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  • Make an impact and join the opportunity finance field.

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

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

To submit a job listing, please use our online form. 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.

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=OF139

Director, Membership Mission Investors Exchange
New York, NY
Job Function: Relationship Management
Posted: May 23, 2019

Background:

Mission Investors Exchange (MIE) is the leading impact investing network for foundations dedicated to deploying capital for social and environmental change. With over 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.

Position Summary:

The Director of Membership will be a key partner in shaping the strategic direction for membership and our member engagement practices, and be responsible for the day-to-day management of our membership processes. Member engagement is central to MIE’s ability to build our robust and activated network of foundations, other philanthropic asset owners, and their partners. The Director will report to the Managing Director and play an active role on the organization’s leadership team, helping guide MIE’s membership model and overall organizational strategy with a keen eye to members’ needs and experiences throughout all of our programmatic, knowledge and communication, and match-making workstreams.

This is an ideal opportunity for an entrepreneurial and strategic leader with strong experience in member engagement, philanthropy, and knowledge of impact investing to influence the growth and development of a unique and influential community of philanthropic impact investors.

Responsibilities:

The position has 3 main areas of work:

*Member Engagement & Relationship Management
*Refine membership criteria and growth goals in alignment with organizational strategy
*Maintain healthy relationships with potential members who are already in the impact investing field or who are looking to get started. Play an active role in recruitment and growing our network when appropriate.
*Manage relationships with senior-level stakeholders at member organizations in collaboration with other MIE team members
*Improve upon and operationalize existing member segments to best target and match members with appropriate resources, communications and programming
*Find the best and most engaging ways MIE can inspire and ignite our members to carry out our mission of deploying more dollars toward deeper impact
*Identify opportunities to activate MIE’s membership to contribute to the advancement of the broader field
*Represent MIE in meetings with stakeholders and at industry events, in both individual and group settings
*Understand the full extent of MIE’s offerings, and member benefit opportunities and be able to communicate this fluidly to potential and existing members.

Membership Processes
*Drive the annual membership renewal campaign and processes, including developing best practices, planning, communications and streamlining operations in collaboration with team members
*Lead the onboarding of new members, including managing relationships from the prospect stage to new members, including leading orientation calls, connecting members with the various aspects of MIE’s programs, and guiding them through the many opportunities to engage with the larger network
*Manage systems in Salesforce for membership tracking, prospecting, and analysis including building out systems internally for better information and relationship sharing among MIE members and the MIE team

Strategy and Planning
*Lead the development and ongoing refinement of MIE’s membership services and engagement strategy, ensuring responsiveness to the market and alignment with organizational strategy
*Oversee translation of strategy into operational plans that are focused and feasible; set and implement short-term and long-term milestones and goals for membership
*Serve as a member of the leadership team, contributing to the development of overall organizational strategy and its execution

Requirements:

*The ideal candidate will possess the following qualifications:
*10+ years of professional experience
*Passion for addressing social and environmental challenges and an appreciation for the power of investment capital to play a catalytic role in this process
*Exceptional strategic thinking skills and a high level of intellectual curiosity
*Demonstrated experience building and maintaining relationships with a diverse range of stakeholders across different geographies
*Excellent interpersonal skills and an engaging presence, along with diplomacy, tact, and good humor
*Knowledge of investment issues and processes, especially impact investing and related strategies
*Entrepreneurial style, with an enthusiasm for working in a fast-­paced environment
*Experience in the membership services context ideal, but not required
*Experience working with philanthropic partners/ practitioners ideal, but not required
*Ability to travel domestically (up to 30%)
*Bachelor’s degree required; advanced degree in Business, Finance, Public Policy or related field preferred

Compensation:

Salary and benefits will be competitive and commensurate with experience.

How to Apply:

If interested, please submit your CV and cover letter to talent@missioninvestors.org and include “Membership Director” in the subject line.

Loan Administrator Genesis Community Loan Fund
Brunswick, ME
Job Function: Lending/Loan Operations
Posted: May 23, 2019

Background:

The Genesis Fund is a critical link in the development of affordable housing and community facilities in Maine. Our mission is to bring together resources to create housing and other economic and social opportunities for underserved people and communities. The Genesis Fund, a certified Community Development Financial Institution (CDFI), is a statewide nonprofit organization that began in 1992.

The Genesis Fund provides innovative financing by soliciting low-interest loans from individuals, churches, corporations and foundations, and then re-lending the money to nonprofit organizations developing affordable housing and community facilities in underserved neighborhoods and needy communities. If requested, we provide substantial technical assistance to the sponsors of capital projects that will create housing and community development opportunities. For more info: www.genesisfund.org.

