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  • Make an impact and join the opportunity finance field.

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

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

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

Controller Civic Builders
New York, NY
Job Function: Accounting
Posted: September 26, 2018

Background:

Civic Builders sits at the nexus of community development and education. Dedicated to giving every child the chance to attend a great school, Civic Builders partners with the nation's best educators to finance and build public charter school buildings. We are an experienced team of real estate, finance, and development professionals dedicated to delivering inspirational educational facilities at affordable rates.

We are a highly entrepreneurial organization that is quickly growing and our dedicated and talented team has positioned us to:
● Invest more than $600M into low-income communities: we have developed a million square feet of real estate, representing 27 schools that serve over 13,000 students in the highest need neighborhoods, such as East Harlem, the South Bronx, Bedford-Stuyvesant, and Newark, NJ.
● Receive $118M of New Markets Tax Credits over four award rounds and access funding from the U.S. Department of Education.
● Partner with the Walton Family Foundation and Bank of America to launch an innovative $100M loan fund to provide low-interest capital, at an increased scale, to charter schools that are creating and expanding facilities.

Civic Builders believes that diversity, in all its forms, enriches society and our organization. Because we support students in the highest need neighborhoods, we have a particular charge to understand our schools and their communities. When our staff, board, and partners reflect, value, and embrace the voices and perspectives of those most impacted by what we do, we have a deeper understanding and connection to their needs and more effectively achieve our aspiration of improving lives, revitalizing communities, and helping children receive the education they deserve. To learn more about Civic Builders, please visit www.civicbuilders.org.

Position Summary:

Civic Builders is seeking an experienced Controller to lead all activities relating to internal accounting, budgeting and financial reporting. As a facility developer, Civic Builders is comprised of over two dozen entities and maintains several dozen bank accounts. In addition to managing complex facility construction projects that rely on varying sources of capital, Civic Builders owns and leases a number of school facilities to nonprofit charter school tenants. Within this context, the Controller’s responsibilities will include general ledger management, accounts payable, accounts receivable, budgeting and financial reporting, audits, tax filings, and lender obligations and reporting.

Responsibilities:

Finance and Accounting Management
• Lead internal budgeting, prepare forecasts and budget-to-actual reports with direct oversight Senior Accountant.
• Prepare internal and external financial reporting for senior leadership, Board of Directors and lenders, as well as periodic grant-related reports.
• Lead all internal accounting processes, including general ledger management, accounts payable and accounts receivable, as well as bank reconciliations, deposits and banking relationships.
- Process customer billing, including school facility development services and monthly rental invoices.
• Manage a large volume of lender reporting obligations including financials, certifications and insurance.
• Manage all financial audits and tax filings for all Civic Builders entities and assets.
• Support various reports and multiple transactions and needs of multiple stakeholders and the review the work of others.
• Manage payroll and support additional human resources and compliance related activities such as employee benefits, corporate- and project-level insurance coverage, and relationships with legal counsel.
Data Management Support with Stakeholders
• Support charter school construction projects with budgeting, forecasting, financing, and loan management
• Collaborate with Financial Services team on all financing agreements, lending agreements via Civic Builders’ new platform, and New Markets Tax Credits allocations and deployments.
• Support additional insurance and compliance related responsibilities as needed, such as corporate and project-level insurance coverages, review of leases and funding agreement, and relationships with legal counsel.
• Support construction projects with budgeting, forecasting, financing, and ongoing management of project loans, and will support the Financial Services team on all financing and lending agreements.
• Serve as a partner to the COO and CEO in managing the numerous audits and external reporting
• Work with auditors for the various external reporting including support of parent organizations subsidiaries and affiliates.

Requirements:

• 10+ years of professional experience in accounting, with specific experience working with nonprofits, or small businesses, and real estate
• Demonstrated ability to manage accounting transactions in a complex, multi-entity environment with numerous real estate assets
• Expertise in nonprofit and real estate accounting and audit principles
• Bachelor’s Degree in Accounting, Finance or related degree, CPA license desired and preferred
• Experience managing and preparing multiple financial statements
• Experience managing accounting for an org of similarly complex organizations
• Understands construction builder, lender, nonprofit accounting rules

Compensation:

$150-165K (all-in with bonus)

How to Apply:

Send resume to talentsearch@almaadvisorygroup.com

Consultant (6 months) Deutsche Bank
New York, NY
Job Function: Underwriting
Posted: September 19, 2018

Background:

Since its creation in 1990, Deutsche Bank’s New York City-based Community Development Finance Group (CDFG) has become a leader in providing innovative and catalytic capital for community development in the U.S. with aggregate commitments totaling more than $2 billion. The group is responsible for carrying out Deutsche Bank’s community development lending and investing under the Community Reinvestment Act (CRA). In meeting this mandate, the CDFG pursues a range of financing opportunities and strategies including those aimed at affordable housing and economic development, poverty alleviation, health care access and environmental sustainability.

Position Summary:

Deutsche Bank is seeking to hire a temporary Consultant through February 2019 for the Community Development Finance Group. The Consultant will play an important role providing analytical, compliance, operational, and underwriting support for market-based, high impact loans and investments that benefit low- and moderate-income communities and individuals and address emerging community development needs in the U.S. especially in New York City. A successful candidate will be a quick and positive thinking problem-solver who can work on various financial transactions with diverse stakeholders.

The Community Development Consultant will report to the CDFG Director. The position involves a high level of coordination with other members of the CDFG team, a small dynamic unit with multiple roles and responsibilities.

Responsibilities:

Compliance and Due Diligence
• Support on completion of CDFG’s Know Your Customer (KYC) process; interface with clients and customers to receive appropriate documentation, run due diligence searches, analyze and clear alerts and KYC findings as needed
Transactions and Underwriting
• Provide analytic, operating and underwriting support to CDFG team with a focus on the loan and investment portfolio
• Participate in transaction approval and execution process, including assembling packages for credit risk management review, assembling necessary credit approval documentation and participating in transaction calls
• As requested, participate in loan and investment originations and diligence; analyze financing feasibility and conduct analysis of borrower experience and financial strength
• Coordinate and prepare quarterly and annual credit reviews and ensure compliance with borrower reporting requirements
Operations and Portfolio Management
• Assist with ongoing portfolio management duties including draw requests, modifications and extensions, and ensure disbursements and fundings are properly accounted for, covering loans, investments, as well as program-related investments
• Liaise with the operations areas of Deutsche Bank to ensure that loans and investments are correctly booked and all appropriate external and internal closing requirements are met
• Support the preparation of various internal and external reporting including to CDFG and other Bank senior management
• Take on special projects as requested

The candidate should be a self-starter and problem-solver with demonstrated passion for working in the community development field and a commitment to Deutsche Bank’s vision and values.

Requirements:

• Bachelor’s degree in finance, economics, urban planning or a related discipline
• Two-to-four years of experience in an analytic role in the financial services (lending/investing), real estate or community development sectors preferably with a CDFI, bank or other financial institution; working knowledge of the community development and impact investment industry is preferred
• Demonstrated ability to analyze financial statements, business plans/projections, real estate projects and loan portfolios; a strong knowledge of accounting principles is helpful
• An ease with learning new systems/applications and strong Microsoft Excel capability
• High levels of organization, file management, and processing large amounts of information; some familiarity with KYC and/or Salesforce is helpful but not required
• Strong verbal communications and interpersonal skills, including the ability to work effectively as a member of a small and dynamic team
• Effective time-management skills, with demonstrated ability to manage a diverse and demanding workload with minimal direct supervision
• Exceptional analytical, writing, presentation, and organization skills and an ability to communicate complex transactions in a straightforward manner

Compensation:

TBD

How to Apply:

All inquiries should be directed to CDFG Director, Deutsche Bank, 60 Wall Street NYC60-2311 New York, NY 10005. Please submit your resume and cover letter via email to ina.trustorff@db.com with the subject ‘US CDFG Community Development Consultant’. Please note only those selected for follow-up interview will be contacted. No telephone calls please.

MHCD Community Organizer/TA Provider CASA of Oregon
Sherwood, OR
Job Function: Community Outreach
Posted: September 18, 2018

Background:

CASA of Oregon’s Manufactured Housing Cooperative Development (MHCD) Center is one of nine Certified Technical Assistance Providers (CTAPs) under the national ROC USA™ network. ROC USA and its affiliate, the New Hampshire Community Loan Fund, are non-profits with over 25 years of experience combining expert technical assistance with specialized purchase financing for resident cooperative corporations.

As a member of the ROC USA network, CASA of Oregon delivers pre-and post-purchase technical assistance and helps manufactured homeowners secure the financing needed to buy their communities and shape their economic futures through resident ownership. Participation in this network gives CASA of Oregon access to financial products, technical assistance trainings, and resources developed by experts from ROC USA and the New Hampshire Community Loan Fund.

