Industry Job Bank

  • 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. To edit or remove a posting please contact info@ofn.orgSubmissions will be reviewed and posted within 1 business day to ensure relevancy to the industry.

If you are looking for internships please visit our CDFI Industry Internship Bank.

Loan Officer Rural Community Assistance Corporation
West Sacramento, CA
Job Function: Lending/Loan Operations
Posted: December 27, 2017

Background:

Founded in 1978, RCAC is a 501(c) (3) non-profit that provides training, technical and financial resources and advocacy so low-income rural communities can achieve their goals and visions. For more than 35 years, our dedicated staff and active board, coupled with our core values: leadership, collaboration, commitment, quality and integrity, have helped effect positive change in rural communities across the West. 

Loan Fund Department

The Loan Fund provides financial resources to rural communities and organizations across RCAC’s service area.  The department provides assistance to potential borrowers to structure their requests for funding to meet RCAC loan fund requirements. It works closely with the Communications Development and Events department to ensure that RCAC has adequate resources to meet loan requests and to develop new programs for the department. The department is responsible for investor relations and loan administration.  

Position Summary:

The Loan Officer is the primary point of contact for RCAC lending in a specified region.  The position is responsible for developing a borrower base, and maintaining relationships with borrowers over the life of their loan(s).  Major responsibilities include, but are not limited to: originate and underwrite loans; enable RCAC technical service (TA) providers to gain access to the resources of the Loan Fund; provide assistance to clients including linking to RCAC TA providers where appropriate; train at network conferences and workshops; and assist the loan administration team with loan servicing.

 

Responsibilities:

Specific job goals, objectives and tasks are established for each employee as part of the annual evaluation and work plan process. Examples of responsibilities and duties include but are not limited to the following:  

Loan underwriting and origination

  • Work with prospective nonprofit, Tribal and public body loan applicants. Assist with analyzing needs and structure of their request for capital
  • Work with Small Business Loan applicants. Analyze and determine applicable loan products to meet the applicant’s business needs.  
  • Conduct comprehensive site visits
  • Underwrite wide range of loan types 
  • Negotiate loan terms and requirements with borrowers within RCAC guidelines
  • Work with the Credit Manager to finalize the terms and credit memo
  • Present proposed loan for staff credit review and the RCAC loan committee for approval
  • Present final negotiations with borrowers if changes are made

Loan servicing

  • Assist Loan Administration in loan closing 
  • Assist Loan Administration by monitoring projects through the development process including review and approval of loan disbursements
  • Perform periodic site inspections
  • Work with borrowers. Recognize and deal with cash flow and other issues that may affect loan repayment
  • Provide periodic analysis of borrower financial statements and reports 

Training

  • Design and deliver individual or group presentations at conferences and workshops

Outreach

  • Market and represent RCAC and the loan fund to existing and potential clients
  • Maintain excellent customer relations and service 
  • Maintain working relationships with federal, state and other agencies and firms that are partners in providing resources for rural areas 

Professional development

  • Update job knowledge by participating in educational opportunities; review professional publications, websites, etc.; maintain personal networks; participate in professional organizations

Requirements:

Skills and Qualifications:

  • Ability to work with minimum supervision and handle multiple priorities simultaneously 
  • Proficiency with personal computers, including cloud computing and Microsoft Office
  • Ability to listen effectively and communicate verbally and in writing
  • Commitment to rural communities, and disadvantaged groups
  • Knowledge of  financial needs for rural community and economic development projects
  • Experience underwriting loans for community development projects
  • Knowledge of government programs and regulations related to various community development programs
  • Previous experience working with nonprofits, local and Tribal governments highly desirable

Preferred Education and Experience:

  • A combination of experience and education is necessary to qualify for the position.

A typical qualifying combination would be:

Experience:

  • Five (5) years of any combination of applicable experience in commercial real estate lending, and/or community development lending and/or Small Business Lending (if a higher level of related education is possessed than is required, this education may be substituted for the experience requirement up to a maximum of one year). 

