Industry Job Bank

  • Make an impact and join the opportunity finance field.

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

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

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

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

Senior Strategic Advisor Dri Fund
West Palm Beach, FL
Job Function: Other
Posted: April 5, 2018

Background:

DRI is an impact investment manager that is also a Community Development Financial Institution, certified in 2017. DRI was created with a goal of developing investment opportunities that create above-market rate returns and have a positive social impact. To that goal, we recently launched the DRI Mortgage Opportunity Fund with 50MM AUM dedicated to social impact investment.
 
DRI’s professionals have an extensive experience in mortgage loan investing and have generated a strong investment track record, while successfully promoting community development. DRI has an investment focus on affordable housing and financing, distressed loans and alternative lending with a social impact focus towards preventing foreclosure, stabilizing distressed neighborhoods, creating jobs & providing financing for underserved communities. Learn more at DRIFUND.COM

Position Summary:

We are looking for Senior Strategic Advisor to play a key role in the expansion of our CDFI. This community development professional should have deep experience and existing relationships within the CDFI community, business development, mortgage origination, and a track-record of working with community development programs both public and private. The ideal candidate is a highly-motivated community development and affordable housing professional with knowledge of the resources available to CDFIs who can guide our business expansion strategies, capital solutions, community development activities and operational growth while supporting our overall mission.

 

Responsibilities:

Capital Solutions

This person will collaborate with our capital raising team to build on our current business development efforts. They will identify, vet and develop scalable CDFI capital solutions, innovative programs, partnerships, financial instruments, and grant opportunities that align with our mission. This person should be able to easy navigate the industry make connections that drive growth.
 
Business Expansion

This person will work with the Senior Management Team to help design and implement business expansion strategies that scale mortgage origination efforts, mortgage banking platforms and plan for future growth in the LMI origination space. This person will also advise on talent recruitment and organizational development as it applies to the origination business.
 
Community Development

This person will work with the leadership team to expand our community development reach through partnerships and other methods of deploying capital within our mission to expand our asset base. This person will advise on investment/partnership structures with mission driven institutions.
 
Operations

This person will be the key driver in the operational, compliance and financial performance of the CDFI and the improvement of it’s operational performance. This person will be a liason for the CDFI and advise on matters of accountability, structure and compliance in regards to the organization's goals and strategies.

 

Requirements:

  • Minimum 15 years expertise in CDFIs and community development programs, non-profit lending, community development lending, affordable housing or community development finance.
  • Strong history of community development/LMI or non-profit mortgage lending and experience in the housing/affordable housing sector
  • Previous experience designing and implementing CDFI expansion strategies
  • Deep experience with business development and capital solutions
  • Strong communicator and relationship builder and analytical lender 
  • Bachelor’s degree required, Master’s degree in a related-field preferred
  • Proven track record of success within a mission-driven organization with references

 

Compensation:

DOE

How to Apply:

Send an email with your resume and cover letter to info@drifund.com with the subject: Senior Strategic Advisor

Chief Operations Officer Capital Good Fund
Providence, RI
Job Function: Other
Posted: April 5, 2018

Background:

Founded in 2009, Capital Good Fund is a social change organization whose mission is to provide equitable financial services that create pathways out of poverty. As a nonprofit, U.S. Treasury certified Community Development Financial Institution and member of the Opportunity Finance Network, we offer families living in poverty one-on-one financial and health coaching and personal loans from $300 to $25,000.

 

Position Summary:

The Chief Operating Officer (COO) is a core member of the Executive Team who reports directly to the CEO and serves as the deputy officer when he is not available.

Responsibilities:

The COO will perform a variety of duties, including, but not limited to:

  • Oversight, support and planning in the areas of financial coaching, loan origination, loan servicing, and information systems. 
  • Coordination of organizational strategy with Chief Executive Officer and Chief Financial Officer, including geographic expansion of services, additional program offerings or loan products, and significant development initiatives.
  • Close cooperation with the Systems team to develop and maintain information technology functions that support rapid organizational growth.
  • Management of all aspects of the main office in Providence, and support of satellite worksites, including in Miami and Sarasota, Florida.

 

Requirements:

About You:

We are looking for exceptional people. Good Fund employees are passionate, motivated and committed to using financial services to transform the lives of people living in poverty.
You must:

  • Be an excellent manager of people and programs
  • Have five or more years of relevant experience
  • Possess strong analytical skills, including proficiency with Microsoft Excel and the Google Suite of products
  • Be able to connect with and empathize with people of different backgrounds

Preferred Skills and Background:

  • Experience in financial services, business or economics
  • Experience in social work or social services
  • Fluency in spoken and written Spanish

Compensation:

Training and Compensation:

The Chief Operating Officer will receive extensive training on all of Good Fund’s programs and processes from the CEO and other team members. Such training may include several weeks of overlap with the outgoing COO for knowledge transfer.

