Industry Job Bank

  • Make an impact and join the opportunity finance field.

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

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

To submit a job listing, please use our online form. If you need to edit or remove a posting, please contact info@ofn.orgSubmissions will be reviewed to ensure relevancy to the industry, and posted within 2 business days.

Investment Associate, Business Development Opportunity Finance Network (OFN)
Washington, DC
Job Function: Business Development
Posted: June 20, 2019

Background:

Opportunity Finance Network (OFN) is a leading national network of CDFIs (community development financial institutions) headquartered in Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide. 

Position Summary:

Reporting to the Chief Lending and Investment Officer (CLIO), the Investment Officer position provides project level support for the design and development of capital strategies and products. The Investment Officer leads or supports interdepartmental projects utilizing a collaborate design approach that leverages the organization’s full capacity. The position supports the outreach and development of relationships with OFN’s CDFI members, allies and investors in OFN. As a member of the Financial Services team, the Investment Officer also maintains underwriting and portfolio management responsibilities.

 

Responsibilities:

  • Lead cross-departmental customer focused design processes to develop effective new products and programs that increase CDFIs’ financing and development services both nationally and in target markets. Coordinate across departments; engage end-users and other key stakeholders.

  • Document and synthesize research outcomes to develop recommendations for financial product or service offerings. Work with the Knowledge Sharing team to determine if there are training or technical assistance opportunities that arise from the recommendations. Work with CLIO and Senior Vice President of Financial Services to integrate these recommendations into Financial Services Business strategy.

  • Assist CLIO and the Treasurer to determine key investor OFN Investment targets.

  • Prepare and review materials used for investor outreach including financial models, investment proposal memoranda, management presentations and investor presentation materials.

  • Develop relationships with new and existing CDFIs to identify new trends and sector opportunities.

  • Prepare and present credit and financial risk analyses reports to OFN senior leadership and respective investment committees.

  • Analyze CDFIs’ financial statements, loan portfolios, lending and investment policies and procedures, and strategies to determine the degree of risk involved in extending credit, as well as recommend risk mitigation strategies.  

Requirements:

  • Bachelor’s Degree or 7-10 years of direct work experience in lieu of degree.

  • 3-5 years professional experience in financial services, strategic consulting or community development finance preferred, including experience in financial advisory, investment management or product development.

  • Ability to distill problems/opportunities into understandable actionable strategies.

  • Demonstrated experience writing and presenting detailed investment recommendations with emphasis on clarity, conciseness, and relevance.

  • Solid understanding of accounting principles with ability to apply knowledge to assessing risk and performing financial underwriting.

  • Demonstrated leadership ability with superior interpersonal skills and ability to work well with diverse constituents.

  • Superior organizational skills and ability to manage multiple tasks effectively and efficiently under minimal supervision as well as ability to set priorities and meet deadlines under pressure without sacrificing quality.

  • Advanced knowledge of MS Excel and financial modeling skills.

  • Commitment to community and economic development.

  • Ability to work both independently and collaboratively with teams across OFN.

  • Some travel required (25% of time).

Compensation:

Commesurate with experience.

How to Apply:

To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF154

Program Officer, Financial Services Opportunity Finance Network (OFN)
Washington, DC
Job Function: Financial Services
Posted: June 12, 2019

Background:

OFN is a leading national network of CDFIs (community development financial institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.

Position Summary:

The Program Officer, with support from senior Financial Services staff, coordinates the servicing and administration of the Bond Guarantee Program at OFN.  Primary job responsibilities entail relationship management with both the borrowers and the CDFI Fund Bond Guarantee Program staff, borrower credit reviews, supervising timely delivery of borrower reporting, loan covenant compliance, and other operational and administrative duties. The position is responsible for coordinating timely delivery of borrower responses, reviewing and editing loan requests, reviewing and editing borrower reports, Other duties include analytical support of loan underwritings, performing annual borrower reviews, and financial statement analysis.

Responsibilities:

  • Coordinate the CDFI Bond application process including supervising the timely and accurate delivery of borrower reporting requirements and loan requests.
  • Review and edit borrower loan requests to adhere to specific framework; work with financial services staff to troubleshoot issues.
  • Coordinate loan covenant compliance, including supervising financial statement collection, verifying compliance with loan agreement, and coordinating resolution of any covenant violations.
  • Spread borrowers’ financial statements into template and complete accuracy checks.  
  • Analyze and prepare annual loan portfolio reviews of Bond Guarantee Program borrowers.
  • Oversee third-party annual credit reviews of borrowers.
  • Coordinate ongoing compliance reporting, including monthly secondary loan reviews, quarterly financial statements and compliance checks, annual compliance submissions, and other intermittent reporting requirements. 
  • Manage the timely processing of intermittent requisition packages from borrowers. 
  • Draft and update written procedures for program administration. 
  • Oversee maintenance of accurate, complete and up-to-date data files and records 
  • Provide quality customer service at all points of contact with OFN borrowers and prospects as well as answer questions and advise customers regarding loans and transactions with OFN borrowers and prospects.

