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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.

Senior Loan Officer BlueHub Capital
Boston, MA
Job Function: Financial Services
Posted: September 25, 2019

Background:

BlueHub Loan Fund (BHLF) is an affiliate of BlueHub Capital (BlueHub), a national mission-driven nonprofit organization dedicated to building healthy communities where low-income people live and work. Since the mid-1980’s, BHLF has invested over $2.0 billion to support low-income communities, creating and preserving over 21,500 units of affordable housing, 13,000 jobs, healthcare services for more than 197,000 patients, and education and daycare for more than 50,000 children. BHLF offers a full suite of lending products to our customers, including pre-development, acquisition, site development, construction, bridge, term and permanent debt. As a national, certified Community Development Financial Institution (CDFI), we partner with other nonprofits, government and businesses to connect low-income communities with capital that generates economic opportunity and stability.

Position Summary:

BlueHub Loan Fund is seeking an experienced and dynamic Senior Loan Officer to deliver all aspects of BHLF’s lending program to a diverse set of borrowers, including real estate developers, charter school and community health center operators, and non-profit and social enterprises serving low income families and communities. The position is located in Boston, MA. While the Loan Fund’s historic activity is heavily concentrated in MA and the surrounding states, BHLF is now actively working nationwide.

The Senior Loan Officer position reports to the Loan Fund President, together with three other Senior Loan Officers, the head of Portfolio Management and the VP, Learning and Impact Measurement.

Each Senior Loan Officer is responsible for community outreach, business development, loan structuring, loan underwriting, and loan closing. S/he will bring to the position a commitment to our mission, excellent credit skills, experience developing innovative financing solutions to support real estate projects that advance our mission and a collaborative spirit and learning orientation. Successful candidates will possess/demonstrate the ability to successfully work with diverse communities.

Responsibilities:

Identify, underwrite, and close high impact and credit worthy community development loans
Develop and maintain strong relationships with peer CDFI lenders, bank partners, developers, consultants, lawyers and community leaders
Engage with leading thinkers, practitioners and researchers working to strengthen low-income communities to identify market gaps that BHLF can address
Cultivate a network of community partners in targeted high poverty geographies
Work as part of a diverse, collaborative team to expand the impact of BHLF

Requirements:

8 - 10 years of commercial real estate lending experience. Experience in community development finance strongly preferred.
Ability to work with existing borrowers and potential borrowers with varied levels of sophistication to move compelling, feasible projects forward.
Strong writing and communication skills: credit memo preparation, loan committee presentations, support for proposals to foundations and Federal funders.
Competency in analyzing non-profit, for-profit and real estate development company financial statements, project budgets, operating proformas to evaluate capacity to repay debt.
Experience evaluating real estate projects including rental housing, for-sale housing, commercial developments, and community facilities such as schools and health centers.
Adept at complex loan structuring for projects utilizing a variety of public funding sources and tax incentives including New Market Tax Credits and Low Income Housing Tax Credits.
Demonstrated ability and interest in working productively across racial, ethnic and income differences.
Expertise working with legal counsel to close complex, multi-party transactions.
Demonstrated track record in marketing, new business development, relationship building for community development.
Passionate about the role of capital in community development; curiosity about “what works” (promising new ideas, best practices, pilot projects) to improve the lives of low-income people and communities.
Results oriented.
Team player, collaborative spirit.
Candidates who reflect the diversity of the communities we serve and have a demonstrated commitment to advancing economic development for those communities are strongly encouraged to apply for this position.

Compensation:

BlueHub offers competitive salaries based on experience and skills, as well as an attractive benefits package including family health and dental coverage, flexible spending accounts, long term disability insurance, life insurance and a 401(k) retirement plan with employer match.

How to Apply:

The position is open until filled. Please submit a resume and cover letter to the attention of Shannon Weiss, Talent Acquisition Specialist. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls or inquiries about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

BlueHub Capital is an equal opportunity employer; people of color and women are strongly encouraged to apply. BlueHub Capital is committed to a policy of equal employment opportunity for all employees or applicants for employment without regard to race, color, religion, gender, age, national origin, ancestry, sexual orientation, physical or mental disability, genetic information, veteran status or other protected status in accordance with applicable federal, state and local laws.

