Background:
A 20-year old, nonprofit community development financial institution (CDFI), helping ALL Maine home-buyers, business owners, and consumers secure advice and financing to grow and thrive.
Position Summary:
Penquis, a social services agency serving Penobscot, Piscataquis and Knox counties for over 50 years, is seeking full-time Portfolio Manager in our Bangor office location. This position may work from home during the remainder of the pandemic as well as engaging in a hybrid work schedule afterwards.
The successful candidate will oversee daily operations of all lending and portfolio functions of Penquis’ subsidiary, MaineStream Finance. Additionally, the successful candidate will help design and implement new products and programs to aid in the economic and financial recovery of our region. You will interface regularly with our funders, community and business leaders, bankers, brokers and others to help meet the financing needs of our customers.
Qualifications and Preferences: Bachelor’s Degree in Business Administration or related field and at least one year experience in finance or lending; An existing NMLS certification; Computer proficiency and experience, including word processing and presentation software; Excellent written and oral communication skills; The ability to work with the public and with the professional community, valid driver’s license and reliable insured transportation.
This is a salaried position with an excellent benefit package, paid training and mileage reimbursement.
Upon hire and periodically thereafter, must have background check results that are satisfactory to Penquis and indicate no previous or current record of involvement with child abuse, neglect or exploitation and no disqualifying criminal record or motor vehicle record as outlined in current contract provisions.
Apply on line at www.penquis.org or contact us at 973-3500 (TDD: 973-3520) or by email at employment@penquis.org to request an application and job description. Applications accepted until the position is filled.
In accordance with federal regulations, Penquis does not discriminate. Reasonable accommodation will be made for otherwise qualified persons with disabilities. Penquis is a tobacco and smoke-free workplace.
Responsibilities:
Requirements:
Compensation:
Negotiable.
How to Apply:
Apply on line at www.penquis.org or contact us at 207-973-3500 (TDD: 973-3520) or by email at employment@penquis.org to request an application and job description. Applications accepted until the position is filled.
Background:
The National Development Council (NDC) is one of the nation's leading not-for-profit providers of advisory services and specialized training in the areas of economic development and housing development finance and underwriting. For more than 50 years, NDC has worked with our clients to realize their economic, housing and community development goals. We provide expert advisory services to government and non-profit clients to solve the most challenging issues facing communities today. For additional information about NDC, please visit http://www.ndconline.org/
Position Summary:
NDC seeks to add a full-time Assistant Field Director (Asst. Director). Asst. Directors assist Field Directors and other NDC staff in the delivery of NDC’s core services, including technical assistance and capacity-building, to local governments and non-profit corporations. The position will support client work principally in the states of California, Utah and Nevada and will require moderate travel. Candidates currently located in the Salt Lake City metropolitan area are preferred, though candidates in the Mountain West region, California or Nevada will be considered. We seek candidates who embrace our mission and add passion to their work.
Responsibilities:
The person selected for this position will be expected to work under the direction of NDC’s West Team Directors to:
• Assist with business development efforts, including monitoring and responding to RFQ/Ps and new program design and implementation
• Conduct relevant policy research related to housing and economic development programs, issues, and resources
• Participate in meetings, workshops, and presentations with staff, clients and community stakeholders
• Assist Field Directors in providing technical assistance to clients, program and policy design, including drafting of reports and presentations
• Assist with NDC client training initiatives
• Assess and improve NDC templates and systems
• Undertake preliminary review of potential applicants for use of small business loans, including due diligence and financial analysis
• Undertake preliminary review of real estate projects seeking government assistance, including due diligence and financial analysis
• Provide support related to client reporting, billing and contracts, coordinating with NDC’s accounting and finance teams
• Provide marketing support by generating impact stories, case studies and best practices from client work
Requirements:
Minimum Requirements
• A bachelor’s degree in public or business administration, finance, planning, real estate development or other related fields. Master’s degree in a related field preferred.
• Two years of experience with economic development, commercial real estate and/or housing development and finance, urban planning, and/or finance.
• Highly energetic, creative self-starter capable of managing various assignments for multiple parties.
• Ability to establish and maintain effective working relationships with professional colleagues, municipal clients, public officials, developers, and representatives from private and public financial organizations.
• A demonstrated ability to solve problems in a collaborative work environment.
Compensation:
Competitive salary commensurate with experience. Comprehensive benefits package. Career path to Field Director position. NDC is an Equal Employment Opportunity employer.