Position Summary:

The Genesis Fund is seeking to hire a full-time Loan Administrator. This position will be responsible for supporting the Genesis Fund’s Loan Officer in underwriting, closing and servicing loans. Duties will include managing documents, data and correspondence related to loan applications, underwriting requests, approving and closing loans, disbursing funds, and monitoring the performance of loans and borrowers. An important responsibility will be ensuring the accuracy of loan information within the organization’s data management systems as well as mastering and optimizing the use of those systems to track and report on loan portfolio performance.

The Loan Administrator will report to the Loan Officer. This is a 35 hour per week, non-exempt position, which will be based in Brunswick, Maine.

The ideal candidate will have the required skills and knowledge, but also a demonstrated interest in and commitment to the organization’s mission of serving disadvantaged and low-income communities.

Responsibilities:

The Loan Administrator will be responsible for the following:
• Tracking and organizing documents through all stages of the lending process
• Creating and maintaining electronic and paper files of all loans and supporting documents
• Entering and ensuring accuracy of loan and borrower data in the data management system
• Identifying and implementing opportunities for optimization and enhancements of the data management system
• Overseeing and updating use of loan management software for data related to loan portfolio management and outcome tracking
• Working with software technical support to create custom reports, views, wizards, data entry fields, and other database administration to meet the organizational needs for data management and reporting
• Assisting in preparing materials for staff, loan committee and board review
• Assisting in drafting loan commitments and supporting the drafting of loan documents
• Communicating with borrowers about loan disbursements, loan payments, loan monitoring requirements, loan pay offs and other information needs
• Tracking and reporting on loan payments, entering payment transactions and updating amortization schedules as needed
• Assisting in following up on non-performing loans as necessary
• Assisting in evaluating borrowers and project performance
• Maintaining data for social outcomes and beneficiary analysis for performance management, compliance reporting, and grant writing
• Assisting with aggregated portfolio analysis for internal and external review
• Providing and supporting the provision of high quality customer service to borrowers through all stages of the financing process
• Other duties as assigned

Requirements:

The ideal candidate will have the following qualifications and background:
• Bachelor’s degree in a relevant field such as finance, business, and/or public administration is highly beneficial, or a paralegal certificate with a focus on real estate.
• At least two (2) years of experience with real estate development or loan administration at a financial institution, although other relevant experience and/or education will also be considered.
• A basic understanding of financial structuring for housing and community development projects.
• Outstanding attention to detail.
• Strong interest and skill in database management, with 2-4 years of demonstrated experience working with queries, reports, and custom database administration
• Strong organizational, analytical, logical and problem solving skills
• Experience with loan management or other kinds of data management software and demonstrated ability to learn and master new software applications
• Demonstrated success in building and maintaining individual and organizational relationships, and strong interpersonal and communication skills, both written and verbal.
• Sound time management and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
• Broad, active curiosity with strong interest in ongoing learning about community development finance. Openness to learning new skills and systems.
• Demonstrated self-starter that can work independently and take initiative.
• Great communicator and team player.
• Proficiency with Microsoft Office applications, including Word and Excel.
• Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor.
• Demonstrated commitment to the Genesis Fund’s mission.

Compensation:

The Genesis Fund offers a generous benefits package that includes vacation and sick time, medical/dental/life insurance, short- and long-term disability, flexible spending account, 401(K) retirement savings plan and a paid sabbatical after ten years of full-time continuous service to the organization. Salary range: $47,000-$52,000, depending on experience. The Genesis Fund is an equal opportunity employer.

How to Apply:

How to Apply: Please submit a resume and cover letter by email to info@genesisfund.org.
Deadline: Priority review will be given to applications received by June 9, 2019.

Loan Service Specialist HIAS, Inc.
Silver Spring, MD
Job Function: Lending/Loan Operations
Posted: May 23, 2019

Background:

HIAS is a global Jewish nonprofit organization working across five continents to ensure that refugees and displaced persons are protected. Throughout the United States, we help refugees reunite with families, resettle and become self-sufficient. Guided by our values and history, we help refugees rebuild their lives in safety and security and advocate to ensure that all displaced people are treated with dignity.

HIAS IS AN EQUAL OPPORTUNITY EMPLOYER AND COMPLIES WITH ALL FEDERAL, STATE AND LOCAL EMPLOYMENT LAWS.

