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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.

Investment Officer, Impact Investing Opportunity Finance Network (OFN)
Washington, DC
Job Function: Investment
Posted: January 15, 2019

Background:

OFN is a leading national network of CDFIs (community development financial institutions) with offices in Washington D.C. and Philadelphia, PA. 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.

OFN is an important source of affordable and flexible capital for the CDFI industry. Currently, the Financial Services team manages more than $600 million of capital and offers a range of products and services to help CDFIs lend and invest in markets underserved by mainstream banks.

Why OFN?
CDFIs are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help disinvested people and communities join the economic mainstream. As mission-driven lenders, CDFIs leverage funding from private and public sources to finance small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing. In addition to connecting capital to communities and people that need it, many CDFIs also provide financial education, technical assistance, and capacity-building support to the organizations, businesses, and individuals they serve. OFN supports our member CDFIs by aligning capital with social, economic, and political justice for underserved communities across the nation.

 

 

Position Summary:

This position is primarily responsible for evaluating new investments and assisting to manage OFN’s on and off-balance sheet portfolios. The Investment Officer will analyze debt and equity investment opportunities using loan portfolio and financial statement data and in-depth conversations with organizations’ senior management teams. Through attending conferences and events, he/she will develop relationships with OFN’s CDFI members and work across OFN’s teams to support OFN’s mission. 

Responsibilities:

  • Prepare and present credit and financial risk analyses reports to OFN senior leadership and respective investment committees. 
  • Analyze CDFIs’ financial statements, loan portfolios, lending policies and procedures, and strategies to determine the degree of risk involved in extending credit, as well as recommend risk mitigation strategies. 
  • Generate financial ratios and models to evaluate borrowers’ current and prospective financial status.
  • Generate loan and investment opportunities by developing relationships with OFN’s CDFI members. 
  • Actively participate in the portfolio management of OFN’s on-balance sheet and off-balance sheet investments. Ensure borrowers maintain compliance with quarterly covenants and strengthen borrower relationships.
  • Coordinate with team members to complete loan closings, documentation, and fund disbursements.
  • Collaborate with the financial services team to maintain accurate borrower and loan information in OFN’s loan system.
  • As part of the financial services team, develop and implement investment strategies and investment policies and procedures. Support OFN’s participation in the CDFI Bond Guarantee Program as requested.
  • Supervisory Role - Manage interns.
  • Work across OFN’s teams to support OFN’s mission.

 

Requirements:

  • Bachelor’s Degree or 5-7 years direct work experience in lieu of degree. 
  • Chartered Financial Analyst (CFA), or Master’s Degree in a relevant field of study not required but preferred. 
  • 5+ years demonstrated experience with financial statement analysis, financial modeling, and credit analysis, including underwriting, is required. Experience with equity investment analysis is a plus.
  • Demonstrated experience writing and presenting detailed investment recommendations with emphasis on clarity, conciseness, and relevance. 
  • Experience with loan management systems and CRMs (Customer Relationship Management software) a plus.
  • Solid understanding of accounting principles with ability to apply knowledge to assessing risk and performing financial underwriting.
  • Demonstrated leadership ability with superior interpersonal skills and ability to work well with diverse constituents.
  • Superior organizational skills and ability to manage multiple tasks effectively and efficiently under minimal supervision as well as ability to set priorities and meet deadlines under pressure without sacrificing quality.
  • Understanding of loan documentation and risk mitigation strategies.
  • Advanced knowledge of MS Excel and financial modeling skills.
  • Commitment to community and economic development.
  • Ability to work both independently and collaboratively with teams across OFN.
  • Comfort working in a small-office environment and/or experience working in a nonprofit environment preferred.
  • Some travel required (15% of time).
  • Job involves normal physical requirements for an office position.

 

Compensation:

Commensurate with experience

How to Apply:

  

Senior Associate, Programs Opportunity Finance Network
Washington, DC
Job Function: Other
Posted: December 6, 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 Senior Associate, Knowledge Sharing is responsible for coordinating a collaborative design process for developing new programs, and the implementation of complex programs that build the capacity of CDFIs. This position involves coordinating cross-departmental teams within OFN, liaising with external stakeholders such as funders and members, and leading processes that may include these and other constituencies.

Responsibilities:

  • Coordinate the development and implementation of a comprehensive collaborative design process to develop new initiatives.

    • With EVP Knowledge Sharing and other senior OFN leaders, create an internal process for developing a collaborative design process for new initiatives.