How to Apply:
Interested applicants should submit a cover letter and resume to:
Lily Gray at lgray@ndconline.org
Background:
Working Solutions (www.workingsolutions.org) is a certified, nonprofit Community Development Financial Institution (CDFI) and the First to Believe in start-up and early-stage businesses by providing diverse entrepreneurs with affordable capital, customized business consulting, and community connections to increase economic opportunity in the San Francisco Bay Area. We make loans of $5,000-$50,000 (and grants, when available through partnerships) and provide up to five years of free, post-loan business consulting. Our priority populations are lower-income individuals, women, and entrepreneurs of color. Working Solutions has made over $32 million in loans and grants to small businesses and has educated thousands of entrepreneurs, resulting in more than 5,000 local jobs to date. We have a growing team of 18 full-time employees with headquarters in San Francisco and remote staff.
Position Summary:
The Lending Department is tasked with converting an application into a successfully funded loan. As such the team must possess comprehensive knowledge of the types of loans provided by the organization, the general terms related to each loan, and the conditions that are necessary for applicants to qualify for each type of loan. The Lending Officer will review applications, provide timely feedback, verify required documents, verify compliance with lending guidelines, track the loan approval review process, and finalize the loan through a comprehensive closing process. The Lending Officer is also responsible for evaluating and analyzing the viability of potential microloan applications and will provide support to the Lending Manager on day-to-day operations of the lending department.
Responsibilities:
Key Duties:
• Process loan applications and analyze loan documents to verify eligibility
• Verify that documents in loan files—such as credit reports, loan applications, and financial statements—are complete, current, and accurate
• Serve as preliminary underwriter, conducting due diligence and financial analyses, and drafting credit memoranda
• Present loan recommendations to Lending Manager and Director of Lending, as needed
• Prioritize and track the loan underwriting process in order to meet deadlines and ensure timely submission to the underwriting team
• Track data and provide reports
• Work with the underwriting team to perform credit analysis and determine repayment probability using risk management matrices
• Prepare closing packages and facilitate loan closings, working with borrowers on loan documentation and ensuring that all closing conditions have been satisfied
• Review all loan applications and disclosures for discrepancies and regulatory and compliance guidelines
• Represent Lending Team in the community, as needed
• Engage in team projects
Requirements:
Required Qualifications:
• Bachelor’s degree or 4+ years of work experience in lieu of degree
• 4+ years of work experience in nonprofit or community development, microfinance, small business, social enterprise, program development and evaluation, and/or small business or related work
• Experience in lending, finance, or credit analysis
• Excellent analytical, organizational, and interpersonal skills
• Self-starter and ability to work independently
• Detailed and process-oriented
• Experience with data entry and tracking outputs and outcomes through Customer Relationship Management (CRM) platforms
• Strong customer service skills
• Demonstrates sound judgment and effective decision-making
• Strong interpersonal skills and a high degree of self-awareness with a flexible mindset
• Bilingual competency in Spanish language highly preferred
Software Used: Salesforce, Box, Asana, Excel, and Outlook
Compensation:
Salary Commensurate with Experience
How to Apply:
Please email résumé and cover letter with the subject line “Lending Officer - TEMP” to jobs@workingsolutions.org.
No phone calls please.
Working Solutions is an Equal Opportunity Employer.
Background:
BlueMark, a Tideline company, is a leading provider of independent impact verification services for investors and companies. Our mission is to strengthen trust in impact investing by delivering independent, incisive verification services, enabling the market to scale with integrity. We evaluate and verify how clients approach the impact in impact investing based on accepted industry standards. Our services are designed to meet the growing investor demand and market expectation for greater confidence and credibility in the impact label, especially as impact claims are more closely scrutinized by a range of stakeholders.
Position Summary:
This is a unique opportunity to join an early-stage company in a dynamic, impactful industry. The Business Development Associate will play a key role supporting business development efforts for BlueMark. The role will provide exciting opportunities to work with diverse impact investing stakeholders and help grow a new pioneering business.
BlueMark is seeking candidates that have sales and/or sales-related experience, strong writing and communications skills, and a flexible and solutions-oriented disposition. There is a strong preference for candidates that bring experience in or exposure to Environmental, Social, and Governance (ESG) and/or impact investing.
The role will be performed in close collaboration with the Managing Director of BlueMark. There is a preference for candidates based in New York City, but candidates based elsewhere in the U.S. are encouraged to apply as well.
