Industry Job Bank

  • Make an impact and join the opportunity finance field.

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

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

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

Events Coordinator Opportunity Finance Network (OFN)
Washington, D.C., DC
Job Function: Other
Posted: March 12, 2019

Background:

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

Position Summary:

The Events Coordinator will work with 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) in conjunction with 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 manage attendee issues.

  • Manage Conference breakout session presenters: communicate key dates, gather speaker needs, handle inquiries, communicate needs to Meeting Planner.

  • Manage 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.

  • Lead attendee evaluation process for all events. 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 event or project management.

  • Professional event planning experience of events up to 1,500 people

  • Knowledge of the CDFI industry is strongly preferred.

  • Experience drafting original audience specific communications for management review and publication required.

  • Must be proficient with MS Office Suite products.

  • Excellent organizational and problem-solving skills with a keen eye for detail.

  • Ability to manage multiple projects simultaneously with ease and efficiency under minimal supervision.

  • 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:

   

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

Executive Director CDFI Friendly Bloomington
Bloomington, IN
Job Function: Other
Posted: April 26, 2019

Background:

CDFI Friendly Bloomington (CFB), a startup 501.c.3 nonprofit, is seeking a founding Executive Director. CFB aims to:

• Create a new model for CDFI financing, by establishing local CDFI Friendly Bloomington to collaborate with regional and national CDFIs and encourage them to serve the Bloomington market;
• Market and promote Bloomington and Monroe County to CDFIs across the state, the region, and the nation;
• Match CDFIs to local demand for financing from businesses, housing developers, nonprofits, and community organizations;
• Structure and manage financial investments alongside the CDFIs in support of local borrowers.

Position Summary:

The founding Executive Director is the primary staff person to set up the organization, with support from the founding Board of Directors, and to lead it in its work. The ideal candidate will bring credit experience at a CDFI and/or in community development, experience or capacity to manage a startup organization, strong leadership qualities, and the disposition for working closely with a nonprofit board. Familiarity with Bloomington/Monroe County is a plus.

Responsibilities:

The Executive Director will lead CDFI Friendly Bloomington through its start-up phase to full-scale operations. To that end, the Executive Director will assume responsibility in the areas of program development, management, fundraising and public relations. The Executive Director will:

Program
• Represent CDFI Friendly Bloomington in the local community, promoting its goals and services, and with the CDFI industry locally, regionally, and nationally, advocating and advancing local financing opportunities.
• Develop outreach and marketing materials to distribute to potential partners, investors, funders, and allies.
• Coordinate CDFI Friendly Bloomington’s work with investors, funders, the City of Bloomington, and others pursuing aligned goals.
• Participate in CDFI industry activities to understand CDFI priorities, to promote Bloomington and Monroe County, and to seek financial support.
• Negotiate and structure financing using CDFI Friendly Bloomington’s defined products, present financing opportunities to CFB’s Investment Committee and Board, close transactions, and monitor investments and portfolio performance.
• Report regularly to the Board and to investors on programmatic outcomes and performance.
• Develop and propose programmatic adjustments and/or enhancements in pursuit of CDFI Friendly Bloomington’s mission and purpose.
• Provide strategic direction and leadership, including recommending to the Board of Directors possible improvements in the organization’s strategy and program.

Management
• Set up and supervise operating systems, including financial management, operational polices, loan policies, and other core functional procedures.
• Create and implement procedures and documentation to close funding and financing as well as other contractual business relationships for CDFI Friendly Bloomington.

Fundraising
• Develop a fundraising strategy and raise funds, as determined with the Board of Directors, to ensure ongoing operations and organizational sustainability.
• Manage relationships with funders and investors, including seeking and cultivating relationships with new and additional funders and investors, as needed.
• Maintain and track fundraising data

Public Relations
• Conduct organized and effective public relations effort in local and CDFI markets through social media, earned media, and direct communications.
• Ensure clear understanding of and encourage strong support for the goals and mission of CDFI Friendly Bloomington.