Jr. Underwriter and Loan Officer City First Enterprises
Washington, DC
Job Function: Financial Services
Posted: September 20, 2019

Background:

City First Enterprises (CFE) is a financial institution working at the intersection of innovation and impact investment, in the quest for a more equitable economy. We are risk entrepreneurs investing in underserved communities, centering our focus on the people and places historically overlooked by mainstream finance. CFE’s lending vehicle is the Equitable Growth Fund, a loan fund designed to provide accessible debt capital to entrepreneurs, innovators and change-makers working in affordable housing, small businesses, education, nonprofits, community facilities, and commercial real estate in the Washington, DC, Maryland, and Virginia. CFE is a Community Development Financial Institution (CDFI), a designation by the United States Treasury to organizations expanding economic opportunity in low-income communities by providing access to financial products and services for residents and businesses. CFE is part of the City First Family of organizations, which includes City First Bank. To learn more about our organization, please visit our website at www.cfenterprises.org

Position Summary:

The ideal person for the Jr. Underwriter and Loan Officer position knows how to work in a
dynamic environment and has strong financial analysis and writing skills. He or she seeks to play a
pivotal role in a growing nonprofit community loan fund that is committed to mission-oriented
lending across the region.
Under guidance and supervision, the Jr. Underwriter and Loan Officer is responsible for reviewing
financial data, assessing credit risk and structuring transactions. In collaboration with the
organization’s credit staff, the person will perform financial analyses and provide credit
recommendations based on a review of all underwriting criteria. The position will also be involved
in portfolio management. As part of a compact team, the Jr. Underwriter and Loan Officer
responsibilities will expand beyond core credit analysis, contributing to business development
efforts, preparing funding proposals and performing periodic reports to potential and existing funders, which include federal agencies and major philanthropic institutions, among others.
Versatility and flexibility across a wide spectrum of intellectual and business tasks are key.
Additional responsibilities include providing competent, thorough, courteous, and efficient
customer service to both internal and external customers with a minimal level of direction,
guidance, and oversight.

Responsibilities:

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
1. Performs financial statement analysis and independently interprets them, delivering
written reviews of financial information.
2. Handles loan originations from beginning to end under the supervision of senior staff.
3. Day to day functions may include:
a. Spreading/Analyzing financial statements through the use of Excel
b. Identifying information needed to complete an analysis by reviewing a credit file
c. Conducting sectoral and business model research relevant to loan applications under
review
d. Performing interim and annual financial covenant compliance (loan monitoring), in
close collaboration with Portfolio Manager
e. Contacting borrowers to solicit updated financial information as required.
4. Works with Data Administrator on analyzing figures around economic development
metrics, including designing and implementing client-focused surveys.
5. Participates, in close collaboration with other members of the team, in the preparation of
proposals and periodic reports to funders.
6. Collaborates with Loan Closing Specialist in preparing loan documentation.
7. Works in partnership with Chief Lending Officer on business development activities,
including participating in client and/or prospect calls and representing the organization in
meetings with potential business partners.
8. Performs other duties as may be deemed necessary and appropriate.

Requirements:

● Bachelor’s degree in accounting, business, economics, finance, or equivalent combination of
training and experience from a four (4) year college or university.
● Minimum 2-4 years’ experience in a mission-oriented work on financial analysis, deal
structuring, and relationship and loan processing management.
● Strong writing and composition skills.
● Entrepreneurial approach to work (a must).
● Experience working with low-income communities.
● Proven ability to build relationships with potential clients and business partners.
● Spanish is a plus.
● Experience with a CRM platform, preferably Salesforce, definitely a plus.
● Excel Ninjas are encouraged to apply.

Compensation:

COMPENSATION
Competitive nonprofit salary, based on experience, plus a generous benefits package that includes
health, dental, life insurance, flexible spending plan, retirement plan, transit benefits and paid
parental leave.

How to Apply:

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

Loan Servicing Business Analyst MRI Software
Washington, DC
Job Function: Lending/Loan Operations
Posted: September 18, 2019

Background:

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

TCAM provides asset management and advisory services to the organizations that provide capital to affordable housing, including investors, owners, and public agencies. TCAM’s work environment is fast-paced and dynamic as the client base continues to grow and services continue to evolve. TCAM is part of MRI Software, the largest provider of software solutions to the affordable housing industry. Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.

