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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.

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

Loan Associate IFF
Detroit, MI
Job Function: Financial Services
Posted: July 9, 2018

Background:

The Organization

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. 

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor. 

Our staff of nearly 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. 

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor. 

Our staff of nearly 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

Position Summary:

Responsible for supporting the loan origination process by analyzing applicant financial, project and management capacity and preparing loan recommendations. Work closely with lenders across all IFF sectors and states on loan opportunities to determine long-term fit with IFF mission and credit requirements. Manages and maintains database information with responsibility for data integrity.

Responsibilities:

  1. Support the underwriting of loan opportunities.
    • Work directly with originations team lenders and potential borrowers to fully assess the applicant, project and financing request.
    • Spread applicant’s financials and provide historical analysis of applicant’s financial strengths and weakness in order to assess capacity for new debt. 
    • Compare liquidity, profitability, and credit histories of organization being evaluated with similar organizations within industry environment to determine risk relative to sector.
    • Input relevant information into loan evaluations and summaries.
    • Analyze borrower budget and projections to assess and stress test debt service capacity.
    • Assist lender with write-up and presenting at loan committee.
    • Provide an assessment of the collateral and contribution to risk mitigation.
    • Complete a risk rating of the proposed borrower(s).
  2. Build and maintain complete records in the Loan Management System (“LMS”) from inquiry through loan approval
    • Ensure LMS records are completed to track status of loans as they move from application to commitment stage including key data on source of loan, date of inquiry and other process points
    • Ensure a complete record in LMS on the account including key contacts, project information and impact data.
  3. Support the Portfolio Management team in entering information on current clients and other post close monitoring
    • Coordinate as needed obtaining information necessary.
    • Ensure that Portfolio Management team receives all relevant information for post- close relationship management and that files are complete.
  4. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.
  5. Perform other projects as assigned.

Performance Measures: 

  1. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications.
  2. Proactively seeks solutions to identified issues and challenges relating to loan program implementation.
  3. Timely, accurate and comprehensive analyses and reporting.
  4. Cultivates a culture of openness in information sharing.  Encourages open communication, cooperation, and the sharing of knowledge.
  5. Models personal accountability that promotes ownership and engagement.
  6. Builds and maintains effective working relationships with colleagues, peers and team members.
  7. Values and supports differences in others, contributing to an inclusive work environment.  Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.
  8. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

Education: Bachelor’s Degree required, preferably in business, accounting or finance or equivalent experience in a similar position. 

Previous Experience: Three years of experience in the areas of accounting, financial analysis, or credit for commercial, industrial and nonprofit organizations required. Ability to perform financial statement analysis including spreading financial statements and assessing cash flow metrics preferred.  

Special Knowledge & Skills:

  1. Analytical and business writing skills required to determine credit risk and to prepare credit presentations.
  2. Experience with commercial real estate or community development collateral and lending a plus.
  3. Proficiency in Microsoft Excel.
  4. Demonstrated interest in nonprofit sector.

Unusual Requirements: Occasional evening and weekend work.

IFF values equity, diversity and inclusion as part of its mission to strengthen nonprofits and the communities they serve.  IFF is an equal opportunity employer.

Compensation:

Compensation is evaluated based on position and experience with great benefits package.

How to Apply:

Applicant must submit a cover letter, resume and salary requirements to careers@iff.org with “Loan Associate” in the subject line of the email.

Deposit Raising Associate Self-Help Federal Credit Union
Oakland, CA
Job Function: Business Development
Posted: July 2, 2018

Background:

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 19 branches in California, 3 branches in Illinois, 2 branches in Florida, approximately $680 million in assets, and serving more than 80,000 members and clients, Self-Help Federal is one of the fastest-growing low-income designated credit unions in the country. It is part of the national Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For 36 years, the Center for Community Self-Help and its affiliates have provided $7.2 billion in financing to help over 121,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources. For more information, go to www.self-helpfcu.org and www.self-help.org. We are an equal opportunity employer: SHFCU is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion (and lack thereof), disability that can reasonably be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition (physical or mental), AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, and veteran status.

