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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.

Executive Director City First Enterprises
Washington, DC
Job Function: Other
Posted: February 20, 2018

Background:

The proposed Douglass Community Land Trust (DCLT) is an innovative initiative to establish a non-profit community land trust with an initial focus on the neighborhoods in Ward 8, East of the Anacostia River.  The DCLT is intended to fulfill one of the key recommendations of the Equitable Development Plan (EDP) that was created through a comprehensive, community-driven planning process led by the non-profit Building Bridges Across the River (BBAR).  BBAR is partnering with the city to transform an old freeway bridge structure into a new civic space.  The goal of BBAR's Equitable Development Plan is to ensure that the park is a driver of inclusive development- development that provides opportunities for all residents regardless of income and demography.  Over the last several years, BBAR has been working with City First Enterprises, a local CDFI, to engage the community, promote awareness, and begin the process of establishing the DCLT.   The DCLT is intended to create and preserve permanently affordable home ownership and rental housing opportunities for low- and moderate-income households by stewarding land as a permanent community asset. 

In the initial stage, City First, in conjunction with BBAR, is serving to incubate the project and help to establish a newly formed non-profit organization to serve the DCLT.  The position will be part of City First initially, but transition to the DCLT as soon as practicable.  This effort is supported by a local Advisory Committee which provides guidance and helps to set priorities until the non-profit is established.  The DCLT requires an Executive Director who can build the organization, help to establish its board, and build its staff, assets, and operating support.  The Executive Director will also be responsible for the establishment and implementation of annual goals and objectives; programming; and administrative and financial oversight of the organization.

Position Summary:

Organization / Executive Functions: Lead the start-up establishment and implementation of the DCLT, including hiring qualified staff and building infrastructure, developing and overseeing relationships with developers, partners, consultants and other stakeholders, and working cooperatively with Advisory Committee, BBAR, City First, District and other stakeholders to establish the governance framework and recruit board members. Lead the execution of the organization's business plan, with a focus on attaining scale via the acquisition and development of DCLT units.  Manage the organization, build a diverse DCLT team to execute its growth plan and oversee its stewardship activities.  Model and set the DCLT's culture, values and behaviors.

Real Estate: Oversee a range of DCLT developments, directly and in partnership with CLT partner organizations, from acquisition and development of scattered single-family homes to multi-family rental properties, on a standalone basis or in partnership with other developers. Ensure compliance with internal policies and external legal requirements for all DCLT activities.

Public Education and Relationships: Represent the DCLT initiative to the public-including community residents, public officials, funders, lenders, partners, and other stakeholders.  Establish trusted relations with key partners and stakeholders and act as a point of contact for all interested parties. Ensure the DCLT's website is up to date. Provide education on DCLTs to organizations and general public-emphasizing how the DCLT addresses the affordable housing needs for low- and middle-income residents, supports neighborhood "in-placement" (rather than displacement), stewards land and property, and other affordable housing issues. Represent DCLT to the media, emphasizing how the real estate activities of the organization meet the needs of neighborhoods and those residents adversely affected by the lack of affordable home ownership opportunities.  Collaborate with advocates to and partners to represent the DCLT's interests, including local and national peer groups, such as the Coalition for Nonprofit Housing and Economic Development and the Grounded Solutions Network, among others.
Funding Functions: Direct fundraising efforts to support DCLT operations and development. This includes writing and submitting grant requests, soliciting corporate and foundation donations, meeting with individual donors, and raising below market rate debt to expand affordable housing.

Support Functions: Provide support for the board of directors, including development of the board. Assure board members complete the roles and assignments they have accepted; meeting agreed on timelines and assisting with access to resources as needed to complete assignments. Research issues before the board so that all activities flow from informed decisions.

Record Keeping Functions: Public and Private investment-Maintain accurate financial records regarding public and private investment as well as the value of donated properties held in trust, assuring compliance with grantor/donor requirements and government laws.  Ensure accurate financial records of resales so that the criteria of the community land trust resale formula can be fulfilled. Annual audit-provide materials for an annual audit to assure compliance with all governmental regulations; also, compliance with private grantor requirements concerning permanent subsidy funds.

Responsibilities:

Building a successful community land trust requires a leader who understands how community land trusts operate, who is comfortable with new ventures, is a self-starter and is action and results-oriented.  More specifically, we look for candidates with experience in these areas:

Executive Leadership - Prior experience in leading organizations, building staff and board capabilities, setting and implementing strategic vision, and directing efficient, effective operations; direct experience in building organizations from inception to fully functioning, sustainable operations highly preferred.

Real Estate Development - Experience in leading residential and/or commercial real estate community development projects in urban neighborhoods undergoing significant transitions; knowledge of effective affordable housing solutions and approaches; hands-on understanding of working with multiple cross sector stakeholders to complete development projects.

Financial Leadership / Fundraising - Experience in working with philanthropic individuals and foundations, corporate investors and other parties to fund large scale projects; demonstrated knowledge of effective financial management techniques and reporting.

Nonprofit or Public Sector Leadership - Experience in working with nonprofit or public sector agencies to deliver high value community service; proven ability to build long-term relationships with wide variety of stakeholders; experience in leading and managing community driven change while working in partnership with board, investors, and staff.