Requirements:

This position involves an unusual blend of financial experience, credit expertise, nonprofit management history, and local market awareness. The Executive Director must have strong financial, writing, speaking, public relations, management, leadership, and planning skills. They must be able to work in both the local community with partners that bring diverse backgrounds and skills as well as in the financial marketplace of CDFIs, banks, and foundations. They should be skilled organizers able to bring together people across multiple areas of expertise and diverse cultures.

The Executive Director must have a bachelor’s degree. A master’s degree in business, management, economic or community development, banking, and/or finance is a plus. They must have at least five (5) years of work experience including management, credit, and public-facing duties such as public relations. Strong candidates will demonstrate continuous growth in responsibility in their work and regular pursuit of promising new opportunities.

Compensation:

Benefits package valued from $100,000–$120,000 commensurate with experience

How to Apply:

Please submit your cover letter and resume or CV to

CDFI Friendly Bloomington
c/o Community Foundation of Bloomington and Monroe County
100 S. College Avenue, Suite 240
Bloomington, IN 47401
or
info@cfbmc.org

CDFI Friendly Bloomington is an equal opportunity employer and offersemployment opportunity without regard to race, creed, color, ethnicity, national origin, sex, sexual orientation, sexual expression, age, marital status, physical ability, pregnancy, religion, veteran status or military obligations.

CDFI/NACA Reviewer F2 Solutions, LLC
Largo, MD
Job Function: Other
Posted: April 24, 2019

Background:

Call for Community and Economic Development Practitioners

The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified personnel to serve as Application Reviewers and Alternates for the FY 2019 round of the CDFI Program and the Native American CDFI Assistance (NACA) Program.

CDFI Program Overview
Through the CDFI Program, the CDFI Fund invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. The CDFI Fund invests in certified CDFIs by awarding Financial Assistance awards to applicants who have demonstrated the financial and managerial capacity to provide financial products and services to a low-income target market and to leverage additional resources effectively. Through Technical Assistance grants, the CDFI Fund enables certified CDFIs and emerging entities working toward certification to build their capacity as lending institutions.

NACA Program Overview
In 2004, the CDFI Fund introduced the NACA Program, which was specifically designed to encourage the creation and strengthening of CDFIs that primarily serve Native American, Alaska Native, and Native Hawaiian communities (Native Communities). Organizations funded serve a wide range of Native Communities, and reflect a diversity of institutions in various stages of development – from organizations in the early planning stages of creating a CDFI, to tribal entities working to certify an existing lending program, to established CDFIs in need of further assistance. The CDFI Fund awards both Financial Assistance and Technical Assistance awards under the NACA Program.

For more information about this opportunity and to apply, please use the link below. The CDFI Fund has contracted with F2 Solutions to process Reviewer applications on a rolling basis. Applicants will have until May 3, 2019 to apply.

Position Summary:

The CDFI Fund requires Reviewers to have considerable expertise in community and economic development finance sectors such as affordable housing, small business, microfinance, and commercial real estate financing; financing of community-based organizations; familiarity of depository institutions such as credit unions and banks; the pooling of community development loans for sale in secondary markets; and development service activities. Previous experience reviewing CDFI Program or NACA Program applications and/or prior reviewer service for other CDFI Fund programs, including HFFI-FA is preferred. Please note individuals who are selected will be subject to Conflict of Interest (COI) screening. These forms will be made available by the CDFI Fund after selection.

Responsibilities:

Reviewers will evaluate applications using the CDFI Fund’s established review criteria. It is estimated that each application review will require approximately 2-3 labor hours to complete and reviewers will typically complete approximately 10 application assignments over the course of four-five weeks. Reviewers shall complete review assignments each week in accordance with the CDFI Fund’s application review schedule.

The CDFI Fund anticipates Reviewers and select Alternate Reviewers will complete approximately five (5) hours of remote training mid-June 2019. Application evaluations and quality control checks will occur from approximately late June 2019 through early August 2019. Evaluation of applications will be completed using a web-based review tool from the reviewer’s chosen remote location. As a result, reviewers are required to have consistent high speed Internet access and conference call capability.

