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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.

Director of Lending IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: October 11, 2018

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.

Position Summary:

The Director of Lending provides leadership and management of all regional lending activities. The significant focus of the Director will be the Chicago metropolitan area, but the region also includes Central Illinois and Northwest Indiana. The Director will provide input for and execute regional business development and sales activities derived from IFF’s regional marketing strategy. He/she is responsible for setting regional lending goals, sourcing, underwriting and closing loans to target market borrowers and monitoring and maintaining relationships with key borrowers. The Director assists the Managing Director of Lending to develop and maintain visibility and relationships with nonprofits and relevant government, association networks, and others to promote IFF. The Director will also work with the Executive Director – Chicago to implement sales and network activities. He/she reports on office impact.

Responsibilities:

1. Primary borrower relationship manager for regional lending activities. Provides leadership and management of the loan process to set and meet lending goals, including loan origination and sales, underwriting, analysis, preparation of recommendations to Internal Credit Committee and Loan Task Force, facilitating with the Closing and Portfolio Management team loan closings and loan monitoring.

a. Screens projects for alignment with IFF and department goals. Evaluates loan requests including assessment of agency's management, financial condition and financial projections, project and operating plans, potential risks and other relevant data to support a recommendation of whether to make the loan. Follows up as necessary with the agency and others to obtain additional information.

b. Coordinating as necessary with the Loan Program Manager, underwrites, structures, packages and presents loan recommendations for approval to loan committees. Documents terms and conditions and issues commitment letter.

c. Establishes closing requirements and works with IFF Closing and Portfolio Management team, borrowing agency, and others as necessary to complete required documentation and close loans.

d. Identifies opportunities and fields inquiries for charter school, housing and other specialized loan programs or products and facilitates the handoff to the appropriate IFF loan staff.

e. Provides oversight for other loan staff including support on complex transactions.

f. Works with the Closing and Portfolio Management team to support post-close monitoring including customer check-ins or site visits as required. Coordinates customer relationship management with Closing and Portfolio Management and supports effective relationship communications. Identifies potential problems and supports Closing and Portfolio Management work with borrowing agency to minimize late payments. As needed, works with Closing and Portfolio Management to negotiate and follow up on restructures or workouts.

g. In coordination with the Managing Director of Lending, develops and administers the regional lending budget, and reports regional, business development and lending activities to the Chicago office. Works with the Senior Vice President of Capital Solutions and the Managing Director of Lending to develop regional lending goals.

h. Maintains accurate and complete records on regional borrowers and prospects in CRM to ensure that information on all aspects of the loan program is readily available. As required, provides information on lending activity, impact, and performance.

i. Provides recommendations on new and improved lending programs, policies and procedures; marketing materials; application forms; tracking procedures; and general communications; in particular guidance leading to the success of the loan program.

2. Leads loan business development efforts in region to build and maintain a strong loan pipeline. Works with Corporate Communications and Public Affairs department (CCPA), as well as with the Executive Director – Chicago, to develop a marketing plan and implement appropriate marketing, business development and sales activities consistent with the plan.

a. Follows up in a timely manner with inquiries provided through telephone calls or meetings.

b. Develops and pursues business leads from existing network of customers, contact with agencies and market influencers, community leaders and funders and follows up with generated leads.

c. Conducts presentations or Business Targeted Workshops for regional clients as arranged and scheduled with CCPA.

3. Coordinates with other IFF departments to support overall IFF goals, programs and visibility. Works with staff to support and coordinate implementation of special IFF initiatives or research in the region.

4. Maintains required job knowledge and skills and core professional competencies. Attend and participate in required educational programs and staff meetings.

5. Performs other duties as assigned.

Performance Measures:

1. Achievement of department lending and program goals in region.

2. High level of customer satisfaction with IFF products and services.

3. Leadership in maintaining IFF’s role as a full partner to the nonprofit sector.

4. Complete, accurate, timely, and thoughtful analysis for full understanding of underwriting and lending issues on all loan applications, and portfolio and risk assessment reports.

5. Identifies and recommends solutions to issues and problems relating to loan program implementation and role of IFF throughout the region.

6. Full participation and cooperation with CCPA staff and implementation of CCPA/Loan shared procedures. Increase in regional business development network.

7. Full participation and cooperation with Community Strategies, Real Estate Services and other IFF divisions to support implementation of RES work, special initiatives or other IFF business objectives.

Requirements:

Education: MBA or MA strongly preferred, preferably in business, accounting, finance, community development, or urban planning. A Bachelor’s degree plus five years additional relevant experience may substitute for an advanced degree.

Previous Experience: Minimum of ten years of experience in banking, commercial mortgage lending, real estate and community development, or nonprofit management required with a track record of growth and increasing responsibility. Experience in marketing financial programs required. Demonstrated competence in commercial real estate lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures. Strong knowledge of Midwest region.

