ABOUT COOPERATIVE FUND OF NEW ENGLAND
The Cooperative Fund of New England (CFNE) is a community development financial institution (CDFI) founded in 1975 to provide financing and technical assistance to co-ops and community based nonprofits in New England and parts of New York. Since our inception, CFNE has loaned over $50 million from social investors in over 900 loans to new or expanding co-ops and nonprofit organizations. This financing has created or retained scores of jobs, thousands of units of affordable housing, and thousands of business ownership opportunities. Borrowers have brought necessities like food and education into underserved rural and urban communities. CFNE has experienced a remarkably high borrower repayment rate of over 99%, due in part to the broad community involvement required to successfully launch a cooperative. As a U.S. Treasury certified CDFI, CFNE predominantly serves households and businesses in low-income communities and is committed to working for economic, social and racial justice.
With an active and engaged Board of Trustees and a committed and experienced staff of seven spread across the region, CFNE is committed to:
• Providing financial products at reasonable rates
• Developing business skills within our borrowers
• Offering an investment opportunity that promotes socially conscious enterprise
For more information on CFNE, please visit www.cooperativefund.org.
CFNE seeks a highly skilled and collaborative leader to replace the organization’s long-time Executive Director upon her retirement and build upon its 44 years of growth and impact. Reporting to the Board of Trustees, the next Executive Director will oversee all management activities for the organization including, but not limited to, working with the Board of Trustees, leading strategic planning, preparing annual goals and actions for the organization, and monitoring the budget and performance of the organization. The Executive Director will lead a highly skilled and committed team of 7 staff who work from home offices throughout New England. The ideal candidate will be a proven and respected leader with a demonstrated commitment to economic, social and racial justice and will possess the skills to maintain excellence in the execution of a growing loan fund. The Executive Director will be excited by the opportunity to grow the organization’s impact on its target markets in the coming years.
Reporting to the Board of Trustees, this position is full-time, will be based remotely in New England, and requires travel throughout the region.
Key responsibilities of the Executive Director include:
Vision and Executive Leadership
• Represent and execute CFNE’s vision and mission; seek to update and strengthen a vision that is inclusive and able to bring CFNE into new markets and take on strategies required in the future
• Maintain a positive, supportive and collaborative culture within an organization that is virtual
• Partner with the Board on strategic organizational planning
• Plan and attend regular staff, Board and committee meetings (both virtual and in person) and assist with Board recruitment
• Ensure that CFNE is managed in a fiscally and socially responsible fashion, manage to the annual and long term budgets and ensure that financial statements, budgets and loan documentation are properly prepared
• Ensure compliance with all city, state and federal laws, regulations and funding requirements along with other grant or foundation funding reguirements
• Recruit, develop and maintain a strong remote team to ensure a high-performance culture and continued empowerment of the staff through education and mentoring
Program and Product Development
• Oversee loan portfolio and ensure that all lending programs are executed with financial performance in mind and are aligned to CFNE’s mission, vision and community priorities
• Maintain and develop relationships with financial partners, banks and loan funds and identify opportunities for loan participations
• Identify the need for, and provide access to, technical assistance for borrowers and prospective borrowers
• Ensure that CFNE’s products and activities evolve continuously to meet the needs of the communities it serves and proactively seek to ask and reach into new communities in an equitable manner
• Lead staff in consistent and meaningful product innovation
• Oversee the business development process with prospective borrowers and ensure that communications and interactions with all borrowers reflect the mission and principles of the organization
Resource Development/External Relations
• Serve as a positive and visible representative of CFNE with audiences and partners throughout the region and nationally
• Ensure that CFNE is able to identify the resources necessary for the financial sustainability of the organization and achievement of its mission
• Represent CFNE at conferences and with CDFI industry organizations, cooperative movement organizations, investors, borrowers, community advocates and other partners and stakeholders.
• Maintain and grow relationships with both public and private investors across the region and nationally and oversee the organization’s fundraising
• Advocate for policies and programs that support the mission of CFNE
• Form partnerships and work collaboratively with other organizations and stakeholders to accomplish goals
• Assure the integrity and growth of the CFNE brand, including effective marketing, outreach and promotion to investors, potential borrowers and partners alike
The ideal candidate will have the following professional and personal skills, competencies and characteristics:
• Deep commitment to the mission and values of CFNE
• 5+ years of senior leadership experience in the community development, lending or cooperative space
• Demonstrated success in team leadership, with a successful track record of inspiring a mission-driven team to achieve results
• Demonstrated success in identifying and securing resources to support an organization
• Strong financial management skills and experience with budgeting and forecasting
• Demonstrated commitment to diversity, equity and inclusion and an excitement about reaching into communities that CFNE has not yet fully accessed
• Exceptional presentation and communication skills, and the ability to serve as a compelling ambassador for CFNE with a variety of stakeholders
• High level quantitative and analytical aptitude along with strong problem-solving skills, in support of sound decision making
• Knowledge of branding and marketing techniques and a willingness to serve as a positive ambassador for the organization
• Strong interpersonal skills and a collaborative, energetic approach; eager to develop productive relationships with a diverse group of colleagues, the Board of Trustees, borrowers, investors, financial partners, and others who contribute to CFNE’s mission
• Willingness to travel within the community and nationally as needed to meet the organization’s goals
• Advanced degree in finance or related field preferred
How to Apply:
Erin Reedy and Shelby Woods of Koya Leadership Partners have been engaged by CFNE to help in this hire. Please submit a compelling cover letter and resume here.
