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  • Make an impact and join the opportunity finance field.

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

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

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

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

Background:

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

Position Summary:

The Events Coordinator will work with the EVP, Membership and the EVP, Knowledge Sharing in coordinating, planning, and executing OFN’s events. Specifically, this position coordinates and organizes event logistics to ensure successful Annual Conferences, Small Business Finance Forums, regional meetings, advocacy days, webinars, trainings, and other meetings and events as necessary.

Responsibilities:

  • Plan and coordinate events (both in-person and virtual) in conjunction with the EVP, Membership and EVP, Knowledge Sharing.

  • Anticipate event needs, manage event planning calendar and scheduling, discern work priorities, monitor event timelines ensuring deadlines are met.

  • Lead the call for sessions process: update and send invitation, organize responses, recruit reviewers, prepare ranking sheets, organize reviewer responses.

  • Manage event registration: update web site content, track comp codes, handle all registration inquiries, provide registration information to Meeting Planner in a readily usable form and on a timely basis, conduct on-site registration and manage attendee issues.

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

  • Manage internal and external requests for meeting space at conference hotel: create request forms, communicate with those making requests, and coordinate approved requests with Meeting Planner for space assignment.

  • Maintain inventory of event-related items (e.g., name badges, lanyards, binders), prepare meeting materials such as agendas and name badges, ensure training binders are properly assembled, and ensure materials are shipped to event location on time.

  • Lead attendee evaluation process for all events. Prepare summary reports for staff and Board.

Requirements:

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

  • 1-3 years of professional experience in event or project management.

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

  • Knowledge of the CDFI industry is strongly preferred.

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

  • Must be proficient with MS Office Suite products.

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

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

  • Ability to work constructively with a diverse audience.

  • Light to moderate travel required (5-10% of time).

  • No extraordinary physical requirements beyond ability to travel.

Compensation:

Commensurate with experience.

How to Apply:

   

Associate, Loan Administrator Opportunity Finance Network
Washington, DC
Job Function: Financial Services
Posted: April 19, 2018

Background:

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

Position Summary:

This position is primarily responsible for assisting the Vice President, Loan Operations in the administration of OFN’s Bond Guarantee Loans. Such assistance will include collateral management, compliance management, database management, loan servicing monitoring and recordkeeping. Responsibilities also include assistance with OFN’s existing loan portfolio.

Responsibilities:

  • Support the preparation and submission of the Bond Guarantee Program application via collection, organization and remittal of financial documents.
  • Review and coordinate documents associated with borrowers requisition of Bond funds for completeness and compliance with the Bond Guarantee Program requirements.
  • Provide payment oversight of Bond Loans, management of Bond Loan collateral. Ensure proper administration of all Secondary Loan documents by the borrower including the creation and perfection of required security interests and liens on Secondary Loans.
  • Perform first level review of the performance, replacement and removal of Bond Loan Collateral and ensure non-performing collateral is replaced in a timely fashion.
  • Ensure borrowers maintain the required amount of collateral per Bond Loan legal documents.
  • Monitor escrow agent activities and the custody of Secondary and Tertiary Loan documents held by the escrow agent.
  • Review, coordinate and test for compliance with covenants of the borrower.
  • Track and submit monthly, quarterly and annual reports to the CDFI Fund to support compliance with the terms and conditions of the Bond documents via database management systems.
  • Process documentation as needed to declare Events of Default under the Bond Guarantee Program and initiate remedies when necessary.
  • Assist with administration of OFN’s existing loan portfolio including collection and coordination of loan documentation, on-boarding and modifications to existing loans, ensure closing conditions are met, and initiate the funding for each loan closing.
  • Prepare timely submissions of internal and external departmental reports.
  • Prepare and review invoices for loans and asset management.
  • Preserve, maintain and update borrower files and legal documents as needed.
  • Assist other financial services team members on projects or deliverables, as requested by the VP, Loan Operations.

Requirements:

Education and Experience:

  • Bachelor’s Degree or 5+ years direct work experience required.
  • 1-3 years of experience in lending markets that have similar characteristics to the loans of OFN, and/or title or mortgage industry experienced required.
  • Experience in loan operations with a financial and /or nonprofit institutions preferred.
  • Experience in multi-party lending structures, with borrowers, lenders, banks and servicers and backup servicers preferred.
  • Experience preparing loan documents utilizing a Loan Servicing Software or standard templates as well as CRM system experience desirable.
  • Experience or knowledge of the CDFI Industry a plus.
  • Experience in nonprofit or small office environment a plus.