To be successful in this role, candidates must have these personal qualities:

  • Integrity:  Honest, trustworthy and operates in best interest of organization
  • Credibility: Track record of delivering tangible outcomes over time
  • Inspiring:  Builds enthusiasm and support in others for the effort
  • Initiative: Has clear capacity to act and the confidence to act even when there are many unknowns
  • Vision: Identifies gaps in community needs and forges a vision to fill them in a timely way; performance driven
  • Responsive: Listens to all parties and responds appropriately
  • Adaptable: Identifies and works with team to manage change; can implement transformational place-based change.

Requirements:

Candidates must have at minimum a bachelor's degree in planning or other relevant field, and must be willing to engage as an active member in the community. 

Compensation:

Compensation is competitive and commensurate with experience.

How to Apply:

Please email resume and cover letter to HR@cfenterprises.org. No phone calls, please.

Associate, New Markets Tax Credit Nonprofit Finance Fund
New York, NY
Job Function: Financial Services
Posted: February 16, 2018

Background:

What We Do:

Nonprofit Finance Fund (NFF) works toward a more just and vibrant society through:

  • Financing that invests in missions. Our customized financing strengthens hardworking nonprofits and social enterprises.
  • Consulting that empowers leaders. Our experts equip you to make financial decisions that best serve your mission.
  • Partnering on big problems. Service providers, funders, and investors turn to us for new ways to collaboratively support stronger, fairer communities.
  • Learning that helps illuminate paths to solving complex social issues. Sharing experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis – makes it easier.
  • NFF advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing that empower leaders, organizations, and ideas. A leading Community Development Financial Institution (CDFI), NFF currently manages over $310 million. Since 1980, we have provided almost $700 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide.

Position Summary:

The New Markets Tax Credit is a federal tax credit program that facilitates private investment for capital projects that will generate benefits to the low-income communities and low-income people. These benefits may be in the form of new jobs or new goods and services. The tax credits are awarded by U.S. Department of Treasury, Community Development Financial Institution Fund the (“CDFI Fund”) to government-certified entities on a competitive basis. NFF is a seven-time awardee and has received a total of $281 million in allocation. NFF deploys the tax credits primarily to nonprofit organizations that create or expand health, education, workforce and human services for underserved people.
 
The Associate supports NFF’s New Markets Tax Credit work including tax credit deployment, program compliance, reporting, and portfolio management.  The Associate will also assist with preparing the application for NMTC allocation authority and selecting the projects that will receive the tax credits.  The ideal candidate will have experience in regulatory and compliance reporting and financial analysis.  In addition, the ideal candidate will have a demonstrated interest in or commitment to supporting low-income communities and/or the nonprofit sector, as well as strong communication and relationship building skills.

Through regular interaction with NFF staff, consultants, borrowers, investors and community members, the Associate will support the management of NFF’s NMTC investments (currently a $178 million portfolio) and compliance with the NMTC program.

This position will be based in NFF’s New York headquarters and will report to the NMTC Portfolio & Compliance Manager.

Responsibilities:

  • Develop and maintain New Markets Tax Credits program expertise, including knowledge of applicable rules, regulations and guidance
  • Interact with borrowers, project representatives, and community stakeholders to collect and manage required reports and community and economic impact data; refine measurement and tracking of impact data
  • Perform loan monitoring responsibilities, including review of construction loan disbursement requests, collection and review of reports and certifications, completion of site visits, financial analysis and risk ratings of borrowers, and analysis of overall portfolio quality in coordination with other team members (NMTC Staff, Portfolio Management Staff, etc.)
  • Maintain compliance-related files and tools
  • Assist with the submission of compliance reports to the CDFI Fund and the I.R.S.
  • Assist with the collection of data for NMTC Allocation Application
  • Assist with collection and review of data for underwriting of new NMTC opportunities; including confirming project eligibility and supporting underwriting team
  • Coordinate meetings for NFF’s NMTC advisory committee, and prepare meeting agendas and minutes
  • Assist with the preparation of reports to management, the board of directors, the advisory board, investors, and government agencies
  • Recommend process improvements

Requirements:

Essential Requirements for Education and/or Experience:

  • Bachelor’s degree or equivalent combination of education and experience
  • 2-4 years of work experience, preferably in the fields of financial services, accounting, or consulting
  • An organized and meticulous approach to work with strong attention to detail
  • Strong time management, multi-tasking and organizational abilities, and ability to coordinate and prioritize among conflicting demands and deadlines
  • Excellent Microsoft Excel skills required in addition to proficiency with other Microsoft Office applications

Specialized Knowledge/Beneficial Skills and Experience:

  • Experience reading legal agreements and documents
  • Familiarity with real estate and financing terminology and related concepts
  • Familiarity with nonprofit accounting
  • Experience with the NMTC program
  • Knowledge of Salesforce

Compensation:

All salaries are commensurate with experience and include an attractive benefits package.

How to Apply:

Apply here.

Asset Manager - LIHTC Community Affordable Housing Equity Corporarion
Raleigh, NC
Job Function: Other
Posted: February 16, 2018

Background:

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Asset Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. CAHEC also invests in the people living in the properties it helps finance through its innovative enrichment opportunities called Community Investments.