Special Knowledge & Skills:

1. Knowledge of community development principles and real estate finance and development.

2. Familiarity with construction and lending practices and terminology.

3. Good interpersonal skills; high level written and oral communication and presentation skills, experience in formal presentations.

4. Proficient computer software user, including spreadsheets and databases.

5. Thorough understanding of nonprofit financial statements.

6. Ability to think creatively about problems.

7. Ability to work in and with all communities in the region.

8. Ability to represent the interests of IFF and the department at all levels of government and with community and civic leadership.

9. Network of contacts with nonprofit agencies or leaders a plus.

Unusual Requirements: Regular travel throughout the assigned region. Occasional evening and weekend work; able to inspect active construction project sites.

Compensation:

Compensation Package to be discussed at time of interview

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with “Director of Lending – Illinois and Northwest Indiana” in the subject line.

Cooperative Business Support and Outreach Officer Cooperative Fund of New England
Amherst, MA
Job Function: Business Development
Posted: October 10, 2018

Background:

The Cooperative Fund of New England (CFNE) is a community development loan fund that bridges socially responsible investors and cooperatives, worker-owned businesses, and community oriented nonprofits, in New England (and parts of New York). Since 1975, CFNE has made more than 930 loans to community based groups, created or retained scores of jobs and housing units, and no investor has lost any money.

Position Summary:

CFNE is hiring. We are looking for a multilingual Cooperative Business Support Officer (CBSO) who will manage CFNE’s business support services to its prospective, applicant, and borrowing co-ops as well as create and maintain systems to track and ensure the quality of CFNE and partner provided technical assistance (TA).

Responsibilities:

Technical Assistance includes business planning, loan readiness aid, and project feasibility analysis. The CBSO will also support underwriting and outreach activities, especially to those needing Spanish language service. The new hire will support various in-house projects related to bookkeeping, compliance, and loan servicing.

Requirements:

The position requires bilingual, bi-cultural skills in Spanish and English. The CBSO could work from a home office in southern New England (preferably Worcester, MA or Providence, RI).

Compensation:

Contact us for a job description, describing more detailed responsibilities and requirements.

How to Apply:

Contact dorian@coopfund.coop

Content Developer NCCLF
San Francisco , CA
Job Function: Other
Posted: October 9, 2018

Background:

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, Northern California Community Loan Fund (NCCLF) provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.

NCCLF promotes diversity and equal opportunity in the workplace and believes it is important for the continuing success of the Fund. In accordance with state and federal law, NCCLF will not discriminate against an employee or applicant due to race, disability, color, creed, religion, sex, age, national origin, ancestry, citizenship, veteran status, gender identity, sexual orientation, weight or height or other protected categories in hiring, promoting, demoting, training, benefits, transfers, layoffs, terminations, recommendations, rates of pay or other forms of compensation. Opportunity is provided to all employees based on qualifications and job performance.

Position Summary:

The Content Developer will be a member of NCCLF’s Development & Communications team which supports our lending, consulting, and strategic initiatives program teams, as well as the administration and operations activities, by ensuring that they are adequately resourced and supported in achieving their communications and marketing goals. Our staff are recognized for their expertise in equitable community development, finance, real estate, and public policy. The department works closely with staff to align their desired outcomes with the most appropriate messaging and platform distribution possible. This is a high-paced and creative department that manages a large institutional giving portfolio, produces events throughout the year, manages individual and institutional investors, oversees a variety of communications platforms, and is deeply committed to excellent planning, strategy, and best practices.

For more information on our history, programs, and services, please visit our website at www.ncclf.org

Position Summary:
NCCLF has a growing presence in financing equitable community development projects and providing consulting services that address nonprofit real estate and financial needs. Our work ranges from underwriting working capital loans for nonprofits, affordable housing development financing, New Markets Tax Credits work, food equity and access efforts, and other areas. We work with a wide range of entities and within regions throughout Northern and Central California. This position is responsible for working with leadership and staff to thoughtfully develop content for a range of platforms, publications, and presentations.

Hours and Location
Full-time; 40-hours per week
Some nights and weekend work may be required
This position is based in NCCLF’s San Francisco office, with some regional travel required

Responsibilities:

