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  • Make an impact and join the opportunity finance field.

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

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

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

Compliance Officer Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Other
Posted: June 19, 2019

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation ("UMEZ") is to revitalize Upper Manhattan's economy and quality of life through business, cultural and workforce development investments. The communities we target for investment activity include 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 Treasury’s CDFI Fund as part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

Position Summary:

Summary: The Compliance Officer reports to the General Counsel and is responsible for monitoring compliance with grant and loan agreements and/or contract requirements. This candidate must also be able to develop, implement and update contract management procedures. The Compliance Officer is responsible for analyzing reports from grantees and borrowers; determining with Program or Loan Officers the terms and contributions of any contract amendments or loan restructuring; and presenting recommendations to Senior Management. The Compliance Officer also will work with senior management to research and identify funding opportunities from corporations, banks, government sources, foundations, and other philanthropic organizations to further UMEZ’s mission. In addition, he/she will assist in reporting and database tracking.

Responsibilities:

• Monitor grantees/and borrower compliance with terms and conditions of grant and loan agreements, respectively.
• Work inter-departmentally to monitor and approve project-related fiscal disbursements
• Conduct site visits to evaluate operations of grantees and borrowers and their compliance with grant and loan documents
• Develop internal and external compliance reports
• Develop and modify policies/procedures/systems in accordance with organizational needs and objectives.
• Prepare monthly loans analysis reports and make recommendations to Senior Management regarding loan portfolio performance including allowances for doubtful accounts
• Review loan documents to ensure that required reporting and disbursement procedures are included
• Assist in developing and identifying funding opportunities by undertaking research as directed by the CEO. Recommend options and present findings.
• Assist with preparing funding requests and proposal coordination.
• Prepare funding reports, prospect research, tracking, and collecting necessary data for reporting purposes to funders; update tracking spreadsheets for funding, including deliverables to ensure timely fulfillment of funding requirements.

Requirements:

• 5-7 years of grants and project management experience in community development or related setting
• Bachelor’s degree required. Master’s in Public Administration or comparable graduate degree
• Demonstrated knowledge of funding application procedures, including the development and writing of requests for funding applications.
• Strong interpersonal and communication skills (oral and written).
• Excellent fiscal and organizational skills.
• Community residence and/or familiarity with the Upper Manhattan community preferred

Compensation:

The salary will commensurate with experience.

How to Apply:

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

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

No Phone Calls or Faxes Please

Chief Executive Officer Invest Appalachia
Charleston, WV
Job Function: Financial Services
Posted: June 19, 2019

Background:

Invest Appalachia is an emerging nonprofit organization & impact investment fund (Invest Appalachia Fund), built by regional stakeholders in Central Appalachia. Invest Appalachia is a transformational effort to ignite regional markets, cultivate dynamic talent, and create equitable economic opportunity for Appalachian people and places. Working side-by-side with stakeholders from across the region, Invest Appalachia developed a pathway to finance community-driven projects by blending philanthropic, catalytic and concessionary investment capital to accelerate the critical economic transition happening today in a manner that is just and equitable for all Appalachians. Invest Appalachia will embolden the groups working on the ground in Central Appalachia, offering a blend of capital to build up strengths and abilities as well as address critical gaps in the financing pipeline – we find solutions to make the impossible, possible.

Position Summary:

The Chief Executive Officer of Invest Appalachia will be a dynamic and forward-thinking leader who collaborates to operationalize and launch a successful blended impact investment platform that accelerates market growth in Central Appalachia. The CEO is charged with developing, nurturing and leading effective working relationships with a diverse range of community partners and investors including the Appalachian Funders Network, Central Appalachian Network, financial institutions, local and federal governments, regional planning districts, nonprofit organizations and socially minded corporations. The CEO is responsible for the day to day management of Invest Appalachia and supporting the Board of Directors to ensure alignment with the Invest Appalachia Fund. The CEO is directly accountable to the Invest Appalachia Board of Directors.

Responsibilities:

The CEO shall provide the following functions:

1. Visionary and Strategic Leadership
a. Collaborate with Invest Appalachia Board of Directors, the Appalachia Funders Network Working Groups, Invest Appalachia Working Group & Task Force to refine and implement the Invest Appalachia model to ensure the stakeholder activities and community priorities are aligned.
b. Continue to cultivate the Board of Directors, Community Advisors in their governance leadership role to create effective and transparent working relationships by ensuring open communications regarding the financial, programmatic and impact performance of Invest Appalachia
c. Ensure successful achievement of the board’s regulatory, fiduciary and statutory responsibilities.
d. In partnership with the Board and Community Advisors help build a diverse and inclusive board this is representative of the region, and aspires to increased diversity, and that is highly engaged and willing to leverage, secure and steward resources.
e. Provide tactical and inspirational leadership and to ensure the launch and continued development and management of a professional and efficient organization; establish effective communications and decision-making processes to achieve Invest Appalachia’s short and long-term goals and objectives.

2. Development and Marketing
a. Oversee the creation and execution of a comprehensive donor and investor outreach plan including a short and long-term strategy for securing the capital and resources to advance Invest Appalachia (both the 501(c)3 and the investment fund).
b. Champion strong relationships at the highest levels of local, state and federal government, as well as in the corporate and foundation arenas.
c. Ensure that funds are allocated properly to reflect donor & investor designations, current priority needs and future potential
d. Coordinate a market branding and communications strategy that is dynamic and accurately represents the growth and impact of Invest Appalachia and as well as the investability of the region.