Position Summary:

An Asset Manager is responsible for ensuring investors receive anticipated benefits associated with an assigned portfolio of multifamily real estate partnerships by proactively monitoring the investments’ operational performance, compliance with Section 42 of the IRC, and regulations of other applicable housing programs, funding sources, and laws. An Asset Manager identifies performance concerns and works to resolve them, to maximize return on investments, prevent losses, and promote positive relations with investors and owner/managing partners. Timely communication of concerns and potential solutions to all stakeholders is essential in order to address portfolio matters as soon as possible. Successful portfolio management is accomplished by evaluating reports, inputting accurate and timely data, preparing and interpreting historical and trend analyses, and performing regulatory and physical site assessments.

Responsibilities:

Some specific functions include, but are not limited to, the following: 

  • Identify operational or regulatory issues and work to resolve them in order to maximize return on investments, prevent losses, and promote positive relations with investors, owners, and managing associates.
  • Evaluate reports, maintain accurate and timely data, prepare and interpret historical trends, perform site inspections, and consult with all stakeholders.
  • Maintain frequent verbal and written communication with developers, property management agents, state agency representatives, and other associates during the construction and management of the properties.
  • Participate in investment review meetings and provide technical assistance and support to the Acquisitions, Fund Management, and Risk Management departments.

Requirements:

Education Requirement

  • Bachelor’s degree in business management, business administration, accounting, finance, real estate. Or, an equivalent combination of education and comparable work experience.

Work Experience 

  • Minimum of three (3) years of relevant multi-family residential real estate experience with a focus on the review and interpretation of property financial statements. Experience performing physical site inspections is preferred.  

Other Requirements

  • Intermediate Excel and Word skills. Excellent analytical skills. Excellent verbal and written communication skills, coupled with the ability to maintain productive working relationships with all stakeholders. General knowledge of accounting, financing processes, and residential, multi-family property management best practices. Ability to collaborate in a team environment.

Compensation:

Compensation is commensurate with education, experience, and job performance. 

How to Apply:

Please send a cover letter, resume, and completed CAHEC application to: HumanResources@CAHEC.com. The CAHEC application is available at the careers section of our website - www.cahec.com. 

Loan closing specialist Rural Community Assistance Corporation
West Sacramento, CA
Job Function: Lending/Loan Operations
Posted: February 15, 2018

Background:

Founded in 1978, RCAC is a 501(c)(3) non-profit that provides training, technical and financial resources and advocacy so low-income rural communities can achieve their goals and visions. For more than 35 years, our dedicated staff and active board, coupled with our core values: leadership, collaboration, commitment, quality and integrity, have helped effect positive change in rural communities across the West.

Position Summary:

To support RCAC’s Loan Fund Department in its mission to act as an intermediary to provide suitable and innovative solutions to the financing needs of rural communities and disadvantaged populations. Major responsibilities include, but are not limited to: loan origination-closing; pipeline, Loan Application Processing System (LAPS) database; and other departmental duties.

Responsibilities:

Loan Origination-Closing Duties

  • Review and audit new loan applications for completeness
  • Maintain accurate checklists for loan files
  • Assess compliance to RCAC policies and procedures and make recommendations as needed
  • Prepare draft commitment letter for loan officer review and approval
  • Distribute, track and monitor receipt of all commitment letters
  • Work closely with loan officers, escrow officers and borrowers to track and monitor receipt of all incoming pre-closing, closing and post-closing loan conditions
  • Prepare draft loan documents for loan officer review and approval
  • Coordinate closely with title company, borrowers and other funding sources in delivery of loan documents for signature and delivery of initial disbursements
  • Review fully executed loan documents for loan fund readiness
  • Request funds from accounting 24 hours in advance
  • Initiate ACH and/or wire as needed
  • Prepare final loan set-up sheet, attach supporting documentation within 24 hours of loan closing and forward to accounting
  • Prepare “Borrower’s Welcome Package” for loan officer review and approval
  • Prepare USDA Loan Guarantee package as needed
  • Work closely with participants to lock loans and delivery of loan guarantee within the lock period

Pipeline

  • Notify loan fund director, loan administration manager and loan officer 30 days prior to expiration date of a commitment letter 
  • Track lock expiration date when loan participants need to purchase USDA guaranteed portion of loan to avoid late delivery fees

Loan Application Processing System (LAPS) Database

  • Update and maintain at all times

Other Duties

  • Process loan draws as needed
  • Process loan demands as needed
  • Process loan reconveyances as needed
  • Attend workshops and conferences as needed
  • Work on special projects as needed

Requirements:

Knowledge of:

  • Standard office procedures and programs 
  • English language, grammar, spelling and punctuation
  • Real estate finance, development and law, lending practices and procedures and the escrow process
  • Public nonprofit associations, agencies and programs
  • Various investment vehicles

Ability to:

  • Use a personal computer at high-level proficiency using Word
  • Use spreadsheet and database softwareProofread and edit documents
  • Demonstrate a high level of customer service skills
  • Work with minimum supervision and handle multiple priorities simultaneously
  • Follow detailed instructions
  • Use initiative to approach troubleshooting and problem-solving alternatives
  • Organize and prioritize work to meet established timelines
  • Effectively listen and communicate both verbally and in writing
  • Work with financial spreadsheets
  • Plan and manage contract and loan performance
  • Work as part of a team
  • Work independently with ability to analyze and solve problems
  • Relate well with the public

Physical Job Requirements:

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.   
  • Work performed in an office requires ability to operate computers and various pieces of office equipment, including telephone. Use may be moderate (average 2 hours per day) to heavy (4 or more hours per day)
  • While performing the duties of this position, the employee is frequently required to stand and/or sit for prolonged periods of time; walk; talk; hear; use hand to finger; handle; feel or operate objects, tools or controls; and reach with hands and arms.  The employee is occasionally required to climb or balance; stoop, kneel, crouch or crawl.
  • The employee may occasionally lift and or move up to 25 pounds.  Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
  • This position also requires moderate (up to 2 days per month) to heavy (up to 10 days per month) automobile and airline travel, including overnight travel. 