Primary Responsibilities
The Content Developer will work with NCCLF’s Director of Development & Communication and Senior Communications Associate to perform writing and editing assignments as a key member of the Development & Communications team, including writing and editing content for press releases, media alerts, blogs, speeches, Op-Eds, letters to the editor, human interest stories, key messages, talking points and video scripts. The right candidate must grow intimately familiar with NCCLF’s work and help interpret it for various target audiences, including the general public. They will also be required to research and generate content for ncclf.org, spacesforgood.org, cafreshworks.com, cafisheriesfund.org and social media, as well as presentations and info-graphics. They must have the ability to adapt tone and content for various audiences, provide advice on graphic content, help to develop concepts for written materials that may be needed and consult with others to provide guidance on writing priorities.
The Content Developer will work with the Senior Communications Associate on content development for NCCLF’s annual report and other publications, including developing thematic concepts, gathering and coordinating the development of content and working with consultants and vendors supporting the project.
The Content Developer will help manage NCCLF’s Brand Support function to ensure that materials are consistent, convey NCCLF’s brand in a unified way, and comply with brand standards and style guidelines. They may be called upon to research, write and edit internal or external publications, white papers, brochures and other collateral materials. They must have a strong writing style, ability to adapt tone and level of difficulty for various audiences, provide advice on graphic content, help to develop concepts for written materials that may be needed and consult with others to provide guidance on writing priorities.
A much smaller percentage of this position will also work with the Development Associate to support our data needs around communication activities, including some data management and reporting.

Relationships
The Content Developer is a key member of a five-person Development & Communications Department, will work closely with the Senior Communications Associate, and reports to the Director of Development & Communications.

Requirements:

Minimum Requirements
Bachelor Degree
A minimum of 3 years experience in journalism, public relations, marketing, or similar experience
Demonstrated excellent written and verbal communications skills
Ability to create content and meet deadlines in a high-paced environment while managing multiple priorities
Understanding of the wide ranging community development environment in both urban and rural areas of Northern and Central California

Desired Qualifications, Skills & Experience:
Understanding of issues of economic and racial equity in the food industry, affordable housing development, and/or other areas of economic development
Personal and/or professional experience in NCCLF’s region and areas of business

Compensation:

Compensation and Benefits:
Salary is $60k - $70k, plus an excellent benefits package including health, dental, retirement plan and three weeks of vacation.

How to Apply:

To Apply:
Send résumé and cover letter and two writing samples you consider relevant based on the description to:
Northern California Community Loan Fund
Attn: HR
870 Market Street, Suite 677
San Francisco, California 94102

OR
fax to 415-392-8216

OR
email to hr@ncclf.org with “Content Developer” in subject line

Application Deadline: Open Until Filled

New Markets Tax Credit Program Manager CDFI Fund
Washington, DC
Job Function: Investment
Posted: October 9, 2018

Background:

The mission of the CDFI Fund is to promote access to capital and enable locally based organizations to further economic growth and community development in urban and rural low-income communities. The New Market’s Tax Credit Program is designed to attract private investment to businesses in low-income communities or businesses that are owned by, employ, or serve targeted populations by permitting investors to receive a tax credit for making equity investments in Community Development Entities.

Position Summary:

New Markets Tax Credit (NMTC) Program Manager at the CDFI Fund: Announcement Number 18-DO-465-P

Responsibilities:

As the New Markets Tax Credit (NMTC) Program Manager, you will:
Establish, implement and ensure compliance with policies and procedures governing awards, terms and conditions for funding investment, and compliance determinations;
Perform award reviews and provide funding concurrence and/or recommendations for award justifications based on considerations such as quality, consistency and adherence to policies, procedures and applicable OMB and other Federal regulations;
Contribute to the development and implementation of the Fund's strategic plan and performance indicators. This includes setting and communicating organizational goals; establishing operational plans with outcomes and milestones; determining priorities; and monitoring, measuring and reporting on the performance of staff, workgroups and business unit;
Coach, train and supervise Associate Program Managers (APM) and staff in order to ensure consistent, high quality performance and timely responses;
Build internal and external partnerships and coalitions. This includes maintaining collaborative efforts between the Fund and others in order to share knowledge, promote informed decision making, and leverage the resources of the Fund.

Requirements:

Specialized experience for this position includes:
Experience overseeing the work of others in performing financial analysis and evaluation work of the financial and management structure, operations and practices of certified community development finance entities; AND
Experience with the development and execution of policies, procedures and risk plans for implementation of programs related to certified community development finance entities; AND
Experience evaluating program or organizational effectiveness of business processes of certified community development finance entities.

See link to application questions: https://careerconnector.jobs.treas.gov/cc/vacancy/previewVacancyQuestion...

Compensation:

Grade 15: $134,789 to $164,200 per year

How to Apply:

See link for USAJobs website. https://www.usajobs.gov/GetJob/ViewDetails/512546300#how-to-apply

Senior Program Manager CSH
New York, NY
Job Function: Project Management
Posted: October 5, 2018

Background:

Who we are:For over 25 years, CSH has been a game-changer for the most vulnerable people in our country:

- Helping communities create 200,000 homes for individuals and families who did not have one;
- Bringing hope to thousands who thought they would live on the streets or reside in institutions forever;
- Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps;

Not only has CSH proven supportive housing works and changes the lives of individuals facing acute disabilities, complex medical and mental conditions, substance use disorders and economic barriers, we have done so while creating a family of nationally recognized experts who stay committed to our organization and mission throughout their careers. We attract talented professionals, offer competitive salaries with benefits, generous family leave and PTO, and fully embrace the philosophy that a sustainable work-life balance is desirable and achievable. With the aim of attracting good people who possess the confidence and drive to get the job done, CSH is now accepting applications for a Senior Program Manager to work with our Metro Team.

