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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.orgSubmissions will be reviewed to ensure relevancy to the industry, and posted within 2 business days.

Associate- Community Development Finance SB Friedman Development Advisors
Chicago, IL
Job Function: Lending/Loan Operations
Posted: December 2, 2019

Background:

Located in Chicago’s Loop, SB Friedman is a mission-driven advisor specializing in public-private partnerships and development projects that support community revitalization, placemaking and social equity. We have facilitated over $1.7 billion in successful financings for a wide variety of community development projects.

We are focused on the professional success of our employees and offer the following:

Competitive salary with rapid advancement for strong performers
Performance-based bonus compensation
Generous benefits packages, including company-paid health and dental insurance, 401k with employer match, vacation, and 10+ paid holidays
Paid membership to professional organization to encourage professional growth
Regular peer-delivered “brown bag” sessions on topics of professional interest
Monthly happy hours and staff get-togethers
Newly renovated offices overlooking the Chicago River in the Loop

All applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, national origin, ancestry, age, order of protection status, marital status, physical or mental disability unrelated to ability, military status, sexual orientation, pregnancy, or unfavorable discharge from military service.

Position Summary:

We’re seeking an Associate for our growing community development finance team and New Markets Tax Credit (NMTC) practice to support innovative, impact-driven development projects nationwide. This position will primarily focus on two phases of these structured finance transactions: 1) executing the closing process; and 2) the post-closing phase where the project is constructed and stabilized.

Responsibilities:

Key Responsibilities

Underwriting projects/organizations and preparing underwriting memos
Assisting our firm’s clients with the approval and closing processes for NMTC transactions
Assembling due diligence materials and responding to information requests to support the closing process
Supporting efficient closings through coordination with internal and external parties, including attorneys, accountants, funders, and project sponsors
Reviewing third-party reports and documentation, including, but not limited to, insurance certificates, appraisals/broker opinions of value, environmental reports, financial projections, prior expenditure documentation, settlement statements, closing transfer memos, etc.
Summarizing and assisting with ongoing loan servicing, reporting, and compliance obligations
Communicating and building relationships with mission-driven borrowers and investors
Reviewing loan disbursement requests during project construction
Working with clients, borrowers, and investors to identify and troubleshoot problems
Developing and improving systems and processes to increase efficiency and quality

Requirements:

· Bachelor’s degree in Finance, Accounting, Business Administration, or a related field

· Demonstrated interest in impact investing, socially responsible investing, community and economic development, or related topics either through coursework, work experience, or volunteering

· Familiarity with accounting principles, real estate finance, and/or lending and credit analysis concepts

· Proficiency in Microsoft Excel

· Ability to read and interpret legal documents

· Ability to express complicated ideas and concepts clearly via email and in writing

Applicants with additional or equivalent combinations of experience/qualifications are encouraged to apply; the firm may tailor the position for the right candidate.

The ideal candidate for this position is a proactive problem solver and critical thinker with the ability to learn new skills and techniques quickly. The successful applicant will be resourceful, comfortable working in fast-paced environments, and highly detail oriented. Direct experience or training in all areas of work and key responsibilities listed here is not required. If you’re intellectually curious and committed to using your financial background to create positive change, please apply.

Compensation:

We offer competitive salary with annual performance-based bonuses, rapid advancement potential for strong performers, and a comprehensive benefits package.

How to Apply:

Please respond by submitting a cover letter and resume by email to Tony Smith at jobs@sbfriedman.com. Please include “Associate – Community Development Finance” in the subject line.

Manager, Lending NeighborWorks America
Washington, DC
Job Function: Lending/Loan Operations
Posted: December 2, 2019

Background:

At NeighborWorks America, we are an organization that cares deeply about affordable housing and community development and the people who benefit from them. Their safety and wellbeing is why we come to work in the morning and why we put in long hours and years of service. We build the skills, supplement the resources and amplify the reach of these organizations so they can build more houses, empower more individuals and transform more communities than they would be able to do on their own.

The National Initiatives Division of NeighborWorks America (NWA) is responsible for developing, testing, and mapping innovative national programs and services designed in support of the approximately 250 NeighborWorks Organizations with the overall objective of sustaining a network of excellence that creates opportunities for people to purchase affordable homes, improve their lives and strengthen their communities.

In addition, the division oversees grant programs beyond the NeighborWorks Network, including other nonprofit and governmental agencies throughout the country. The areas of focus within National Initiatives includes homeownership and lending, financial capability, green strategies, community and resident engagement, community stabilization, real estate and the national foreclosure mitigation counseling program.

Position Summary:

The Manager, Lending, under the direction of the Sr. Manager CDFI & Commercial Lending, provides day-to-day programmatic support and analysis to all certified CDFI network lenders and those network lenders delivering affordable housing lending products. The Manager will assist in the design and delivery of a lending strategy to support growth and minimize risk in network lenders. Additionally, the selected candidate will work with NHPL staff and other teams within the corporation (i.e. Lender Liaisons) to identify and expand network impacts within the lending and portfolio management line of business. The position requires a thorough understanding of residential mortgage lending, compliance requirements, the work of the CDFI industry and strong multi-tasking skills.