Special Requirements:

  • Possession of a valid driver’s license and proof of insurance that meets the minimum requirements ($100,000/$300,000) of RCAC corporate liability policy will be required when traveling for business purposes.

Compensation:

$23.28 to $25.00 hourly

How to Apply:

Please visit our website at www.rcac.org/careers to view or print the job description and/or provided benefits.

Fund Development and Impact Associate Working Solutions
San Francisco, CA
Job Function: Project Management
Posted: February 15, 2018

Background:

Working Solutions is a Community Development Financial Institution (CDFI) whose mission is to provide microentrepreneurs with capital and resources they need to start or grow a successful business. We serve a diverse population and prioritize serving low-income individuals, women, and communities of color. We support microenterprise growth as a strategy to strengthen the local economy, create jobs, and build strong communities. We provide capital in the form of small business loans (microloans) from $5,000 up to $50,000, business grants, and tailored consulting services. The organization was established in 1999 and launched its microenterprise development program in 2005. Since 2005, Working Solutions has extended over $15 million in microloans and grants to entrepreneurs with a 96% repayment rate and has educated thousands of entrepreneurs.

Position Summary:

As part of the Fund Development team, the Fund Development and Impact Associate will work closely with the Director of Compliance and Evaluation to support the Chief Development Officer (CDO) in researching and tracking investment prospects and managing due diligence for grants, contracts, and other fundraising opportunities with a goal to increase overall revenue from both earned and contributed sources. S/he will also work closely on creating and maintaining systems that track and measure our organization’s impact. The ideal candidate will possess superb attention to detail, excellent writing, analytic and critical thinking skills, be confident in managing multiple moving projects and deadlines, and be a strong communicator among both internal and external stakeholders (e.g. staff, Board members, funders, and field partners).

Responsibilities:

  • Research potential corporate, foundation, and government funding sources to create briefings for CEO and CDO, including specific ‘pitch’ recommendations tailored for each funder or funding opportunity; 
  • Help draft, edit and submit letters of inquiry, proposals, and reports to secure new impact investments and sustain existing supporters;
  • Coordinate with Finance and Operations team to ensure smooth onboarding of grants and seamless reporting and compliance;
  • Collect, centralize, and clean program data from internal and external sources into Salesforce; maintain Fund Development records in Salesforce;
  • Review, maintain and improve current tracking and reporting systems across departments to ensure proposals and reports are compelling and accurately reflect our output and outcome metrics;
  • Support internal data analyses to identify and monitor program trends and gaps; help implement changes where needed to better meet organization’s strategic goals and intended impact;
  • Be administrative point person for Working Solutions events, including Board meetings and annual fundraiser;
  • Provide organization-wide correspondences, filing, and data entry, as needed.

Requirements:

  • Bachelor’s degree or four (4) years relevant experience, including at least two (2) years of experience with fund development, partnership management, or office administration;  
  • Exceptional attention to detail, well organized, and thorough with excellent communication and interpersonal skills; 
  • Excellent writing skills; grant writing, budgeting, and research experience a plus;  
  • Deadline focused, fast worker; able to manage multiple moving projects at one time;
  • Self‐starter who takes initiative; ability to work independently with limited supervision and also cooperatively with a small, but mighty team; 
  • Comfortable with Excel spreadsheets and some experience with analytics is a plus; experience with CRM software, preferably Salesforce; 
  • Knowledge and interest in the Community Development Finance Institution (CDFI) industry, entrepreneurship, microfinance, social enterprise, program development and evaluation, and/or small business is a plus; 
  • Fluency in Spanish or another language in addition to English is a plus.

Compensation:

Commensurate with experience.  Excellent benefits including but not limited to medical, dental, vision, 401(k), commuter checks, and generous holidays. 

How to Apply:

Email résumé and cover letter with the subject line “Fund Development and Impact Associate” to jobs@workingsolutions.org

Deadline to apply is March 15, 2018.

For more information, see full posting here: http://www.workingsolutions.org/careers/

Director of Resource Development TruFund Financial Services, Inc.
New York, NY
Job Function: Grant Writer
Posted: February 15, 2018

Background:

TruFund Financial Services, Inc. (TruFund) is a national Community Development Financial Institution (CDFI) with offices in New York City; New Orleans and Baton Rouge, Louisiana; and Birmingham Alabama. TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on technical assistance and innovative solutions to small businesses, nonprofit organizations, real estate developers, and other CDFIs. In the largest single round in the history of the New Markets Tax Credit (NMTC) Program since its creation in 2001, TruFund Financial Services, Inc. was recently awarded $55 million to spur economic and community development in distressed and low-income communities.

Learn more about TruFund at www.trufund.org.

Position Summary:

Position Summary:

Reporting to the President the Director will supervise a full-time grant writer and a part-time research & data specialist that will also provide administrative support for grant related systems and maintenance. S/he will be part of the Senior Management team and will work in tandem with the President, the Board of Directors and Senior Management to identify, pursue and cultivate external opportunities that present viable funding sources and match TruFund’s mission, goals, objectives, and priorities.