    • Coordinate the implementation of the internal process.

    • Once the collaborative design process is established, develop a timeline and coordinate its implementation. The collaborative design process may include gathering and analyzing background data, developing draft program designs, gathering input from a range of stakeholders including CDFIs, funders, and investors through in-person and virtual meetings, and incorporating this input into the design.

  • Coordinate implementation of programs. For each program, tasks may include:

    • Coordinate all aspects of program delivery including: application and selection process; development and delivery of program services including training, peer learning, and financing; analysis of program results; communication of program results to internal and external audiences; external Advisory Committee activities; and identification of potential reforms to related public sector programs.

Requirements:

  • Bachelor’s degree or 5-7 years of direct professional work experience in lieu of degree.

  • 3-5 years of professional experience in project management, communications, or other related organization activities.

  • Experience supporting organization level operations.

  • Exposure to and/or experience in community development finance, finance, and/or banking is valuable.

  • Superior interpersonal skills and ability to work constructively with diverse constituents including internal and external stakeholders, and individuals in senior leadership positions to drive initiatives and results.

  • Superior written and verbal communication skills with the ability to appropriately adjust for different audiences.

  • Superior project planning and project management skills.

  • Ability to identify and complete technical and complex tasks and/or assignments.

  • Understanding of and commitment to community development finance.

  • Ability to work independently and in team environment.

  • Ability to manage multiple tasks and set priorities under minimal supervision in effective and efficient manner.

  • Proficient with MS Office Products.

  • Moderate to heavy travel required (30%-50% of time).

  • Job involves normal physical requirements for an office position.

Compensation:

Commensurate with experience.

How to Apply:

  

Member Services Specialist Opportunity Finance Network
Washington, DC
Job Function: Relationship Management
Posted: November 16, 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 primary responsibilities and essential functions of the Member Services Specialist are to assist in member recruitment, retention, and engagement; develop and administer content for OFN’s peer learning activities; and assist in creating content and driving adoption on CDFI Connect. 

Responsibilities:

  • Membership
    • Conduct prospecting research to identify potential new members.
    • Create initial draft of audience-appropriate, clear and concise written communications to potential new members.
    • Assist in onboarding new members.
    • Oversee the membership renewal process by coordinating with the accounting department.  This includes sending email notices, printed invoices, and coordinating telemarketing efforts.
    • Ensure membership directories are accurate and maintain accurate database records.
  • Peer Learning
    • With guidance from the EVP, Membership, develop content, organize, and execute bi-monthly Staying Connected Calls for OFN membership.
    • With guidance from EVP, Membership, develop regional meeting agendas and oversee registration and logistics.
    • Coordinate one or more programmatic elements of the annual Small Business Finance Forum and OFN Conference such as tours, a track of Conference sessions, a portion of Small Business Finance Forum sessions, or networking sessions.
    • Assist in creating content and driving user adoption on CDFI Connect, OFN’s online community platform
  • Assist the Knowledge Sharing team on special projects as requested.

Requirements:

  • Bachelor’s degree or 5-7 years of work experience in lieu of a degree
  • 1-3 years of professional experience in the CDFI industry, nonprofit sector, or in project management.
  • Professional experience drafting original audience specific communications for publication required.
  • Experience with Customer Relationship Management Software (CRM) and Higher Logic preferred.
  • Experience in community development finance industry is strongly preferred.
  • Experience using social media for professional purposes is beneficial.
  • Excellent written and verbal communication skills.
  • Strong interpersonal skills and ability to collaborate across all levels and departments of the organization.
  • Must be proficient with MS Office Suite products and social media platforms.
  • Excellent organizational and problem-solving skills with a keen eye for detail.
  • Ability to work independently or as a flexible team player is required.
  • Ability to manage multiple projects simultaneously with ease and efficiency under moderate supervision.
  • Understanding of and commitment to opportunity finance is a plus.
  • Ability to work constructively with a diverse audience.
  • Light to moderate travel required (5-10% of time).
  • No extraordinary physical requirements beyond ability to travel.

Compensation:

Commensurate with experience.

How to Apply:

To apply visit our online application portal at:
https://theapplicantmanager.com/jobs?pos=OF144

 

Events Coordinator Opportunity Finance Network
Washington, DC
Job Function: Marketing/PR
Posted: November 16, 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 Events Coordinator will assist the EVP, Membership and the EVP, Knowledge Sharing in coordinating, planning, and executing OFN’s events. Specifically, this position coordinates and organizes event logistics to ensure successful Annual Conferences, Small Business Finance Forums, regional meetings, advocacy days, webinars, trainings, and other meetings and events as necessary.