3. Develop Talent, Infrastructure and Operations
a. Motivate and supervise the work of the Community Manager and other consultants supporting the work of Invest Appalachia.
b. Ensure alignment and coordination between the Community Manager and the Investment Manager
c. Lead an annual operating plan implementation process to ensure the strategic goals are brought to life and ensure the delivery of high-quality engagement, services, programs and catalytic capital expenditures to advance Invest Appalachia’s mission.
d. Oversee the investment management of the Fund, partnering with an outside management team and the Board of Directors to ensure alignment and responsible stewardship of the resources.
e. Develop short-and long-term financial plans for the infrastructure and operations of the organization. Develop an annual budget and ensure that sound financial controls remain in place. Set financial priorities to ensure the organization is operating in a manner that supports alignment with our partners, the strategy, the operations and staff.

Requirements:

Qualifications
• Minimum of a Bachelors, Masters, or related advanced degree preferred.
• At least 10-15 years of overall professional experience, with at least 10 years of senior leadership experience is critical; prior nonprofit experience ideal. Management of a regional or multisite organization preferred. Significant experience in board development, talent management, donor relations, advancement, marketing/branding, and fiscal management experience a must.
• Experience working for a Board of Trustees and developing an engaged and effective governance model.
• Demonstrated success in developing and implementing strategic plans, the ability to think strategically, identify new opportunities, and lead change.
• A financially savvy and politically astute leader with the ability to set clear priorities, delegate when required, and guide the ongoing investment in people and systems. Keen analytic, organizational, and problem-solving skills, which support and enable sound decision making.
• Experience with foundation/nonprofit fiscal management, law, budgeting, and investments is critical.
• Excellent trust and relationship-building skills, collaboration, and coalition-building skills with an ability to communicate and work effectively with a variety of internal and external stakeholders. An inspiring, persuasive negotiator able to achieve consensus among differing opinions and perspectives.
• Outstanding presentation and communication skills, and the experience and proclivity to be an outgoing spokesperson, relationship builder, and broad-based philanthropic supporter.
• Must be committed to the region we serve. The preferred candidate will live in Central Appalachia.
• Evidence of ability to lead the mission in accordance with the Invest Appalachia’s guiding values.

Compensation:

Competitive nonprofit salary, based on experience.

How to Apply:

Please send us an expression of interest, your resume and the names of three references to skr@purpletiger.org. Applications will be reviewed on a rolling bases from July 15th onwards. As you prepare your response please feel free to send us any questions to the same email address. We will respond.

Tax Credit Operations & Compliance Manager Sparks Group
Arlington, VA
Job Function: Lending/Loan Operations
Posted: June 19, 2019

Background:

Bringing the Best People and the Best Companies Together Since 1970.

Sparks Group is a leading temporary staffing and full-time recruiting services provider. Whether you are seeking your next opportunity or looking to add talent, Sparks Group is the ideal partner for you! Each of our four divisions (Office, Accounting & Finance, Information Technology, and Creative) specializes in placing professionals in temporary/contract, contract to hire, and full-time roles across a diverse array of staffing categories, positions and levels including: office/administrative, customer service, human resources and talent acquisition, legal support, government and cleared personnel, mortgage/banking, accounting and finance, contracts and procurement, information technology and creative/marketing.

Sparks Group brings over four decades of experience placing professionals in challenging and rewarding positions at many of the area’s most prestigious organizations. Our primary focus is presenting opportunities that match each candidate’s skill-sets, experience levels, career objectives, and growth needs. Sparks Group has regularly ranked as one of the top US staffing and recruiting firms having been named to Inavero’s Best of Staffing Lists® for Client and Employee Satisfaction (2012-2019). Additionally, Sparks Group is proud to have been recently selected for other awards Staffing Industry Analysts’ Best Staffing Firms to Work For (2017-2018), Washington Business Journal Best Places to Work (2017), the Washington Post’s Top Workplaces® List (2017-2018), Forbes® Best Professional Recruiting Firms (2017), and the National Capital Business Ethics Award.

Position Summary:

Sparks Group is collaborating with a leading national lender in the Washington, DC metropolitan area to find an experienced management professional to fill an NMTC Operations & Compliance Manager role. You will strengthen the Fund & Program Operations team in this position and will bring together multiple areas in the company to give understanding, implement structural and procedural controls, ensure that the appropriate data is collected, and that effective management is implemented.

Responsibilities:

- Manage reporting to regulatory agencies, including the registration of investment activities, annual reporting, and response to applicable notices
- Condense partnership agreements, loan agreements and other related documents within compliance
- Ensure that applicable parties maintain their community development status
- Conceive of and execute departmental and organizational policies and procedures streamline quality output while tracking adherence to rules, regulations and procedures
- Coordinate the transition of investments from closing to ongoing monitoring
- Manage NMTC unwinds side by side with the Legal Counsel
- Support the Finance Team’s oversight of financial reporting preparation
- Work with Treasury for cash movement and Accounting for entries by regularly reviewing and understanding revenue and their sources and the uses/payments required for the subsidiary or program
- Manage preparation of investor reports to management, the board of directors and government agencies while keeping general portfolio statistics
- Convert the legal requirements into operational processes as needed
- Keep up-to-date with tax and compliance requirements
- Determine the correct funds to be remitted to investors
- Find and solve any remittance discrepancies with the investor or program manager
- Establish investor setup and open accounts for new loan sales/participations and NMTC deals
- Develop staff training materials and programs
- Learn and use in-house software systems