Requirements:

  • Bachelor’s Degree or 5-7 years of work experience in lieu of a degree
  • 1-3 years of experience working with Federal, state or municipal government programs, in delivering government contracted non-profit programs, or consulting organizations participating in government sponsored type of programs required.
  • 1-3 years of experience in financial statement analysis highly desirable
  • Excellent written and verbal communication skills required with emphasis on clarity, conciseness and relevance 
  • Excellent interpersonal skills and ability to work constructively with diverse constituents is required
  • Ability to assist multiple parties through complex reporting requirements
  • Ability to analyze non-profit financial institutions’ financial statements required
  • Strong organizational skills and ability to manage multiple tasks under moderate supervision in and effective and efficient manner required
  • Ability to work independently or in team environment as required
  • Experience or knowledge of the CDFI Industry a plus
  • Experience or volunteer work in nonprofit or small office environment a plus 
  • Job involves normal physical requirements for an office position.  
  • Some travel required (15% of time)

Compensation:

Commensurate with experience.

 

How to Apply:

Interested Candidates Apply: https://theapplicantmanager.com/jobs?pos=OF153 

Senior Compliance & Risk Specialist Housing Trust Silicon Valley
San Jose, CA
Job Function: Lending/Loan Operations
Posted: June 24, 2019

Background:

Housing Trust is leading the effort to create a strong affordable housing market the in the greater Bay Area as one of the region’s highest-volume nonprofit housing lenders. Serving people experiencing homelessness to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Since 2000, Housing Trust has invested $230 million – creating more than 18,400 affordable housing opportunities serving over 33,500 of our neighbors. Housing Trust is the first nonprofit Community Development Financial Institution (CDFI) to receive a Standard & Poor’s rating (AA-) because of its strong capacity to meet financial commitments.

Position Summary:

Do you want to make a positive impact in the region by helping to create affordable housing opportunities? Are you looking for an opportunity to join a high performing team? Do you take pride in being precise and paying attention to the details? If you responded “yes”, this is the job for you. Reporting to the Chief Impact Officer (CIO), the Senior Compliance & Risk Specialist is a newly created position that focuses on risk management as the company launches a systematic view to enterprise risk. Working closely with the CIO, the Senior Compliance & Risk Specialist will view risk holistically and horizontally across the company in order to ensure sound risk management practices are in place to support the company’s strategic vision and practices. The Senior Compliance & Risk Specialist will eventually be responsible for ongoing enterprise risk assessment project management. The Senior Compliance & Risk Specialist will also be responsible for loan portfolio monitoring, compliance, and reporting on the portfolios serviced for other agencies and will work with the agencies to ensure contracts are fully met. The Senior Compliance & Risk Specialist will work with a variety of external clients, including staff from local jurisdictions and nonprofit developers. Your internal clients will consist of staff from the lending and finance departments as well as senior staff of the organization.

Responsibilities:

Enterprise Risk Management:
• Collect and assess risk data, risk management performance, and exposures to potential future events.
• Supervise/project manage outside consultants who perform individual risk assessments and work with managers to develop and implement adequate risk management controls (policies, procedures, systems, and staffing).
• Identify risk ownership gaps and overlaps requiring resolution to ensure appropriate ownership of the risk and facilitate sharing of best risk management practices across the organization.
• Implement appropriate risk reporting for the board of directors, board committees, and senior staff.
Loan Portfolio Management:
• Annual monitoring of the portfolios tracking and reviewing loans for covenant compliance, working on loan modifications, payoffs, subordinations and re-conveyances; drafting or modifying loan documents as needed; planning workouts for troubled loans as needed; and performing site visits.
• Perform post-closing loan reviews to verify loans were closed as approved and per standard policy.
Policies and Procedures:
• Drive the timely updating of company-wide policies such that they are accessible and in coherent formats.
• Assist the Asset Management team in identifying efficiencies and procedural improvements in order to execute the overall loan portfolio management plan.
Other Duties:
Assist with the development of new programs, product initiatives, and/or investor requests.