Responsibilities:

  • Plan and coordinate events (both in-person and virtual) with the direction of the EVP, Membership and EVP, Knowledge Sharing.
  • Anticipate event needs, manage event planning calendar and scheduling, discern work priorities, monitor event timelines ensuring deadlines are met.
  • Lead the call for sessions process: update and send invitation, organize responses, recruit reviewers, prepare ranking sheets, organize reviewer responses.
  • Manage event registration: update web site content, track comp codes, handle all registration inquiries, provide registration information to Meeting Planner in a readily usable form and on a timely basis, conduct on-site registration and handle attendee issues.
  • Coordinate Conference breakout session presenters: communicate key dates, gather speaker needs, handle inquiries, communicate needs to Meeting Planner.
  • Coordinate internal and external requests for meeting space at conference hotel: create request forms, communicate with those making requests, and coordinate approved requests with Meeting Planner for space assignment.
  • Maintain inventory of event-related items (e.g., name badges, lanyards, binders), prepare meeting materials such as agendas and name badges, ensure training binders are properly assembled, and ensure materials are shipped to event location on time.
  • As needed, assist with site search and selection, and communicate AV and food/beverage needs to site.
  • Update and issue event evaluations and collect responses. Prepare summary reports for staff and Board.

Requirements:

  • Bachelor’s degree or 5-7 years of work experience in lieu of a degree.
  • 1-3 years of professional experience in the CDFI industry, nonprofit sector, or in project management.
  • Professional event planning experience of events up to 1,500 people.
  • Experience drafting original audience specific communications for management review and publication required.
  • Experience in community development finance industry is strongly preferred.
  • Excellent written and verbal communication skills.
  • Strong interpersonal skills and ability to collaborate across all levels and departments of the organization.
  • Must be proficient with MS Office Suite products and social media platforms.
  • Excellent organizational and problem-solving skills with a keen eye for detail.
  • Ability to work independently or as a flexible team player is required.
  • Ability to manage multiple projects simultaneously with ease and efficiency under moderate supervision.
  • Knowledge of CVENT is strongly preferred.
  • Understanding of and commitment to opportunity finance is a plus.
  • Ability to work constructively with a diverse audience.
  • Light to moderate travel required (5-10% of time).
  • No extraordinary physical requirements beyond ability to travel.

Compensation:

Commensurate with experience.

How to Apply:

To apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF143

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

Underwriter - Commercial Lending Capital for Change
New Haven, CT
Job Function: Underwriting
Posted: February 19, 2019

Background:

Capital for Change (C4C) is the largest full-service Community Development Financial Institution (CDFI) in Connecticut offering capital solutions that create and sustain lasting positive change for low-income communities, broaden social and economic participation, and encourage economic growth and environmental sustainability. We champion projects of all kinds with an approach that one size does not fit all, enabling us to create high impact products and programs that create affordable housing, increase energy efficiency, finance mixed-use development, and assist nonprofit organizations.

Position Summary:

This position’s primary responsibility is to work with the staff of the Commercial Lending department to originate loans and help to advance the organization’s mission of providing flexible financing to borrowers, primarily for affordable housing projects. The Underwriter’s main focus will be on coordinating loan committee activities and on underwriting new loans or assisting other Lenders in underwriting. The staff member will independently underwrite modifications and extensions and work outs or assist other department staff in these activities. This staff member will also work on special projects as determined by senior staff.

Responsibilities:

• Provide support for commercial loan underwriting department.
• Screen and underwrite financing requests, including collection of application materials and analysis of historical and project operating performance, financial performance, management capacity, risk rating, organizational structure and overall project feasibility.
• Provide support to other C4C staff members on project specific analysis and underwriting for affordable multi-family, single family and some nonprofit lending transactions as well as loan modifications, extensions and work-outs.
• Perform administrative duties on behalf of the C4C Internal and regular Loan Committee meetings including: scheduling meeting dates, assembling and distributing meeting materials, ensuring quorum, and taking meeting minutes for the record.
• Serve as a member of the C4C Internal Loan Committee and make recommendations on loans presented to the committee.
• Where directed, prepare Loan Approval Documents and present loan recommendations to the C4C Loan Committee and manage the closing process with external counsel.
• Coordinate with third party providers including inspectors and appraisers.
• Participate in management of construction loan advances for applicable loans.
• Provide technical assistance, as needed, to C4C borrowers.
• Answer phone calls, provides basic information for loan inquiries and directs callers to appropriate parties within the organization.
• Special projects as assigned by and directed by supervisors