Knowledge, Skills, Abilities, and Physical Requirements:

  • Knowledge of accounting or lending practices required.
  • Superior analytical and organizational skills required.
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
  • Ability to understand and modify financial statements is preferred.
  • Ability to understand loan documentation is required.
  • Ability to review the work of other partners/subcontractors is required.
  • Superior interpersonal skills and ability to work well with diverse constituents is required.
  • Knowledge of and commitment to community development preferred.
  • Proficiency with MS Office and database software is required.
  • Ability to work independently or in team environment as required.
  • Ability to manage multiple tasks effectively and efficiently under moderate supervision.
  • Some travel required (<10% of time).
  • No extraordinary physical requirements beyond ability to travel. 
  • Job involves normal physical requirements for an office position.  

Compensation:

Commensurate with experience

How to Apply:

To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF139

Chief Financial Officer Mountain Association for Community Economic Development (MACED)
Berea, KY
Job Function: Finance
Posted: April 17, 2019

Background:

The Mountain Association for Community Economic Development (MACED) is a 43-year-old multi-strategy economic development organization that seeks to transition Eastern Kentucky’s economy into a just and sustainable post-coal future. We work with people and places in Central Appalachia and Kentucky to build a strong and diverse economy, increased family well-being, healthy and protected land, air and water, and an effective and accountable democracy.

MACED is a fast-paced, dynamic and growing organization with a 33-person staff that manages over $30 million in total assets. MACED seeks to make meaningful progress towards a Just Appalachian Transition through the following core strategies: 1) investing capital in local enterprises and communities, 2) demonstrating local-sector development ideas, 3) engaging in research, communications and advocacy for policy and narrative change, and 4) building entrepreneurial and leadership capacity.

Position Summary:

MACED is looking for a highly motivated and experienced accounting and finance professional to join its staff as Chief Financial Officer. This person will coordinate and direct accounting, finance, risk management, enterprise development, and portfolio support functions in support of MACED’s mission and program work. The CFO will serve as a member of the management team, which shares responsibilities for organizational management, visioning, direction setting and problem solving.

Responsibilities:

Ensuring smooth overall financial operations by leading the finance and portfolio support teams:

Oversee all financial accounts, ledgers, and reporting systems, including those used for tracking MACED’s programmatic lending activities, ensuring compliance with appropriate GAAP standards and regulatory requirements.
Maintain internal controls and safeguards for receipt of revenue, costs, program and grant budgets, and financing revenues and expenses.
Coordinate all audit activity, including A-133 audit, and lead preparation of tax and information returns for MACED and affiliated entities.
Consistently analyze financial data and present financial reports in an accurate and timely manner, and clearly communicate MACED’s financial status to leadership and staff, board members, funders, and other interested parties.
Guide the annual budgeting process and manage organizational cash flow forecasting.
Oversee all financial, project/program and grants accounting, ensuring that expenditures are consistently aligned with grant and program budgets throughout the grant or budget period and that all financial reporting on grants is timely and accurate.
Manage and track the performance of invested assets in keeping with policies and investment guidelines.
Inform and engage the board’s audit and finance committees to enable them to perform their guidance and oversight responsibilities effectively.
Supporting and supervising Enterprise Development Director and supporting effective program implementation:

Support effective program implementation and ensure alignment with organizational goals.
Assist Enterprise Development staff in identifying new program directions and options.
Ensure meaningful program evaluation, in conjunction with the Director of Performance Culture.
Ensure that organizational communications goals and needs around the Enterprise Development program are met.
Guiding a holistic risk management system at MACED:

Work with MACED staff to assess and manage risks facing our organization.
Complete annual Enterprise Risk Management process, seeking input from staff and others as appropriate, and present to MACED’s Finance Committee on an annual basis.
Consult with other programs and teams on potential risk management issues when needed and appropriate.
General:

Share leadership, management, and problem solving responsibilities with the management team.
Participate in fundraising and communications efforts as needed and appropriate.
Practice safety in all aspects of the job.
Other duties as assigned.

Requirements:

MINIMUM QUALIFICATIONS AND CHARACTERISTICS:
Knowledge and experience: Four-year accounting degree. At least seven years of accounting and/or auditing experience. Experience with payroll; financial reporting; coordinating audit activities; and managing budget development and analysis. Successful supervisory and/or team leadership experience demonstrating strong interpersonal skills. Solid understanding of GAAP, including GAAP for nonprofits and for financial institutions. Understanding of financial strategy, including issues of capital structure. Personal characteristics: Integrity, credibility and commitment to MACED’s mission. Willingness and demonstrated ability to take responsibility for complex finance functions and reporting. Analytic, organizational and problem solving skills that support strategic data interpretation vs. simple reporting. Technology and software: Power user of Excel. Hands-on and advanced knowledge of accounting and reporting software. Communications: Strong interpersonal and written communication skills. Ability to explain financial matters to general audiences, program staff, and IT providers as well as other accountants. Physical: Close vision with or without corrective lenses necessary for computer work. Manual dexterity needed to operate computer. Able to perform assigned duties in a time-efficient manner.