Responsibilities:
• Develop and maintain a strong pipeline of potential clients through direct and indirect prospecting, including conducting research, email outreach and discovery calls
• Manage inbound requests from clients and support the drafting and development of client proposals, RFP responses, and related client correspondence
• Maintain up-to-date contact and activity information in the BlueMark CRM system and provide regular status reports on business development activities to BlueMark leadership
• Maintain and contribute to BlueMark’s content library of case studies, pitch decks, and other key marketing content and sales collateral
• Identify and implement enhancements to BlueMark’s end-to-end sales processes
• Provide feedback from conversations with prospects to inform BlueMark’s existing and potential new services
• Contribute to BlueMark’s strategy, including defining and working towards key business targets
Requirements:
• Bachelor’s degree or equivalent
• Experience working in a sales or business development role, preferably within financial services or an adjacent industry
• Understanding of and experience using CRM systems to track information and conduct analytics
• Familiarity with Environmental, Social, and Governance (ESG) and impact investing preferred
• Experience conducting market research and developing outreach strategies
• Experience in a small business environment a plus
• Ability to manage multiple tasks with high attention to detail and organization
• High level of personal and professional integrity
• Strong written and verbal communication skills
• Entrepreneurial and collaborative disposition, with a bias towards action
• Demonstrated ability to exercise sound judgment and discretion
• Strong interpersonal and relationship-building skills
• Sense of humor and self-awareness
Compensation:
Commensurate with experience
How to Apply:
Applications will be reviewed on a rolling basis until June 28, 2021. Please apply through this link (https://app.beapplied.com/apply/m63hzl5fgr), and email info@bluemarktideline.com with any questions.
Background:
About Tideline and BlueMark:
Tideline is a consulting firm that provides tailored advice to clients developing impact investment strategies, products, and solutions. Our mission is to help clients excel in realizing financial and societal value. We believe in shared, sustainable prosperity powered by market-based solutions. To that end, our services include investment strategy, investment product development, market intelligence and due diligence, strategic advice, and thought leadership. Tideline was founded in 2014.
BlueMark, a Tideline company, is a leading provider of independent impact verification services for investors and companies. Our mission is to strengthen trust in impact investing by delivering independent, incisive verification services, enabling the market to scale with integrity. BlueMark was founded in 2020.
Our multi-disciplinary team delivers services of unmatched quality, grounded in deep, rigorous research and analysis. Past clients have included leading investment firms and foundations active in impact investing. Tideline has offices in New York City, San Francisco, Portland, and London.
Position Summary:
This is a unique opportunity to be part of building and managing two growing businesses in a dynamic and impactful industry. The Executive Assistant will play a key role in providing administrative and operational support for the senior management team at Tideline and BlueMark, with roughly an equal split of time between the two businesses.
Responsibilities:
Scheduling and administration (75%):
• Managing calendars for Tideline and BlueMark’s for senior management team members, including scheduling internal and external meetings
• When travel resumes, coordinate travel arrangements for senior management team, including booking travel, preparing itinerary, and completing expense reports
• Provide additional administrative support to senior management team, as needed
• Manage coordination and planning for team-wide meetings and retreats
Operations (25%):
• Manage Tideline and BlueMark contact databases across email marketing platform and CRM
• Support enhancements and implementation for internal processes and systems on an ad hoc basis
• Assist with scheduling for recruiting efforts
• Provide coordination support for Board of Directors and ongoing investor relations
Requirements:
The ideal candidate has a collaborative disposition; appreciates thoughtful and efficiently managed processes; is exceptionally well-organized with an eye for detail; communicates well; and has a commitment to advancing social and environmental outcomes. The firm’s culture is highly teamwork-oriented, working in a close-knit, all-hands-on-deck manner.
Desired qualifications include:
• 5+ years of experience as an Executive Assistant or in an administrative support role, with a preference for candidates that aspire to a career as an outstanding EA
• A desire to be part of a close-knit team committed to solutions addressing the challenges we face in society and our environment
• Experience in relevant functional areas a plus, such as HR, compliance, Board or investor relations, event coordination, etc.
• Ability to manage multiple tasks with high attention to detail and organization
• Excellent and friendly writing and verbal communication skills
• Experience in a small business rapidly changing environment and/or in a professional services firm a plus
• Familiarity with Microsoft Office (including PowerPoint and Excel) and G Suite
• Entrepreneurial and collaborative disposition, with a bias towards action
• Demonstrated ability to exercise sound judgment and discretion
• Strong interpersonal and relationship-building skills
• Sense of humor and self-awareness
Compensation:
Commensurate with experience
How to Apply:
Applications will be reviewed on a rolling basis until June 21, 2021. Please apply through this link (https://app.beapplied.com/apply/lipa7nzrno), and email hiring@tideline.com with any questions.
Background:
LOCUS Impact Investing was created to provide a comprehensive set of tools to the increasing number of philanthropies, place-focused institutions, and individuals, throughout the US, looking for innovative ways to invest in and transform their local communities. These tools range from strategic capacity building and community and economic development assessment to financial due diligence, fund aggregation, deal sourcing, investment servicing, monitoring, and tracking to empower place-focused institutions to invest directly in community and economic development projects. LOCUS is comprised of three entities – a nonprofit, a for-profit Registered Investment Advisor, and a foundation. LOCUS is a wholly owned subsidiary of the non-profit, Virginia Community Capital (VCC), a regulated, certified community development financial institution (CDFI) and a holding company for several social enterprises, with over $500 million in assets under management.