Requirements:

Core Competencies
• Excellent data analysis skills and experience, particularly related to housing, financial services or economic development programs. Experience interpreting financial statements, tax returns and credit reports preferred.
• Computer proficiency including Office 365 (especially Microsoft Excel and Microsoft Access.), Salesforce and other programs as needed.
• Strong written and verbal presentation skills.
• Demonstrated organizational skills. Ability to handle multiple tasks and to operate productively without extensive supervision.
• Strong attention to detail and accuracy.
• Strong project management and problem-solving skills.
• Self-starter and able to work in a team environment.
• Commitment to working in the community development field or non-profit sector and working in a diverse organization.
• Commitment to clear, detailed, service-oriented communication with borrowers and C4C colleagues.

Required Experience & Certifications
• Bachelor’s degree or equivalent experience in relevant field, i.e. real estate, finance, or urban planning.
• Preferred, minimum one year of loan underwriting experience at a CDFI, bank or other financial institution related to affordable housing development, and commercial and housing real estate construction. Comparable experience in affordable housing/real estate development may be substituted.
• Knowledge of and experience

Compensation:

$35,000-$55,000 annually plus benefits

How to Apply:

https://www.ziprecruiter.com/job/cf5f1896

Relationship Manager, Tax Credit Lending USBank/Community Development Corp.
can be seated near any major metro area, All
Job Function: Financial Services
Posted: February 14, 2019

Background:

Tax Credit Lending Relationship Manager, Specialty Finance, CDC Community Finance Solutions
Job Location: National

Job Description
U.S. Bancorp Community Development Corporation (USBCDC) provides tax credit investments, loans, and banking services to organizations and projects that support affordable housing and economic development in underserved communities across the country.

The Tax Credit Lending Relationship Manager position is part of the Specialty Finance team within USBCDC. Specialty Finance provides loans, investments, and banking services to Low Income Housing Tax Credit (LIHTC) Syndicators, Community Development Financial Institutions (CDFIs), Affordable Housing Consortiums, and to New Markets Tax Credit and Historic Tax Credit transactions. The Tax Credit Lending Relationship Manager will report to the Director of Specialty Finance, and will work closely with staff across the department and the bank.

The Tax Credit Lending Relationship Manager position represents an exciting opportunity to be a key player on a growing team, and to lead the build-out and launch of a new line of business within USBCDC focused on tax credit lending.

Position Summary:

Key responsibilities will include:
• Source, structure, underwrite, and close loans related to New Markets Tax Credit and Historic Tax Credit transactions, to either commercial real estate projects and/or to commercial borrowers or sponsors.
• Partner with staff across USBCDC and the Bank overall to source tax credit lending opportunities.
• Source new business through establishing and deepening relationships with existing and prospective clients, notably CDFIs and other NMTC CDEs.
• Prepare comprehensive written credit memos, and recommend credit approval to USBCDC senior management and USB credit risk management.
• Underwrite the financial strength of a transaction sponsor, the viability of the underlying commercial real estate project, and the transaction’s overall financing structure.
• Ensure that subject transactions are underwritten in compliance with U.S. Bank credit policy.
• Negotiate legal documentation with borrowers, in coordination with internal and external legal counsel.
• Coordinate with USBCDC Deposit & Payment Solutions team to provide banking services and products to customers.
• Coordinate with portfolio managers and loan servicing team to manage existing relationships, including completion of annual reviews, ongoing covenant compliance, and internal credit audits.
• Serve as a point person for Relationship Managers across U.S. Bank lines of business to source tax credit lending opportunities, vet transactions, help structure project or commercial financing, and provide overall education of the New Markets Tax Credit and Historic Tax Credit programs.