Position Summary:

TCAM, a MRI Software company, is seeking a Loan Servicing Business Analyst to join our team in Washington D.C.! We are looking for an analyst with loan servicing or other relevant systems experience to play a key role implementing, enhancing, maintaining and trouble-shooting systems and processes used to deliver loan servicing to clients. This position is a critical role in a new team formed to address the needs of a major public agency client.

Responsibilities:

Work collaboratively with loan servicing team, contractors and MRI colleagues to implement and enhance loan servicing systems and processes
Analyze system usage and provide team with recommendations for improvements and training
Identify and assist with implementations of enhancements to the systems used for servicing and reporting
Provide escalated technical support to the staff and contractors using the systems
Develop business requirements for scripting automation.
Analyze, troubleshoot and correct systems issues as needed

Requirements:

Bachelor’s Degree; coursework in basic principles of accounting
Minimum of two years of relevant experience; loan servicing and/or subservicing experience a plus
Analytical and problem-solving skills
Technical skills including expertise in databases, spreadsheets, and some programming knowledge.
Excellent organizational, communication, and analytical skills
Demonstrated ability to work collaboratively with colleagues and clients

Compensation:

based on experience

How to Apply:

https://www.mrisoftware.com/jobs/loan-servicing-business-analyst/

Loan Servicing Accounting Analyst MRI Software
Boston, MA
Job Function: Lending/Loan Operations
Posted: September 18, 2019

Background:

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

TCAM provides asset management and advisory services to the organizations that provide capital to affordable housing, including investors, owners, and public agencies. TCAM’s work environment is fast-paced and dynamic as the client base continues to grow and services continue to evolve. TCAM is part of MRI Software, the largest provider of software solutions to the affordable housing industry. Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.

Position Summary:

TCAM, a MRI Software company, is seeking a Loan Servicing Accounting Analyst to join our team in Boston, MA! We are looking for an analyst with loan servicing and accounting experience to support accounting and treasury functions performed by TCAM on behalf of lender and investor clients. This position will play a key role in meeting client expectations and identifying ways to enhance MRI systems used for loan servicing.

Responsibilities:

Work collaboratively with loan servicing team, contractors and MRI colleagues to track and review collections, postings and remittances
Prepare and balance daily payment processing and deposit into bank accounts
Post corrections for both misapplied payments and bank chargebacks
Monitor servicing system and review reports to ensure accurate and complete client reporting
Review for accuracy invoice, remittance and loan payoff documents
Analyze and review financial and billing reports to provide monthly variance explanations
Maintain accounting logs
Trial balance reconciliations
Update policies and procedures as needed to meet client needs

Requirements:

Bachelor’s Degree; coursework in basic principles of accounting
Loan servicing and/or subservicing experience
Proficiency with loan servicing technology
MS Excel and Word proficient
Excellent organizational, communication, and analytical skills
Demonstrated ability to work collaboratively with colleagues and clients

Compensation:

based on experience

How to Apply:

https://www.mrisoftware.com/jobs/loan-servicing-accounting-analyst/

Senior Loan Servicing Specialist MRI Software
Washington, DC
Job Function: Lending/Loan Operations
Posted: September 18, 2019

Background:

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

TCAM provides asset management and advisory services to the organizations that provide capital to affordable housing, including investors, owners, and public agencies. TCAM’s work environment is fast-paced and dynamic as the client base continues to grow and services continue to evolve. TCAM is part of MRI Software, the largest provider of software solutions to the affordable housing industry. Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.

Position Summary:

TCAM, a MRI Software company, is seeking an Senior Loan Servicing Specialist to join our team in Washington, D.C. ! We are looking for an analyst with loan servicing or other relevant systems experience to play a key role implementing, enhancing, maintaining and trouble-shooting systems and processes used to deliver loan servicing to clients. This position is a critical role in a new team formed to address the needs of a major public agency client.

