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  • Make an impact and join the opportunity finance field.

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

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

To submit a job listing, please use our online form. To edit or remove a posting please contact info@ofn.orgSubmissions will be reviewed and posted within 1 business day to ensure relevancy to the industry.

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

Loan Asset Manager Greater Minnesota Housing Fund
St. Paul, MN
Job Function: Financial Services
Posted: December 14, 2017

Background:

GMHF is Minnesota's largest non-profit certified community development finance institution (CDFI) serving housing development organizations, local governments and builders & developers with loans & grants, permanent financing, tax credit equity, technical assistance, research and policy analysis. Concentrations in affordable rental housing, home ownership, sustainable development, supportive housing with services, housing preservation, neighborhood revitalization, and the preservation of naturally occurring affordable housing. Minnesota Equity Fund (MEF) is GMHF's low income housing tax credit syndication subsidiary capitalized with $50 million in initial investor equity. MEF invests in affordable multifamily housing developments in Minnesota and other states. NOAH Impact Fund (NOAH) is GMHF’s naturally occurring affordable housing subsidiary. NOAH targets rental properties at risk of conversion to higher rents and the threat of displacement of low- and moderate-income residents.

Position Summary:

The Greater Minnesota Housing Fund Loan Asset Manager oversees a development loan fund portfolio and gap loan portfolio as well as equity investments in rental properties. The growing $42 million development loan fund portfolio is composed of a diverse set of 40+ outstanding loans for various real estate developments and enterprises, including predevelopment loans, construction loans, bridge loans, mini-perm and permanent loans, with various interest rates, cash flow provisions and other terms. Greater Minnesota Housing Fund manages a $60 million "gap loan" portfolio (200+ gap loans) composed of subordinate and deferred soft second loans which are largely inactive during the term, but with 4–6 maturing loans annually which must refinanced, repaid or extended. Additionally, GMHF is in the process of investing in $25 million of rental properties to preserve unsubsidized affordable housing in the metro. The Asset Manager position will ensure ongoing compliance with executed agreements, monitoring the overall health and condition of underlying properties and adherence to various regulatory agreements. Asset management is fulfilled through disciplined monitoring, reporting, and interaction with Greater Minnesota Housing Fund Loan Officers, borrowers, real estate developers, construction managers, and the principals of real estate partnerships.

Responsibilities:

  • Maintaining up to date knowledge of Greater Minnesota Housing Fund’s emerging and ongoing financing pipeline, existing loan assets, and a range of pending loans and equity investments.
  • Conducting hand-off meetings with internal parties after closing on all new financings, including meetings of Loan Officers, Loan Administrator, Loan Portfolio & Servicing Manager, and Accounting staff.
  • Coordinating with external parties including borrowers, processors, property manager, Title Company, attorneys and others as needed in order to coordinate documentation and build relationships. 
  • Monitoring all types of loans, including real estate loans, enterprise loans, facility loans, etc. on a monthly and/or quarterly basis to maintain direct knowledge of the status of the project/collateral and compliance with any loan requirements or covenants.
  • Monitoring the ongoing operations of the investment and/or loan collateral and/or the underlying properties to ensure continued compliance with applicable programs, loan documents, and the agreements
  • Reviewing operating budgets, financial statements, and audits of properties and borrowers.
  • Conducting and/or facilitating on-site inspections. 
  • Identifying and reporting loans or assets at risk due to operating issues, including such things as high vacancy & turnover, revenue & expenses variances, building condition, market issues and other compliance issues. 
  • Developing and monitoring an action plan in coordination with the Lending Team on progress for troubled assets on a regular basis to ensure improved asset performance. Corresponding regularly with the borrower and internally on status.
  • Flagging the need for, initiating and assisting in project workouts, involving loan officers as need to manage negotiations. 
  • Monitoring construction period progress including conducting site visits, evaluating, approving and processing construction draw requests, monitoring loan disbursements and/or capital contribution needs.
  • Monitoring the status of occupancy and/or lease-up on investments and/or constructions loans and interacting with the Borrower, Property Manager and the Loan Officer to measure progress metrics and maintain knowledge of the loan/investment through the lease-up phase 
  • Managing, monitoring and communicating  with Loan Officers and Finance Staff on status of required loan payments and/or the status of due dates.  
  • Working with the Sr. Underwriter to prepare in advance for Year 15 LIHTC refinancing/extensions/repayments; 24 months in advance of loan maturity or Year 15 LIHTC compliance term whichever is first. 
  • Working with and maintaining up to date loan files, including digital files on the server, email records, and paper loan file to assure completeness, audit and inspection quality.
  • Managing and monitoring the accurate, timely delivery of data to the TEA system.
  • Participating in strong internal communication so team members are kept informed of project status and borrower relationships.  
  • Continue to develop and improve asset management policies.
  • Other duties as assigned.