This is a full-time, forty-hour-per-week position. The COO will earn an annualized base salary of $58,279. In addition, the COO will receive a competitive benefits package that includes a 401(k) plan with an employer match of 2%, medical insurance with a $300/month employer subsidy, dental insurance fully covered by employer, five paid sick days per benefit year, 15 paid personal days in the first year on staff, and the opportunity to apply for personal loans of up to $2,000 at 0% interest.

 

How to Apply:

Please send a one-page cover letter and accompanying resume to jobs@capitalgoodfund.org.

 

Manager, Community Development Lending NCCLF
San Francisco, CA
Job Function: Other
Posted: April 3, 2018

Background:

The Northern California Community Loan Fund (NCCLF) was founded in 1987 to create a socially responsible investment vehicle to provide capital and expertise to revitalize low-income communities.  NCCLF has grown into a $75 million intermediary nonprofit organization that provides loans, New Markets Tax Credits (NMTCs), consulting, and technical assistance. For more information on NCCLF programs and services, please visit our website at www.ncclf.org.

Position Summary:

NCCLF provides loans and New Markets Tax Credit (NMTC) financing to nonprofits, co-ops and other alternatively-structured enterprises, and food-related businesses throughout Northern and Central California.  Our borrowers use of our financing to develop affordable housing, build community facilities, create economic development projects, support access to healthy food, and strengthen their operations in order to make a difference in the lives of those who need help the most.  

The Manager, Community Development Lending plays a leading role in NCCLF’s lending and NMTC financing efforts.  The position’s primary responsibilities are to oversee the sourcing and underwriting of loan requests to NCCLF’s traditional client base (in contrast to food-related businesses) of nonprofits and mission-driven enterprises developing community facilities and affordable housing, engaging in economic development activities or making use of working capital to meet the needs of low-income communities and underserved populations. This position will supervise up to two loan officers and perhaps a support staffer.  The Manager will also have primary responsibility for underwriting loans that fall within the Manager’s area of expertise.  The Manager will also conduct business development by initiating and developing borrower relationships, and building a base of referral sources and strategic partnerships to advance NCCLF’s mission and impact.

The ideal candidate is a highly motivated, experienced lender with a background in community development finance, ideally focused on either nonprofit affordable housing or community facilities.  The Manager must possess excellent communication skills.  The ideal candidate will show strong capacity for leadership and day-to-day management, preferably demonstrated through prior supervisory experience.  The successful candidate must be a self-starter and must have the demonstrated ability to meet assigned goals successfully and on time.  Finally, the candidate should enjoy working in an active and expanding nonprofit and be able to thrive in a friendly, cooperative, and fast-paced environment.

Responsibilities:

Essential Duties and Responsibilities (75% of time)

  • Work with the Loan Officers and other originating parties to screen loan inquiries and structure loan requests.
  • Ensuring high-quality customer service by managing flow of applications and underwriting, overseeing loan hand-offs as needed and assigning loan requests to Loan Officers.
  • Underwrite loans as necessary.
  • Review and edit applicable credit memos and commitment letters prepared by loan officers.
  • Assist Chief Lending Officer in managing Loan Committee.
  • Represent NCCLF at community development events, present at workshops, etc.
  • Interface with relevant NCCLF collaborative housing initiatives, such as the Transit-Oriented Affordable Housing Fund (TOAH), San Francisco Small Sites Program, etc.
  • Work with Lending Department staff to identify and arrange training in underwriting skills, lending procedures and best practices, and to identify areas for process improvement.
  • Work with Lending Department leadership to develop and implement new products, borrower marketing strategy and campaigns.
  • Work with Lending Department leadership to prepare annual unit performance goals and budget.
  • Participate in quarterly loan monitoring meetings to maintain NCCLF’s core loan portfolio, currently at about $50 million.

Additional Duties and Responsibilities (25% of time)

  • For especially complex, large and/or time sensitive loans, provide support the Loan Administration Team on:
    • Negotiation and structuring of loan closings. 
    • Monitoring and borrower communication for higher risk loans.
  • Assist Lending Department leadership in maintaining or creating new loan policies.
  • Other duties as assigned, such as the implementation of NCCLF’s new strategic plan; assisting with funding applications; helping to resolve problem loans and workouts; training new staff, etc.