Requirements:

- Bachelor’s degree required
- Business or Finance degree preferred
- 2+ years of management experience
- 3+ years of experience working in a commercial bank or related industry
- Proven understanding of business concepts, practices and procedures
- Experience with developing detailed schedules including tasks, accountability and deadlines
- Strong oral and written communication skills
- Solid organization and detail-oriented qualities are essential
- Proficient in Microsoft Word, Excel and G-Suite

Compensation:

Direct hire, salaried opportunity, commensurate with experience

How to Apply:

To apply, please send your resume to mneal@sparksgroupinc.com

Executive Director Baltimore Community Lending
Baltimore, MD
Job Function: Financial Services
Posted: June 18, 2019

Background:

Baltimore Community Lending (BCL) was established in 1989 (originally Community Development Financing Corporation) to promote the revitalization of neighborhoods within Baltimore City. After functioning for its first 13 years as a wholly directed entity to support the City of Baltimore’s community development activities funding, for more than 15 years, BCL has stood on its own as an independent, federally certified Community Development Financial Institution (CDFI). For more information about the organization, visit www.bclending.org.

Since its inception, BCL has sought to promote affordable housing, encourage homeownership, foster community revitalization, and build capacity in the development community through a range of lending programs, including the Vacant House Loan Program (VHLP), the Commercial and Multi-Family Investor Program (CMIP), and the Baltimore Homeowner Emergency Loan Program (HELP). More recently, BCL has shifted from a specific program-focused approach to a more flexible approach to provide a broad range of financing for affordable housing projects in Baltimore, with a willingness to take on almost any role that is needed short of permanent mortgage financing if the project makes sense and meets BCL credit requirements. This most often means providing acquisition/construction loans and interim financing to both nonprofit and for-profit developers in Baltimore City. At present, the vast majority of borrowers are private developers which account for nearly 90% of BCL’s loans. At present, about 70% of the financing goes toward ownership housing, with about 30% going to rental properties.

BCL currently has assets of approximately $20M including $4M that is immediately available for lending to qualified borrowers. The organization’s annual operating budget in FY 2018 was approximately $1M, with most of the revenue coming from interest and fee income. The lion’s share of the budget is therefore from earned income rather than from grants and contributions.
BCL is governed by a diverse 14 person Board of Directors who are drawn from several of the major bank lenders in the city, representatives of the City’s Department of Housing and Community Development, as well as both private and nonprofit developers and attorneys and other professionals who work in affordable housing. The work is carried out by a staff of eight, including the CEO, three lenders, a finance manager, a loan administrator, a construction specialist and an administrative assistant.

Position Summary:

The President and CEO is the chief staff member and BCL’s primary liaison to borrowers, investors, private and public funding sources, financial institutions, community organizations, and the media. S/he insures that the mission is clearly stated and understood by the staff and the Board; that all programs and policies are in concert with the organization’s mission; and the mission is updated, as conditions change. The CEO is ultimately responsible for management and program operations, hires and supervises staff, interfaces with staff in specific program areas, manages the Board and its committees and supervises consultants, when necessary. To achieve all of that, he/she must provide commitment, credibility and passion for the mission of the organization.

Responsibilities:

1. Capitalization, Development and External Affairs: Develop and execute resource development plan for operations, equity capital and debt capital. Cultivate and maintain relationships with a variety of existing and potential funding sources. Serve as chief spokesperson and represent BCL in public settings.

2. Lending: Oversee and support the work of the Lending Staff to insure that capital is responsibly managed and deployed. This includes responsibility for the approval and execution of all authorized deeds, mortgages, bonds, contracts or other obligations of the Corporation. Provide technical assistance to prospective and current borrowers.

3. Financial Management: In cooperation with the Board and the Finance Director, prepare and manage annual operating budget to maintain fiscally sound operations. Manage all resources in a fiscally responsible manner, in compliance with all internal policies and within GAAP.

4. Organizational Development: Achieve the goals of the current three-year strategic plan and propose modifications as necessary. Develop and maintain partnerships and oversee program development.

5. Human Resource Management: Hire, supervise and motivate staff and promote development of their skills and leadership abilities. Assess staffing model and recommend and implement changes as required. Prepare succession plans for the organization’s staff. Develop salary and benefits policies that attract and retain skilled personnel.

6. Marketing and Business Development: With the Loan Officers, market, educate and advocate for the utilization of BCL’s products and services. Maintain metrics related to productivity and, relevance of lending products, and periodically assess customer needs. Recommend and develop new programs and products as market needs change. Create and build strategic alliances and partnerships that advance BCL’s mission and strategic goals.

7. Management Information System: Oversee and supervise the preparation of financial and program information to facilitate planning, evaluate the organization’s performance and support resource development efforts. Maintain appropriate technology and information management systems.

8. Board of Directors: Manage the relationship with the Board of Directors, including preparing policies for their approval, providing regular reports on activities, reporting on the financial status of the organization, recommending program guidelines, etc. Recruit new Board and Committee Members as appropriate. Determine staffing of all Board committees.