Requirements:

  • 3 years of experience in real estate development; finance, rent-restricted multifamily asset or property management; or community development. 
  • Ability to read and analyze real estate budgets and financial statements.
  • Analytical skills and attention to detail with strong financial skills and knowledge is essential.
  • Experience with lending, banking, affordable housing and/or community development lending a plus.
  • Experience with loan servicing software.
  • Expert proficiency in MS Excel and data-base analysis. 
  • Strong analysis, writing and reporting skills.
  • Bachelor’s degree required. BA/BS in real estate finance, economics, business, accounting or related field preferred. 
  • Excellent communication, organizational and interpersonal skills, as well as the ability to work under tight deadlines, manage priorities, and complete assigned tasks with minimal management follow up. 

Personal Qualifications

  • Personal maturity, emotional intelligence, strong work ethic, task oriented, highly responsive to the day to day needs of the organization, ability to work effectively with a range of personnel,  including the CEO, the management team, other professional staff.
  • A high degree of comfort with an iterative analytical process, including extensive feedback, ongoing collaboration and input from peers, extensive scenario planning & business planning.  
  • Ability to organize multi-faceted & diverse assignments, manage multiple priorities and projects simultaneously.
  • Comfortable with team work and collaborative work products and interest in work process and work product critiques.
  • High energy, flexibility and drive to work in an entrepreneurial organization. High tolerance for ambiguity, changing demands, and multiple priorities. 
  • Passion for affordable housing, community development, and social justice.
  • A commitment and ongoing interest in working in the non-profit field.

Compensation:

  • Negotiable Salary
  • Competative 401K Benefits
  • Health and Dental Benefits

How to Apply:

Please email your resume and cover letter to asheets@gmhf.com. Please include the title you are applying for. 

Commercial Loan Assistant - Entry Level Northern Initiatives
Marquette, MI
Job Function: Lending/Loan Operations
Posted: December 13, 2017

Background:

Northern Initiatives (NI) is a non-profit Community Development Financial Institution that provides access to capital, information and markets to advance and connect small businesses and their communities.  Northern Initiatives supports entrepreneurs, businesses, manufacturing firms, banks, educational institutions, and non-profit organizations in a common effort to strengthen the economy of Michigan and Northeastern Wisconsin.

Position Summary:

This position is responsible for assisting Loan Officers with processing new loan requests, creating loan closing documentation, conducting due diligence tasks and performing assigned portfolio management duties. 

Responsibilities:

This position will assist lenders with the primary goal of finalizing the loan closing process.

Pre Loan Approval

  • Respond to inquiries for information as requested by customers and applicants.
  • Interact with customers and various service providers, such as title companies and insurance companies, as needed.   
  • Assist with new business development calls, as assigned.
  • Notify appropriate loan committee members of upcoming committee meetings, and make all loan memos and documents available for members to review.

Post Loan Approval

  • Analyze and interpret the loan approval and committee recommendations to determine borrower, collateral and guarantor requirements.
  • Create checklist of documents required for loan closing.
  • Assist Loan Officer with obtaining due diligence items such as:  title search/commitment, UCC search, insurance verification, flood determinations, real estate evaluations and appraisals.
  • Promptly and accurately determine when all loan approval conditions have been satisfied.
  • Manage and maintain loan closing calendar.
  • Prepare all necessary loan documentation for new loans, or loan modifications, using loan documentation software.
  • Review closing documentation and ensure it is in compliance with loan approval, NI Loan Policy and funder requirements.
  • Assist Loan Officer to secure appropriate lien positions on behalf of NI.
  • Conduct loan closings as assigned, either remotely or in person.

Post Loan Booking

  • Assist Loan Officer with documenting and timely clearing of post-closing items.
  • Prepare documentation and obtain required signatures for loan draw down requests, verify funds available and outstanding items to be collected prior to advancing funds. 
  • Assist with compiling and submitting of other Funder required information as assigned.
  • Assist with the collection of loan metric data.
  • Move electronic file from prospect to active.

Portfolio Management

  • Assist Loan Officers with monitoring and collection of past due loan payments via timely phone calls and correspondence to borrowers.
  • Maintain organized and accurate electronic and paper loan files. 

Additional 

  • Identify opportunities to provide TA to Borrowers.
  • Refer customers to NI staff and contact service providers as appropriate.
  • Record data about client and development activity in customer resource management (CRM) software in order to maintain NI’s goal of a comprehensive CRM.
  • Assist with activities and information required for external audit of loan portfolio.
  • Other duties/projects, as assigned.

