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

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

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

Director/Senior Analyst - Affordable Housing Practice HR&A Advisors
Washington, DC
Job Function: Project Management
Posted: August 30, 2018

Background:

HR&A Advisors is a top real estate and economic development consulting firm. We provide strategic advisory services for clients in the public, private, and non-profit sectors to solve some of the most complex challenges of urban development. Our projects range in scale from buildings to neighborhoods, public parks to infrastructure systems, and from program design and management to public policy development and implementation. We care about improving the quality of urban life, and we are increasingly focused on the challenges of inclusivity, infrastructure, and technological innovation in cities as we advance public-private development projects that improve economic, environmental, and social outcomes. Our Washington, DC office is a tight-knit team that works across the country and collaborates closely with colleagues in HR&A’s other offices in New York, Dallas, Los Angeles, and Raleigh.

We are former public servants, real estate developers, urban planners, city officials, activists, and economists. We are unique in our ability to create value by integrating disparate disciplines for our clients, and we often lead teams with engineers, architects, lawyers, community organizers, and other specialists.

Position Summary:

We are seeking Senior Analyst/Director candidates with a passion for addressing housing affordability challenges and a desire to advance the field of practice.

Responsibilities:

Day-to-day tasks will require managing internal and external teams to complete housing market analysis, leading stakeholder engagement activities, and evaluating the economic feasibility of housing policies including pro forma analysis for a range of uses, market feasibility research, business planning, public-private partnership strategy, and public policy design. The Senior Analyst/Director will review and present deliverables to clients, including memos, reports and PowerPoint presentations; and will support the firm’s marketing and client engagement efforts.

Requirements:

We are looking for candidates with strong quantitative and qualitative skills, a passion for urban development and housing affordability, and a deep curiosity about the challenges and opportunities facing cities today. Successful candidates will have a clear understanding of real estate economics, the development process, and housing markets. They should also have experience with:
Common local affordability policies – e.g. inclusionary zoning, tax abatement, zoning incentives, assessment districts, income discrimination restrictions, etc.
Traditional local affordable housing programs – e.g. multifamily gap financing, community land trust, owner-occupied rehabs, acquisition-rehabilitation, etc.
Federal funding sources – e.g. LIHTC, HOME, CDBG, PBV, RAD, etc.

Candidates must have a bachelors degree and a minimum of five years of work experience in affordable housing, economic development, real estate, public policy and/or consulting in a related field. Candidates should also have a Master’s Degree, preferably in real estate, city planning, economic development, public policy, and/or business. Considerable additional experience in a closely-related field may also be substituted for a graduate degree.

In addition to considerable experience in affordable housing, real estate and economic analysis, the candidate must also possess substantial project management experience in affordable housing, real estate or economic development; excellent writing and presentation skills; and mentorship capabilities. The successful candidate will be a highly motivated independent thinker with sufficient poise for direct client interaction. The most successful candidates will show potential for rapid professional growth.

Compensation:

We offer competitive compensation packages, based on qualifications and experience. We are an employee-owned company, meaning you will have the opportunity to benefit from the firm’s growth over time through participation in our Employee Stock Options Plan. Each year, the firm will contribute funds to this long-term wealth-building account, and may make contributions to other retirement accounts. We also provide a comprehensive benefits package that goes well beyond coverage of 90-95% of healthcare premiums, dental and vision coverage.

How to Apply:

HR&A is committed to attracting and retaining a talented, diverse, competitive team of professionals dedicated to solving the challenges of urban life. Women, people of color, members of the LGBT community, individuals with disabilities, and veterans are strongly encouraged to apply.

To apply, click on the “Apply Now” on the button on the HR&A careers website (https://www.hraadvisors.com/career-opportunities/). Please limit your response to two pages (one page resume and one page cover letter). Applications will be reviewed on a rolling basis. Applications without a cover lever will be discarded.

All qualified candidates will receive consideration for employment without regard to their race, religion, ancestry, national origin, sex, sexual orientation, gender identity or expression, age, disability, marital status, medical condition, veteran status or any other basis as protected by federal, state, or local law.

For more information, please contact us at jobs@hraadvisors.com. Please do not call regarding this position.