Position Summary:

CSH is seeking an enthusiastic, results-oriented individual who has a passion for the CSH mission and possesses the leadership and management skills necessary to advance our work. You should have project management skills and understand the nature of working with fee-for-service contracts and be able to manage workload and project deliverables within a specific time frame. You will deliver technical assistance through consulting contracts to support our local offices and work in areas where CSH does not have an office presence. Projects focus on engaging systems and communities, aligning resources to create new supportive housing, and ensuring quality services and operations.

CSH is seeking a professional strong in project management, setting priorities and who works well independently within a multi-disciplinary team environment. If you demonstrate these skills and have experience with housing and service models for vulnerable populations, CSH needs you.

Location
Metro Team:
The Metro Team consists of five staff within CSH’s Eastern Region and consists of PA, NJ and NY. Reporting to the Metro Team Director, the Senior Program Manager may work remotely in the region or may work out of our office in Manhattan.

Responsibilities:

• Deliver in-person and virtual technical assistance; trainings and/or webinars on technical aspects of supportive housing, such as financing, operations, and/or service delivery.
• Act as project manager for contracts and/or grants, ensuring clearly defined team roles, on time and on-budget deliverables, and delivery of quality products. CSH expects project managers to foster a work environment based on quality teamwork, mutual accountability, and high quality performance.
• Provide system transformation technical assistance, analysis, and support to healthcare and government partnerships working to coordinate with homeless, criminal justice, family and youth, veterans, and supportive housing providers.
• Establish and maintain high quality relationships and partnerships with key funders, community stakeholders, particularly with staff from city and state agencies, the Continuum of Care, managed care organizations, community-based supportive housing providers and non-profit and for-profit housing developers who are the recipients of CSH technical assistance.
• Participate on and contribute to project teams as assigned. Tasks may include the coordination of and participation in technical assistance visits; drafting reports, policy guidance, fund development, and other documents and resources; and training design, development, delivery, and evaluation – as well as supporting staff engaged in such activities.
• Support budget development and monitoring, working closely with the Metro Team Director and CSH finance team.
• Represent CSH effectively at external events, ensuring CSH’s interests and reputation are maintained.
• Participate in regional planning and operations discussions and activities.
• Frequent travel in the tristate region, as well as occasional national travel as required.
• Perform any other related duties or special projects locally, or in collaboration with regional and national teams as assigned by the supervisor.

Requirements:

All CSH staff share a common competency framework. These guide our approach and in turn, help us create value. CSH staff are adaptable, entrepreneurial, creative, flexible, and problem solvers. We are strategic thinkers with a sense of humor, persistence, and a commitment to treating others with respect.

• 5+ years of experience working in the field of supportive housing, affordable housing, healthcare, and/or community development.
• Bachelor’s degree; equivalent experience may substitute for education.
• Previous project management experience with demonstrated leadership and organizational skills and the ability to manage project teams, project budgets and deadlines.
• Knowledge and experience in providing technical assistance/consulting services to diverse stakeholders including government, and experience and familiarity with permanent housing and services models for vulnerable populations including chronically homeless.
• Experience with colleagues and external audiences and partners in the areas of public policy, systems change, housing development/operations, and/or the delivery of supportive services.
• Talent to take initiative to implement projects and pursue goals with moderate supervision.
• Strong analytical, interpersonal, presentation and written and verbal communication skills.
• Willing and able to travel at least 20% of the month, although travel schedule will vary based on assignments.

Compensation:

Commensurate with experience

How to Apply:

To Apply: Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover Letter and Salary Expectations as one Microsoft Word or PDF document.

https://csh.csod.com/ats/careersite/jobdetails.aspx?site=1&c=csh&id=82&S...

CSH is proud that it always has been and always will be an Equal Opportunity Employer.

Chief Executive Officer Kittleman & Associates
Chicago, IL
Job Function: Other
Posted: October 4, 2018

Background:

Metro Community Development (MCD) serves as the housing and community development intermediary in Flint and Genesee County, with a focus on providing technical and financial resources, creating public and private partnerships, and leading to the creation of stable neighborhoods and communities.

Position Summary:

MCD seeks a leader with a strong record of public service and business leadership and a vision of how MCD can continue to solidify its brand and impact on businesses and communities in Flint, and Genesee and surrounding counties. Because of its role as a community development financial institution and affiliate of NeighborWorks, MCD seeks a leader with a professional background in housing or property development, finance, banking, community development, public administration or related fields. He or she must have a deep appreciation for the unique challenges and opportunities in Flint, Genesee and surrounding communities and a commitment to building and supporting the assets of both the community at large as well as community residents at the individual level.