Requirements:

  • Associates degree in Business or Accounting
  • 1-3 Years of Experience in Banking Environment, or similar experience

Compensation:

Hourly, Non-Exempt

How to Apply:

Send cover letter and resume to careers@northerninitiatives.org.

Accounting Assistant Northern Initiatives
Marquette, MI
Job Function: Accounting
Posted: December 13, 2017

Background:

Northern Initiatives’ (NI) is a non-profit Community Development Financial Institution that provides access to capital, information and markets to advance and connect small businesses and their communities.  Northern Initiatives supports entrepreneurs, businesses, manufacturing firms, banks, educational institutions, and non-profit organizations in a common effort to strengthen the economy of Michigan and Northeastern Wisconsin.

Position Summary:

This position will be responsible for assisting Accounting Manager with financial and related matters of the company.  Position will be included in all aspects of accounting system, analysis of financial information, preparing financial reports, and other duties as assigned. 

Responsibilities:

This position will assist accounting staff with the primary goal of completing all financial requirements for the organization.

  • Record all cash receipts and deposits in financial accounting system.
  • Prepare journal entries, examine and analyze accounting records, and balance accounts between financial and loan accounting system.
  • Analyze and prepare monthly financial reports and cash flow projections. 
  • Assist with reporting to multiple agencies, including quarterly reporting for grant and loan funds.
  • Assist with projecting future revenues and expenses for budgeting and grant application processes.
  • Assist with audit process by preparing multiple reports and providing account details as needed.
  • Prepare documents and record entries for loan sales. 
  • Other duties/projects, as assigned.

Requirements:

  • Associates degree required; Bachelor’s degree preferred in Accounting or Finance
  • 1-3 years of Accounting/Financial or Clerical with financial educational background

Compensation:

Hourly, non-exempt

How to Apply:

Send cover letter and resume to careers@northerninitiatives.org.

Credit Analyst Northern Initiatives
Marquette, MI
Job Function: Lending/Loan Operations
Posted: December 13, 2017

Background:

Northern Initiatives (NI) is a non-profit Community Development Financial Institution that provides access to capital, information and markets to advance and connect small businesses and their communities.  Northern Initiatives supports entrepreneurs, businesses, manufacturing firms, banks, educational institutions, and non-profit organizations in a common effort to strengthen the economy of Michigan and Northeastern Wisconsin.

Position Summary:

The position provides support to the Lending Department in the key areas of financial analysis and loan underwriting, portfolio risk management, and documentation management.  The position also works with the Business Services staff to help customers utilize their financial statement information to analyze trends and make informed business decisions.

Responsibilities:

  • Utilize loan underwriting program to spread financial data, print reports and analyze for performance and trends.
  • Interpret trends or issues relevant to information gathered from financial statements and communicate results to lending staff.
  • Generate systematic letters to customers to request financial statements and record receipt for compliance tracking.
  • Assist Lenders with underwriting and preparing loan memos.
  • Assist the Portfolio Administrator in maintaining and updating credit files, as assigned.
  • Assist Lending staff in documentation and file management in compliance with Risk Management protocol. 
  • Assist Business Services staff to create customized financial reports and educational resources for customers.  

Requirements:

  • Bachelor’s Degree in Business, Accounting, or Like Field Preferred or applicable industry experience
  • 1-3 Years of Commercial Lending Experience

Compensation:

Hourly, Non-Exempt

How to Apply:

Email cover sheet and resume to careers@northerninitiatives.org.

Program Associate - Analysis New York City Energy Efficiency Corporation (NYCEEC)
New York City, NY
Job Function: Other
Posted: December 13, 2017

Background:

A young, non-profit specialty finance company, New York City Energy Efficiency Corporation (NYCEEC) finances energy efficiency and clean energy projects that reduce greenhouse gas emissions and save energy. We finance innovative clean energy technologies with creative financial structures to advance this new and exciting field. We are passionate about making the world greener, cleaner and more sustainable! Please see our website @ www.nyceec.com.

 

Position Summary:

NYCEEC is seeking a resourceful, conscientious and analytically strong Associate to provide support to NYCEEC’s programs, treasury function and transactions. Reporting to NYCEEC Senior Staff, and working closely with other members of the NYCEEC team, the Associate will play a significant role in NYCEEC’s work.