Cooperative Fund of New England is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
ABOUT KOYA LEADERSHIP PARTNERS
Koya Leadership Partners is a national retained executive search and human capital consulting firm that works exclusively with mission-driven organizations, institutions of higher education and social enterprises. We deliver measurable results, finding exceptionally talented people who truly fit the unique culture of our client organizations and ensuring that organizations have the resources and strategies to support them. For more information, visit www.koyapartners.com.
The Low Income Investment Fund is a national non-profit community development financial institution, with headquarters in San Francisco and offices in Los Angeles, New York and Washington D.C. LIIF builds healthy communities by bridging the gap between private capital markets and low-income neighborhoods. LIIF is a steward for capital invested in affordable housing, childcare, education and other community initiatives.
The Asset Manager, New Markets Tax Credits (NMTC), is responsible for the overall asset management of a portfolio of transactions which use NMTCs with or without loans to support the development of charter school, community health care, child care, mixed-use and other community facilities. In this function, the Asset Manager with work closely with the Deputy Director of New Markets Tax Credits, the Manager of Asset Management & Underwriting and Chief Credit Officer.
This role will also support LIIF’s organizational-level program and compliance activities for NMTCs, which will require collaboration with various departments within LIIF, including Lending, Finance and the General Counsel as well as external parties outside of LIIF such as NMTC Investors, Borrowers and other Allocatees.
As part of the Lending team, the Asset Manager ultimately works to support the achievement of regional and overall Lending work plan goals and supports the operational effectiveness of LIIF’s NMTC activities.
The Asset Manager, NMTC reports to the Manager, NMTCs, with a “dotted line” reporting relationship to the Manager of Asset Management & Underwriting
NMTC Portfolio Management:
•Loan Monitoring – The Asset Manager is responsible for the ongoing asset management of a portfolio of transactions that utilize LIIF’s NMTC product, including developing a relationship with each borrower and conducting regular loan monitoring reviews. S/he prepares Loan Monitoring Reports for each loan on a regular schedule to review overall asset and credit quality, including performance against original underwriting expectations and ongoing compliance with NMTC program requirements. The Asset Manager is responsible for making recommendations to senior management by integrating and analyzing these data and making judgments on their significance and quality.
•Site Visits – The Asset Manager conducts regular site visits and prepares site visit reports for loans in his/her portfolio in accordance with LIIF’s lending procedures.
•Loan Extensions and Modifications – The Asset Manager will be responsible for any required loan extensions and modifications in his/her portfolio. For loans where the borrower is seeking an extension or modification, the Asset Manager will work closely with the borrower to provide an assessment of the necessity, feasibility and credit-worthiness of such extension or modification, and communicate same with the Manager of NMTCs, Manager of Asset Management & Underwriting and the Chief Credit Officer. The Asset Manager will conduct an analysis of the credit and then make and support a recommendation as to the extension or modification terms and conditions, if an extension or modification is deemed appropriate.
•Non-performing Loans – The Asset Manager will assume responsibility in managing non-performing loans, including but not limited to: conducting site inspections, appraisal reviews, borrower and project financial analyses; participating with the Deputy Director and, in the case of NMTC transactions that include LIIF debt, with the Chief Credit Officer in developing loan restructuring strategies and alternatives; monitoring compliance with loan restructure agreements, and preparing monitoring reports and action plans.
•NMTC Unwinds – The Asset Manager will lead the formal unwind process for his/her NMTC transactions, which occur at the end of the NMTC compliance period. This involves working closely with legal counsel to structure the Unwind, secure internal credit and business approvals, and negotiate the necessary legal documents.
NMTC Program Management
•NMTC Transaction-level Activities: The Asset Manager, NMTC, working closely with the other members of the NMTC team, leads LIIF’s reporting efforts to the CDFI Fund. This includes management of LIIF’s NMTC-related IT system, engaging with CDFI Fund compliance staff, and leading the completion of LIIF’s annual transaction-level reporting to the CDFI Fund. This will involve collaboration with other NMTC Allocatees on impact data. Additionally, s/he may be asked to assist with closing documentation including: Community Benefits Agreements and Multi-CDE Agreements.
Customer Service: The Asset Manager will maintain a positive and professional relationship with LIIF’s internal associates as well as external customers and business partners (which include third party lenders, attorneys, NMTC Investors or other Allocatees) by both initiating and responding promptly to any and all requests in a responsive, consistent, and accurate manner.
Additional job duties as assigned.
The ideal candidate for this position will have these key qualifications:
•Two or more years of experience in real estate-based lending and/or business lending, including borrower contact, credit analysis, due diligence and loan documentation;
•Proficiency in analyzing financial statements of for-profit and nonprofit organizations and their real estate operations (in particular, rental housing and community facilities occupied by a single tenant). Familiarity with basic accounting principles including the ability to translate cash to accrual accounting and vice versa.
•Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities (e.g., child care centers, educational programs, health clinics, etc.)