Requirements:

• A Bachelor’s degree in business, finance, real estate, or related field, and a minimum of 3 years work experience in community development, banking/lending, program management, nonprofit organization, and/or customer service. Experience with affordable housing projects/programs is desirable.
• Familiarity with risk management practices
• Familiarity with loan documents utilized in real estate transactions, ability to read and interpret legal document and contracts (promissory note, subordinations, rental agreements, etc.) and underwriting/escrow closing documents.
• Must possess the ability to comprehend and interpret federal, state, and local laws and regulations to ensure compliance.
• Ability to process large data sets with accuracy.
• Capable of managing multiple tasks requiring strong attention to detail.
• Experience with managing a portfolio of real estate based loans for a government agency or financial institution is preferred.
• Experience with single-family mortgage lending, preferably with some knowledge of first-time homebuyer programs a plus.
• Proficiency with Microsoft Excel is essential and database experience (Salesforce or Mortgage software) are a plus.

Compensation:

Housing Trust offers a competitive compensation package, including a bonus plan and benefits. This is a full-time, non-exempt position. Compensation for this position is between $70,000 and $80,000, depending on experience.

How to Apply:

Resumes will be reviewed and considered on an ongoing basis. To be considered for this position, please submit a letter of interest and resume to Jobs1@housingtrustsv.org.

Nonprofit Real Estate Consultant Community Vision
San Francisco, CA
Job Function: Other
Posted: June 20, 2019

Background:

Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Community Vision provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.

The Consulting Program provides technical assistance in financial management and real estate services for nonprofit organizations. Our team of consultants use wisdom, industry expertise, and passion to improve nonprofit programs and services. Through strategic guidance and trainings, we identify and create strategies to help organizations build operational efficiencies and develop long-term plans to meet financial and real estate goals.

For more information on our programs and services, please visit our website at: https://communityvisionca.org/

Position Summary:

Community Vision works with governmental and nonprofit organizations to develop plans that address the real estate needs of their programs. Focal areas for our work include community arts facilities, multi-tenant centers, mixed-use development and facilities for organizations that serve communities on the margins of opportunity in Northern California.

The Real Estate Consultant will work with Bay Area nonprofit organizations to plan and implement their real estate projects. Specifically, the Real Estate Consultant will provide facility planning, assess organizational financial capacity, identify and evaluate potential sites, negotiate leases/purchase agreements, analyze financial feasibility, assist with selection process for development team members, and assess property and asset management needs.

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

Responsibilities:

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 the one-time and ongoing costs of a real estate projects.
• Work with clients to assess their asset management options.
• Manage and maintain positive client relationships.
• Assess the capacity of the client’s financial structure to support project costs and debt.
• Organize, plan and conduct workshops on real estate topics.
• Collaborate with strategic partners to integrate real estate training into comprehensive capacity building programs.
• Measure and track results of consulting engagements.
• Assist program staff with creation of marketing materials and marketing strategies for informational workshops.

Business Development
• Represent Community Vision at various community meetings, convenings, and conferences.
• Market Community Vision’s services and products to community based organizations, municipalities, and other potential clients.

Program Management & Administration
• Conduct on-going “best practices” research and document results for the benefit of real estate consulting clients.
• Work with staff to maintain Community Vision’s consultant referral network.
• Attend staff meetings and work with Community Vision staff to coordinate real estate consulting program with other organizational programs.
• Prepare applications and reports to external funders (government agencies, foundations, etc) for third party contracts.

Requirements:

Minimum Requirements:
• 3+ years experience with development of community facilities, affordable housing or commercial real estate.
• Ability to design and build financial analysis models for real estate.
• Bachelor’s Degree in a related field or equivalent experience.
• Valid California Drivers License for required driving.
• Ability to conduct site visits throughout Northern California.

Desired Qualifications, Skills & Experience:
• Experience with nonprofit facility development and/or 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:

Compensation and Benefits:
Starting salary is $80,000-$92,000 depending on experience, plus an excellent benefits package including health, dental, retirement plan, three weeks vacation, and a commitment to work/life balance.

How to Apply:

To Apply:
Email to hr@communityvisionca.org. Please write “Real Estate Consultant” on subject line. Resumes without cover letters will not be considered.

OR

Mail résumé and cover letter to:

Community Vision
Attn: HR
870 Market Street, Suite 677
San Francisco, California 94102

DIRECTOR, LENDING AND ASSET MANAGEMENT NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS (NALCAB)
SAN ANTONIO, TX
Job Function: Lending/Loan Operations
Posted: June 20, 2019

Background:

The National Association for Latino Community Asset Builders (NALCAB) represents and serves 100+ nonprofit organizations across the nation, which includes real estate developers, business lenders, economic development corporations, credit unions, and consumer counseling agencies.