 

Responsibilities:

YOUR JOB 

  • Maintain pro forma balance sheet and income statement models for NYCEEC’s financials and support NYCEEC’s capital raising efforts
  • Update and maintain Asset / Liability model
  • Calculate transaction economics, revenues and IRRs
  • Review loan applicant financial statements, and analyze using Excel

Please note that this position description contains a general list of the essential responsibilities and qualifications required for the position. It is not exhaustive, and does not represent a contract for employment. NYCEEC reserves the right to modify the description at any time.

  • Model transaction cash flows
  • Working with several company databases, including customer relationship management database and completed project database, perform data mining, enhance data collection systems, build analytic processes.
  • Other activities as needed.

Requirements:

YOUR QUALIFICATIONS AND SKILLS

  • Minimum of three to five years of relevant professional work experience required (e.g., business, finance, economics, accounting)
  • Bachelor’s degree required
  • Strong analytical skills
  • Skilled using various technology tools, particularly Microsoft Excel.  Comfortable using other Microsoft Office applications as required; familiarity with Adobe Acrobat Pro DC, Salesforce or other customer/constituent relationship management (CRM) platform, and project management software/tools (e.g., TeamGantt, MS Project, etc.) preferred
  • Excellent writing skills and superior attention to detail required; proven ability to effectively interpret and synthesize a variety of inputs from different stakeholders into cohesive, compelling written materials
  • Ability to manage several competing priorities efficiently and effectively, while meeting deadlines with consistent follow-through; excellent organizational and time-management skills 
  • Ability to thrive in a fast-paced environment, and to work independently as well as collaboratively, navigating a variety of working styles and personality types

Compensation:

We are collaborative, professional and passionate team. We offer competitive compensation and benefits, including paid holidays, paid time off, medical, dental, and vision insurance, and a 401(k) plan.

 

How to Apply:

To apply, qualified candidates should e-mail a resume and cover letter (in Pdf format, please), including where you heard about the position, to careers@nyceec.com with “Associate-FirstName LastName” in the subject line. Applications will be reviewed on a rolling basis, so we recommend applying early.  Only candidates selected for an interview will be contacted. No phone calls, please.

New York City Energy Efficiency Corporation is an Equal Opportunity Employer.

Loan Officer/Senior Loan Officer NCCLF
San Francisco, CA
Job Function: Finance
Posted: December 12, 2017

Background:

The Northern California Community Loan Fund (NCCLF) was founded in 1987 to create a socially responsible investment vehicle to provide capital and expertise to revitalize low-income communities.  NCCLF has grown into a $75 million intermediary nonprofit organization that provides loans, New Markets Tax Credits (NMTCs), consulting, and technical assistance to groups that develop affordable housing, community facilities, essential health and human services, and other community-based enterprises, including those providing healthy foods access. For more information on NCCLF programs and services, please visit our website at www.ncclf.org.

Position Summary:

NCCLF has historically provided loans and NMTC financing primarily to nonprofits and alternatively structured enterprises such as co-ops, throughout the 46 northernmost counties of California.  Our borrowers have made use of our financing to develop affordable housing, a wide range of community facilities, create economic development projects, support access to healthy foods, and provide working capital in order to make a difference in the lives of those who need help the most.  

The Loan Officer (LO) or Senior Loan Officer (SLO) serves as a credit professional within NCCLF and participates in the community development lending effort in Northern California.  The position’s primary responsibilities are to source and underwrite loan requests and provide technical assistance to NCCLF’s clients: nonprofit organizations which are acquiring community facilities, developing affordable housing, engaging in economic development activities or requesting working capital to meet the needs of low-income communities and underserved populations as well as enterprises involved in increasing availability of healthy foods to these communities. The LO/SLO will also initiate and develop potential borrower relationships, and build and manage a base of referral sources and strategic partnerships to advance NCCLF’s mission and impact.

The position requires a highly motivated, experienced lender with a background in community development finance, commercial real estate, and/or nonprofit housing/facility development and must possess excellent communication skills.  The ideal candidate is also someone who understands the unique needs of the nonprofit sector, particularly nonprofit human service providers and affordable housing developers in Northern California.  The successful candidate must be a self-starter and must have the demonstrated ability to meet assigned goals successfully and on time.  Finally, the candidate should enjoy working in an active and expanding nonprofit and should be able to thrive in a friendly, cooperative, and fast-paced environment.

Responsibilities:

Underwriting

  • Interview and screen potential loan applicants.
  • Perform financial analysis, due diligence and project feasibility assessment for potential loan candidates.
  • Provide informal technical assistance through the application and underwriting process, and, as needed, coordinate delivery of formal technical assistance activities through internal and external sources.
  • Prepare written credit memorandums with detailed analysis and recommendations for terms and credit structure.
  • Present credit analysis for review and approval to Loan Committee or other appropriate levels of authority within NCCLF as required by loan policies.
  • Work with the borrower and external parties through loan commitment terms and loan closing.
  • Assist the Loan Administration team with loan closing and ongoing monitoring activities.
  • Help develop and update loan policies, underwriting criteria and best practices for NCCLF’s main product lines.
  • Undertake special projects and other duties as assigned.