Position Summary:

The Deposit Raising Associate provides day-to-day transactional and operations support to deposit raising efforts of the Investment Associate, as well as support to Area/ Branch management and Call Center staff in their deposit-raising efforts. The objective is to provide impact investors in the credit union with the highest quality of service and satisfaction. 

This is a position that was created out of a need to better steward and support Self-Help depositors and investors. The new hire would work with the Investment Associate on the organization's national deposit raising goals for Self-Help Federal Credit Union. We are looking for someone who ideally has some experience working in CDFIs or social justice organizations, or some background in customer service and/or Operations. The associate would be relationship manager for many of our largest investors in Self-Help and would offer support in account opening, stewardship, and general management of these accounts. There would also be opportunity for growth as our deposit raising arm grows.

Responsibilities:

  • Demonstrate Self-Help's core competencies:
    • Mission and Values
    • Standards of Excellence
    • Teamwork and Collaboration
    • Initiative and Follow-Through
    • Customer Focus
    • Communication
  • Work effectively and cooperatively with the Investment Associate, Branch Operations, and Call Center staff to ensure the highest level of member support is provided for investor deposit members.
  • Ensure quick and accurate responses are made to investor deposit member inquiries from all sources, including:
    • Self-Help Website
    • Self-Help Federal Credit Union secured home banking portal
    • Self-Help Federal Credit Union mobile application chat/portal
    • Meridian Link Online Account Application
    • Email and phone calls
  • Ensure all investor deposit activity is implemented in compliance with Self-Help Federal policies and procedures and in compliance with federal laws and regulations set forth by the National Credit Union Administration and other regulatory agencies.
  • Manage investor deposit activities, including but not limited to: new account openings (including preparing and sending Welcome Packets), renewal requests, payment changes & processing, updating member paperwork with new signers, audit/balance confirmations, statement or tax  duplicate copies, website/online inquiries and trouble-shooting, and annually calling members whose accounts have gone dormant and marked at risk of being escheated.
  • Steward National MSD accounts in coordination with Investment Associate, including:
    • Proactively communicate with depositors about rate changes and regulatory/compliance changes
    • Engage with large MSD accounts (over $50,000) on at least a quarterly basis with audited financials, Self-Help press or news, annual report/impact statement, holiday cards or handwritten notes, creation of reports, or other engagement touchstones.
    • Proactively engage with depositor prior to CD maturity with goal to maintain or increase deposits at every opportunity.
  • Proactively recommend action plans to improve operational policies, procedures and controls, and mitigate controllable losses in operations.
  • Serve as first escalation point for investor deposit member issues, and assist Investment Associate with a resolution of more complex or specialized issues including member complaints, exceptions or requests to speak with management.
  • Assist with the identification/research of and outreach to current and potential investor deposit members.
  • Work on special projects, as needed.

Requirements:

Education and/or Experience:

  • High School Diploma or equivalent
  • Bachelor’s degree preferred
  • At least 1 year relevant experience working in a financial institution or CDFI preferred

Knowledge, Skill and Ability:

  • Knowledge of customer service principles and processes, including customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Strong project management skills – ability to effectively plan, organize, and prioritize multiple tasks and/or projects to meet objectives and deadlines.
  • Excellent communications, customer service, and interpersonal skills; flexible and team player.
  • Maintain knowledge of product trends, industry and financial market trends, and competitive offerings.
  • Analytical (financial and operational data), reporting skills and problem-solving skills.
  • Proficient with Microsoft Office suite.
  • Good writer/editor.
  • Excellent problem solving skills.
  • Desire to work in a diverse and team-oriented environment.
  • Interest in social justice and consumer advocacy preferred.

Compensation:

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

How to Apply:

Please apply to our Human Resources Department:

Interested individuals please send a resume and cover letter to cahiringmanager@self-helpfcu.org and reference this job, Deposit Raising Associate in the subject line of your message.

Relationship Manager. Community Development Lending USBank.Community Development Corporation
Chicago, IL
Job Function: Financial Services
Posted: June 25, 2018

Background:

U.S. Bancorp Community Development Corporation (USBCDC) provides tax credit investments, loans, and banking services to organizations and projects that support affordable housing and economic development in underserved communities across the country.