NALCAB implements responsible, market-based strategies for strengthening underserved communities, rebuilding the ladder of economic mobility for low- and moderate-income Americans and supporting the economic integration of immigrants through equitable neighborhood development, investing in small business and building family financial wellness. In close alignment with its core programmatic activities, NALCAB operates a fellowship to invest in next-generation leadership within its Network and implements a training institute focused on culturally and linguistically relevant asset building services.

Our mission: NALCAB strengthens the economy by advancing economic mobility in Latino communities.

Position Summary:

Under general direction from the Chief Program Officer, this position is responsible for performing professional level work to manage NALCAB’s lending and asset management activities. The Director will work closely with program staff, Chief Financial Officer, and Executive Director to oversee NALCAB’s Community Development Financial Institution (CDFI) Technical Assistance (TA) and capacity building, NALCAB’s Department of Housing and Urban Development (HUD) funded Rural Revolving Loan Fund (RLF), support NALCAB’s Social Impact Real Estate Catalyst fund and other small business-related lending TA and capacity building activities.

Responsibilities:

• Responsible for all asset management activities including oversight of property management activities (internal and third-party); regulatory agreements and requirements; development and oversight of property budgets and financial performance; lender, investor and program compliance reporting.
• Conduct/ensure annual property monitoring, review of financial budgets and reports, create reports to partners.
• Work proactively to identify property performance issues as they arise. If needed, work collaboratively with housing and property management staff to create and implement a workplan or other steps to address performance concerns.
• Participate in various working groups dedicated to industry, local and national policy or community development in accordance with NALCAB’s mission, vision and values, as requested.
• Ensure compliance with all regulatory agencies and funders.
• Conduct trend analysis on portfolio performance.
• Support program staff to review vendors and negotiate contracts.
• Respond to and track legal issues.
• Develop, cultivate and maintain positive relations with funders, investors and vendors.
• Manage and evaluate pipelines of CDFIs and small business lenders within the NALCAB network.
• Actively develop prospective loan opportunities from multiple sources, including: lending institutions; community economic development organizations; and sector-specific organizations and associations.
• Effectively market and represent NALCAB’s Rural Revolving Loan Fund to a range of audiences at conferences, in one-on-one meetings, and in target markets.
• Evaluate loan requests and applications to determine fit with NALCAB’s Rural Revolving Loan Fund investment strategy and overall portfolio.
• Conduct due diligence, utilizing underwriting guidelines and financial software to evaluate loan applications.
• Write investment recommendations with proposed terms and conditions and present them to NALCAB’s associated Investment Committees. Upon approval, negotiate final terms and conditions of investment with the applicant.
• Monitor the financial and organizational health of borrowers, through analysis of financial statements and annual site visits. Recommend follow-up action and restructuring loans when necessary.
• Assist NALCAB’s Chief Financial Officer, Chief Program Director and Executive Director in continuously improving NALCAB’s underwriting and loan/investment policies and practices; operating practices; and marketing and outreach practices and materials.
• Perform other duties as assigned by NALCAB’s Chief Program Officer, including but not limited to: portfolio analysis and advising on other lending/finance-related projects as needed.
• Support the Executive Team.
• Approximately 25% travel. All travel is within the United States.
• Other duties as assigned.

Requirements:

Experience
• Experience and success in working with low-to-moderate income, minority and immigrant communities.
• A minimum of five years’ experience in small business lending.
• A financial background with a strong understanding of balance sheet, income statement and cash flow analysis and loan underwriting.
• Ability to write well, communicate verbally in a succinct and persuasive manner, and interact effectively with a wide range of individuals, e.g., colleagues, lenders, funders, low-wealth and minority borrowers, and technical assistance providers.
• Strong analytical, time management, and organizational skills, including a high level of attention to detail and ability to work independently.
Preferred Experience
• Prior lending and/or business experience with food-based businesses, commercial kitchens, incubators and other place-based investments.
• Experience with alternative lending and credit enhancement programs, Credit Union products, SBA, USDA, CDFI, New Markets Tax Credits and other federal related lending programs.
• Experience with Social Impact Investing.
• Experience with debt and equity financing.
• Experience with Salesforce and other lending software.
• Non-profit sector experience.
• Bilingual (English/Spanish – strongly preferred).
Knowledge, Skills and Abilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
• Experienced in community economic development and asset building.
• Proven cultural competency and ability to work in culturally and ethnically diverse environments.
• Outstanding written, verbal and interpersonal communication skills.
• Skill in utilizing a personal computer and associated software programs, including MS Outlook, PowerPoint, Word and Excel.
• Experience in developing and evaluating surveys.
• Multi-task and meet deadlines.
• Ability to maintain confidentiality of information.
• Ability to work independently within a fast-paced environment.
• Perform all the intellectual and analytical requirements of the position, including decision-making.