Business Development

  • Develop and implement sales and marketing plans in targeted communities to achieve market penetration in accordance with lending goals.
  • Build and maintain close working relationships with referral sources, potential partners and funding sources.
  • Represent NCCLF at public meetings, events and conferences.
  • Market loan products and programs to potential borrowers and referral sources. 
  • Follow up on loan inquiries and provide technical assistance to potential borrowers through the application process. 
  • Maintain a contact database for ongoing sales and marketing efforts.
  • Develop new products or services to meet market demand.  

Requirements:

Minimum Requirements

  • Minimum of three years (Loan Officer) or five years (Senior Loan Officer) of loan underwriting experience at a CDFI, bank or other financial institution, preferably related to affordable housing development or commercial real estate construction and asset management.
  • Undergraduate degree in business, finance, economics, or other relevant field. Relevant work experience can be a substituted for required education.
  • Excellent underwriting skills, grounded in strong abilities to analyze financial statements, assess management and leadership, review collateral, interpret business and strategic plans, etc.   
  • Excellent verbal and written communication skills. 
  • Proven ability to generate client leads and maintain business relationships.
  • Superior judgment and attention to detail.
  • Excellent organizational skills, with a strong ability to work independently and with a team, handle multiple priorities and manage time efficiently.
  • Enthusiasm and a passionate commitment to work in community development.

Desired Qualifications, Skills and Experience

  • Working knowledge of the Low Income Housing Tax Credit and New Market Tax Credit programs.
  • Experience in consulting and technical assistance in real estate development and/or finance, preferably with nonprofit clients.
  • Knowledge and experience with nonprofit community-based organizations in Northern California. 
  • Understanding of nonprofit finance and management best practices. 
  • Understanding of and experience with community development lending and funding sources.
  • Familiarity with food-related lending.
  • English/Spanish bilingual ability is a plus.

Relationships

  • Position reports to the Senior Manager, Loan Underwriting; communicates regularly with referral sources and potential borrowing clients; attends and participates in Loan Committee meetings; interacts extensively with the lending team and staff/management in other NCCLF departments; and represents NCCLF to outside constituencies.

Job Context

  • Position is pivotal to the success of the lending program and operates in a collaborative, cooperative, team environment.  Workload will vary requiring flexibility with time. Outside meetings and some local travel within Northern California are required.  

Hours and Location

  • Full-time position.
  • Work hours will be predominantly during regular business hours, although occasional evening or weekend hours will be required.  A flexible schedule may be accommodated.
  • Worksite will be in the offices of NCCLF in San Francisco, with some travel outside the Bay Area for site visits, business development, and conferences.

Compensation:

Competitive nonprofit salary range depending upon experience, plus an excellent benefits package including health, dental, retirement plan and three weeks vacation.  

NCCLF is an equal opportunity employer; people of all backgrounds are strongly encouraged to apply.

How to Apply:

 Send resume and cover letter (Attn: Loan Officer Search) via fax to 415-392-8216 or email to info@ncclf.org. Application Deadline: Open until filled.

Senior Portfolio Associate Enterprise Community Loan Fund
Columbia, MD, MD
Job Function: Other
Posted: December 8, 2017

Background:

Enterprise’s mission is to create opportunity for low- and moderate-income people through affordable housing in diverse, thriving communities. We are driven by our mission, fueled by business discipline and sustained by donors and investors. Since 1982, Enterprise has worked with partners in communities nationwide. One of America’s original social enterprises, we bring together the people and resources to create affordable housing in strong neighborhoods. Within Enterprise are entities that lend funds, finance development and manage and build affordable housing. To date, Enterprise has invested $18.6 billion, helping to create nearly 340,000 homes and touched millions of lives. In fact, every day someone moves into a better place to live thanks to Enterprise.

Position Summary:

The Sr. Portfolio Associate is responsible for a variety of tasks associated with the management of the Loan Fund’s lending activities including loan closings, loan servicing, and program management of a portfolio with a range of loan types (predevelopment, acquisition, construction and permanent loans) and diverse projects (affordable housing, charter schools, health care facilities and other community development projects).  The position involves a combination of loan closing, servicing, and reporting duties as outlined below.

The position requires a high degree of self-motivation, dedication, and flexibility with time and willingness to accept a demanding (and personally satisfying) position.