Requirements:

The ideal candidate will demonstrate the following professional qualifications:
• At least 8 years of professional real estate finance and/or development experience, preferably with non-profit organization(s);
• At least 8 years of lending experience with a general understanding of community development finance tools and processes, preferably including experience with acquisition and line of credit financing;
• Demonstrated broad knowledge of and contacts within the affordable housing and community development finance field, preferably including contacts within Baltimore City and the State of Maryland;
• At least 8 years of executive level management experience, ideally including some experience with a community development financial institution;
• Demonstrated entrepreneurial aptitude to successfully manage continued growth of all aspects of the operation;
• Proven track record of raising investment capital and operating support;
• Demonstrated ability to form partnerships with both private and public sector financing entities;
• Demonstrated record of successful financial management, including profit and loss responsibilities;
• Outstanding skills in oral and written communication;
• Demonstrated strong strategic planning and financial analytical skills;
• Graduate degree in business, real estate development or other related field is preferred. At least 10 years of professional experience in banking or other community lending may substitute for an advanced degree.

The ideal candidate will demonstrate the following personal characteristics:
• Clear commitment to assisting challenged communities;
• Clear action orientation;
• Widely recognized leadership and personnel management skills;
• Reputation for creativity and innovation in achieving goals;
• Strong communication skills, including listening, speaking and writing in order to learn from and to inform and influence a variety of audiences;
• Demonstrated comfort in working in and with diverse communities and organizations;
• A collaborative personal style that works in partnership with others – including staff, volunteer leaders and external partners;
• Personal flexibility to work with a broad range of personalities, cultures and styles.

Compensation:

The position carries with it a competitive salary and an exceptionally good benefits package.

How to Apply:

For more information, or to apply, contact David Erickson-Pearson at Erickson-Pearson Search,
epdavid@earthlink.net; 303-703-6165

Consultant Fiscal Management Associates, LLC.
New York, NY
Job Function: Other
Posted: June 17, 2019

Background:

Fiscal Management Associates (FMA) is a growth-oriented management consulting firm dedicated to building the capacity of the nonprofit sector. We partner with our nonprofit and philanthropic clients to help them attain operational excellence, ensure financial sustainability and effectively achieve their desired impact. Our collaborative approach includes client input and involvement at each stage of an engagement.

FMA is made up of a highly diverse team, coming from a wide range of cultural and economic backgrounds and representing a spectrum of experience, race, age, gender, ethnicity, ability, and sexual orientation. A Latina-founded and led organization, FMA draws upon its staff to deliver services that are sensitive to the needs and values of both nonprofit and funding organizations.

Our team works with leaders who are organizing youth movements, fighting against racial and gender inequities, using art for civic engagement, and providing fundamental services to those who need it most, to name a few. Our consulting and training services have consistently earned recognition for their pragmatism and relevance.

Position Summary:

The Consultant is an integral member of FMA’s Consulting and Advisory Services national team and can be based remotely or in our New York City office. The Consultant works in a team-based environment to help a portfolio of nonprofit and foundation clients develop high-quality financial and operational practices. Additionally, the Consultant provides support for FMA’s growing and evolving consulting practice through new product development, training initiatives, and knowledge management.

This position can be located in any of FMA's offices in New York, Chicago, Oakland, Washington DC, and Providence or virtually from any other domestic location.

Responsibilities:

Works as part of FMA project teams to deliver high-quality services to a diverse portfolio of nonprofit and philanthropic clients. Sample client engagements may include:
-Researching and drafting reports and actionable recommendations
-Assisting in research and content development for products and services
-Supporting planning and implementation of financial systems and practices
-Developing curriculum and facilitating workshops in training initiatives
-Conducting grantee financial due diligence for foundations
-Serving as primary contact for client engagements, developing effective working relationships with client personnel
-Designing new business processes
-Providing guidance and analytical support with respect to financial trends analysis, and planning

Requirements:

-Minimum of 3 years of relevant experience required; MPA, MBA or related master’s degree or equivalent experience a plus.
-Ability to synthesize large amounts of information into actionable solutions, navigate through ambiguity and complexity to analyze a situation, and look beyond details to see the overarching goals and results.
-Outstanding written and verbal communication skills, including ability to convey technical information in an accessible way
-Results-oriented with strong work ethic and attention to detail.
-Collaborative team player that values diversity of background and approach
-Timely in completion of assigned projects with varying needs and deadlines.
-Experience with developing quality presentations in Microsoft PowerPoint and use of Microsoft Excel, including graphs and formatting.
-Professional experience in the nonprofit sector and/or financial management strongly preferred. Knowledge or experience with foundations (private, community, family, etc.) a plus.

Compensation:

Commensurate with experience.

FMA is proud to be an Equal Opportunity Employer and does not discriminate against applicants or employees because of race, color, religion, national origin, sex, age, disability status, sexual orientation, or gender identity of an otherwise qualified individual, or membership in any other class protected by applicable law. FMA hires and promotes individuals on the basis of their qualifications for the job to be filled. FMA is committed to building a culturally diverse team and strongly encourages diverse applicants to apply for this position.

How to Apply:

Apply using the following link: https://fma.applytojob.com/apply/GLougZmq3Z/Consultant?source=Opportunit...

Central Valley Program Associate California FarmLink
Aptos, CA
Job Function: Other
Posted: June 13, 2019

Background:

The mission of California FarmLink is to link independent farmers and ranchers with the land and financing they need for a sustainable future. FarmLink helps farmers to build strong business skills, access fair financing, and establish secure land tenure.

Established in 1999, FarmLink supports beginning, limited-resource, immigrant and other underserved farmers. We work across the state, with particular focus on the Central Coast, Central Valley, and North Coast regions.