Preferred Education:

  • Bachelor's degree (additional qualifying experience may be substituted).

Physical Requirements:

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Work performed in an office requires ability to operate computers and various pieces of office equipment, including telephone. Use may be moderate (average 2 hours per day) to heavy (4 or more hours per day)
  • While performing the duties of this position, the employee is frequently required to stand and/or sit for prolonged periods of time; walk; talk; hear; use hand to finger; handle; feel or operate objects, tools or controls; and reach with hands and arms.  The employee is occasionally required to climb or balance; stoop, kneel, crouch or crawl.
  • The employee may occasionally lift and or move up to 25 pounds.  Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
  • This position also requires moderate (up to 2 days per month) to heavy (up to 10 days per month) automobile and airline travel, including overnight travel. 

Special Requirements:

  • Possession of a valid driver’s license and proof of insurance that meets the minimum requirements ($100,000/$300,000) of RCAC corporate liability policy will be required when traveling for business purposes.
  • Position may be located anywhere in the western states service area of RCAC but must be within a 60 minute drive of a major airport. West Sacramento (RCAC headquarters) is the preferred location. 

Compensation:

$70,000 to $76,000 annually.

How to Apply:

Please visit our website at www.rcac.org/careers to complete an online application.

Senior Development Officer Capital Good Fund
Providence, RI
Job Function: Fundraising
Posted: December 27, 2017

Background:

Capital Good Fund (Good Fund) is a social change organization whose mission is to provide equitable financial services that create pathways out of poverty. As a non-profit, U.S. Treasury-certified Community Development Financial Institution, we offer low-income families one-on-one Financial & Health Coaching and personal loans of $300 - $25,000. Since our founding in 2009, we have financed nearly 2,300 loans totaling $3.5 million (with a 95.9% repayment rate) and graduated over 1,300 people through Financial Coaching. The Senior Development Officer supports the organization’s growth goals by raising philanthropic and loan capital from banks, credit unions, religious endowments, high-net-worth individuals, family offices, and foundations.

 

Position Summary:

This position is an opportunity to help a growing non-profit build strong, sustainable, and diverse sources of philanthropic funding and loan capital as we expand to new markets. The Senior Development Officer will work with the Development Officer, whom they will manage, to research, organize, write, report, and follow up on grants, individual donor appeals, and other fundraising activities. In addition, the Senior Development Officer will support our CEO as he works to secure the investments and loan capital necessary to sustain our operations and drive organizational growth.

Responsibilities:

Key job duties include:

  • Build and maintain relationships with new and existing funders. 
  • Manage the fundraising schedule, ensuring that letters of inquiry, grants, and grant reports are submitted on time
  • Prepare, edit, and submit grant materials (narratives, budgets, and attachments) in conjunction with the Development Officer
  • Serve as project manager for proposals that involve input from multiple departments, including our annual federal grant cycle and other six-figure grants.
  • Work with the CEO to develop short- and long-term fundraising goals and strategies.
  • Work with the Accounting Team  to track and report on fundraising activities
  • Work with the CEO and Director of Communications to create content for a quarterly newsletter for investors and donors

Requirements:

About You:

We are looking for exceptional people. Capital Good Fund employees are passionate, motivated, and committed to using financial services to transform the lives of people living in poverty.

You must:

  • Possess strong writing skills
  • Demonstrate the ability to communicate and present information in a clear and professional way to diverse audiences
  • Be able to “sell” ideas, causes, programs, etc
  • Be an effective peer leader
  • Be detail-oriented
  • Be comfortable making cold calls
  • Be comfortable learning new digital tools

Preferred Qualities:

  • Prior grant-writing, compliance, stewardship, and/or other fundraising experience strongly preferred 
  • Demonstrated success in building relationships with new organizations
  • Have project management experience and / or experience managing others 

Compensation:

Training and Compensation:

The SDO will receive substantial training in our data systems and grant processes, as well as on Good Fund’s products and services. The SDO will work closely with experienced development staff until such time as he or she is proficient in the responsibilities of the role. 