Requirements:

Minimum Requirements

  • Minimum seven years of loan underwriting experience at a CDFI, bank or other financial institution, preferably related to affordable housing development, commercial real estate, or New Markets Tax Credits.
  • Undergraduate degree in business, finance, economics, or other relevant field. Relevant work experience can be substituted for required education.
  • Excellent underwriting skills grounded in strong abilities to analyze financial statements, assess management and leadership, review collateral, interpret business and strategic plans, etc.   
  • Excellent interpersonal and written communication skills.
  • Proven ability to generate client leads and maintain business relationships.
  • Demonstrated strong leadership ability and capacity to manage staff.
  • Superior judgment and consistent attention to detail.
  • Excellent organizational skills, with a strong ability to work both independently and with a team, coordinate staff work teams, handle multiple priorities, and manage time efficiently.
  • Enthusiasm and a passionate commitment to work in community development.

Desired Qualifications, Skills and Experience

  • Working knowledge of the federal Low Income Housing Tax Credit program, the New Market Tax Credit program, and the CDFI Fund within the federal Treasury Department
  • Familiarity with economic and community needs of Northern and Central California. 
  • Understanding and professional experience with nonprofit finance, banking, and management best practices. 
  • Understanding of and experience with community development lending and funding sources.
  • At least three years of supervisory experience.
  • Familiarity with food-related lending and/or policy.
  • English/Spanish bilingual ability is a plus.

Relationships

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

Job Context

  • Position is pivotal to the success of the lending program and operates in a collaborative, cooperative, team environment.  Workload will vary requiring flexibility with time. 

Hours and Location

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

Compensation:

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

How to Apply:

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

To Apply:  Send resume and cover letter (Attn: Manager, Community Development Lending Search) via fax to 415-392-8216 or email to info@ncclf.org. Application Deadline: Open until filled.

Senior Credit Associate RSF Social Finance
San Francisco, CA
Job Function: Business Development
Posted: April 2, 2018

Background:

At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through integrated financial and philanthropic services that generate positive social and environmental impact while fostering community and collaboration among participants.

With a 33-year track record of deploying loans, grants, and other catalytic capital to social enterprises, RSF is recognized nationwide as a leader in the field of social finance. As an organization of fewer than 50 employees, RSF’s approach is to grow our team by adding one person at a time. In doing so, we identify and seek a particular set of skills and experience to meet specific organizational needs. At the same time, we seeking candidates who align with our mission and values.

Position Summary:

The Senior Credit Associate is responsible for underwriting commercial loans to non-profit and for-profit social entrepreneurs in the USA and Canada, as well as helping to manage RSF’s processes for underwriting and portfolio management. Primary duties include underwriting and obtaining credit approval for new and existing formula-based commercial loans in the portfolio, including shared risk and collaborative loans across the risk spectrum. This role reports to the Credit Manager and is part of the RSF Lending Team. This role will support the Senior Directors of Lending with some day to day administrative functions.

 

Responsibilities:

Credit Underwriting

  • Evaluate risk, social impact, and financial sustainability of new and existing clients for the Social Enterprise Lending, Shared Risk and Collaborative programs.
  • Underwrite new loans, amendments, and rollovers that meet RSF’s standards for credit quality, social impact, and revenue targets. Escalate credit issues to Credit Manager as needed.
  • Independently manage workflow with minimal supervision including multiple credit requests at different stages of the underwriting process.
  • Perform financial analysis and research for new loan inquiries.
  • Collaborate with Credit Manager to develop appropriate loan structures to manage credit and risks of the loans.
  • Present credits for approval to the RSF Credit Committee.
  • Identify and recommend ways to improve procedures to maintain credit quality and enhance processes.
  • Manage and delegate annual reviews to credit associate; report on findings and results to management and board.
  • Assist with integrated capital collaborative when necessary.

Portfolio Management

  • Manage the compliance tracking process in Sageworks; support other members of Lending Team in obtaining all information required for covenant compliance.
  • Proactively recommend waivers, restructuring plans, and work-through plans to the Credit Manager as appropriate.
  • Assist in implementation of portfolio management tools and systems to increase efficiency and effectiveness.
  • Perform annual reviews on the portfolio.

Loan Administration

  • Manage the loan disbursement process from request from client to funding in partnership with Loan Servicing.
  • Order appraisals and environmental reports.
  • Assist Senior Directors with certain administrative tasks such as meeting preparation, scheduling, expense management and meeting follow-ups.