Responsibilities:

Key responsibilities will include:
• Source, structure, underwrite, and close loans related to New Markets Tax Credit and Historic Tax Credit transactions, to either commercial real estate projects and/or to commercial borrowers or sponsors.
• Partner with staff across USBCDC and the Bank overall to source tax credit lending opportunities.
• Source new business through establishing and deepening relationships with existing and prospective clients, notably CDFIs and other NMTC CDEs.
• Prepare comprehensive written credit memos, and recommend credit approval to USBCDC senior management and USB credit risk management.
• Underwrite the financial strength of a transaction sponsor, the viability of the underlying commercial real estate project, and the transaction’s overall financing structure.
• Ensure that subject transactions are underwritten in compliance with U.S. Bank credit policy.
• Negotiate legal documentation with borrowers, in coordination with internal and external legal counsel.
• Coordinate with USBCDC Deposit & Payment Solutions team to provide banking services and products to customers.
• Coordinate with portfolio managers and loan servicing team to manage existing relationships, including completion of annual reviews, ongoing covenant compliance, and internal credit audits.
• Serve as a point person for Relationship Managers across U.S. Bank lines of business to source tax credit lending opportunities, vet transactions, help structure project or commercial financing, and provide overall education of the New Markets Tax Credit and Historic Tax Credit programs.

Requirements:

Basic Qualifications
• Bachelors or Master’s degree in finance, accounting, or related field
• 7+ years of commercial lending, commercial real estate lending, and/or not-for-profit lending experience

Preferred Qualifications
• Ability and desire to take ownership and lead the launch of an emerging line of business
• Strong business development and relationship management experience
• Strong commercial lending and commercial real estate loan underwriting skills
• Extensive knowledge of the New Markets Tax Credit program and Historic Tax Credit program
• Experience with financing to different real estate property types, including multifamily housing, schools, healthcare centers, and office buildings
• Ability to lead and drive new transactions through credit approval and loan closing
• Excellent written, verbal, and presentation communication skills
• Ability to work effectively with individuals and groups in managing customer relationships
• Ability to organize and manage multiple projects and priorities to meet deadlines
• Knowledge of the community development industry, notably the CDFI industry
• MBA, CFA, or CPA is a plus

Compensation:

An attractive and highly competitive base and bonus arrangement.
Extensive Health Care Benefits Program
Generous funding of retirement programs

How to Apply:

Use the Link below to apply directly. https://usbank.taleo.net/careersection/10000/jobdetail.ftl?job=180046187&tz=GMT-06%3A00&tzname= OR contact Recruiter Emily Kennedy at emily.kennedy1@usbank.com.

Chief Lending Officer - Baltimore Neighborhood Impact Investment Fund Baltimore Neighborhood Impact Investment Fund
Baltimore, MD
Job Function: Credit
Posted: February 7, 2019

Background:

The Baltimore Neighborhood Impact Investment Fund (NIIF) is a newly established financial intermediary focused on Baltimore City. Capitalized by approximately $50 million provided by the City of Baltimore, the NIIF is a public-private partnership with a mission to serve as a catalyst for investment in underserved neighborhoods by delivering financing to support commercial and residential projects, as well as business lending, in order to drive economic revitalization, job growth and improved quality of life. Eligible areas for investment comprise approximately 65% of the City, with a priority focus on specific neighborhood clusters. Operating as an independent 501(c)(3), NIIF is designed to collaborate with the public, private and philanthropic sectors to create growth and opportunity in underserved neighborhoods and markets. NIIF's board is comprised of a majority independent directors, as well as representatives of Baltimore City government to ensure accountability and alignment with policy and resource priorities.

Position Summary:

The Chief Lending Officer (CLO) will manage NIIF’s lending and investment activities and play a key role in the development, management, and successful execution of NIIF’s transaction pipeline in accordance with the NIIF’s investment standards. The Chief Lending Officer will report the Chief Executive Officer of NIIF and will be supported by an external Fund Manager and other consultants as necessary. As the NIIF grows, a Portfolio Manager is also expected to be added to the team. As NIIF is a start-up, the CLO will, by necessity, need to be a self-motivated, hands-on, highly-resourceful individual able to thrive in an entrepreneurial environment and willing to roll up his/her sleeves and get the job done. The CLO will be a key public face of NIIF and will be expected to help position the Fund within the Baltimore City community development market with borrowers, partners and other stakeholders.