•Working experience with both private sector financial institutions and public agencies
•Basic familiarity with business law concepts including contracts, loan collateral, uniform commercial code, creditors' rights and forms of business organization and sufficient knowledge to review and negotiate loan documents.
•Proficiency with Microsoft Office Suite Programs, and other database software
•Excellent skills in managing multiple tasks requiring strong attention to detail
•Experience with New Markets Tax Credits a plus
EDUCATIONAL AND OTHER REQUIREMENTS:
Educational background should include a bachelor’s degree; an advanced degree is a plus. In addition, the position requires a high degree of self-motivation, dedication, creativity, and perseverance; flexibility with time and willingness to accept a demanding (and personally satisfying) position. Excellent teamwork and strong time management skills are essential. Travel is required, and candidates must have a valid driver’s license.
Location: San Francisco, CA; Los Angeles, CA; New York, NY; or Washington D.C.
$70,000 to $ 90,000
How to Apply:
If you are interested in applying to the Low Income Investment Fund, please mail or e-mail cover letter and resume to:
Low Income Investment Fund
Attn. Human Resources
50 California St., Suite 2900
San Francisco, CA 94111
Craft3 is a nonprofit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience throughout Oregon and Washington communities. We do this by providing loans to entrepreneurs, nonprofits, individuals, including those without access to traditional financing. We then complement these financial resources with our expertise, professional connections and other advocacy for our clients. Learn more at www.craft3.org
Responsible for providing on-going preparation and monitoring of customer documentation and loan servicing functions; coordination of lending process including loan documentation and closing; gather and compile data and prepare various reports; billings, payments and collateral filings; create and maintain loan files (either electronic or paper) for audit and review by external or internal staff; deliver correspondence to multiple parties, and provide excellent customer relations. Provide on-going support to portfolio administration, lending, and risk management teams.
ESSENTIAL DUTIES AND RESPONSIBILITIES include some or all of the following and are not intended to be all-inclusive. Craft3 reserves the right to change, add or delete responsibilities and duties as seen fit. An employee’s specific job duties, priorities, and performance expectations are detailed in his/her individual performance plan.
• Set up and maintain electronic files following established standards, ensuring protocols for electronic file set up and maintenance are adhered to.
• Integrate and format loan files obtained from the procurement of third-party loan portfolios.
• Provide support for implementation of annual portfolio audit.
• Provide administrative support to lending team and risk management.
• Update Portfolio Administration Guide SOP as delegated.
• Research and resolve commercial loan related problems and respond to internal and external inquiries.
• Responsible for securing and releasing insurance interests and accurately perfecting collateral including but not limited to: Deeds of Trust/Mortgages, Preferred Marine Mortgages, UCCs, and vehicle titles
• Manage client correspondence and servicing and provide assistance to risk management and lending staff in their efforts.
• Prepare loan payoff statements and reconveyances timely and with accuracy.
• Provide annual loan history statements and applicable tax reporting documents (Form 1098).
• Enter and maintain loan data in Craft3’s loan servicing systems, ensuring data integrity and quality; address any discrepancies in data accuracy in a timely manner with lenders and Risk Management.
• Keep accurate notes and covenants in CRM to ensure compliance with all reporting requirements.
• Manage real estate collateral details in property tax monitoring system.
• Independently conduct loan file audits to ensure data and system integrity.
• Work with Finance to create monthly internal and quarterly external reports; identify and correct errors, in consultation with others.
• Protect the confidentiality of all customer information.
• Process closed and completed or paid loan files.
• Work with other team members to resolve errors and to prepare “lessons learned” to support a culture of continuous improvement across commercial lending.
• Continuously review processes, reports, and systems with an effort to identify and implement efficiencies in consultation with others.
MINIMUM EDUCATION AND WORK EXPERIENCE REQUIREMENTS
High School Diploma or equivalent required. Minimum three years related experience and/or training clerical experience in a commercial lending environment; including loan processing, documentation, funding, and strong administrative skills.
Craft3 offers a competitive salary of $38,500 - $64,500 annually, based on experience and skills. Craft3 offers an excellent benefits package including medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, wellness program, transportation, flexible schedule, and 403B Retirement savings plan with employer match.
How to Apply:
Application deadline is Friday, December 21, 2018.
Complete job description and online application at: www.Craft3.org/Careers/Jobs, or copy and paste this URL into your web browser:
For more information on our benefits, visit our website at: www.Craft3.org/Careers/benefits
Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.
The U.S. Department of the Treasury has a distinguished history dating back to the founding of our nation. As the steward of U.S. economic and financial systems, Treasury is a major and influential leader in today's global economy. We have over 100,000 employees across the country and around the world and we celebrate each individual’s identities and experiences. Our core value of inclusive diversity encourages our employees to be themselves and innovate from their unique perspectives. Come Join the Department of the Treasury and Invest in Tomorrow.
The incumbent of this position serves as a senior financial analyst and subject matter expert (SME) in processing applications in support of one or more of the CDFI/NACA or CMF Fund awards programs. Through monetary awards and/or the allocation of tax credits, the incumbent promotes access to capital and local economic growth in urban and rural low-income communities across the nation.