Compensation:

$78,625-$106,375 commensurate on education and qualifications

How to Apply:

Contact Ms. Michele Anderson at Michele.Anderson@Insperity.com

Baltimore Business Development Manager Arctaris Impact Investors
Baltimore, MD
Job Function: Investment
Posted: June 20, 2019

Background:

Arctaris is a social impact investment firm that helps create paths to prosperity by investing companies located in low-income communities throughout the U.S. Since 2009, Arctaris has demonstrated that investments in underserved communities can fuel significant job creation and generate market returns. We have launched and successfully managed four social impact investment funds, all with a focus on economic development, worker training and sustainable job creation. www.arctarisimpact.com

Position Summary:

Arctaris seeks a full-time business-development manager to lead its investment strategy in the Baltimore region. The successful candidate will have an entrepreneurial spirit and the ability to thrive with an experienced, lean team in a dynamic environment.

Responsibilities:

Evaluate investment opportunities including deal structuring, negotiation, business analysis, valuation, due diligence, and documentation ➢ Recommend financing transactions based on an investment thesis that is supported with an analysis of the corporate financials, business prospects and strategy, and the market fundamentals ➢ Oversee various third-party service providers (e.g. accountants and legal) during due diligence ➢ Advise portfolio companies throughout the investment life

Requirements:

Minimum of 12 years of relevant experience in banking and/or financial services industry with 3 years of leadership experience
➢ Ability to build and maintain effective working relationships with all levels of customers, investors, and commercial banks.
➢ Ability to manage a wide variety of different tasks and effectively prioritize duties.
➢ Proficiency in credit analysis and structuring fundamentals.
➢ Maintain a network of business introducers in the local professional and business community and involvement in key market organizations ➢ Excellent communication skills; ability to distill complex details into concise, understand takeaways
➢ Bachelor's degree in business, finance, or related discipline.

Compensation:

Compensation will be competitive and based on skills, experience

How to Apply:

Please send resumes to cristina@arctaris.com

Compliance Officer Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Other
Posted: June 19, 2019

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation ("UMEZ") is to revitalize Upper Manhattan's economy and quality of life through business, cultural and workforce development investments. The communities we target for investment activity include Central, East and West Harlem, Washington Heights and Inwood. UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over $1.1 billion in private capital, and has funded 100 small businesses.
In 2017, UMEZ became a recognized Community Development Financial Institution (CDFI) with over $80 million in assets. UMEZ is proud to be certified by the U.S. Department of Treasury’s CDFI Fund as part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

Position Summary:

Summary: The Compliance Officer reports to the General Counsel and is responsible for monitoring compliance with grant and loan agreements and/or contract requirements. This candidate must also be able to develop, implement and update contract management procedures. The Compliance Officer is responsible for analyzing reports from grantees and borrowers; determining with Program or Loan Officers the terms and contributions of any contract amendments or loan restructuring; and presenting recommendations to Senior Management. The Compliance Officer also will work with senior management to research and identify funding opportunities from corporations, banks, government sources, foundations, and other philanthropic organizations to further UMEZ’s mission. In addition, he/she will assist in reporting and database tracking.

Responsibilities:

• Monitor grantees/and borrower compliance with terms and conditions of grant and loan agreements, respectively.
• Work inter-departmentally to monitor and approve project-related fiscal disbursements
• Conduct site visits to evaluate operations of grantees and borrowers and their compliance with grant and loan documents
• Develop internal and external compliance reports
• Develop and modify policies/procedures/systems in accordance with organizational needs and objectives.
• Prepare monthly loans analysis reports and make recommendations to Senior Management regarding loan portfolio performance including allowances for doubtful accounts
• Review loan documents to ensure that required reporting and disbursement procedures are included
• Assist in developing and identifying funding opportunities by undertaking research as directed by the CEO. Recommend options and present findings.
• Assist with preparing funding requests and proposal coordination.
• Prepare funding reports, prospect research, tracking, and collecting necessary data for reporting purposes to funders; update tracking spreadsheets for funding, including deliverables to ensure timely fulfillment of funding requirements.

