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. To edit or remove a posting please contact info@ofn.orgSubmissions will be reviewed and posted within 1 business day to ensure relevancy to the industry.

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

Associate, Loan Administrator Opportunity Finance Network
Washington, DC
Job Function: Financial Services
Posted: April 19, 2018

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:

This position is primarily responsible for assisting the Vice President, Loan Operations in the administration of OFN’s Bond Guarantee Loans. Such assistance will include collateral management, compliance management, database management, loan servicing monitoring and recordkeeping. Responsibilities also include assistance with OFN’s existing loan portfolio.

Responsibilities:

  • Support the preparation and submission of the Bond Guarantee Program application via collection, organization and remittal of financial documents.
  • Review and coordinate documents associated with borrowers requisition of Bond funds for completeness and compliance with the Bond Guarantee Program requirements.
  • Provide payment oversight of Bond Loans, management of Bond Loan collateral. Ensure proper administration of all Secondary Loan documents by the borrower including the creation and perfection of required security interests and liens on Secondary Loans.
  • Perform first level review of the performance, replacement and removal of Bond Loan Collateral and ensure non-performing collateral is replaced in a timely fashion.
  • Ensure borrowers maintain the required amount of collateral per Bond Loan legal documents.
  • Monitor escrow agent activities and the custody of Secondary and Tertiary Loan documents held by the escrow agent.
  • Review, coordinate and test for compliance with covenants of the borrower.
  • Track and submit monthly, quarterly and annual reports to the CDFI Fund to support compliance with the terms and conditions of the Bond documents via database management systems.
  • Process documentation as needed to declare Events of Default under the Bond Guarantee Program and initiate remedies when necessary.
  • Assist with administration of OFN’s existing loan portfolio including collection and coordination of loan documentation, on-boarding and modifications to existing loans, ensure closing conditions are met, and initiate the funding for each loan closing.
  • Prepare timely submissions of internal and external departmental reports.
  • Prepare and review invoices for loans and asset management.
  • Preserve, maintain and update borrower files and legal documents as needed.
  • Assist other financial services team members on projects or deliverables, as requested by the VP, Loan Operations.

Requirements:

Education and Experience:

  • Bachelor’s Degree or 5+ years direct work experience required.
  • 1-3 years of experience in lending markets that have similar characteristics to the loans of OFN, and/or title or mortgage industry experienced required.
  • Experience in loan operations with a financial and /or nonprofit institutions preferred.
  • Experience in multi-party lending structures, with borrowers, lenders, banks and servicers and backup servicers preferred.
  • Experience preparing loan documents utilizing a Loan Servicing Software or standard templates as well as CRM system experience desirable.
  • Experience or knowledge of the CDFI Industry a plus.
  • Experience in nonprofit or small office environment a plus.

Knowledge, Skills, Abilities, and Physical Requirements:

  • Knowledge of accounting or lending practices required.
  • Superior analytical and organizational skills required.
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
  • Ability to understand and modify financial statements is preferred.
  • Ability to understand loan documentation is required.
  • Ability to review the work of other partners/subcontractors is required.
  • Superior interpersonal skills and ability to work well with diverse constituents is required.
  • Knowledge of and commitment to community development preferred.
  • Proficiency with MS Office and database software is required.
  • Ability to work independently or in team environment as required.
  • Ability to manage multiple tasks effectively and efficiently under moderate supervision.
  • Some travel required (<10% of time).
  • No extraordinary physical requirements beyond ability to travel. 
  • Job involves normal physical requirements for an office position.  

Compensation:

Commensurate with experience

How to Apply:

To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF134

Credit Analyst Opportunity Finance Network
Washington, DC
Job Function: Financial Services
Posted: April 19, 2018

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 Credit Analyst supports senior Financial Services staff with servicing of the CDFI Fund Bond Guarantee Program, performing annual borrower reviews, and analytical support of loan underwritings. Responsibilities also include financial statement analysis, borrower credit reviews, loan requests, loan covenant compliance, and portfolio management duties. Assistance mainly involves gathering and compiling data, analyzing and preparing reports, composing written summaries, spreading financial statements, maintaining borrower and loan production files, communicating with borrowers, and preparing information for internal and external reviews. 

Responsibilities:

  • Assist senior Financial Services staff with the management of the CDFI Bond application process including support in servicing and managing assets under the CDFI Bond program.
  • Manage loan covenant compliance, including financial statement collection, borrowing base compliance with loan agreement, and following up with borrowers in the case of covenant violations
  • Spread borrowers’ financial statements into template
  • Assist Financial Services team in loan underwritings, including various analyses, calculations, summaries and other tasks as required by the underwriter
  • Assist in analysis and preparation of annual loan portfolio review
  • With support from senior staff, perform annual credit reviews of borrowers
  • Communicate status of receipt of quarterly financial statements, quarterly compliance checks and reporting, portfolio reports, spreads and scheduling of annual reviews
  • Assist in drafting and updating written procedures for credit administration
  • Analyze portfolio trends and identify portfolio vulnerabilities by interpreting data on payment trends, borrower financial ratios, pricing, economic influences, and other factors affecting the portfolio
  • Oversee maintenance of accurate, complete and up-to-date files and records
  • Schedule Investment Committee meetings, compile/distribute investment committee packages and follow-up with committee members needs/requests for information as well as take meeting minutes
  • 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:

Education and Experience

  • Bachelor’s Degree or 5-7 years of work experience in lieu of a degree
  • 1-3 years of experience in financial statement analysis and credit underwriting in a commercial lending environment desirable
  • Experience preparing loan documents utilizing a Loan Servicing Software or standard templates as well as CRM system experience desirable
  • Experience or knowledge of the CDFI Industry a plus
  • Experience or volunteer work in nonprofit or small office environment a plus

Knowledge, Skills, Abilities and Physical Requirements

  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance
  • Superior interpersonal skills and ability to work constructively with diverse constituents is required
  • Ability to analyze non-profit financial institutions’ financial statements required
  • Ability to understand loan documentation
  • 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
  • Understanding of and commitment to opportunity finance required
  • Proficient with MS Office Products/Internet
  • Job involves normal physical requirements for an office position.
  • Some travel required (10% of time)

Compensation:

Commensurate with experience

How to Apply:

To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF135.

Data/Research Analyst Senior Associate Opportunity Finance Network
Washington, DC
Job Function: Research and Analytics
Posted: May 29, 2018

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:

This position’s primary responsibilities are to assist Knowledge Sharing team members in conducting quantitative and qualitative research on community development financial institutions (CDFI). The position’s essential functions are assisting with the following: implementing online surveys and cleaning survey data; developing data cleaning processes; building and maintaining databases; producing tables, charts, and figures for OFN publications; producing OFN Member Peer Comparisons; responding to information requests from OFN staff, as well as external parties; processing transaction-level data for GIS mapping; improving OFN’s data visualization efforts; and researching topics requested by Knowledge Sharing team members.

Responsibilities:

  • Implements online surveys, including OFN’s annual Member Survey; drafts communications with CDFIs.
  • Oversees the Annual Member Survey process and continuously improves its efficiency, including but not limited to: programming the survey software, conducting the survey, providing assistance to respondents and extensive cleaning of survey data.
  • Conducts survey data validation by reviewing Members’ audited financial statements and tracking survey responses; develops data validation processes.
  • Interacts with OFN Members to ensure high quality survey responses and seeks input on survey designs and processes.
  • Develops and maintains the historical annual Member survey database using MS Access; creates queries in response to internal and external data requests.
  • Coordinates layouts for tables, charts, and figures used in publishable reports including the annual Side by Side publication, OFN Member Peer Comparisons, Inside the Membership, and Member Reviews.
  • Collects and validates transaction-level data for OFN’s CDFI Coverage Map website (a web-based GIS platform); drafts communication to increase Coverage Map participation.
  • Uses data visualization software (e.g., Tableau, GIS) to disseminate OFN’s research to internal and external audiences.
  • Responds independently to information requests from OFN staff as well as external parties and participates on projects as a Knowledge Sharing representative.
  • Researches topics requested by Knowledge Sharing team members.
  • Writes blog posts and other materials related to OFN’s research.
  • Performs other activities as requested by Knowledge Sharing team members.

Requirements:

Education and Experience

  • Bachelor’s Degree or 5-7 years of work experience in lieu of a degree; Master’s Degree a plus
  • 3+ years experience in data analysis using Excel experience with Access or another database software are required
  • 3+ years direct experience in quantitative research required; experience in qualitative research is highly beneficial
  • Experience with statistical software is required (e.g., R, SPSS); experience with Wincross is a plus
  • Experience with ArcGIS software is required
  • Experience with online survey software such as Survey Monkey, Qualtrics and/or similar software a plus
  • Experience with data visualization software (e.g., Tableau) is preferred
  • Experience or volunteer work in nonprofit or small office environment a plus

Knowledge, Skills, Abilities, and Physical Requirements

  • Extensive knowledge of financial statements is essential, understanding of non-profit financial institutions’ financial statements is a plus. 
  • Proficient with MS Office Products; advanced Excel and beginner Access required
  • Strong organizational skills, patience, and attention to detail required
  • Strong analytical skills as well as written and verbal communication skills required
  • Superior interpersonal skills and ability to work well with diverse constituents is required
  • Ability to work independently or in team environment is required
  • Ability to manage multiple tasks in effective and efficient manner required
  • Knowledge of and commitment to community development is highly beneficial; interest in learning about the community development finance field is required
  • Limited travel required (<10%)
  • No extraordinary physical requirements beyond ability to travel
  • Job involves normal physical requirements for an office position  

Compensation:

TBD on experience

How to Apply:

To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF137

SVP, Financial Services (Bond) Opportunity Finance Network
Washington, DC
Job Function: Financial Services
Posted: April 19, 2018

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 SVP, Financial Services contributes to the growth in influence and impact of OFN’s Financial Services through working to increase responsible and affordable capital for the CDFI industry.

The position is responsible for the expansion and implementation of OFN’s participation in the U.S. Treasury CDFI Bond Guarantee Program as a Qualified Issuer. Helps OFN successfully play its role as a "go between" financier to the broader CDFI community by offering long-term credit at below-market interest rates. Works with the CDFI Fund and other parties to expand access to more CDFIs and provide training to Eligible CDFIs.   Insures that more CDFIs have access to this program that incentivizes and empowers CDFIs to execute high impact projects including real estate, housing, daycare or healthcare centers, and municipal infrastructure.

Essential functions for the position include managing a team that helps CDFIs through the phases of application, underwriting, closing and bond disbursement, and in servicing, compliance and reporting to the US Treasury CDFI Fund. The SVP works closely with VP, Operations to contribute to the success of the overall OFN Financial Services team.

Responsibilities:

  • Manage all aspects of OFN participation as Qualified Issuer in the CDFI Bond Guarantee Program.
  • Build upon established practices for guiding CDFIs in the application, closing, disbursement, compliance and reporting phases of the CDFI Bond Guarantee Program.
  • Source Eligible CDFIs and structure high quality multi-party bond issuances.
  • Collaborate with senior leadership of OFN on relationship management with OFN borrowers
  • Collaborative member of the Financial Services Strategies Team in the development of new financial programs at OFN
  • Work in partnership with the CDFI Fund to expand access and eligibility to the CDFI Bond Guarantee Program
  • Assist on enterprise-wide initiatives as required
  • Manage the following activities with subordinate assistance:
    • Ensure compliance with government regulations, OFN policies and procedures and provides correction of inconsistencies and monitors error resolution
    • Oversee loan closing, documentation and processing duties

Requirements:

Education and Experience:

  • Bachelor’s Degree and 12 years work experience required; Master’s Degree preferred
  • 7+ years of direct experience in the financial services field; direct lending experience required
  • 5+ years supervisory experience required
  • Experience in financial statements analysis and credit underwriting required
  • Experience in lending required; experience in lending to financial and/or non-profit institutions will be an advantage
  • Exposure to complex financial transactions and deal structures a plus
  • Experience in nonprofit or small office environment a plus

Knowledge, Skills, Abilities, and Physical Requirements:

  • Superior analytical, problem solving, and organizational skills required
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance
  • Management, leadership and motivational ability required
  • Ability to understand and modify financial statements in order to perform credit and financial underwriting is required
  • Ability to perform and recommend best practice approaches to loan documentation is required
  • Superior interpersonal skills and ability to work well with diverse constituents is required Knowledge of and commitment to community development preferred
  • Ability to work independently or in team environment as required
  • Ability to independently manage multiple tasks effectively and efficiently
  • Modest travel required (25% of time)
  • No extraordinary physical requirements beyond ability to travel. 

Job involves normal physical requirements for an office position.  

Compensation:

TBD

How to Apply:

To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF136

Associate, Programs (Impact Investing) Mission Investors Exchange
New York City, NY
Job Function: Project Management
Posted: June 18, 2018

Background:

Mission Investors Exchange (MIE) is the leading impact investing network for foundations dedicated to deploying capital for special and environmental change.  With 200 members, Mission Investors Exchange leverages its expertise and resources to provide foundations with the education, inspiration, and connections to align more assets to mission.  Members rely on Mission Investors Exchange and each other for best practices, new investment opportunities, deal partnerships, and innovations in the practice of impact investing around the world.  Learn more about Mission Investors Exchange members and our work at www.missioninvestors.org.

Position Summary:

The Associate, Programs (Impact Investing) will support the Vice President, Programs in the development and implementation of MIE’s signature National Conference, Mission Investing Institutes, Executive Exchanges, and virtual program offerings, ensuring that MIE develops and delivers best-in-class programming that leverages the innovation, experience, and talent within and beyond its vibrant network.  

A successful Associate, Programs will work closely with the VP, Programs, our core team, and our diverse membership base of philanthropic leaders and affiliates to: 

  • leverage a strong financial or impact investing background, interest in adult learning, and passion for social change to help accelerate impact investing in philanthropy;
  • design and deliver high-impact impact investing education program opportunities for our members and the field at large;
  • gather feedback to continuously improve MIE’s offerings; and
  • create exceptional Member experiences drawing on strong project management skills

Responsibilities:

Key responsibilities include, but are not limited to:

  • Content creation such as session design and speaker selection for all impact investing in-person and virtual learning programs including: National Conference, Mission Investing Institutes, Executive Exchanges, and webinars
  • project management support for learning programs including but not limited to: speaker invitation and preparation, events management, and on-the-ground support, where applicable
  • support in developing and maintaining program budget(s) to build and ensure the sustainability of the business model for program offerings
  • support in development and maintenance of yearly program calendar
  • support in establishing and tracking key performance indicators, and adapting programs based on performance against them, to increase the learning, efficiency and impact across programs
  • gathering qualitative and quantitative feedback on program offerings on an ongoing basis, adapt and improve offerings based on feedback
  • registration management through online platforms, including use of Salesforce for attendee communications and tracking 
  • key program host, grant and sponsor relationship management
  • support for ensuring high quality attendee experience

Requirements:

PREFERRED QUALIFICATIONS:

  • A minimum of three to five years of professional experience.  Finance, impact investing or consulting experience preferred.
  • Passion for addressing social and environmental challenges and an appreciation for the power of investment capital to play a catalytic role in this process
  • Excellent strategic thinking skills, with a high level of intellectual curiosity
  • Pro-active, self-starter with an entrepreneurial mindset who is a creative problem-solver
  • Exceptional organizational and project management skills with an overall execution orientation; track record of effectively managing complex, multi-stakeholder projects
  • Strong verbal and written communication skills, with the ability to represent MIE to our stakeholders
  • Calm under pressure; ability to communicate, problem solve, and act decisively during times of change and/or under pressure 
  • Customer/ member-focused mindset
  • Learning orientation; interest in seeking feedback and new information consistently to strengthen own performance and that of team
  • Experience with Salesforce, or other CRM
  • Bachelor’s degree required; MBA (CFA, CFP, or CAIA) or other master’s degree preferred.  

Compensation:

Salary and benefits will be competitive and commensurate with experience.

How to Apply:

talent@missioninvestors.org Mission Investors Exchange is an equal opportunity employer and welcomes candidates from diverse backgrounds.

Communications Coordinator MACED
Berea, KY
Job Function: Marketing/PR
Posted: June 18, 2018

Background:

The Mountain Association for Community Economic Development (MACED) is a 42-year-old multi-strategy economic development organization that seeks to transition Eastern Kentucky’s economy into a just and sustainable post-coal future. We work with people and places in Central Appalachia and Kentucky to build a strong and diverse economy, increased family well-being, healthy and protected land, air and water, and an effective and accountable democracy.

MACED is a fast-paced, dynamic and growing organization with a 31-person staff that manages over $30 million in total assets. MACED seeks to make meaningful progress towards a Just Appalachian Transition through the following core strategies:

  1. investing capital in local enterprises and communities.
  2. demonstrating local-sector development ideas.
  3. engaging in research, communications and advocacy for policy and narrative change.
  4. building entrepreneurial and leadership capacity.

Position Summary:

The communications coordinator will enhance MACED’s impact by capturing and sharing MACED’s work and mission. The coordinator will coordinate MACED-wide communications systems (65 percent) and provide communications support to programs (35 percent).

Responsibilities:

Lead MACED-wide Communications

  • Assist with the development of MACED’s communications goals, approach, and strategy.
  • Implement communications strategies including print, multi-media, and online including increasing web audience and expanding social media presence.
  • Coordinate the work of contractors providing website design, development, and maintenance services.
  • Coordinate brand development and ensure brand coherence and flexibility as appropriate across the organization.
  • Cultivate relationships with and develop stories for media outlets.
  • Ensure the integration and use of Customer Relationship Management system.
  • Develop systems to capture stories of our work to document and communicate impact.
  • Oversee design, production, and placement of organizational materials including newsletter, impact reports, and programmatic materials in all of MACED’s offices.
  • Work with development staff to integrate communications and fundraising.
  • Manage MACED’s internal communications and build the communications skills of other MACED staff.
  • Ensure alignment of communications with MACED’s overall mission, vision, goals, and five-year plan.
  • Collaborate with Appalachian Transition Coordinator to support communications campaigns.

Support Program Communications Efforts

  • Work with programs to develop and implement marketing campaigns.
  • Support documentation of program work to assist in evaluation and promotion efforts.
  • Develop content and facilitate production of program materials.
  • Oversee contractors, interns, and students working to support programmatic communications efforts.

Requirements:

Minimum Qualifications and Characteristics:

  • Knowledge and experience
  • Bachelor’s degree in related field (journalism, communications, public relations, marketing, or related degrees) and/or three years of experience in communications, public relations, marketing or closely related field.
  • Strong design and aesthetic sensibilities.
  • Broad knowledge of the communications field and experience in production using a variety of media.
  • Understanding of marketing.
  • Experience leading groups.
  • Able to work well on a team with diverse members.
  • Experience managing multiple projects concurrently and on schedule.

Personal characteristics

  • Committed to MACED’s vision, mission, and values.
  • Demonstrated ability to be self-directed and execute high quality projects.
  • Willingness to travel for day and occasional overnight stays within Eastern Kentucky, Central Appalachia, and sometimes nationally.

Technology and software

  • Strong computer skills, in particular communications-related software.

Communications

  • Strong writing skills and the ability to write clearly for a general audience.
  • Experience with social media marketing.
  • Strong interpersonal communication skills.

Physical

  • Close vision with or without corrective lenses necessary for computer work. Manual dexterity needed to operate computer.
  • Able to perform assigned duties in a timely manner.
  • Valid driver’s license and ability to drive. Any employment offer is contingent upon applicant’s insurability on MACED’s group vehicle insurance policy.

Preferred Qualifications and Characteristics

  • Graduate degree in journalism, communications or a related field.
  • Experience working in non-profit organizations and in advocacy efforts; knowledge of the Appalachian region, specifically Eastern Kentucky; knowledge of just and sustainable economic transition and development, and community economic development.
  • Knowledge of customer relationship management systems and web-based communications and server platforms.

Compensation:

Additional Information
This full-time position offers a competitive salary based on experience, with a generous benefits package. The position is based in Berea, Kentucky. Berea is a beautiful, small college town, less than an hour south of Lexington, on the edge of the Appalachian region. MACED is an equal opportunity employer.

How to Apply:

Please e-mail your cover letter, resume, contact information for three references, and 2-3 work samples showing experience with writing and design to comm.hiring@maced.org. Applications will be reviewed immediately and will be considered until the position is filled. For more information about MACED, visit www.maced.org. Please no drop-ins.

Chief Credit Officer Accion San Diego
San DIego, CA
Job Function: Lending/Loan Operations
Posted: June 16, 2018

Background:

Accion, based in San Diego and serving the Southern CA geography, is a non-profit Community Development Financial Institution (“CDFI”) organization that creates economic opportunity for start-up and existing entrepreneurs who lack access to traditional credit.  The organization’s mission is to increase income and job stability for primarily low-to-moderate income self-employed entrepreneurs by providing loans ranging from $300 to $75,000, as well as business support services.  Please visit www.us.accion.org/region/southern-california  for more information.

 

Position Summary:

The Chief Credit Officer (“CCO”) position serves on the Accion leadership team and reports to the CEO.  The CCO is responsible for effectively growing and managing the organization’s active loan portfolio of ~$7MM in a quality manner.  Duties include maintaining bank and community relationships, structuring and managing new lending initiatives, supervision of the lending and servicing teams, as well as managing overall loan portfolio quality through sound underwriting and management of the collections and credit loss mitigation/recovery areas.

 

Responsibilities:

  • Interface with Board of Directors Credit Committee regarding lending methodology, policy, production and portfolio quality
  • Participate as key leadership team member in preparing information and structure for strategic organizational growth plans and goals, including annual budget preparation
  • Supervise the lending, portfolio servicing and collections staff (currently a team of 7)
  • Manage loan underwriting, approval and disbursement staff/process for mission fulfillment and risk mitigation
  • Manage Director of Loan Portfolio Quality and Compliance staff/process, including oversight of:
    • Credit Bureau reporting and related items
    • Collections negotiations and compliance
    • Asset disposition and legal team communications
    • Public/Private Sector loan loss reserve programs and compliance
  • Manage and administer new loan products and strategic mission-aligned initiatives
  • Ensure compliance with State/Federal licenses related to lending function
  • Assist CEO/CFO with programmatic goals and loan fund-related reporting
  • Participate in Accion community outreach efforts in tandem with Chief Strategy Officer

Requirements:

  • Bachelors degree required, Masters desired
  • Seasoned lending and credit analysis experience required
  • Management/supervision experience required
  • Collections experience required
  • Excellent oral and written communication skills required
  • Financial and quantitative skills required, including computer literacy
  • Strong organizational and time management skills 
  • High level of initiative and motivation
  • Ability to work independently and manage multiple tasks simultaneously
  • Team player and passion for assisting small businesses
  • Bilingual (English/Spanish) preferred 

Compensation:

Exempt, salaried position with benefits package.

How to Apply:

Please send cover letter and resume to Elizabeth Schott, CEO via email at eschott@accionsandiego.org

Chief Strategy and Implementation Officer Boston Community Capital
Boston, MA
Job Function: Finance
Posted: June 15, 2018

Background:

Boston Community Capital, a national nonprofit community development financial institution.

Position Summary:

Boston Community Capital, a national nonprofit community development financial institution, seeks a Chief Strategy and Implementation Officer (CSIO) to play a critical role in expanding the organization’s reach and impact over the next two decades. The new CSIO will serve as a catalyst, connector and implementer who translates the organization’s ambitious and innovative agenda for the future into concrete action steps and effective on-the ground programs. The individual will build on BCC’s impressive track record of providing affordable housing, good jobs, and new opportunities in low-income communities. 

Founded in 1985 with $3,500 in start-up funds, BCC has grown from a single, locally-based, community loan fund to a multi-tiered organization that serves as a national model of a think-and-do tank for community investment. Its service lines and programs include a national tax credit program, a nationally-acclaimed foreclosure relief program, a mortgage lender, a real estate acquisition entity, two double bottom-line venture funds, and an alternative energy initiative focused on stabilizing utility costs in multi-family affordable housing developments. With $1.1 billion of assets under management, BCC is a self-sustaining business with 2017 revenues exceeding $38 million and a staff of 45.

Reporting to the Chief Executive Officer (CEO) and working closely with others on the C-Suite team, the new CSIO will craft and execute plans for new initiatives and for the growth and improvement of existing programs. To achieve these goals, the CSIO will manage teams working throughout the organization.  

BCC seeks candidates who have a commitment to improving the lives of low-income populations and communities. The successful candidate must have outstanding execution capabilities and be comfortable working in a values-driven organization operating at the intersection of downtown business expertise and community needs. The individual will have substantial experience in a senior management role developing and implementing new business and growth strategies in a nimble, entrepreneurial and complex environment.  In addition, they should be familiar and comfortable with the complex interplay of policy, law and commerce in solving social and economic issues. 

Responsibilities:

Please see position summary.

Requirements:

Please see position summary.

Compensation:

TBD

How to Apply:

Acceptance of inquiries, nominations, and applications will begin immediately and continue until the completion of the search process.  Applicants are encouraged to transmit a detailed letter of interest and resume to www.imsearch.com/6610

Daniel Rodas, Vice President
Donna Cramer, Managing Associate
Isaacson, Miller

Boston Community Capital is an Equal Opportunity provider

Senior Real Estate Development Manager Self-Help
Durham, NC and Greensboro, NC, NC
Job Function: Project Management
Posted: June 13, 2018

Background:

Self-Help is a leading national community development financial institution headquartered in Durham, NC. Since 1980, Self-Help has provided over $7 billion in financing to 146,000 families, individuals and businesses. It helps drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. The Self-Help family of nonprofit organizations includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending. Through its credit union network, Self-Help serves over 145,000 people in North Carolina, California, Chicago and Florida.

Position Summary:

The Senior Real Estate Development Manager is responsible for the execution of real estate development projects, including the management of all aspects of the real estate development process from conception through completion. The Senior Real Estate Development Manager balances big picture vision/strategic thinking with day-to-day project management in close collaboration with Self-Help colleagues and third-party partners and vendors. Projects may include commercial (e.g., office, retail, hotel, multi-family) and residential (e.g., single-family homeownership) real estate development.  

For this specific Senior Real Estate Development Manager position, these functions will be carried out full-time at Revolution Mill in Greensboro, NC, until such time that the development activities there and at associated properties have been completed.  The Senior Real Estate Development Manager will guide the on-site project team in the overall strategic visioning of the 50+-acre Revolution Mill campus; complete Phase 1 (finishing construction and initial lease-up of completed spaces); and develop and execute development of subsequent phases (Mill House and the Olympic Mill property and associated structures) with other Self-Help staff.  The position will be responsible for overall financial performance of the asset, including drafting, executing and monitoring performance projections, financial modeling, budgeting, and reporting.

Upon completion of the above phased work, this position will work with the Real Estate Team Leader to reevaluate the ongoing development staff needs of Revolution Mill and explore other development opportunities beyond the campus.

Responsibilities:

  • Guide and coordinate the overall strategic vision for the Revolution Mill campus.
  • Work with team members and external partners to identify and evaluate development opportunities.
  • Establish relationships with potential project partners, tenants, and the broader community.
  • Assess project feasibility and risk and refine project vision and plans as needed.
  • Coordinate neighborhood planning and market analyses. Conduct other project feasibility tasks as needed.
  • Coordinate due diligence activities to test and implement potential development projects
  • Prepare and update detailed proformas typically using NMTC, HTC and/or other forms of subsidy.
  • Structure financing including sources, negotiating terms, and closing.  Prepare investment memos to the SHVF Real Estate Investment Committee as needed for internal financing.
  • Obtain appropriate and necessary entitlements and manage/perform other predevelopment tasks as needed.
  • Ensure that the development planning and results accurately reflects the strategic vision.
  • Maintain project development budget and track actual expenses.  Ensure project remains within budget; properly addresses needed variances in advance. 
  • Maintain project schedule and track progress against plan.
  • Work in a collaborative, facilitative process with other Self-Help staff members as part of a project team to identify, discuss, and determine optimal development strategies.
  • Work with the Real Estate Associate - Development and Leasing to identify how to move projects forward together collaboratively as the on-site development team.
  • Work closely with construction management staff to ensure design development documents and development budget meet project needs.
  • Work closely with leasing team to lease the property to achieve vision/mission and financial goals of the project.
  • Maintain communication with external partners to keep them apprised of the progress.
  • Manage partnership agreements, legal, cost certification and other compliance aspects of the development project.
  • Facilitate project transition from development team to operations team once development project is completed.
  • Prepare and maintain financial performance reports that integrate operations revenue and expenses into financing projections.
  • Develop management reports for Real Estate Team Leader and Self-Help Senior Management on financial performance of asset on regular basis
  • Communicate regularly with tax credit investors. Submit tax credit equity draws to investors.
  • Lead on-site team, including third party contractors, to create and maintain a positive team culture and encourage connections back to Durham Real Estate Team.
  • Supervise, direct, develop, and evaluate staff and interns.
  • Actively participate in Real Estate Team activities, specifically as a member of the Project Management Group within the Real Estate Team.

Requirements:

  • Master’s degree in business administration, city or urban planning, architecture, public policy, or other related field OR equivalent relevant experience
  • Minimum of five years of real estate development, project management or finance experience.
  • Specific experience and/or knowledge of the financing of commercial real estate development required.
  • Experience in review of contracts, grant agreements, legal documents or other demonstrations of legal reasoning.
  • Knowledge of the economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data in order to prepare and analyze financial statements, operating projections, budgets and cash flows.
  • Willingness and comfort working in community settings with diverse groups.
  • Strong financial and analytical ability, as demonstrated by past experience and capacity to learn.
  • Strong written skills, including proficiency in email and formal memorandum writing.
  • Excellent verbal communication and interpersonal skills, with the ability to work with a wide range of individuals and teams in diverse settings.
  • Ability to effectively hire, develop and motivate staff.
  • Solid organizational skills and ability to manage and balance multiple tasks.
  • Proactive thinking with detail-oriented and creative-problem solving approach.
  • Ability to effectively plan, prioritize, and follow-through on work.
  • Team-based mindset and willingness to support broad team goals and initiatives.
  • Ability to form and maintain strong relationships with internal and external customers.
  • Ability to juggle multiple projects and work independently to meet goals and objectives.
  • Proficiency with Microsoft Word, Excel, and other productivity tools.
  • Experience with and/or knowledge of New Markets Tax Credits and Historic Tax Credits.
  • Ability to work from the Revolution Mill office on average at least three (3) days per week.
  • Occasional evening and weekend work will be expected to attend meetings (e.g., city government or community meetings) and attend special events.
  • Additional travel may occasionally be required, plus occasional evenings and weekends.

Compensation:

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

How to Apply:

Please visit our website at https://www.self-help.org/careers/job-openings/1829-senior-real-estate-development-manager-durham for more information on how to apply.

Commercial Loan Administrator Craft3
Bend, OR
Job Function: Financial Services
Posted: June 13, 2018

Background:

Craft3 is a nonprofit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience throughout Oregon and Washington communities.

Position Summary:

Craft3 is looking for a Commercial Loan Administrator to support the Craft3 Commercial Lending business unit. This position will be responsible for providing on-going preparation and monitoring of borrower loan documentation and loan servicing functions; coordination of lending process and loan closing; gather and compile data and prepare various reports; billings, payments and filing; maintain loan files for audit and review by external or internal staff; coordinate and maintain files (either electronic or paper); issue correspondence and provide good customer relations. Provide on-going support to portfolio administration, lending, and risk management teams.

Responsibilities:

Loan Servicing

  • Enter and maintain loan data in Craft3’s loan servicing and CRM systems, ensuring data integrity and quality control; address any discrepancies in data accuracy in a timely manner with lenders and Risk Management.
  • Invoicing: review invoice documentation and approval, distribute monthly to Craft3 loan clients.
  • Process closed and completed or paid loan files.
  • Provide rate change notifications timely and with accuracy to borrowers.
  • Responsible for securing and releasing insurance interests and accurately perfecting collateral. 
  • Provide all required or requested due diligence from Lenders adhering to Craft3 loan policies.
  • Provide support for on-going customer required financial reporting. 
  • Collateral Loan Documentation: Ensure insurance and licensing requirements are met.
  • Prepare loan payoff statements and reconveyances timely and with accuracy.

Portfolio Administration

  • Set up and maintain electronic and collateral files following established standards, ensuring protocols for file set up and maintenance are adhered to.
  • Integrate and format loan files obtained from the procurement of third-party loan portfolios.
  • Provide support for implementation of annual portfolio audit. 
  • Provide administrative support to lending team and risk management.

Requirements:

  • High School Diploma or equivalent required.
  • Minimum three to five years related experience and/or clerical experience in a lending environment; including loan processing, documentation, funding, and strong administrative skills. 

Compensation:

Craft3 offers a competitive salary of $33,000 - $43,000 annually, based on experience and skills. Craft3 offers an excellent benefits package including medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, wellness program, transportation, flexible schedule, and 403B Retirement savings plan with employer match.

How to Apply:

Application deadline is Friday, June 29, 2018.

Complete job description and online application at: https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=4004523b-0570-402f-bc1c-f81f77519451&jobId=132001&lang=en_US&source=CC3&ccId=19000101_000001

For more information on our benefits, visit our website at:  www.Craft3.org/Careers/benefits

Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.

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