling program team to recommend new policies and procedures in order to create customized counseling models, benchmarks, and data collection for small business entrepreneurs.
  • Propose and test new financial empowerment solutions that:
    • help overcome financial challenges specific to small business owners or that arise from the City’s regulatory environment, such as income volatility and high upfront insurance costs and,
    • lower barriers to business ownership through broader systems change.
  • Provide outreach and education to small business owners and community-based organizations that interact with small businesses (such as Chambers of Commerce and Business Improvement Districts), and NYC regulatory agencies about the services, programs, and products offered by DCA OFE.

Requirements:

Qualification Requirements

  1. A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
  2. High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties described above; or
  3. Education and/or experience which is equivalent to “1” or “2” above. However, all candidates must have at least one year of experience as described in “1” above.

PLEASE NOTE: New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Preferred Skills

  • A creative and strategic thinker, adept at program innovation, design, development, management, research and evaluation;
  • Experience in community, business and economic development, community wealth building, asset mbuilding and the financial inclusion field, and developing technical assistance programs for small business owners;
  • Experience working with the City of New York’s regulatory agencies, including the Departments of Consumer Affairs, Health and Mental Hygiene, Buildings, Fire, and Taxi and Limousine;
  • Experience working with entrepreneurs and with new and micro-businesses from low-income and disadvantaged communities;
  • Experience working with emerging forms of small business ownership including freelancers and workercooperatives;
  • Excellent organizational, communication (written and oral), and presentation skills;
  • Experience and proven ability to cultivate partnerships with diverse stakeholders including local businesses, advocacy organizations, think tanks, community groups, etc.;
  • Proven ability to successfully manage multiple high-priority projects simultaneously and to organize and drive projects to timely completion;
  • Attention to detail and ability to work quickly under pressure while still ensuring a high quality work product;
  • Ability to leverage data to drive program planning and implementation;
  • Proficient in Microsoft Excel, PowerPoint, Access, Word, and Outlook.

Compensation:

Commensurate with experience

How to Apply:

For Non-City/External Candidates: Visit the External Applicant NYC Careers site and type “Consumer Affairs” on the search line. Then locate the Job ID number.

For Current City Employees: Visit Employee Self Service (ESS) to view and click on Recruiting Activities, Careers, and search by Job ID number.

A RESUME AND COVER LETTER ARE REQUIRED.

PLEASE INDICATE IN YOUR COVER LETTER HOW YOU HEARD ABOUT THIS POSITION.

INCOMPLETE APPLICATIONS WILL NOT BE CONSIDERED.

NO PHONE CALLS, FAXES, E-MAILS OR PERSONAL INQUIRIES PERMITTED. NOTE: ONLY THOSE CANDIDATES UNDER CONSIDERATION WILL BE CONTACTED.

Deputy Director of Operations Consumer Affairs Office of Financial Empowerment (OFE)
New York City, NY
Job Function: Project Management
Posted: November 1, 2016

Background:

The Department of Consumer Affairs (DCA) licenses, inspects, and educates businesses, assists and informs consumers, mediates complaints, and offers free financial counseling and safe banking products. DCA enforces the Consumer Protection Law, the Paid Sick Leave Law and other related business laws throughout New York City and licenses nearly 80,000 businesses in 55 different industries. For more information, call 311 or visit DCA online at nyc.gov/consumers or on its social media sites, Twitter, Facebook, Instagram and YouTube.

At the center of the fight to reduce income inequality and expand economic opportunity, DCA’s Office of Financial Empowerment (OFE) works to support low-income New Yorkers and communities in building wealth and improving financial capabilities. OFE is the first local government initiative in the country with the mission to educate, empower and protect New Yorkers and neighborhoods with low incomes so they can build assets and make the most of their financial resources. OFE uses the tools of research, partnerships, policy, programs and services, financial products, and convening to advance its mission.

Position Summary:

OFE is seeking a highly organized and process-oriented Deputy Director of Operations to join the OFE Executive Team. The Deputy Director of Operations should have excellent project management, organizational management, and communication skills to support the strategic implementation of OFE programs and initiatives and to assist with the general operations of the OFE division.