As a Senior Portfolio Manager, you will:
•Plan, lead and conduct site visits in order to provide assistance and advisory services to actual or potential awardees.
•Perform award reviews and provide funding concurrence and/or recommendations for award justifications based on considerations such as quality, consistency and adherence to policies, procedures and applicable OMB and other Federal regulations.
•Improve the CDFI Fund program administration and operations.
You must meet the following requirements by the closing date of this announcement.
Specialized experience: For the GS-13, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service.
Specialized experience includes ALL of the following:
Experience in leading projects or initiatives that require attention to detail; AND
Experience evaluating income statement and balance sheet performance; AND
Experience in improving management performance through the analysis of existing organizational problems and the development of plans for improvement.
(USD) $96,970 - (USD) $126,062
How to Apply:
Apply online at https://www.usajobs.gov/GetJob/ViewDetails/517440700
VOLUNTEERS OF AMERICA is a national, nonprofit organization providing local human services programs and opportunities for individuals and community involvement. For more than 120 years, Volunteers of America has promoted self-sufficiency, fostered independence and encouraged the positive development of children and youth, the elderly, homeless individuals and families, and many others.
The national office is located in Alexandria, VA., part of the greater Washington, D.C. area, Volunteers of America has over 16,000 employees, combined revenues over $950 million, and programs that help more than 2 million people. Its services respond to individual community needs to help abused and neglected children, at-risk youth, the elderly, people with disabilities, homeless individuals and families, and many others, Established in 1896, Volunteers of America is committed to providing services to those most in need, especially the vulnerable, the hardest to serve, and those facing multiple challenges.
Support the development, implementation and growth of the Volunteers of America Futures Fund, the VOANS Quick strike Fund and other to be develop fund products (collectively referred to herein as “Funds”).
Support the growth and operation of the Volunteers of America Futures Fund and the Real Estate Quick strike Fund (the “funds”). These impact loan and social venture capital style funds support the growth of our services and social entrepreneurship across the country, increasing mission impact and margin. The Director, Social Impact Capital responsibilities will include: Capital Development & Relationships Management - Develop and implement a fund capitalization strategy that increases the number of sources and amount of funding for each of the Funds. Capitalization will focus on but is not limited to philanthropic and competitive rate and term capital resources. Cultivate relationships with current and prospective funders. Fund Operations, Reporting and Data - Lead the development of fund products and policies in coordination with the organization’s executive leadership team, lead the development of an internal and external fund communications plan in conjunction with communication department team members. Loan & Investment Underwriting, Closing - Develop and manage relationships to establish a network of external business assistance providers that have capacity to provide specialized services. This is an exciting opportunity to lead, grow and innovate from the ground up a social venture capital fund that is supporting communities through the country.
Master’s in Business Administration or similar degree. Bachelor’s degree with relevant experience will be considered. Experience in social impact capital, community development financial institutions (CDFIs) and/or fund management is required. Strong analytics and finance skills. Financial analysis and excel skills are a must. Great collaboration skills, must love working together with internal teams and creating external partnerships. Relentless approach towards realizing great ideas through careful planning, analysis, resource identification collaboration and partnership. Passionate about finding creative solutions to meet the needs of the nation’s most vulnerable. Takes an entrepreneurial ‘spirit’ in approach to finding solutions to difficult problems. Strong communication and collaboration skills. Must be able to work in a collaborative environment with members of a team within a deadline driven environment. Strong presentation development and delivery skills. Able to put together internal and external ‘pitch decks’ using current technology and graphic resources to deliver high quality presentations. Sound and accurate judgment with an ability to support and explain reasoning for decisions. Includes appropriate people in decision-making process; and ensure timely decisions are made. Strong professional ethics which include approaching others in a tactful manner; reacting well under pressure; treating others with respect and consideration regardless of their status or position; accepting responsibility for own actions; following through on commitments and maintaining confidentiality. Good vendor management skills, including negotiating skills and ability to influence as needed. Good interpersonal skills to work with others. Ability to communicate clearly both in writing and verbally. Capable of developing communications, trainings, and presentations. Working knowledge of Microsoft Office including Outlook, Word, PowerPoint and Access. Strong knowledge of Excel, accounting skills including related financial statements, computer systems / software. Ability to work flexible hours. Ability to travel is required.
How to Apply:
For thirty years, Southern Bancorp Community Partners has been working to provide entrepreneurs, homeowners, and individuals with the financial tools needed to achieve the American Dream – regardless of their zip code. From credit repair and financial education to lending and public policy advocacy, Southern Bancorp Community Partners has a long history of creating economic opportunity in communities that need it most. Find out more by visiting our website. https://southernpartners.org/
Responsible for leading Southern’s public policy and advocacy efforts in Arkansas and Mississippi, as well as at the federal level. This includes lobbying on Southern’s behalf, monitoring policy and advocacy activities, representing Southern in public forums related to policy matters, and developing communications that support advocacy efforts.
Public Policy Advocacy - 55%
• Advocates for and against issues related to Southern’s mission that arise through legislation and/or regulation, including direct lobbying at all levels of government.
• Represents Southern in public forums both in person and in writing to support advocacy efforts.
• Builds relationships with political and government leaders representing our markets to facilitate advocacy efforts.