Responsibilities:

Loan Closing

In collaboration with the Lenders, the  Sr. Portfolio Associate will participate in the loan closing process from loan approval through closing. The Sr. Portfolio Associate is responsible for entering and maintaining loan data systems.  The Sr. Portfolio Associate will prepare and maintain loan closing checklists along with Legal and ensure all loan closing conditions have been met and approved by the appropriate authorized parties. The Sr. Portfolio Associate will review draft loan documents to ensure accurate implementation of key loan terms per the loan approval. The Sr. Portfolio Associate will review insurance policies to ensure that they meet Loan Fund’s Lending Standards and Guidelines. The Sr. Portfolio Associate will communicate to the Lenders any documentation issues that have the potential to negatively impact the loan closing or the future asset management of the loan.

The Sr. Portfolio Associate will work with the Accounting and Capital Management staff to set-up new loans and Programs in the Loan Fund’s lending data bases. The Sr. Portfolio Associate is responsible for coordinating funds for disbursement required at loan closing with Capital Management, Accounting, and third-party lenders, as necessary.

Loan Monitoring/Servicing

The Sr. Portfolio Associate is responsible for servicing and monitoring a portion of Loan Fund’s “on” and “off balance sheet” loans. Duties related to this activity include, but are not limited to: processing monthly draw requests for construction and non-construction loans; maintaining project budgets; monitoring and/or following up on loan reporting and other milestones need to keep the loan in compliance; ongoing file maintenance; updating loan information in Loan Fund’s lending databases; processing loan payoffs; and archiving records. In addition, the Sr. Portfolio Associate will assist the Lenders and Chief Credit Officer with processing loan modifications. 

Program Management

The Sr. Portfolio Associate carries out other responsibilities as assigned including but not limited to assisting with the administration of specific lending programs, developing reports, administering lender pools, selling participations in loans, and implementation of lending databases.

Requirements:

  • A minimum two-year associate’s degree
  • 7-10+ years’ experience in loan administration and loan monitoring/servicing
  • Program Management experience
  • Knowledge of real estate and construction lending
  • Knowledge of affordable housing and community development loans
  • General knowledge of corporate and real estate insurance
  • 'Strong written and verbal communication skills
  • Ability to work well in a team environment is essential.
  • Excellent customer service skills
  • Ability to prioritize and manage multiple competing tasks while maintaining a high degree of attention to detail is essential
  • Strong computer aptitude, including knowledge of Microsoft Office Suite Programs, Office 365 and other database software.

Qualifications/Skills Preferred

  • Knowledge of SalesForce and/or Precision LM (LMS) systems is a plus.

Compensation:

based on experience, but competitive

How to Apply:

go to this URL: https://tinyurl.com/SrPortAssoc

President/CEO HCDC
Cincinnati, OH
Job Function: Administrative/Operations/IT
Posted: December 8, 2017

Background:

Established in 1983, HCDC, Inc., (formerly Hamilton County Development Co. Inc.), is a non-profit organization that helps build businesses and promote job creation in three ways: businesses incubation, business lending, and economic development services. Born out of a need to create jobs to counter a shrinking manufacturing sector, HCDC has nurtured over 300 entrepreneurial ventures, financed over $1 billion in projects and helped attract and create tens of thousands of local jobs.  Here’s how they do it:

  1. HCDC Business Lending– HCDC finances the expansions of growing businesses through the SBA 504 loan program and other long-term, fixed-rate financing tools used to purchase real estate and equipment while retaining critical working capital (https://hcdc.com/financing/).
  2. HCDC Business Incubation– HCDC’s top-rated business incubator at the Business Center helps entrepreneurs launch innovative and scalable businesses through intensive business coaching, programming, connections, and flexible work environments in one of the largest and longest-running incubators in the Midwest (https://hcdc.com/incubation/).
  3. HCDC Economic Development– HCDC strengthens communities by retaining, expanding, and attracting businesses to Hamilton County, Ohio with financing, incentives, and expert technical assistance (https://hcdc.com/development/).

These three program areas foster business growth by financing business expansions, supporting further community investment, and providing assistance to entrepreneurs. As a not-for-profit economic development company, HCDC’s mission is to be a driving force behind business development.