This is a full-time, forty-hour-per-week position based in our Providence, Rhode island Headquarters. The SDO will earn an annual base salary of $40,908.80, and five years of relevant experience will raise the base salary to $44,508.80. In addition, the SDO will receive a competitive benefits package that includes a 401(k) plan with an employer match of 2%, medical insurance with a $250/month employer subsidy, dental insurance fully covered by employer, a RIPTA bus pass fully subsidized by employer, five paid sick days per benefit year, 15 paid personal days in the first year on staff, and the opportunity to apply for Employee Loans of up to $2,000 at 0% interest.

How to Apply:

Please email a cover letter, resume, and writing sample (one to five pages) to jobs@capitalgoodfund.org. Applications will be reviewed on a rolling basis.

In the cover letter please address the following topics:

  • Your grant-writing and development experience
  • An example of a project that you managed, and what the results were

 

Chief Executive Officer Working Solutions
San Francisco, CA
Job Function: Financial Services
Posted: December 27, 2017

Background:

Working Solutions is a nonprofit Community Development Financial Institution (CDFI) whose mission is to provide entrepreneurs with access to capital and consulting services to start or grow successful businesses.  It serves a diverse population and prioritizes low-income individuals, women, and minorities while focusing on supporting microenterprise growth as a strategy to strengthen the local economy, create jobs, and build strong communities.

Working Solutions is the first to believe in the dreams of underserved entrepreneurs.  The organization provides fixed rate microloans of $5,000 to $50,000 coupled with pre- and post-loan business consulting for the term of each loan.  Founded in 1999, Working Solutions launched its lending services in 2005, and the organization has since educated thousands of business owners, specifically those in the early stages of business growth and development, and extended over $14.5 million in microloans with the extraordinary repayment rate of 96%.  

Working Solutions has achieved these results with a growing and diverse team of now 16 employees and a Board comprised of business and community leaders.  Headquarters are in San Francisco with satellite offices in San Rafael and Oakland, and the organization currently serves nine counties in Northern California.

It has been a year of incredible growth for Working Solutions with an increase of 46% in loans and 66% in dollars going to help Northern California entrepreneurs.  As a responsive leader in the field, Working Solutions stepped up quickly to create the Emergency Relief Loan

Position Summary:

The ideal CEO candidate will have proven knowledge and expertise of CDFIs with an emphasis on nonprofit management and small business lending in the nonprofit CDFI context.  She/he will have a demonstrated commitment to the mission of the organization and a successful track record of managing a professional and committed staff, fostering and cultivating external relationships, and partnering and reporting to a dedicated Board.

We seek candidates who possess a superior ability to articulate a compelling vision and can inspire others toward fulfilling that vision-one that will build on the success, strong relationships, and solid foundation of Working Solutions and move it toward the next horizon of growth.

Responsibilities:

  • Working Solutions seeks a CEO that will provide vision, leadership, and oversight to accomplish the strategic goals of this highly respected organization.  She/he will be a quick and curious learner and a change-maker with deep listening skills and a passion for building relationships both externally and internally.  
  • The successful candidate will work directly with the Board of Directors and staff to propel the organization forward in both a relevant and impactful way by enhancing its visibility, increasing resources and support for the organization, and establishing key strategic priorities.  She/he will have the benefit of using the outgoing Founding CEO as a trusted advisor to ensure key relationships and partnerships are smoothly transitioned.