Responsibilities:

Work collaboratively with loan servicing team, contractors and MRI colleagues to monitor collections and address delinquencies across the portfolio
Process payments received and prepare data for posting/ deposit checks
Track and follow upon delinquencies
Negotiate and implement default mitigation strategies, including following up with appropriate documentation
Set up new loans, process bankruptcy notifications, and process exception payments
Address customer disputes with credit reporting agencies

Requirements:

Bachelor’s Degree or equivalent
A minimum of two years mortgage servicing or other relevant experience
Ability to read and understand documents such as promissory notes, deeds of trust and/or mortgages and title reports
Ability to calculate figures and amounts such as interest rates, principal and interest applications and late charges

Compensation:

based on experience

How to Apply:

https://www.mrisoftware.com/jobs/loan-administrator/

Director, Loan Servicing MRI Software
Washington, DC
Job Function: Lending/Loan Operations
Posted: September 18, 2019

Background:

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

TCAM provides asset management and advisory services to the organizations that provide capital to affordable housing, including investors, owners, and public agencies. TCAM’s work environment is fast-paced and dynamic as the client base continues to grow and services continue to evolve. TCAM is part of MRI Software, the largest provider of software solutions to the affordable housing industry. Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.

Position Summary:

TCAM, a MRI Software company, is seeking a Director, Loan Servicing to join our team in Washington, D.C.! We are looking for an experienced loan administrator to direct and help build a loan servicing program for a large public agency client. This position will be responsible for supervising loan servicing staff and a network of subcontractors to meet client expectations with respect to a large portfolio of residential and multifamily mortgages.

Responsibilities:

Supervise day to day loan servicing activities, responsibilities and deliverables to meet client expectations
Manage the work of a loan servicing staff and subcontractors to ensure efficiency and quality of client deliverables
Coordinate the work of loan servicing staff and subcontractors with that of MRI and TCAM colleagues in the DC office and in other parts of the organization
Maintain understanding of client programs, policies and procedures and knowledge of industry requirements and practices

Requirements:

Bachelor’s degree or equivalent
3-5 years of loan servicing and/or subservicing experience
Community based organization lending or servicing experience a plus
Management/leadership experience
Proficiency with loan servicing technology
Excellent analytical and communication skills
Initiative in addressing problems and developing better ways to work

Compensation:

based on experience

How to Apply:

https://www.mrisoftware.com/jobs/director-loan-servicing/

Senior Loan Officer Fondo Adelante
San Francisco, CA
Job Function: Lending/Loan Operations
Posted: September 5, 2019

Background:

At MEDA, we find meaning and fulfillment in investing in people’s lives. We work collaboratively to close the opportunity gap for low- to moderate-income Latino families in San Francisco’s Mission District by providing them access to affordable housing, career and small-business development, education and more. As MEDA continues to strengthen this community, we need more talented professionals dedicated to inspiring positive change – and driven to succeed in a fast-paced team environment. Be one of us!

Position Summary:

In 2015 MEDA launched a community loan fund – Fondo Adelante – to provide loans to small businesses in San Francisco and the surrounding region that are currently underserved by traditional and non-traditional lenders alike. Fondo Adelante provides loans ranging from $5,000 to $100,000 to qualifying small business owners. As Sr. Small Business Loan Officer you will originate, package, and close qualified loan applications for business loans up to $100,000. Fondo Adelante’s target market includes a wide spectrum of businesses, ranging from small, informal cash-based businesses with no formal credit and limited documentation to businesses with up to $2,000,000 in sales and 10-20 employees. Your work will make families’ dreams come true as they build and expand their businesses and help their community thrive.

Responsibilities:

Specifically, you will:

* Build relationships and a referral base among small business owners, business associations, community partners; participate in community events in the San Francisco Bay Area, specifically within Latino and immigrant communities.
* Attend business site visits, networking events, and other outreach events, dedicating at least 50% of time to outside-the-office networking and referral cultivation.
* Generate a strong pipeline of qualified loan applications that meet Fondo Adelante’s lending criteria and mission.
* Efficiently process complete application packages, including screening packages against product guidelines and required documents, entering and processing applications in our system, gathering all required documents, and closing out loans (approvals or declines) within a target timeframe.
* Analyze basic cash flow and repayment ability through interviews with business owners and review of loan applications, tax returns, bank statements, references, credit reports, employment and income verification, and collateral.