Responsibilities:

Responsibilities will include but are not limited to:

  • Provide executive level project management support and oversight on critical OFE projects and serve as a resource to OFE staff and project teams to ensure the smooth implementation of projects and ensure that objectives are achieved, and deadlines are met;
  • In collaboration with the OFE senior team, lead the development and implementation of internal systems, structures, processes and tools that help to coordinate and organize the team’s work to ensure optimal team performance;
  • Working closely with DCA’s Finance, Legal, and Human Resources divisions, oversee OFE’s administrative functions including human resources, procurement, budgeting and contract management (~$8M total budget);
  • Supervise directly Contracts, Budget & Administration Manager, and indirectly Contracts and Budget Associate;
  • Draft, proofread and/or edit a range of materials, including but not limited to grant proposals, publications, reports, program documents, policy memos, and presentations;
  • Work with the data analysis and evaluation team to understand and document success of programs and to identify opportunities to improve the performance of programs;
  • Build and maintain relationships with City agencies, community based organizations, and other external stakeholders as needed; and
  • Implement and manage special projects as needed to reduce systemic inequality and build individual and community wealth and assets.

Requirements:

Qualification Requirements

  1. A baccalaureate degree from an accredited college and four years of full-time, satisfactory professional, technical or administrative experience in one or more of the following fields: program evaluation, contract negotiations/management, business or public administration, contract community relations, or related fields; at least eighteen months must have been in an administrative, managerial or executive capacity, or supervising professional personnel performing work in program evaluation, contract negotiation/management, business or public administration; or
  2. A four year high school diploma, or its equivalent, and six years of full-time, professional, technical or administrative work experience in one or more of the fields cited above; at least eighteen months must have been in an administrative, managerial or executive capacity, or supervising professional personnel as described in "1" above; or
  3. A satisfactory equivalent of education and experience as cited above. However, all candidates must have the eighteen months of administrative, managerial or executive experience or experience supervising professional personnel as described in "1" above.

PLEASE NOTE: New York City residency is required within 90 days of appointment. However, City employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County.

Preferred Skills

  • Effective project manager with the proven ability to successfully guide and manage multiple high-priority projects simultaneously and to organize and drive projects to timely completion;
  • Highly organized with strong follow-through and an acute attention to detail;
  • Supervisory experience in effectively managing a dynamic and diverse team;
  • Ability to work quickly under pressure and strict deadlines while still ensuring a high quality work product;
  • Experience and proven ability to cultivate partnerships with diverse stakeholders;
  • Ability and willingness to take initiative and work collaboratively;
  • Outstanding analytic, problem-solving, and creative thinking skills;
  • Excellent communication (written and oral) and presentation skills;
  • An enthusiastic and positive individual with good interpersonal skills and a passion for supporting people with low incomes to build greater self-sufficiency;
  • Proficient in PowerPoint, Microsoft Excel, Access, Word, and Outlook.

Compensation:

Commensurate with Experience

How to Apply:

For Non-City/External Candidates: Visit the External Applicant NYC Careers site and type “Consumer Affairs” on the search line. Then locate the Job ID number.
For Current City Employees: Visit Employee Self Service (ESS) to view and click on Recruiting Activities, Careers, and search by Job ID number.

A RESUME AND COVER LETTER ARE REQUIRED.

PLEASE INDICATE IN YOUR COVER LETTER HOW YOU HEARD ABOUT THIS POSITION.

INCOMPLETE APPLICATIONS WILL NOT BE CONSIDERED.

NO PHONE CALLS, FAXES, E-MAILS OR PERSONAL INQUIRIES PERMITTED. NOTE: ONLY THOSE CANDIDATES UNDER CONSIDERATION WILL BE CONTACTED.

Credit Analyst IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: October 31, 2016

Background:

As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, housing developers, and grocery stores. IFF is the largest nonprofit CDFI in the Midwest and one of only a few nationally to earn the Aeris AAA+1 rating.

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

Position Summary:

Responsible for supporting the loan origination process by analyzing applicant financial, project and management capacity and preparing loan recommendations. Work closely with lenders across all IFF sectors and regions on loan opportunities to determine long-term fit with IFF mission and credit requirements. Manages and maintains database information and prepares qualitative and quantitative reports on all aspects of the Loan program. Responsible for monitoring cash flow. Performs financial analyses for internal projects.

Responsibilities:

  1. Support the underwriting of loan applications.
  2. Build and maintain complete records on loan applications in CRM from inquiry through loan approval.
  3. Support the Closing and Portfolio Management team in closing approved loans and handing off complete files for post close monitoring.
  4. Support programmatic loan underwriting as assigned by the Loan Program Manager including:
  5. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.
  6. Manages IFF's loan databases and reporting to ensure that accurate and comprehensive information on all aspects of the loan program is readily available within IFF including particular support of Finance and Resource Development.
  7. Responsible for developing and implementing funding and loan compliance reports and processes.
  8. Perform other projects as assigned.