Position Summary:

HIAS seeks a Loan Services Specialist to provide a variety of functions in support of its Microenterprise Development Program. S/he works directly with the Microenterprise Development Program Manager to support the loan origination process and servicing of Microenterprise and credit building loans. The successful candidate should have a superior understanding of loan documentation, loan processing and servicing. S/he is responsible for developing and implementing improved lending and collection processes, enhancing systems, and technology integrations to maximize operational efficiency. Lastly, the Loan Services Specialist plays a key role in supporting other program functions including data analysis, project design and strategic planning. The duration of this assignment is one (1) year with the possibility of an extension based on funding.

Responsibilities:

Loan Origination
• Implements process improvements across all stages of the loan origination process.
• Conducts loan onboarding and maintains Downhome Solutions Loan Manager loan servicing system.
• Reviews loan documents for compliance, completeness and accuracy.
• Coordinates with team members to complete loan closings, documentation, and fund disbursements.
• Completes and submits paperwork to various government agencies or vendors, generating check requests, processing and maintaining collateral, filing and data entry.
• Conducts UCC and other lien searches and filings; establishes, maintains, and updates files, databases, records and documents for loans.
Loan Services
• Prepares, reviews, and mails monthly billing statements; generates reviews and uploads ACH batches.
• Manages credit bureau reporting and e-OSCAR disputes.
• Contacts delinquent clients via phone and email to obtain payments on past due balances.
• Follows up with phone calls/ second mailing, if necessary, and refers uncollectible accounts to management.
• Reviews and analyzes delinquent or cancelled accounts to determine if an extension of the grace period is needed; requests approval from supervisor.
• Researches and analyzes customer accounts to ensure compliance with established policies and procedures.
• Ensures all applicant/borrower files are complete and in compliance with internal policies.
• Participates in special projects and perform other duties, as assigned.

Requirements:

• Undergraduate degree required.
• Experience and knowledge of commercial or consumer lending/loan origination/servicing or a minimum of three (3) years of lending experience.
• Excellent technical skills; experience in network environment, internet and e-mail transfer of data, proficiency in office applications (Excel and Word) required.
• Strong organizational skills including: multi-tasking, prioritizing problems, planning, effective time management and self-motivation.
• Excellent customer service skills; ability to interact with external clients by providing support via phone, web, and email; as well as team-oriented interaction.
• Possesses an exceptional professional, courteous demeanor in a sometimes fast-paced environment.
• Full status to work in the United States and willingness to provide employment verification as needed.
• Excellent written and oral communication skills; ability to handle multiple projects in a fast paced environment.

Compensation:

50K-55K

How to Apply:

Please submit your resume, cover letter and employment application to our website, http://www.hias.org/career-and-internship-opportunities

Loan Officer Housing Assistance Council
Washington, DC
Job Function: Underwriting
Posted: May 22, 2019

Background:

HOUSING ASSISTANCE COUNCIL
The Housing Assistance Council (HAC) is a national nonprofit Community Development Financial Institution (CDFI) that strengthens communities across rural America through investment and assistance with affordable housing and community and economic development initiatives. Based in Washington, DC, HAC is actively involved in shaping federal policy and the affordable housing industry with its research, lending and conferences. We also deliver technical assistance, training and affordable loans at the local level to organizations that help rural communities prosper.

Position Summary:

The Loan Officer will represent HAC in its lending activities and originate new loan transactions. This includes a range of lending activities – underwriting single and multi-family projects, assist in the development of new loan products, and marketing HAC loan products. The Loan Officer reports directly to the Director of Lending and works closely with Loan Processors and Portfolio Managers who close and service loans.

The position comes with a competitive salary and generous benefits. It is an opportunity to work in a fun, mission-focused environment with an expanding team that bring vitality and prosperity to rural places.

Responsibilities:

DUTIES and RESPONSIBILITIES
• Contribute to loan production goals by identifying lending opportunities and originating new loans upon referral from the Training and Technical Assistance Team.
• Structure loan transactions in compliance with internal credit and program requirements.
• Prepare and negotiate loan proposals with borrowers and partners (term sheets and commitment letters).
• Manage the loan approval process from deal screening through due diligence to loan approval.
• Prepare and present Loan Summary recommendations and commitment modification reports for Chief Executive Officer and Loan Committee review.
• Assist in the loan closing process by working with the Portfolio Managers.
• Attend industry trade conferences and make presentations; foster and maintain key strategic relationships.
• Assist with the marketing and communication on closed transactions.
• Work closely with all Loan Fund staff to assure excellent customer service.
• Work with partners on loan participations.
• Monitor assigned closed loans and conduct site visits, as needed.
• Participate in strategic planning and innovation process.
• Keep abreast of industry standards, challenges, and changes influencing lending activities.
• Provide technical assistance and training to nonprofit organizations on housing finance, subsidy sources, risk mitigation and other housing industry-specific topics.
• Formulate and execute strategies for problem loans and at-risk projects.
• Perform other duties and tasks as assigned.