PREFERRED QUALIFICATIONS AND CHARACTERISTICS:
CPA or MBA with concentration in accounting. Community Development Financial Institution (CDFI) experience, and/or experience in the financial sector, in particular business lending. Experience with grants management, in particular compliance and reporting of government and foundation grants. Experience with A-133 audits. Experience preparing Form 990. Demonstrated experience with strategic financial planning. Concrete evidence of effective communication about financial matters to different audiences (e.g. boards and board committees, management, funders, constituents, program staff). Interest in Appalachian region.

Compensation:

This full-time position offers a competitive salary based on experience, with a generous benefits package. The position is based in Berea, Kentucky. Berea is a beautiful, small college town, less than an hour south of Lexington, on the edge of the Appalachian region. MACED is an equal opportunity employer.

How to Apply:

Please e-mail your cover letter, resume, and contact information for three references to cfo.hiring@maced.org . Applications will be reviewed immediately and will be considered until the position is filled. For more information about MACED, visit www.maced.org. Please no drop-ins.

Loan Officer WWBIC
Racine/Kenosha, WI
Job Function: Lending/Loan Operations
Posted: April 16, 2019

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) is a leading, not-for-profit economic development corporation that’s “Putting Dreams to Work.” Our focus is to positively impact the lives of women, people of color and low income individuals by providing quality business education, business loans and access to fair & responsible capital, one-on-one business coaching, and personal money management education and tools. Since 1987, WWBIC has lent more than $60 million in micro/small business loans and helped launch or expand 6,200 businesses. We currently work with 5,000 clients annually and manage a loan portfolio of $20 million with 550 active borrowers. To learn more about WWBIC visit: www.wwbic.com.

Position Summary:

The Loan Officer has responsibility to produce approved, closed and disbursed microloans and to expand WWBIC’s micro lending programs focusing on the southeastern Wisconsin.

Responsibilities:

Core responsibilities include: Identify, analyze, underwrite and close loan applications, develop and foster key relationships to ensure collaborative partnerships with area financial institutions and other sources for loan referrals, maintain a presence in the community to facilitate loan production, represent WWBIC at community and professional functions, conferences and meetings and maintain on going loan client contact.

Requirements:

This position requires a genuine desire to work with business owners of diverse ethnic and socio-economic backgrounds. Bachelor’s degree, at least 5 years solid work experience in commercial banking or underwriting, strong analytical and organization skills, the ability to multitask and meet deadlines and strong communication skills are needed. Must have valid drivers license and proof of insurance as position requires local travel. Experience in small business financing or community development lending is preferred. SBA loan origination experience is a plus.

Compensation:

Based on experience.

How to Apply:

To apply, please email a letter of application, resume & salary requirements to patricia.lohmann@wwbic.com.

Loan Officer WWBIC
Milwaukee, WI
Job Function: Lending/Loan Operations
Posted: April 16, 2019

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) is a leading, not-for-profit economic development corporation that’s “Putting Dreams to Work.” Our focus is to positively impact the lives of women, people of color and low income individuals by providing quality business education, business loans and access to fair & responsible capital, one-on-one business coaching, and personal money management education and tools. Since 1987, WWBIC has lent more than $60 million in micro/small business loans and helped launch or expand 6,200 businesses. We currently work with 5,000 clients annually and manage a loan portfolio of $20 million with 550 active borrowers. To learn more about WWBIC visit: www.wwbic.com.

Position Summary:

The Loan Officer has responsibility to produce approved, closed and disbursed microloans and for expansion of WWBIC’s micro lending programs focusing on Milwaukee’s targeted community development areas.

Responsibilities:

Core responsibilities include: Identify, analyze, underwrite and close loan applications, develop and foster key relationships to ensure collaborative partnerships with area financial institutions and other sources for loan referrals, maintain a presence in the community to facilitate loan production, represent WWBIC at community and professional functions, conferences and meetings and maintain on going loan client contact.

Requirements:

This position requires a genuine desire to work with business owners of diverse ethnic and socio-economic backgrounds. Bachelor’s degree, at least 5 years solid work experience in commercial banking or underwriting, strong analytical and organization skills, the ability to multitask and meet deadlines and strong communication skills are required. Must have valid drivers license and proof of insurance as position requires local travel. Experience in small business financing or community development lending is preferred. SBA loan origination experience is a plus

Compensation:

Based on experience.