Fund & Program Operations Senior Specialist Capital Impact Partners
Arlington, VA
Job Function: Lending/Loan Operations
Posted: July 30, 2018

Background:

ABOUT THE ORGANIZATION
 
Through capital and commitment, Capital Impact Partners (Capital Impact) 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 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  operates nationally, with local offices in Detroit, MI, and Oakland, CA.

 

Position Summary:

Capital Impact seeks a Fund & Program Operations Senior Specialist to strengthen its Fund & Program Operations team. The Fund & Program Operations Senior Specialist will accurately analyze, calculate and determine distributable amounts for New Market Tax Credits (NMTC) deals and programs, remit funds to investors, partners or lenders. In addition, the Fund & Program Operations Senior Specialist will assist in various aspects of NMTC and program reporting and compliance requirements. Participate in meetings regarding new programs, review program documents and help to establish processes and procedures from an operational perspective using program/fund documents.

Responsibilities:

Responsibilities will include:

  • Review and understand deal documents and work with the Manager, Fund & Program Operations to develop the operational structure of transactions
  • Monitor established NMTC portfolio for incoming payments, resolve payment issues timely for all levels of the transaction
  • Prepare and submit wires timely with backup support in accordance with procedures to the Treasury Department for payments to investors/lenders
  • Identify challenges and issues to help improve the operational systems, processes and policies for the established deals
  • Serve as a liaison to other teams to share information, documentation or decisions made regarding functions performed
  • Regularly review and understand the financial component of the programs to identify issues
  • Once the program is closed, oversee and verification of all cash movement for CIP and investors under the guidance and approval of Manager
  • Assist in the preparation of Community Development Entity Compliance Certifications for equity investors for NMTC transactions

Requirements:

Qualifications and Educational Requirements:

  • Bachelor’s degree required in Business Administration, Finance and/or related degree
  • A minimum of 5-10 years of experience working in a commercial bank or related industry
  • Fundamental working knowledge of business concepts, practices and procedures with the ability to apply in varied situations
  • Experience with developing detailed schedules including tasks, accountabilities and deadlines
  • Candidates should have strong oral and written communication skills
  • Candidate should be organized and very detail-oriented
  • Proficient in Microsoft Word and Excel.
  • Willingness to learn and use in-house software systems.

**Note: Capital Impact will not sponsor working Visa for candidates.**

Compensation:

$69,360 - $86,700

How to Apply:

https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=2083205&B_ID=91

Program Officer National Federation of Community Development Credit Unions
New York, NY
Job Function: Project Management
Posted: July 26, 2018

Background:

The National Federation of Community Development Credit Unions is a dynamic, growth-oriented non-profit organization dedicated to promoting financial inclusion and empowerment to low-income and underserved consumers and communities.   Founded in 1974, the Federation is headquartered in Lower Manhattan with offices in Madison, WI and Atlanta, GA. The Federation offers a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs.

Position Summary:

We seek a talented, organized and motivated Program Officer to oversee and grow a suite of programs that expand financial inclusion and provide the tools to improve financial empowerment. The Program Officer will lead key initiatives, build and manage relationships with network members and strategic partners. Measuring, analyzing and communicating the benefits and impact of our initiatives is a key aspect of this role.
Initial programs that the Program Officer would contribute to include: the Federation’s work to advance financial inclusion in Hispanic and immigrant communities by overseeing engagement and expansion of a national network credit unions serving the Hispanic market; and an initiative to build a network of credit unions and cooperativas serving underserved communities in Puerto Rico, supporting their efforts to advance the island’s recovery and resilience. The Program Officer would also support other Federation network engagement and capacity building initiatives as needed and as the Federation’s programs evolve and grow.
Candidates must speak Spanish, have a background and passion for community development and financial inclusion, be organized and driven to get the job done.
This position is based at the Federation’s offices in New York City.