Requirements:

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

Previous Experience: At least three years of experience in the areas of accounting, financial analysis, or credit for commercial, industrial and not for profit organizations. Ability to perform financial statement analysis including spreading financial statements and assessing cash flow metrics. Experience with commercial real estate or community development collateral and lending valued.

Special Knowledge & Skills: Analytical and business writing skills required to determine credit risk and to prepare credit presentations. Proficiency in Microsoft Excel. Demonstrated interest in nonprofit sector.

For more information, please visit www.iff.org/careers.

Compensation:

Please submit salary requirements.

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to acerve@iff.org with"Credit Analyst" in the subject line.

Loan Officer The National Housing Trust
Washington, DC
Job Function: Lending/Loan Operations
Posted: October 27, 2016

Background:

The National Housing Trust (NHT) envisions a nation where federal, state and local policymakers, private owners and investors, affordable housing practitioners, and the public work together to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive. NHT Lending, made up of the National Housing Trust Community Development Fund (NHTCDF) and the Institute for Community Economics (ICE), is committed to providing access to flexible financing for the preservation and creation of affordable housing around the country.

Position Summary:

The National Housing Trust is seeking an experienced Loan Officer as we grow our two CDFI loan funds: The National Housing Trust Community Development Fund and the Institute for Community Economics. The Loan Officer is primarily responsible for underwriting loans. In accordance with Loan Policies and Procedures the Loan Officer will evaluate the credit worthiness and capabilities of the borrower /guarantor and/or the real estate collateral securing the proposed loan. Analysis will include, but not limited to, performing financial analyses, third party review assessments, site visits, and evaluating feasibility and likelihood of repayment sources. After approval, the Loan Officer will also work on the closing and the asset management of loans in cooperation with the Loan Fund Administrator and the Direct of Lending.  Finally, the Loan Officer will help to increase the visibility of NHT’s CDFI Loan Funds through marketing, business development and product development, and will be expected to build new lending relationships and work with the Director of Lending to raise lending capital from mission oriented investors.

 

Responsibilities:

Loan Underwriting & Originations

  • Produce financial analysis of both for- and non-profit sponsors and/or borrowers.
  • Conduct thorough due diligence, review and evaluate various aspects of loan underwriting such as appraisal reviews, construction cost reviews, property condition reports, environmental reports, and site inspections.
  • Oversee the loan closing process by reviewing loan documents and/or due diligence items required to close loans. 

Asset Management

  • Complete recommendations for modifications
  • Determine workout plans for trouble loans as necessary
  • Complete annual portfolio reviews

Marketing and Fundraising

  • Respond to requests for information from current and prospective institutional investors
  • Work on capital funding applications from Public and Private sources
  • Build relationships with potential borrowers and funders (some travel will be required)
  • Field initial loan inquiries from potential borrowers

Requirements:

  • An undergraduate degree in business, finance, real estate, urban planning or related field is required. 
  • A minimum one year of work experience in real estate-based or business lending, including credit analysis.
  • Proficiency in analyzing financials of nonprofit and for profit organizations and real estate operations.
  • Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
  • Knowledge of the closing process and loan documents utilized in real estate transactions. 
  • Familiarity with federal, state, and local government funding sources for capital and operating needs of affordable housing.
  • Experience working with both private sector financial institutions and public agencies. 
  • Excellent written and verbal communication skills are required.
  • Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
  • Excellent skills in managing multiple tasks requiring strong attention to detail.
  • Ability to work effectively in a team environment.
  • Ability to travel. 

 

Compensation:

Base Salary—Negotiable

How to Apply:

Send resume and cover letter by email to hr@nhtinc.org. Keep cover letters short and specific to job description. Please write "Loan Officer LO504" in the subject line. No phone calls or faxes.

Loan Officer Seattle Economic Development Fund / Business Impact NW
Seattle, WA
Job Function: Lending/Loan Operations
Posted: October 13, 2016

Background:

Business Impact NW (BIN) is one of the leading non-profit community development financial and business assistance organizations in the Pacific Northwest. The mission of BIN is to promote the economic development of marginalized communities by offering access to capital, training and support to grow small businesses throughout Washington and Oregon. For more information about BIN’s history, mission and programs for women, minorities and veteran business owners, please see our website: www.businessimpactnw.org.