VCC is a CDFI and regulated financial services holding company, with a mission to create jobs, energize places, and promote an enhanced quality of life. With offices in Christiansburg, Norfolk and Richmond, VA, VCC offers innovative and flexible financial tools and provides professional advisory services to individuals and organizations in underserved communities. Additionally, VCC is the holding company for a suite of other social enterprises, including the LOCUS companies and the multi-foundation guarantee pool, Community Investment Guarantee Pool (CIGP).
Position Summary:
VCC and LOCUS are currently seeking a Business Line Financial Analysis and Planning Manager/Controller for LOCUS. This is an exciting opportunity to lead the financial operations for a growing, impact and mission-oriented organization. The Business Line Financial Analysis and Planning Manager/Controller will work closely with the LOCUS President as well as VCC’s Chief Financial Officer to ensure LOCUS’ financial operations and reporting work smoothly while seeking out areas for continuous improvement.
As the Business Line Financial Analysis and Planning Manager/Controller for LOCUS, you will provide critical financial leadership for this innovative, growing department. You will support LOCUS leadership by preparing reports, analyses, budgets, and forecasts as needed. You will locate financial challenges and opportunities and work with business line leadership to identify options and solutions You will also be responsible for building out new financial planning protocols and ensuring that all appropriate processes related to finance are closely followed so LOCUS remains in compliance with all regulatory, tax, accounting, legal, and grant agreement requirements. This position will ensure payments are promptly made to vendors and staff, accounts receivable is appropriately processed and managed, and funds are spent in accordance with contract and grant agreements. Additionally, you will be empowered to identify and recommend process improvements to streamline financial operations within LOCUS and more broadly at VCC.
Responsibilities:
Financial planning and analysis:
- Preparing annual budgets, forecasts, and financial reports to partners, investors, grant funders, and other external stakeholders
- Engaging and driving LOCUS leadership to develop financially sound business plans and serving as business line financial advisor
- Analyzing and interpreting balance sheets, income statements, cash flow, and liabilities for all LOCUS entities
- Locating emerging financial variances and making recommendations for resolution
- Working with the LOCUS President to develop appropriate line of Business profit modeling concepts and helping with the resultant implementation for the LOCUS team
Financial compliance:
- Developing and monitoring policies, processes, and procedures and/or implementing the current corporate processes for the LOCUS entities
- Evaluating and enhancing financial controls and tax return procedures
- Work with LOCUS compliance officer to ensure compliance with financial management, regulatory and accounting regulations
Financial operations:
- Instituting and driving annual, quarterly, and monthly financial planning processes and tools
- Monitoring closing processes, billing, invoicing, expenses, reimbursements, and grant income recognition
- Reviewing journal entries and account reconciliations
- Maximizing returns on excess cash balances and improving closing and reporting cycles
Team leadership:
- Ability to provide leadership/direction to financial and accounting staff
- Ability to translate corporate finance policies and processes to the unique characteristics of the LOCUS entities
- Ability to produce external financial reports and explain them to LOCUS grant funders and clients as needed
- Analyzing profit center performance metrics and making recommendations for improvement
Requirements:
- 10+ years of experience as a Financial Planning and Analysis professional (or equivalent position) at a bank, Registered Investment Advisor, or other financial institution, or large foundation
- Robust knowledge of accounting and financial standards, regulations and practices in a non-profit and/or financial institution setting
- Experience in consulting/client services and in the nonprofit and philanthropic sectors
- Advanced competency with financial management and accounting software (e.g., Fiserv/Precision, ProfitStar)
- Demonstrated experience establishing and implementing financial strategy and working across departments within an organization
- Ability to use financial (and other) information for performance management
- Superb organizational and time management abilities
- Ability to work across functions within the organization
- Excellent leadership skills as demonstrated by experience in managing and supervising others Additionally, preference will be given to those experienced in explaining and implementing financial processes in teams with limited financial background
- Excellent communication and collaboration skills, both in person and in writing
- Familiarity with Salesforce preferred
Compensation:
LOCUS and VCC offer a competitive salary of $90,000 to $120,000 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:
Click here to apply or mail or fax resume with cover letter to:
Human Resources
Virginia Community Capital
7814 Carousel Lane, Suite 100
Richmond, VA 23294
Fax: (804) 939-6180
Background:
LOCUS Impact Investing is a national firm providing a comprehensive set of tools to the increasing number of foundations, place-focused impact institutions and philanthropic individuals looking for innovative ways to invest in and transform their local communities. LOCUS offers a range of products from strategic impact investment planning and capacity building to outsources direct investment services. These direct investment services include the deployment of capital via deal sourcing, financial due diligence & underwriting, and fund aggregation as well as portfolio management, asset servicing, risk monitoring and impact tracking to empower place-focused institutions to invest directly in community and economic development projects. These investment services are housed in LOCUS Capital, a Registered Investment Advisor – which is pan entity of LOCUS. LOCUS is a wholly-owned subsidiary of the non-profit, Virginia Community Capital (VCC).