Responsibilities:

Primary Responsibilities
Engage and grow networks of credit unions serving Hispanic and other underserved communities across the US. Network growth and engagement includes, but is not limited to, building and maintaining relationships with participating credit unions and partners, and identifying opportunities for new partnerships and programming that add value to the network
Develop and disseminate high-quality content for communications to and about the network
Maintain network websites, ensuring content is up to date and tailored to the appropriate audience
Represent the Federation in a range of contexts, such as speaking at conferences on Federation Initiatives or presenting on CDCUs to a local community 
Carry out administrative and support tasks associated with projects such as coordinating meetings and travel
Assist in fundraising activities including grantwriting and grant reports
Other duties as needed and as projects evolve 
Travel required (15-20%)
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions required of this position. 

Requirements:

• Spanish language fluency required
• 3-4 years relevant work experience in network engagement, consumer finance, community development, or policy advocacy
• Bachelor’s degree required; Master’s degree a plus.
• Dynamic, self-starter with high attention to detail, confident and poised
• Highly consultative, able and eager to engage multiple stakeholders with divergent points of view and define a path forward.
• Able to lead with vision but engage others along the way
• Highly organized with demonstrated ability to manage multiple projects at once and be adept at prioritizing tasks
• Demonstrated ability to establish and build relationships with a diverse array of people and organizations
• Excellent written and verbal communication skills, with a comfort in both public speaking and writing high-quality content
• Dedication to always producing the highest quality work and motivated to constantly seek new and better ways to reach goals
• Commitment to the mission to help low- and moderate-income people and communities achieve financial independence
• Experience with WordPress a plus

Compensation:

Commensurate with experience.

How to Apply:

Please submit cover letter and resume to hr@cdcu.coop

Business Development Officer Capital Impact Partners
Oakland, CA
Job Function: Business Development
Posted: July 20, 2018

Background:

Capital Impact Partners transforms under served communities into strong, vibrant places of opportunity. As one of the largest certified Community Development Financial Institutions in the country, we have a 30 year history of delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide. To date, Capital Impact Partners has used its depth of experience, cooperative approach, and network of alliances to invest more than $2B in opportunities that create a high quality of life for low income individuals and communities across the country, including access to high-quality healthcare, education, healthy foods, housing, and eldercare. We draw on our shared values of cooperation, commitment, leadership, innovation, trust, and diversity as we work to redefine how innovation can create opportunities for under served Americans.  

Position Summary:

Capital Impact Partners seeks a Business Development Officer to strengthen its Business Development Group. The Business Development Officer is responsible for representing Capital Impact in its lending activities and originating new loan transactions. The ideal candidate will have a passion for work in community development and social impact, 4-6 years of experience in lending. Knowledge of New Markets Tax Credits (NMTC) and CDFIs is helpful.

Responsibilities:

The Business Development Officer will:

  • Contribute to loan production goals by identifying lending opportunities and referring them to the loan origination team.
  • Market Capital Impact lending products and services to existing and new customers and strategic partners.
  • Respond to loan inquiries and screen potential loan transactions to ensure alignment with Capital Impact’s lending strategy, credit guidelines and loan products/programs availability.
  • Monitor markets where Capital Impact is active (i.e. market/industry trends, local/state/federal policy environment, community development context).
  • Manage and attend conferences, events and represent Capital Impact on panels at conferences, workshops and webinars.
  • Manage relationships with partners and existing and new borrowers.
  • Work closely with all lending staff to assure excellent customer service.
  • Participate in strategic planning and innovation process.
  • Manage loan pipelines for Capital Impact programs and funds.

Requirements:

  • Bachelor’s degree required. Advanced degree in business, finance or related field preferred.
  • 4-6 years of lending experience. Community development underwriting, knowledge of Capital Impact’s major sectors and NMTC is a plus.
  • Ability to travel up to 50% of the time
  • Familiarity with federal, state and local community development programs, particularly programs that finance senior facilities, educational facilities, federally-qualified health centers and affordable housing
  • Experience in commercial real estate or grocery lending is a plus.
  • Candidates should have strong sales and communications skills
  • Passion for mission driven work and projects that support underserved communities in the United States.
  • Excellent organizational skills with high attention to detail.
  • Excellent verbal/written communication skills.