 

UDSBCDC is a subsidiary of USBancorp, 

U.S. Bancorp, with 74,000 employees and $460 billion in assets as of March 31, 2018, is the parent company of U.S. Bank, the fifth-largest bank in the United States. The Minneapolis-based bank blends its branch and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank online or follow on social media to stay up to date with company 

Position Summary:

The Community Finance Relationship Manager position is part of the Specialty Finance team within USBCDC.  Specialty Finance provides loans, investments, and banking services to Low Income Housing Tax Credit (LIHTC) Syndicators, Community Development Financial Institutions (CDFIs), Affordable Housing Consortiums, and to New Markets Tax Credit and Historic Tax Credit transactions.  The Community Finance Relationship Manager will report to the Director of Specialty Finance, and will work closely with staff across the team and department.   

This position, while listed in Chicago, Illinois can be seated in multiple locations. 

Responsibilities:

  • Loan Origination.
  • Business development, structuring, underwriting, and closing loans primarily to LIHTC Syndicators, Affordable Housing Consortiums, and other community development real estate funds.
  • Source new business through establishing and deepening relationships with existing clients, and prospecting new clients.  Partner with USBCDC’s LIHTC Equity team to provide comprehensive capital solutions to customers.
  • Underwrite the financial strength of fund sponsors, the financial strength of fund investors, and the transaction’s overall capital structure.  Where applicable, underwrite the credit quality of a fund’s real estate portfolio.
  • Ensure that subject transactions are underwritten in compliance with U.S. Bank credit policy.
  • Prepare comprehensive written credit memos, and recommend credit approval to USBCDC senior management and USB Credit Risk Management.
  • Negotiate legal documentation with borrowers, in coordination with internal and external legal counsel.
  • Coordinate with USBCDC Deposit & Payment Solutions team to provide banking services and products to customers.
  • Relationship Management
  • Coordinate with portfolio managers and loan servicing team to manage existing relationships, including completion of annual reviews, ongoing covenant compliance, and internal credit audits.

Requirements:

Basic Qualifications 

  • Master's degree, or equivalent work experience 
  • 10 or more years of commercial lending experience 

Preferred Skills/Experience 

  • Strong relationship management and business development/sales skills 
  • Well-developed analytical and problem-solving skills 
  • Considerable knowledge of credit and credit quality 
  • Thorough knowledge of bank products and services 
  • Ability to work effectively with individuals and groups in managing customer relationships 
  • Excellent presentation, verbal and written communication skills

Compensation:

A very competitive salary and bonus structure combined with a strong benefits package

How to Apply:

https://usbank.taleo.net/careersection/10000/jobdetail.ftl?job=180015208&tz=GMT-05%3A00

National Underwriter Local Initiatives Support Corporation (LISC)
Los Angeles, SFO, NYC or Chicago, NY
Job Function: Lending/Loan Operations
Posted: June 20, 2018

Background:

LISC is a national nonprofit intermediary that provides financial and technical assistance to community-based organizations, public agencies and private nonprofit and for-profit entities focused on the redevelopment of urban neighborhoods and rural communities. The organization works through 31 local offices in urban sites and a national rural program which operates in 44 states. LISC assists its local partners with the development of affordable multifamily and senior and other supportive rental housing, for-sale housing and homeownership initiatives, commercial, retail and economic infrastructure developments, community facilities and various community-building programs such as employment, child care, health care and open space. Please see www.lisc.org for additional information about LISC and its national and local programs.

A core function of LISC is its operation as a loan fund. LISC provides various loan products to a wide array of project types.  All loans are subject to oversight by LISC’s Lending Department.  In 2017, LISC approved $301 million of new loan commitments, and the outstanding loan portfolio at year-end was $350 million. LISC is looking to grow its lending volume in the years ahead.

Position Summary:

LISC is seeking qualified candidates to fill the newly created position of National Underwriter. This position will be part of LISC’s Lending Department and will report to LISC’s Vice President, Business Development or Chief Credit Officer. The National Underwriter will be responsible for providing technical assistance to LISC local program staff and underwriting on behalf of LISC local programs across a wide array of community development product types and asset classes. The National Underwriter will work in concert with Lending and Legal department staff and lending staff in the field and serve as a coordinator of national LISC lending resources. The National Underwriter’s interaction with local program staff will be largely determined by local capacity and the strategic priority of the work at hand. High capacity offices with experienced staff may require structuring and underwriting feedback at certain key junctures, while smaller less experienced offices may require more significant underwriting support. The position will provide customized assistance to local offices across the full range of lending activities, including structuring, underwriting, and closing of LISC loans. 