Position Summary:

Equity Diversity and Inclusion are the guiding principles of CASA and are part of every interaction we have. With that in mind, the principal tasks of the Manufactured Housing Cooperative Development (MHCD) Community Organizer/Technical Assistance Provider are to organize the tenants of manufactured housing communities, to train them to operate a business (resident- owned cooperative) and to help residents understand the responsibilities and duties required to own and operate their community. This position requires extensive travel throughout the state to meetings both during the day and the evening.

Responsibilities:

Work with members of the RECD team to convert communities to cooperative resident ownership.

Introduce residents to the idea of cooperative resident ownership.

Identify leaders within the community.

Provide direct support to residents in forming a non-profit cooperative and cooperative development, including:

-Electing an interim board of directors

-Forming various park committees

-In cooperation with committees, board members and legal counsel, facilitate the production of interim and permanent bylaws, community rules, membership agreements, space leases and other
corporate documents

Developing and conducting resident surveys

Assist the board of directors in the selection of an attorney, property management company and other service providers.

Provide training and support to board in their governance role including, but not limited to, parliamentary procedure, working with outside vendors, financial analysis and monitoring, developing policies and procedures, forming and using committees, resolving inter-community conflict, capital improvement and funding plan, effective communications, legal and regulatory compliance, bylaws and community rule development and contract negotiations.

Provide training to members in areas such as creating a shared vision for the community, members’ rights and responsibilities and corporate structure.

Collaborate with national partners to develop strategies and share lessons learned.

Develop or adapt the education curriculum, and supporting handouts for cooperative members, non-members and the board of directors.

In coordination with Communications Manager, prepare marketing materials and press releases

Provide direct, ongoing support to the Cooperative, post-purchase, including:

-Assist in the election of a permanent board of directors.

-Deliver management and operations training for the board of directors.

-Periodic evaluations of Cooperative operations.

-Provide appropriate training and direction to the cooperative’s property management company.

Ensure compliance with regulatory requirements.

Facilitates and manages ongoing board member leadership development and training by attending monthly cooperative board meetings.

Oversees asset management of the cooperative through monitoring compliance with lender requirements, financing documents, regulatory agreements and other sources of financial, statutory and
regulatory reporting requirements, including submittal of compliance reporting to investors, lenders, monitoring agencies and other stakeholders.

Liaises with the cooperative attorney to ensure cooperative adherence to Oregon nonprofit cooperative law.

Assists cooperative board members with annual renewals and business requirements including taxes, insurance, and state business registration.

Works closely with cooperative board members and the property manager in the creation of annual operating budgets and short and long-term capital improvement plans, the use of replacement reserves and facilitates the reserve fund transfer requests.

Requirements:

Education: AA or BA/BS in communications, sociology, social work, community organizing or related field preferred. Experience in community building and organizing may be substituted for education.

Experience: Three years demonstrated success in community building and resident organizing required. Knowledge of cooperative formations and functions preferred.

Is a team player who can work with other members of the department to successfully convert manufactured parks to resident ownership

Demonstrated communication, consensus-building, facilitation and analytical skills.

Demonstrated success in creative problem-solving with small and large groups.

Experience in developing and delivering a comprehensive education program.

Ability to develop timelines, goals and benchmarks.

Ability to develop tools in order to assess, monitor and measure success, including the dissemination and application of lessons learned.

Ability to write clearly and concisely.

Ability to work with diverse groups of residents, as well as town and state officials, attorneys, engineers, and other professionals.

Working understanding of budgeting and real estate financing.

Knowledge of Robert’s Rules of Order.

Proficient in Microsoft Office and Excel.

Comfortable speaking in front of large groups.

Calm demeanor; able to think on one’s feet and perform under pressure during difficult interpersonal conflict.

Plans ahead, able to complete tasks and meet tight deadlines.

Attention to detail.

Able to understand and manage multiple complex tasks, including adaptation of training materials as necessary.

Works collaboratively & professionally, self-motivated, flexible, enthusiastic.

WORK ENVIRONMENT
Work is in an indoor, office setting and driving to sites at manufactured home parks and meeting areas throughout the state.

This position requires extensive travel both in state and to trainings out of state including day and evening work.

PHYSICAL AND SENSORY CAPABILITY REQUIREMENTS
The following capabilities are required in order to perform the essential functions of this position. Reasonable accommodations that do not create an undue burden on the company are available to address the following requirements:

Ability to: stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl;

Lift, carry, and place items of up to 25 pounds;

Maintain sustained concentration on computer screens;

Use keyboards and a variety of computer peripherals;

Must have a valid driver’s license with consistent access to reliable transportation.