Research and Communications – 40%
• Conducts and coordinates research to monitor policy and regulatory issues and activity at the local, state and federal level; Works with leadership to determine action as needed.
• Supports Southern’s policy-related communications by creating content in coordination with Southern’s research consultants and communications teams for a variety of channels including blogs, research papers, op-eds, and others as assigned.
Administrative/Other - 5%
• Supports fundraising efforts through reporting and other communications activities as needed to explain and communicate on advocacy efforts.
• Performs other related duties as required or assigned.
Qualifications and Requirements:
• Bachelor’s degree in communication, public policy, political science, economics, or related field
and minimum of five years of experience in community engagement/outreach, program advocacy, or marketing engagement or an equivalent combinations of education and experience will also be considered.
• Ability to work collaboratively with others and demonstrate flexibility and poise in dealing with a diverse range of individuals, community leaders, and organizations.
• Ability to engage in face-to-face dialogue in one-on-one and group settings; Communicate data findings to external audiences, including policymakers, the media, and the general public.
• Excellent communication skills, analytical and writing skills, including ability to write policy and issue briefs.
• Excellent computer skills, including proficiency with Microsoft Office products.
• Proficient skills with knowledge of statistics and research design principles; ability to conduct analyses of complex public policy issues
• Capacity to critically review statistical analyses that have been conducted by others
• Understanding of federal and state policies that impact low-income individuals.
• Working knowledge of federal and state fiscal issues, including state taxes and budgets.
Two years of experience with a law or Master’s degree in related field preferred
While performing the duties of this job, the employee is regularly required to sit, to talk, and to hear. Must occasionally stand and walk; reach with hands and arms; stoop, kneel, or crouch. Specific vision abilities required by this job include close and color vision. May be required to lift or move up to 10 pounds occasionally
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
Must have a valid driver's license
Must be able to travel including some overnight stay
Compensation commensurate with job related education and experience.
How to Apply:
Please apply on-line:
Santander Bank, N.A. is one of the country’s largest retail and commercial banks with more than $79 billion in assets. The bank got its start in Spain, but has been serving customers in the Northeast since 2013. With its corporate offices in Boston, the Bank’s 9,700 employees, more than 650 branches, 2,100 ATMs, and 2.1 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN)—one of the most respected banking groups in the world with more than 125 million customers in the U.S., Europe, and Latin America. It is managed by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.
From how we talk and listen, to how we act, respect is in everything we do. And we’re recruiting people like you who want to strive to help people prosper every single day. At Santander, you’ll be rewarded with competitive compensation and market leading benefits. You’ll have access to comprehensive career development programs that empower you to grow and advance. You’ll discover a company where you can shape a bright future.
Agency submissions and contacts are by invitation only and must be initiated by Santander’s Recruiting Department only. Unsolicited agency submissions will not be honored.
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
Respect adds up.
The Community Development Finance (CD Finance) Relationship Manager will be responsible for originations and relationship management of Community Reinvestment Act (CRA) qualifying equity investments and loans in support of community development financial institutions (CDFIs), low income housing tax credit (LIHTC) projects, Small Business Investment Companies (SBIC) and New Markets Tax Credits (NMTC) for Santander Bank, N.A.’s CRA Program. The RM will conduct financial analysis and due diligence on potential loans and investments, prepare committee approval packages, and work with legal counsel to manage the closing process for the Bank’s growing community development portfolio, especially CDFI loans. This position provides support to the CD Finance Director and works in partnership with CD Finance Portfolio Management.
- Conduct due diligence analysis on potential community development loans and investments throughout the Bank’s footprint. Perform site visits to lending opportunities 20%
- Conduct financial modeling to evaluate the structure of community development loans and investments. Coordinate reviews with internal partners 15%
- Prepare committee materials for review and approval. Assist with the coordination of internal reviews and approvals with internal departments 25%
- Work with internal and external counsel to achieve timely closing of transactions 20%
- Coordinate new client onboarding with Operations, CD Finance Portfolio Management Team and third party vendors. Collect new client onboarding documents 10%
- Assist with outreach for new relationships with a focus on CDFIs. Maintain lead database and prepare pipeline reports on potential transactions 10%
- Bachelor’s Degree in business, finance, accounting, or economics
- Business Experience (prior years work/related experience) 5 years of commercial real estate finance or community development experience
- Minimum of 3 years hands-on project finance experience in real estate lending, credit and tax credit finance
- Knowledge of applicable regulations and tax law for community development products
- Knowledge of real estate investments including community development financing such as Low-Income Housing Tax Credits, New Markets Tax Credits and Historic Tax Credits
- Strong analytical and financial skills. Knowledge of credit policy and asset management processes
- Strong verbal and written communication skills as well as strategic planning and management ability
- Ability to work with third party accounting and legal consultants as well as sophisticated project development consultants and advisors
- Competitive salary based on experience
- Market leading benefits
How to Apply:
Click apply here https://jobs.santanderbank.com/job/new-york/associate-community-developm...
The Northern California Community Loan Fund (NCCLF) works in collaboration with local partners to confront issues of social justice and financial equity. NCCLF provides nonprofits, small businesses, and social enterprises with strategic investment and guidance to deepen work, scale impact, and strengthen our communities.