Responsibilities:

The ability to nurture an organizational culture grounded in a shared vision, vibrant in team work, supported by mutual respect and shared ownership, must be demonstrated. This person must have a sensitivity and commitment to the communities of Flint and Genesee County and the ability to model cultural humility along with a deep understanding of diversity for staff, board, and the community. He or she will have demonstrated the ability to lead a culture of high accountability while maintaining a calm demeanor, empathy and compassion. This person must be comfortable and effective in a variety of roles and settings, from negotiation and communication with funders and government officials to interactions with individuals in need of assistance.

Requirements:

MCD seeks a strategic thinker with strong financial acumen. Senior-level executive leadership experience in addressing organizational and service-delivery challenges, using strong analytical skills as well as good professional judgment and decisiveness, must be demonstrated. Vision and experience in creating impactful, market-based programming will be especially valued. The ideal candidate will demonstrate fundraising success through active solicitation of contributions from foundations and corporations and development of a supportive, diverse board of directors. A career history as a dynamic written and oral communicator and proven capabilities to establish and maintain a presence within the funding community are highly desirable.

A bachelor’s degree from a four-year accredited college or university is required; a master’s degree in business, finance, planning or community development is preferred.

Compensation:

Commensurate with experience

How to Apply:

To apply, please send a current resume and letter of introduction to Kittleman & Associates, LLC at https://www.kittlemansearch.com/news/current-searches/metro-community-de...

Construction Loan Administrator Nonprofit Finance Fund
New York, NY
Job Function: Lending/Loan Operations
Posted: September 27, 2018

Background:

What We Do:

NFF works toward a more just and vibrant society through:

Financing that invests in missions. Our customized financing strengthens hardworking nonprofits and social enterprises.

Consulting that empowers leaders. Our experts equip you to make financial decisions that best serve your mission.

Partnering on big problems. Service providers, funders, and investors turn to us for new ways to collaboratively support stronger, fairer communities.

Learning that helps illuminate paths to solving complex social issues. Sharing experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis – makes it easier.

Nonprofit Finance Fund® (NFF®) advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing that empower leaders, organizations, and ideas. A leading Community Development Financial Institution (CDFI), NFF currently manages over $315 million. Since 1980, we have provided almost $700 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide.

Position Summary:

The Financial Services team is seeking a Construction Loan Administrator. As a member of a close-working team of professionals dedicated to sourcing, underwriting, closing, and managing a portfolio of loans and New Markets Tax Credit investments to nonprofit organizations and social enterprises, primarily in the health, education, and human services sectors, the Construction Loan Administrator will be responsible for overseeing NFF’s national construction financing portfolio. The Construction Loan Administrator will direct all facets of construction loan and project review, including construction due diligence review, disbursement, and monitoring, commencing at loan origination and underwriting, and continuing through construction completion and loan repayment or conversion. The Construction Loan Administrator shall adhere to underwriting and portfolio management guidelines and processes, credit policies, and loan approval conditions, and implement and practice sound construction loan disbursement and risk mitigation strategies in order to prevent construction loan defaults and construction delays and overruns. The role requires strong technical knowledge of construction projects and facility financing, creative problem solving, and relationship and partnership development to succeed in mitigating construction risk at loan origination and maintaining the quality of the construction loan portfolio.

This is a national position to be located in one of NFF's five offices located in New York, Philadelphia, Boston, Oakland or Los Angeles. This position reports to the Director, Portfolio Management and receives general supervision from the Director, Portfolio Management and Vice President & Chief Credit Officer.

Responsibilities:

Pre-Closing Due Diligence and Project Analysis:
Review and comment on project budgets, construction and architect contracts, project team qualifications (including architect, general contractor and owner’s representative licenses, credentials and capacity), property surveys, leases, purchase and sale agreements and other due diligence items to ensure the adequacy of the pre-closing construction risk analysis.
Order and review third party reports, including plan and cost reviews and environmental reports, and discuss any pertinent issues with the appropriate parties.
Work with Underwriters and Business Development staff to identify and mitigate construction-related risks, and discuss concerns with and propose solutions with borrowers, partner lenders, internal risk managers, and other parties.
Construction Loan Closing Review:
Work with In-House Counsel, Underwriters and Portfolio Managers to review, negotiate and approve relevant construction loan documentation to ensure adherence with underwriting guidelines, credit policies and credit approval conditions, such as loan agreements, disbursement agreements, contractor and architect assignments and consents, escrow instructions, closing draw documentation, title insurance commitments, payment and performance bonds and insurance.
Track and collect project-related post-closing construction deliverables.
Post-Closing Construction Management:
Collect and carefully analyze all construction-related documentation on active construction projects, including budgets, sources and uses, requisitions, change order logs, AIA forms, lien waivers, soft cost invoices, title documentation, site inspection reports, and other documents required under the loan documents, and maintain appropriate electronic files.
Review draw requests, change order approval requests, and budget reallocation requests for completeness, accuracy and compliance with the loan documents and funding budgets.
Create and maintain individual construction loan spreadsheets with approved budgets, funding criteria, loan allocations, draws and requisitions, interest reserves, and construction timelines for all projects.
During construction, monitor insurance coverage, real estate tax payments and absence of liens to ensure clean title, sufficiency of funds, project completion and issuance of certificates of completion and occupancy.
Coordinate the timely funding of construction loan advances, including loan participations.
Work with Portfolio Managers to review draw period and conversion date extensions, exceptions, and other construction-related borrower requests in accordance with NFF’s credit policies and risk management guidelines.
Identify critical risks, deficiencies and project setbacks, and work with Portfolio Managers to communicate with borrowers, project managers, engineers/inspectors, partner lenders, and other parties to address any concerns and resolve issues.
Regularly interact with Portfolio Managers on construction loan status, and report to the Director, Portfolio Management and Vice President & Chief Credit Officer on pertinent construction loan risks and portfolio performance.
Risk Management – Recommend, design and implement workflow, process and system improvements to appropriately monitor and mitigate construction-related risks on individual loans and on a portfolio basis, while increasing the team’s efficiency. Develop and implement internal policies and guidelines on construction lending.
Communication – Communicate with clients, project managers, contractors, engineers/third party vendors, and partner lenders on construction-related matters. Communicate and coordinate with Portfolio Managers, Underwriters, Business Development and other team members on the construction loan and portfolio performance and new business opportunities.
Relationship Management and Technical Assistance – Working closely with Business Development, Underwriters and Portfolio Managers, communicate with clients to evaluate their construction plan, budget, financing, team, and progress. Develop appropriate solutions which meet client needs and protect NFF’s capital.
Training – Serve as a resource to NFF staff and provide training on construction loan policies, procedures, standards, administration and best practices.
Internal and External Relations – Maintain a culture of quality customer service at all points of contact with clients, colleagues, board and committee members, and other partners.
Reporting – Assist the Director of Portfolio Management in the collection and analysis of construction loan portfolio data for internal and external reporting.
Other Duties – Supports and contributes to a diverse range of Financial Service projects and initiatives.

Requirements:

Bachelor’s degree or equivalent experience required.
At least five years of direct commercial real estate loan closing, portfolio management and construction loan administration at a financial institution, such as a commercial bank or CDFI, or at least five years of direct construction project management and monitoring at a construction or engineering firm.
Strong technical expertise in construction projects and facility financing.
Excellent written and oral communications and interpersonal skills.
Strong project management, time-management, multi-tasking and organizational abilities.
Self-starter with the ability to work with limited supervision as well as collaborate with a close-knit group.
Ability to take initiative and focus on results.
Proficiency with Microsoft Office applications, including Word, Excel and PowerPoint.
Travel to local and out-of-state project sites to conduct site visits and attend construction inspections and meetings.

Specialized Knowledge/Beneficial Skills and Experience:

Understanding of the New Markets Tax Credit program.
Experience with Salesforce.
An openness to learning new skills and systems, with an entrepreneurial work ethic.
Demonstrated commitment to the nonprofit community.
Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor.

Compensation:

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

How to Apply:

Apply here: https://nonprofitfinancefund.applytojob.com/apply/Ps7usr0VtR/Constructio...

Executive Director, City First Enterprises City First Enterprises
Washington, DC
Job Function: Lending/Loan Operations
Posted: September 27, 2018

Background:

City First Enterprises (CFE) is an innovative, non-profit CDFI based in Washington, DC with a 25-year history of delivering capital and innovative services to underserved communities. CFE serves as the upper tier holding company for the City First family of companies, which includes City First Bank, our subsidiary CDFI bank with over $300 million in assets. The mission of CFE and the entire City First family is to promote equity and opportunity by providing increased access to responsible capital and complementary services to underserved communities with a goal of ensuring the long-term well-being and resilience of individuals, families and institutions. Once seeded, these assets have transformative repercussions that extend for generations.
We seek to accomplish this through the financing of housing, community facilities, small businesses and non-profit organizations. These financings, in turn, create opportunities for an affordable place to live, access to a quality education, a chance for work or training to support a family, the building of assets and equity, the availability of quality health care and healthy foods, access to recreation and the arts – all to improve the quality of life, health, vibrancy and resilience of individuals, families and communities. Collectively, the City First family has deployed over $1 billion in capital in DC and the surrounding region.