How to Apply:

To apply, please email a letter of application, resume & salary requirements to patricia.lohmann@wwbic.com.

IT Manager, Member Systems Self-Help Federal Credit Union
Vallejo , CA
Job Function: Administrative/Operations/IT
Posted: April 12, 2019

Background:

Self-Help Federal Credit Union was formed in 2008 to build a network of credit union branches to operate on a scale uncommon in the community development industry. Through a series of mergers, acquisitions, and new branch launches in California, Illinois, and Wisconsin, we have built a community development credit union that aims to provide high-impact financial services to low income and working class communities.

Self-Help Federal now has 30 branches, over $1.1 billion in assets, and serves more than 80,000 members. We are committed to delivering safe and affordable savings, transparently-priced accounts and a full suite of loans – small dollar, citizenship, unsecured consumer, auto, and mortgage – often to borrowers who could not access responsible services elsewhere.
Self-Help Federal is part of the Self-Help family of non-profit organizations with a common mission and leadership. Over its 37-year history, Self-Help has learned that access to responsible savings, loans, and transactions is key to financial security, family healthy, and improved opportunity for low-income families. Self-Help has delivered $7.6 billion in financing through more than 137,000 loans to families, individuals, and organizations across the nation.

Position Summary:

This is a unique opportunity for an experienced IT leader with a strong commitment to economic inclusion to help Self-Help Federal Credit Union (SHFCU) take its member services to the next level through new and improved technology solutions. Chartered in 2008, in ten years SHFCU has grown through mergers and organic growth to more than $1.1 billion in assets, 80,000 members and 30 branches. The successful candidate will help to lead the acceleration of our strategy to dramatically improve the use of technology to deliver an exceptional member experience.
The IT Manager – Member Systems is responsible for the evaluation, strategy development, assessment, implementation, management and operation of all member-related IT Systems, and manages the team employed to support these efforts. S/he reports to the VP, Information Systems, and works closely with him, and the IT Manager – Network Administration, to meet all IT needs of the organization. This job requires a high degree of coordination between other functional areas, within the IT Department at Self-Help Federal, and with the IT team at our sister credit union in North Carolina.

Responsibilities:

• Overall management, configuration, support and continuous improvement of SHFCU’s
o core banking system
o Remote application system
o Home and mobile banking
o Other member service systems
• Leading and supporting the technical evaluation process for new member-related software.
• Improving system processes and operations in collaboration with all SHFCU teams
• Work directly with vendors to implement necessary upgrades and changes
• As appropriate, partner with IT Manager – Network Administration and network team to support hardware upgrades and hardware replacements, consistent with a collaborative team culture
• Ensure effective monitoring of systems service levels and integrity, and respond to issues, including repairs and recovery of failures.
• Create appropriate strategies for risk mitigation and contingency planning
• Effectively manage team, including focus on accountability and a strong commitment to staff development
• Effectively lead team to develop and track technical and procedural documentation
• Manage and support other aspects of SHFCU’s IT platform and team as required
• Perform other duties as may be deemed necessary

Requirements:

• Strong commitment to our mission – creating economic opportunity for traditionally underserved communities
• Strong cultural competence – we highly value diversity and inclusion
• Preference for working in organizations that place priority on teamwork and collaboration
• 10-20+ years of IT/IS experience with at least 5 years managing others; successful strategy and/or departmental leadership a strong plus
• Bachelor’s degree in IT or similar, or comparable additional experience; relevant graduate degree or accreditation a plus
• Strong people management and coaching skills
• Deep and successful experience working with core processing systems and other consumer banking technology systems
• Strong organizational, project management, and customer service skills
• Excellent communication skills – verbal, written, and analytical
• Excellent problem-solving and time management skills; demonstrated success meeting complex project deadlines
• Strong understanding in the use of MS Project, MS Office and Visio preferred

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package that includes health, dental, life insurance, flexible spending plan, retirement plan, paid parental leave, and domestic partners policy.

How to Apply:

Interested individuals please send a resume and cover letter to cahiringmanager@self-helpfcu.org and reference this job, “IT Manager Member Systems” in the subject line of your message.

Associate, Business Development Nonprofit Finance Fund
Los Angeles, CA
Job Function: Business Development
Posted: April 12, 2019

Background:

What We Do:

NFF works toward a more just and vibrant society through:

Financing that helps nonprofits and social enterprises expand opportunity in low- and middle-income communities.