Responsibilities:

1. Manage and monitor the responses to network CDFI capacity building needs and demands
2. Maintain current policies and procedures template for residential lenders
3. Advanced knowledge of rules and regulations around residential lending, remaining current in residential mortgage lender industry standards and compliance requirements
4. Manage and lead work with data teams to ensure we maintain a current list of lending products deployed by network lenders
5. Responsible for the development and deployment of the quarterly lender’s newsletter for the network.
6. Assist in the development and/or facilitation of webinars on various subject matter to meet the needs of network lenders.
7. Update roster of certified CDFIs and noncertified lenders on a quarterly basis and share with corporate data teams
8. Serve on NHPL committees and subcommittees as appropriate to support department goals
9. Identify community development finance industry resources to increase capacity of network lenders
10. Participate in the creation and development of the network lender tool kit
11. Conduct annual survey of network lenders, keeping team and other applicable corporate divisions informed of priorities, in collaboration with NHPL data team
12. Work closely with Sr. Manager to collaboratively develop and deliver greater efficiencies and effectiveness in organizational assessment (OAD) review process for lending and portfolio management line of business

Requirements:

(a) Education: A bachelor’s degree in business administration, public finance, nonprofit management or related field. Five years of mortgage industry experience may be substituted in lieu of a bachelor’s degree.

(b) Experience:
• Minimum of (5) five years of direct lending to end users of residential, intermediary, consumer loan products
• Minimum (5) years in the mortgage industry

(c) Licenses, Certifications:
• NDC certified preferred, but not required

(d) Competencies, Knowledge, Skills & Abilities:
General
• Ability to work in a fast-paced environment across multiple programs and projects
• Completing tasks on-time with minimum supervision in a remote environment
• Managing multiple deadlines and requirements all competing for yours and other resources
• Exceptional writing skills and verbal communication skills
• Ability to change from detailed tasks to visioning with very little downtime
• Focus on changing priorities on a daily/weekly basis
• Proven organizational and time management skills

Knowledge
• Deep understanding of residential lending and lending process
• Ability to work with organizations serving urban, rural, suburban, from local to nationwide target markets
• Understand the CDFI certification process and compliance applicable to CDFI Fund awardees

Skills
• Experience in initiating, underwriting, processing, closing and servicing a loan
• Must be able to work independently and manager portfolio of programs effectively and efficiently
• Display strong/strategic professional decision-making
• Deliver on-line and in-person trainings/webinars across multiple areas
• Management and oversight of consultants
• Proven experience in developing and meeting program/project timelines

(e) Technology:
• Must be familiar with mortgage lending software platforms for originating, servicing,
• Ability to learn proprietary software programs of nonprofit funders
• Proficient in Microsoft Office Suite, Zoom/webinar applications,

Compensation:

Commensurate with experience

How to Apply:
Apply online at: https://www.appone.com/MainInfoReq.asp?R_ID=2790663&B_ID=44&FID=&Ad=&Refer=&ssbgcolor=&SearchScreenID=2392

Nonprofit Real Estate Consultant Community Vision Capital and Consulting
San Francisco, CA
Job Function: Project Management
Posted: December 2, 2019

Background:

Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Community Vision provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.

The Consulting Program provides technical assistance in financial management and real estate services for nonprofit organizations. Our team of consultants use wisdom, industry expertise, and passion to improve nonprofit programs and services. Through strategic guidance and trainings, we identify and create strategies to help organizations build operational efficiencies and develop long-term plans to meet financial and real estate goals.

For more information on our programs and services, please visit our website at: https://communityvisionca.org/

Position Summary:

Community Vision works with governmental and nonprofit organizations to develop plans that address the real estate needs of their programs. Focal areas for our work include community arts facilities, multi-tenant centers, mixed-use development and facilities for organizations that serve communities on the margins of opportunity in Northern California.

The Real Estate Consultant will work with Bay Area nonprofit organizations to plan and implement their real estate projects. Specifically, the Real Estate Consultant will provide facility planning, assess organizational financial capacity, identify and evaluate potential sites, provide advice on business terms for leases and purchase and sale agreements., analyze financial feasibility, assist with the selection process for development team members, and assess property and asset management needs.

This position is primarily focused in the Bay Area counties, but may also work in other parts of Northern and Central California.

Responsibilities:

Client Services
Identify potential clients, develop scopes services, and enter into contracts for consulting services.
Work with clients to determine the goals of their facility projects.
Work with clients to determine conceptual feasibility of their facility projects.
Work with clients to assess the real estate options appropriate to their programs and outline work needed.
Prepare pro forma models of sources, uses and cash flows for the one-time and ongoing costs of a real estate projects.
Work with clients to assess their asset management options.
Manage and maintain positive client relationships.
Assess the capacity of the client’s financial structure to support project costs and debt.
Organize, plan and conduct workshops on real estate topics.
Collaborate with strategic partners to integrate real estate training into comprehensive capacity building programs.
Measure and track results of consulting engagements.
Assist program staff with creation of marketing materials and marketing strategies for informational workshops.