Requirements:

Required
• Undergraduate degree in relevant field. Advance degree in business, finance or related field preferred.
• Minimum of five years’ work experience in real estate finance.
• Experience with community development underwriting. Experience in affordable housing, including development processes for single- and multi-family housing, public financing sources, multi-layered deal structuring, and providing technical assistance to affordable housing developers/nonprofit organizations.
• Knowledge of Community Development Financial Institutions is a plus.
• Demonstrated experience in preparing and negotiating complex transactions and balancing the programmatic needs of community-based organizations with sound underwriting judgment and risk mitigation.
• Familiarity with federal, state, and local community development programs, particularly programs that finance affordable housing in rural communities, especially USDA Rural Development and Low Income Housing Tax Credits.
• Strong financial, analytical and communication skills.
• Candidates must have sufficient credit skills to conduct risk assessment and manage a portfolio.
• Excellent organizational skills and ability to prioritize and manage multiple tasks/projects and meet deadlines.
• Proficiency with Microsoft Office (particularly Word, Excel, and Power Point), Adobe Acrobat, and Salesforce.
• Ability and willingness to travel.
Preferred
• Knowledge of and experience with standard legal principles and procedures related to real estate transactions, property transfers, and collateral;
• Commitment to social justice issues
• Interest in rural, low-income housing.

Compensation:

Competitive salary based on experience

How to Apply:

Send resume with cover letter and salary requirements to jobs@ruralhome.org

PRESIDENT/CEO ECONOMIC RESOURCES CORPORATION
Los Angeles, CA
Job Function: Other
Posted: May 22, 2019

Background:

ECONOMIC RESOURCES CORPORATION
PRESIDENT/CEO
LOS ANGELES, CA
ABOUT ECONOMIC RESOURCES CORPORATION
Economic Resources Corporation (“ERC”) is a California nonprofit corporation whose mission is to promote economic development and job creation in underserved neighborhoods through a multi-disciplined program of small business support and targeted real estate investment. The company was established in 1968 by a group of Los Angeles business and civic leaders at the invitation of the U.S. Department of Commerce Economic Development Administration.
Staying true to its mission, ERC has traditionally focused on small and medium business enterprises, seeking the creation of new jobs, higher incomes and entrepreneurial opportunities. Because business communities and their surrounding residential counterparts are intrinsically linked, ERC correlates business investment with improvements in other areas of the community creating strong interlocking relationships between Economic Development and Community Development. In addition to the development of industrial and commercial real estate, ERC has, during its existence, provided technical, management and financial assistance to businesses and other community nonprofit organizations.
History
Economic Resources Corporation was founded in 1968 to help address one of the causes of the 1965 Watts Riot, a severe lack of economic opportunity and job creation in the south Los Angeles. Like several United States cities during the decade of the 1960's, large parts of Los Angeles and it citizens suffered frustration over the lack of job opportunity, and general economic disenfranchisement. Something had to be done. In Los Angeles the answer was a collective approach that required teamwork and direction, and the creation of several organizations formed to address specific issues in specific communities. ERC was one of those organizations, and was formed to help bring jobs, economic opportunity, and improve the local infrastructure by developing real estate projects with the potential to serve as catalysts for other investments.
Through the years, this unique ERC perspective caused it to become well versed in the issues confronting a minority business community attempting to join the mainstream. Thus, ERC became a repository of information data and guidance for minority businesses seeking opportunity and change.
To effectuate our mission, ERC focused its energies on the development of industrial and commercial real estate to create quality places of business. This in turn, attracted and retained industrial/commercial enterprises rich with job opportunities, bringing much needed economic activity to the target area.
With sound management and financial acumen, ERC has not only survived and accomplished its original objectives, it has thrived.
For more information on Economic Resources Corporation, please visit www.economicresources.org/.

ABOUT KOYA LEADERSHIP PARTNERS
Koya Leadership Partners is a national retained executive search and human capital-consulting firm that works exclusively with nonprofits and social enterprises. We deliver measurable results, finding exceptionally talented people who truly fit the unique culture of our client organizations and ensuring that organizations have the resources and strategies to support them. For more information about Koya Leadership Partners, visit www.koyapartners.com.