 

Position Summary:

As a Loan Officer you will be responsible for all steps of the lending process, from loan origination and underwriting, through funding, servicing and performance management. You will manage all aspects of credit administration in accordance with BIN’s loan and risk management policies. Your experience in loan portfolio management, combined with a passion for promoting economic empowerment through access to finance will help improve financial inclusion of under-banked small businesses.

 

Responsibilities:

Loan Originations & Underwriting

  • Consistently generate new loans, manage underwriting, credit approval, and loan file creation.
  • Prepare credit analysis and recommendation memo for review and approval.
  • Verify feasibility and structure of proposed loan and the character, capacity, collateral and cash flow of the borrower.

Loan Closings, Booking, Funding

  • Coordinate loan closings, booking and funding processes.
  • Ensure compliance with BIN policies and procedures, loan requirements, commitment and approval conditions.
  • Manage closing problems by identifying and recommending solutions to meet the needs of BIN and its borrowers.
  • Create and maintain loan files and ensure files are consistently prepared for each loan with proper loan and credit approval documentation, organization and audit trail for all closing steps.

Loan Servicing, Collections/Recovery

  • Maintain servicing, monitoring and documentation of loan portfolio.  
  • Collect, report and monitor financial and impact performance data. 
  • Monitor collateral of secured loans, including but not limited to insurance and property tax compliance, appraisal and reserve requirements.
  • Verify loan payments, payoffs, records on loan performance.
  • Manage delinquency, nonaccrual, and problem assets to minimize losses and maximize collateral recovery.
  • Work with customers whose loans are past due and/or their business is showing signs of trouble.  This will include restructuring loans; doing workouts; and providing short term business technical assistance.  

Community Engagement

  • Develop and maintain relationships with individuals and organizations with strong community ties that are consistent with BIN’s mission. These organizations may include, but are not limited to, the City of Seattle; credit unions, banks, Certified Development Companies, chambers of commerce, etc.
  • Attend conferences and training to maintain up-to-date knowledge of lending programs including Small Business Administration and US Department of Agriculture.
  • Attend government and community meetings (sometimes after work hours) on an as needed basis.

Requirements:

  • Bachelor’s degree in Finance, Accounting, Economics or related field or equivalent experience. 
  • Minimum of two years experience in banking, economic development, community development or small business management.
  • Knowledge of processes and procedures in small business, real estate, and commercial lending, including in credit analysis, risk and compliance management. 
  • Ability to analyze business and personal financial statements including balance sheets, income and cash flow Statements, as well as tax returns. 
  • Excellent problem solving and organizational skills with ability to handle multiple priorities while managing credit functions in a strategic and organized manner
  • Experience in working with culturally diverse business owners or equivalent training
  • Strong writing and financial analysis skills 
  • Experience in government reporting or equivalent education
  • Solid interpersonal skills with a helpful, down-to-earth demeanor
  • Demonstrated commitment to economic empowerment
  • Able to travel occasionally outside of the Seattle/King county area

Compensation:

$35,000 - $50,000 annual, DOE

How to Apply:

Please send a resume and cover letter to amandap@businessimpactnw.org.  No phone calls please.

Director of Resource Development New Jersey Community Capital
New Brunswick, NJ
Job Function: Fundraising
Posted: October 12, 2016

Background:

New Jersey Community Capital (NJCC) is a 28-year-old nonprofit community development financial institution (CDFI) certified by the U.S. Treasury Department. Each year, we provide millions of dollars in capital and technical assistance to support the revitalization of underserved communities across the state. These efforts create high-quality housing, early care, education, and employment opportunities for thousands of low-income people. In recent years, we have emerged as a leader in developing innovative financing programs and partnerships to expand our impact. A career at NJCC is an opportunity to enhance your skills, further your knowledge, and contribute to strengthening at-risk communities. Our 45-person team of self-starters works in a fast-paced environment where those who can work autonomously tend to thrive. We value collaboration and partnership, and embrace a culture of feedback where we constantly look to learn from each other and improve as professionals.