Requirements:

To perform successfully in this role, you will need to leverage these key qualifications:

* Significant sales experience in financial services (preferably business lending) as a loan officer, loan consultant, business banker, or sales rep at a microfinance institution, consumer lender, bank, credit union, leasing company or other financial institution.
* Commitment to MEDA’s mission and approach to economic and social justice; bilingual in English and Spanish is required.
* Bachelor degree in business related subject, and loan servicing and collections experience preferred; knowledge of or experience with under-banked, low-income, and underserved populations is highly desirable.
* Self-starter who goes beyond job description to make sure goals are achieved; demonstrated ability to consistently meet or exceed monthly sales quotas.
* Strong analytical, math skills with willingness to use qualitative and quantitative data in decision-making.
* Working knowledge of Excel required, and desire/ability to learn other software programs to manage loan portfolio.
* An entrepreneurial work ethic, creativity, and openness to exploring new ideas, systems, and financial tools.

Compensation:

Our core benefits include:

* Comprehensive medical, vision and dental insurance for employees and their
dependents – 100 percent covered by MEDA
* 401(k) Plan for employees
* Generous paid time off — minimum of 20 days for new employees
* Employee Assistance Program that offers free financial or legal counseling to employees
or their families
* Other forms of voluntary benefits

How to Apply:
Click on the link below and include your cover letter and resume. http://medasf.applicantstack.com/x/detail/a2lg3zaz9cuh

Program Officer - Community & Economic Development LISC
Philadelphia, PA
Job Function: Other
Posted: August 15, 2019

Background:

What We Do

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

Strategies We Pursue

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

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

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

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

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

Over the last 40 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 32 markets with offices extending from Buffalo to San Francisco. Visit us at www.lisc.org.

Philadelphia LISC is the Philadelphia chapter of LISC. As champions for equitable community development, Philadelphia LISC works alongside partners to transform underinvested neighborhoods into healthy, sustainable communities of choice and opportunity. Since 1980, Philadelphia LISC has invested $435 million and leveraged $1.5 billion in Philadelphia's neighborhoods to build or preserve 8,500 affordable homes and develop 2.3 million square feet of retail, community and educational space.

Position Summary:

Philadelphia LISC seeks a Program Officer to lead the execution of a holistic and strategic approach to community economic development that results in transformative and equitable outcomes envisioned by the communities we serve. The Program Officer will be responsible for the community and economic development program portfolio, which focuses on equitable development and includes community engagement, commercial corridors, creative placemaking and community safety. The ideal Program Officer does not need to be an expert in each of these areas, but should have enough familiarity with them to implement them as part of a wide range of community development strategies to advance LISC’s mission. These include building the capacities of community-based partner organizations; strengthening collaborations across sectors and industries and among community-based organizations, anchor institutions, and other corporate, civic and public sector organizations; identifying and leveraging investment opportunities; and advocating for policy and systems innovations. The ideal Program Officer also should be committed to results-oriented implementation that continuously draws from applied learning and evaluation. The Program Officer reports to the Deputy Director, manages 1 staff member on the community and economic development team, and collaborates with other staff in the Philadelphia and National LISC offices.

Responsibilities:

 Design and implement solutions to community/economic development issues utilizing LISC’s suite of programs, financing products and other tools. Coordinate projects and activities with Philadelphia LISC Housing & Health and Lending (real estate development and small business) Program Officers and National LISC Program staff as appropriate.
 Strengthen community-based organizations’ resource, organizational, programmatic, networking and political capacities by providing funding, strategic guidance, planning and project management, technical assistance, and training.
 Develop solid and respectful working relationships with community-based partner organizations and grantees. Maintain an in-depth knowledge of their organizational conditions, programs and projects.
 Work with other staff in developing strategic collaborations with and among community-based organizations, anchor institutions, and other corporate, civic and public sector organizations to leverage LISC’s capabilities.
 Plan, convene and facilitate meetings, trainings and workshops.
 Prepare and manage program budgets, in consultation with the Deputy Director and staff.
 Manage grants/contracts between LISC and community-based organizations, through the lifecycle of the contract, including negotiation, drafting, execution, monitoring compliance, evaluating performance, and maintaining contractual records.
 Manage grants/contracts between LISC and its funders.
 Manage contracts between LISC and its consultants.
 Assist the Resource Development team in identifying funding opportunities and preparing proposals, applications, reports, presentations and tours.
 Supervise 1 staff member and possibly 1 intern.
 Assume responsibility for special projects and other assignments, as needed.