Compensation:

$89,760-$112,200

How to Apply:

https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=2051934&B_ID=91

Business Development Officer Capital Impact Partners
Detroit, MI
Job Function: Business Development
Posted: July 20, 2018

Background:

Capital Impact Partners transforms under served communities into strong, vibrant places of opportunity. As one of the largest certified Community Development Financial Institutions in the country, we have a 30 year history of delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide. To date, Capital Impact Partners has used its depth of experience, cooperative approach, and network of alliances to invest more than $2B in opportunities that create a high quality of life for low income individuals and communities across the country, including access to high-quality healthcare, education, healthy foods, housing, and eldercare. We draw on our shared values of cooperation, commitment, leadership, innovation, trust, and diversity as we work to redefine how innovation can create opportunities for under served Americans.  

Position Summary:

Capital Impact Partners seeks a Business Development Officer to strengthen its Business Development Group. The Business Development Officer is responsible for representing Capital Impact in its lending activities and originating new loan transactions. The ideal candidate will have a passion for work in community development and social impact, 4-6 years of experience in lending. Knowledge of New Markets Tax Credits (NMTC) and CDFIs is helpful.

Responsibilities:

The Business Development Officer will:

  • Contribute to loan production goals by identifying lending opportunities and referring them to the loan origination team.
  • Market Capital Impact lending products and services to existing and new customers and strategic partners.
  • Respond to loan inquiries and screen potential loan transactions to ensure alignment with Capital Impact’s lending strategy, credit guidelines and loan products/programs availability.
  • Monitor markets where Capital Impact is active (i.e. market/industry trends, local/state/federal policy environment, community development context).
  • Manage and attend conferences, events and represent Capital Impact on panels at conferences, workshops and webinars.
  • Manage relationships with partners and existing and new borrowers.
  • Work closely with all lending staff to assure excellent customer service.
  • Participate in strategic planning and innovation process.
  • Manage loan pipelines for Capital Impact programs and funds.

Requirements:

  • Bachelor’s degree required. Advanced degree in business, finance or related field preferred.
  • 4-6 years of lending experience. Community development underwriting, knowledge of Capital Impact’s major sectors and NMTC is a plus.
  • Ability to travel up to 50% of the time
  • Familiarity with federal, state and local community development programs, particularly programs that finance senior facilities, educational facilities, federally-qualified health centers and affordable housing
  • Experience in commercial real estate or grocery lending is a plus.
  • Candidates should have strong sales and communications skills
  • Passion for mission driven work and projects that support underserved communities in the United States.
  • Excellent organizational skills with high attention to detail.
  • Excellent verbal/written communication skills.

 

Compensation:

$89,760-$112,200

How to Apply:

 https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=1979855&B_ID=91

Lending Manager United Housing, Inc
MEMPHIS, TN
Job Function: Lending/Loan Operations
Posted: July 20, 2018

Background:

United Housing, Inc. (UHI) is a nonprofit affordable housing agency that works to revitalize neighborhoods and increase homeownership among those underserved by the traditional homeownership industry in Memphis, Shelby County and West Tennessee.
History. UHI was founded in 1994 as an affiliate of the United Way of the Mid-South and initially funded through Federal grants from the Department of Housing and Urban Development. UHI incorporated as an independent organization in 2000 and then became part of NeighborWorks America, a national network that provides funding and technical assistance to more than 240 affordable housing and community development organizations across the country. By providing education, lending, and construction services, UHI has facilitated the sale of or prevented the foreclosure of more than 4,300 homes in the region, provided more than $11 million in down payment assistance, and delivered homebuyer education and counseling to more than 8,000 first-time homebuyers, for a total impact of $500 million impact on Memphis and Shelby County. 

 

Position Summary:

Generates revenue to support Lending Department by working with housing counselors and builders to bring loans to United Housing, Inc.
Develops a comprehensive plan, timeline, and performance measures for meeting lending objectives.
Oversees and manages the borrower flow from application to closing.
Participate in community events presenting United Housing lending products to community partners and potential clients, public speaking when required. 