Position Summary:

THE OPPORTUNITY
Economic Resources Corporation is seeking an innovative, inspiring, and business savvy leader to be its next President/CEO. This is a unique opportunity to be at the helm of a self-supporting organization with a 50-year history of creating new jobs, higher incomes, and entrepreneurial opportunities in underserved Los Angeles communities.
The President/CEO is responsible for providing strategic and managerial leadership for the company, and will carry out this responsibility by working with the Board and management staff in establishing long-range goals in support of the company's values and non-profit economic development mission. The President/CEO is also responsible for overseeing all company operations, creating and maintaining a corporate vision and culture consistent with the company's mission and business model, and executing the operating plan through the supervision of subordinate management.
This is an exciting opportunity for the right executive to help ERC become a regional leader in not-for-profit real estate investing, expand ERC's footprint, and clearly impact the economic viability of the communities that ERC invests in.

Responsibilities:

KEY RESPONSIBILITIES
• Leads the Corporation with a clearly defined sense of business direction, purpose and mission.
• Responsible for creating, planning, implementing, and integrating the strategic direction of the company.
• Develops and implements a well-defined operating strategy to advance the company's mission and objectives and maintain its economic sustainability.
• Oversees all operations of the organization in accordance with the established strategic plan and corporate values.
• Establishes, monitors and maintains appropriate management systems to provide for the effective control of operations and minimize risks.
• Provides adequate and timely information to the Board of Directors to enable it to effectively execute its oversight role.
• Coordinates with the Board of Directors in developing the policies and procedures required to provide appropriate direction to the organization.
• Assists the Board of Directors in the selection and transition of successor executive management.
• Develops and maintains relationships with other organizations, industry and government officials that are in the best interest of the company.
CORE COMPETENCIES
The President/CEO will be deeply connected to Los Angeles and the history of South Los Angeles. This savvy individual will know the political landscape of both Los Angeles and California, will understand the challenges of working in the region, and will be familiar with the key players and processes around promoting business, development, and investment. The President/CEO will bring a broad understanding of multiple sectors, including government, commercial real estate, and nonprofit structures and systems. Coming from a business background, this leader will have an understanding of economic and community development through real estate.
The ideal candidate will be an experienced manager with a minimum of 15 years of diversified corporate, financial, and general management experience. This individual will have a history of developing strategic, operational and financial plans, formulating policy, effectively managing capital resources, and implementing new strategies and procedures. MBA or technical graduate level academic degree preferred.

Requirements:

In addition, the successful candidate will have the following professional competencies and personal characteristics:
Visionary & Strategic Leadership: The President/CEO will be a strategic leader who will develop a unifying vision for the organization, generate enthusiasm for its future direction across all levels of ERC, and drive the organization forward. This nimble leader will read the economic and political environment, forecast changes, and adapt as needed to effect long-term, systematic, positive change in underinvested communities. The President/CEO will have the ability to identify and articulate a clear vision for how ERC can identify and measure its economic impact on the communities it serves. This visionary leader will have a history of taking organizations from one stage to the next, engaging various sectors to advance organizational impact, and capturing new opportunities to bring about economic and community development.
Passion for Mission: The President/CEO will have a passion for improving the economic conditions of and providing development opportunities for underinvested areas of Los Angeles, and will have a demonstrated commitment to helping low-income communities improve their quality of life. The President/CEO will display the highest degree of personal integrity and ethical standards in the role and will serve as a model for all staff.
General Management & Financial Management Expertise: The President/CEO will be a strong and experienced organizational manager. This business savvy leader will bring a thorough understanding of management practices, corporate structures, asset management, and risk mitigation. Possessing broad experience with financial management, the President/CEO will demonstrate facility with financial statements and financial analysis, and will make decisions based on sound, established business and financial principles.
An inspiring, motivational, and even tempered manager, the President will build trust with staff and establish clarity on roles, responsibilities, and targeted outcomes with a strong commitment to the professional development of the team. This individual will be outcomes driven and will demonstrate the ability to build, nurture, and retain a strong team of diverse professionals, creating a culture of accountability.
Entrepreneurial & Innovative Mindset: The President/CEO will be fresh and current in their thinking, and will be eager to present the Board with new ideas for evolving the organization. Deeply knowledgeable of current trends in economic development, this strategic leader will identify new opportunities aligned with ERC's mission and work. This outside-of-the-box thinker will create a long-term vision for building and cultivating relationships across sectors that will advance ERC's mission and increase its impact.
Relationship Building & Communications: The President/CEO will successfully build relationships with community members, elected officials, nonprofit and business leaders, and other key stakeholders in order to advance the mission of ERC. The President/CEO will possess superior verbal and written communication skills, with the ability to influence and persuade a wide variety of audiences and stakeholders. This leader will have proven facilitation and negotiation skills and the ability to explain real estate's pivotal role in economic development.
The President/CEO will be an engaged and active listener, and will value transparent communication across all levels of the organization. Bringing deep experience with board relations to the role, the President will work to develop the Board and to take them to the next level as a governing body.