Position Summary:

The Central Valley Program Associate will support program staff in assisting farmers with land access, succession, financing and other business management advising. The Associate will assist with new client intake, outreach to farmers and local community partners, and planning workshops and other events. This position will gain on-the-job experience serving small, family farms across the Central Valley, and offers opportunities for growth.

The ideal candidate will demonstrate a strong work ethic, ability to take initiative as a self-starter and contribute to a collaborative work environment. This job is part time, averaging 20-25 hours a week, with the possibility of full-time engagement in 2020.

Responsibilities:

o Assist Program Coordinator with day-to-day operations of FarmLink programs
o Promote FarmLink programs and services including, but not limited to: farmer and landholder linking services, technical assistance, intergenerational farm transition, educational workshops, and farm loans
o Assist new landseekers, landholders and succession clients with online form submission, online profile creation, and initial intake inquiries to assess technical assistance needs
o Conduct outreach and assist with organizing workshops and events for young and retiring farmers representing all of the local agricultural community, including underserved and minority farmers
o Assist in advancing projects in collaboration with partner groups to facilitate public investment in land access for the next generation of family farmers
o Conduct research for program development, and assist in writing grant reports to funders
o Write articles and informational content for California FarmLink’s newsletter, website and social media sites
o Perform routine clerical work, including correspondence and data entry

Requirements:

o Bachelors or associates degree, or demonstrated current progress toward a bachelor’s degree or post-secondary degree strongly preferred. A major in agricultural business, finance, or economics is not required, but highly desirable
o Interest in, and commitment to, the future of California agriculture
o Ability to complete self-directed projects with minimal day-to-day supervision;
o Ability to work in a team atmosphere
o Oral communication skills, including the ability to serve clients in person and over the phone in a courteous and professional manner
o Writing skills, including the ability to prepare professional letters, newsletter articles, and reports
o Computer skills including experience with word processing, emails, spreadsheet, and presentation software programs, Salesforce or other CRM database programs, internet browsers, “cloud computing”
o Possess a valid California driver’s license
o Ability to travel locally on a regular basis, maintain a flexible schedule; and occasionally travel outside of the Central Valley region for trainings, workshops, or conferences requiring overnight stays
o Ability to get along with people representing a variety of personalities and backgrounds
Highly desirable:
o Bilingual, with the ability to communicate the written and spoken word in English and Spanish or Hmong
o Demonstrated knowledge in farm/ranch management, real estate transactions, conservation easements, real estate finance, and local knowledge of crop & livestock production

Compensation:

Status: Part Time, Non-Exempt
Reports To: Central Valley Program Coordinator
Primary Office: Sacramento, CA
Salary: $15 - $20 per hour commensurate with experience

How to Apply:

How To Apply:
Please email a thoughtful cover letter explaining your interest in the position and organization with resume to: info@cafarmlink.org. No phone calls please. Posted June 2019; applications accepted on a rolling basis; open until filled.

Senior Consultant Fiscal Management Associates, LLC.
Various locations, NY
Job Function: Accounting
Posted: June 11, 2019

Background:

Fiscal Management Associates, LLC. (FMA) is a growth-oriented management consulting firm dedicated to building the capacity of the nonprofit sector. We partner with our nonprofit and philanthropic clients to help them attain operational excellence, ensure financial sustainability and effectively achieve their desired impact. Our collaborative approach includes client input and involvement at each stage of an engagement, and at the core of every project we deliver is our commitment to developing strong and trusting relationships between funders and their grantees.

FMA is made up of a highly diverse team, coming from a wide range of cultural and economic backgrounds and representing a spectrum of race, age, ethnicity, ability, and sexual orientation. A Latina-founded and led organization, FMA draws upon its staff to deliver services that are sensitive to the needs and values of both nonprofit and funding organizations.

Our team works with leaders who are organizing youth movements, fighting against racial and gender inequities, using art for civic engagement, and providing fundamental services to those who need it most, to name a few. Our consulting and training services have consistently earned recognition for their pragmatism and relevance.

Position Summary:

The Senior Consultant – Accounting & Information Systems works with team members nationally to serve as a subject matter expert and strategic resource to our clients and the FMA team on finance and accounting technology guidance, advice and support. As a senior role, this position participates in high level, strategic consulting and supervises, mentors, and helps train other FMA staff and/or client staff. The role reports to FMA Lead Consultants and Directors.

This position can be located in any of FMA's offices in New York, Chicago, Oakland, Washington DC, and Providence or virtually from any other domestic location.

Responsibilities:

-Serve as accounting technology subject matter expert to FMA team and clients with accounting technology needs
-Assist clients with all manners of finance and accounting technology support
-Assess client technology infrastructure - current state and prospective needs or opportunities
-Develop accounting system strategies and implementation roadmaps; prioritize deployments, develop business cases, assess/select technology providers and solutions, etc.
-Develop business process maps and workflows
-Identify accounting process risks, inefficiencies and improvement opportunities
-Project manage approved finance and accounting technology implementations
-Understand cyber security issues that may be present with clients
-Identify market trends and business development opportunities
-Stay abreast of accounting technology trends and developments (Digital CPA events, etc.).
-Research technology solution provider marketplace to remain current on provider solutions, costs and quality measures
-Establish and maintain relationships with select technology solution providers
-Partner with FMA team to promote FMA’s accounting technology consulting capabilities to current or prospective clients (to help expand existing relationships and/or cultivate new ones)
-Attend and present at training, conferences and networking events