Position Summary:

NJCC seeks a creative and dynamic individual for the position of Director of Resource Development. This Senior Management position reports directly to the President and Chief Operating Officer, and is responsible for the following five areas, all critical to the success of NJCC’s mission: 

  1. Provide strong leadership as the leader of a 5-person Resource Development Department that coordinates NJCC’s communications strategies and responses to all external stakeholders and events; 
  2. Manage the department’s role in coordinating and nurturing relations with all existing and future grantors and investors; 
  3. Serve as NJCC’s project manager for all critical organization-wide initiatives, while providing strategic advice to the President and fellow Senior Staff colleagues, in order to ensure that NJCC remains the preeminent provider of community capital and technical support for at-risk communities throughout the state. 
  4. Monitor the federal, state, and local policy environment and the community development field, in order to help NJCC develop innovative approaches to strengthening at-risk communities; 
  5. Oversee NJCC’s ground-breaking impact assessment and reporting systems; 

Responsibilities:

Managing the RD Department 

  • Oversee a 5-person team that coordinates all necessary responses to external stakeholders and events. 
  • Creatively manage and prioritize competing demands while coordinating multiple work activities in a fast-paced team environment, while being responsible for ensuring the department’s ability to meet critical deadlines with flexibility, resourcefulness, and efficiency. 
  • Develop a comprehensive and strategic communications and marketing plan that defines objectives; targets audiences; and creatively identifies key messaging and tactics, in order to support NJCC’s programmatic, funding, and policy goals. 
  • Provide leadership and oversight on the writing, editing, and translation of NJCC’s work into user-friendly formats for its website, publications, and press materials. 
  • Assess the department and help implement changes to improve its effectiveness. 
  • Lead the department’s efforts at enhancing NJCC’s website and social media presence. 

Nurturing Relations with Existing and Future Grantors and Investors 

  • Develop, implement, and maintain all aspects of NJCC’s fundraising efforts to secure donations and investments for operations and lending capital. 
  • Cultivate and maintain relationships with donors and investors, including foundations, banks, businesses, religious organizations, governmental agencies, and individuals. 
  • Coordinate, prepare and submit grant and investment proposals. 
  • Secure government and nonprofit funding, including CDFI Fund Financial Assistance, New Markets Tax Credit, and NeighborWorks America awards, and collaborate with the Chief Financial Officer to ensure successful management of such funds. 
  • Create and update NJCC’s investor documents, including its prospectus and renewal forms. 
  • Oversee the planning and executing of fundraising and community events. 
  • Manage NJCC’s assessments by outside rating agencies. 

Providing Project Management and Strategic Guidance to All of NJCC’s Departments 

  • Help coordinate all strategic and organizational planning as a valuable member of NJCC’s Senior Management team. 
  • Creatively serve as the project manager for department- and NJCC-wide initiatives, such as crucial large-scale grant and investment 

Requirements:

Qualifications

  • Advance degree preferred, along with 5+ years of related professional experience. 
  • Management experience, with examples of strong leadership and project management skills. 
  • Demonstrated experience in community/economic development, financial services, financial management or related field required, with experience working in a nonprofit environment preferred. 
  • Knowledge of CDFI Fund and other federally sourced grants and awards as well as knowledge of foundation and corporate grant makers a definite plus. 
  • A passion to improve the life chances of residents of New Jersey’s at-risk communities. 
  • Outstanding communications skills. 
  • The ability to be a proactive self-starter; fast learner; and leader while managing effectively in a collaborative work environment. 
  • Demonstrated ability to develop and implement long-term marketing and fundraising strategies, including experience cultivating and soliciting foundations, individual, and corporate donors in support of program and operational activities. 
  • Experience overseeing and editing grant writing by other staff or outside consultants. 
  • Knowledge of MS Office (Excel, Word, PowerPoint, Outlook) is required. Experience using customer relationship management (CRM) systems; online content management software (CMS); PolicyMap or other GIS software; Adobe Creative Suite (particularly InDesign, Illustrator and Photoshop); and fundraising software is a definite plus.

 

Compensation:

NJCC offers a competitive nonprofit salary based on experience and skills, as well as an attractive benefits package including health, dental, disability and life insurance, 401(k) savings plan, flexible spending accounts (medical, dependent care, and transportation), and 23 vacation days plus 12 paid holidays. NJCC’s main office is located at 108 Church St. in New Brunswick, NJ, in a recently-renovated building only two blocks from the train station. 

 

How to Apply:

Interested individuals should email a thoughtful cover letter and resume to rdhr@njclf.com. Please include “Director of Resource Development – Your Name” in the email’s subject line. NJCC will accept applications until the position is filled. 

Community Strategies Fellow New Jersey Community Capital
New Brunswick, NJ
Job Function: Intern/Work Study
Posted: October 12, 2016

Background:

NJCC seeks a highly-qualified individual to support its Community Strategies program by providing data cleansing, data analysis, and research assistance. NJCC launched the Community Strategies program in 2013 with the goal of providing local governments and community groups with tools, research, and expertise to reclaim and repurpose vacant properties and revitalize local communities. Demand for these services has fueled program expansion and NJCC has developed a business plan for continued growth. The Community Strategies Fellow will report to the Community Strategies Coordinator and will also work closely with the Neighborhood Revitalization Coordinator - supporting NJCC’s efforts in East Trenton.