Responsibilities:

  • Provide technical assistance to local Program Officers that perform primary underwriting in the form of structuring assistance and ancillary underwriting support and guidance concerning compliance with LISC’s underwriting criteria.
  • Serve as primary underwriter for certain local offices and certain transactions, including working with borrowers to structure the transaction, conducting due diligence and financial analyses, and drafting credit memoranda. 
  • Present loan recommendations to LISC’s credit committee and Board of Directors, as applicable.
  • Facilitate loan closings by working with counsel and borrowers on loan documentation and ensuring that all closing conditions have been satisfied.
  • Work with local staff, the Executive Directors and other partners to design new loan products and lending programs and create related marketing, informational and application materials. 
  • Provide technical assistance support to partners to position their organizations to successfully implement more complex real estate developments. 
  • Perform other related duties as needed.

Requirements:

  • Bachelor’s degree required; post-graduate degree strongly preferred.
  • Minimum seven years real estate lending or credit review experience at a bank, nonprofit financial intermediary or similar institution.
  • Strong capacity in transaction structuring and underwriting, including ability to analyze financial statements, project development budgets, and project operating pro formas.
  • Familiarity with government subsidies and tax credit programs.
  • Excellent interpersonal skills and ability to work effectively across the LISC network of local and national programs and affiliates, including the National Equity Fund, Inc. (NEF) and New Markets Support Company (NMSC).
  • Good organizational abilities, including ability to work independently and to manage multiple assignments simultaneously.
  • Strong written and oral communication skills and excellent attention to detail.
  • Willingness to travel.

Compensation:

LISC provides a competitive salary and excellent fringe benefits for this position. Flexibility on geographic location with preference for West Coast. The position is available immediately.

How to Apply:

To apply, please email a cover letter and resume to:

Malini Nayar
Vice President, Business Development
Local Initiatives Support Corporation
501 Seventh Avenue – 7th Floor, New York, New York 10018
mnayar@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Housing Underwriter Local Initiatives Support Corporation (LISC)
New York or Other Location, NY
Job Function: Lending/Loan Operations
Posted: June 20, 2018

Background:

LISC is a national nonprofit intermediary that provides financial and technical assistance to community-based organizations, public agencies and private nonprofit and for-profit entities focused on the redevelopment of urban neighborhoods and rural communities. The organization works through 31 local offices in urban sites and a national rural program which operates in 44 states. LISC assists its local partners with the development of affordable multifamily and senior and other supportive rental housing, for-sale housing and homeownership initiatives, commercial, retail and economic infrastructure developments, community facilities and various community-building programs such as employment, child care, health care and open space. Please see www.lisc.org for additional information about LISC and its national and local programs.

A core function of LISC is its operation as a loan fund. LISC provides various loan products to a wide array of project types.  All loans are subject to oversight by LISC’s Lending Department.  In 2017, LISC approved $301 million of new loan commitments, and the outstanding loan portfolio at year-end was $350 million. LISC is looking to grow its lending volume in the years ahead.

Position Summary:

LISC is seeking candidates for the position of Housing Underwriter in the organization’s Lending Department. The Housing Underwriter will provide technical assistance, and in some instances direct underwriting support, to local Program Officers in the field and serve as primary underwriter for a set of national and regional borrowers that operate in multiple LISC markets. The Housing Underwriter will have deep knowledge of public and private resources available to leverage LISC’s investment and will provide support to strategically deploy LISC’s full array of financing products, including loan products, lines of credit, and tax credit equity, working alongside LISC affiliate National Equity Fund, Inc. (NEF). The Housing Underwriter will report to the Vice President, Business Development or Chief Credit Officer.