Consulting that helps nonprofits and funders connect money to mission and community impact.

Partnering with service providers, funders, and investors to turn money and goodwill into positive outcomes.

Learning that shares experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis.

Nonprofit Finance Fund® (NFF®) advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing. A leading Community Development Financial Institution (CDFI), NFF currently manages over $329 million. Since 1980, we have provided $871 million in financing and access to additional capital in support of over $2.9 billion in projects for thousands of organizations nationwide.

Position Summary:

The Financial Services team is seeking to hire a Business Development Associate. The Business Development Associate will work closely with the Director, Business Development to drive the business activity of the West Coast lending team, including on- and off-balance sheet loans, New Markets Tax Credit (“NMTC”) projects and tailored capital investments developed with our funding partners. They will be involved in all aspects of loan origination, including pipeline cultivation and management, analyzing and determining loan viability, building, and managing client and partner relationships. They will focus on business development, but also support the underwriting and portfolio management teams, as needed. Primary responsibilities include: participating in market-facing activities to generate business opportunities; maintaining and managing a project pipeline; identifying and assessing, negotiating, and structuring viable financings in line with NFF’s mission; and preparing memos and presenting proposals for the “greenlighting” of projects to loan committee. The Business Development Associate is also responsible for ensuring timely and effective communication and coordination across NFF’s business development, underwriting, and portfolio management teams, as well as NFF’s offices and lines of business to ensure the highest level of client engagement. The Business Development Associate maintains knowledge of key markets within the region and nationally to support and inform the business development strategy. This position requires a minimum of 40% travel and it is expected that 75% of the time will be externally focused.

This position will be based in NFF’s Los Angeles, CA or Oakland, CA office. This position will report to the Director, Business Development.

Responsibilities:

Client Relationship and Management
Build and maintain strong relationships with current and future borrowers and partners.
Directly participate in the generation of new business, including early-state client visits and conversations and attendance at external events.
Support the cultivation and maintenance of relationships with capital sources (banks, CDFIs, foundations, institutional investors and other capital providers and intermediaries) and stakeholders.
Support the development, recommendation, and implementation of marketing strategies to further NFF’s lending activities.
Work closely with all business development, underwriting, closing, and portfolio management staff to ensure excellent customer service.

Loan Originations
Conduct initial assessment and analysis of financing prospects and prepare memos and present proposals for the “greenlighting” of projects to loan committee.
Help identify and resolve issues preventing loans from moving forward.
Originate loans and NMTC transactions by identifying, assessing, negotiating, and structuring viable, credit worthy financings.
Support the management of the lending pipeline.

Other Activities
Proactively monitor industry and regional trends and identify opportunities.
Participate in other support activities as needed for Financial Services team.

Requirements:

Essential Requirements for Education and/or Experience:
Bachelor’s degree required.
Credit skills sufficient to perform the initial credit analysis and risk assessment of financings.
Strong interpersonal and communication skills, both written and verbal.
Demonstrated ability to build, manage, and deepen client relationships.
Ability to relate to diverse constituencies.
An entrepreneurial work ethic, including an openness to learning new skills and systems and ability to take initiative for independent learning and quickly develop deep knowledge of a particular market or area.
Ability to exhibit calm under pressure.
Solutions-based mindset and approach.
Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
Demonstrated ability to take on increased responsibility over time.
Ability and willingness to travel within region to work with staff and meet with applicants, borrowers, and stakeholders.

Specialized Knowledge/Beneficial Skills and Experience:
Minimum two (2) years of financing or lending-related experience in a CDFI or a bank.
Results-oriented individual with the ability to work independently, as well as collaborate with a close-knit group.
Market knowledge in western region and in one or more targeted sectors including community health centers, education/charter schools, human service providers, and supportive/affordable housing.
Market knowledge of key constituents including CDFIs, government agencies, investors, foundations, policy makers and community service providers.

Compensation:

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

How to Apply:

Apply directly here: https://nonprofitfinancefund.applytojob.com/apply/pI7nZ47l3b/Associate-B...

Director, Business Development Nonprofit Finance Fund
New York, NY
Job Function: Business Development
Posted: April 12, 2019

Background:

What We Do:

NFF works toward a more just and vibrant society through:

Financing that helps nonprofits and social enterprises expand opportunity in low- and middle-income communities.

Consulting that helps nonprofits and funders connect money to mission and community impact.

Partnering with service providers, funders, and investors to turn money and goodwill into positive outcomes.

Learning that shares experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis.

Nonprofit Finance Fund® (NFF®) advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing. A leading Community Development Financial Institution (CDFI), NFF currently manages over $329 million. Since 1980, we have provided $871 million in financing and access to additional capital in support of over $2.9 billion in projects for thousands of organizations nationwide.

Position Summary:

The Director, Business Development has primary responsibility for driving the business activity of the eastern region – primarily in the northeast, but also including the southeast and central states – and working in conjunction with the underwriting team to structure and support viable financing opportunities. They will lead loan origination activity by developing and implementing a business development strategy, supervising other business development staff, and partnering with the Director, Underwriting to ensure the workflow proceeds in a timely and expeditious manner. The Director, Business Development is responsible for understanding and communicating market trends and the needs of key constituencies. They will lead the exploration of expanding NFF’s lending services in certain geographies and sectors by conducting market research, building relationships with key stakeholders, assessing product and pipeline viability, and presenting proposals/structures for implementation. Primary responsibilities include: leading market-facing activities to generate business opportunities; maintaining and managing a project pipeline to meet NFF’s annual lending goal; identifying, assessing, negotiating, and structuring viable financings in line with NFF’s mission; overseeing preparation of memos and presentation of proposals for the “greenlighting” of projects to loan committee; and managing business development staff. In addition, the Director, Business Development will oversee the successful partnership of the business development and underwriting teams to ensure a smooth client experience and contribute to lending process improvements. They maintain knowledge of key markets within the region and nationally to support and inform the business development strategy. This position requires a minimum of 40% travel and it is expected that 75% of the time will be externally focused.

This position will be based in NFF’s New York, NY office. This position will report to the V.P. of Lending.

Responsibilities:

Team Lead & Market Development
Collaborate and partner with the Director, Underwriting to manage the pipeline to meet annual lending goals. Specifically:
Develop, recommend, and implement a tactical plan that will consistently generate a viable pipeline of high-credit-quality clients and transactions, including, but not limited to, on-balance sheet lending, NMTC transactions, and off-balance sheet opportunities.
Supervise junior business development staff and the work of staff supporting business development activities and transactions.
Identify and resolve issues to respond to client needs and move transactions forward.
Maintain up-to-date market knowledge, and communicate and respond to changing market dynamics.
Lead the proposal and exploration of expanding NFF’s lending services in new geographies and sectors:
Oversee market research.
Build relationships with key community organizations, funders, and other relevant stakeholders.
Assess new product and pipeline viability.
Develop and implement a business plan.

Relationship Building and Management
Maintain strong relationships with current and future borrowers and partners.
Participate in business development activities, including early-stage client visits and conversations and attendance at external events.
Oversee and ensure the smooth transition and support of clients through the “green lighting”, underwriting, approval and closing processes to ongoing centralized portfolio management.
Cultivate and maintain relationships with capital sources (banks, CDFIs, foundations, institutional investors and other capital providers and intermediaries) and stakeholders.
Work across the organization to identify business development opportunities and coordinate the lending activity so that it intersects with NFF’s overall priorities and key relationships.
Develop, recommend, and implement marketing strategies to support the delivery of NFF lending, New Markets Tax Credit (“NMTC”) and other products and services to new and existing clients and partners.
Work closely with all business development, underwriting, closing, and portfolio management staff to ensure excellent customer service.

Loan Originations
Generate new business and manage business development pipeline in coordination with Director, Underwriting and Vice President, Lending.
Originate loans and NMTC transactions by identifying, assessing, negotiating, and structuring viable, credit-worthy financings.
Problem solve with internal and external parties to move the transaction pipeline forward.
Oversee and provide guidance to junior staff who conduct initial assessment and analysis of financing prospects and prepare memos and present proposals for the “greenlighting” of projects to loan committee.
Proactively monitor industry and regional trends and identify opportunities.

Requirements:

Essential Requirements for Education and/or Experience:

Bachelor’s degree or equivalent experience required.
A minimum of 8-10 years of professional experience or graduate-level education, preferably in the financial services, consulting or nonprofit sectors and in increasingly more senior positions.
Demonstrated ability to develop, structure, and negotiate new products, and perform the initial credit analysis and risk assessment of financings.
Strong interpersonal and communication skills, both written and verbal.
Demonstrated ability to build, manage, and deepen client relationships.
Ability to relate to diverse constituencies.
An entrepreneurial work ethic, including an openness to learning new skills and systems and ability to take initiative for independent learning and quickly develop deep knowledge of a market or sector.
Ability to exhibit calm under pressure.
Solutions-based mindset and approach.
Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
Strategic thinker with ability to balance big-picture ideas with day-to-day work.
Demonstrated ability to take on increased responsibility over time.
Ability and willingness to travel within region to work with staff and meet with applicants, borrowers, and stakeholders.