Must be able to drive both day and night and travel to rural areas.

Compensation:

This is a full time exempt position and requires extensive travel throughout the state to meetings both during the day and the evening. This position’s salary range is $48,728 - $74,635 depending on experience. Benefits include medical, dental and vision insurance after 60 days, generous 401(k) contribution after one year, and 12 days of vacation/sick earned per year.

How to Apply:

Please follow this link to learn more and apply: https://bit.ly/2piFSfy

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

Background:

ABOUT THE ORGANIZATION
 
Through capital and commitment, Capital Impact Partners (Capital Impact) helps people build communities of opportunity that break barriers to success. We deliver strategic financing, incubate new social programs, and provide capacity-building to help ensure that low-to-moderate-income individuals have access to quality health care and education, healthy foods, affordable housing, and the ability to age with dignity. A non-profit community development financial institution, Capital Impact has disbursed more than $2.5 billion to revitalize communities over the past 35 years. Our leadership in delivering financial and social impact has resulted in Capital Impact earning a “AA” rating from S&P Global “AA” and being recognized by Aeris since 2005 for our performance. Headquartered in Arlington, VA, Capital Impact  operates nationally, with local offices in Detroit, MI, and Oakland, CA.

 

Position Summary:

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

Responsibilities:

Responsibilities will include:

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

Requirements:

Qualifications and Educational Requirements:

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

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

Compensation:

$69,360 - $86,700

How to Apply:

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

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

Background:

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

Position Summary:

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

Responsibilities:

The Business Development Officer will:

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

Requirements:

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

Compensation:

$89,760-$112,200

How to Apply:

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

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

Background:

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

Position Summary:

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

Responsibilities:

The Business Development Officer will:

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

Requirements:

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

 

Compensation:

$89,760-$112,200

How to Apply:

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

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

Background:

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

 

Position Summary:

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

Responsibilities:

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

Requirements:

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

Compensation:

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

How to Apply:

Send resume to: ameadors@uhinc.org 
                          

Manager/Sr. Manager, Investments RSF Social Finance
San Francisco, CA
Job Function: Investment
Posted: July 12, 2018

Background:

At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through integrated financial and philanthropic services that generate positive social and environmental impact while fostering community and collaboration among participants.

With a 34-year track record of deploying loans, grants, and other catalytic capital to social enterprises, RSF is recognized nationwide as a leader in the field of social finance. As an organization of fewer than 50 employees, RSF’s approach is to grow our team by adding one person at a time. In doing so, we identify and seek a particular set of skills and experience to meet specific organizational needs. At the same time, we seeking candidates who align with our mission and values.

Position Summary:

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

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

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

Responsibilities:

Investment Management, Philanthropic Assets

Project Management, Research & Analysis:

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

Make New Investments:

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

Integrated Capital Deployment, Funding Social Enterprises

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

Strategic Initiatives

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

Requirements:

Education, Experience, Values Alignment:

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

Communication & Judgement

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

Function-Specific Skills:

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

Compensation:

Competitive non-profit salary based on qualifications and experience. Other benefits include:

  • A fulfilling work environment at a supportive and entrepreneurially-driven organization
  • A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
  • Very generous vacation and sick leave benefits plus nine paid holidays per year
  • 403(b) plan with employer-paid contributions after one year of employment
  • Exposure to innovative ideas, projects, and collaborative staff activities
  • Access to numerous professional development opportunities

How to Apply:

Please submit your resume via e-mail to HR@rsfsocialfinance.org along with a thoughtful cover letter. In the cover letter, please explain why you are interested in the mission, values, and activities of RSF Social Finance. Please also tell us why your skills and experience would make you successful in this role. In the e-mail subject line, please write “Manager, Investments”.

Please note that applications without a cover letter will not be considered. No phone calls please.

Applications will be accepted on a rolling basis.

RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply. 

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

Background:

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

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

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

 

Position Summary:

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

 

Responsibilities:

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

Requirements:

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

Compensation:

The salary for this position is commensurate with experience.

How to Apply:

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

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

No Phone Calls or Faxes Please

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

Background:

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

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

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

Position Summary:

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

Responsibilities:

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

Requirements:

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

Compensation:

The salary for this position is commensurate with experience.

How to Apply:

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

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

No Phone Calls or Faxes Please

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