Business Development
Represent Community Vision at various community meetings, convenings, and conferences.
Market Community Vision’s services and products to community based organizations, municipalities, and other potential clients.

Program Management & Administration
Conduct on-going “best practices” research and document results for the benefit of real estate consulting clients.
Work with staff to maintain Community Vision’s consultant referral network.
Attend staff meetings and work with Community Vision staff to coordinate real estate consulting program with other organizational programs.
Prepare applications and reports to external funders (government agencies, foundations, etc) for third party contracts.

Requirements:

Minimum Requirements:
3+ years experience with development of community facilities, affordable housing or commercial real estate.
Ability to design and build financial analysis models for real estate.
Bachelor’s Degree in a related field or equivalent experience.
Valid California Drivers License for required driving.
Ability to conduct site visits throughout Northern and Central California.

Desired Qualifications, Skills & Experience:
Experience with nonprofit facility development and/or project management.
Experience with providing technical assistance, consulting and training, including curriculum development, webinars, group presentations and individual consultations.
Experience with commercial tenant improvement construction practices.
Familiarity with commercial real estate brokerage practices.
Familiarity with the nonprofit sector and municipalities in Bay Area counties.

Compensation:

Starting salary is $80,000-$92,000 depending on experience, plus an excellent benefits package including health, dental, retirement plan, three weeks vacation, and a commitment to work/life balance.

We realize that the impact of discriminatory policy, institutionalized financial neglect, and systemic racism have resulted in a deep sense of distrust felt among communities on the margins of opportunity, including people of color, folks of various abilities, genders and sexualities, and communities with low financial wealth. We believe that these communities must be centered in the work we do. Hence, we strongly encourage applications from people with these identities or who are members of other marginalized communities. Community Visions is an equal opportunity employer; people of all backgrounds are strongly encouraged to apply.

How to Apply:

Email to hr@communityvisionca.org. Please write “Real Estate Consultant” on subject line. Cover letters should discuss your interest in the position and working at Community Vision. Resumes without cover letters will not be considered.

Senior Financial Analyst Local Initiatives Support Corporation
New York, NY
Job Function: Finance
Posted: November 29, 2019

Background:

What We Do
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.

Strategies We Pursue
Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.

Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.

Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.

Develop leadership and the capacity of partners to advance our work together.

Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 40 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 34 markets with offices extending from Buffalo to San Francisco. Visit us at www.lisc.org

Position Summary:

This position reports to the Director of Treasury in LISC’s national Finance department. The Senior Financial Analyst will create models, reports and indicators used to analyze cash flows and performance of the portfolio. The successful candidate will be energetic, exceptionally analytic, have excellent (verbal and written) communication skills and be able to relate to senior-level executives. Candidates should be committed to LISC’s mission and have an interest in a career in community development/nonprofit finance.

Responsibilities:

• Serve as the internal point person for loan portfolio information at LISC. Report on loan portfolio performance and trends to LISC’s Board of Directors and Senior Management; highlight key analytic insights and develop new indicators as needed.
• Support the analytic needs of Chief Financial Officer, Senior VP of Lending, Chief Credit Officer, Treasurer and field offices with ad hoc analyses, projections and financial models.
• Coordinate reporting to LISC’s current lenders (primarily financial institutions) and organize loan portfolio data for S&P rating reviews.
• Execute and occasionally coordinate due diligence packages for lenders, industry surveys, and funding applications.
• Review loans and attend regular Credit Committee and loan monitoring committees.
• Work with various departments to define and capture LISC’s impact data, and improve data quality procedures.
• Identify and help implement procedures to increase operational efficiency.

Requirements:

• Master or equivalent by experience, with minimum 3 years work experience. Degree and/or experience related to finance, community development and/or data analysis preferred.
• Demonstrated strong quantitative modeling and analysis skills required.
• Excellent Excel skills are a must. Familiarity with programming and/or statistical software an advantage.
• Basic understanding of the financial side of lending, including interest accrual and loan amortization.
• Proactive, self-starter, able to make decisions amidst ambiguity.
• Candidate must be well organized, detail oriented and reliable.
• Excellent oral and written communication skills.
• Previous not-for-profit experience desirable but not required.

Compensation:

LISC offers a competitive salary and excellent fringe benefits.

How to Apply:

To apply, please send a cover letter and resume to:

Courtney Branker, Vice President & Treasurer
Local Initiatives Support Corporation
28 Liberty Street, 34th Floor
New York, NY 10005
E-mail: cbranker@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Chief Financial Officer WomenVenture
Minneapolis, MN
Job Function: Finance
Posted: November 27, 2019

Background:

WomenVenture is an economic development agency designated as an SBA Women’s Business Center and a CDFI. Over its 42-year history WomenVenture has provided over 105,000 women of all ages, cultures, races, and income levels with the tools and resources to achieve economic success through small business ownership. Utilizing in-depth training, expert advice, access to capital, and a network of support we help our clients launch and lead businesses that are profitable and sustainable. Our work is guided by our values of integrity, embracing diversity, change agency and persistence.