Requirements:

Knowledge, Skills, and Abilities:

  • Minimum 3 years’ experience in financial analysis and risk assessment
  • Demonstrated ability to assess risk through a nontraditional financial lens highly preferred
  • Experience working with both for-profit and not-for-profit organizations is strongly preferred
  • Familiarity with the social finance sector, social enterprise, or one of RSF’s focus areas is preferred
  • Fluency in oral and written English required
  • Strong written and oral communication skills, including the ability to create credit memoranda for approval and articulate RSF’s lending philosophy and loan products, and the ability to converse by telephone and in person with potential and existing clients
  • Must have a solid grasp of for-profit and non-profit accounting, advanced credit analysis, and financial modeling
  • Demonstrated analytical ability, including the ability to understand repayment risks in various industries and mitigate them to the satisfaction of RSF and social entrepreneurs
  • Strong attention to detail
  • Demonstrated proficiency in financial analysis as it relates to risk management
  • Effective knowledge of Microsoft Outlook, Word, Excel, and PowerPoint required
  • Must be able to use the Internet for research and information-gathering
  • Salesforce experience preferred but not required
  • Ability to exercise good judgment, with appropriate supervision, to manage time effectively, solve significant loan structuring problems, and escalate to Underwriting Manager as appropriate
  • Ability to effectively communicate, negotiate, and present information to Underwriting Manager and Lending Team
  • Ability to work independently, and as part of a team
  • Ability to exercise good judgment, manage time effectively to solve problems, and respond appropriately to changing circumstances and priorities
  • Commitment to the purpose, values, and operating principles of RSF
  • Must be able to use a computer for extended periods of time up to eight hours per day
  • Must be able to frequently communicate orally and by telephone
  • Must be able to occasionally lift boxes (up to 40 pounds)
  • Ability to walk up and down stairs

Compensation:

Compensation & Benefits:

The expected initial salary for this position is expected to be in the $60K to $70K range.

Other benefits include:

  • A fulfilling work environment at a supportive and entrepreneurially-driven organization
  • A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
  • Very generous vacation and sick leave benefits plus nine paid holidays per year
  • 403(b) plan with employer-paid contributions after one year of employment
  • Exposure to innovative ideas, projects, and collaborative staff activities
  • Access to numerous professional development opportunities

How to Apply:

Please submit your resume via e-mail to HR@rsfsocialfinance.org along with a thoughtful cover letter. In the cover letter, please explain why you are interested in the mission, values, and activities of RSF Social Finance. Please also tell us why your skills and experience would make you successful in this role.

In the e-mail subject line, please write “Senior Credit Associate”.

Please note that applications without a cover letter will not be considered. No phone calls please. Applications will be accepted on a rolling basis.

RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply. 

Loan Officer, Business Lending Philadelphia Industrial Development Corporation
Philadelphia, PA
Job Function: Financial Services
Posted: March 25, 2018

Background:

PIDC is Philadelphia’s public-private economic development corporation. Our mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. We offer flexible financing products, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia- based knowledge, to help our clients invest, develop, and grow throughout the city of Philadelphia.

Over the past 60 years, PIDC has settled over 7,150 transactions with a diverse range of clients – including more than $16 billion of financing and more than 3,200 acres of land sales – which have leveraged over $28.6 billion in total investment and assisted in retaining and creating hundreds of thousands of jobs in Philadelphia. Its direct loan and managed third-party portfolio at year-end 2017 was more than $545 million, representing 475 loans. For more information, please visit: www.pidcphila.com.

Position Summary:

PIDC offers a range of financing products to businesses, developers, and non-profits of all sizes representing a diverse array of sectors throughout all neighborhoods of Philadelphia. PIDC’s lending activity is managed by the Financial Services Group; guided by a risk rating system, and reviewed and approved by a Loan Committee comprised of PIDC Board members and outside advisors.
PIDC’s Business Lending Team manages the marketing, structuring and approval of flexible financial products designed to support a thriving small business climate in the City of Philadelphia. Financial products include funding for small business needs including lines of credit, working capital, purchase of machinery or equipment, tenant improvements, and real estate renovation and construction.

Responsibilities:

  • New business development and relationship management: Develop relationships with existing clients and new prospects to drive new business. Manage prospect identification and research, including targeted sales calls and outreach. Cultivate relationships with key intermediaries to reach prospective clients, such as bankers, accountants, attorneys, and real estate brokers. Represent PIDC for relevant networking, educational, and industry events. Track new contacts, leads, and deals using customer relationship management (CRM) tools. Use data to evaluate success of business development initiatives and adjust strategy accordingly.
  • Application intake, review and analysis: Lead clients through the application, approval, settlement and post-closing process for PIDC loans and other resources. Schedule and attend preliminary prospect meetings and provide advice and guidance including indicative size and structure of financing. Assemble application materials, and develop written credit memo including project description, market and financial analysis.
  • Approvals and settlement: Present credit memo internally and to PIDC’s Loan Committee. Input and maintain project-related files and data systems in coordination with PIDC Loan Processing. Coordinate client handoff to Loan Processing, Legal and Portfolio Management Groups as the primary contacts for settlement, disbursements and post-closing loan covenant monitoring.
  • Administration of Technical Assistance (TA) Resources: Identify needs and opportunities for targeted TA and business support services for existing clients and prospects, i.e. business planning assistance, grant opportunities, referrals to key service providers or other support services, and more. Develop and, as needed, deliver technical assistance programs for PIDC’s clients and key partners, including the City of Philadelphia.