Responsibilities:

Stays current on all regulatory guidelines related to residential lending, shares information with others; ensures that department is in compliance.
Generates revenue to support Lending Department by working with housing counselors and builders to bring loans to United Housing, Inc.
Develops a comprehensive plan, timeline, and performance measures for meeting lending objectives.
Oversees and manages the borrower flow from application to closing.
Participate in community events presenting United Housing lending products to community partners and potential clients, public speaking when required. 
Monitors investor and bank partner relationships to insure the best leveraging of all loan products and relationships and satisfaction of all parties.
Refines the lending systems as necessary to assure the highest quality service to the customers and partners.
Supervises all lending and loan servicing activities and staff.
Ensures that the standards of practice, the policies, the procedures, and the internal controls for successful lending meet industry standards.
Ensures that appropriate protocols are followed for mortgage file maintenance.
Assists with implementing a fee and point structure to create sustainability and produce revenue.
Manages the maintenance and upgrades as needed of lending software.
Supports supervisor in role as liaison to Loan Committee and provides them with management reports as required to include performance, cost analysis, and overall financial information.
Performs other responsibilities and tasks as assigned by supervisor.  

Requirements:

NMLS License with at least 5 years of residential lending experience in a financial institution.
Bachelor’s degree or equivalent experience in Finance or Business or related field.
Management experience with preference for the experience in community lending and building lending relationships with local and national banks.
Prior training in regulatory compliance preferred.
Ability to manually underwrite loans to ensure loans meet guidelines of bank partners.
Closing Department or Secondary Market experience helpful.
A combination of experience in the mortgage lending business.

Compensation:

• Salary is commensurate with the job responsibilities, skill required, and experience of the individual.
• Benefits are described in the Personnel Policy provided to each employee.

How to Apply:

Send resume to: ameadors@uhinc.org 
                          

Loan Portfolio Administrator Florida Community Loan Fund
Orlando, FL
Job Function: Lending/Loan Operations
Posted: July 19, 2018

Background:

The Florida Community Loan Fund (FCLF) is a non-profit lending institution providing capital and expertise to make projects successful and help organizations improve lives and low-income communities throughout the Sunshine State. Established in 1994, FCLF operates statewide from a network of offices in Orlando, Jacksonville, Tampa, Sarasota, Fort Lauderdale, and Miami. FCLF financing has helped more than 160 organizations succeed in their projects, providing over 325,000 Floridians annually with housing or social services through 300+ lending transactions to projects totaling over $941 million. FCLF became Florida’s first certified statewide Community Development Financial Institution in 1996 and has been certified as a Community Development Entity since 2004.

Position Summary:

FCLF is seeking an experienced Loan Portfolio Administrator to facilitate loan closings, administer draws, and assist in the management of a growing commercial loan portfolio of community development loans originated throughout the state of Florida.

Responsibilities:

Responsibilities Include:
  1. Preparing or reviewing drafts of loan commitment letters with the Community Development Loan Officers.
  2. Preparing commercial real estate loan documents (Promissory Note, Mortgage, Loan Agreement, etc.), and ensuring all required due diligence items, including but not limited to, title and survey issues, ESAs, property condition reports and appraisals, are reviewed and satisfactory prior to loan closing and disbursement of funds.  
  3. Coordinating loan closings with borrower, title company, attorneys, other lenders, municipalities, etc. Maintaining ongoing communication with the Loan Fund’s attorneys to ensure adequate legal assistance with loan closings, when necessary.
  4. Reviewing borrower and third party information (draw requests, AIA forms, inspection reports and other due diligence items) and recommending advances on construction loans and other line of credit facilities.
  5. Ongoing tracking of construction loan agreement and loan agreement covenants. Identification of borrowers that are not in compliance with loan agreements. 
  6. For each loan file, consistently maintain borrower contact information, insurance information, financial statements, UCC-1 financing statements and any other time-sensitive documentation.
  7. Consistently confirm complete and accurate database of borrowers and loans within loan portfolio software.
  8. Responsible for follow-up with delinquent borrowers, or coordination with lender for contact. 
  9. Perform periodic site visits to borrower’s project sites to monitor construction and/or the ongoing viability of the project/collateral, as well as for ongoing customer relations.
  10. Close interaction with FCLF Finance Department for reporting, funding, payment, audit issues. 
  11. Assist with collection and reporting of data and measurement of social impact of loans made.
  12. Other related duties as assigned including utilizing computer systems to track loan activity, generate reports,, assist in loan servicing process including invoices, payments, etc.

Requirements:

Qualifications
  1. Minimum 3 years of experience administering a commercial real estate loan portfolio.
  2. Minimum 5 years of experience closing commercial loans including ability to create or review legal documentation (notes, mortgages or security agreements, loan agreements, etc.). Proficiency in the review of title insurance commitments/policies, surveys, collateral, lien filings, appraisals, hazard and general liability insurance evidences, environmental reports or other third party information.
  3. An undergraduate degree or equivalent work experience.
  4. Experience in, or knowledge of, affordable housing, community development finance and the nonprofit industry is preferred.
  5. Extraordinary record keeping abilities and attention to detail, and a proven capacity to produce consistently accurate and high quality work. 
  6. Knowledge of MS Office Suite with emphasis on Excel experience, including, but not limited to downloading and integrating raw data from other sources and creating reports and other spreadsheets. Experience working with one or more commercial loan portfolio management software programs.
Other Requirements
  • Maturity, initiative, flexibility, and ability to work independently and cooperatively with others located across the state are essential qualities, as are strong organizational skills and ability to handle multiple tasks under tight time constraints. Some ability to travel and own transportation may be required.
The position is part of the organization’s lending team and works closely with the finance department. Candidates must have a commitment to social and economic justice and a strong interest in community development.
 
Location: The position is based in Orlando.

Compensation:

Compensation & Benefits: 
This position offers the unique opportunity to join an innovative organization with the vision and expertise to make a difference in disadvantaged communities throughout Florida.
A competitive compensation package 
Very generous paid time off benefits program 
403(b) plan with employer-paid contributions 
Opportunities to work with a dedicated team who are driven to aid distressed communities

How to Apply:

Application Instructions:
Please submit your resume via e-mail to vltorres@torresandassociate.com along with a cover letter which specifically outlines your experience in the following:
your experience in COMMERCIAL real estate loan administration; number of years and position(s) held;
Experience in closing commercial loans including ability to create or review legal documentation; number of years and positions held.
In the e-mail subject line, please note you are responding to the Portfolio Administrator position.
Applications without a cover letter containing the above information will not be considered. No phone calls please.
The Florida Community Loan Fund, Inc. is an equal opportunity employer.

Manager/Sr. Manager, Investments RSF Social Finance
San Francisco, CA
Job Function: Investment
Posted: July 12, 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 34-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:

Reporting to the Chief Investment Officer, the Manager or Sr. Manager, Investments is a unique position that combines asset management and direct investing into social enterprises. For asset management, this position will manage the execution of RSF’s investment strategy to optimize the impact of philanthropic assets. For direct investing, this position will be key to the growth and success of RSF’s integrated capital strategy, providing flexible forms of capital to social enterprises. Finally, this position will contribute to high priority strategic initiatives including strategic planning, impact assessment, and ongoing competitive analyses to advance RSF’s leadership position in the field of social finance.

RSF offers clients a variety of Philanthropic Services, including Donor Advised Funds. The gifts and contributions received from these philanthropic clients comprise RSF’s philanthropic assets. We steward and invest these assets in a mission and values-aligned manner.

RSF provides various forms of capital (debt, equity, grants) directly to social enterprises. Historically, the bulk of this financing has been in the form of senior secured loans from our Social Investment Fund, managed by RSF’s Lending Team. In recent years we have developed new offerings, philanthropic Capital Collaboratives, that give RSF the ability to make direct equity and equity-like investments to complement our suite of offerings and expand our flexibility to partner with social enterprises.

Responsibilities:

Investment Management, Philanthropic Assets

Project Management, Research & Analysis:

  • Manage a complex, multi-year project to develop and execute RSF’s investment strategy involving external and internal stakeholders:
  • Manage relationship, timeline, and deliverables of external investment advisory firm, hired on a consulting basis.
  • Optimize expertise of external Investment Advisory Committee by coordinating meeting agendas, follow ups, and corresponding with committee members.
  • Prepare deliverables and synthesis of project status for RSF Board of Trustees.
  • Conduct research and analysis of macroeconomic trends and key investment themes by impact area and asset class that affect RSF’s existing investments and will inform RSF’s future investments.

Make New Investments:

  • Build pipeline of investment opportunities by impact theme and asset class.
  • Conduct due diligence and full analysis on select new investment opportunities, draft recommendation memos to present to Investment Committee. Manage all elements of transaction through to closing.
  • Manage Existing Investments:
  • Manage existing investments. Review quarterly reports and statements from managers, participate in annual LP meetings and calls. Track monthly performance of materially significant investments.
  • Review data on investments for accuracy and write brief summaries for quarterly Philanthropic Services Client statements.
  • Partner with RSF’s Information Systems and Finance & Accounting teams to ensure accurate tracking of investments, reporting, and information sharing internally.

Integrated Capital Deployment, Funding Social Enterprises

  • Work in partnership with the CIO and Lending Team to build pipeline, evaluate, and execute new opportunities to make direct equity investments into social enterprises from RSF’s philanthropic Collaboratives, with an initial focus on the Women’s Capital Collaborative.
  • Streamline the direct investment process and documentation, in alignment with overall ‘capital deployment’ out of Collaboratives.
  • Support CIO and Lending team on large, ‘marquee’ Integrated Capital financings where analysis is required on the overall capital structure and equity raise planned in tandem with RSF’s debt.
  • Co-create a strategy around co-investment partnerships: identify highly-aligned investors, lenders, and donors that complement RSF’s Integrated Capital offerings. Cultivate relationships that result in sourcing new social enterprise clients and a productive co-investment community.

Strategic Initiatives

  • Serve on core team working with CEO/CIO/COO on strategic planning process for RSF. Synthesize data and key concepts, produce draft deliverables. Manage and update scenarios in RSF’s 5-year financial model, in support of the strategic plan.
  • Serve on core team representing Investment team’s needs, for Impact Assessment & Management project.
  • Conduct market assessment & competitive analyses to advance RSF’s positioning as a social finance/impact investing leader.

Requirements:

Education, Experience, Values Alignment:

  • 5-10 years of experience in roles requiring analytical rigor, strategic thinking, and ability to synthesize data, and produce clear deliverables.
  • Relevant industries include investment banking, management consulting, private equity, venture capital, or investment management.
  • Experience working with a variety of fund managers across asset classes, management teams of for-profit companies and non-profit organizations, institutional investors and family offices is preferred.
  • BA/BS degree required; MBA degree preferred
  • Commitment to the vision, mission, and values that inform RSF’s work.

Communication & Judgement

  • Strong written and oral communication skills
  • Exceptional interpersonal and listening skills to effectively collaborate with colleagues, management teams of investees and prospective investments, investor and donor clients, and strategic partners
  • Ability to exercise good judgment and respond appropriately to changing circumstances and priorities
  • Use discretion, maintain confidentiality, and manage sensitive client relationships and information
  • Ability to work independently and collaboratively as part of a team

Function-Specific Skills:

  • Excellent time and project management skills, meeting facilitation and participation skills
  • Experience evaluating equity and debt investments, preferably companies with a social mission
  • Proficiency with financial statement review and analysis, understanding of valuation methodologies
  • Highly quantitative, with excellent analytical skills, including proven financial modeling skills
  • Experience conducting market and competitive analysis to inform strategy
  • Excellent proficiency with Microsoft Excel, PowerPoint, Word, and Outlook
  • Proficiency using Salesforce as CRM system and data analytics tool for analysis and reporting
  • Ability to utilize databases and internet resources for research.

Compensation:

Competitive non-profit salary based on qualifications and experience. 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 “Manager, Investments”.

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. 

Community Lending Officer Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Lending/Loan Operations
Posted: July 11, 2018

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments.  UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood.

UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over 1.1 billion in private capital, and has funded 100 small businesses.

In 2017, UMEZ became a recognized Community Development Financial Institution (CDFI) with over $80 million in assets.  UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

 

Position Summary:

The Community Lending Officer will work with Business Investment team to develop relationships and serve as the liaison to community-based organizations, community banks, and local chambers and commerce.  Under the direction of the Business Investments lead, this role is responsible for interfacing with clients and counseling to small business owners and entrepreneurs who seek funding for small business projects. This role will conduct outreach in an effort to develop new lending opportunities within the Upper Manhattan Empowerment Zone.

 

Responsibilities:

  • Work with the Business Investment team to identify, develop, and expand lending opportunities by conducting proactive outreach to small business entrepreneurs
  • Work with the Business Investment team to develop relationships, to promote loan services and products externally and serve as liaison to community-based organizations, community banks, and local chambers and commerce
  • Under the direction of Business Investments lead, interface and provide one-on-one counseling, respond to referrals in a timely manner, and assist with customer support to small businesses seeking to secure technical assistance and capital
  • Assist local entrepreneurs and strategizing with them to overcome business development issues; advises clients on the loan application process and basic criteria used to determine credit worthiness
  • Gather client application information and visit client’s and loan applicants’ business location to verify information, check on progress and offer technical assistance, referrals, and follow-up when necessary
  • Recommend appropriate loan terms and repayment schedules by conducting risk manage assessments
  • Assist the Business Investment team and legal counsel with loan closings by providing recommendations, preparing financial analysis, and making both oral and written presentations to the BRISC Loan committee
  • May be asked to attend non-work hours events or meetings as it relates to engaging and representing UMEZ’s mission to cultivate community partnerships and promote lending activities

Requirements:

  • Experience in lending and credit training
  • 3-5 years in lending experience
  • Excellent business development, outreach, detail oriented, and have strong follow-up skills
  • Must be able to engage in a tactful manner with potential borrowers, existing borrowers, and community partners
  • Prior related experience in the non-profit and/or public sector preferred
  • Strong financial skills, business accounting, interpersonal, and communications skills
  • Community residence and/or familiarity with Upper Manhattan community preferred
  • An energetic and resourceful person with a strong interest in community engagement
  • A self starter; a team player; a strategic thinker; a creative problem solver.
  • Bi-Lingual, English and Spanish, a plus but not necessary

Compensation:

The salary for this position is commensurate with experience.

How to Apply:

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

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

No Phone Calls or Faxes Please

Senior Underwriter Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Lending/Loan Operations
Posted: July 11, 2018

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments.  UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood.

UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over 1.1 billion in private capital, and has funded 100 small businesses. 

In 2017, UMEZ became a recognized Community Development Financial Institution (CDFI) with over $80 million in assets.  UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

Position Summary:

The Senior Underwriter will serve as the primary underwriter for loan transactions, loan structuring, and will work in conjunction with the Business Investments team in determining credit risk, financial analysis and investments. This role will provide feedback and technical assistance across full range of lending activities, including structuring, underwriting and closing of Commercial & Industrial (C&I) and/ or Commercial Real Estate Loans.

Responsibilities:

  • Serve as primary underwriter for C&I and/or Commercial Real Estate loan transactions which includes working with Business Investments team to structure transactions, conducting due diligence, financial analysis and drafting credit memoranda
  • Work with borrowers, analyze, and evaluate applications for credit and ascertain all necessary due diligence and documentation 
  • Perform full credit analysis and projection scenarios for proposed loan fund clients
  • Structure loan terms and assist in the closing process for approved loans by working with the Legal Department and borrowers on necessary documentation 
  • Prepare written analysis of loan applicants and present written and oral recommendations to the Loan Committee
  • Work with the Director of Business Investments in strategizing and designing new loan products and lending programs
  • Provide technical assistance to Business Investment team; perform primary underwriting in the form of structuring assistance, support, and guidance concerning the compliance of underwriting criteria 

Requirements:

  • Undergraduate degree in business or a related field; MBA preferred
  • Strong knowledge and experience with C&I and/or Commercial Real Estate loan transactions, loan structuring and underwriting with the ability to analyze financial statements
  • 7-10 years in credit analysis and underwriting
  • Ability to multitask, work independently and interdependently
  • Must be able to engage in a tactful manner with colleagues, potential borrowers, and existing borrower
  • Strong interpersonal, written and oral communications skills and excellent attention to detail
  • Community residence and/or familiarity with Upper Manhattan community preferred

Compensation:

The salary for this position is commensurate with experience.

How to Apply:

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

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

No Phone Calls or Faxes Please

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