The Development Director will also be expected to reach out to and work with the philanthropic community in the creation and administration of the overall fundraising and resource development strategy for the organization.

Responsibilities:

Primary Job Functions:

  • Responsible for researching and producing competitive grant proposal narratives and developing comprehensive budgets and budget narratives that secure funding to support the mission, goals, and strategic priorities of TruFund to secure funding from diverse federal, state, local, and private funding sources. Manages the successful stewardship of major contributors to ensure 100% retention of major donors and supporters.
  • Create a long-term fundraising strategy
  • In conjunction with the president, board of directors, EVP and managing directors, create a long-term fundraising plan and strategy to meet TruFunds financial and mission goals. Serve as fundraising liaison to the Board of Directors; assist the Board Chair in setting Board fundraising targets; and along with the President, staff the Board Development Committee.
  • Develop and implement a major donor cultivation strategy, including identifying opportunities for the President and EVP to cultivate potential major donors.
  • Evaluate fund raising opportunities within the context of a changing fundraising environment.
  • Understand TruFund’s competition and comparative advantage to build development strategy.
  • Move development capacity beyond restricted contributions to include unrestricted efforts.
  • Establishes strong relationships with external constituents and promotes partnerships in seeking and securing external resources, (e.g., Private Funding Sources, Federal, State & City agencies) and work cooperatively with them in the pursuit, development, implementation, management and evaluation of grants.
  • Develop fundraising infrastructure and systems
  • Research, select, implement, and maintain an appropriate database for existing and potential donors. Oversee the input of existing and potential donor lists.
  • Develop and maintain a comprehensive calendar of development activities, including deadlines for foundation/corporate proposals and reports.
  • Produce annual and multi-year development budgets including expense structure and revenue targets. Assumes primary post-award responsibility. Works collaboratively with internal constituents (Fiscal, Lending, and Legal/Compliance) and provides in-house training and technical assistance on post-award startup activities to ensure effective grants management, compliance, and quality control.
  • Participates in the development of a set of core outcomes and measures. Works collaboratively with Senior Management to track and report quarterly, semi-annual and annual performance measures to ensure full compliance and performance against project proposal funding requirements.

Requirements:

MINIMUM QUALIFICATIONS:

Knowledge, Skills, and Abilities: Has working knowledge of grant proposal writing and budgeting techniques, monitoring and compliance procedures, federal funding sources, and related governmental rules, guidelines and regulations. Has basic proficiency in the use of the Microsoft Office suite. Exhibits strong skills in:

  • Leadership
  • Project Management
  • Organizing
  • Building Relationships
  • Planning
  • Communication
  • Education: Bachelor’s Degree required; Master’s Degree preferred.

Experience:

  • Minimum of 3 years of experience in successful grant development and monitoring preferably in the CDFI or nonprofit space.
  • Experience identifying fundraising opportunities, including foundations, corporations, major donors, and other individuals. With a proven track-record achieving restricted and unrestricted fundraising goals.
  • Success defining and building systems and staff capacity (including identifying and implementing transactional fundraising software).
  • Strategic planning capacity to identify and meet long-term goals.
  • Demonstrated leadership and collaborative senior management decision-making capability.
  • Excellent written and oral communication skills.

Compensation:

Negotiable

How to Apply:

Application Process:

Send cover letter, resume and salary requirements to kevans@trufund.org

We appreciate all responses, but due to the volume of applications we receive, we are not able to give status updates, but if you are invited for an interview, you will be contacted by a member of TruFund staff.

TruFund Financial Services is proud to be an Equal Opportunity Employer.

Salary commensurate with experience and qualifications.

E-Verify Employer.

Vice President - Managing Director TruFund Financial Services, Inc.
New York, NY
Job Function: Financial Services
Posted: February 15, 2018

Background:

TruFund Financial Services, Inc. (TruFund) is a national Community Development Financial Institution (CDFI) with offices in New York City; New Orleans and Baton Rouge, Louisiana; and Birmingham Alabama. TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on technical assistance and innovative solutions to small businesses, nonprofit organizations, real estate developers, and other CDFIs. In the largest single round in the history of the New Markets Tax Credit (NMTC) Program since its creation in 2001, TruFund Financial Services, Inc. was recently awarded $55 million to spur economic and community development in distressed and low-income communities.

Learn more about TruFund at www.trufund.org.

Position Summary:

Summary:

Under the direction of the Executive Vice President, the Vice President/Managing Director will direct and manage staff, set and achieve performance goals, and monitor the financial performance of the New York Market. As a member of senior management, the New York Managing Director will define strategic direction and business unit specific objectives.  Ensure that all program activities operate consistently and ethically within the mission and values of TruFund Financial Services.

Education and Related Work Experience:

  • Bachelor’s degree required.  Masters preferred.
  • Minimum of 7 to 10 years of management/leadership experience with a focus on managing a multifunctional office with staff in multiple locations.
  • Proven track record in community economic development lending, management, business or finance.  
  • Formally credit trained with direct supervisory experience is highly desirable.