Position Summary:

By accepting this position, the Fellow will access opportunities to: (1) work alongside a highly experienced, nationally recognized team of community development and public policy experts, (2) develop a stronger understanding of the challenges facing urban communities around blight, crime, and problem properties, and best practices that are being implemented around the state and country (3) help analyze and shape policy and on the ground approaches impacting the community development movement and New Jersey’s at-risk neighborhoods, (4) refine data collection, data cleansing, and analysis skills, and (5) hone writing, research, and presentation skills. Along with gaining hands-on experience with a statewide nonprofit organization, the Fellow will develop the skills and networks necessary to succeed in the CDFI and community development fields.

Responsibilities:

  • Data collection, scrubbing, and analysis
  • Coordination of data with other program partners and clients
  • GIS pre-processing, map-making, and geospatial analysis
  • Researching issue areas and tracking the status of legislative initiatives, policy briefings, and events relating to housing and community development
  • Assisting with the drafting of letters, reports, and memos summarizing findings
  • Occasional travel for off-site meetings and field work.

 

Requirements:

Candidates should have a demonstrated interest in the field of community development; an enthusiasm towards NJCC’s mission and vision; a passion for communities; and the ability to thrive in a highly collaborative environment. Preference will be given to candidates pursuing a graduate degree with a concentration in community development, urban planning, public policy, public health, or similar. NJCC also will give preference to candidates based on the following qualifications:

Compensation:

Compensation is based on experience with a maximum hourly rate of $19.00. The fellowship requires a 15 to 25 hour commitment per week, though the work schedule can be negotiated based on a candidate’s availability. The position is based in NJCC’s New Brunswick office located at 108 Church Street, only two blocks from the New Brunswick train station. Travel expenses to offsite meetings can be reimbursed.

How to Apply:

  • Interested candidates should apply to RDHR@njclf.com
  • Please place “Community Strategies Fellow – Name” in the subject line
  • Attach a cover letter in PDF format with the following naming convention “Name_Cover Letter”
  • Attach your resume in PDF format with the following naming convention “Name_Resume”
  • Attach a short (500 word max) writing sample (preferably where you conducted data analysis) in PDF format with the following naming convention “Name_Writing Sample”
  • Attach any relevant GIS work that demonstrates your knowledge of ArcGIS software with the following naming convention “Name_GIS Sample” (optional but preferred)

Senior Loan Officer Enterprise Community Loan Fund
Columbia , MD
Job Function: Underwriting
Posted: October 10, 2016

Background:

Enterprise Community Loan Fund is seeking a Senior Loan Officer to join its growing team.  The position can be located in either Columbia, MD, San Francisco or Los Angeles, CA or Washington, DC.  This is a great opportunity for a community development professional with excellent underwriting and portfolio management skills to join a strong national organization with a range of future opportunities for professional growth.  ECLF is a certified community development financial institution and a member of the Enterprise family of companies.  Over the past 30 years Enterprise has raised and invested more than $11 billion to help finance nearly 300,000 affordable homes in communities across the US.

 

Position Summary:

Reporting to the Director of Lending, the Senior Loan Officer will be responsible for underwriting loan requests with particular emphasis on affordable housing and community facilities, including both interim/bridge and permanent term loans.  The position will support Enterprise’s lending activities across the nation, and will also be responsible to manage a defined portfolio of loans from origination through repayment.  The Loan Officer will develop and maintain relationships with community development organizations and other relevant groups for the regions in which s/he works, as well as with field representatives of Enterprise.  The position requires an experienced professional with strong analytical, financial and relationship management skills.

Responsibilities:

The primary responsibilities are underwriting loan requests, managing a portfolio of loans from origination through repayment, and developing and maintaining relationships with borrowers, referral sources, and field representatives of Enterprise.

Requirements:

The ideal candidate will meet the following qualifications:

  • Undergraduate degree required; advanced degree in business, finance or related field preferred.
  • 7 years of lending experience, with 3 years of multi-family affordable housing, real estate, underwriting responsibilities required. Community development underwriting and knowledge of various housing programs and the broader community development field is a plus.
  • Demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation.
  • Ability to prioritize and manage multiple projects and assignments, meet tight deadlines and coordinate and communicate effectively across all levels of an organization.
  • Strong business development, analytical, communication and problem-solving skills, with working knowledge of spreadsheet and database management programs.
  • Familiarity with federal, state and local community development programs, particularly programs that finance charter schools, federally-qualified health centers and affordable housing.
  • Ability to travel up to 30% of the time.