Position Summary:

This position provides strategic and operational leadership for all financial aspects of the agency including short- and long-term planning, accounting (GAAP), internal and external financial reporting, leadership of finance staff and the Board’s Finance and Credit committees, loan portfolio administration and support of complex grants. The CFO works collaboratively with the Board of Directors, CEO and the Leadership Team to align work with mission, vision, and financial goals. This high impact position is available due to the pending retirement of the incumbent who will support the transition.

Responsibilities:

Budgeting & Forecasting (15%)
• Establish guidelines for annual budget and 3-year forecast preparation with the CEO and Board Executive Committee
• Work with CEO and Leadership team to prepare draft of annual budget and 3-year cash flow
• Present draft budget to Finance Committee and final draft to Board of Directors for approval
• Build an automated agency forecast model including anticipated loan production and sales; update on a quarterly basis as a part of financial reporting to the Finance Committee and Board of Directors

Financial Accounting and Reporting (60%)
Payroll (5%)
• Oversee all payroll functions to ensure employees are paid in a timely and accurate manner
• Ensure that employees code their time to capture 100% of grant and contract related funding
• Manage the submission of statutory and benefits remittances
• Negotiate and manage the employee insurance and benefits plans
General Ledger (10%)
• Oversee and ensure accurate recording and documentation of all agency cash disbursements and cash receipts
• Oversee and ensure accurate recording and documentation of all agency short- and long-term assets and liabilities
• Monitor the quarterly reconciliation of all balance sheet accounts and monthly reconciliation of all loan related and cash and cash equivalent accounts
• Review reconciliations of subsidiary ledgers used for loan program transactions, donations, class room revenue, etc. to the Agency’s cash accounts and general ledger on a monthly basis
• Utilize and maintain an automated, industry accepted financial accounting systems for recording agency financial transactions,
Financial Reporting (20%)
• Oversee the generation of timely internal financial statements, including analysis of significant variances from budget and previous year activity
• Oversee timely production of departmental financial reports; working with Directors to understand significant variances from plan and assimilate into quarterly forecast
• Serve as Agency lead in loan fund accounting and reporting, including credit quality, loan sales, portfolio trend analysis, liquidity ratios, loan fund policies and procedure manual, etc.
• Closely monitor cash flow and line of credit, using automated forecasting tools and analysis
• Prepare/oversee all supporting information for the annual audit, single audit and federal form 990, and liaise with the board Finance Committee and external auditors as necessary
Grant Management & Reporting (20%)
• In partnership with the CEO, Development Director and relevant Program Directors prepare grant budgets for funding applications
• Ensure timely and accurate expense tracking, invoicing and collections
• Prepare grant related financial reports on a timely basis
• Serve as the agency expert on CDFI and OFN financial reporting; ensure complex reporting is completed on a timely basis.
• Serve as the Agency expert on grant compliance and interpretation of OMB Circulars and all applicable regulations
• Work with program and development teams to maintain all grant agreements and MOUs pertaining to grant awards

Governance and Leadership (20%)
Board Governance; Finance and Credit Committees of Board of Directors (10%)
• Report to Board of Directors and Board committees as requested by the CEO, Treasurer and Board Chair
• Serve as the liaison to Finance and Credit Committees of the Board of Directors:
o Meet with Committee Chairs on a quarterly basis; set committee agendas and related materials
o Prepare meeting materials for distribution
o Review and annually update committee charters and work plans
o Review and edit meeting minutes for Committee approval
o Meet with each committee member on an annual basis
o Assist with the recruitment of new Committee members in partnership with the Committee Chair and CEO
• Review, update and ensure compliance with Agency financial policies and procedures manual
Leadership Team and Staff Oversight (10%)
• Actively participate in leadership team, using Entrepreneurial Operating System (EOS) Traction approach
• Embrace and live WomenVenture’s values of integrity, embracing diversity, change agency and persistence
• Lead finance related staff and consulting resources to meet Agency short and long-term goals

Partnerships & Professional Development (5%)
• Meet at least annually with key staff at DEED and the SBA district office
• Attend SBA Technical Assistance training, Women’s Business Center annual conference and Certified Financial Development Institutions/ OFN annual conference
• Secure relationships with Senior Women (Sr. Manager / Partner) in regional accounting firms; meet with contacts at least annually
• Pursue other trainings that furthers professional growth and development within the position

Requirements:

Qualifications:
• Minimum five years’ experience in Controller/CFO role, or three years’ in a Senior Manager role in a regional public accounting firm
• Bachelor’s Degree in Accounting, Business or related field; CPA designation desired
• Minimum two years’ experience in managing a team of direct reports

Preferred Skills
• Proficiency in automated Accounting Software Systems
• Advanced intermediate Microsoft Excel skills
• Demonstrated history of developing and implementing new processes, systems and automation to increase efficiency
• Highly organized, self-motivated and able to manage complex projects, competing priorities and tight deadlines
• Ability to speak, listen and write in a concise manner
• Excellent meeting facilitation skills, including the ability to effectively present information to a wide variety of audiences
• Comfortable giving and receiving constructive feedback and acting as a mentor to staff

Compensation:

Compensation will be based on a combination of background, years of experience and nonprofit salary survey data, compensation is competitive.