Requirements:

-Bachelor's or Master's degree with major in Business, Accounting, Finance or related field required
-CPA is preferred
-5+ years of relevant experience in accounting and/or project management
-Experience designing and deploying accounting systems for organizations
-Fluency with accounting processes (costing methods, auditing, budgeting, financial reporting, payroll)
-Strong knowledge of finance and accounting applications and software (Financial Edge, Fund EZ, Intacct)
-Fluency with Microsoft Office applications required
-Previous consulting and people management experience preferred
-15-25% travel should be expected

Compensation:

FMA offers an exciting and rewarding environment for motivated professionals. We are driven by a desire to identify solutions to challenging problems and dedicated to making a difference through both teamwork and independent thought and action. FMA serves organizations across the country from offices in New York, Chicago and Oakland. We offer competitive compensation (including incentive compensation opportunities) and benefit plans as well as a flexible work environment.

How to Apply:

Apply using the following link: https://fma.applytojob.com/apply/QrR9u6RZfG/Senior-Consultant

Executive Director San Luis Obispo County Housing Trust Fund
San Luis Obispo, CA
Job Function: Other
Posted: June 7, 2019

Background:

The San Luis Obispo County Housing Trust Fund (HTF) was incorporated in 2003 to address local housing needs. We became a certified CDFI in 2007. Our website is www.slochtf.org. Considerable information on the organization, including audits, 990s and annual reports, is on our this website. The HTF reports to the Aeris Cloud, so those with access can also learn more about us there.

The HTF serves a single county that is located on California's coast mid-way between Los Angeles and San Francisco. San Luis Obispo County is a beautiful area with persistent housing supply and affordability problems. In 2013, our county had the lowest multifamily vacancy rate in the nation. Between 2013 and 2017, the county's median rent increased by more than 50% - the highest rate of increase in the state. The county is currently the seventh least affordable housing market in the nation according to the National Association of Home Builders .

The HTF's mission is to increase the supply of affordable housing for very low, low and moderate income residents of our county, including households with special needs. We primarily service this mission by providing flexible financing for wide range of affordable housing projects. We also provide technical assistance and advocate for affordable housing.

The HTF is a boutique lender that will customize its loans to meet the needs of local projects. The range of projects that we have financed includes LIHTC rentals, USDA self-help subdivisions, various types of transitional housing, licensed residential care facilities and a regional homeless shelter. We will lend at any stage in a project's life cycle from land acquisition through the rehab of ongoing projects. Our loans have ranged from $45,000 to $2 million. While most of our loans have terms of less than five years, some are as long as 30 years.

Like most housing CDFIs, the HTF's lending capital includes a combination of grants (47%) and investments (53%). Our lending capital includes funds from the CDFI FA, CMF, USDA IRP and state LHTF programs. We have loaned over $25 million since our first loan closed in 2005. Our loan portfolio is currently about $12 million. We also have nearly $1.5 million under contract or firmly committed. We can currently commit about $1 million for new loans and are seeking additional lending capital so we can lend more.

The HTF performs very well on the CDFI Fund's old Minimum Prudent Standards. We are well capitalized and consistently have high deployment rates, especially when considering firm commitments. We have never had a loan loss and our liquidity is excellent. In addition, our self-sufficiency ratio has averaged over 100% since 2014.

Position Summary:

The San Luis Obispo County Housing Trust Fund (HTF) is looking for a seasoned housing finance professional to lead and manage our organization. The Executive Director is the top executive position at the HTF and is therefore responsible for all aspects of the corporation’s operations, management and success. They identify the opportunities and challenges that the corporation may face and develop strategies for optimizing both. They will guide the HTF’s growth and maturation as an organization. The Executive Director reports to the HTF’s Board of Directors and supervises the work of a small staff and contractors.

Responsibilities:

Nonprofit Agency Management:
• Work with the Board of Directors to further the mission and carry out the policies of the corporation.
• Supervise staff and oversee relationships with contract service providers.
• Update and formalize the plans and policies of the corporation.
• Ensure compliance with government requirements for charitable corporations.

Financial Management:
• Prepare the corporation’s annual budgets. Project and monitor income and expenses. Adjust operations as needed to ensure a balanced budget.
• Work with our bookkeepers to ensure timely and accurate monthly financial statements, and with our auditors to ensure timely and accurate annual audits.

Fundraising:
• Identify funding opportunities and risks for the corporation.
• Lead in the preparation of grant and loan applications to obtain funds for the corporation’s operations and revolving loan funds.
• Ensure compliance with the conditions of the corporation’s various funders.

Real Estate Lending:
• Identify new opportunities to finance housing projects that are 1) consistent with the corporation’s mission and 2) fiscally prudent.
• Develop new loan products and recommend changes to existing loan products in response to changes in the housing market, housing needs and/or opportunities. Maintain lending policies.
• Oversee the corporation’s loan portfolio to ensure adequate earned income to maintain the corporation’s operations.

Technical Assistance:
• Provide education, information and technical assistance concerning affordable housing development, financing, policies and strategies to local governments, developers and the public.

Advocacy:
• Advocate for affordable housing programs, policies and projects on the local, state and national levels.

Other:
• Maintain good relations with local elected officials and staff, developers, banks, community groups and others.
• Represent the corporation at the local, state and national levels.
• Other duties as assigned.