 

Compensation:

The salary is competitive and commensurate with experience.  Enterprise also offers a strong set of benefits.

How to Apply:

For more information about Enterprise and about the position, please visit www.enterprisecommunitypartners.org.  To apply, please send your resume, cover letter and salary requirements to our search consultant, David Erickson-Pearson, epdavid@earthlink.net; 303-703-6165.

Supervising Real Estate Consultant Northern California Community Loan Fund
San Francisco, CA
Job Function: Other
Posted: October 4, 2016

Background:

The Northern California Community Loan Fund (NCCLF) was founded in 1987 as a socially responsible investment vehicle to provide capital and expertise to revitalize low-income communities. NCCLF has grown into a $60 million intermediary nonprofit organization that provides loans, technical assistance, and grants to groups that develop low-income housing, community facilities, essential health and human services, nonprofit enterprises, and solutions to the critical issues facing the nonprofit sector. For more information on our programs and services, please visit our website at www.ncclf.org.

 

Position Summary:

NCCLF provides customized technical assistance in two key areas -- financial management and real estate consulting services-- to our core clients, community-based nonprofits that serve low income individuals and families. NCCLF’s real estate staff also provides financing expertise, financial analysis, and broad market knowledge to a range of public sector and philanthropic clients. The real estate staff is currently focused on several program areas, including: nonprofit displacement mitigation in the Bay Area, revitalizing commercial corridors with community-serving organizations, activating under-utilized facilities, multi-tenant centers, economic development through the arts, New Market Tax Credit financing, and capacity-building and economic development in
the Central Valley.

The Supervising Real Estate Consultant provides consulting and financial expertise to nonprofits considering a real estate project, and supervises three to four full-time staff members who directly consult with nonprofit clients. NCCLF’s real estate consulting team provides these groups with in-depth facility strategic planning to: determine their readiness to purchase or lease a facility; identify viable financing options; and help them secure and renovate the property they need to conduct effective community-serving programs.

This position is primarily focused in SF and the Bay Area counties, but may also work in other parts of Northern California.

Responsibilities:

Program Management & Administration

  • Supervise and support the work of three to four Real Estate Consultants, monitoring the quality of their work and building their expertise through regular training and mentorship to ensure the highest quality of services.
  • Review consultation plans and monitor them for compliance with timelines and deliverables.
  • Work with staff to maintain NCCLF consultant referral network.
  • Attend staff meetings and work with NCCLF staff to coordinate Real Estate program with other organizational programs.
  • Prepare applications and reports to external funders (government agencies, foundations, etc) for third party contracts.
  • Supervise the tracking of results and outcomes of consulting engagements.

Client Services

  • Identify potential clients and enter into contract with them for consulting services.
  • Work with clients to determine the goals of their facility projects.
  • Work with clients to determine conceptual feasibility of their facility projects.
  • Work with clients to assess the Real Estate options appropriate to their programs and outline work needed.
  • Prepare pro forma models of sources, uses and cash flows for real estate projects.
  • Work with clients to assess their asset management options.
  • Manage and maintain positive client relationships.
  • Collaborate with other NCCLF staff to determine the capacity of the client’s financial structure to support project costs and debt.
  • Organize, plan and conduct Real Estate workshops
  • Measure and track results of consulting engagements.
  • Assist program staff with creation of marketing materials and marketing strategies for informational workshops. 

Business Development

  • Represent NCCLF at various community meetings, convenings, and conferences
  • Market NCCLF’s services and products to CBO’s, municipalities, and other potential clients

Requirements:

Minimum Requirements:

  • 5+ years experience with development of community facilities, affordable housing or commercial real estate.
  • 3 years experience in supervision.
  • Ability to design and build financial analysis models for real estate.
  • Bachelors degree required; Masters Degree preferred, or equivalent experience.
  • Valid California Drivers License for required driving.
  • Ability to conduct site visits for potential facility projects throughout Northern California.

Desired Qualifications, Skills & Experience:

  • Experience with nonprofit facility development and management
  • Experience with providing technical assistance, consulting and training, including curriculum development, webinars, group presentations and individual consultations
  • Familiarity with commercial tenant improvement construction practices.
  • Familiarity with commercial Real Estate brokerage practices.
  • Familiarity with the nonprofit sector and municipalities in Bay Area counties.