How to Apply:

Interested candidates should send a cover letter and résumé (both required) to hr@womenventure.org with “Chief Financial Officer” in the subject line or via mail to Human Resources, WomenVenture, 2021 East Hennepin Avenue, Suite 200, Minneapolis, MN 55413. Application deadline: open until filled. WomenVenture is an equal opportunity employer.

Analyst, Impact Investing Tideline
New York or San Francisco, NY
Job Function: Other
Posted: November 26, 2019

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 strategy development, investment product and platform design, and impact management and verification.

Our multi-disciplinary team delivers services of unmatched quality, grounded in deep, rigorous research and analysis. Past clients have included leading global asset owners, asset managers, and service providers active in impact investing. Tideline was founded in 2014 with offices in New York, NY; San Francisco, CA; and Portland, OR and is led by the firm’s partners: Christina Leijonhufvud, Ben Thornley, and Kim Wright-Violich.

Position Summary:

This is a unique opportunity for an early-career individual to gain exposure to impact investing and strategy consulting. The Analyst will gain diverse experience playing an important role on projects, through executing research, producing materials, and supporting project coordination and management, among other responsibilities.

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

Responsibilities:

Project coordination, research, and materials (85%):
• Performing research and analysis related to client projects, including literature reviews, summaries of findings, participation in expert interviews, etc.
• Developing client materials, including PowerPoint presentations and written reports
• Leading scheduling and supporting project management for client projects
• Supporting quantitative analysis and modeling efforts for client projects (as applicable given candidate experience)
• Acting as support for senior project team members on client management
• Contributing to team meetings, brainstorming, and project planning

Operational and business development support (15%):
• Supporting the drafting of proposals and other business development materials
• Performing research to inform business development and operational efforts, as needed
• Working with other team members to address internal / operational priorities, as needed

Requirements:

The ideal candidate has a collaborative disposition; appreciates thoughtful and efficiently managed processes; is exceptionally well-organized with an eye for detail; communicates well; and is committed to advancing social and environmental outcomes. Every member of the team embodies our firm’s values: excellence, commitment, and openness.

Desired qualifications include:
• Bachelor’s degree
• Knowledge of impact investing, finance, and/or philanthropy preferred
• Knowledge of impact management a plus
• Experience in consulting, impact investing, finance, philanthropy, and/or research a plus
• Strong written and oral communication skills
• Financial / quantitative analysis experience a plus
• Adept at using Microsoft Office; strong PowerPoint skills and design sensibilities a plus
• Ability to manage multiple tasks with high attention to detail and organization
• Ability to think critically and creatively
• Demonstrated ability to exercise initiative, sound judgment, and discretion
• Strong interpersonal and relationship-building skills
• Sense of humor and self-awareness

Compensation:

Commensurate with experience

How to Apply:

Please apply through this link: https://tideline.bamboohr.com/jobs/view.php?id=30

You may send any questions to hiring@tideline.com.

Tideline is an equal opportunity employer. We value diversity and are committed to an inclusive workplace.

Loan Fund Administrator National Housing Trust
Washington, DC
Job Function: Administrative/Operations/IT
Posted: November 26, 2019

Background:

The National Housing Trust is a strong national nonprofit engaged in affordable housing advocacy, lending, real estate development and energy solutions. Our mission is to preserve and improve affordable multifamily homes to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive.

NHT is an award-winning nonprofit with a focused agenda. The ideal applicant thrives in a fast-paced environment, working with dedicated and entrepreneurial colleagues. NHT has a staff of 30 across its four business lines – public policy, lending (NHT Community Development Fund and Institute for Community Economics), real estate development (NHT Communities) and energy solutions (NHT Renewable).

Through its two lending affiliates, the National Housing Trust Community Development Fund (NHTCDF) and the Institute for Community Economics (ICE), NHT provides access to flexible financing to meet the needs of mission driven affordable housing developers who are preserving and improving affordable homes or creating permanently affordable housing opportunities through community land trusts and shared equity housing.

Position Summary:

The Loan Fund Administrator works closely with the Lending Team to help manage a diverse base of borrowers and investors by consolidating the back-end processes of NHTCDF and ICE.