VCC is a CDFI and regulated financial services holding company, with a mission to create jobs, energize places, and promote an enhanced quality of life. With offices in Christiansburg, Norfolk and Richmond, VA, VCC offers innovative and flexible financial tools and provides professional advisory services to individuals and organizations in underserved communities. Additionally, VCC is the holding company for a suite of other social enterprises, including the LOCUS companies and the multi-foundation guarantee pool, Community Investment Guarantee Pool (CIGP).
Position Summary:
As described above, LOCUS provides Asset Management & Servicing to place-focused philanthropic institutions and impact investing funds. These back-office services include asset maintenance, cash management, payments and disbursements, risk monitoring, and both financial and impact reporting to clients and their funders. LOCUS currently leverages a small team using a loan servicing platform as the basis for this product offering. The platform is in in the early phases of being upgraded technologically to better meet the needs and expectations of impact investors in terms of quality, capabilities, flexibility, and price.
The Manager of Asset Management and Servicing position will be responsible for 1) maintaining the current client portfolio, 2) developing new client relationships and growing this LOCUS business-line, 3) improving quality and customer satisfaction via process improvements and talent competency advancement, 4) overseeing the efforts to build and transition to a new modern and scale platform.
This is a unique opportunity to join a mission-aligned organization in the early stage of growth and contribute to
the emerging field of local impact investing by place-focused institutions throughout the country.
Responsibilities:
• Live and represent the values and mission of the organization – keeping diverse, equitable, and inclusive impact at the center of all leadership and execution.
• Design, implement and execute efficient and effective protocols for:
- Onboarding new clients and their assets into LOCUS system.
- Transacting between investors/investees (including billing/involving, payments, disbursement, and reconciliations).
- Monitoring asset quality via asset administration, covenant tracking, risk reviews.
- Reporting financial and impact results for client, investors, investees, accountants, and other stakeholders.
• Lead business development efforts to attract new clients, expand current client relationships, and expand product offerings that work backwards from prospect/client needs.
• Institute culture and frameworks for Agile-like continuous improvement to streamline and automate processes allowing for scale capture and improving product quality.
• Guide a Product Owner in development and delivery of a new Asset Servicing platform. Transition current portfolio to new platform when available.
• Engage and manage direct and indirect reports across the VCC and LOCUS institutions as well as third party relationships to deliver and execute. Measure this leadership success in terms of equitable and inclusive engagement alongside customer satisfaction.
• Embrace a leadership role in start-up organization that will include responsibility for building and growing a diverse team of talent.
• Support the Chief Compliance Officer overseeing LOCUS’ compliance programs and relevant policies to ensure LOCUS is compliant with applicable securities, banking and charitable laws and regulations, including but not limited to Registered Investment Advisor rules. Support and participate in all regulatory examinations, preparation of responses for inquiries related to investment advisory processes and procedures, and collaboration with appropriate stakeholders to develop and implement remediation plans for any issues noted during examinations.
• Position as an engaged leader. Provide vision and strategy to the larger enterprise – advancing the financial success and mission of the organization as well as promoting additional ideas for equitable and sustainable impact and growth.
• [Post-pandemic] Some travel required for internal and client meetings.
Requirements:
Qualifications:
• Bachelor’s degree from a 4-year college or university with focus in finance and/or accounting; master’s degree in related field preferred
• At least 15 years of professional experience; with at least 5 years in management
• At least 5 years banking, financial services securities, and/or investment management experience.
• Experience, knowledge of, or interest in community development financing and impact investing.
• Experience, knowledge of, or interest in working with place-focused philanthropic institutions and impact investing funds.
• Experience leading full-lifecycle client engagement – from prospecting to business development to client relationship management.
• Knowledge of or experience in working in regulated financial services organizations with baseline understanding of financial advisory regulations and duties – including audit and review response.
• Registered Investment Advisor preferred; if not, must pass Series 65 exam in first 180 days.
• Proficient with Microsoft Office Suite and Salesforce. Knowledge of Fiserv Core Loan Processing system or similar system preferred.
• Demonstrated knowledge of IT concepts and trends; ability to work with IT staff and vendors. Ability to quickly learn and implement new software tools required.
• Access to high-speed internet bandwidth required and reasonable proximity to major metropolitan airport.
Skills Required
• Product development experience in technology and operational settings; impact investing, community finance and/or financial services experience preferred.
• Proven track record of delivering data driven solutions with a customer-first mindset.
• Balance of technical knowledge and business acumen.
• Excellent communication and presentation skills with the ability to engage, influence, and inspire
partners and stakeholders to drive collaboration and alignment.
• Team building – ability identify resource needs and attract, retain diverse/top talent.
• Client management– experience prospecting, business development, and managing client relationships.
• Strong stakeholder and client relationship management background.
• Ability to compose and present comprehensive reports.
• Ability to plan, organize and drive workshops and collaborative stakeholder meetings.
• Proactive, self-starter with excellent project management skills and ability to manage multiple tasks effectively.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skill.
Compensation:
This role will be a six-month independent contract (1099) with potential to hire as a full time employee. Contract compensation is based on experience.
For employees. LOCUS 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. Employee compensation is based on experience.
How to Apply:
Please mail, email, or fax resume with cover letter and salary requirement to:
Human Resources
LOCUS Impact Investing
7814 Carousel Lane, Suite 100
Richmond, VA 23294
HR@vccva.org
Background:
LOCUS Impact Investing is a national firm providing a comprehensive set of tools to the increasing number of foundations, place-focused impact institutions and philanthropic individuals looking for innovative ways to invest in and transform their local communities. LOCUS offers a range of products from strategic impact investment planning and capacity building to outsourced direct investment services. These direct investment services include the deployment of capital via deal sourcing, financial due diligence & underwriting, and fund aggregation as well as portfolio management, asset servicing, risk monitoring and impact tracking to empower place-focused institutions to invest directly in community and economic development projects. These investment services are housed in LOCUS Capital, an affiliated Registered Investment Advisor and wholly-owned subsidiary of the non-profit Virginia Community Capital (VCC).
VCC is a community development financial institution (CDFI) and bank with a mission to create jobs, energize places, and promote an enhanced quality of life. With banking offices in Christiansburg, Norfolk and Richmond, VCC offers innovative and flexible financial tools. In addition, VCC provides professional advisory services to individuals and organizations in low-to-moderate income and underserved communities.
Position Summary:
As described above, LOCUS provides direct investment services to place-focused philanthropic institutions and impact investing funds. The Fund Modeling Contractor will support the development of a financial model for a regional impact investing fund (the “Fund”).
This is a unique opportunity to work with a growing, mission-aligned organization and contribute to the emerging field of local impact investing.
Responsibilities:
Building out and updating the Fund’s Excel financial model, including but not limited to:
- Updating the model – or components thereof – to account for new variables, considerations, and/or structures.
- Creating and running scenarios to stress test key assumptions.
- Ensuring the integrity and proper functioning of formulas.
Researching model inputs and assumptions using available industry sources and other methods and analyses, as possible.
Offering insights and suggestions to improve the financial model while managing and navigating the unique requirements of the Fund.
Participating in drafting sessions, both internal and external.
Requirements:
• Deep experience with, and knowledge of, pooled investment vehicles and securities. Knowledge of debt products commonly used in community lending a plus.
• Excellent Microsoft Excel skills.
• Strong analytical, problem-solving, and time management skills with a proven ability to meet deadlines.
• Excellent communication and presentation skills with the ability to engage, influence, and drive collaboration and alignment.
• Prior experience in investment banking, private equity, hedge funds, structured finance, or similar fields a plus.
• Access to high-speed internet bandwidth required.
Compensation:
This role will be an independent contract (1099) with hourly compensation based on experience.
How to Apply:
Please send an email expressing your interest and qualifications with hourly rate requirement and resume to
info@locusimpactinvesting.org.
Background:
Opportunity Virginia is a two-year old initiative at Virginia Community Capital with the mission to encourage the use of the Federal Opportunity Zone incentive to enable positive community impact investments in the Commonwealth of Virginia. Opportunity Virginia provides and ensures fair and equitable access to resources, facilitates productive connections between investors, project sponsors, and communities via an inclusive marketplace, and maintains a pulse on socio-economic impact in Opportunity Zones throughout the Commonwealth.
Virginia Community Capital (VCC) is a community development financial institution (CDFI) with a mission to create jobs, energize places, and promote an enhanced quality of life. With offices in Christiansburg, Norfolk and Richmond, VCC offers innovative and flexible financial tools. In addition, VCC provides professional advisory services to individuals and organizations in low-to-moderate income and underserved communities.
Position Summary:
After the Opportunity Zone tax incentive became a reality in 2018, the Commonwealth of Virginia commissioned the creation of an Opportunity Zone marketplace. Initially a 2-year program, Opportunity Virginia has two primary objectives: 1) building and nurturing a place for Opportunity Zone stakeholders to learn and engage, to share project ideas and pipeline, and to link investors with business; and 2) making inclusive and equitable economic growth a priority alongside the market-driven capital flows. Due to success and impact of the program, Opportunity Virginia is continuing efforts through at least mid-2022.
The Opportunity Zone Market Manager position will have three essential responsibilities:
1) Educate, assist, and empower local businesses, developers, officials, investors, economic developers, and other community interests with the Opportunity Zone incentive. The position will ensure fair and equitable access to Opportunity Zone resources for all localities and interests. Importantly, this position will seek to encourage and enable positive community impact investments in conjunction with financial returns.
2) Locate, inventory, and cultivate a pipeline of potential investments in Opportunity Zone communities across Virginia. This role will screen and steer projects to appropriate resources and investors – as well as provide initial technical assistance for community impact investments.
3) Attract and match national, regional, and local capital sources to Virginia Opportunity Zone communities. This position will maintain relationships with investors, businesses, developers, local government, community interests, philanthropy and non-profit groups to enable capital flow.
Responsibilities:
Community outreach:
• Proactively provide current and easily accessible program information
• Maintain and provision tools and investment resources for local community, business and economic development leaders
• Engage business proprietors, developers, economic developers and community finance institutions
• Facilitate convenings of investors and investees to generate energy, educate, and help build working relationships between stakeholders
• Maintain focus and commitment to capital pools aimed at social impact investing Pipeline inventorying:
• Identify and locate community impact investments
• Inventory project pipeline with parameters to help matching with potential investors
• Set-up screening of potential investments for several elements, including: Opportunity Zone eligibility, potential financial return, and potential social impact
Investor relations:
• Inventory pool of local, regional, and national investors
• Maintain relationships with investors and conduct ongoing outreach
• Understand sector interests and risk tolerance of potential investors
• Provide informative material and field investor inquiries
• Work with internal and external partners to help communities market pipeline
Transaction support:
• Proactively match investors to pipeline
• Connect investors to potential investment sponsors
• Assist with locating Federal, Commonwealth, and local government programs and incentives to enable transactions
Community impact measurement
• Set up methods and measurements to track socio-economic impact in Opportunity Zones communities
Requirements:
• Bachelor’s degree from a 4-year college or university with focus in economics, finance, business, impact investing, community development, or similar fields
• Master’s degree in related fields preferred
• 5-10 years of relevant work experience required related to community development finance, community economic development, management consulting, investment banking, commercial banking, real estate development, and/or private equity
• Finance expertise in market research, business case development, transaction modeling, deal structuring, due
diligence and underwriting, and pitch book development preferred
• Social impact investing experience a plus
• Excellent verbal, writing, presenting, and communication skills
• Travel within Virginia may be required
Compensation:
Virginia Community Capital offers competitive contract-based compensation based on experience and skills.
How to Apply:
Please mail, email, or fax resume with cover letter and salary requirement to:
Human Resources
Virginia Community Capital
7814 Carousel Lane
Richmond, VA 23294
HR@vccva.org
Background:
Who we are: Carolina Small Business Development Fund (CSBDF) is a nonprofit and certified community development financial institution (CDFI). We are passionate and committed to providing support to small businesses across the state. Our Mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses. CSBDF provides assistance to small business in four major ways: as a partner, as a trusted guide, as an advocate for small businesses, and as an accessible funding source. Our work supports our vision to create economic opportunity for all people.
Position Summary:
Nature of Work: The Director of Development and Strategic Partnerships will manage and execute the organization’s grant writing, related development work, fundraising function. Liaison role and foundations, corporations, national and state banks, federal and state governments, and other potential Carolina Small Business Development Fund funders and donors.
Supervision Received/Exercised: Works under the general supervision of the VP, Chief Financial Officer and has no direct supervisor responsibilities.
Responsibilities:
Essential Job Functions: The following duties ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification. Shown are duties intended to provide a representative summary of the major duties and responsibilities. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional, position-specific duties.
Development Functional Area:
• Identifies, cultivates, solicits, and steward’s relationships with foundations, corporations, financial institutions and private foundations under the direction of the CEO/President.
• Engages to establish long-term partnerships and strengthen existing relationships with the corporate and foundation sector, state agencies, as well other key community groups that will result in funding for the immediate and long-term goals of Carolina Small Business Development Fund.
• Creatively engages board members, program staff, and volunteers in fundraising initiatives.
• Organizes, plans, and manages various special events including the Annual Small Business Award Luncheon.
• Functions as the internal and external point of contact for the development function.
• Develops sponsorship format and proposals to secure funding for CSBDF’s signature events (Annual Small Business Week Awards Luncheon, WWBC Conference, and BEW).
• Partners with CEO and program functions to secure sponsorships.
• Advises on fundraising goals for event sponsorship and work with the CEO/President to meet and exceed targets.
• Builds and manages Dream Catcher’s Circle and Small Business Champion Annual Fund programs. Builds relationships and accountability systems to ensure supporters are engaged and our mission is clearly articulated.
• Prepares annual fundraising strategy and work schedule to include long-range fundraising support and plans for prospecting new funders for annual giving. Track and communicate funding progress towards goals.
• Writes and develops highly competitive proposals and grant applications for foundations, government and corporate prospects for funding.
• Maintains regular contact with supporters, keeping them informed of our impact on the community and presenting compelling proposals regarding any new funding needs.