Responsibilities:

The specific areas of responsibility for this position include, but are not limited to:
• Working with the CEO, Fund Manager and Board to shape and implement credit policies across product offerings and revise these policies as appropriate;
• Identifying, evaluating and structuring new transactions within NIIF’s eligible investment areas
• Working closely with prospective borrowers and co-lenders to execute an initial credit screen of transactions and sponsors, ensuring that preliminary specifications of the proposed transactions align with terms from NIIF’s investors and its own internal lending and credit policies;
• Working with prospective borrowers and co-lenders to assemble and provide complete due diligence packages to the Fund Manager;
• Overseeing Fund Manager in credit analysis, shaping of transaction terms and preparation of transaction approval memos in conformance with approved credit policies;
• Managing loan closing and funding in cooperation with Fund Manager, and working in coordination with the Fund’s accounting/loan administration services provider to approve draws as appropriate;
• Overseeing Fund Manager in ongoing loan monitoring and assignment of risk ratings;
• Facilitating meetings of the Board’s Investment Committee, as needed;
• Working with stakeholders to develop and evaluate new, viable investment products responsive to the needs of community development efforts in historically disinvested communities;
• Administering portfolio composition to balance risk; and
• Working with the Fund Manager to execute asset management strategies, including managing delinquent loans and workouts as needed.

The Chief Lending Officer will report to the CEO.

Requirements:

• At least Seven (7) years of progressive responsibility within the housing and community development finance sector, or closely related fields, including 5 years of direct lending and investment.
• Strong lending and investment underwriting knowledge, with an understanding of the unique
characteristics of community development finance.
• At least four (4) years of supervisory experience in substantive positions requiring the ability to formulate and implement policy and work with diverse partners.
• Strong relationship management skills with the target market of community-based development organizations, commercial developers, and small businesses.
• Bachelor’s Degree or equivalent experience. Graduate degree in a relevant subject (e.g., real estate finance, business, urban planning, or public policy) is a plus.
• Experience and knowledge of the Baltimore housing and community development construction and lending markets.
• Established track record in building effective collaborations among stakeholders in community development initiatives.
• The ability to identify and engage diverse public and private stakeholders in an effort to successfully implement the NIIF’s mission.
• Experience and knowledge of city, state and federal housing programs and regulatory requirements, including Community Development Financial Institutions, is a plus.

Compensation:

Salary and Benefits - Commensurate with experience.

How to Apply:

To apply, e-mail resume, cover letter and salary requirements to: jobs@baltimorefund.org (e-mail applications are required).

Senior Director, Credit RSF Social Finance
San Francisco, CA
Job Function: Underwriting
Posted: February 1, 2019

Background:

At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through integrated financial and philanthropic services that generate positive social and environmental impact while fostering community and collaboration among participants.

With a 35 year track record of deploying loans, grants, and other catalytic capital to social enterprises, RSF is recognized nationwide as a leader in the field of social finance. As an organization of fewer than 50 employees, RSF’s approach is to grow our team by adding one person at a time. In doing so, we identify and seek a particular set of skills and experience to meet specific organizational needs. At the same time, we seeking candidates who align with our mission and values.

Position Summary:

Position Summary:
Core to RSF’s work is its flagship Social Investment Fund, a $140M senior debt fund that supports high impact non-profits and for-profits that operate in the fields of sustainable agriculture, education & the arts and ecological stewardship. The fund is capitalized by investments from over 1,700 individuals and the income derived from the fund covers the majority of RSF’s annual operating budget. RSF is seeking a new Senior Director of Credit who will thrive in a collaborative environment where financial innovation is combined with sound credit decisions. The Senior Director of Credit will oversee all aspects of underwriting and portfolio management for commercial loans that include mortgage loans, constructions loans, asset-backed lines of credit and equipment term loans. Beyond these primary duties, the Senior Director will also contribute to enhancing the organization’s internal operations, external offerings, and business model strategy, and will serve as a thought partner to other team members, helping bring to life new and emerging concepts to better achieve RSF’s mission. This role works closely with the Executive Team and Board Credit and Finance Committees to make key decisions.

Responsibilities:

Responsibilities:
Capital Deployment

Manage Credit Team
Define, develop, review, and implement credit policies and procedures across a spectrum of products.
Oversee the loan approval process and participate in underwriting complex credit relationships to meet RSF’s standards for credit quality, social impact, and revenue targets; structure new deals.
Oversee underwriting and annual review process to underwriters and mentor them on how to underwrite transactions with increasing complexity.
Ensure high and well managed credit risk quality of RSF’s credit portfolio of existing loans to ensure it meets RSF’s short and long-term strategic goals.
Facilitate RSF Credit Committee and Board Loan Committee.