Requirements:

Reviewers are required to provide an independent, unbiased assessment of applications in accordance with the CDFI Fund’s evaluation guidelines. Reviewers will evaluate the soundness of each applicant’s comprehensive business plan. Reviewers will be paired with a Team Leader who will provide feedback on each of the reviews and address any questions regarding the evaluation process and criteria.

Compensation:

Compensation will be paid in the form of two honorarium payments: (a) at the conclusion of the training cycle, and (b) at the conclusion of the designated application review cycle. No partial honorarium payments will be made. Current Federal employees and Federal contractors are not eligible for honorarium payment. All Reviewer Payment rates are outlined below:

Grant Review Payment Structure
• $100.00 upon completion of all training requirements
• $200.00 for each completed and accepted CDFI and NACA application review by the CDFI Fund

How to Apply:

If you are interested in applying as a Reviewer, please review the following the steps:
1. Visit our Reviewer Registry site - www.reviewerregistry.net.
2. If you are a new user, please visit Reviewer Registry and create your profile. Then proceed to step 4.
3. If you have a current profile, please log in to review and update your professional expertise and your contact information.
4. Once your profile has been created/updated, please select the “Sessions” tab from the menu, click the “Add Session Code” button and enter the session code: 441952.
5. Complete the four (4) required forms located under “Reviewer Documents,”
Required Forms:

1) 2019 CDFI and NACA Programs Scope of Work
2) 2019 CDFI and NACA Programs Experience Form
3) 2019 CDFI and NACA Programs COI Form
4) 2019 CDFI and NACA Programs NDA Form

Registration does not guarantee selection to participate in the 2019 CDFI Application Round. If you are interested in this opportunity, please review the Reviewer requirements and register with F2 Solutions as soon as possible. In order for you to be considered, you must have a completed profile, which includes an uploaded resume, as well as ALL of the aforementioned forms completed within the reviewer recruitment system by May 3, 2019.

Loan Servicer FINANTA
PHILADELPHIA, PA
Job Function: Lending/Loan Operations
Posted: April 23, 2019

Background:

FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers and first-time homebuyers in the Philadelphia region. FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social and language barriers that growing immigrant and minority populations face. FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and the State of Delaware.

Position Summary:

The Loan Servicer will assist the lending staff in the delivery of first-time home buyer mortgages, entrepreneur and nonprofit economic development loans. In addition, this position will have administrative responsibilities including greeting and receiving visitors and clients.

Responsibilities:

Main responsibilities for administrative duties:
• Must be bilingual in English & Spanish with excellent oral and written skills
• Greet and receive all incoming visitors/clientele and direct to the appropriate staff person.
• Receive all mail & packages, sort and distribute to appropriate party.
• Mail all correspondence as assigned.
• Type reports, proposals, letter, memos, labels and other correspondence.
• Maintain FINANTA’s event calendar.
• Perform other related duties as assigned.

Main Responsibilities for Loan Servicing Duties:
• Assist and prepare loan portfolio reports for Accounting Department.
• Maintain collection process - make sure customers are making timely payments.
• Prepare Loan Documents for Closing and review title search.
• Upon loan closing, create binder for the customer, including respective sections.
• Coordinate with lenders to record documents in the City and State, have proper follow up, and file documents once back from being recorded.
• For clients, draft and mail letters requesting an appointment for site visits, inform clients about missing information for pick up at site visit per closing list.
• Maintain current insurance information on each file to avoid a lapse in coverage.
• Prepare paid-off loan files for archiving.
• Order Title Search/Appraisal/Mortgage pay-offs and follow up on timelines.
• Review loan data and database information to ensure accuracy and integrity. Generate portfolio reports (accounting, employment, escrows, & insurance reports).
• Review and monitor escrow holdback accounts.
• Report any conditions affecting customer satisfaction.​
• Review documentation to determine that loans complies with FINANTA’s policies, procedures, and loan approval closing conditions.