Key responsibilities of the position:

  • Provide inspirational and visionary leadership.
  • Guide the Board and staff through a strategic planning process that creates both short-term and long-term priorities with benchmarks and deliverables.
  • Ensure the effectiveness, quality, and impact of Working Solutions’ products and services and motivate and hold the staff accountable for achieving goals.
  • Build, cultivate, and foster strong relationships with investors, partners, and other key stakeholders.
  • Lead the efforts along with key staff to increase and diversify grant and debt investments for the organization.
  • Oversee the financial health of the organization and provide leadership and direction during the budgeting process.
  • Hire, mentor, coach, and develop staff along with creating opportunities for them to grow and develop in their work.
  • Partner closely with the Board to recruit, support, and maintain a strong and engaged Board of Directors.

Requirements:

PERSONAL CHARACTERISTICS

  • The CEO will embody the following characteristics and qualities:
  • Excellent and intuitive communicator both verbal and written:  a leader and bridge-builder who can communicate with diverse audiences and manage diverse viewpoints in a professional and compelling manner.
  • Results oriented and resourceful along with the drive to be proactive, strategic, and operational. Can initiate new ideas and relationships while keeping a fast moving train on the tracks.
  • Confidence and ability to make and delegate decisions as needed, work well under pressure, and adapt easily to changing situations and priorities.  Good judgment and consensus-building skills.
  • Commitment to diversity, equity, and inclusion.

QUALIFICATIONS

  • The ideal candidate will have a minimum of 10 to 12 years of progressive management and leadership experience preferably with a CDFI or lending institution.  
  • She/he will have strong financial acumen and a proven track record of success in leading, managing, and growing a diverse organization and identifying new funders and investors.  

EDUCATION

  • Bachelor’s degree in Business, Economics, Public Administration, or related field.  
  • A Master’s degree is desirable.

Compensation:

An attractive compensation and benefits package will be provided to the successful candidate.

Working Solutions is an Equal Opportunity Employer.

 

How to Apply:

Please submit CVs and letters of interest to:

Tarek Azzani / tazzani@azzanisearch.com
Azzani Search Consultants
1 Market, Spear Tower, Suite 3600
San Francisco, CA 94105  
415-293-8181

Credit Analyst National Community Investment Fund
Chicago, IL
Job Function: Credit
Posted: December 20, 2017

Background:

National Community Investment Fund (NCIF; www.ncif.org) is a non-profit fund set up in 1996 to increase access to responsible financial products and services in underserved communities.  Total assets under management at NCIF are around $200 million, including $178 million of NMTC allocations outstanding.   It has recently received an additional $65 million in NMTC allocation awards.

NCIF achieves its mission via three complementary business lines:

  1. Tier 1 and Tier 2 Capital Investing in Mission Oriented Banks: We support institutions with equity and deposit investments.  NCIF has invested in the private capital of 58 financial institutions since inception, and currently has investments in 18 banks, all of which are CDFI/MDI banks - making NCIF the largest investor in the mission-oriented banking industry.  
  2. New Markets Tax Credits and Lending:  We channel funds into low-income communities using the New Markets Tax Credit (NMTC) program to finance small businesses and real estate development.  
  3. Research and Metrics:  NCIF pioneered the use of Social Performance Metrics (see www.bankimpact.org and www.BankImpactmaps.org) for measuring the impact and “telling the story” of mission-oriented banks, and publishes research on the industry and its impact.  Research forms a foundation and a competitive advantage for NCIF’s other lines of business.  NCIF runs an informal network of investee and other banks in the interest of strengthening the mission-oriented banking industry and supporting the flow of capital into low- and moderate-income communities. We enable peer-networking and help strengthen the sector via our Development Banking Conference. 

NCIF is in the process of raising a Credit Strategies Fund that will make loans to high impact projects nationally along with our network of banks.

Position Summary:

NCIF is looking for a Credit Analyst to join an entrepreneurial team, providing underwriting support and financial analysis to senior lenders on New Market Tax Credit transactions and direct loans. Knowledge of financial institution underwriting, including in loan participations, will be considered a plus.   