Requirements:

  • A Bachelor’s Degree with major course work in, economics, finance, accounting or a related field. Master’s degree is desirable.
  • Five or more years of loan sizing, creative deal structuring, negotiation and loan closing experience.
  • Prior work-related experience with economic development or social impact lending, as well as traditional and alternative commercial loan programs is desirable.
  • Considerable credit and financial analysis experience. Strong analytical ability.
  • Expertise with financial statement presentation of for-profit and not-for-profit companies.
  • Proficiency in MS Office Suite and Salesforce, or other CRM.
  • Strong oral and written communication skills.
  • Flexible, self-motivated and strategic thinker.
  • Capacity and desire to function in a fast-paced work environment.
  • Demonstrated leadership skills and successful track record developing new client business.
  • Ability to take ownership of assignments and manage multiple projects simultaneously.
  • Knowledge of best practices in small business technical assistance resources.
  • Interest in supporting Philadelphia’s thriving business ecosystem.
  • A valid driver’s license.

Must be a resident of the City of Philadelphia or willing to relocate within six (6) months of employment.

Compensation:

Depending on prior underwriting experience and education

How to Apply:

Interested candidates should submit a cover letter and resume electronically by Friday, April 27, 2018 to:

Marquis Tavon Upshur, PHR, SHRM-CP
Vice President, Human Resources PIDC
mupshur@pidcphila.com

PIDC is an equal opportunity employer.

Director, Capital Solutions Enterprise Community Loan Fund
Atlanta, GA
Job Function: Finance
Posted: March 23, 2018

Background:

Enterprise is a proven and powerful nonprofit that improves communities and people’s lives by making well-designed homes affordable. We bring together the nationwide know-how, partners, policy leadership and investments to multiply the impact of local affordable housing development. For over 35 years, Enterprise has created nearly 470,000 homes, invested $28.9 billion and touched millions of lives. Join us at www.EnterpriseCommunity.org.

Working at Enterprise

Enterprise  employees create opportunities for low-income families to open doors to hope and opportunity.  We are committed to growing a talented, mission-driven workforce.  We provide competitive salaries; generous Benefits and the chance for personal and professional growth.

Enterprise Community Partners policy is to provide equal employment opportunity to all people without regard to race, color, religion, national origin, age, gender, gender identity or expression, sexual orientation, disability, covered veteran status, or any other characteristics protected by law.  We continually seek to build and maintain a workforce that reflects the rich diversity of our country.

Position Summary:

The Director, Capital Solutions role is responsible for identifying and developing scalable capital solutions across the Southeast market by connecting and delivering Enterprise’s entire capital platform.

Working closely with the Market Leader of the Southeast office, the Director will develop business opportunities and support Enterprise’s public and private partners by ensuring a seamless delivery of the entire Enterprise financing platform at both a transaction and programmatic level. This includes supporting transaction origination that leads to lending opportunities for Enterprise’s CDFI and investment activity for its low-income housing, new markets tax credit, mortgage and private equity product lines.  The position will also support capital raising efforts as appropriate. The Director, Capital Solutions must be a proven relationship manager with strong business development skills and a good working knowledge of the primary financial tools critical to affordable housing production and broader community revitalization activities.  Deep existing business relationships and knowledge of the Southeast region are   strongly preferred.  

The position reports to the Vice President, Capital Solutions, Enterprise.

Responsibilities:

  • Identify capital needs and strategic capital solutions in preserving and producing affordable and mixed income housing, as well as increase and create access and opportunity for better outcomes in health and wellness, economic mobility, education and employment by sourcing financing opportunities intended to yield the stated outcomes. 
  • Drive lending origination and develop new business opportunities deploying capital in the Southeast -  acquisition, predevelopment, construction, leverage lending, bridge and perm - to support a minimum annual $20 MM capital deployed goal.    
  • With the market team, evaluate the current capital environment to develop annual goals and objectives to deliver capital solutions in the Southeast. 
  • Support key program areas and priorities of the Southeast market and National Initiatives of Enterprise e.g. SPARCC
  • Conduct early stage screening and evaluation of financing opportunities for financial and programmatic feasibility prior to referring transaction to underwriting team
  • Support and potentially lead Creative Capital Team response to potential RFPs for innovative capital support of Southeast programs.
  • Serve as primary relationship manager with Enterprise customers – lead, track and follow up on financing needs and opportunities.
  • Identify new product development in response to customer demand. 