Compensation:

-

How to Apply:

CONTACT
Economic Resources Corporation has engaged Koya Leadership Partners to help in this hire. This search is being led by Michelle Bonoan and Erin Reedy. Please submit a compelling cover letter and resume here, or email Michelle or Erin at the following:
Michelle R.S. Bonoan
Managing Director
mbonoan@koyapartners.com
Erin Reedy
Vice President
ereedy@koyapartners.com
Economic Resources Corporation is an equal opportunity employer. All qualified applicants shall receive consideration for employment without regard to race, color, religion, national origin, ethnic group identification, ancestry, sex, age, marital status, political affiliation, condition of physical or mental disability, gender identity or sexual orientation, in accordance with requirements of Federal and State laws. All qualified applicants with criminal histories will be considered in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring.

Apply Here: http://www.Click2Apply.net/rkwjjxcyrr7m3jqm

PI110072658

Senior Vice President, Finance and Administration Appalachian Community Capital
Christiansburg, VA
Job Function: Finance
Posted: May 22, 2019

Background:

ABOUT APPALACHIAN COMMUNITY CAPITAL

Appalachian Community Capital (ACC) is a nonprofit Community Development Financial Institution (CDFI) loan fund. ACC’s primary function is to serve as a wholesale development finance intermediary, or fund of funds, for community development lenders that make affordable loans to small businesses throughout the Appalachian Region. ACC’s 19 high-performing members are mission-driven lenders committed to meeting the credit needs of rural Appalachia. Since 2015, ACC has invested nearly $17 million in underserved communities, and provided access to capital and expertise to small businesses owners and entrepreneurs, including minority- and women-owned businesses.

The SVP of Finance and Administration supports goals, values and philosophy by exhibiting the following behaviors: excellence, quality service, commitment and accountability. As a member of Appalachian Community Capital’s management team, the SVP demonstrates the following accountabilities: communication, teamwork and job knowledge.

Position Summary:

Working under the policy direction of Appalachian Community Capital (ACC) and under the general supervision of the CEO, the SVP-Finance and Administration is responsible for ensuring ACC’s overall financial planning and budgeting programs are aligned with the corporate strategic plan and the expectations of all funders and stakeholders. This position can be performed remotely.

Responsibilities:

• Budget and Financial Planning - Works with the CEO to formulate, implement and maintain ACC’s overall strategy for financial and budgetary initiatives.
• Financial Management, Accounting and Policies – Implements accurate and timely accounting and reporting practices.
• Investment and Fund Management – Manages ACC’s investment program and investors relationships. Responsible for managing and maintaining investment notes and records, servicing investments and interest payments, and managing investor relationships.
• Administrative Management - Assists with contract management, and performs other duties as assigned.

Requirements:

At least 5 years professional experience as a Finance Director, Controller and/or senior financial officer is required. Experience working at a financial institution, in particular a Community Development Financial Institution, or experience in nonprofit finance and reporting requirement is highly beneficial.

Demonstrated understanding and experience in the non-profit sector, including working with a Board of Directors. Non-profit management and leadership experience preferred.

Requires a Bachelor’s degree in accounting, finance and/or business administration (MBA preferred). CPA required. A minimum of five years of professional level experience performing varied and responsible accounting or business management involving the use of electronic data processing systems.

Experience analyzing and managing portfolio risk is highly beneficial.

Thorough knowledge of accounting principles and practices as well as budgeting, purchasing, and electronic data processing applications.

A successful track record managing a variety of grant and investment funding (government, philanthropic, institutional) sources, in addition to managing investor/funder relationships.

Excellent organizational, oral and written communication skills and problem-solving abilities.

Fluency with Microsoft Office suite, in particular Excel, and QuickBooks is required.

Knowledge of accounting and reporting software; familiarity with loan management software is a plus.

Ability to maintain confidentiality.

Compensation:

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

How to Apply:

Interested candidates should email a resume/CV and cover letter that outlines how your skills and experience meet the qualifications of the position, and salary requirements to dgambrell@acc1.org with “Senior VP-Finance and Administration” in the subject line. First application reviews will begin July 1, 2019.

Loan Servicing Manager Sparks Group
Arlington, VA, VA
Job Function: Financial Services
Posted: May 21, 2019

Background:

Who is Sparks Group?
Founded in 1970 as an administrative staffing company, today Sparks Group is a premier provider of professional, technical, administrative, and creative talent for organizations looking to make their next great hire. We hold long-term partnerships with many of the area’s top employers, spanning a diverse mix of industries. Our areas of specialization include: Accounting and Finance, Administrative and Office Support, Contracts and Acquisitions, Customer Service and Call Center, Human Resources and Talent Acquisition, Information Technology, Creative and Marketing, Financial Services, and Paralegal/Legal Support.

Position Summary:

Join a mission-based company that focuses on transforming under-served communities into strong, vibrant hubs of opportunity. This fast-growing organization has 30 years of experience and has invested more than $2B in strategic financing, social innovation programs and capacity building programs to under-served locations This has provided low-income communities access to high-quality healthcare, education, healthy foods, housing, and familycare. The Loan Servicing/Loan Accounting Manager plays a critical role in the organization. If you're interested in joining a financial company with a heart, apply today!

Responsibilities:

Manage Loan Servicing personnel in their daily activities and ensure they receive proper training and support.
Oversee all accounting processes, including: cash handling, payments, general ledger reconciliations, escrow balancing, loan disbursements, and loan modifications.
Oversee and set up ACH activities.
Manage all processes for delinquencies, charge offs and non-accruals
Ensure accurate system usage, data input, and create reports.
Create and ensure that departmental benchmarks are met.
Oversee the rate change process for loan indexes, participate in loan system conversions, and assist with day-end processing.

Requirements:

Bachelor’s degree necessary.
5+ years in the financial services industry ideal.
Exposure to New Market Tax Credits (NMTC) is helpful.
3+ years of management experience, leading a servicing team is a plus.
Possess a collaborative, team-oriented attitude.
Proficiency with Microsoft Office (particularly Word, Excel and Power Point).
Exposure to McCracken Loan Accounting Servicing system experience is ideal.

Compensation:

$90,000 - $110,000 annually

How to Apply:

Send your resume to ttran@sparksgroupinc.com

Chief Lending Officer Housing Trust Silicon Valley
San Jose, CA
Job Function: Lending/Loan Operations
Posted: May 21, 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:

Housing Trust is looking for a dedicated creative leader to join its mission-driven executive management team. As Chief Lending Officer (CLO), you play a key role guiding the strategic direction of the organization while leading dedicated and motivated teams, both Multifamily Lending (MFL) and Homebuyer Programs (HBP), who have made over $100 million in loans to create or preserve over 3,100 affordable homes over the past 2 years. You will be in a unique position at an organization that values innovation to grow, develop and refine programs for maximum impact in response to borrower needs and changes in the market. The CLO cultivates collaborative relationships with both internal and external partners to ensure smooth and efficient originations, underwriting, loan administration, policy compliance, transfer to portfolio management, cashflow, debt solicitation and investor relations. The CLO represents Housing Trust at local, state and national housing and lending venues – such as CHC, Housing CA, NPH and OFN - raising the organization’s profile as a thought leader throughout the CDFI and affordable housing industries.

OUR LENDING PROGRAMS
As one of the leading CDFI serving the greater Bay Area, Housing Trust’ s impact is a direct result of how quickly and creatively our lending teams respond to meet our borrowers’ unique needs creating affordable housing opportunities. Current MFL and HBP programs include:

Multifamily Lending
• Acquisition & Predevelopment Lending – capital that enables affordable housing developers to secure land and move projects forward quickly.

• Supportive Housing Fund – with an investment from Santa Clara County, low-interest loans for developers acquiring land for supportive housing developments which will eventually be supported by Measure A housing bond funds. Housing Trust recently received a federal grant to expand the geographic footprint for this program.

• Monterey Bay Housing Trust – affiliate fund focused on Santa Cruz, Monterey, and San Benito counties in partnership with the Monterey Bay Economic Partnership.

• Bond Guarantee Program (BGP) & Term Debt – $25 million allocation from the CDFI Fund for BGP, which allows us to provide flexible long-term debt. It has been particularly useful to facilitate resyndication of LIHTC projects. Housing Trust also provides term debt from other sources of capital, depending on project needs.

Homebuyer Lending
• Empower Homebuyers SCC – Santa Clara County authorized up to $25 million of Measure A housing bond funds to be used as down payment assistance for first-time homebuyers with incomes up to 120% AMI. Housing Trust was selected to market and originate the Empower loans, which are subsequently sold to the County.

• HELP – Housing Trust recognized the need for down payment assistance for first-time homebuyers at moderate income level. Using our own capital, we began making HELP loans for households up to 140% AMI.

• City of Santa Clara BMP – The City of Santa Clara requires developers of for-sale housing to set aside 10% of their units for first-time homebuyers. Housing Trust administers this program, which is growing the number of low- and moderate-income homeowners in the City of Santa Clara.

• Small Homes, Big Impact – Housing Trust’s Accessory Dwelling Unit (ADU) team is launching a pilot construction bridge loan for homeowners responding to the housing crisis.

Responsibilities:

Strategy & Management:
• Direct and ensure future growth of the organization through strategic oversight for all aspects of single family and multifamily lending including risk mitigation and management to ensure prudent growth
• Set goals and execute strategies for deployment of Housing Trust capital to finance affordable housing
• Manage all program activities to achieve program goals, including primary responsibility for marketing the program, supervising, supporting, and motivating staff who have primary program responsibility for underwriting, loan administration, and reporting
• Manage relationships with the MFL Loan Committees including educating board members on Housing Trust program, including serving as staff member of the Program and Policy committee
• Manage external relationships, including borrowers, and external loan committee members, and provide executive support to others such as loan pool members and bank loan servicing providers
• Enhance Housing Trust lending programs by designing new products or improving existing ones, and develop creative ideas to access flexible capital in collaboration with Chief Development Officer, and Chief Financial Officer
• Engage in talent acquisition, development and retention of staff, and cultivate a mission-focused environment of creativity, innovation, agility, and work/life balance
• Provide leadership through communication, performance management, development and recognition of staff
• Provide support to Chief Development Officer by interacting with program funders
• Collaborate with Chief Financial Officer regarding annual budgets, interest rates, cash flow, contract changes, accounting for sales and other finance and compliance areas.
• Ensure compliance with Housing Trust’s lending policies and all applicable laws and regulations

Marketing:
• Develop and execute affordable housing marketing strategy for both nonprofit and for-profit developers to best respond to potential, current, and former borrower needs
• Respond to changing financing needs of affordable housing developers that can impact product development
Loan Administration, Underwriting, & Reporting:
• Support Loan Officers and borrowers with preparation of credit analysis on new loan requests
• Manage the team to underwrite predevelopment, land acquisition, and construction loans
• Review and approve loans, oversee closings, portfolio management of active loan portfolio, including reporting
• Strengthen and maintain risk rating system and supervise quarterly portfolio reviews
• Develop executive program dashboards with data from MFL and Homebuyer programs

Requirements:

• Bachelor’s degree required; Master’s degree in related field preferred.
• At least 15 years of relevant experience, which can include commercial real estate lending, affordable multifamily lending/investing, and affordable housing development. Must include at least 5 years of lending experience at a commercial bank or CDFI. Knowledge of affordable single-family housing and/or affordable homeownership programs is desired.
• Strong knowledge and understanding of various public and private sources of financing available to developers of affordable housing
• Commitment to affordable housing for low income communities
• Experience with development and implementation of annual plan and budget
• Ability to work in a fast-paced environment to establish department priorities and adapt to changing circumstances
• At least 5 years experiencing supervising and managing staff and staff development. Experience working on cross-functional group across departments.
• Strong written and verbal communication, including demonstrated skills with presenting in public, on panels, executive memos, and articles for industry publications.
• Demonstrated commitment to diversity, equity, and inclusion policies and practices.

Compensation:

Housing Trust offers a competitive compensation package, including a bonus plan and benefits. This is an exempt, full-time position. Compensation for this position is dependent 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.

New Markets Program Manager CDFI Fund
Washington, DC
Job Function: Credit
Posted: May 21, 2019

Background:

The CDFI Fund administers the New Markets Tax Credit Program and is seeking to fill the Program Manager position.

Position Summary:

See Attached USA Jobs Announcement

Responsibilities:

https://www.usajobs.gov/GetJob/ViewDetails/533944600

Requirements:

https://www.usajobs.gov/GetJob/ViewDetails/533944600

Compensation:

$137,849 to $166,500 per year

How to Apply:

See link https://www.usajobs.gov/GetJob/ViewDetails/533944600

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