Position Summary:

  • See your efforts have a direct impact on the economic health and growth of the community
  • Provide economic resources and support for entrepreneurs from diverse backgrounds
  • Work collaboratively with a passionate group of staff members, Board members and partner agencies
  • Help reinforce and advance the organization’s reputation as a leader and innovator in its field
  • Pave the way for the next phase of community growth and impact

Responsibilities:

Reporting directly to a Board of Directors comprised of community business leaders, the President and CEO will:

Provide Strategic Leadership

  • Lead the planning, development, implementation, and evaluation of the organization’s strategies, programs, and policies
  • Evaluate the impact of new programs, strategies, and regulatory actions; report findings and recommendations to the Board of Directors 
  • Maintain in-depth understanding of the legal and political climate associated with economic development in general and within the community to ensure that programs remain relevant and competitive

Ensure Financial Strength

  • Oversee the financial health of the organization including developing long and short range financial plans, monitoring the budget, and ensuring sound financial controls are in place
  • Set financial priorities accurately to ensure the organization operates in a manner that supports the needs of the programs and staff

Cultivate Board Engagement

  • Build a diverse and inclusive Board of Directors that is committed and willing to leverage its influence to achieve HCDC’s mission 
  • Create a strong and transparent working relationship with the Board to ensure open communication relative to all aspects of the organization
  • Direct preparation of annual reports, minutes of Membership meetings, Board of Directors meetings, Executive Committee meetings and agency reports 

Provide Team Management and Development

  • Provide strong leadership and direction to all managers to ensure continued development of a professional and effective organization 
  • Provide oversight of staffing, personnel policies, and performance management, including annual reviews; lead and guide staff in performance of duties to promote cooperation and teamwork
  • Develop and enhance, implement and enforce policies and procedures to improve the overall operation and effectiveness of the organization
  • Establish and promote a high level of professional and ethical standards within the organization

Be the Face of the Organization

  • Represent HCDC at various business and community events; participate on panels; deliver speeches/presentations, and promote HCDC as thought leaders in the field
  • Develop and maintain strong working relationships with local, state and federal agencies, elected officials, and strategic partners to promote economic growth in the region in accordance with HCDC’s program initiatives and goals
  • Actively participate in trade association conferences, seminars, training and other events to build a diverse network and stay abreast of new programs and opportunities for growth

Build the HCDC Brand

  • In conjunction with the Marketing Director and senior managers, create and execute comprehensive marketing, branding and development strategies that will enhance HCDC’s identity 
  • Ensure that HCDC’s social media and digital marketing strategies are effective and position the organization as a leading voice in the region

Requirements:

Key Requirements:

  • Bachelor’s degree in a related field 
  • Ten years’ experience in economic development, lending, banking or another relevant field
  • Five years’ experience managing a cross-functional team of finance, marketing, program operations, and human resource professionals
  • Prior budget and P&L responsibility, with strong financial acumen and a track record of generating positive financial results
  • Engaged management style that focuses on development, mentorship, and ongoing communication
  • Experience as President, CEO or member of a senior leadership team
  • Strong written communication skills and comfortable as a public speaker
  • Available regularly on evenings and weekends for meetings and events
  • Finalist candidates must be able to complete the SBA background check which includes fingerprinting and FBI check.

Preferred:

  • Advanced degree
  • Experience being the face of an organization with employees, key stakeholders, and in the community
  • Active involvement with a mission-driven organization as a board member or management team member
  • Current with the latest trends and challenges in business incubation and economic development
  • Well-networked in Greater Cincinnati’s business, political, and economic development communities, or demonstrated success establishing a similar network in another market 
  • Working knowledge of small business lending and small business administration.

Compensation:

Competitive

How to Apply:

Submit CVs to Michele Plessinger, Executive Search Consultant - mplessinger@gilmanpartners.com

Executive Director Community Capital of Vermont
Barre, VT
Job Function: Financial Services
Posted: December 8, 2017

Background:

Since 1995, Community Capital has helped Vermonters create and retain jobs, build wealth, and enhance our downtowns and working landscape. Community Capital is the “go-to” lender statewide for entrepreneurs who require business start-up and expansion financing but are unable to secure bank financing. We serve as a stepping stone for entrepreneurs, helping them build the sales, experience, and credit to become sustainable, successful, and bankable businesses in the future.  Community Capital of Vermont seeks a dynamic, effective Executive Director with a strong commitment to our mission.  CCVT is a statewide small business and microenterprise lender serving low and moderate income entrepreneurs. CCVT specializes in providing loans to business owners who lack the collateral or credit history to qualify for traditional bank loans.

Position Summary:

Reporting to a Board of Directors, the Executive Director is responsible for the day-to-day management of the organization and supporting the Board’s leadership on policy and long-term planning.  Areas of responsibility include staff development and supervision, fundraising, financial management, grant reporting, oversight of our lending and business advisory programs, and coordinating marketing and outreach.