Responsibilities:

  • Screen, structure and underwrite financing requests, including analyzing operating performance, historical and projected financial performance, management capacity, organizational structure, and project feasibility for affordable housing projects. 
  • Provide support to local LISC staff on project-specific analysis, deal structuring assistance and underwriting for affordable multifamily rental housing transactions and single family for-sale and rental transactions.
  • Collaborate with internal and external parties (banks, co-lenders, attorneys, etc.) to structure financings including managing intercreditor negotiations; reviewing real estate contracts, leases and due diligence; and identifying and negotiating key risk mitigants including reserves, guarantees and other forms of credit enhancement.
  • Present loan recommendations to LISC’s Credit Committee and the Board of Directors, as necessary, and manage the closing process with in-house and external counsel.
  • Provide technical assistance to internal LISC staff on project planning, development models and financing options. 
  • Coordinate internal and external relationships that are critical to growth of the housing lending portfolio including relationships with LISC Housing and LISC Policy staff and other national and local staff, originators of Low Income Housing Tax Credit transactions via LISC affiliate NEF, financial institutions and other program partners.
  • Work with LISC management and LISC Housing to develop strategic collaborations with public sector agencies at the local, state, and federal levels that leverage LISC’s capabilities and national platform.

Requirements:

  • Bachelor’s degree in business, finance, real estate or related fields. Master’s degree preferred.
  • At least 7 years of demonstrated experience with housing and community development and/or multifamily real estate development is preferred, including project financing, market analysis, deal structuring, and financial analysis. 
  • Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
  • Deep knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity.
  • Strong understanding of and experience with community development financial models, including but not limited to low income housing tax credit investments, new markets mixed use tax credit investments, tax-exempt bonds and federal, state and city subsidy programs, including HUD programs.
  • Strong verbal and written communication skills.
  • Highly detail-oriented.
  • Demonstrated interest in LISC’s community development mission.

Compensation:

LISC provides a competitive salary and excellent fringe benefits for this position. Flexibility on geographic location.

How to Apply:

The position is available immediately. 

To apply, please email a cover letter and resume to:

Malini Nayar
Vice President, Business Development
Local Initiatives Support Corporation
501 Seventh Avenue, 7th Floor
New York, NY 10018
Email: mnayar@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Strategic Communication Coordinator Fahe
Berea, KY
Job Function: Marketing/PR
Posted: June 13, 2018

Background:

Want to make a difference? Fahe is on a mission to eliminate persistent poverty in Appalachia. Our unique collaborative model connects a Network of local, regional, and national leaders, all working together to uplift our nation’s rural places. Since our inception in 1980, the Fahe Network has served more than 450,000 people, made $703.5 million in direct investments, and achieved a total cumulative financial impact of over a billion dollars in Appalachia.

Position Summary:

This entry-level position has two primary responsibilities – first to coordinate the workflow of  Fahe’s Strategic Communication Team which is responsible for Communication, Development, Marketing both digital and traditional, Advertising, Public Relations, Research, Evaluation, and Graphic Design. Secondly, this position will be create and maintain project-based schedules, fielding work requests from the company at large. In addition, the position will have the opportunity to learn more and participate in a number of special interest areas related to the fields described above.

The ideal candidate will

  1. Be an eager learner who enjoys new challenges
  2. Demonstrate superb organization skills
  3. Exhibit strong interpersonal communication skills and the capacity to work constructively and teams
  4. Have the ability to write in a clear, error-free manner.

Responsibilities:

  • Serves as initial point of contact for company-wide requests
  • Manages workflow, tracks deadlines, and coordinates departmental priorities
  • Creates and manages processes for updating materials
  • Assists with administrative tasks as needed to include: scheduling, travel logistics, taking notes, preparing reports
  • Demonstrates superb communication skills, including Customer Service, assuring effective internal communication, developing professional relationships with stakeholders, and writing clearly for multiple audiences.

Requirements:

Requirements for this position include:

  • Excellent customer service approach with ability to multi-task;
  • Ability to work independently and collaboratively;
  • Articulate; Self-motivated
  • Strong organizational skills with strict attention to detail;
  • Excellent written and verbal communication skills;
  • Demonstrate a professional demeanor;
  • Ability to retain and adapt within a consistently changing environment;
  • Knowledge and proficiency working with MS Office applications; and
  • Passion for Fahe’s mission.

Preferred Education and Experience:

  • Bachelor’s Degree in Communication, Marketing, or a related field, previous experience a plus but not necessary

Compensation:

TBD

How to Apply:

Fahe is an Equal Opportunity Employer seeking applicants who can bring diverse viewpoints, experience, talents, and culture to promote our organization’s mission of eliminating persistent poverty in Appalachia. We offer a diverse work environment with competitive salaries and excellent benefits. Visit www.fahe.org to learn more about Fahe.

Qualified candidates may submit a resume and cover letter to hr@fahe.org or mail to Fahe/ATTN: Human Resources; 319 Oak Street; Berea, KY  40403.

Director Access APlus Capital Access + Captial
Fresno, CA
Job Function: Finance
Posted: May 2, 2018

Background:

Fresno EOC. We are a non-profit loan fund that helps small business owners by offering affordable financing and providing business advisory training. 

OUR MISSION

At Access Plus Capital we envision an economically prosperous Central California powered by entrepreneurs. 

Our mission is to finance small businesses and create jobs in underserved communities. 

 

Position Summary:

The Director of Access Plus Capital reports to the Chief Executive Officer of Access Plus Capital and is responsible for the company's day-to-day operating activities, including supervising Credit, Underwriting, Data Processing, Portfolio Management and Business Development team and to sustain and grow the company.

Assist in the fulfillment of the agency's vision by empowering individuals who thrive as healthy, self-sufficient and contributing members of our communities.

 

Responsibilities:

  • Supervise Credit/Processing, Business Development, and Portfolio Management departments, overseeing development of goals and measurement of key performance indicators.
  • Develop and implement strategic plans to increase efficiency and effectiveness of agency operations.
  • Maintain knowledge of laws, regulations, and guidelines within the banking/Community Development Financial Institution (CDFI) industry to ensure compliance with regulatory agencies and organizations.
  • Develop, establish, and direct execution of operating policies and procedures to support overall company policies and objectives.
  • Direct company operations to meet budget and other financial goals.
  • Advise the CEO on the Board Agenda items.
  • Direct short-term and long-range planning and budget development to support strategic business goals.
  • Review, monitor and evaluate internal financial management and budget controls of program expenditures.
  • Establish the performance goals, allocate resources, and assess policies for senior management.
  • Demonstrate successful execution of business strategies for company products and services.
  • Direct and participate in acquisition of growth activities to support overall business objectives and plans.
  • Manage portfolio review and collections activities.
  • Manage loan write-offs and troubled assets including repossession and liquidation of collateral as well as working with agency attorneys on legal actions required for loan recovery.
  • Manage the agency’s information technology implementation, administering various lender portals and IT vendor contracts.
  • Participate in capital market development, including participation in workshops, bank meetings, analyst meetings, etc. 
  • Represent the program before funding source Boards and committees.
  • Participate in the Fresno EOC Directors meeting.
  • Attend Business related conferences and seminars on behalf of the CEO.
  • Recruit, train, supervise, and evaluate program staff.  Assures a safe, productive, organized, respectful, and instructive work/service environment.
  • Travels for agency business using personal vehicle.
  • Performs other duties as assigned.

Requirements:

To execute this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EXPERIENCE

  • At least five (5) years of experience, with three (3) in senior level position, in a bank, credit union or some other financial institution.
  • At least three (3) years’ experience of budgeting, business development and strategic development.
  • At least three (3) years’ experience in understanding Small Business’ Financial Statements.
  • At least three (3) years’ experience with managing lending operations including business development, underwriting, loan processing, and/or portfolio management.
  • Experience and working knowledge of Small Business Administration (SBA) programs including SBA Micro, 7a, and/or 504.

 

Compensation:

Salary $6,794 - $7,184/MONTH or DOE

How to Apply:

www.fresnoeoc.org/careers

Director, Business Advising Pacific Community Ventures
San Francisco, CA
Job Function: Business Development
Posted: April 30, 2018

Background:

Pacific Community Ventures is a nonprofit social enterprise and community development financial institution (CDFI) with a 20-year track record of empowering small businesses, mission investors, and policymakers to create good quality jobs for working people and build an economy that works for everyone. Our programs strengthen small businesses and strengthen communities.