Knowledge, skills and abilities:

  • Proficient knowledge of CDFIs, government and non-profit operations.
  • Strong working knowledge of underwriting, compliance and audit, loss prevention, customer service and policy administration functions of a lending operation. 
  • Solid knowledge of local, regional and federal regulations and guidelines to ensure compliance.
  • Skilled in securing government and non-government funding and fee-for-service contracts.
  • Exceptional oral and written communication skills in both informal settings and formal presentations.  
  • Ability to understand and analyze various financial models.
  • Proven ability to lead and manage in a matrix structure.
  • Coach and guide staff toward improved performance. Encourage decision making at the lowest competent level.
  • Inspire innovation and continuous quality improvement. 
  • Serve as a positive role model to staff members.

Supervisory Reports: Loan Officers, Business Development Officer, T/A and Loan Officers

Total staff: 3 to 5

Interacts with: Credit, Resource Development, Lending Operations

Disclaimer:

The statements herein are intended to describe the general nature and level of work being performed by the employee in this position.  These statements are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of a person in this position.

Responsibilities:

Primary Job Functions:

  • Develop and communicate business strategies to local staff and stakeholders, and ensure alignment with corporate mission, vision and strategic direction.
  • Actively represent the organization to key local stakeholders, including government officials, business leaders from the corporate, financial and non-profit sectors, private foundations and other funders, directors of community-based organizations, and peer organizations within the CDFI sector; engage in regular communications with external stakeholders on corporate and local performance.
  • Oversee local aspects of the lending process, including loan sourcing and origination, as well as elements of the loan closing and servicing processes.
  • Identify and develop strategic partnerships with economic development agencies, chambers of commerce, community- and faith-based organizations,  banks and credit unions, and other referral partners to ensure sufficient dealflow on a consistent basis.
  • Manage the development and growth of a loan portfolio that is sufficient in size and quality to ensure that the office is financially sustainable; maintain profit and loss responsibility for the office; lead the development of the annual budget for the respective office.
  • Participate in proposal writing, budget, and other local fundraising efforts, in coordination with other members of the senior management team.
  • Ensure compliance with all legal and contractual requirements and support the process of conducting financial and operational audits of business activities.
  • Ensure that market staff adheres to technical assistance tracking and reporting guidelines; may require utilizing separate program-specific tracking systems.
  • Monitor, track and report key financial, operational and social impact metrics to various constituents, including the Board, funders and others.
  • Apply industry best practices and ensure adherence to documented standard operating procedures.
  • Define and develop staff member roles, goals and responsibilities; formally assess staff performance on a regular basis; create an ideal staffing structure and work environment; select coach, and retain qualified staff; provide access to training and development opportunities where needed
  • Participate in corporate strategic planning sessions and regular senior management meetings.
  • Meet pre-established weekly, monthly and annual business performance goals.
  • Ensure that a professional quality of service is provided to all clients and partners.

Program Development and Management

  • Manage the design and execution of new and existing TruFund programs, including key components, such as pipeline development, marketing, implementation etc.
  • Provide program orientation for both internal and external TruFund Financial Services Financial stakeholders. iii) Work with other staff to market programs to potential program applicants.
  • Survey program participants and other stakeholders to distill and communicate 'best practices' and program improvements.
  • Manage the timeline and execution of reporting to funders and other stakeholders.
  • Assess potential program risks and develop and communicate a risk mitigation plan.
  • Monitor, track and report key financial, operational and social impact metrics to various constituents including the Board, funders and others.

Requirements:

  • Bachelor’s degree required.
  • Masters preferred.
  • Minimum of 7 to 10 years of management/leadership experience with a focus on managing a multifunctional office with staff in multiple locations.
  • Proven track record in community economic development lending, management, business or finance.  
  • Formally credit trained with direct supervisory experience is highly desirable.

Knowledge, skills and abilities:

  • Proficient knowledge of CDFIs, government and non-profit operations.
  • Strong working knowledge of underwriting, compliance and audit, loss prevention, customer service and policy administration functions of a lending operation. 
  • Solid knowledge of local, regional and federal regulations and guidelines to ensure compliance.
  • Skilled in securing government and non-government funding and fee-for-service contracts.
  • Exceptional oral and written communication skills in both informal settings and formal presentations.
  • Ability to understand and analyze various financial models.
  • Proven ability to lead and manage in a matrix structure.
  • Coach and guide staff toward improved performance. Encourage decision making at the lowest competent level.
  • Inspire innovation and continuous quality improvement. 
  • Serve as a positive role model to staff members.

Supervisory Reports: Loan Officers, Business Development Officer, T/A and Loan Officers

Total staff: 3 to 5

Interacts with: Credit, Resource Development, Lending Operations

Vice President/Managing Director - Page Three

Disclaimer:

The statements herein are intended to describe the general nature and level of work being performed by the employee in this position.  These statements are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of a person in this position.

Compensation:

Negotiable

How to Apply:

Email Cover Letter, Resume & Salary Requirements to kevans@trufund.org

Project Manager, Impact Investing Tideline
New York, NY
Job Function: Project Management
Posted: February 14, 2018

Background:

Tideline is a consulting firm that provides tailored advice to clients developing impact investment strategies, products, and solutions. Our mission is to help clients excel in realizing financial and societal value. We believe in shared, sustainable prosperity powered by market-based solutions. To that end, our services include investment strategy, investment product development, market intelligence and due diligence, strategic advice, and thought leadership.

Our multi-disciplinary team delivers services of unmatched quality, grounded in deep, rigorous research and analysis. Past clients have included leading investment firms and foundations active in impact investing. Tideline was founded in 2014 with offices in New York City and San Francisco and currently has a growing team led by the firm's partners: Christina Leijonhufvud, Ben Thornley, and Kim Wright-Violich.

Position Summary:

This is an ideal position for a mid-career professional interested in consulting and looking to transition into or further a career in impact investing. 

The Project Manager will play an important role on client projects, including through project planning and organization, managing teams, managing and communicating with clients, guiding research and analysis, and overseeing the development of client materials. Tideline's clients include top-tier financial and philanthropic institutions working on a wide range of issues related to impact investing.

Candidates will be considered for Tideline's New York office and will be offered an initial six-month employment agreement, with the possibility of converting to a permanent employee thereafter, depending the business' needs at that time and performance. 

The position is an important role at Tideline with opportunity for advancement, working closely with the firm's Directors and Partners.

Responsibilities:

Core responsibilities include:

Project planning and coordination

  • Leading project planning from the outset of a project, including developing the timeline, sequencing, and division of responsibilities 
  • Managing and coordinating the team's efforts throughout the project, anticipating challenges and adapting as necessary
  • Ensuring clear and timely communication and information sharing among the team 
  • Organizing meetings among the team and with the client as needed, including developing agendas and guiding the preparatory work needed

Client engagement

  • Supporting client management with the Partners
  • Ensuring information is communicated with clients in a clear and timely manner
  • Coordinating between Tideline project and client teams to plan and prepare for meetings

Project execution

  • Along with others on the team, guiding the research and analysis needed for projects
  • Shaping the synthesis and analysis of the research conducted to create structure, draw out takeaways, and work toward conclusions and recommendations
  • Developing customized frameworks that will form the basis of the approach to and presentation of the analysis
  • Organizing and participating in team brainstorming activities, as needed
  • Conducting research interviews, as needed 

Business development

  • Supporting drafting of project proposals
  • Participating in meetings with prospective clients, as needed
  • Contributing to communications- and marketing-related efforts, as needed

Requirements:

The ideal candidate has an entrepreneurial, collaborative disposition; is exceptionally well-organized; excels at managing teams; writes and communicates well; and has experience in project management, consulting, finance, and/or impact investing. Every member of the team embodies our firm's values: excellence, commitment, and openness. The team is fun, too, and often works in a supportive, close-knit, all-hands-on-deck manner.

Desired qualifications and experiences include:

  • Five to ten years of relevant work experience
  • Experience in a similar role at a top-tier consulting firm, investment bank, or comparable environment
  • Experience managing teams, including supervising and supporting development of junior staff
  • Master's degree in relevant field a plus
  • Experience in financial analysis, due diligence, and/or investment product development/ management a plus
  • Knowledge of impact investing and/or philanthropy desired
  • Exceptional critical thinking, communication, and interpersonal skills
  • Strong proficiency in Microsoft Office applications

Compensation:

Commensurate with experience

How to Apply:

Please apply through the link provided (https://tideline.bamboohr.com/jobs/view.php?id=23), and you may send any questions to info@tideline.com

Director, Business Advising Program Pacific Community Ventures
San Francisco, CA
Job Function: Business Development
Posted: February 13, 2018

Background:

Pacific Community Ventures is a nonprofit social enterprise and community development financial institution (CDFI) with a 20-year track record of empowering small businesses, mission investors, and policymakers to create good quality jobs for working people and build an economy that works for everyone. Our programs strengthen small businesses and strengthen communities.

PCV’s BusinessAdvising.org is an award-winning national small business mentoring platform that connects entrepreneurs with pro-bono advisors. We target diverse entrepreneurs working in economically underserved communities and pair them with volunteer business advisors from major banks, consulting firms, and Fortune 500 companies who provide free tailored, confidential assistance to help people meet small business challenges and seize new opportunities. Over the past decade we’ve helped thousands of small businesses thrive, grow, and create tens of thousands of good local jobs.

BusinessAdvising.org is supported by revenue-generating partnerships with organizations like Google, Capital One, PayPal, Opportunity Fund, and eBay, enabling us to reach more small business owners and advisors than we could ever do on our own.

BusinessAdvising.org combines technology with personal interaction. Leveraging our advanced matching algorithm and cloud-based platform lets us work with thousands of people cost effectively. Personal connections drive repeat engagement and high levels of satisfaction, generating commitment and loyalty. Small businesses working with BusinessAdvising.org increase their annual revenue by 20% on average, and add jobs at ten times the national rate.

Position Summary:

Do you believe in the power of small businesses to strengthen communities and create good local jobs? Do you thrive on developing new business partnerships that will make the world a better place? Then you just might be the person PCV is seeking!

The Director of PCV’s BusinessAdvising.org program is a newly-created position charged with leading and growing our unique and innovative small business mentoring platform. BusinessAdvising.org has been growing by 20%–40% annually for three years, and is now serving almost 400 small business owners across the country each year with a network of over 1,000 volunteer advisors. The growth has largely been driven by partnerships with other community lenders, economic development agencies, and corporations like PayPal, eBay, and Google.

The Director will lead our BusinessAdvising.org team, manage existing partnerships, work closely with the President and CEO to develop new revenue-generating partnerships, and continuously improve the BusinessAdvising.org model, enabling us to serve thousands of small business owners across the country.