Responsibilities:

The Executive Director is responsible for the overall management and administration of CCVT, including: outreach and marketing; liaising with stakeholders and partners; developing new products
and services, supervising the servicing of loans; ensuring compliance with CCVT’s funding sources; loan fund administration and reporting; fundraising; financial management; staff supervision; and
supporting its Board of Directors, Loan Committee, and other committees.

Essential Functions

Program Management

  1. Oversee the implementation of CCVT’s strategic plan as approved by its Board of Directors.
  2. Initiate and coordinate program evaluation activities.
  3. Develop programs and funding options based upon ongoing needs assessments.

Fundraising

  1. Develop and implement a fundraising plan to support CCVT’s operations, seeking support from individuals and businesses.
  2. Prepare grant applications to various funders including private foundations and government agencies.
  3. Advocate for funding and policy initiatives related to CCVT at the State and Federal level.

Lending

  1. Exercise loan decision making authority granted in CCVT’s Loan Policies.
  2. Oversee recruitment, orientation and ongoing support for the Loan Committees
  3. Oversee loan portfolio including management of loan pipeline, risk management, and loan workouts. Provide reports and support for the Board’s Credit Quality Committee.
  4. Take appropriate collection actions on loans outstanding to CCVT.
  5. Coordinate pre- and post-loan technical assistance program.

External Relations

  1. Coordinate and implement the marketing of CCVT.
  2. Ensure the organization maintains excellent relationships with business technical assistance providers, economic development organizations, partner financial institutions, other resources available to serve applicants and borrowers, and other CCVT stakeholders and partners throughout Vermont.
  3. Manage and encourage the further development of CCVT as an integral entity and lender within Vermont. Design and oversee the implementation of new services.

General Administration

  1. Provide overall financial management of CCVT under the direction of the CCVT Board of Directors.
  2. Ensure compliance with all grants. Prepare programmatic and financial reports required by funding sources.
  3. Maintain and work with the CCVT Board of Directors and its committees. Assist in the development and modification of policies and procedures as needed and conduct regular reviews of CCVT organizational documents. Work with the Board on its development as a productive, functioning, and representative Board of Directors. Assist in the recruitment and training of new Board members.
  4. Supervise CCVT staff; complete annual performance appraisals.
  5. Hold regular staff meetings.
  6. Prepare timely and accurate reports to CCVT Board of Directors and its Committees.

Other

  1. Under the supervision of the Board of Directors, perform other duties to ensure CCVT is a sustainable, mission-focused organization.

Requirements:

Desired experience and qualifications include:

  • Leadership role in a not for profit organization
  • Success in a growing organization
  • Excellent interpersonal and teambuilding skills
  • Demonstrated commitment to high quality services and programs
  • Experience with financial management, supervision, and fundraising

 

Compensation:

$60,000 to $75,000 based upon qualifications and experience

How to Apply:

Please submit resume and cover letter via email to communitycapitalvt@gmail.com

Grant & Contract Compliance Manager – Milwaukee, WI WWBIC
Milwaukee, WI
Job Function: Other
Posted: December 7, 2017

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) has provided quality business and financial education coupled with access to fair capital and financial products for more than 30 years. Since WWBIC was incorporated as a 501(c)(3) in 1987, it has loaned $53 million to small business owners, helped entrepreneurs create and retain 9,900 jobs, assisted 57,000 clients, including 4,400 businesses, and assisted 163 individuals and families in purchasing their own homes through its asset-building program. Each year, WWBIC increases its impact across the state through the hard work of our staff and a corps of dedicated volunteers.  For more information, visit www.wwbic.com.

 

Position Summary:

This full-time position is responsible for supporting development efforts and managing all post-award grant/contract compliance and reporting requirements related to external funding sources and internal outcomes management. Core responsibilities include: managing and preparing funder-required tracking and compliance reports; evaluating funder and grant contracts for requirements and timelines; coordinating with staff to ensure deliverables and metrics are clear and regularly provided; compiling and analyzing data for internal and external reporting; and assisting the Director of Development with tracking, technology tools and developing statistics.

Responsibilities:

This position is responsible for supervising one administrative position. 

Requirements:

A Bachelor’s degree or equivalent experience, along with 3-5 years related work experience and proficiency in Excel and PDF is required. Previous supervisory experience preferred. In addition, excellent organizational skills, attention to detail, the ability to work under pressure and meet deadlines are needed.  Must possess strong verbal and written communication skills and the ability to work with diverse audiences.

Compensation:

Negotiable

How to Apply:

Benefits include full health and dental coverage, 403(b) savings plan and more in a family-friendly environment. To apply, please email a letter of application, resume & salary requirements to patricia.lohmann@wwbic.com.

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