Requirements:

Qualifications:
• Must be able to speak and write excellent English & Spanish.
• Minimum two year college degree or minimum two-year loan servicing experience required.
• Strong computer skills - Microsoft Office, automated accounting system and a loan database.

Compensation:

Commensurate with experience

Job Benefits:
• HMO medical, vision, dental
• Short/long term disability coverage
• Life insurance
• 401K employee retirement plan after one year matched by FINANTA up to 4% of total yearly salary
• Paid time off

How to Apply:

Our partner Community First Fund is assisting us (FINANTA) with the hiring process.
Interested candidates should send a cover letter and resume to Cindy Stewart at cstewart@communityfirstfund.org

Loan Portfolio Manager - Community Development Group Charles Schwab
San Francisco, CA
Job Function: Financial Services
Posted: April 22, 2019

Background:

We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Position Summary:

The Portfolio Manager supports all members of Community Development Group (CDG) meet Charles Schwab Bank’s Community Reinvestment Act (CRA) obligation. CDG supports programs that help meet the lending, investment and service needs of all our communities, including low- and moderate-income (LMI) neighborhoods. We recognize that serving our communities through sound lending and good business practices benefits both the communities and the Banks themselves.

CDG is responsible creating a CRA strategy; and, developing, implementing and coordinating the Bank’s CRA/community development program. The Manager is specifically responsible for portfolio management and reporting, financial and transaction analysis and due diligence, loan and investment management, data reporting, and operations.

Responsibilities:

Portfolio Management & Reporting
•Provide support for post-closing monitoring and management of loans and investments, including monitoring cash flows, invoicing, and processing wire requests.
•Assist Managing Director, Portfolio Management and Business Operations in processing, creating and distributing reports on a quarterly, annual, and, when necessary, interim basis
•Track the macro- and micro-performance of the CDG portfolio by spreading client financial reports, communicating with clients, and critically assessing the clients’ financial performance.
•Track and report on progress made toward Charles Schwab Bank’s CRA goals

Underwriting Support
•Assist Managing Director, Lending and Compliance in performing due diligence, financial analysis and underwriting loan transactions

Operations
•Improve streamlining of operations infrastructure, with a focus on automating operations portfolio management and reporting.
•Proactively streamline operational processes in support of improved CDG collaboration and productivity; the life cycle of loans, investments and grants; and best in class client experience.
•Collaborate to develop strategies to build and connect our team through meaningful communications and activities.
•Identify and implement data analytics resources in support of CDG processes, portfolio risk management, and strategic planning & forecasting.
•Identify, collect and centralize critical social impact and facility, portfolio and industry level data in support of mitigating risk, effective reporting, decision-making, and achieving our CRA goals.

Special Projects
•Support the team, especially Managing Directors and Vice President, on special projects.
•Conduct financial analyses, market and product research to evaluate existing and new products and programs.
•Represent the Bank at local industry and client events.

Requirements:

Minimum five years of experience in finance and/or community development banking, preferably in small business and/or affordable housing
•Minimum four years of experience in portfolio management
•Strong attention to detail, excellent analytical and quantitative talent
•Excellent proficiency in Microsoft Excel, Microsoft PowerPoint and other Office products
•Adept at learning new technology
•Familiarity utilizing Salesforce and Tableau
•Strong written and verbal communication skills
•Strong organizational, project, and time management skills
•Familiarity with GAAP accounting preferred
•Ability to work across organizational boundaries and build strong partnerships with other departments within the Firm and vendors outside the Firm
•Strong interpersonal skills and ability to convey financial messages in easy to understand language
•Ability to self-lead and work with little supervision
•Ability to collaborate with a geographically disbursed team
•Collaborative, innovative and highly accountable mindset
•Bachelor’s degree required; advanced degree such as MBA or Master of Finance, Urban Planning, Public Administration, etc. preferred

Compensation:

DOE

How to Apply:

http://www.schw.jobs/tp/rj6-gI2O5.e-K

Managing Director AltCap
Kansas City, MO
Job Function: Investment
Posted: April 22, 2019

Background:

At AltCap, we believe that equitable access to capital creates stronger communities and a thriving, inclusive economy. For over 10 years we have deployed capital in communities and to small businesses underserved and overlooked by mainstream financial institutions – financing catalytic real estate development projects and job creating, growth enabling businesses investments.