Requirements:

 Bachelor’s degree from an accredited college or university required; graduate level education is a plus.
 5+ years experience in community/economic development or related field. Program or project management experience in or with community-based organizations is strongly preferred.
 Keen interest in and commitment to the community development mission of LISC.
 Highly motivated, solution-oriented individual who is self-directed, and able to successfully balance multiple priorities and time-bound projects/programs.
 Team-player skilled at collaboratively designing and implementing solutions.
 Skilled at facilitating meetings.
 Highly skilled at project management.
 Strong listening skills.
 Aptitude for applied learning.
 Working knowledge of the economic, political, and social environments of Philadelphia, especially lower-income neighborhoods, organizations, and community development efforts.
 Ability to interact with a diverse range of individuals and organizations, including but not limited to, residents, community development organizations, public agencies, private developers, funders and lenders.
 Attention to detail and deadlines, especially in the areas of contracts management and reporting.
 Experience and knowledge in government contracts management and compliance a plus.

Compensation:

LISC offers a competitive salary and excellent fringe benefits.

How to Apply:

Submit cover letter and resume to Melissa Kim, Deputy Director, at mkim@lisc.org, no later than September 16, 2019. Please include “Program Officer” in the subject line of your email. No phone calls please.

Loan Officer National Housing Trust
Washington, DC
Job Function: Lending/Loan Operations
Posted: August 1, 2019

Background:

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

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

Position Summary:

The National Housing Trust is seeking an experienced Loan Officer as we grow our two CDFI loan funds: The National Housing Trust Community Development Fund and the Institute for Community Economics.

The Loan Officer is primarily responsible for overseeing the analysis and underwriting processes of loans and building new lending relationships. The Loan Officer will also work with the Director of Lending to raise lending capital from mission-oriented investors.

NHT offers a full array of loan products in the Washington metropolitan region to support the production and preservation of affordable housing where we work and live. It is expected the Loan Officer’s primary focus will be on deployment in the DC, MD and VA region as we deploy several sources of targeted capital including a recent Capital Magnet Fund award.

The Loan officer will also support our national work as we offer affordable housing loan products for predevelopment and bridge financing needs, community land trust acquisitions, energy efficiency and renewable energy and other opportunities where mission focused owners and developers could not achieve their goals without our creative, flexible and patient capital.

Responsibilities:

In accordance with the Loan Policies and Procedures the Loan Officer will evaluate the credit worthiness and capabilities of the borrower /guarantor and/or the real estate collateral securing the proposed loan. Analysis will include, but not be limited to, performing financial analyses, third party review assessments, site visits, and evaluating feasibility and likelihood of repayment sources. The Loan Officer will also work on the closing and the asset management of loans in cooperation with the Loan Fund Administrator and the Director of Lending. Finally, this position will help to increase the visibility of NHT’s CDFI Loan Funds through marketing, business development and product development, and will be expected to build new lending relationships and work with the Director of Lending to raise lending capital from mission-oriented investors.

Loan Underwriting & Originations
• Produce financial analysis of both for- and non-profit sponsors and/or borrowers.
• Conduct thorough due diligence, review and evaluate various aspects of loan underwriting such as appraisal reviews, construction cost reviews, property condition reports, environmental reports, and site inspections.
• Oversee the loan closing process by reviewing loan documents and/or due diligence items required to close loans.

Marketing and Fundraising
• Respond to requests for information from current and prospective institutional investors
• Work on capital funding applications from Public and Private sources
• Build relationships with potential borrowers and funders (some travel will be required)

Requirements:

An undergraduate degree in business, finance, real estate, urban planning or related field is required. A graduate degree is preferred.
• A minimum of 5 years of work experience in real estate-based or business lending, including credit analysis, and at least 3 years of experience working in Affordable Housing Finance. Experience working at a CDFI is strongly preferred.
• Proficiency in analyzing financials of nonprofit and for-profit organizations and real estate operations.
• Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
• Knowledge of the closing process and loan documents utilized in real estate transactions.
• Familiarity with federal, state, and local government funding sources for capital and operating needs of affordable housing.
• Experience working with both private sector financial institutions and public agencies.
• Excellent written and verbal communication skills are required.
• Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
• Excellent skills in managing multiple tasks requiring strong attention to detail.
• Ability to work effectively in a team environment.
• Ability to travel.