Requirements:

• 5-7 years of grants and project management experience in community development or related setting
• Bachelor’s degree required. Master’s in Public Administration or comparable graduate degree
• Demonstrated knowledge of funding application procedures, including the development and writing of requests for funding applications.
• Strong interpersonal and communication skills (oral and written).
• Excellent fiscal and organizational skills.
• Community residence and/or familiarity with the Upper Manhattan community preferred

Compensation:

The salary will commensurate with experience.

How to Apply:

Interested candidates should e-mail or mail a resume and cover letter with salary expectations to:

Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Compliance Officer

No Phone Calls or Faxes Please

Chief Executive Officer Invest Appalachia
Charleston, WV
Job Function: Financial Services
Posted: June 19, 2019

Background:

Invest Appalachia is an emerging nonprofit organization & impact investment fund (Invest Appalachia Fund), built by regional stakeholders in Central Appalachia. Invest Appalachia is a transformational effort to ignite regional markets, cultivate dynamic talent, and create equitable economic opportunity for Appalachian people and places. Working side-by-side with stakeholders from across the region, Invest Appalachia developed a pathway to finance community-driven projects by blending philanthropic, catalytic and concessionary investment capital to accelerate the critical economic transition happening today in a manner that is just and equitable for all Appalachians. Invest Appalachia will embolden the groups working on the ground in Central Appalachia, offering a blend of capital to build up strengths and abilities as well as address critical gaps in the financing pipeline – we find solutions to make the impossible, possible.

Position Summary:

The Chief Executive Officer of Invest Appalachia will be a dynamic and forward-thinking leader who collaborates to operationalize and launch a successful blended impact investment platform that accelerates market growth in Central Appalachia. The CEO is charged with developing, nurturing and leading effective working relationships with a diverse range of community partners and investors including the Appalachian Funders Network, Central Appalachian Network, financial institutions, local and federal governments, regional planning districts, nonprofit organizations and socially minded corporations. The CEO is responsible for the day to day management of Invest Appalachia and supporting the Board of Directors to ensure alignment with the Invest Appalachia Fund. The CEO is directly accountable to the Invest Appalachia Board of Directors.

Responsibilities:

The CEO shall provide the following functions:

1. Visionary and Strategic Leadership
a. Collaborate with Invest Appalachia Board of Directors, the Appalachia Funders Network Working Groups, Invest Appalachia Working Group & Task Force to refine and implement the Invest Appalachia model to ensure the stakeholder activities and community priorities are aligned.
b. Continue to cultivate the Board of Directors, Community Advisors in their governance leadership role to create effective and transparent working relationships by ensuring open communications regarding the financial, programmatic and impact performance of Invest Appalachia
c. Ensure successful achievement of the board’s regulatory, fiduciary and statutory responsibilities.
d. In partnership with the Board and Community Advisors help build a diverse and inclusive board this is representative of the region, and aspires to increased diversity, and that is highly engaged and willing to leverage, secure and steward resources.
e. Provide tactical and inspirational leadership and to ensure the launch and continued development and management of a professional and efficient organization; establish effective communications and decision-making processes to achieve Invest Appalachia’s short and long-term goals and objectives.

2. Development and Marketing
a. Oversee the creation and execution of a comprehensive donor and investor outreach plan including a short and long-term strategy for securing the capital and resources to advance Invest Appalachia (both the 501(c)3 and the investment fund).
b. Champion strong relationships at the highest levels of local, state and federal government, as well as in the corporate and foundation arenas.
c. Ensure that funds are allocated properly to reflect donor & investor designations, current priority needs and future potential
d. Coordinate a market branding and communications strategy that is dynamic and accurately represents the growth and impact of Invest Appalachia and as well as the investability of the region.

3. Develop Talent, Infrastructure and Operations
a. Motivate and supervise the work of the Community Manager and other consultants supporting the work of Invest Appalachia.
b. Ensure alignment and coordination between the Community Manager and the Investment Manager
c. Lead an annual operating plan implementation process to ensure the strategic goals are brought to life and ensure the delivery of high-quality engagement, services, programs and catalytic capital expenditures to advance Invest Appalachia’s mission.
d. Oversee the investment management of the Fund, partnering with an outside management team and the Board of Directors to ensure alignment and responsible stewardship of the resources.
e. Develop short-and long-term financial plans for the infrastructure and operations of the organization. Develop an annual budget and ensure that sound financial controls remain in place. Set financial priorities to ensure the organization is operating in a manner that supports alignment with our partners, the strategy, the operations and staff.