Requirements:

Minimum Qualifications:

• Four year college degree in community development, public administration, real estate, finance, business, economics, urban planning or a related field.
• Five years or more of progressively responsible professional experience in real estate finance and/or affordable housing development.
• Substantial knowledge and experience with:
1) California affordable housing laws, including housing elements, RHNA, density bonuses and the Housing Accountability Act.
2) the housing project approval and development process.
3) affordable housing finance programs, including LIHTC, HOME, CDBG and various HCD programs.
• Competence in strategic planning, financial analysis and negotiation.
• Proficiency with MS Windows, Word, Excel, Outlook and other applications.
• Ability to travel during the day, for evening meetings and overnight as needed.

Preferred Qualifications:

• Ten years of real estate finance and/or affordable housing development experience.
• Management experience with a Community Development Financial Institution (CDFI) and/or a 501(c)(3) nonprofit housing development corporation.

Compensation:

Based on experience.

How to Apply:

To be considered for this position, please follow the instructions at Zip Recruiter: https://www.ziprecruiter.com/jobs/slo-county-housing-trust-fund-ed9201ec...

This position will be open until filled.

Investment Officer CNote
Oakland, CA
Job Function: Underwriting
Posted: June 3, 2019

Background:

CNote is on a mission to close the wealth gap in the U.S. through financial innovation. In collaboration with CDFIs, CNote creates financial products in cash and fixed income space with competitive returns and direct impact that are available to both retail and institutional investors. The funds raised through distribution of these financial products is the source of flexible and innovative capital for the CDFI industry. Along with capital, CNote provides marketing support to CDFIs to bring more visibility into their work and educate investors on financial and impact opportunities that exist with CDFIs.

Position Summary:

This position is primarily responsible for evaluating new CDFI partners, monitoring existing relationships and assisting in the portfolio construction. The Investment Officer will conduct the due diligence process following the proprietary underwriting framework. Through participating in the industry events and collaborations, he/she will develop relationships with CDFI partners and interested stakeholders, and work on different initiatives to promote CNote’s mission and drive the CDFI industry forward.
The company is based in Oakland, CA but the position can be remote.

Responsibilities:

● Prepare and present an investment memo to CNote senior leadership and an investment committee.
● Analyze CDFIs’ financial statements, loan portfolios, lending policies and procedures, and strategies to determine the degree of risk involved in extending credit, as well as recommend risk mitigation strategies.
● Organize onsite visits with CDFIs to conduct meetings with then senior management, board members, evaluate the team work and culture.
● Assess the impact track record of CDFIs including outputs and outcomes.
● Generate investment opportunities by developing relationships with the CDFI industry.
● Actively participate in the portfolio construction and portfolio management of CDFI investments. Ensure borrowers maintain compliance with quarterly and annual covenants and strengthen borrower relationships.
● Coordinate with technology, operations and legal teams on loan closings, documentation, CDFI onboarding and capital deployment.
● Collaborate with the technology team to enhance the underwriting and monitoring process and ways to leverage technology for the benefit of the whole CDFI industry.
● Assist in developing and implementing investment strategies and investment policies and procedures.
● Take a proactive role in bringing and sharing with the team insights “from the field” that guide product development
● Work across CNote’s teams to support CNote’s mission and the whole CDFI industry.

Requirements:

● Bachelor’s Degree or 5-7 years direct work experience in lieu of degree.
● Chartered Financial Analyst (CFA), or Master’s Degree in a relevant field of study not required but preferred.
● 5+ years demonstrated experience with financial statement analysis, financial modeling, and credit analysis, including underwriting, is required.
● Demonstrated experience writing and presenting detailed investment recommendations with emphasis on clarity, conciseness, and relevance.
● Strong understanding of accounting principles with the ability to apply knowledge to assessing risk and performing financial underwriting.
● Understanding of loan documentation and risk mitigation strategies.
● Experience in community or social finance is preferred.
● Demonstrated leadership ability with superior interpersonal skills and ability to work well with diverse constituents.
● Superior organizational skills and ability to manage multiple tasks effectively and efficiently under minimal supervision as well as ability to set priorities and meet deadlines under pressure without sacrificing quality.
● Advanced knowledge of MS Excel and financial modeling skills.
● Commitment to community and economic development.
● Some travel required (20% of time).
● Ability to work both independently and collaboratively with teams across CNote.
● Comfort working in a dynamic start-up environment, often remote.
● Capacity to be aware of, control, and express your emotions, and to handle interpersonal relationships judiciously and empathetically.
● Intellectual curiosity paired with a high growth-mindset.
● You can easily handle stress and you are unflappable.

Compensation:

● Flexibility. Ability to work from home, co-working spaces, on-the-go.
● Compensation. Competitive monetary compensation, as well as equity. We want you to have the ownership of what we build together.
● Benefits. Unlimited vacation time and employee benefits are available to fit your needs and ensure your well-being.

How to Apply:

CNote is committed to building an inclusive workplace culture where talented people of widely different backgrounds can thrive. We've adopted this commitment because we believe the inclusion of diverse perspectives will improve our work and produce better societal outcomes for all. We are actively seeking people who bring distinct backgrounds and perspectives to join us in this work.

CNote is an affirmative action and equal opportunity employer (AA/EOE/W/M/Vet/Disabled) and does not discriminate in recruiting, hiring, training, promotion or other employment of associates or the awarding of subcontracts because of a person's race, color, sex, age, religion, national origin, protected veteran, disability, sexual orientation, gender identity, genetics or other protected status. Qualified applicants with arrest and conviction records will be considered for the position in accordance with the San Francisco Fair Chance Ordinance.