Specialized Knowledge/Beneficial Skills and Experience:

Demonstrated experience developing new product lines or moving processes from conception through implementation.
Results-oriented individual with the ability to work independently, as well as collaborate with a close-knit group.
Management experience including hiring, training, coaching staff.
Experience in business or commercial lending including the origination or management of a portfolio of nonprofit organizations.
Market knowledge in eastern region and in one or more targeted sectors including community health centers, education/charter schools, and human service providers.
Market knowledge of key constituents including CDFIs, government agencies, investors, foundations, policy makers and community service providers.

Compensation:

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

How to Apply:

Apply directly here: https://nonprofitfinancefund.applytojob.com/apply/0Db0EmB6cW/Director-Bu...

VP, Impact Capital Catalyst IFF
Chicago, IL
Job Function: Financial Services
Posted: April 12, 2019

Background:

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Our staff of about 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

Position Summary:

The VP, Impact Capital Catalyst will be responsible for accelerating the flow of capital between new and existing investors and nonprofits in IFF’s full-service markets. The position will be located in Chicago, but will include additional geographic coverage of IFF’s Full Service Markets, which as of now includes Chicago, IL, Detroit, MI and St. Louis and Kansas City, MO. The VP, Impact Capital Catalyst will sit between the supply and demand of capital to make markets more efficient by connecting stakeholders in the marketplace to the pipeline of projects cultivated by IFF.

The individual will cultivate a network of investors across the capital continuum, understand their requirements, structure funds as necessary to optimally utilize that capital, and leverage IFF’s knowledge and skillsets to make projects happen. The VP, Impact Capital Catalyst will also early on develop a plan to develop the capacity to syndicate loans as a new, fee-based service offering. The VP, Impact Capital Catalyst will report to the President Core Business Solutions and will work closely with the Senior Vice President Capital Solutions, the Chief Financial Officer, the President of the Social Impact Accelerator, the Executive Directors based in Detroit, Chicago, and St. Louis, and the Vice President of Strategic Partnerships & Resource Development. This is a new position for IFF and requires flexibility and adaptability as we learn more about how to best evolve this role.

Responsibilities:

Job Duties and Responsibilities:

1. Work with IFF colleagues to develop a pipeline of supply and demand of capital to advance complex nonprofit projects.

Supply. Working in coordination with the VP Strategic Partnerships, Executive Directors and the President Social Impact Accelerator, develop relationships with key foundations and impact investors to both ascertain their investing preferences (by geography, sector, and financing vehicle) and raise impact investments for IFF.

Demand. Working with the SVP Capital Solutions, SVP Real Estate Solutions, Executive Directors and President Social Impact Accelerator, curate a pipeline of projects that require financing aligned with the above supply of impact investing possibilities.

2. Lead IFF’s effort to create an off-balance sheet Community Facilities Fund (CFF), working closely with the President Social Impact Accelerator and CFO. Engage third party legal counsel and audit expertise to most effectively create a CFF which would raise direct equity and debt investments from IFF stakeholders. Work with Marketing Manager to create collateral material and with Communications to broadcast opportunities for impact investing into the CFF.
3. Develop a strategy and tactical plan to create a fee-based loan syndication offering for IFF. The plan would need to include specific guidance to IFF’s lenders about how to identify opportunities to offer this service, and how IFF would build the internal capacity to standardize an underwriting and structuring approach to these financing transactions.
4. Serve as the IFF “expert” on Opportunity Zones and work with the CFO, President Social Impact Accelerator and SVP Capital Solutions to best determine and refine IFF’s strategy for deploying these funds into IFF development projects and/or the establishment of an IFF Opportunity Zone Fund.
5. Other duties as assigned.

Performance Measures:

1. Creation of a Community Facilities Fund that meets IFF’s objectives (year1). On an on-going basis, the growth of the CFF to support transformative nonprofit facilities projects leveraging multiple strands of impact investor equity and debt.

2. The development of an approved strategic and operational plan to introduce loan syndication services.

3. Leadership in building IFF’s role as VP, Impact Capital Catalyst, including diversification of IFF’s investor base and raising agreed upon levels of impact investments.

4. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.

5. Models personal accountability that promotes ownership and engagement.

6. Builds and maintains effective working relationships with colleagues, peers and team members.

7. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.

8. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

Position Qualifications:

Education: Master’s Degree in business, management, community development, or a related field.

Experience: Ten years of experience with increasingly responsible management and financial roles and a comprehensive working knowledge in community development finance, human services, real estate development or a related field.