Compensation:

Starting salary is $95,000-$105,000 depending on experience, plus an excellent benefits package including health, dental, retirement plan and three weeks vacation.

How to Apply:

Mail résumé and cover letter to:

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

OR

Fax to 415-392-8216

OR

Email to hr@ncclf.org. Please write “Supervising REC” on subject line. Resumes without cover letters will not be considered.

Loan Coordinator for Child Care Programs Vermont Community Loan Fund
Montpelier, VT
Job Function: Lending/Loan Operations
Posted: September 26, 2016

Background:

The Vermont Community Loan Fund (VCLF) creates opportunities that lead to healthy communities and financial stability for all Vermonters.VCLF is a mission-driven, community-focused alternative lender. We make loans to local businesses, community organizations & nonprofits, child care providers and developers of affordable housing who don’t qualify for a loan from a traditional lender. We combine our loans with financial consulting and business development services to make sure our borrowers have access to everything they need to succeed.  

Position Summary:

The Vermont Community Loan Fund is recruiting a loan coordinator to support our Child Care Loan Program. The person selected will work in support of an experienced program director and other program staff in all aspects of loan processing and servicing. The position, based in Montpelier, VT, is full-time, 40 hours/week. 

Qualifications: Knowledge and experience in lending procedures and documentation, ability to work with limited supervision, excellent interpersonal and networking skills, and competence in oral and written communication. Microsoft Office and Windows 7 computer competence required. Knowledge of loan packaging or loan servicing as well as the child care industry is highly desirable. VCLF is an Equal Opportunity Employer. A complete job description can be found on VCLF's website at www.vclf.org.

Responsibilities:

  • Responsible for preparing all loan closing documents;
  • Responsible for preparing all Building Bright Futures Facility Grant documentation;
  • Responsible for servicing all loans;
  • Responsible for grantee monitoring
  • Responsible for routine collections through personal contact with borrowers;
  • Responsible for maintaining and perfecting VCLF’s security position;
  • Responsible for coordinating Building Bright Futures Facility Grant annual review;
  • Supports Director of Child Care Programs and Child Care Business Development Center Manager;

Job Duties:

  • Prepares materials and documents for loan origination, closing and servicing;
  • Sets up borrowers files and keeps borrower files up to date and professional;
  • Sets up borrower loan in Nortridge Loan System database.
  • Files UCC’s and mortgages and tracks the receipt of financial statements;
  • Performs routine servicing of borrower accounts, including following up on delinquent borrowers and collecting payments;
  • Informs Loan Officers of problem loans;
  • Prepares routine status reports on all loans;
  • Prepares routine status reports on all grants;
  • Prepares periodic reports to funders and investors as needed;
  • Reviews and acts on portfolio compliance issues as they arise;
  • Updates resource and referral material;
  • Prepares, distributes and collects impact surveys;
  • Record and compare annual financial information of Loan recipients;
  • Assists loan programs as needed;
  • Organize monthly or ad hoc Business and Child Care Loan Committee meetings, ensuring the presence of a quorum to discuss new loan applications;
  • Organize & assist with Loan Monitoring Committee, general office duty and reporting to USDA & SBA; 
  • Other duties as assigned by the Director of Child Care Programs or the Child Care Business Development Center Manager. 

Requirements:

  • Associates degree and one year minimum of applicable experience in the lending field.
  • Experience in loan packaging or loan servicing, insurance or paralegal is desired.  Additional qualifying experience may be substituted for the required education.  
  • Knowledge or experience in collections, managing loan portfolios, lending practices, real estate finance or experience within the insurance or paralegal professions or     experience working with nonprofit community-based organizations.
  • Demonstrated ability to work under pressure, under deadlines and keep a sense of humor.
  • High degree of organizational skills, working with a minimum of supervision and multi-tasking.
  • Working independently and analyzing and solving problems.
  • Effective writing and phone skills.
  • Computer and database skills.
  • Working in a team environment.
  • Has a commitment to social and economic justice.

Compensation:

Salary will be commensurate with experience.  Benefits are offered with this position.

VCLF is an Affirmative Action/Equal Opportunity Employer

 

How to Apply:

Send cover letter, resume and salary requirements to: Human Resources, VCLF, P.O. Box 827, Montpelier, VT 05601-0827 or via email to: hr@vclf.org

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