Requirements:

  • Minimum of seven years of experience in banking, community development finance, real estate development or relevant field.
  • Undergraduate degree required. 
  • Knowledge of the underwriting process for various affordable housing/community development finance programs. 
  • Ability to confidently and effectively partner with individuals at multiple levels of local and state government to develop affordable housing/community development financing products and programs.
  • Experience in the low-income affordable housing sector and knowledge of the affordable housing financing system and community development sector to inform the evaluation of financing opportunities  
  • Extensive knowledge of real estate transactions and financing tools and services commonly used in the development and financing of affordable housing and community facilities.
  • Proven track record of meeting financial and programmatic goals and objectives. 
  • Ability to analyze data and information to make critical decisions.
  • Ability to effectively market all of Enterprise’s products, programs and activities to potential customers.
  • Familiarity with competitor product lines and capital delivery systems. 
  • Proven ability to assess customer needs and define customer requirements to generate innovative solutions. 
  • Highly motivated, self-starter, able to work independently and solve problems.
  • Proven ability to work collaboratively and lead colleagues through effective planning and organizing, decision making, and evaluating, including with colleagues across disparate geographic locations. 
  • Demonstrated track record of efficient use of fiscal resources.
  • Ability to manage multiple projects and assignments, meet tight deadlines, coordinate and communicate effectively among widely-dispersed parties and cultivate new relationships.
  • Working knowledge of local and state-wide housing markets and conditions and real estate finance models.
  • Excellent oral and written communication skills with demonstrated ability to represent Enterprise’s mission and work in all internal and external forums. 
  • Ability to travel up to 40% of the time. 

Compensation:

DOE

How to Apply:

Apply here.

Asset Manager, New Market Tax Credit Program Corporation for Supportive Housing
New York City, NY
Job Function: Finance
Posted: March 20, 2018

Background:

The Organization:

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; 
  • nsuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps; 

Working for CSH:

If you have a desire to make a difference for people and families we have a place for you. Not only has CSH proven supportive housing works and does change 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 an Asset Manager to support our New Market Tax Credit Program.

Position Summary:

The Corporation for Supportive Housing is seeking an enthusiastic, results-oriented individual. The Asset Manager will ensure compliance with the CDFI Fund’s requirements for the New Market Tax Credit Program. Working with our Loan Portfolio Team, this position is located in CSH’s New York Office.

Responsibilities:

  • Ensure program compliance: Collection and review of community impact reporting into CIIS, the annual Community Benefit (CBA) report from QALICBs and the asset management report regarding closed projects for the NMTC Advisory Board, Internal Management and the Board of Directors. 
  • Ensure project milestones and budget are as underwritten through review of periodic reporting from QALICBs (i.e. monthly draws, quarterly financials) and coordination with the NMTC team, investors and other sub-CDEs as needed on issues relating to compliance. 
  • Assist with the organization’s NMTC application and in finalizing related allocation agreements.
  • Assist with project closings, reviewing the project financial model and key legal documents related to loan servicing, compliance/reporting, and disbursement processes for accuracy; coordinate with Finance to establish and manage sub-CDE general ledgers and bank accounts; and work with external auditors and tax accounts to ensure program compliance at closing.
  • Service NMTC Loans, including loan data management, interest, fee and tax payments, and construction draw reviews and approval.
  • Prepare all required accounting and financial reporting; coordinate and prepare work papers for annual financial audits, tax department and annual tax filings; and oversee investor reporting. 
  • Creatively support the NMTC program by identifying solutions, offer ideas for improved systems, assist in the preparation of program budget and expenses, and complete special projects as needed and assigned. 

Requirements:

  • Successful candidates will be adaptive, entrepreneurial problem solvers with a demonstrated commitment to social justice. CSH seeks candidates driven by strategic thinking, executed with creativity and flexibility, and with an ability to adapt approach, strategy, and tactics rapidly in response to changing information or program needs. It is important to help articulate and strategically pursue new visions and ideas for supportive housing and the role it can play in solving complex problems. 
  • 3-years minimum experience in asset/portfolio management, project development, and/or non-profit lending. Experience in loan servicing and/or compliance a plus. 
  • Past experience in reading legal documents and managing compliance and community impact reporting related to public funding sources is desired. Familiarity with community and economic development programs is a plus. Prior experience with New Market Tax Credits is a plus, but not required. 
  • Candidates must be organized, analytic, detail-oriented, and comfortable working with numbers/data. Excellent written and verbal communication skills are needed with an aptitude for managing multiple assignments and meeting deadlines. 
  • CSH uses Microsoft Office programs (Word, Excel, Power Point, Access, Outlook) so a mastery of these products is required. 
  • Prior experience with loan servicing and monitoring software is preferred.
  • Bachelor’s degree or equivalent experience of education and experience.