CFE operates City First’s non-profit Loan Fund, which works to source and deliver flexible and patient capital to support the most impactful projects, often prior to or in concert with lending from City First Bank. The Loan Fund works to support affordable housing, community facilities and small businesses, helping to catalyze key projects and “crowd in” capital from larger providers to support community development and deliver meaningful impact. CFE also operates City First Homes, our non-profit subsidiary focused on permanently affordable housing. City First Homes is a key partner in the effort to create the Douglass Community Land Trust in Anacostia.

Position Summary:

The Executive Director of CFE is responsible for providing strategic leadership by working with the Board and other management to establish long-range goals, develop and implement strategies, and execute existing and new initiatives to achieve impactful outcomes. The Executive Director represents the organization externally with partners, funders and other stakeholders, and internally, serves as the principal liaison with City First Bank. He/she is the key liaison between CFE, including the non-profit loan fund, and City First Bank. He/she provides leadership for the nonprofit loan fund, including business development and new product development activities, loan underwriting and general operations, input on loan policy, and guidance on loan structuring. He/she is also responsible to oversee the activities of City First Homes and works with the Director of Development to secure debt and grant/equity capital
to support growth, including directing CDFI Fund-related application and compliance activity. He/she is responsible for regulatory compliance for CFE as a bank holding company and serves as the principal point of contact for the Federal Reserve Bank.

Responsibilities:

Organizational Leadership
• Provide strategic direction and overall management for the CFE organization
• Serve as principal point of contact for CFE in support of Chairman and Board of Directors
• Lead program implementation across the CFE platform
• Direct senior staff in order to maintain efficiency and strong operating performance
• Manage relationship between CFE and City First Bank to maximize organizational productivity
Financial Management
• Oversee the financial management of the organization including budgets, financial reports and financial trends to guide and assist the Board and other senior executives performing their responsibilities;
• Plan, direct and evaluate the organization's finance function to support organizational performance and oversight;
• Direct the operations of the CFE Loan Fund, including supervising loan underwriting, servicing and ongoing portfolio management
• Approve loan disbursements, negotiate and approve key contracts and other large expenditures
Regulatory Risk Management
Lead regulatory compliance and manage relationship with Federal Reserve Bank
Growth and Development
• Maintain leadership and credibility throughout the organization and with the Board as an effective developer of solutions to business challenges.
• Lead effort to expand capitalization and deployment of loan fund, as well as to evaluate and develop alternative on or off-balance sheet solutions to support mission
• Oversee Director of Development in order to support growth and ensure alignment between capital raising initiatives and capabilities / strategic objectives
• Direct marketing and new business development efforts across the platform and in concert with City First Bank
• Serve as key contact for funders, investors, and other stakeholders

Requirements:

• Graduate degree in business, real estate development or other related field. Additional professional experience may substitute for an advanced degree;
• At least 5 years of executive-level management experience, including experience with a lending institution, experience working with government programs related to community development
• Recognized leadership skills and ability to lead an organization independently under strategic direction as well as the ability to champion new opportunities for growth
• Proven track record of raising private, public and foundation capital and operating support;
• Familiarity with and experience working with the CDFI Fund at the U.S. Department of the Treasury.
• Outstanding oral and written communication skills;
• Strong strategic planning and financial analytical capabilities;
• Highly energetic, entrepreneurial thinking with ability to innovate and execute to achieve goals;
• A collaborative personal style that works in partnership with others both internally and externally to identify opportunities, solve problems and maximize impact.

Compensation:

Compensation is competitive and commensurate with experience.

How to Apply:

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

Resource Development Specialist Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Grant Writer
Posted: September 27, 2018

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments. UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood.
UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over 1.1 billion in private capital, and has funded 100 small businesses.
In 2017, UMEZ became a recognized Community Development Financial Institution (CDFI) with over $80 million in assets. UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

Position Summary:

Summary: The Resource Development Specialist is responsible for supporting organizational efforts to strategically seek funding from corporations, banks, government sources, foundations and other philanthropic organizations to further UMEZ’s mission. In collaboration with Senior Management, this role will work with cross-functional teams to provide strategic insight, and specifically manage, execute, and write proposals which includes progress reporting and data base tracking.

Responsibilities:

Essential Duties and Responsibilities: Include the following and other duties may be assigned:

• Assist in developing and identifying new funding opportunities with corporations, foundations, banks and government sources by providing recommendations and briefings to the CEO
• Under the direction of the CEO, prepare letters of interest and grant proposals for funding opportunities
• Prepare funding reports, prospect research, tracking, and collecting necessary data for reporting purposes to funders; update tracking spreadsheet for funding, including deliverables to ensure timely fulfillment of funding requirements
• Prepare funding requests, overseeing proposal coordination, including research, grant writing and editing funding proposals
• Work with the Senior Management to coordinate information for proposals
• Supports strategic planning and proposal development phases working collaboratively with Senior Management
• Cultivate and maintain relationships with funders such as other funders, corporate, foundations and other philanthropic organizations

Requirements:

• Undergraduate degree in business or a related field
• Experience working with Community Development Financial Institution (CDFI) Industry
• 3-5 years in development experience
• Experience in financial management, Salesforce, capitalization, legal, program management or lending
• Ability to multitask, work independently and interdependently
• Must be able to engage in a tactful manner with colleagues, potential borrowers, and existing borrowers
• Strong interpersonal, written and oral communications skills
• Exceptional attention to detail
• Community residence and/or familiarity with Upper Manhattan community preferred

Compensation:

Will Commensurate with Experience

How to Apply:

Interested candidates should e-mail or mail a resume and cover letter to:

Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Resource Development Specialist

No Phone Calls or Faxes Please

Controller Civic Builders
New York, NY
Job Function: Accounting
Posted: September 26, 2018

Background:

Civic Builders sits at the nexus of community development and education. Dedicated to giving every child the chance to attend a great school, Civic Builders partners with the nation's best educators to finance and build public charter school buildings. We are an experienced team of real estate, finance, and development professionals dedicated to delivering inspirational educational facilities at affordable rates.

We are a highly entrepreneurial organization that is quickly growing and our dedicated and talented team has positioned us to:
● Invest more than $600M into low-income communities: we have developed a million square feet of real estate, representing 27 schools that serve over 13,000 students in the highest need neighborhoods, such as East Harlem, the South Bronx, Bedford-Stuyvesant, and Newark, NJ.
● Receive $118M of New Markets Tax Credits over four award rounds and access funding from the U.S. Department of Education.
● Partner with the Walton Family Foundation and Bank of America to launch an innovative $100M loan fund to provide low-interest capital, at an increased scale, to charter schools that are creating and expanding facilities.

Civic Builders believes that diversity, in all its forms, enriches society and our organization. Because we support students in the highest need neighborhoods, we have a particular charge to understand our schools and their communities. When our staff, board, and partners reflect, value, and embrace the voices and perspectives of those most impacted by what we do, we have a deeper understanding and connection to their needs and more effectively achieve our aspiration of improving lives, revitalizing communities, and helping children receive the education they deserve. To learn more about Civic Builders, please visit www.civicbuilders.org.

Position Summary:

Civic Builders is seeking an experienced Controller to lead all activities relating to internal accounting, budgeting and financial reporting. As a facility developer, Civic Builders is comprised of over two dozen entities and maintains several dozen bank accounts. In addition to managing complex facility construction projects that rely on varying sources of capital, Civic Builders owns and leases a number of school facilities to nonprofit charter school tenants. Within this context, the Controller’s responsibilities will include general ledger management, accounts payable, accounts receivable, budgeting and financial reporting, audits, tax filings, and lender obligations and reporting.

Responsibilities:

Finance and Accounting Management
• Lead internal budgeting, prepare forecasts and budget-to-actual reports with direct oversight Senior Accountant.
• Prepare internal and external financial reporting for senior leadership, Board of Directors and lenders, as well as periodic grant-related reports.
• Lead all internal accounting processes, including general ledger management, accounts payable and accounts receivable, as well as bank reconciliations, deposits and banking relationships.
- Process customer billing, including school facility development services and monthly rental invoices.
• Manage a large volume of lender reporting obligations including financials, certifications and insurance.
• Manage all financial audits and tax filings for all Civic Builders entities and assets.
• Support various reports and multiple transactions and needs of multiple stakeholders and the review the work of others.
• Manage payroll and support additional human resources and compliance related activities such as employee benefits, corporate- and project-level insurance coverage, and relationships with legal counsel.
Data Management Support with Stakeholders
• Support charter school construction projects with budgeting, forecasting, financing, and loan management
• Collaborate with Financial Services team on all financing agreements, lending agreements via Civic Builders’ new platform, and New Markets Tax Credits allocations and deployments.
• Support additional insurance and compliance related responsibilities as needed, such as corporate and project-level insurance coverages, review of leases and funding agreement, and relationships with legal counsel.
• Support construction projects with budgeting, forecasting, financing, and ongoing management of project loans, and will support the Financial Services team on all financing and lending agreements.
• Serve as a partner to the COO and CEO in managing the numerous audits and external reporting
• Work with auditors for the various external reporting including support of parent organizations subsidiaries and affiliates.

Requirements:

• 10+ years of professional experience in accounting, with specific experience working with nonprofits, or small businesses, and real estate
• Demonstrated ability to manage accounting transactions in a complex, multi-entity environment with numerous real estate assets
• Expertise in nonprofit and real estate accounting and audit principles
• Bachelor’s Degree in Accounting, Finance or related degree, CPA license desired and preferred
• Experience managing and preparing multiple financial statements
• Experience managing accounting for an org of similarly complex organizations
• Understands construction builder, lender, nonprofit accounting rules

Compensation:

$150-165K (all-in with bonus)

How to Apply:

Send resume to talentsearch@almaadvisorygroup.com

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