We’d love to learn more about you! Please send your resume and a quick blurb about why you are excited about this opportunity to careers@mycnote.com with “Investment Officer” in the subject line.

Investments Officer Silicon Valley Community Foundation
Mountain View, CA
Job Function: Investment
Posted: May 30, 2019

Background:

ABOUT SILICON VALLEY COMMUNITY FOUNDATION
Silicon Valley Community Foundation advances innovative philanthropic solutions to challenging problems. As the largest community foundation in the world, we engage donors and corporations from Silicon Valley, across the country and around the globe to make our region and world better for all. Our passion for helping people and organizations achieve their philanthropic dreams has created a global philanthropic enterprise committed to the belief that possibilities start here. Learn more at siliconvalleycf.org.

Position Summary:

JOB SUMMARY
The Investment Officer reports to the Senior Vice President of Investments. The Investment Officer is a member of a small and highly collaboratively team that stewards the foundation’s investments and investment relationships to ensure strong consistent performance, effective operations and clean audits.

The Investment Officer works closely with donor and community facing teams to present and explain SVCF’s various investment programs, including the Investment Pools, Individually Managed Funds, Nonprofit Investment Program, Community Impact Loan Fund, and donor recommended impact investments. Working at the intersection of social impact and investment, the Officer coordinates activity of the loan fund, a place-based impact fund providing capital to community organizations. The Officer also participates in conducting due diligence, monitoring and reporting on individual impact investments recommended from donor advised funds. Excellent written and verbal communication skills are essential. A strong knowledge of institutional investing, credit underwriting and community financing practices is highly desired. The successful candidate is analytical, results oriented, adept at juggling multiple priorities, and enjoys new challenges and continuously advancing the quality of their work.

The Officer works closely with the Senior Vice President, Senior Investments Officer, and Investments Associate to administer, monitor or support SVCF’s various investment programs and third-party relationships. The Officer collaborates with development and donor service teams to present SVCF’s investment programs to potential and existing clients, and develop appropriate investment solutions. The Officer also works cross-functionally and closely with community and donor facing teams, marketing and SVCF’s loan consultant to coordinate activities of the Loan Fund. The Officer communicates with potential and existing donors, nonprofits, loan fund borrowers, community partners, investment managers, service providers, and other outside groups. The Officer attends regular Investment and Loan Fund committee meetings and represents SVCF to outside groups as requested.

Responsibilities:

RESPONSIBILITIES
• Present SVCF’s investment pools, programs and services. Explain SVCF’s investment policies, strategy, portfolio composition, costs and performance. Prepare effective presentation materials. Evaluate donor or nonprofit fund activity in light of charitable goals and advise on appropriate investment solutions and pool allocations. Prepare annual reviews and custom fund analysis and communications.
• Periodically meet with existing investment managers in SVCF’s investment pools to review strategy, monitor performance, and explain how the strategy and manager’s skill complements the portfolio.
• Develop and maintain investment-related marketing collateral and donor/client communications. Leverage marketing and social media channels to inform internal and external stakeholders about investments.
• Conduct due diligence on program- and mission-related investments recommended by fund advisors. Advance policies, guidelines and practices to ensure best in class services and operational viability.
• Work with Loan Fund team and external consultant to prioritize prospective borrowers, coordinate underwriting, process loans, manage the portfolio and resolve operational issues. Ensure timely evaluation, credit quality, mission alignment and local impact.
• Develop compelling investor communications and impact reporting to drive ongoing investment from donor funds to the Loan Fund. Coordinate planning and preparation of Loan Fund committee meeting agendas and docket materials. Prepare regular reporting to board, staff and donors.
• Maintain knowledge of local, regional and national trends and conditions in place-based, community investing and community finance, including activities of potential co-funders such as CDFIs, foundations, family offices, and bank community investment units.
• Maintain knowledge of donor advised fund rules (PPA 2006), endowment and institutional fund investment practices (UPMIFA), and endowment spending and investment policy best practices. Establish self as knowledgeable resource for donors and nonprofits.
• Maintain valuation support for annual audit deliverables, including loan and impact investments information necessary to complete audit schedules, valuations and notes and tables for financial statements. Generate audit deliverables as requested.

Requirements:

QUALIFICATIONS
• Bachelor’s degree and four to seven years of experience or equivalent combination of education and experience; degree in finance, investments, business administration, real estate or urban planning preferred; advanced degree a plus; experience in investments, loan documents, due diligence, and credit underwriting preferred
• High degree of self-motivation, dedication, creativity, and perseverance
• Proficiency in analyzing financials of nonprofit and social enterprise organizations
• Excellent cross-functional project management and ability to work with diverse groups
• Exceptional verbal and written communication skills
• Highly proficient in Excel, Word and PowerPoint
• Strong knowledge of institutional investment practices and portfolio management principles
• Strong knowledge of accounting and financial reporting principles
• Highly organized and able to manage multiple priorities
• Strong analytical and qualitative skills

Compensation:

Commensurate with skills and experience

How to Apply:

APPLICATION PROCEDURE
Submit a resume with cover letter explaining your interest in the position and what you would bring to Silicon Valley Community Foundation to https://jobs.lever.co/siliconvalleycf.org/f6f69909-6a06-4115-9e84-e962e2...

Application deadline: open until filled.

Internal candidates should contact a member of the Human Resources Department directly.

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