Compensation:

DOE

How to Apply:

Interested in joining our team as a leader in the national supportive housing movement?  

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

https://csh.csod.com/ats/careersite/jobdetails.aspx?site=1&c=csh&id=64

Loan Covenants Associate Capital Impact Partner
Arlington, VA
Job Function: Lending/Loan Operations
Posted: March 20, 2018

Background:

Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success. We deliver strategic financing, incubate new social programs, and provide capacity-building to help ensure that low-to-moderate-income individuals have access to quality health care and education, healthy foods, affordable housing, and the ability to age with dignity. A non-profit community development financial institution, Capital Impact Partners has disbursed more than $2.5 billion to revitalize communities over the past 35 years. Our leadership in delivering financial and social impact has resulted in Capital Impact earning a “AA” rating from S&P Global “AA” and being recognized by Aeris since 2005 for our performance. Headquartered in Arlington, VA, Capital Impact Partners operates nationally, with local offices in Detroit, MI, and Oakland, CA. Learn more at www.capitalimpact.org.

Position Summary:

The Loan Servicing & Loan Accounting (LS&LA) team is looking to fill the position of Loan Covenants Associate to manage our insurance and covenant compliance items. This is an entry level role working under the supervision of the manager of the LS&LA team. This person will perform a variety of duties related to commercial loan and real estate loan documentation, customer relationship management, loan operation systems, and reporting. In addition to managing loan boarding, payoffs, disbursements, reserve and escrow analysis, modifications/file maintenance and customer requests, other information is captured in our loan system for reporting purposes. It is vital to the organization to ensure that all insurance is in force and accurate and all reporting items are current, which allows the company to respond to auditors and investors with timely submissions.

Responsibilities:

  • Renew insurance certificates for an estimated 400 loans each having 2-3 recurring insurance certificates (3 to 8) requirements per loan. Requires bi-monthly mailings to borrower and insurance agents and following up via phone calls on any outstanding items. Items received have to be satisfied in Process Manager and sent to the Document Specialist to scan into E-file Cabinet.
  • Follow-up on all outstanding covenant items – Each loan carries an estimated 5 to 10 recurring reporting items.
  • Act as liaison between the Portfolio Management and Loan Servicing for insurance renewals and covenant reporting items.
  • Set up and track in McCracken any forced place insurance reimbursement.
  • Perform scrubs and conversion of data to new compliance module in McCracken portal.
  • Perform loan level administrative task.
  • Preparation of weekly and monthly reports for team and Portfolio & Construction team for further collection of items in excess of 30 days past due.
  • Respond to internal and external inquiries.
  • Back-up support to team in processing payments, billing invoices, etc., and other duties as assigned.
  • Provides assistance in response to regulatory and internal/external audit requests.
  • Participate in team projects where applicable.

Requirements:

  • University or College degree required with at least 2 years’ experience working in a commercial bank or insurance industry.
  • Knowledge of commercial and real estate lending tracking tools.
  • Good oral and written communication skills.
  • Must be organized and very detail oriented.
  • Must be proficient in Microsoft Word, Excel and Power Point.
  • Must have the ability to learn and to use in-house software systems.
  • Must have covenant tracking experience.

Compensation:

Depends on the experience

How to Apply:

Please visit the Career Section of our website: https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=1839463

Loan Portfolio Data Analyst Capital Impact Partner
Arlington, VA
Job Function: Lending/Loan Operations
Posted: March 20, 2018

Background:

Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success. We deliver strategic financing, incubate new social programs, and provide capacity-building to help ensure that low-to-moderate-income individuals have access to quality health care and education, healthy foods, affordable housing, and the ability to age with dignity. A non-profit community development financial institution, Capital Impact Partners has disbursed more than $2.5 billion to revitalize communities over the past 35 years. Our leadership in delivering financial and social impact has resulted in Capital Impact earning a “AA” rating from S&P Global “AA” and being recognized by Aeris since 2005 for our performance. Headquartered in Arlington, VA, Capital Impact Partners operates nationally, with local offices in Detroit, MI, and Oakland, CA. Learn more at www.capitalimpact.org.

Position Summary:

The Loan Portfolio Data Analyst will deliver analyses and reports to management, team members and compliance by understanding Capital Impact Partners' complex set of lending programs and the pertinent data associated with them. Additionally, the Loan Portfolio Data Analyst will further develop and evolve our reporting capabilities in support of our growing internal and external needs.