Having passed the Tax Cuts and Jobs Act in 2017, Congress authorized the establishment of Opportunity Zones to encourage patient capital investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds which in turn make equity investments in qualifying assets (e.g. businesses or projects) in the designated Zones.

With the creation of the AltCap Opportunity Fund, AltCap intends to further its impact-driven capital deployment in targeted communities to accelerate the development of catalytic real estate projects as well as the growth of small businesses, in particular minority- and women-owned enterprises. By providing community-oriented development projects and small businesses with high growth potential the ability to access patient equity financing, AltCap will support the inclusive economic development and growth of low-income communities.

Position Summary:

The Managing Director has an opportunity to play a major role in building out the investment platform of a unique impact investing entity. With ultimate responsibility for the day to day management of the company, execution of its investment strategy, and achievement of its impact investment goals, the Managing Director will play an active role in all aspects of the company’s operations including sourcing deals, delivering written and oral evaluations of business opportunities, preparing and delivering professional marketing presentations to investors, buyers, sellers, and prospective clients, performing detailed company and industry research, preparing financial models and valuation analyses, participating in due diligence and transaction negotiation sessions, closely tracking industry trends, and ensuring that the funds under management exceed the expectations of our clients, while also managing risk to the company.

Responsibilities:

What you’ll do:

• Setting the overall investment thesis, impact strategy and risk-return objectives of the company alongside the Board of Directors.
• Developing a robust investment pipeline that matches a clearly defined investment strategy and impact objectives.
• Performing due diligence on potential investment opportunities as well as negotiating and finalizing deal structures.
• Developing, managing and expanding relationships with investors – including prospect research, creation of a pitch-deck, and presentations.
• Overseeing the preparation of investor materials, including an annual investor prospectus, quarterly and annual reports.
• Managing and developing strong relationships with external business partners including technology, legal, compliance, and our key third-party vendors.
• Supporting the expanding and evolving demand for alternative and impact investment products.
• Exploring ways to improve the company’s competitive position in the alternative and impact investment marketplace by providing new tools and capabilities that will improve the client experience.
• Forming and developing a team with a balance of subject matter expertise, risk management awareness, client service, and a strong desire to constantly evolve and improve.

Requirements:

What you have:

• A minimum of 7 years capital markets/financial services experience. At least 5 years of track record making recommendations and decisions on specific investments based upon fundamental research and analysis.
• Capital raising experience including sourcing, engaging and raising capital from a targeted investor base for single or multi-asset investment funds.
• Deep capital markets securities knowledge that includes an understanding of complex investment products and financing structures.
• Demonstrated passion for impact investing, development finance or social enterprise work.
• Familiarity with the latest impact measurement and management approaches.
• Relentless drive to achieve results and established performance goals.
• A commitment to inclusive economic development and growth as well as a strong belief in individual economic and social empowerment through entrepreneurship.
• Exceptional communications skills and a commitment to client service.
• Self-motivated leader with entrepreneurial mindset.
• BA/BS degree required – advanced degree preferred.
• Series 65 license, CFA or other professional investment credentials preferred.

Compensation:

What you’ll get:

• Comprehensive compensation (including profit sharing) and benefits package.
• Not just a job, but an opportunity to do the best work of your life building a unique investment entity making transformative investments in communities and businesses throughout the region.

How to Apply:

Please email to ruben@alt-cap.org 1) a resume or CV, 2) list of three professional references, and 3) a one-page cover letter articulating how you think Opportunity Zones can support inclusive, transformational economic development of low-income communities.

Loan Officer FINANTA
PHILADELPHIA, PA
Job Function: Underwriting
Posted: April 22, 2019

Background:

FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers and first-time homebuyers in the Philadelphia region. FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social and language barriers that growing immigrant and minority populations face. FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and the State of Delaware.

Position Summary:

I. JOB SUMMARY
The Loan Officer will support FINANTA's delivery of first-time homebuyer mortgages, consumer, entrepreneur, and nonprofit economic development loans. The Loan Officer will facilitate the lending process from start to finish, including origination, underwriting, closing, and ongoing servicing for both existing and new clients, while also providing loan packaging assistance as needed.
• Originate, underwrite, and close loans
• Meet or exceed unit’s monthly loan goals
• Provide loan packaging assistance to customers
• Refer customers to other units of the organization as needed

Responsibilities:

II. JOB FUNCTIONS
Increase customer base
• Build and maintain a pipeline of potential customers within FINANTA’s target market
Assess and identify prospects
• Perform intake process for potential customers and input information in the organization’s database (TEA)
General Underwriting
• Require loan underwriting information and application fee from borrower
• Seek borrower’s permission to pull credit and get the authorization form executed, if applicable
• Pull and review credit
• Conduct site visit to potential borrower, if applicable
• Analyze information (background, expertise, experience, market conditions, competition, financials, sources & uses of funds, budget, credit, risk & mitigating factors, and community impact when underwriting nonprofit loans).
• If declined, draft a letter of decline within 2 weeks from intake
• Draft credit memo for approval
• Seek approval from Management, Credit Committee and / or Board as required per Corporate Policy
• Ensure availability of funds from Accounting prior to commitment
• Refer to technical assistance department for credit coaching as required
Loan Documentation
• Prepare closing list, submit to, and coordinate closing with Loan Servicing Officer
• Prepare loan documents
• Prepare check request and submit to Accounting
• Provide escrows information to Accounting
• Prepare binders and update TEA database
• Input loan information as per reporting requirements
Post-Closing
• Provide closing information to Loan Servicing Officer
• Coordinate first payment and due date with Accounting
• Seek supporting documentation for use of loan proceeds from each borrower
• Support collection process, including site visits and drafting payment plans as needed
• Support defaults and foreclosures according to Corporate Policy
Other Lending Functions
• Contribute to the development of new lending products and services
• Seek customer referrals
• Attend networking events
• Manage existing portfolio and evaluate eligibility and terms for subsequent loan
• Maintain files in TEA database
• Arrange technical assistance for potential customers as necessary
• Document customer success stories, job retention/creation, revenue, assets, credit score changes, and other metrics as necessary at the beginning and the end of loan term

Requirements:

MUST be fluent in English and Spanish due to organization’s diverse customer base

III. JOB REQUIREMENTS
• Tend to evening and weekend work as needed
• Work with and support staff on all programmatic lending implementation activities
• Participate in staff group meetings and provide input as to the impact of lending work implementation
• Work closely with staff under strict accuracy and transparency
• Report on any and all irregularities or improprieties of staff and customers, including, but not limited to conflict of interest
• Pay extreme attention to detail
• Analyze and prepare reports on data analysis
• Focus on understanding needs presented by individuals; remain open and respectful to others' ideas and viewpoints
• Speak clearly and positively, write clearly and informatively, present numerical data effectively, and interpret information competently
• Know mission and business of the organization, and align work and values accordingly
• Follow policies and procedures, complete tasks correctly and on time, contribute to lending goals and objectives
• Approach all people in a tactful manner, react appropriately under pressure, treat others with respect, and accept responsibility
• Follow instructions, respond to directions, keep commitments, understand, agree and comply with customer confidentiality required by the position, and show flexibility in working schedule to meet organization and customer priorities

IV. QUALIFICATIONS/SKILLS/ATTRIBUTES
• An Associate’s or Bachelor’s degree in related field
• At least one (1) year or more experience in mission driven lending
• Excellent writing and verbal communication skills
• High proficiency in Excel and other Microsoft Office software
• MUST be fluent in English and Spanish due to organization’s diverse customer base

Compensation:

Salary commensurate with experience

V. Job Benefits:
• HMO medical, vision, dental
• Short/long term disability coverage
• Life insurance
• 401K employee retirement plan after one year matched by FINANTA up to 4% of total yearly salary
• Paid time off

How to Apply:

Our partner Community First Fund is assisting us (FINANTA) with the hiring process.
Interested candidates should send a cover letter and resume to Cindy Stewart at cstewart@communityfirstfund.org

Loan Program Coordinator and Administrative Specialist Innovative Changes
Portland, OR
Job Function: Lending/Loan Operations
Posted: April 22, 2019

Background:

ICS is a nonprofit Community Development Financial Institution that provides financial education, small-dollar consumer loans, and access to credit building and asset building opportunities. CASA of Oregon helps local direct-service organizations improve the lives of Oregonians, particularly in the rural areas of the state. We are organizers, advocates and development consultants focused on building hope, homes, and financial health for those in need.

ICS Equity Statement: https://www.innovativechanges.org/equity-statement

Position Summary:

This position will serve in two roles. The primary role will be that of the Loan Coordinator. The Loan Coordinator assists and supports the Innovative Products Manager to facilitate the ongoing success of the lending program. This position will handle many of the day-to-day operations of a busy consumer loan program with up to 300 borrowers in the portfolio, including evaluating loan applications, underwriting loans and performing loan closings with clients. The secondary role is that of Administrative Assistant for the staff of Innovative Changes. Primary duties include being the first point of contact for customers who call or walk in, taking and processing payments, assisting in scheduling events and classes, and some data entry.

Responsibilities:

See: http://bit.ly/ICS_LoanProgramCoordinator

Requirements:

See: http://bit.ly/ICS_LoanProgramCoordinator

Compensation:

Salary: $35,123.20-43,904.00 to start, based on experience

Benefits: Medical/dental/vision package, vacation/sick/personal time off, paid family and medical leave after six months, employer contribution to 401(k) after one year

How to Apply:

Full job posting and online application: http://bit.ly/ICS_LoanProgramCoordinator

Underwriter Finance Fund
Columbus, OH
Job Function: Underwriting
Posted: April 20, 2019

Background:

Finance Fund Capital Corporation (FCAP) is a certified nonprofit community development financial institution (CDFI) that forms public-private partnerships with financial institutions, investors, charitable foundations, community organizations, and federal, state, and local governments to provide flexible financing that supports economic development and job creation in low- to moderate-income communities. We provide urban and rural lending and financing to support a wide range of projects including affordable housing construction or rehabilitation, healthy food retail options in food deserts, small businesses, health care facilities and equipment, and community facilities.

Position Summary:

All aspects of underwriting including reviewing initial applications for completeness, analyzing financial and management capacity. Identifying initial credit issues. Appropriately structure loans based on applicant ability to repay in compliance with internal credit and program policies.

Responsibilities:

Serve as a primary project contact with applicants and institutional partners.
Review and analyze all customer financial information to ensure sound credit decisions are made. 
Originate and underwrite loans. 
Underwrite loan requests in a timely manner. 
Work with applicants through all stages of the borrowing process. 
Oversee loan disbursements. 
Make presentations to community organizations. 
Attend meetings and public events, which provide marketing opportunities. 
Some travel within the state of Ohio required.

Requirements:

Possess a bachelor’s degree in business or related field with a minimum of 2 - 5 years pertinent credit and underwriting experience in banking, finance, and/or community development. 
Knowledge of multiple types of lending programs strongly desired; experience with SBA-guaranteed lending procedures is preferred, but not required. 
Strong credit analysis and risk assessment skills. 
Customer oriented. 
Able to work independently and as part of a team. 
Possess critical thinking skills. 
Excellent written and verbal communication skills. 
Maintain exceptional customer service to remain consistent with company culture. 
Able to manage multiple projects simultaneously.

Compensation:

Negotiable

How to Apply:

To apply for this position, please send a cover letter and resume to Suzette Berry, MBA, the Vice President, Human Resources at Finance Fund and Finance Fund Capital Corporation at SBerry@FinanceFund.org

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