Requirements:

Knowledge, Skills, and Abilities:

Must have a minimum of 10 years of credit underwriting, structuring and administration experience, including asset and cash flow-based credit analysis skills, financial modeling skills, commercial loan structuring and risk management.
Minimum 5 years direct and indirect supervisory and/or client relationship management
Experience in relationship management or business development.
Familiarity with and passion for the impact investing sector, social enterprise, or one of RSF’s focus areas is preferred.
Expert knowledge of for-profit and non-profit accounting, advanced credit analysis and financial modeling.
Proven experience implementing credit and loan policies and procedures including systems improvements.
Demonstrated ability to coach and mentor team members so that they achieve their full potential and gain technical expertise to contribute to a well-managed lending culture.
Extremely detail-oriented.
Must be available to occasionally work outside of regular office hours when needed
Some travel may be required

Compensation:

Compensation & Benefits:
The expected initial salary for this position is expected to be in the $140K range. Other benefits include:

A fulfilling work environment at a supportive and entrepreneurially-driven organization
A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
Very generous vacation and sick leave benefits plus nine paid holidays per year
403(b) plan with employer-paid contributions after one year of employment
Exposure to innovative ideas, projects, and collaborative staff activities
Access to numerous professional development opportunities

How to Apply:

Application Instructions:
Please submit your resume via e-mail to HR@rsfsocialfinance.org along with a thoughtful cover letter. In the cover letter, please explain why you are interested in the mission, values, and activities of RSF Social Finance. Please also tell us why your skills and experience would make you successful in this role.

In the e-mail subject line, please write “Senior Director, Credit”.

Please note that applications without a cover letter will not be considered. No phone calls please.

Applications will be accepted on a rolling basis.

RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply.

Controller MACED
Berea, KY
Job Function: Accounting
Posted: January 25, 2019

Background:

Background
The Mountain Association for Community Economic Development (MACED) is a 43-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 33-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, and 4) building entrepreneurial and leadership capacity.

Position Summary:

Overview
MACED is looking for a highly motivated and experienced accounting and finance professional to join its staff as Controller. This person will perform accounting and finance functions in support of MACED’s work and supervise the Staff Accountant.

Responsibilities:

Position Description
1. Participating in the finance team, contributing to the overall effective financial management of the organization. Team membership involves:
• Participating in team meetings.
• Participating in the development of strategies, plans and budget.
• Participating in evaluation.
• Individual assignments.

2. Supervising Staff Accountant, whose duties include general ledger entries, accounts payable processing, and payroll processing.

3. Performing a variety of accounting and finance functions. These responsibilities include but are not limited to:
• Preparing and coding accounts payable for payment.
• Executing our approved cash management plan, including identifying and recommending investment vehicles.
• Ensuring accuracy of general ledger, including regular maintenance of chart of accounts.
• Performing period-end closings, including allocations and preparing and interpreting financial statements.
• Tracking team and organizational performance against annual budget, and assisting in preparation of the annual budget for management and board approval.
• Preparing and submitting grant reports to private and government funders, in compliance with funder guidelines.
• Preparing and submitting lobbying reports to government as required.
• Preparing internal financial statements for review by management and program teams.
• Determining appropriate sources of funds for lending programs, in collaboration with Loan Fund Administrator.
• Protecting MACED’s assets by establishing, monitoring, and enforcing internal controls and documenting procedures.
• Leading use of accounting software, including implementing new features and functionality.
• Preparing and maintaining staff timesheets, in accordance with grant periods and specifications, cash projections, and other considerations.
• Backing up other staff on payroll, deposits, check-writing, keying, filing and other tasks as needed.

4. General.
• Other duties as assigned.
• Practicing safety in all aspects of the job.

Requirements:

Minimum Qualifications and Characteristics
Knowledge/expertise: Four-year accounting degree and five years of experience in accounting, including managing all aspects of day-to-day financial operations and preparation of monthly and annual financial statements. Experience with nonprofit accounting. Experience as a supervisor. Communication: Business writing skills, interpersonal communication skills. Technology: Strong spreadsheet and accounting software skills. Personal characteristics: Well-organized, attentive to detail, able to work on multiple projects at once, able to work successfully on a team with diverse members. Physical: Close vision with or without corrective lenses necessary for computer work. Manual dexterity needed to operate computer. Able to perform duties in a time-efficient 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
Experience working with external auditors. Knowledge of business financing. Knowledge of federal funding sources for business lending and federal indirect cost rates. Experience with Abila MIP. Knowledge of Appalachian region.

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, and contact information for three references to controller.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.

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