Responsibilities:

Administration and servicing of loan funds:
• Collect and maintain loan files;
• Maintain loan management and servicing database software systems;
• Manage disbursements, outgoing payments, borrower invoicing and receipt of loan payments;
• Help collect lending data and assist with various lending reports;
• Provide backup packages to NHT’s Finance Team for lending related transactions;

Investor administration:
• Collect and maintain all investor accounts and transaction records;
• Administer investor interest payments, maturities, renewals and other communications;
• Assist with reporting packages for institutional investors;
• Provide backup packages to NHT’s Finance Team for investor related transactions;
• Coordinate annual state registrations of ICE’s Prospectus-based note;

Requirements:

• Commitment to NHT’s mission, including a deep dedication to assisting low income families create
and access opportunities to thrive;
• Strong quantitative skills;
• A demonstrated aptitude for learning software systems and carrying out data entry;
• Demonstrated capacity to engage in a team-structured organization;
• Ongoing skill development and comfort with system change;
• Ability to act professionally at all times and safeguard customer confidentiality;
• Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs (with a focus on Excel);
• Detail-oriented, entrepreneurial self-starter who relishes multitasking;
• Excellent interpersonal, organizational and communications skills, including both verbal and written skills;
• Excellent planning and organization skills;
• Ability to integrate thoroughness and attention to detail with a big picture, strategic vision.
• Resourcefulness, with the ability to deliver results in an entrepreneurial, dynamic environment;
• Experience working with diverse and low-income populations;
• Collaborative spirit and positive attitude (a good sense of humor is a plus);
• Bachelor’s degree required.

Compensation:

The annual salary for this position is $55,000. NHT provides a comprehensive benefits package.

How to Apply:

Submit resume and cover letter to hr@nhtinc.org. Please write "Loan Fund Administrator Application" in the subject line of the email. No phone calls.
NHT is an equal opportunity employer.

Associate, Impact Assessment Y Analytics
Washington, D.C., DC
Job Function: Other
Posted: November 25, 2019

Background:

About Y Analytics

Y Analytics’ mission is to increase the amount and effectiveness of capital allocation for the greater good, as described in the UN Sustainable Development Goals, by increasing trust in the social and environmental impact achieved by that capital. Y Analytics enables greater use of evidence in capital allocation decision making and rigorous methodologies to value impact. Y Analytics is an independent organization launched in parallel to the Rise Fund (https://therisefund.com/). The Rise Fund was founded in 2016 by TPG in partnership with Bono and Jeff Skoll, and invests in companies driving measurable social and environmental impact alongside business performance and strong returns. With $4 billion under management, The Rise Fund platform is committed to rigorous impact underwriting as well as financial performance. It bases this underwriting on evidentiary research and economic valuation. This research and methodology form the starting point for Y Analytics, which is in the process of growing the research and valuation engines, and expanding the types of investments valued and array of capital allocators served. One of the core principles of Y Analytics is that transformational change occurs by working side-by-side with people on real decisions – Y Analytics is a working organization, not a think tank.

Position Summary:

Key Relationships

Reports To: Senior Director of Impact Solutions

Other Key Relationships: Chief Executive Officer, Chief Economist, Managing Director of Client & Product Development, clients and other stakeholders

Responsibilities:

Primary Responsibilities

The Associate will be responsible for driving Y Analytics’ impact assessment with a team of peers. His or her primary responsibilities will include:

  • Working with capital allocators of all types to determine the impact efficiency of their investments and developing the tools required to enable better impact decision-making on investments. This work will entail partnering with investors on impact across the entire life cycle of deals – from initial fund strategy, to exit support. For example, associates will examine questions such as “What is the value of the net impact of a company that purchases milk from smallholder farmers in ways that ensure steadier streams of income, veterinary care for cows, etc.?” or “What is the net impact of delivering cataracts treatments in a drop form that does away with the need for surgery?”
  • Working with Y Analytics leadership to expand the suite of impact assessment methodologies. This is core to Y Analytics’ strategy to direct capital where the greatest impact can be achieved. Y Analytics Associates might contribute to expanding the methodology to asset classes such as public equities, public debt, venture capital and catalytic capital.
  • Taking the lead on elements of other special projects and/or functional roles. The Associate will be a core member of a quickly growing team and should bring an entrepreneurial mindset to his or her work, with the goal of advancing Y Analytics’ mission. He or she will help shape the culture and operations of the organization. Example functional roles held by Associates in the past include: client/sector leadership, communications strategy & execution, and knowledge/database management.

Requirements:

Eligibility:

2 or more years’ work experience, ideally in development finance, traditional finance or consulting. Must be authorized to work in the U.S.

Ideal Experience

  • 2+ years of work experience, ideally in development finance, traditional finance or consulting
  • Experience creating/driving complex quantitative models and performing data analytics, with an aptitude to quickly get familiar and iterate on impact valuation models and research/company data
  • Demonstrated ability to quickly identify key drivers and sensitivities in quantitative analyses, synthesize findings in presentations and written documents, and communicate these to senior leadership and clients
  • Experience conducting, interrogating, interpreting, or applying third-party academic research is a plus
  • International experience, including exposure to developing countries, is a plus

Critical Competencies for Success

The ideal candidate:

  • Is committed to Y Analytics’ mission to improve the future of humanity and our planet through effective capital allocation for the greater good.
  • Has exceptional quantitative analytics capabilities.
  • Is a highly creative problem solver, who enjoys structuring a problem, interrogating research, and rapidly translating learnings into meaningful outputs to inform live decisions.
  • Has an entrepreneurial drive to help build new standards for an industry.
  • Is fully capable of engaging with senior clients in professional settings.
  • Has a strong sense of ownership for delivering high quality outputs to clients.
  • Thrives in start-up/high energy team environments, where everyone can and should take initiative to build beyond what is called for in a narrow action plan.