NCCLF is one of the country’s 950 Community Development Financial Institutions (CDFIs). Since its inception in 1987, NCCLF has invested more than $254 million into projects throughout Northern and Central California, impacting the lives of over 1.5 million community members. The organization’s lending and consulting services support organizations that develop affordable housing; provide critical social, medical and youth services to low-income people; create community arts programs; and increase people’s access to healthy foods.
NCCLF is governed by a 13-member board of directors. The organization’s current operational budget is approximately $7M. There are currently 37 staff, including a Leadership Team of 6. NCCLF’s programs and services include:
• Lending – NCCLF provides real estate loans for affordable housing, community facilities, healthy foods, and economic development projects; working capital loans to meet the short- and medium-term operating needs of nonprofits and other mission-driven enterprises serving low-income communities.
• Consulting – NCCLF offers financial management and real estate guidance to nonprofits, small businesses and social enterprises seeking to expand capacity, evaluate real estate readiness, and use financial resources more strategically. NCCLF intentionally creates equitable opportunities for people who have been shut out of traditional financial spaces, and offers strategic guidance to help them achieve stability and financial growth.
• Social Impact Investing – NCCLF invites investors to join the organization as community allies, displacement mitigators, and long-term equity builders through impact investments. Each investment is made to fund positive social change within underserved communities while offering the potential of financial return for investors.
Over the past 30 years, NCCLF has made tremendous improvements to nonprofits and enterprises in the community. Its recent initiatives have further advanced the viability of these organizations across Northern and Central California. For example:
• NCCLF is one of very few CDFIs in the nation to receive the highest rating, four-star AAA policy plus, from the AERIS CDFI Assessment and Ratings System in recognition of NCCLF’s financial strength, policy advocacy, and social impact.
• NCCLF expanded its focus on food equity and access by assuming leadership of the California Fisheries Fund, a loan pool dedicated to bringing capital to small family fishing operations in California coastal communities. In 2017, NCCLF also became the administrator of the California FreshWorks initiative, which unlocks capital for innovative projects that bring healthy food options to areas of low access throughout California.
• For over a decade, NCCLF has run a place-based initiative in San Joaquin Valley focused on increasing equity in rural communities, with particular focus on strengthening the nonprofit sector and supporting enterprises that contribute to the advancement of racial and economic equity.
• NCCLF partners with California State University Fresno to offer a Community Facilities Challenge where students from Finance, Design, Construction Management and Humanics work together to develop a real estate analysis on behalf of a community based organization to benefit a low-income community.
• In 2016, NCCLF launched PRO Oakland, a three-year collaboration with Main Street Launch, which supports nonprofits and small businesses impacted by the Alameda County Transit Bus Rapid Transit project. PRO Oakland offers expert technical assistance and flexible capital to these organizations in order to mitigate disruption, avert displacement, and prepare these entities to thrive once construction is complete.
• In 2013, NCCLF helped develop the Community Arts Stabilization Trust (CAST), which purchases real estate to protect arts organizations from the surging San Francisco real estate market.
• In 2011, NCCLF launched its partnership with the City and County of San Francisco to provide technical and financial assistance to nonprofits at risk of being displaced. The Nonprofit Displacement Mitigation Program administered more than $2.5M in financial assistance grants to 57 organizations, and provided technical assistance to 80 nonprofits at risk of displacement.
NCCLF’s FY19 – FY21 strategic plan outlines three core focus areas which include:
• Impact and Influence – A commitment to advancing economic equity by providing products and services to enterprises that lack access to capital or fulfill a community need; advancing racial equity by supporting enterprises that are led by people of color or address issues related to people of color; meeting the needs of low and moderate income individuals by preserving and supporting the community through lending that fills a gap in the housing market; supporting the growth and sustainability of nonprofits that align with NCCLF’s mission; and, forging strategic partnerships, sharing best practices and participating in systems change work.
• Financial Sustainability – Actively seeking a healthy mix of revenue sources and implementing robust financial scenario planning that allows NCCLF to react proactively to changes in the funding climate.
• Organizational Excellence – Strengthening NCCLF’s capacity to attain its organizational goals by implementing decision-making and change management processes that are rooted in the organization’s values and culture, enhancing professional development for staff, strengthening program evaluation systems, and deepening efforts to share compelling stories about NCCLF’s impact.
The new President should be passionate about NCCLF’s work, have a strong vision about NCCLF’s future direction, and provide strong, credible leadership both inside and outside the organization. The new leader will directly engage with marginalized communities in accordance with NCCLF’s commitment to promoting equity and building strong and healthy communities.
The President will report to the Board of Directors, and will have direct reports including the Director of Finance and Administration, the Director of Development and Communications, the Chief Lending Officer, the Director of Strategic Initiatives, and the Director of Consulting Services. The President will also:
• Provide vision and leadership in pursuit of the Fund’s mission; and ensure that NCCLF continues to implement impactful, high quality programs and services.
• Provide thought leadership across the CDFI network and beyond.
• Foster an organizational culture that values high performance, high quality services, successful and measurable outcomes, and rigorous evaluation.
• Advance NCCLF’s firm commitment to racial and economic equity.
• Guide the implementation of the strategic plan; oversee the identification and development of new programs and products including lending, technical assistance and capitalization.