PCV’s BusinessAdvising.org is an award-winning national small business mentoring platform that connects entrepreneurs with pro-bono advisors. We target diverse entrepreneurs working in economically underserved communities and pair them with volunteer business advisors from major banks, consulting firms, and Fortune 500 companies who provide free tailored, confidential assistance to help people meet small business challenges and seize new opportunities. Over the past decade we’ve helped thousands of small businesses thrive, grow, and create tens of thousands of good local jobs.

BusinessAdvising.org is supported by revenue-generating partnerships with organizations like Google, Capital One, PayPal, Opportunity Fund, and eBay, enabling us to reach more small business owners and advisors than we could ever do on our own.

BusinessAdvising.org combines technology with personal interaction. Leveraging our advanced matching algorithm and cloud-based platform lets us work with thousands of people cost effectively. Personal connections drive repeat engagement and high levels of satisfaction, generating commitment and loyalty. Small businesses working with BusinessAdvising.org increase their annual revenue by 20% on average, and add jobs at ten times the national rate.

Position Summary:

Do you believe in the power of small businesses to strengthen communities and create good local jobs? Do you thrive on developing new business partnerships that will make the world a better place?

Then you just might be the person PCV is seeking! The Director of PCV’s BusinessAdvising.org program is a newly-created position charged with leading and growing our unique and innovative small business mentoring platform. BusinessAdvising.org has been growing by 20%–40% annually for three years, and is now serving almost 400 small business owners across the country each year with a network of over 1,000 volunteer advisors. The growth has largely been driven by partnerships with other community lenders, economic development agencies, and corporations like PayPal, eBay, and Google.

The Director will lead our BusinessAdvising.org team, manage existing partnerships, work closely with the President and CEO to develop new revenue-generating partnerships, and continuously improve the BusinessAdvising.org model, enabling us to serve thousands of small business owners across the country.

Responsibilities:

  • Cultivate and manage partnerships, including:
    • Tracking progress and delivering on partnership goals
    • Collaborating with Marketing on communication to attract and retain small businesses and volunteer advisors
    • Collaborating with PCV InSight to capture and report on impact metrics
    • Managing partner relationships to ensure satisfaction and repeat engagements
  • Conducting business development to secure new paid partnerships, including:
    • Recommending product options and pricing to meet partner needs
    • Developing pitch decks and presenting to prospective partners
    • Collaborating with Marketing on communication and lead generation strategies to attract new fee-for-service clients
    • Capturing learnings from past engagements to inform “who and what we sell”
    • Representing the organization at local events
  • Manage the team
    • Develop clear responsibilities for manager and associate, and help them develop in their careers
    • Create people strategy to efficiently serve small businesses and advisors as we scale.
  • Oversee and continually improve the model, including:
    • Recruitment and delivery model and metrics for both small business owners and volunteer advisors
    • Developing strategies for reaching and better serving the needs of minority-led small businesses and other underserved entrepreneurs
    • Testing new approaches to foster positive outcomes among small business owners, including ways a good jobs focus can drive better financial results for business owners
    • Financial modeling and projections
    • Marketing strategies and metrics, in collaboration with Director of Marketing and Communications
    • Impact tracking technology, methodology, and execution, in collaboration with PCV InSight team
    • Technology strategy

Requirements:

  • 8+ years of work experience, including at least 2 years in a business development role
  • Successful track record of large client acquisition and retention in a B2B, service-oriented industry
  • Strong networking and relationship-building skills
  • Outstanding people leader
  • Strategic and data-driven decisionmaker who embraces technology
  • Models PCV’s core values:
    • Coming from a place of yes
    • Living our mission
    • Oriented towards transparency
    • Seeking collaboration
    • Exhibiting empathy
  • Fluency in Spanish is highly desired
  • Experience in working with small businesses and/or community economic development is a plus
  • Associate’s or Bachelor’s degree required, masters preferred

Compensation:

Competitive with excellent benefits for full-time employees including: health and dental insurance, paid time off and holidays.

How to Apply:

To apply for this position, send a resume and cover letter to: HR@pcvmail.org. Please include the title of Director, Business Advising in the subject of your email.

 

We aim to be a diverse and inclusive place to work. We value new perspectives, original ideas and different ways of working. We believe that diverse views and experiences improve the way we do our work. PCV is an equal opportunity employer; applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law.

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