Responsibilities:

Manage partnerships, including:

  • Tracking progress and delivering on partnership goals
  • Collaborating with Marketing on communication strategies to attract and retain small businesses and volunteer advisors
  • Collaborating with PCV InSight to capture and report on impact metrics
  • Managing partner relationships to ensure satisfaction and repeat engagements
  • Support CEO in Business Development efforts to secure new paid partnerships, including:
  • Recommending product options and pricing to meet partner needs
  • Helping with pitch decks and participate in presentations
  • Collaborating with Marketing on communication strategies to attract new fee-for-service clients
  • Capturing learnings from past engagements to inform “who and what we sell”
  • Representing the organization at local events

Manage the team

  • Develop clear responsibilities for manager and associate, and help them develop in their careers
  • Create people strategy to efficiently serve small businesses and advisors as we scale.

Oversee and continually improve the model, including:

  • Recruitment and delivery model and metrics for both small business owners and volunteer advisors
  • Financial model and projections
  • Marketing strategies and metrics, in collaboration with Director of Marketing and Communications
  • Impact tracking methodology and execution, in collaboration with PCV InSight team
  • Technology strategy

Requirements:

  • Minimum five (5) years of work experience
  • Ideally a bachelor’s degree or higher
  • Successful track record of large customer acquisition and retention in a B2B, service-oriented industry
  • Outstanding people leader
  • Data-driven decisionmaker who embraces technology
  • Models PCV’s core values:
  • Coming from a place of yes
  • Living our mission
  • Oriented towards transparency
  • Seeking collaboration
  • Exhibiting empathy
  • Fluency in Spanish is highly desired
  • Experience in working with small businesses and/or community economic development is a plus

Compensation:

Competitive with excellent benefits for full-time employees including: health and dental insurance, paid time off and holidays.

How to Apply:

To apply for this position, send a resume and cover letter to: HR@pcvmail.org. Please include the title of Director, Business Advising in the subject of your email.

President of Business Development Access to Capital for Entrepreneurs
Atlanta, GA
Job Function: Lending/Loan Operations
Posted: February 13, 2018

Background:

ACE is a 17-year old Aeris-rated Community Development Financial Institution (CDFI) specializing in helping small businesses to grow through combining capital with coaching and connections. With a downtown Atlanta office, headquarters and back office in rural North Georgia, and a SBA Women's Business Center in Gwinnett County (the most diverse county in SE United States), ACE has loaned $49MM to more than 800 businesses who created 6,900 jobs. Loan amounts currently range from $15,000 to $500,000 with an average loan size of $145,000. ACE serves 68 counties including rural Appalachia and metropolitan Atlanta. ACE has grown 500% since 2011 and is currently implementing a 5-year strategic growth plan with an increased loan maximum and average loan size of $200,000. Our corporate structure is a 501(c)3 Georgia not-for-profit and our culture is entrepreneurial. Our website is www.aceloans.org.

Position Summary:

The President of Business Development for ACE serves as the leader of lending activity and program services to drive greater market presence in line with the growth goals for the lending portfolio. ACE is an equal opportunity lender, provider, and employer. The position is based in Atlanta and is regular full-time exempt with benefits.  

Responsibilities:

The President of Business Development will serve as the leader of lending activity and program services to drive greater market presence in line with the growth goals for the lending portfolio.

Location: Based in Atlanta office

Core Areas of Responsibilities

  • Recruits, hires, coaches, trains and holds accountable a team of 3-5+ Loan officers with emphasis on growing portfolio while enhancing a strong entrepreneurial education and support culture
  • Along with the CFO and Chief Credit Officer (CCO), is responsible for implementation of growth and strategic direction identified in ACE’s 5-year self sustainability growth plan
  • Business development focus is on developing robust, strategic referral partnerships with financial institutions, and other referral intermediaries to maximize deployment within target markets
  • Sets annual loan goals and measures performance attainment for that growth plan
  • Leads the design and implementation of loan products by working closely with CCO and other key staff to identify (and refine) products that are appropriate for ACE target markets
  • Oversees Chief Program Officer for efficient and effective operation of the ACE place-based initiatives, SBA Women’s Business Center and entrepreneurial education
  • Owns marketing and communication efforts, and will work closely with staff and/or contractors to identify marketing messages, develop supporting collateral and communicate expectations for consistent messaging amongst lending and program staff
  • Elevates ACE’s brand and presence within the target markets
  • Coordinates with CFO and CCO to ensure smooth operational handoffs and to improve alignment of programs and lending
  • Serves on the management team with CEO, CCO and CFO 
  • Identifies strategic business development opportunities for ACE
  • Attends Board meeting and interacts with Board as needed
  • Attends and presents at events that will promote ACE

Requirements:

Desired Experience / Attributes

  • Must have grown and managed their own loan portfolio
  • 10+ years of managing and empowering high performing teams in a fast-paced and rigorous lending environment
  • Understanding and passion for ACE’s mission and the pursuit of self-sustainability
  • Demonstrated understanding of the challenges of borrowers in underserved segments
  • Data-driven decision maker; self-starter
  • Committed to inclusion
  • Preferred but not required: deep banking relationships in Atlanta-Metro market; relationships with potential non-bank funders or supporters a bonus

Compensation:

Please include your salary requirements in your cover letter/email.

How to Apply:

Email cover letter, resume, and salary requirements to fricks@aceloans.org by March 9th. Use job title in subject line. No phone calls, please.

 

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