• Works with local financial institutions in partnership with the CEO/President to assess funding interests and negotiate level and type of support.
• Monitors award deadlines and make timely proposal submissions. Regularly communicates with Compliance Officer to ensure that reporting requirements are met all grants, program-related investments and other awards.
• Develops a strategy to expand individual donor base of giving. Maintain CSBDF’s giving policy and update as required.
• Researches and pursues opportunities to increase development capacity, including volunteer support and in-kind consultants.
• Provides training and coaching as needed to the Board and staff for consistency and effective fundraising.
• Maintains internal policies and best practices for vetting grant opportunities, ensuring that all future grants are financially sustainable for the organization and align with the organization’s mission and goals.
• Supports external stakeholders and funding prospects understand our mission, and the financial impact that Carolina Small Business Development Fund’s services have on the communities it serves.
• Performs other duties as assigned.
Financial Functional Area:
• Manages and provides accurate monthly reports on fundraising revenue sources to VP, CFO and CEO/President.
• Oversees and participates in expenses tied to the fundraising programs, seeking to grow efficiencies and economy, wherever possible.
Marketing/Communications Functional Area:
• Works in partnership with the Director of Marketing and Communication on ongoing outward facing projects (including Annual Report), fundraising campaigns, funding press releases, development strategic plan, and marketing plan.
• Leads monthly Development Strategy meetings with the Development Committee (CEO/President, VP-CFO, VP-BS, VP-P&R, and Director of Marketing and Communication).
• Serves as an experienced philanthropic voice for internal leadership conversations and strategy sessions.
Requirements:
Qualifications:
Experience:
• Bachelor’s Degree in such a field that supports the organization’s model.
• Master’s degree in a related field (MBA or MPA preferred).
• Nonprofit Experience and/or a nonprofit management certification.
• At least 5 years’ of grant writing and fundraising experience in the nonprofit sector.
• Experience with managing and applying for federal grants (SBA, USDA programs, ARC).
• Other experience includes, but is not limited to, public relations, prospect management, sponsorships, annual fund management, donor relations and event planning.
• Any combination of experience and training that can be considered equivalent to the education preference.
Knowledge:
• Knowledge of cultivation and solicitation strategies and techniques, particularly in the area of corporate and foundation fundraising.
• Knowledge of grant and proposal writing for varied proposal developments.
• Knowledge of methods, practices, and procedures for obtaining information about the giving programs of corporations and foundations.
• Understanding of CDFIs, economic development principles, and outcomes related to projects and grants.
• Understanding and knowledge of budget and financial projections is a plus.
• Familiar with Salesforce and TEA software applications preferred.
Skills/Abilities:
• Ability to raise gifts from a variety of sources including individual donors, as well as corporate and foundation funders.
• Ability to execute discretion and high level of judgement for funding opportunities.
• Strong communication, organization, and detail-orientation skills.
• Maintains confidentiality in processing sensitive donor information using discretion and tact.
• Supports a quality credit culture and operate on a team-based lateral organization structure.
• Maintains and supports a shared collaborative team culture in person and virtually.
• Ability to meet reasonable deadlines and prioritization of workflow within a changing and fast paced work environment.
Living our Values:
• Economic Justice: Demonstrates commitment of economic justice through partnerships with donors and fundraising efforts.
• Opportunity: Demonstrates commitment of opportunity when pursuing grant opportunities.
• Customer Service: Provides exceptional efficient and effective customer service to all stakeholders including co-workers, clients, board members, donors, partner agencies, and institutions.
• Excellence: Maintains an environment of excellence through a quality development attitude that drives performance results through a well-managed funding strategy.
• Integrity: Maintains an environment of integrity through the application of sound moral and ethical principles, especially through grant proposal writing and funding initiatives.
• Innovation: Promotes innovation of products and services available to improve economic access for all.
• Teamwork: The Director of Development and Strategic Partnerships seeks and encourages teamwork within the development function because that is essential to the foundation of our donor relationships.
• Passion: Embodies and encourages passion for the mission to support small businesses and exemplify that passion through grant writing and donor initiatives.
Physical Demands:
Work is principally sedentary but may involve some physical exertion during the course of normal work activities, and travel to meetings, conferences or workshops in other cities. As an exempt employee, extended hours may be required on a frequent basis.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment:
Work involves the normal risks or discomfort associated with a standard office environment and is usually in an area that is adequately heated, lighted and ventilated.
Compensation:
Compensation:
We offer a competitive salary that depends on prior experience. Our benefits package includes Medical, Dental, Vision, Short Term Disability, Long Term Disability, 401k Account with employer match, plus generous vacation and sick time.
The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change.
How to Apply:
Please visit https://www.carolinasmallbusiness.org/careers to complete an application with a resume and cover letter.