1. Experience with federal and other government funding programs required.

2. Experience with investors and investment products required.

3. Experience with financial packaging and structuring preferred (e.g., New Markets Tax Credits).

4. Demonstrated leadership and management skills and a track record of career growth and success.

5. Excellent written and oral communication skills and excellent interpersonal skills.

6. Ability to recognize and communicate strategic opportunities.

Unusual Requirements: Regular travel throughout the assigned region and periodic travel nationally. Occasional evening and weekend work.

Compensation:

Will be discussed at time of interview

How to Apply:

Application Instructions: Applicant please submit a cover letter, resume and salary requirements to email. Please include “VP, Impact Capital Catalyst” in the subject line of the email.

Director of U.S. Bank CDC Business Impact Group U.S. Bank Community Development Corporation
Saint Louis (open), MO
Job Function: Project Management
Posted: April 10, 2019

Background:

U.S. Bancorp Community Development Corporation (USBCDC) is one of the nation’s most active, diverse tax credit investors and community development lenders.

Position Summary:

Location flexible for the right candidate, with regular work out of Saint Louis, MO and Minneapolis, MN, and travel as required.

The Director of the U.S. Bank CDC Business Impact Group leads the collaborative development of business strategies that will increase USBCDC’s ability to deliver social impact, specific to issues of gender, racial and economic equity.

The Director will lead the Business Impact Group through work with business line leaders to identify and build investment strategies and related social impact measurement programs in each one of our business lines, including the cultivation and management of aligned internal and external partnerships that drive strategy execution and raise USBCDC visibility in our industries. As a key leader on the USBCDC strategy team, this position will also play a role in execution alignment between USBCDC and the U.S. Bank Corporate Responsibility strategy.

Success in this role demands the skill to build relationships, work collaboratively and manage stakeholders across difference, the ability to think strategically and translate complex ideas into actionable plans, subject matter expertise in community development finance and a working knowledge of social impact measurement concepts and tools.

The Director, CDC Business Impact Group reports to the Vice President of Strategy & Employee Experience at USBCDC and will work closely with other senior leaders at USBCDC and U.S. Bank, as well as in partner organizations.

Responsibilities:

Duties and responsibilities include, but are not limited to:

• Lead the strategy development and design of business strategies and measurement programs, in close collaboration with business line leaders, that achieve our social impact objectives and complement our existing business relationships and objectives
• Build and oversee the development of partnerships with customers, vendors and industry stakeholders that achieve our social impact objectives and complement our existing business relationships and objectives, by continuously developing relationships and identifying aligned partnership opportunities
• Elevate USBCDC visibility and role in the industry, in partnership with marketing & communications, around a commitment to gender, racial and economic equity and social impact more generally, through participation or organizing of speaking engagements, convenings and/or sponsorship opportunities
• Represent USBCDC leadership in collaborative planning and execution meetings for the U.S. Bank Corporate Responsibility strategy
• Develop related performance indicators, management plans and progress reports for U.S. Bank partners, USBCDC senior leaders and business lines
• Provide input to content development for U.S. Bank and USBCDC external reporting
• Stay up to date on related industry best practices, research and innovation
• Lead direct reports responsible USBCDE impact strategy, impact measurement and business impact strategy support, define roles and delegation appropriately
• General staff management duties

Requirements:

Basic Qualifications
•Master's degree, or equivalent work experience
•10 or more years of experience in community development finance, partnership development, community development or related field
•Two or more years of managerial experience

https://www.usbank.com/commercial-business/tax-credit-financing/

Preferred Skills/Experience
•Deep understanding of the conditions that cause gender, racial and economic inequities and/or has expertise in the field of diversity, equity and inclusion
•Demonstrable expertise in community development and community development finance, and understanding of industry landscape
•Understanding of basic concepts and tools of social impact measurement
•Significant experience in stakeholder management and partnership development
•Ability to identify, create and respond to opportunities in alignment with strategy
•Ability to plan and implement short- and long-range goals, including simplifying complex problems, making tough decisions and identifying and acting upon a critical path
•Ability to manage multiple projects and developing strategies, especially when details are emergent or unclear
•Clear communicator, both verbal and written, and comfort in front of groups
•Highly effective interpersonal skills, with ability to collaborate and willingness to work across a wide range of stakeholders; skilled at addressing both large and small audiences across multiple leadership levels and functions
•Ability to deliver results through influence without authority
•Personnel management experience

Compensation:

Competitive, based on experience.

How to Apply:

https://usbank.taleo.net/careersection/10000/jobdetail.ftl?lang=en&job=1...

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