Responsibilities:

  • Successfully deliver analyses and reports to management, team members and compliance by understanding CIPs complex set of lending programs and on and off balance sheet lending portfolios and the pertinent data associated with them
  • Further develop and evolve our reporting capabilities in support of our growing internal and external needs;
  • Coordinate, to the extent needed, the production of reporting content needed from other departments
  • Master system technology to understand its capabilities and current use and learn to create data extracts for reporting purposes.

Requirements:

  • Bachelor’s degree required.
  • Knowledge of relevant reporting outputs and metrics including certain financial metrics, loan performance reporting, risk metrics and portfolio characteristics.
  • Familiarity with different reporting perspectives: Region/Country breakdown, industry breakdown, maturity distributions, credit quality ratings.
  • Comfortable and capable of working with portfolio managers, compliance officers and management to understand and define reporting requirements.
  • Experience analyzing data and metrics with sufficient familiarity to recognize potential issues.
  • Experience managing and manipulating large amounts of data in Microsoft Excel.
  • At least three years in a financial institution setting and an understanding of lending, loan data, the lending business, and the importance of data analysis and reporting.

 

Compensation:

Depends on the experience

How to Apply:

Please visit the Career Section of our website: https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=1839547

 

Senior Underwriter Century Housing Corporation
Culver City, CA
Job Function: Underwriting
Posted: March 18, 2018

Background:

Century Housing Corporation is a mission-driven Community Development Financial Institution (CDFI) supporting quality affordable home development throughout California. With offices in Culver City, Long Beach and San Francisco, Century provides innovative end-to-end financing from predevelopment to permanent loans. Century also serves as a reliable partner to state and local agencies, municipalities and other CDFIs in pioneering aggressive financing programs like GSAF or LACHIF.

From its beginnings as a state agency and through the past 20 years of service as a private nonprofit, Century’s work has resulted in more than $1 billion in financing for over 25,000 new affordable homes, more than $400 million in capital under management, and nearly 2,500 construction jobs created in 2016 alone.

 

Position Summary:

Under the direction of the Senior Vice President,  incumbent is responsible for evaluating the credit worthiness and capabilities of the borrower /guarantor, the real estate collateral securing the proposed loan, and adequacy of the loan structure for transactions and/or relationships.  The Underwriter is responsible for identifying and reporting any/all  financial aspects, and changes during the process,  of a proposed loan from origination through closing.   Performs with a high degree of ethical standards.   Frequent interaction with other lending staff, accounting, legal  and other support personnel in delivery of an excellent client experience, while minimizing Century’s risk exposure. The essential duties and responsible listed below are not intended to be all inclusive:

Responsibilities:

  • In support of loan originations team, monitor loan  from origination through the closing process assuring a positive and timely experience for Century clients as well as well as reducing Century’s costs for loan loss. 
  • Underwrite multifamily developments financed with LIHTC, HUD HAP/Section 8, tax exempt bonds, FHA and Fannie/Freddie.
  • Perform initial analysis evaluating the applicant’s credit worthiness and financial capacity. 
  • As part of comprehensive due diligence, request market analysis as necessary and initiate process for ordering third party reports as needed. Review market analysis and appraisal to determine if the report accurately reflects the underwriter's knowledge of the property's operations and market position, as well as reconciling any differences. 
  • Prepare reports, presentations, documentation of underwriting including recommendations based on research for presentation to Loan Committee or as directed by the Senior Vice President. 
  • Periodically reassess financial health of borrower and/or investments, make report and recommendations.  
  • Maintain good knowledge of surrounding market conditions, report deficiencies, irregularities as means of mitigating risk exposure with respect to all holdings.    
  • Perform the underwriting and due diligence on potential investment opportunities as required.

 

Requirements:

  1. Superior ability to develop capital budgeting and related financial models requires expert level knowledge of Excel data analysis tools. Confidence in ability to generate and explain complex financial models.
  2. Skilled in the use of Microsoft office suite, including expert level experience with Excel, CLCS and CRM.
  3. Ability to work with loan officers, loan administration, accounting and other support staff to deliver timely turnaround for Century client.
  4. Experienced in prioritizing and multitasking.  Skilled in managing time, multiple demands, and competing priorities effectively to accomplish objectives. 
  5. Access to reliable transportation, current drivers' license and insurance.  
  6. Ability to keep established hours of operation and maintain excellent attendance and on-time arrival.
  7. Ability to work overtime and travel locally on relatively short notice.

Compensation:

Competitive salary and excellent employee benefits including fully paid medical, dental, vision.   Other benefits include 403(b) plan with company match, life insurance, flexible spending account, paid time off and paid holidays.

How to Apply:

Please email your resume including salary expectations to Fern Hendrickson at fhendrickson@centuryhousing.org or FAX to (310) 258-0714.

Job Location:  Culver City, California, no relocation assistance provided.

Our organization is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin or Veteran status

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