• Further the Fund’s public relationships by representing the Fund in public forums, foster key external relationships and partnerships, and oversee the growth and focus of the Fund’s public visibility and image.
• Oversee NCCLF’s rebranding efforts and work collaboratively with the communications team to ensure the thoughtful implementation of all rebranding efforts.
• Provide leadership in fundraising and capitalization by overseeing development strategies, and serve as a liaison to major development partners and funders.
• Ensure the Fund’s financial strength and ongoing sustainability through oversight of the financial management function.
• Oversee management of assets and compliance with all government and investor requirements.
• Oversee lending activity by reviewing and approving organizational lending decisions including loan commitments, closings, extensions, renewals, and other actions.
• Coordinate involvement in public policy, advocacy work, and public education efforts.
• Provide vision and direction to senior management, and inspiration to NCCLF’s workforce by encouraging innovation and continuous development; and foster a healthy and vibrant organizational culture.
• Advise the Board on policy and strategic matters, nurture and support Board leadership efforts to ensure exemplary governance and oversight of all NCCLF activities, and assist with Board recruitment, orientation and development efforts.
Ideal candidates for this position will bring a variety of experiences and attributes to NCCLF, including:
• A career that demonstrates a strong commitment to building social, economic, and political power in marginalized communities.
• Demonstrated experience in one or more of NCCLF’s core lines of business.
• An innovator and stellar strategist with a successful track record aligning multiple stakeholders around a common vision and related strategies; and the ability to also foster an outcomes-driven team.
• Well-honed business acumen; and proven experience with fiscal management and operations.
• A successful track record developing relationships with investors, cultivating and expanding investor relationships, and securing funding from individual and institutional investors.
• A collaborative leadership style, including experience inspiring and motivating staff, and fostering collaboration and professional development.
• Demonstrated experience fostering high performance teams.
• Demonstrated experience in advancing a racial and economic equity agenda.
• Experience and ability to interact with diverse audiences and stakeholders, and the ability to listen to and be responsive to communities served.
• Masterful communication skills with excellent interpersonal and networking skills: a communicator who inspires genuineness and trust.
• Experience supporting the Board of Directors in its governance role, fostering its ongoing development, and engaging its members in strategy and resource development.
• Familiarity with CDFI’s business lines and the community development sector a plus.
Salary will be competitive and commensurate with experience.
How to Apply:
To apply, e-mail resume, cover letter and salary requirements to: NCCLF@raffa.com (e-mail applications are required). Only complete applications will be considered. For other inquiries contact Peggy Sand at email@example.com. Resume reviews begin immediately.
NCCLF provides equal employment opportunities without regard to race, color, ethnicity, religion, sex, pregnancy or recent childbirth or related medical condition, gender identity and expression, sexual orientation, national origin, ancestry, age, disability, the use of a guide or support animal because of blindness, deafness or physical handicap of any individual, citizenship, veteran or military status, genetic information, marital status, familial status, domestic or sexual violence victim status, possession of a GED instead of a high school diploma, or any other protected characteristic under applicable federal, state or local laws.
About Raffa, PC
On behalf of NCCLF, Raffa, PC is working with the Board of Directors and leading the President search. Founded in 1984, Raffa is, and always has been, a mission-driven professional services firm seeking to do more for nonprofits and socially conscious companies. We exist to do meaningful work for organizations like NCCLF who are making a difference in our communities and our world. Learn more about Raffa at www.raffa.com.
Who we are:For over 25 years, CSH has been a game-changer for the most vulnerable people in our country:
- Helping communities create 200,000 homes for individuals and families who did not have one;
- Bringing hope to thousands who thought they would live on the streets or reside in institutions forever;
- Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps;
Not only has CSH proven supportive housing works and changes the lives of individuals facing acute disabilities, complex medical and mental conditions, substance use disorders and economic barriers, we have done so while creating a family of nationally recognized experts who stay committed to our organization and mission throughout their careers. We attract talented professionals, offer competitive salaries with benefits, generous family leave and PTO, and fully embrace the philosophy that a sustainable work-life balance is desirable and achievable. With the aim of attracting good people who possess the confidence and drive to get the job done, CSH is now accepting applications for a Senior Program Manager to work with our Metro Team.
CSH is seeking an enthusiastic, results-oriented individual who has a passion for the CSH mission and possesses the leadership and management skills necessary to advance our work. You should have project management skills and understand the nature of working with fee-for-service contracts and be able to manage workload and project deliverables within a specific time frame. You will deliver technical assistance through consulting contracts to support our local offices and work in areas where CSH does not have an office presence. Projects focus on engaging systems and communities, aligning resources to create new supportive housing, and ensuring quality services and operations.
CSH is seeking a professional strong in project management, setting priorities and who works well independently within a multi-disciplinary team environment. If you demonstrate these skills and have experience with housing and service models for vulnerable populations, CSH needs you.
The Metro Team consists of five staff within CSH’s Eastern Region and consists of PA, NJ and NY. Reporting to the Metro Team Director, the Senior Program Manager may work remotely in the region or may work out of our office in Manhattan.
• Deliver in-person and virtual technical assistance; trainings and/or webinars on technical aspects of supportive housing, such as financing, operations, and/or service delivery.
