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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.

Development Manager Washington Area Community Investment Fund
Washington, DC
Job Function: Business Development
Posted: November 22, 2019

Background:

About the Washington Area Community Investment Fund (Wacif)

Established in 1987, the Washington Area Community Investment Fund’s mission is to increase equity and economic opportunity in underserved communities in the Washington, DC area by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs. Our mission is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity, and is fulfilled by providing access to capital products and services, and capacity building technical assistance to low- and moderate-income entrepreneurs. Wacif is a nonprofit Community Development Financial Institution (CDFI), and over the past seven years has closed nearly 130 loans totaling $8 million, assisted over 2,000 entrepreneurs with small business coaching and technical assistance, resulting in over 300 local jobs created or retained.

Position Summary:

The Washington Area Community Investment Fund (Wacif) seeks to fill the full-time position Development Manager, which will be responsible for identifying funding opportunities; developing capture strategies and tactics; leading the production and writing of winning proposals; and, supporting the development of engagement opportunities to include written content development and event design.

Responsibilities:

Opportunity Identification/Market Research

- Lead the organization’s efforts to understand the full range of funding opportunities to include philanthropic, corporate, individual, institutional, and other opportunities
- Develop and execute a strategic, coherent process for including internal and external stakeholders – to include staff, Board, and others as appropriate – in market analysis and opportunity triage activities
- Develop and implement a strategic, comprehensive approach to opportunity prioritization and decision-making related to the pursuit or non-pursuit of specific opportunities
- Lead the development of market analytics, helping Wacif quantify its total addressable market and establish realistic revenue scenarios and year-ahead development planning
- Facilitate the team’s identification of emerging trends aligned with Wacif strengths and community need
- Build staff awareness of key market opportunities and solicit their expertise on capture strategies

Proposal Management and Development
- Lead the development and management of a rational and collaborative process that results in the submission of timely, winning proposals, including:
- Leading the kickoff of proposal development efforts;
- Reading funding solicitations in detail and developing proposal outlines;
- Making and managing staff assignments as relates to proposal input development, specifically gathering program and budget design inputs from internal and external partners and refining them into final text;
- Leading proposal review sessions, capturing and reflecting staff feedback;
- Packaging supporting documentation in collaboration with internal partners; and,
- Ultimately submitting proposals ahead of posted deadlines and monitoring their status.
- Identify opportunities to re-purpose proposal inputs for strategic communications, in support of opportunity capture

Internal Analytics and Forecasting
- Develop and maintain organizational infrastructure related to internal development analytics, including:
- Maintaining Wacif’s development pipeline, including specific data elements related to current and upcoming opportunities, including but not limited to opportunity status, partner, funder, timing, and next steps; and,
- Facilitating recurring leadership team sessions to: review funding forecasts, discuss funding scenarios, model fundraising targets, and key capture next steps
- Contribute to and facilitate Board discussions related to development

Capture Strategy Development and Implementation
- Collaborate across the organization and within the Development and Communications team to develop opportunity-specific capture strategies and tactics
- Support the planning and implementation of related marketing and engagement tactics, including meeting and relationship development with strategic organizations and points of contact
- Identify industry and other events at which Wacif should have presence, and support the design and implementation of Wacif tactics at those events
- Identify opportunities to increase support from existing partners

Strategic Marketing and Communication
- Support the development of content that positions Wacif for priority opportunities
- Support the development and implementation of engagement opportunities, including events
- Author and edit written content, including blogs, reports, brochures, and powerpoints
- Collaborate within the Development and Communications team and across the organization to ensure that the editorial calendar includes content that supports opportunity capture efforts.

Requirements:

Strong time management skills with ability to plan, coordinate, organize, prioritize and simultaneously implement multiple projects
At least 5 years of previous fundraising and development experience, ideally including public and private sector opportunities
At least 2 years of experience writing and developing proposals
Proficiency in MS Office suite (Excel, Word, Outlook and PowerPoint)
Outstanding written and oral communications skills
Experience handling confidential information with high level of discretion
A high level of motivation, initiative and attention to detail demonstrated by the proactive inclination to take on projects without being asked
A friendly, collegial personality with compulsive integrity and a well-conditioned sense of humor
Interest in and commitment to Wacif’s mission of working with low- and moderate-income individuals and underserved communities.

Compensation:

Competitive salary commensurate with experience. Medical, Dental, Vision, Life & Disability coverage available. Retirement plan (employer contribution & matching); transportation benefits, paid vacation (increased with tenure), holiday and sick leave days.

How to Apply:

Please send a resume and cover letter to Opportunity@wacif.org.

Small Business Mission-Based Loan Officer Women's Opportunities Resource Center
Philadelphia, PA
Job Function: Lending/Loan Operations
Posted: November 22, 2019

Background:

WORC offers a range of micro- financing products ranging from $500 to $50,000 links customers to a comprehensive array of financial education & other services provided by WORC. WORC was recently approved by the Small Business Administration (SBA) to offer the Community Advantage (CA) Loan product that goes up to $250,000 to assist entrepreneurs purchase the real estate they operate out of. The ideal candidate has existing contacts with local financial institutions, economic development and business assistance organizations, community organizations, professional associations, economic development agencies and/or small business development centers and experience with Community Advantage or 7a loans.

Background:

Founded in 1993, Women’s Opportunities Resource Center (WORC) enables low-income individuals – primarily women and their families – to increase their social and economic self-sufficiency through self-employment training, microlending, support services, savings programs and access to business & financial resources. WORC has been nationally recognized for its work, receiving, among other awards, the 2001 U.S. Treasury Presidential Award for Excellence in Microenterprise Development – Poverty Alleviation as well as the 2005 Association for Enterprise Opportunity Innovation in Technology Award. WORC targets the 5-county greater Philadelphia area and New Castle, Delaware.

For 25 years, WORC has enabled low-income families to reach a state of financial self-sufficiency. We are unique in that we are the only agency in the region to focus on building not just income but assets & wealth. We achieve this by integrating programs in three major areas – microlending, self-employment training & incentive saving – into an overall asset-building approach. Since our founding we have distributed 823 microloans totaling $4.13 mil for business startup or expansion; trained 3,700 low-income, underemployed, dislocated, and mature workers how to start and run a business.

Position Summary:

We are looking for a Mission Based lender to grow WORC’s lending products in assisting small business owners in securing financing for their business and purchasing their commercial buildings via loans at WORC. The Women’s Opportunities Resource Center (WORC) and its subsidiary The Economic Opportunities Fund (EOF) are both certified Community Development Financial Institution that provide financial and technical assistance to micro entrepreneurs and businesses in the Philadelphia area.

This position would be a Sr. Loan officer role packaging expansion loans above $35,000 and packaging and sourcing Community Advantage loans up to $250,000 for entrepreneurs to purchase real estate for their business.

Responsibilities:

Originate/package and underwrite loans in accordance with production expectations. Submit loans with required documents, and loan officer recommendation to MMS (LiftFund) for underwriting and present loans to the loan advisory council for approval where required.

· Go to community business owner’s place of work to pick up documents and assist with getting the client “loan ready”

· Assist in growing the loan portfolio, specifically with loans ranging from $20-50,000 and/or Community Advantage loans up to $250,000

· Work one-on-one with entrepreneurs and business owners throughout the lending process to identify and address financing and business development needs.

· Provide training and technical assistance e.g. bookkeeping, business plan development, and other assistance as needed to the borrowers both before and after the loan closing.

· Work cross-functionally with other departments to maximize new business development and marketing efforts across the organization & attend staff meetings

· Develop & Implement a marketing/outreach strategy to reach target market (LMI and/or minority owned small businesses)

Requirements:

Proficiency with basic accounting and bookkeeping principles.

· Excellent organizational and analytical skills.

· Prior Lending experience, ideally experience with with SBA 7a, CA or 504 loans

· Interest in community development, economics, and/or microfinance.

· A 4- year degree from an accredited university in a relevant disciple.

· Minimum of two years’ experience in community or economic development lending, and/or microfinance with lending institutions, government loan programs or community lenders

· Good public speaker with demonstrated marketing, sales, and/or community organizing skills.

· Entrepreneurial spirited and Organized self-starter with strong analytical skills and ability to multi-task.

· Customer service oriented, patient, flexible, with ability to accept and give constructive feedback and a sense of humor.

· Knowledge of Philadelphia and the surrounding four counties with willingness to travel.

· Ability to work some evenings and occasional weekend days to attend meetings, seminars and events.

Compensation:

Competitive :Benefits include: vacation, paid holidays, health and pension plan. WORC/EOF is an equal opportunity employer and the board of directors and staff value diversity in all aspects of employment.

How to Apply:

Please email resume and cover letter to Mary Soldano at msoldano@worc-pa.com. Apply today!

Director of Finance and Operations Metropolitan Consortium of Community Developers
Minneapolis, MN
Job Function: Finance
Posted: November 21, 2019

Background:

MCCD is an association of nonprofit community development organizations committed to expanding the wealth and resources of neighborhoods through housing and economic development initiatives. For close to thirty years, MCCD members have worked together to increase opportunities for the development of quality, community-based projects through collaborative action on public policy issues, loan fund development, public education efforts, and long-term strategic planning. Through these efforts, the organization has demonstrated the effectiveness and efficiencies gained by a shared vision of cooperation.

MCCD’s strength originates from its diverse membership, which includes organizations specializing in the development of high quality affordable housing, small business development, and workforce development. While the members may work with separate facets of community development, all members seek to direct economic and social resources towards underserved communities. MCCD’s staff help facilitate cooperation and communication among all of its members and advocate on behalf of their work.

MCCD performs three core activities:

- Convening
- Public Policy
- Open to Business Program

MCCD also provides small business loans for emerging entrepreneurs who face challenges in accessing the commercial banking system, Many of our borrowers are from low income, minority and new arrival communities. As part of a financing plan, our borrowers can receive help in planning, organizing and managing their businesses. Since 2003, MCCD had loaned over $6.7 million to over 550 entrepreneurs for business start-up or expansion projects.

Position Summary:

The Director of Finance and Operations oversees the finance and accounting, loan portfolio management, information technology, human resources, and facilities operations of the Metropolitan Consortium of Community Developers (MCCD). Core to the position and to the organization is MCCD’s status as a certified Community Development Financial Institution (CDFI). The Director of Finance plays a key leadership role in guiding MCCD’s financial and mission success as a CDFI. This role is a member of the Senior Leadership Team including Director of Small Business Lending & TA, Director of Policy, and President/CEO. This position directly oversees the internal accounting team, supervises the Loan Program Manager, and human resources functions. This leadership position requires the ability to collaboratively develop and implement financial strategies that integrate a holistic array of programs offered by the organization, including lending, strategic consulting, board development, financial guidance, online resources, training, and fiscal sponsorship.

Responsibilities:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The following list is not designed to comprise a comprehensive listing of activities, duties or responsibilities that may be required for this job. Duties, responsibilities, and activities may change at any time with or without notice.

• Lead the planning, organizing, and supervision of the financial and accounting functions that support the organization’s teams, programs, projects, and mission success.
• Oversee the operational functions of MCCD, including loan portfolio management, facilities, data management, information technology, office systems, and procedures.
• Supervise and guide the human resources function of the organization, including compensation practices, benefits design, and hiring processes.
• Direct budget process that collaboratively involves board and staff leadership.
• Oversee compliance and outside evaluation including audit, federal grant reporting, and CDFI rating process.
• Act as a thought leader in the area of nonprofit finance through writing, speaking, and training on nonprofit accounting and finance topics.

Requirements:

Qualifications

• Leadership experience supervising and guiding staff, including those who are themselves managers and directors.
• Experience and success in developing strategy and guiding staff and organizations towards long-term goals.
• Excellence in managing projects from conception to completion.
• Significant technical expertise in nonprofit accounting, including knowledge of and proficiency implementing FASB standards and GAAP accounting principles.
• Ability to listen to and effectively communicate support to staff and clients.
• Commitment to quality customer service to other staff across all programs.
• Ability to simplify and communicate complex accounting principles for staff and clients.
• Ability to work effectively both independently and in a team environment.
• Commitment to working in collaboration with diverse groups of staff and clients.

Education and Other Training

Required:

• 8+ years of experience in nonprofit accounting and/or financial management.
• 5+ years of experience successfully supervising and managing a professional staff team.
• Strong knowledge of GAAP and nonprofit accounting principles.

Preferred:

• BA or BS degree, ideally in accounting, business, or financial management or related field.
• Experience in accounting and financial process design and development.
• Experience with regulatory and compliance reporting required of nonprofit organizations and CDFIs.

Compensation:

Not Specified

How to Apply:

Interested candidates should send a cover letter and résumé (both required) to info@mccdmn.org with “Director of Finance” in the subject line; or via mail to MCCD, c/o Greg Gramza, 3137 Chicago Avenue S., Minneapolis, MN 55407.

Application deadline: open until filled. MCCD is an equal opportunity employer. No phone calls please.

Consumer Finance Business Analyst The Pew Charitable Trusts
Washington, DC
Job Function: Research and Analytics
Posted: November 20, 2019

Background:

The Trusts, a single entity, is the successor to, and sole beneficiary of, seven charitable funds established between 1948 and 1979 by J. Howard Pew, Mary Ethel Pew, Joseph N. Pew, Jr., and Mabel Pew Myrin — the adult sons and daughters of Sun Oil Company founder Joseph N. Pew and his wife, Mary Anderson Pew. Honoring their parents' religious conviction that good works should be done quietly, the original Pew Memorial Foundation[2] was a grantmaking organization that made donations anonymously. The foundation became the Pew Memorial Trust in 1956, based in Philadelphia, the donors' hometown. Between 1957 and 1979, six other trusts were created, representing the personal and complementary philanthropic interests of the four siblings.[3][4] The Trusts continues to be based in Philadelphia, Pennsylvania, with offices in Washington, D.C., London, and Brussels.

Although today The Pew Charitable Trusts is non-partisan and non-ideological, Joseph Pew and his heirs were politically conservative. The modern day organization works to encourage responsive government and support scientific research on a wide range of issues, including global ocean governance, correction reform, and antibiotic resistance.

Position Summary:

The senior associate will design and implement research projects and produce reports and other products in service of the project's goals. Depending on project needs, products may include issue briefs, visual data representations, revenue models, or other works of analysis in addition to full-length research reports. This position will collaborate with colleagues working to advocate for research-based public policy reforms and will be called upon to contribute ad hoc analysis for campaigns.

Responsibilities:

Responsibilities
• Identify key findings and present them clearly and concisely. Write original drafts of findings and present polished deliverables to the project team. Identify novel ways of presenting information, including through maps or multimedia presentations.
• Provide research capabilities to the project team, including analysis of market data (corporate filings and analyst reports), demographic and statistical data, academic research, regulatory filings, proprietary data (survey findings, consumer credit report data), news events; etc.
• Create profit-loss models for consumer credit products and produce forecasts for outcomes based on market conditions under various assumed policy frameworks. Using this knowledge, recommend enhancements to the project's policy recommendations and support technical assistance efforts to federal and state government officials.
• Present findings in a manner that is adapted to various project needs, including internal use (executive briefings, literature reviews, presentations) and for incorporation in publications, regulatory comment letters, technical assistance briefings, media outreach (including social media), and public presentations.
• Develop project publications, translating complex research findings into clear and compelling narratives that are highly relevant to policy deliberations and easily understood by the public, media, and policymakers. Proactively collaborate with colleagues to ensure the publications are accurate and effective.
• Support the project's communications outreach and campaign work as required, including analysis of news and political developments, preparation of briefing materials for management and key stakeholders, and production of meetings, events, and webinars.
• Develop and maintain knowledge about consumer finance issues, and especially the consumer credit market and the key laws that govern it. Proactively help colleagues and managers identify and respond to opportunities.
• Conduct independent research to identify new opportunities for meeting the goals of the Family Economic Stability team. Conduct strategic research and planning projects as directed by the project director.
• Maintain a broad knowledge of research methodologies and practices. Attend conferences, seminars, and other professional development activities to keep current in areas of focus.

Requirements:

Qualifications
• Bachelor's degree required, advanced degree in public policy, business administration, or a similar field preferred.
• At least four years of applicable experience conducting research or consulting projects with quantitative components, in fields related to public policy, product development, or market research. Experience working on issues related to consumer finance a plus.
Travel
• This position may involve periodic travel to research projects, conferences, or meetings.

Apply Here: https://www.click2apply.net/x823zx8wgp3fxg94

PI115628203

Compensation:

DOE

How to Apply:

Apply Here:https://www.click2apply.net/x823zx8wgp3fxg94

Consumer Finance Business Analyst The Pew Charitable Trusts
Washington, DC
Job Function: Research and Analytics
Posted: November 20, 2019

Background:

The Trusts, a single entity, is the successor to, and sole beneficiary of, seven charitable funds established between 1948 and 1979 by J. Howard Pew, Mary Ethel Pew, Joseph N. Pew, Jr., and Mabel Pew Myrin — the adult sons and daughters of Sun Oil Company founder Joseph N. Pew and his wife, Mary Anderson Pew. Honoring their parents' religious conviction that good works should be done quietly, the original Pew Memorial Foundation[2] was a grantmaking organization that made donations anonymously. The foundation became the Pew Memorial Trust in 1956, based in Philadelphia, the donors' hometown. Between 1957 and 1979, six other trusts were created, representing the personal and complementary philanthropic interests of the four siblings.[3][4] The Trusts continues to be based in Philadelphia, Pennsylvania, with offices in Washington, D.C., London, and Brussels.

Although today The Pew Charitable Trusts is non-partisan and non-ideological, Joseph Pew and his heirs were politically conservative. The modern day organization works to encourage responsive government and support scientific research on a wide range of issues, including global ocean governance, correction reform, and antibiotic resistance.

Position Summary:

The senior associate will design and implement research projects and produce reports and other products in service of the project's goals. Depending on project needs, products may include issue briefs, visual data representations, revenue models, or other works of analysis in addition to full-length research reports. This position will collaborate with colleagues working to advocate for research-based public policy reforms and will be called upon to contribute ad hoc analysis for campaigns.

Responsibilities:

Responsibilities
• Identify key findings and present them clearly and concisely. Write original drafts of findings and present polished deliverables to the project team. Identify novel ways of presenting information, including through maps or multimedia presentations.
• Provide research capabilities to the project team, including analysis of market data (corporate filings and analyst reports), demographic and statistical data, academic research, regulatory filings, proprietary data (survey findings, consumer credit report data), news events; etc.
• Create profit-loss models for consumer credit products and produce forecasts for outcomes based on market conditions under various assumed policy frameworks. Using this knowledge, recommend enhancements to the project's policy recommendations and support technical assistance efforts to federal and state government officials.
• Present findings in a manner that is adapted to various project needs, including internal use (executive briefings, literature reviews, presentations) and for incorporation in publications, regulatory comment letters, technical assistance briefings, media outreach (including social media), and public presentations.
• Develop project publications, translating complex research findings into clear and compelling narratives that are highly relevant to policy deliberations and easily understood by the public, media, and policymakers. Proactively collaborate with colleagues to ensure the publications are accurate and effective.
• Support the project's communications outreach and campaign work as required, including analysis of news and political developments, preparation of briefing materials for management and key stakeholders, and production of meetings, events, and webinars.
• Develop and maintain knowledge about consumer finance issues, and especially the consumer credit market and the key laws that govern it. Proactively help colleagues and managers identify and respond to opportunities.
• Conduct independent research to identify new opportunities for meeting the goals of the Family Economic Stability team. Conduct strategic research and planning projects as directed by the project director.
• Maintain a broad knowledge of research methodologies and practices. Attend conferences, seminars, and other professional development activities to keep current in areas of focus.

Requirements:

Qualifications
• Bachelor's degree required, advanced degree in public policy, business administration, or a similar field preferred.
• At least four years of applicable experience conducting research or consulting projects with quantitative components, in fields related to public policy, product development, or market research. Experience working on issues related to consumer finance a plus.
Travel
• This position may involve periodic travel to research projects, conferences, or meetings.

Apply Here: https://www.click2apply.net/x823zx8wgp3fxg94

PI115628203

Compensation:

DOE

How to Apply:

Apply Here:https://www.click2apply.net/x823zx8wgp3fxg94

Underwriting and Credit Manager LOCUS Impact Investing
Richmond, VA
Job Function: Underwriting
Posted: November 15, 2019

Background:

LOCUS is a nonprofit consulting firm and mission-driven registered investment advisor serving foundations looking to use more of their assets to promote prosperous, vibrant communities. At LOCUS, our mission is to guide and support foundations as they move from exploring the tool of local impact investing to unlocking meaningful, mission-driven assets to deploying those assets for catalytic community impact. Our team of economic development, former philanthropic staff and finance professionals work in partnership with our clients to deliver right-sized, resonant onramps to accelerate the deployment of place-based impact investments.

Position Summary:

LOCUS seeks a seasoned community development credit professional to manage and lead underwriting for the Community Investment Guarantee Pool (CIGP) and other LOCUS credit responsibilities. CIGP is a new impact investing infrastructure designed to provide unfunded loan guarantees to financial intermediaries in the sectors of affordable housing, small business and climate solutions.

The ideal candidate will have a balanced perspective on managing credit risk in conjunction with creating positive social impact. The position will be responsible for underwriting and managing the portfolio of unfunded guarantees.

Candidates should have experience underwriting financial intermediaries (lenders) and individual loan transactions, specifically in the areas of affordable housing, small business and climate solutions. The candidate will need the ability to model and estimate portfolio losses. Experience with credit guarantees is a plus, but not required. The position will report to the Chief Risk Officer. Work location is flexible.

Responsibilities:

• Review guarantee applications for alignment with Program and Underwriting Guidelines

• Manage pipeline of guarantee applications by narrowing and selecting guarantees for full underwriting

• Underwrite guarantee applications for credit risk and social impact

• Prepare and present credit approval presentations to Program Parameter and Credit Committee

• Work with attorneys to document and close approved guarantees

• Serve as liaison with financial intermediaries on proposed and deployed guarantees

• Perform annual credit and impact review of deployed guarantees

• Risk rate deployed guarantees on at least an annual basis

• Prepare and maintain guarantee exposure report for Program Parameter and Credit Committee

• Estimate quarterly and annual guarantee claims

• In conjunction with Chief Risk Officer, maintain and manage Program and Underwriting Guidelines on at least an annual basis

• In conjunction with CIGP Program Manager and LOCUS leadership, prepare an annual report on the CIGP program development

• As necessary, conduct third-party LOCUS underwriting and analysis; and other LOCUS credit related duties

Requirements:

• Bachelor’s degree and 7+ years of relevant work experience in credit underwriting and administration

• Knowledge and experience in community development lending is required

• Social impact investing a plus

• Social impact data tracking and management a plus

• Demonstrated ability to manage and support time-sensitive and complex projects

• Excellent writing, verbal, and presentation skills are required, including a demonstrated knowledge of Microsoft Office

• Strong interpersonal skills with demonstrated ability to manage and work in teams

• Salesforce experience is a plus; and limited to occasional travel including overnight travel required (10-25% of time).

Compensation:

$90,000 - $125,000

How to Apply:
Please submit an application through our career page.

Credit Analyst LOCUS Impact Investing
Richmond, Norfolk, Christiansburg, VA
Job Function: Underwriting
Posted: November 15, 2019

Background:

LOCUS is a nonprofit consulting firm and mission-driven registered investment advisor serving foundations looking to use more of their assets to promote prosperous, vibrant communities. At LOCUS, our mission is to guide and support foundations as they move from exploring the tool of local impact investing to unlocking meaningful, mission-driven assets to deploying those assets for catalytic community impact. Our team of economic development, former philanthropic staff and finance professionals work in partnership with our clients to deliver right-sized, resonant onramps to accelerate the deployment of place-based impact investments.

Position Summary:

LOCUS seeks a credit professional to support underwriting and portfolio management of the Community Investment Guarantee Pool (CIGP). CIGP is a new impact investing infrastructure designed to provide unfunded loan guarantees to financial intermediaries in the sectors of affordable housing, small business and climate solutions.

The Credit Analyst will support the Credit and Underwriting Manager with originating and monitoring loan guarantees. The ideal candidate will have a balanced perspective on credit risk as it relates to creating positive social impact. The position will be responsible for supporting the Credit and Underwriting Manager with the origination and ongoing management of guarantees.

Candidates should have credit administration experience in addition to knowledge of social impact metrics and tracking, specifically in the areas of affordable housing, small business and climate solutions. The candidate will need the ability to collect, track and analyze credit and social impact data. Position can be filled in either Richmond, Norfolk or Christiansburg.

Responsibilities:

• Manage regular guarantee application rounds

• Maintain a credit pipeline report of prospective, existing and approved guarantee applications

• Work with the Credit and Underwriting Manager to evaluate guarantee applications for social impact and credit risk

• Collect impact data to validate and monitor social impact of deployed guarantees

• Collect credit data on outstanding guarantees to assess portfolio risk and performance

• Draft and finalize effectiveness letters for underlying loan transactions on deployed guarantees

• Prepare annual reports of outstanding guarantees, including but not limited to:

o Risk Rating Report

o Impact Report

• Prepare quarterly loss report for Portfolio Parameter and Credit Committee (PAC)

• In conjunction with Credit and Underwriting Manager, maintain guarantee exposure report for PAC; and other LOCUS credit related duties.

Requirements:

• Bachelor’s degree and 3+ years of relevant work experience in credit administration

• Knowledge and experience in community development lending is a plus

• Social impact investing a plus

• Social impact data tracking and management a plus

• Demonstrated ability to manage and support time-sensitive and complex projects

• Excellent writing, verbal, and presentation skills are required, including a demonstrated knowledge of and experience in Microsoft Office

• Strong interpersonal skills with demonstrated ability to manage and work in teams

• Salesforce experience is a plus.

Compensation:

$50,000 - $75,000

How to Apply:
Please go to our careers page and submit an application.

Underwriter and Loan Officer City First Enterprises
Washington , DC
Job Function: Underwriting
Posted: November 15, 2019

Background:

City First Enterprises (CFE) is a financial institution working at the intersection of financial innovation and impact investment, in the quest for a more equitable economy. We are risk entrepreneurs investing in underserved communities, centering our focus on the people and places historically overlooked by mainstream finance.

CFE’s lending vehicle is the Equitable Growth Fund, a loan fund designed to provide accessible debt capital to entrepreneurs, innovators and change-makers working in affordable housing, small businesses, education, nonprofits, community facilities, and commercial real estate in the Washington, DC, Maryland, and Virginia.

CFE is a Community Development Financial Institution (CDFI), a designation by the United States Treasury to organizations expanding economic opportunity in low-income communities by providing access to financial products and services for residents and businesses. CFE is part of the City First Family of organizations, which includes City First Bank.

To learn more about our organization, please visit our website at https://www.cfenterprises.org/.

Position Summary:

The ideal person for the Underwriter and Loan Officer position knows how to work in a dynamic collaborative environment and has strong financial analysis and writing skills. He or she seeks to play a pivotal role in a growing nonprofit community loan fund that is committed to mission-oriented lending across the region.

Under guidance and supervision, the Underwriter and Loan Officer is responsible for reviewing financial data, assessing credit risk and structuring transactions. In collaboration with the organization’s credit staff, he or she will perform financial analyses and provide credit recommendations based on a review of all underwriting criteria. As part of a compact team, the Underwriter and Loan Officer responsibilities will expand beyond core credit analysis, contributing to business development efforts, the preparation of funding proposals and performing periodic reports to potential and existing funders, including federal agencies and major philanthropic institutions, among others. Versatility and flexibility across a wide spectrum of intellectual and business tasks are key.

Additional responsibilities include providing competent, thorough, courteous, and efficient customer service to both internal and external customers with a minimal level of direction, guidance, and oversight.

Responsibilities:

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

Requirements:
•  Bachelor’s degree in accounting, business, economics, finance, or equivalent combination of training and experience from a four (4) year college or university. •  Ideal candidate has a minimum of 2-4 years’ experience in mission-oriented financial analysis, deal structuring, and relationship and loan processing management. •  Strong writing and composition skills. •  Entrepreneurial approach to work (a must). •  Experience or interest in working with diverse low-income communities. •  Proven ability to build relationships with potential clients and business partners. •  Spanish is a plus. •  Experience with a CRM platform, preferably Salesforce, definitely a plus. •  Advanced knowledge and experience in Excel. •  Strong interpersonal communication skills •  Knowledge of and/or interest in community development, racial equity and inclusion. In short, we are looking for an individual who would help us improve how we work day-to-day, and maximize the growth and impact of our organization in the long term. The right fit would be someone intellectually ambitious, willing to work hard, and always holding him or herself accountable to a high bar of performance. Sounds like you, or someone you know? Please reach out!

Compensation:
Competitive nonprofit salary, based on experience, plus a generous benefits package that includes employee-sponsored health and dental, life insurance, health savings account with annual employer contributions, retirement plan with employer matching, paid parental leave and a generous paid time off program. Free coffee and cold brew are a bonus. Our office is a unique work environment that is open, innovative and collaborative. We are a short walk from the U St. Metro and CFE provides transportation benefits up to the IRS maximum for qualified work travel.

How to Apply:

TIMING

Selected candidates will be contacted for an initial phone screen on a rolling basis, with in-person interviews taking place no later than the first week of December. The position is expected to start by early January 2020.

TO APPLY

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

City First Enterprises is committed to serving the communities in which we work and live. The City First family is dedicated to promoting diversity, multiculturalism, and inclusion in our work and hiring practices. City First Enterprises is fully focused on equality and economic inclusion and believes that diversity in opinion and background only helps further that mission.

We provide equal employment opportunities to all people regardless of ethnicity, age, religion (and lack thereof), disability that can reasonably be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition (physical or mental), AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, and veteran status.

CFE is an equal opportunity employer.

Bilingual Technical Assistance Officer FINANTA
Philadelphia, PA
Job Function: Project Management
Posted: November 15, 2019

Background:

About FINANTA
FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers and first-time homebuyers in the Philadelphia region. FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social and language barriers that growing immigrant and minority populations face. FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and the State of Delaware.

Position Summary:

JOB SUMMARY
▪ Implement and expand the residential mortgage, consumer, business and credit building technical
assistance work of FINANTA lending programs according to mission and objectives.
▪ Increase FINANTA’s capacity and efficiency in providing TA to borrowers.
▪ Provide coaching and training to customer base, individually and in group.
▪ Report on TA impact
▪ ***Must be bilingual (Spanish & English). Applicants that do not indicate they are bilingual in
Spanish & English at the time of application will not be contacted***

Responsibilities:

REQUIREMENTS
▪ Support the technical assistance needs of the Lending Department’s borrowers in order to ensure
successful repayment of FINANTA debt.
▪ Provide technical assistance and coaching to all Department clients, whether for homeownership,
business, or consumer credit purposes.
▪ Expand the financial capacity of each borrower to perform and expand on credit.
▪ Provide project development coaching to borrowers.
▪ Secure and manage resources/expertise to implement customer projects as needed.
▪ Pull, review, and store credit reports in each borrower’s file.
▪ Assess net monthly income to meet credit obligations.
▪ Coach clients to produce a financial action plan setting up a specific course of action and credit and
financial objectives. Follow up consistently for the term of the loan, making sure progress is made
and documenting outcomes.
▪ Coach borrowers to implement basic bookkeeping and create personal and/or business budgets.
▪ Calculate debt and cash available to anticipate debt reduction and debt management.
▪ Create client awareness on personal and family financial challenges, including excessive and
untimely spending or borrowing.
▪ Motivate borrowers while implementing financial action plans, including following up with creditors
and collectors, paying off judgments, and drafting credit dispute letters.
▪ Contact creditors to arrange client payments that are feasible and agreeable to creditors.
▪ Keeps records of each activity with borrowers, third parties, and internal decisions.
▪ Compile borrower documents and keep a running checklist of documents received and pending.
▪ Input borrower information in FINANTA’s data management System “TEA” and update as needed.
▪ Maintain archive of materials and resources shared with borrowers.
▪ Prepare and present credit and budgeting related workshops.
▪ Assist lenders in compiling information and preparing reports as needed.
▪ Conduct site visits to obtain missing information or assess delinquency.
▪ Coordinate and execute networking and educational opportunities, helping connect clients to local
resources.
▪ Report and evaluate TA implementation.
▪ Represent FINANTA at networking events whenever needed.
▪ Evening and weekend work are required.

Requirements:

QUALIFICATIONS
▪ An Associate’s or Bachelor’s degree in related field
▪ At least one (1) year or more experience in providing TA for mission driven lending
▪ Standard writing and verbal communication skills
▪ High proficiency in IT software
▪ Fluent in English and Spanish

Compensation:

JOB BENEFITS
• 100% HMO Single Coverage
• 100% Short/Long Term Disability Coverage
• 401K Employee Retirement Plan Available

Full-time
Salary: $35,000.00 to $50,000.00 /year

How to Apply:

Apply via Indeed: https://www.indeedjobs.com/finanta-68416fc/jobs/d253679beb89a45e20e7

Senior Program Officer Inclusiv
New York, NY
Job Function: Project Management
Posted: November 15, 2019

Background:

At Inclusiv, we believe that true financial inclusion and empowerment is a fundamental right. We dedicate ourselves to closing the gaps and removing barriers in financial opportunities for distressed and underserved communities by providing capital, making connections and building capacity, developing innovative products and services for community development credit unions (CDCUs) and working to transform local progress into lasting change at the national level. Founded in 1974, Inclusiv is headquartered in Lower Manhattan with offices in Madison, WI and Atlanta, GA. Inclusiv offers a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs.

Position Summary:

The Senior Program Officer will play a critical role in expanding Inclusiv’s impact by leading key programs and initiatives that expand financial inclusion in underserved communities with and through our community development credit union network. Reporting to the VP of Strategic Initiatives, the Senior Program Officer will oversee and grow existing programs and help shape new initiatives that seek to improve the financial health of low-income people. This is a great opportunity for a passionate, committed person with exceptional project management skills seeking to help us build a more equitable financial system that empowers all consumers and builds strong healthy communities. This position is based in our New York City office.</p>

Responsibilities:

-Lead project management of key initiatives to improve member financial health and build capacity of community development credit unions to serve their communities
-Lead all aspects of program design and implementation, including managing strong relationships with CDCU participants and program partner organizations, coordinating trainings, providing in-depth guidance and support and working across teams to achieve program goals
-Build and maintain strong relationships with a range of partners including credit unions, foundations, national nonprofits, community organizations, industry players and corporate supporters
-Excel at working across units and leading teams to achieve program goals
-Represent Inclusiv in a range of contexts, such as leading training sessions and speaking at conferences on Inclusiv programs
-Work with our Communications team to prepare and disseminate information, releases, articles and other communications on programs and initiatives
-Support fundraising activities including grant writing and grant reports
-Other duties as needed and as projects evolve
-Position requires 15-20% travel across the US

Requirements:

Bachelor’s degree required; Master’s Degree preferred
5-8 years relevant work experience in nonprofit program management, community development, consumer finance/banking, or policy advocacy
1-2 years management experience
Strong project management and organization skills; experience effectively managing multiple projects across different internal and external constituents to drive results
Demonstrated ability to manage programs and build relationships in communities of color, particularly in African American and Hispanic communities
Excellent communication skills, both written and oral
Commitment to Inclusiv’s mission to help low- and moderate-income people and communities achieve financial independence
Dedication to always producing the highest quality work and motivated to constantly seek new and better ways to reach goals
Ability to work well in teams as well as independently

Compensation:

Competitive salary and benefits package based on experience.

How to Apply:

Please submit cover letter and resume to hr@cdcu.coop. Resumes will be accepted until November 27, 2019.

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