Other Personal Characteristics

  • Positive and solutions-oriented attitude, with a drive for excellence
  • A strong team player who is collaborative, and who listens to and values others’ opinions Commitment to fairness and ethical behavior; values and treats others with respect
  • Awareness of and sensitivity to cultural differences; values diversity and its importance to an organization’s performance
  • A sense of humility and humor
  • Ability to travel infrequently if needed, both domestically and internationally

Learn More

Compensation:

TBD

How to Apply:

Application Instructions:

In lieu of a cover letter, please prepare written responses to the questions below. Please send your responses along with your resume to Jobs@YAnalytics.org. Write in the subject line: “Last Name, First Name – Associate Application (OFN)”.

Application Questions:

Please limit responses to a single page total:

  1. How would you go about conducting a market scan for an industry about which you have little prior knowledge?
  2. What steps would you take to estimate the health benefits of drastically reducing the cost of a life-saving drug?
  3. Imagine you are trying to quantify the potential impact of a microcredit company in a particular country. You have found 3 sources with 3 different estimates covering the same time period. What would you do?

Small Business Loan Officer Washington Area Community Investment Fund
Washington, DC
Job Function: Lending/Loan Operations
Posted: November 22, 2019

Background:

Established in 1987, the Washington Area Community Investment Fund’s mission is to increase equity and economic opportunity in underserved communities in the Washington, DC area by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs. Our mission is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity, and is fulfilled by providing access to capital products and services, and capacity building technical assistance to low- and moderate-income entrepreneurs.

Position Summary:

The Washington Area Community Investment Fund (Wacif) seeks to fill the full-time position of Small Business Loan Officer, which will be responsible for identifying, acquiring, and expanding lending opportunities in target markets with a focus on providing loan financing and technical assistance to small businesses and nonprofit organizations. The Small Business Loan Officer will analyze, structure, and negotiate credit requests. In addition, the Small Business Loan Officer will work closely with borrowers and key stakeholders to find solutions, effectively manage the loan process from origination through closing, and actively manage the borrower relationship throughout the term of the loan.

Responsibilities:

Marketing/Outreach
- Conduct proactive outreach to target underserved markets and communities to cultivate new lending opportunities.
- Respond to referrals (internal and external) in a timely, professional manner.
- Promote Wacif loan services and products and business services resources to prospective borrowers, community organizations, and other community partners.
- Represent Wacif in public forums, facilitate community outreach efforts, and other activities that promote lending activities.

Loan Origination
- Gather data necessary about clients and businesses to ensure that an informed decision is made.
- Analyze and verify borrower loan application to determine creditworthiness and probability of repayment.
- Provide guidance to prospective borrowers on loan products and specific requirements associated with each loan product.

Underwriting
- Conduct a comprehensive industry and financial analysis and risk assessment and to determine appropriate loan terms and repayment schedule.
- Insure loan requests comply with loan underwriting, product and program policies and procedures.
- Prepare and submit credit memorandums to Director of Lending and/or loan committee for approval.
- Assist with loan closing functions, including preparation of loan documents in consultation with appropriate staff members and legal counsel.

Portfolio Management
- Maintain accurate files of current borrower.
- Actively monitor borrower’s financial and organizational health, recommend action and restructure loans when necessary.
- Work closely with loan collections staff to contact borrowers with delinquent loan accounts to help them find a method of repayment in order to avoid their defaulting on the loan.
- Assist with impact data collection and reporting on borrowers.

Other Duties As Assigned
- Provide business consulting services/technical assistance to improve the financial capacity of prospective applicants and existing borrowers.
- Prepare internal and external reports as required for executive management and Board of Directors.
- Support Director of Lending and executive team on various projects and assignments.

Requirements:

Bachelor’s degree from an accredited institution required.
Minimum of 2-5 years of lending experience required; formal credit training is a plus.
Small business lending experience, preferred.
Prior work-related experience and knowledge of community development lending, Small Business Administration (SBA) loans, as well as traditional and alternative loan programs is beneficial.
Prior related work experience in the non-profit and/or public sectors preferred.
Strong financial skills and ability to develop and interpret financial statements applied to business accounting and finance principles are required.
Hands on experience working with small business owners is a plus
Excellent verbal, written, and interpersonal communication skills.
Must possess the ability to meet performance goals.
Ability to say ‘no’ when appropriate.
Detail–oriented individual, and ability to work independently and with a team.
Fluency in MS Office suite (Excel, Word, PowerPoint), and superior analytical skills are required.
Occasional evening and weekend hours may be required.
Bilingual (English/Spanish) a plus.

Compensation:

Competitive salary commensurate with experience. Medical, Dental, Vision, Life & Disability coverage available. Retirement plan (some employer contribution & matching); paid vacation (increased with tenure), holiday and sick leave days.