• Act as project manager for contracts and/or grants, ensuring clearly defined team roles, on time and on-budget deliverables, and delivery of quality products. CSH expects project managers to foster a work environment based on quality teamwork, mutual accountability, and high quality performance.
• Provide system transformation technical assistance, analysis, and support to healthcare and government partnerships working to coordinate with homeless, criminal justice, family and youth, veterans, and supportive housing providers.
• Establish and maintain high quality relationships and partnerships with key funders, community stakeholders, particularly with staff from city and state agencies, the Continuum of Care, managed care organizations, community-based supportive housing providers and non-profit and for-profit housing developers who are the recipients of CSH technical assistance.
• Participate on and contribute to project teams as assigned. Tasks may include the coordination of and participation in technical assistance visits; drafting reports, policy guidance, fund development, and other documents and resources; and training design, development, delivery, and evaluation – as well as supporting staff engaged in such activities.
• Support budget development and monitoring, working closely with the Metro Team Director and CSH finance team.
• Represent CSH effectively at external events, ensuring CSH’s interests and reputation are maintained.
• Participate in regional planning and operations discussions and activities.
• Frequent travel in the tristate region, as well as occasional national travel as required.
• Perform any other related duties or special projects locally, or in collaboration with regional and national teams as assigned by the supervisor.
All CSH staff share a common competency framework. These guide our approach and in turn, help us create value. CSH staff are adaptable, entrepreneurial, creative, flexible, and problem solvers. We are strategic thinkers with a sense of humor, persistence, and a commitment to treating others with respect.
• 5+ years of experience working in the field of supportive housing, affordable housing, healthcare, and/or community development.
• Bachelor’s degree; equivalent experience may substitute for education.
• Previous project management experience with demonstrated leadership and organizational skills and the ability to manage project teams, project budgets and deadlines.
• Knowledge and experience in providing technical assistance/consulting services to diverse stakeholders including government, and experience and familiarity with permanent housing and services models for vulnerable populations including chronically homeless.
• Experience with colleagues and external audiences and partners in the areas of public policy, systems change, housing development/operations, and/or the delivery of supportive services.
• Talent to take initiative to implement projects and pursue goals with moderate supervision.
• Strong analytical, interpersonal, presentation and written and verbal communication skills.
• Willing and able to travel at least 20% of the month, although travel schedule will vary based on assignments.
Commensurate with experience
How to Apply:
To Apply: Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover Letter and Salary Expectations as one Microsoft Word or PDF document.
CSH is proud that it always has been and always will be an Equal Opportunity Employer.
ABOUT THE ORGANIZATION
Through capital and commitment, Capital Impact Partners (Capital Impact) helps people build communities of opportunity that break barriers to success. We deliver strategic financing, incubate new social programs, and provide capacity-building to help ensure that low-to-moderate-income individuals have access to quality health care and education, healthy foods, affordable housing, and the ability to age with dignity. A non-profit community development financial institution, Capital Impact has disbursed more than $2.5 billion to revitalize communities over the past 35 years. Our leadership in delivering financial and social impact has resulted in Capital Impact earning a “AA” rating from S&P Global “AA” and being recognized by Aeris since 2005 for our performance. Headquartered in Arlington, VA, Capital Impact operates nationally, with local offices in Detroit, MI, and Oakland, CA.
Capital Impact seeks a Fund & Program Operations Senior Specialist to strengthen its Fund & Program Operations team. The Fund & Program Operations Senior Specialist will accurately analyze, calculate and determine distributable amounts for New Market Tax Credits (NMTC) deals and programs, remit funds to investors, partners or lenders. In addition, the Fund & Program Operations Senior Specialist will assist in various aspects of NMTC and program reporting and compliance requirements. Participate in meetings regarding new programs, review program documents and help to establish processes and procedures from an operational perspective using program/fund documents.
Responsibilities will include:
- Review and understand deal documents and work with the Manager, Fund & Program Operations to develop the operational structure of transactions
- Monitor established NMTC portfolio for incoming payments, resolve payment issues timely for all levels of the transaction
- Prepare and submit wires timely with backup support in accordance with procedures to the Treasury Department for payments to investors/lenders
- Identify challenges and issues to help improve the operational systems, processes and policies for the established deals
- Serve as a liaison to other teams to share information, documentation or decisions made regarding functions performed
- Regularly review and understand the financial component of the programs to identify issues
- Once the program is closed, oversee and verification of all cash movement for CIP and investors under the guidance and approval of Manager
- Assist in the preparation of Community Development Entity Compliance Certifications for equity investors for NMTC transactions
Qualifications and Educational Requirements:
- Bachelor’s degree required in Business Administration, Finance and/or related degree
- A minimum of 5-10 years of experience working in a commercial bank or related industry
- Fundamental working knowledge of business concepts, practices and procedures with the ability to apply in varied situations
- Experience with developing detailed schedules including tasks, accountabilities and deadlines
- Candidates should have strong oral and written communication skills
- Candidate should be organized and very detail-oriented
- Proficient in Microsoft Word and Excel.
- Willingness to learn and use in-house software systems.
**Note: Capital Impact will not sponsor working Visa for candidates.**
$69,360 - $86,700
How to Apply: