CDFI Friendly Bloomington (CFB), a startup 501.c.3 nonprofit, is seeking a founding Executive Director. CFB aims to:
• Create a new model for CDFI financing, by establishing local CDFI Friendly Bloomington to collaborate with regional and national CDFIs and encourage them to serve the Bloomington market;
• Market and promote Bloomington and Monroe County to CDFIs across the state, the region, and the nation;
• Match CDFIs to local demand for financing from businesses, housing developers, nonprofits, and community organizations;
• Structure and manage financial investments alongside the CDFIs in support of local borrowers.
The founding Executive Director is the primary staff person to set up the organization, with support from the founding Board of Directors, and to lead it in its work. The ideal candidate will bring credit experience at a CDFI and/or in community development, experience or capacity to manage a startup organization, strong leadership qualities, and the disposition for working closely with a nonprofit board. Familiarity with Bloomington/Monroe County is a plus.
The Executive Director will lead CDFI Friendly Bloomington through its start-up phase to full-scale operations. To that end, the Executive Director will assume responsibility in the areas of program development, management, fundraising and public relations. The Executive Director will:
• Represent CDFI Friendly Bloomington in the local community, promoting its goals and services, and with the CDFI industry locally, regionally, and nationally, advocating and advancing local financing opportunities.
• Develop outreach and marketing materials to distribute to potential partners, investors, funders, and allies.
• Coordinate CDFI Friendly Bloomington’s work with investors, funders, the City of Bloomington, and others pursuing aligned goals.
• Participate in CDFI industry activities to understand CDFI priorities, to promote Bloomington and Monroe County, and to seek financial support.
• Negotiate and structure financing using CDFI Friendly Bloomington’s defined products, present financing opportunities to CFB’s Investment Committee and Board, close transactions, and monitor investments and portfolio performance.
• Report regularly to the Board and to investors on programmatic outcomes and performance.
• Develop and propose programmatic adjustments and/or enhancements in pursuit of CDFI Friendly Bloomington’s mission and purpose.
• Provide strategic direction and leadership, including recommending to the Board of Directors possible improvements in the organization’s strategy and program.
• Set up and supervise operating systems, including financial management, operational polices, loan policies, and other core functional procedures.
• Create and implement procedures and documentation to close funding and financing as well as other contractual business relationships for CDFI Friendly Bloomington.
• Develop a fundraising strategy and raise funds, as determined with the Board of Directors, to ensure ongoing operations and organizational sustainability.
• Manage relationships with funders and investors, including seeking and cultivating relationships with new and additional funders and investors, as needed.
• Maintain and track fundraising data
• Conduct organized and effective public relations effort in local and CDFI markets through social media, earned media, and direct communications.
• Ensure clear understanding of and encourage strong support for the goals and mission of CDFI Friendly Bloomington.
This position involves an unusual blend of financial experience, credit expertise, nonprofit management history, and local market awareness. The Executive Director must have strong financial, writing, speaking, public relations, management, leadership, and planning skills. They must be able to work in both the local community with partners that bring diverse backgrounds and skills as well as in the financial marketplace of CDFIs, banks, and foundations. They should be skilled organizers able to bring together people across multiple areas of expertise and diverse cultures.
The Executive Director must have a bachelor’s degree. A master’s degree in business, management, economic or community development, banking, and/or finance is a plus. They must have at least five (5) years of work experience including management, credit, and public-facing duties such as public relations. Strong candidates will demonstrate continuous growth in responsibility in their work and regular pursuit of promising new opportunities.
Benefits package valued from $100,000–$120,000 commensurate with experience
How to Apply:
Please submit your cover letter and resume or CV to
CDFI Friendly Bloomington
c/o Community Foundation of Bloomington and Monroe County
100 S. College Avenue, Suite 240
Bloomington, IN 47401
CDFI Friendly Bloomington is an equal opportunity employer and offersemployment opportunity without regard to race, creed, color, ethnicity, national origin, sex, sexual orientation, sexual expression, age, marital status, physical ability, pregnancy, religion, veteran status or military obligations.
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families
Over the last 38 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. These investments have leveraged more than $50 billion in development activity and helped families and communities raise their standards of living. LISC investments impact the lives of nearly 7 million Americans.
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 2018, LISC approved more than $250 million of new loan commitments, and the outstanding loan portfolio at year-end was more than $425 million. LISC is looking to grow its lending volume in the years ahead.
Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 31 markets with offices extending from Buffalo to San Francisco. Our rural programs make an impact in 44 states and are supported by LISC’s talented and dedicated workforce. Visit us at
www.lisc.org for more information.
Local Initiatives Support Corporation (LISC) is seeking qualified candidates to fill the position of Loan Monitoring Officer. This position will be part of LISC’s Lending Department and will report to LISC’s Director of Asset Management and work in close coordination with lending staff in the field and other members of LISC’s Lending and Legal departments.
The Loan Monitoring Officer will be responsible for assisting the Director of Asset Management with monitoring, tracking and reporting on LISC’s portfolio, managing work-outs and contributing to other facets of the Lending Department’s work as needed. The primary duties of the position include:
• Manage a loan portfolio of approximately 100 loans, spanning numerous product and project types provided by LISC as part of its community development activity.
• Position requires proactive management of closed loans including the following:
o Risk Rating assets and preparing portfolio performance reports for committee review.
o Writing quarterly loan watch reports and presenting to committee for review.
o Monitoring disbursements on Lines of Credit and Pre-Development loans.
o Communicating with borrowers in regards to pending maturity dates, late payments and other loan covenant compliance.
o Analyze loan performance against underwriting projections to identify any potential loan repayment problems.
o Identify, prioritize and engage in problem solving with borrowers offer recommendations when issues arise.
o Review and track insurance certificates for active loans.
o Prepare post-closing amendments per LISC guidelines.
o Prepare write off memos for auditors
• Ensure the quality of data in LISC’s loan administration system, including development of policies and procedures for data collection and quality maintenance, inputting and maintenance of data, and oversight of the management and use of data.
• Perform additional loan monitoring on individual loans and prepare reports on as as-needed basis.
• Interact with LISC staff to provide accurate and timely information
Applicants should have the following qualifications:
• Bachelor’s degree required.
• At least three (3) years real estate experience preferably working with LIHTC and/or NMTC or comparable experience in commercial real estate, banking/finance or urban planning.
• Candidate must have working knowledge of real estate, finance and/or operations.
• Experience with asset management, acquisitions, credit, underwriting in community development is a plus.
• Strong communication, analytical, decision-making, time management, organizational, follow-up and relationship management skills.
• Self-starter ability to work independently as well as collaboratively.
• Proficiency in Microsoft Office suite, particularly Microsoft Excel.
LISC provides a competitive salary and excellent fringe benefits for this position. The position will be based in LISC’s New York City headquarters and is available immediately.
How to Apply:
To apply, please email a detailed cover letter and resume to:
Director of Asset Management
Local Initiatives Support Corporation
501 Seventh Avenue-7th Floor, New York, NY 10018
LISC IS AN EQUAL OPPORTUNITY EMPLOYER
Situated in the heart of the scenic Rogue Valley, Medford, population 81,000, is the hub of Oregon's fourth-largest metropolitan area. Located along I-5 in southern Oregon, just 20 miles from the California border, Medford is surrounded by breathtaking mountains in a region featuring world-class outdoor recreation opportunities, including Crater Lake National Park and the Oregon Coast. As the largest city between Eugene and Sacramento, Medford is a growing city with a high quality of life, a growing economy and a moderate climate.
The City of Medford seeks a Grant Support Technician who performs a wide variety of professional and administrative services related to grant administration and departmental programs and activities. This position reports to the Housing and Community Development Principal Planner and will be working in the Planning Department.
These duties are a representative example; position assignments may vary depending on the business
needs of the department and organization. This position:
- Participates and/or assists in special projects relating to housing and community development and perform associated research and reporting requirements as assigned.
- Assists with the administration, compliance and reporting of existing grant programs, such as
- Community Development Block Grant, Neighborhood Stabilization, and General Fund Grant programs as well as the Construction Excise Tax program.
- Researches and interprets federal regulations for HUD's block grant programs (CDBG); coordinates preparation and submission of the CDBG Annual Action Plan, CAPER and 5-Year
- Consolidated Plan; assists Finance Department with reconciliation of all CDBG funds.
- Ensures activities comply with program regulations, monitors sub-recipients and vendors to ensure compliance with federal regulations.
- Updates the City's Housing and Community Development web page.
- Submits relevant reports as required by HUD; works with HUD auditors; prepares and coordinates execution of contracts and grant agreements; coordinates environmental review compliance of HUD-funded activities.
- Develops and implements the Citizen Participation Plan including coordination with citizens, non-profits, and elected officials; organizes community meetings.Provides backup assistance to interdepartmental staff as needed.
- Works independently and with teams to research and solicit new grant opportunities.
- Gives presentations to Commissions, City Council and other groups as necessary.
- Responds to inquiries from external organizations, agencies and citizens; determines and addresses issues; tracks outcomes to ensure customer service levels are met.
- Serves as a liaison to various boards and commissions; schedules meetings, prepares agenda packets, attends meetings, records minutes, and provides information to members as necessary; assists with new member recruitment activities as requested.
- Performs various clerical and administrative tasks and duties: performs routine data entry functions, processes correspondence, and prepares reports.
- Processes various requisitions, invoices, and purchase orders using City software programs to support and maintain timely and efficient processing.
- Scope of assigned area will depend on departmental and/or citywide operational structure and is at the discretion of the Principal Planner.
- Upholds the values of the organization and has strong customer service orientation.
- Must have the ability to handle job stress and interact effectively with others in the workplace.
- Must be honest and truthful in all tasks and responsibilities.
- Performs other related projects and duties as assigned.
- Demonstrates regular, reliable and punctual attendance.
- Three years of increasingly responsible administrative experience to perform the job effectively; experience working with Community Development Block Grants, federal and state grants, or other similar types of grant programs preferred; and
- Bachelor's degree in public administration, business administration, planning, or a related field and/or equivalent combination of education and experience sufficient to successfully perform the essential duties of the job such as those listed above.
- Current technical/professional knowledge of complex principles, methods, standards and techniques associated with the scope of work of a recognized profession, such as:
- Solid knowledge of Microsoft Office Suite.
- Public sector work experience desirable.
- Excellent verbal, written and interpersonal communication skills.
- Use computer and other office equipment effectively and efficiently.
- Presentation skills, written communication, and industry knowledge (governmental regulations).
- May require possession of a valid driver's license by date of hire. New employees establishing resident status in the State of Oregon must obtain an Oregon driver's license within 30 days (ORS 807.020 (1)).
- Requires completion of a background investigation to the satisfaction of the City.
$21.83 - $27.86 Hourly
$3,783.34 - $4,828.64 Monthly
$45,400.12 - $57,943.65 Annually
- Medical, vision, dental with minimal or no monthly premium cost for family coverage
- Life and long-term disability insurance
- Paid vacation, sick leave, and holidays
- HRA-VEBA medical savings account contributions
- Oregon PERS retirement contributions
- 457 Deferred compensation for retirement planning
- Medical and dependent care flexible spending (FSA)
- Aflac and LegalShield voluntary products
- On-site fitness center and wellness program
How to Apply:
City of Medford employment application must be completed online via the City's website www.cityofmedford.org by 4:00 p.m. deadline on Thursday, February 7, 2019. In order to be considered, please attach a resume and cover letter at the time you submit your application. The City of Medford complies with the Americans with Disabilities Act. If you consider yourself disabled and desire assistance in the application process, please contact the Human Resources Department by telephone: (541) 774-2010 or email: firstname.lastname@example.org.
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.
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.