Requirements:

Qualifications
• Minimum of a Bachelors, Masters, or related advanced degree preferred.
• At least 10-15 years of overall professional experience, with at least 10 years of senior leadership experience is critical; prior nonprofit experience ideal. Management of a regional or multisite organization preferred. Significant experience in board development, talent management, donor relations, advancement, marketing/branding, and fiscal management experience a must.
• Experience working for a Board of Trustees and developing an engaged and effective governance model.
• Demonstrated success in developing and implementing strategic plans, the ability to think strategically, identify new opportunities, and lead change.
• A financially savvy and politically astute leader with the ability to set clear priorities, delegate when required, and guide the ongoing investment in people and systems. Keen analytic, organizational, and problem-solving skills, which support and enable sound decision making.
• Experience with foundation/nonprofit fiscal management, law, budgeting, and investments is critical.
• Excellent trust and relationship-building skills, collaboration, and coalition-building skills with an ability to communicate and work effectively with a variety of internal and external stakeholders. An inspiring, persuasive negotiator able to achieve consensus among differing opinions and perspectives.
• Outstanding presentation and communication skills, and the experience and proclivity to be an outgoing spokesperson, relationship builder, and broad-based philanthropic supporter.
• Must be committed to the region we serve. The preferred candidate will live in Central Appalachia.
• Evidence of ability to lead the mission in accordance with the Invest Appalachia’s guiding values.

Compensation:

Competitive nonprofit salary, based on experience.

How to Apply:

Please send us an expression of interest, your resume and the names of three references to skr@purpletiger.org. Applications will be reviewed on a rolling bases from July 15th onwards. As you prepare your response please feel free to send us any questions to the same email address. We will respond.

Tax Credit Operations & Compliance Manager Sparks Group
Arlington, VA
Job Function: Lending/Loan Operations
Posted: June 19, 2019

Background:

Bringing the Best People and the Best Companies Together Since 1970.

Sparks Group is a leading temporary staffing and full-time recruiting services provider. Whether you are seeking your next opportunity or looking to add talent, Sparks Group is the ideal partner for you! Each of our four divisions (Office, Accounting & Finance, Information Technology, and Creative) specializes in placing professionals in temporary/contract, contract to hire, and full-time roles across a diverse array of staffing categories, positions and levels including: office/administrative, customer service, human resources and talent acquisition, legal support, government and cleared personnel, mortgage/banking, accounting and finance, contracts and procurement, information technology and creative/marketing.

Sparks Group brings over four decades of experience placing professionals in challenging and rewarding positions at many of the area’s most prestigious organizations. Our primary focus is presenting opportunities that match each candidate’s skill-sets, experience levels, career objectives, and growth needs. Sparks Group has regularly ranked as one of the top US staffing and recruiting firms having been named to Inavero’s Best of Staffing Lists® for Client and Employee Satisfaction (2012-2019). Additionally, Sparks Group is proud to have been recently selected for other awards Staffing Industry Analysts’ Best Staffing Firms to Work For (2017-2018), Washington Business Journal Best Places to Work (2017), the Washington Post’s Top Workplaces® List (2017-2018), Forbes® Best Professional Recruiting Firms (2017), and the National Capital Business Ethics Award.

Position Summary:

Sparks Group is collaborating with a leading national lender in the Washington, DC metropolitan area to find an experienced management professional to fill an NMTC Operations & Compliance Manager role. You will strengthen the Fund & Program Operations team in this position and will bring together multiple areas in the company to give understanding, implement structural and procedural controls, ensure that the appropriate data is collected, and that effective management is implemented.

Responsibilities:

- Manage reporting to regulatory agencies, including the registration of investment activities, annual reporting, and response to applicable notices
- Condense partnership agreements, loan agreements and other related documents within compliance
- Ensure that applicable parties maintain their community development status
- Conceive of and execute departmental and organizational policies and procedures streamline quality output while tracking adherence to rules, regulations and procedures
- Coordinate the transition of investments from closing to ongoing monitoring
- Manage NMTC unwinds side by side with the Legal Counsel
- Support the Finance Team’s oversight of financial reporting preparation
- Work with Treasury for cash movement and Accounting for entries by regularly reviewing and understanding revenue and their sources and the uses/payments required for the subsidiary or program
- Manage preparation of investor reports to management, the board of directors and government agencies while keeping general portfolio statistics
- Convert the legal requirements into operational processes as needed
- Keep up-to-date with tax and compliance requirements
- Determine the correct funds to be remitted to investors
- Find and solve any remittance discrepancies with the investor or program manager
- Establish investor setup and open accounts for new loan sales/participations and NMTC deals
- Develop staff training materials and programs
- Learn and use in-house software systems

Requirements:

- Bachelor’s degree required
- Business or Finance degree preferred
- 2+ years of management experience
- 3+ years of experience working in a commercial bank or related industry
- Proven understanding of business concepts, practices and procedures
- Experience with developing detailed schedules including tasks, accountability and deadlines
- Strong oral and written communication skills
- Solid organization and detail-oriented qualities are essential
- Proficient in Microsoft Word, Excel and G-Suite

Compensation:

Direct hire, salaried opportunity, commensurate with experience

How to Apply:

To apply, please send your resume to mneal@sparksgroupinc.com

Loan Officer Shared Capital Cooperative
Minneapolis-St. Paul, MN
Job Function: Underwriting
Posted: June 19, 2019

Background:

Shared Capital Cooperative is a national CDFI loan fund specializing in lending to cooperatively owned businesses and housing. We are committed to fostering a just, equitable and democratic economy by investing in the development and growth of cooperative enterprises. Shared Capital provides financing for cooperatives, including worker, consumer and producer-owned businesses and housing cooperatives, especially those organized by economically marginalized communities. Shared Capital is democratically owned and governed by 250 cooperatives across 36 states. Shared Capital is a $13 million loan fund with a 40-year successful track record. More information at www.sharedcapital.coop.

Position Summary:

The loan officer will be a key member of the Shared Capital Cooperative lending team. They will work creatively with applicants and borrowers around the US to support access to capital for worker-owned cooperatives, consumer-owned food cooperatives, small farmer and producer-owned cooperatives, housing cooperatives and other cooperative businesses. The loan officer will underwrite and originate loans and provide technical assistance and training to cooperative managers and boards.

Responsibilities:

The Loan Officer is expected to deliver the following results:

Loan Underwriting & Lending
-Underwrite loans to cooperative businesses in order to advance mission and goals for impact and lending, including conducting due diligence and credit analysis, preparing credit memos and presenting recommendations to staff lending team, volunteer loan committee and board of directors;
-Work with prospective borrowers throughout the loan application and borrowing process to ensure a high level of customer satisfaction and retention;
-Appropriately structure loans, negotiate terms and coordinate with local and national lending partners, including banks, credit unions and other CDFIs;
-Cultivate and manage lending opportunities to meet lending and impact goals through outreach and engagement of members, prospects, cooperative developers and partners;
-Monitor the performance of loans to track financial performance and compliance in order to support the success of the borrower and manage portfolio risk;
-When needed, manage workouts, defaults, dissolution and/or bankruptcy to support the success of the business, where possible, and to ensure the repayment of loans.

Technical Assistance and Training
-Provide technical assistance and advice to cooperative organizers, managers, and board members to help them plan for and support their long-term financial succes;
-Represent Shared Capital and make public presentations about the organization, cooperative lending and finance at regional and national events and conferences;
-Develop and deliver engaging and effective workshops and presentations.

Requirements:

The successful candidate will have the following qualifications and characteristics:
-Three to five years of experience in small business or commercial lending, especially with a CDFI or similar; and/or three to five years of experience in cooperative or small business operations and management;
-Strong financial aptitude and financial analysis skills;
-Bachelor’s degree or equivalent experience required; MBA, MA or comparable in management, finance, public policy or a related area, preferred;
-Proven capacity to work effectively and build respectful relationships with people of diverse cultures and backgrounds;
-Self-directed and able to effectively organize priorities and manage multiple projects;
-Collaborative and committed to working as a part of a team;
-Excellent verbal and written communication skills;
-Knowledge of cooperative business models;
-Critical understanding of economic inequities in the United States and commitment to social and economic justice;
-Willingness and ability to travel regularly (approximately 10% of the time);
-Spanish language proficiency a plus;
-Exceptional customer service and interpersonal skills;
-High level of computer proficiency Windows and Office, especially Excel.

This full-time position is located in our Minneapolis-St. Paul office. Remote work may be considered.

Shared Capital Cooperative is an Equal Opportunity Employer. We are committed to building a diverse and an inclusive organization. We do not discriminate on the basis of race, color, creed, religion, national origin, sex, gender, age, marital status, disability, public assistance status, prior convictions, personal credit score, veteran status, sexual orientation, gender identity, or gender expression. We desire a diverse pool of applicants and particularly encourage applications from women, people of color, LGBTQ and immigrants communities.

Compensation:

Shared Capital offers competitive salary and generous benefits package, including employer-paid health and dental coverage, Health Savings Account, short and long-term disability, matching retirement contributions and generous Paid Time Off.

How to Apply:

Submit a cover letter and resume to jobs@sharedcapital.coop. Position is open until filled.

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