Compensation:

Salary and benefits are commensurate with experience; Salary Range $80K-$100K

How to Apply:

Send resume and cover letter by email to hr@nhtinc.org. Keep cover letters short and specific to job description. Please write "Loan Officer" in the subject line. No phone calls or faxes.

NHT is an equal opportunity employer

Chief Program Officer, Executive Vice President HOPE Credit Union Enterprise Corporation
Jackson, MI
Job Function: Lending/Loan Operations
Posted: July 31, 2019

Background:

For 25 years, HOPE has helped marginalized residents across the Deep South climb the economic ladder by advancing financial inclusion, building assets, and by changing systems that disenfranchise families. HOPE is a family of organizations comprised of:

• a cooperative financial institution predominantly owned by people of color and women that drives capital into banking desert by converting every $1 of equity into $8 of insured deposits for community development financing, and that brings thousands of people from the economy’s edge into the financial mainstream (Hope Credit Union),

• a nonprofit intermediary that aggregates and braids public and private resources to fuel innovative, impactful solutions that foster jobs, education, access to healthy food, healthcare and affordable housing and other mobility drivers in high poverty places (Hope Enterprise Corporation), and

• an advocacy arm that shapes policies and practices to narrow opportunity chasms forged by decades of underinvestment – using data and analysis mined from our member-owners, communities, and internal subject matter experts; and that mobilizes Deep South residents and stakeholders around shared priorities (Hope Policy Institute). Together, these entities mitigate the extent to which factors such as race, gender, ethnicity, birthplace, and wealth obstruct the trajectory of one’s life. For over a quarter century, HOPE has positively impacted the lives of more than one million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, channeling more than $2.5 billion in financing into a range of community shaping, life-changing activities.

Position Summary:

The Chief Program Officer (CPO) will play a central role in advancing this work by guiding the direction, growth and soundness of HOPE’s Commercial Lending (CL) and Community & Economic Development (CED) activities. HOPE’s Commercial Lending team separates itself from other lenders by employing strategies that make capital affordable and accessible to underserved borrowers in a prudent and impactful manner. These include manual underwriting, flexible rates and terms, through the extensive use of credit enhancement programs, and leveraging financing from a range of bank, public and philanthropic resources. Further, HOPE often complements its financing with partnerships and strategies that provide technical assistance that strengthens the capacity of borrowers. Working in tandem with the Commercial Lending department, the Community & Economic Development team amplifies HOPE’s impact by identifying and structuring financing opportunities in key areas/sectors that bolsters economic mobility in vulnerable communities, such as affordable housing, healthcare, education, healthy food, and community facilities. The CED team manages HOPE’s New Markets Tax Credit program, Charter School Facilities Fund, Mid South Healthy Food Initiative, Low-income Housing Tax Credit program, Opportunity Zone Funds, and other high-impact activities. The CED team also leads HOPE’s Small Towns Partnership, collaborating with local leaders, residents and other key stakeholders to plan and implement strategies that increase economic mobility in economically distressed towns and neighborhoods.

Responsibilities:

Primary and Essential Functions

• Provide leadership, coaching, and management to senior leaders responsible for HOPE’s Commercial Lending and Community & Economic Development activities.

• Oversee the operational and portfolio performance of the Commercial Lending and Community & Economic Development areas, and make recommendations for overall effectiveness and continuous improvement.

• Foster collaboration with the Investor Relations team with regard to funding proposals and compliance with funder/investor requirements; with the Policy team on related advocacy; and with other areas as required.

• Reinforce an organizational culture that values open communication, innovation, employee engagement and other traits that contribute to collaboration and high performance.

Requirements:

Competencies/Skills

• Experience in the design and management of development finance programs;

• Ability to problem solve and think critically; high level of emotional intelligence

• Demonstrated success managing projects that involve multiple parties and people with diverse backgrounds and positions

• Strong writing skills

• Skilled in Microsoft Word and Excel Desired Qualifications

• Advanced degree in related field.

• Ten years of relevant experience, with a demonstrated track record of progressive leadership.

Compensation:

Commensurate with experience.

How to Apply:

https://recruiting2.ultipro.com/HOP1001HOPEE/JobBoard/34735991-1228-4a4b...

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