How to Apply:

Interested candidates should email a resume/CV, thoughtful cover letter that outlines how your skills and experience meet the qualifications of the position, and salary requirements to opportunity@wacif.org with “Small Business Loan Officer” in the subject line.

Wacif is an equal opportunity employer and welcomes candidates from diverse backgrounds.

We thank all those who apply, but only shortlisted candidates will be contacted.

No calls please. Telephone inquiries will not be accepted.

Development Manager Washington Area Community Investment Fund
Washington, DC
Job Function: Business Development
Posted: November 22, 2019

Background:

About the Washington Area Community Investment Fund (Wacif)

Established in 1987, the Washington Area Community Investment Fund’s mission is to increase equity and economic opportunity in underserved communities in the Washington, DC area by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs. Our mission is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity, and is fulfilled by providing access to capital products and services, and capacity building technical assistance to low- and moderate-income entrepreneurs. Wacif is a nonprofit Community Development Financial Institution (CDFI), and over the past seven years has closed nearly 130 loans totaling $8 million, assisted over 2,000 entrepreneurs with small business coaching and technical assistance, resulting in over 300 local jobs created or retained.

Position Summary:

The Washington Area Community Investment Fund (Wacif) seeks to fill the full-time position Development Manager, which will be responsible for identifying funding opportunities; developing capture strategies and tactics; leading the production and writing of winning proposals; and, supporting the development of engagement opportunities to include written content development and event design.

Responsibilities:

Opportunity Identification/Market Research

- Lead the organization’s efforts to understand the full range of funding opportunities to include philanthropic, corporate, individual, institutional, and other opportunities
- Develop and execute a strategic, coherent process for including internal and external stakeholders – to include staff, Board, and others as appropriate – in market analysis and opportunity triage activities
- Develop and implement a strategic, comprehensive approach to opportunity prioritization and decision-making related to the pursuit or non-pursuit of specific opportunities
- Lead the development of market analytics, helping Wacif quantify its total addressable market and establish realistic revenue scenarios and year-ahead development planning
- Facilitate the team’s identification of emerging trends aligned with Wacif strengths and community need
- Build staff awareness of key market opportunities and solicit their expertise on capture strategies

Proposal Management and Development
- Lead the development and management of a rational and collaborative process that results in the submission of timely, winning proposals, including:
- Leading the kickoff of proposal development efforts;
- Reading funding solicitations in detail and developing proposal outlines;
- Making and managing staff assignments as relates to proposal input development, specifically gathering program and budget design inputs from internal and external partners and refining them into final text;
- Leading proposal review sessions, capturing and reflecting staff feedback;
- Packaging supporting documentation in collaboration with internal partners; and,
- Ultimately submitting proposals ahead of posted deadlines and monitoring their status.
- Identify opportunities to re-purpose proposal inputs for strategic communications, in support of opportunity capture

Internal Analytics and Forecasting
- Develop and maintain organizational infrastructure related to internal development analytics, including:
- Maintaining Wacif’s development pipeline, including specific data elements related to current and upcoming opportunities, including but not limited to opportunity status, partner, funder, timing, and next steps; and,
- Facilitating recurring leadership team sessions to: review funding forecasts, discuss funding scenarios, model fundraising targets, and key capture next steps
- Contribute to and facilitate Board discussions related to development

Capture Strategy Development and Implementation
- Collaborate across the organization and within the Development and Communications team to develop opportunity-specific capture strategies and tactics
- Support the planning and implementation of related marketing and engagement tactics, including meeting and relationship development with strategic organizations and points of contact
- Identify industry and other events at which Wacif should have presence, and support the design and implementation of Wacif tactics at those events
- Identify opportunities to increase support from existing partners

Strategic Marketing and Communication
- Support the development of content that positions Wacif for priority opportunities
- Support the development and implementation of engagement opportunities, including events
- Author and edit written content, including blogs, reports, brochures, and powerpoints
- Collaborate within the Development and Communications team and across the organization to ensure that the editorial calendar includes content that supports opportunity capture efforts.

Requirements:

Strong time management skills with ability to plan, coordinate, organize, prioritize and simultaneously implement multiple projects
At least 5 years of previous fundraising and development experience, ideally including public and private sector opportunities
At least 2 years of experience writing and developing proposals
Proficiency in MS Office suite (Excel, Word, Outlook and PowerPoint)
Outstanding written and oral communications skills
Experience handling confidential information with high level of discretion
A high level of motivation, initiative and attention to detail demonstrated by the proactive inclination to take on projects without being asked
A friendly, collegial personality with compulsive integrity and a well-conditioned sense of humor
Interest in and commitment to Wacif’s mission of working with low- and moderate-income individuals and underserved communities.

Compensation:

Competitive salary commensurate with experience. Medical, Dental, Vision, Life & Disability coverage available. Retirement plan (employer contribution & matching); transportation benefits, paid vacation (increased with tenure), holiday and sick leave days.

How to Apply:

Please send a resume and cover letter to Opportunity@wacif.org.

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