Responsibilities:

Specific responsibilities will include:

Financial Analysis and Underwriting

  1. Spreading financial statements and calculating/assessing financial ratios;
  2. Preparing summaries of financial analyses and opinions on risk assessment , and drafting or contributing to written credit presentations; 
  3. Analyzing NMTC deals from a financial and impact perspective, performing financial statement analysis, cash flow analysis, repayment analysis, collateral coverage, and analysis of risks and mitigants;
  4. Assisting in impact and financial data gathering and due diligence at inception and on an ongoing basis, including economic and industry assessments, document collection, and background research on projects and borrowers; and,
  5. Assisting in NMTC deal origination and closing, as appropriate.

Other tasks that may be assigned on an as needed basis.

  1. Gathering, organizing, and analyzing data related to new investment opportunities for NCIF in new CDFIs, small business lending and possibly fintech companies; supporting identification of and outreach in connection with new investment and lending opportunities;
  2. Assisting in the planning and execution of conference, regional meetings and marketing and communications plans;
  3. Assisting in CDFI program applications, NMTC applications and reporting, CDE certification, and CDFI Fund reporting as needed; 
  4. Assisting in portfolio management to ensure that all new transactions comply  with NCIF systems, policies and reporting requirements; and
  5. Undertake additional duties and special projects as assigned by the CEO.

Requirements:

  1. Passion for community development and for improving lives in underserved communities; 
  2. Undergraduate degree in Business, Economics, Finance or Accounting; graduate students may also apply; progress towards CFA designation would be considered a plus;
  3. At least 2-3 years of work experience in credit analysis in lending associated with commercial real estate, commercial lending, NMTC and/or community development banking;
  4. Detail-oriented with strong analytical skills; 
  5. Strong writing skills, with an ability to interpret financial information and weave it into a compelling story for various audiences; 
  6. Ability to work independently and cooperatively in a small entrepreneurial team in a high growth mode; and, 
  7. Resident in Chicago or willing to relocate.

Compensation:

Commensurate with experience.

How to Apply:

To apply, please send a resume, cover letter and writing sample to Lara Pawlak at lpawlak@ncif.org. Resumes without a cover letter and writing sample will not be considered.  

Loan Officer - Entry Northern Initiatives
Grand Rapids, MI
Job Function: Lending/Loan Operations
Posted: December 20, 2017

Background:

Northern Initiatives (NI) is a non-profit Community Development Financial Institution that provides access to capital, information and markets to advance and connect small businesses and their communities.  Northern Initiatives supports entrepreneurs, businesses, manufacturing firms, banks, educational institutions, and non-profit organizations in a common effort to strengthen the economy of Michigan and Northeastern Wisconsin.

Position Summary:

The entry level Loan Officer is responsible for developing and maintaining a portfolio of new and existing borrowing relationships. The position will train under the Senior Loan Officer, as the incumbent grows in the position. The Loan Officer acts as the borrower’s advocate by recommending suitable credit products, guiding them through the loan underwriting and approval process, securing technical assistance, where appropriate, and providing periodic, financial review and feedback. Travel required to specific communities in the lower one third of Michigan, utilizing a state administered loan program. Office could be located in Lansing, Kalamazoo, Adrian, Coldwater, or Grand Rapids.

Responsibilities:

This position will develop and maintain relationships with potential and current referral sources, with the primary goal of developing and growing the loan portfolio.  It also provides appropriate due diligence and oversight to the existing portfolio to minimize loss.

Business Development and Customer Consulting

  • Make new business development calls and follow-up on referrals.  This includes attending functions that business owners and referral partners typically attend. 
  • Interview and guide loan applicants through the loan application process.  
  • Respond to inquiries for information as requested by customers and applicants.   
  • Provide one-on-one counseling to borrowers regarding organizing and operating a small business profitably and improving their business practices.
  • Identify opportunities to provide technical assistance to borrowers.  
  • Refer customers to other Northern Initiatives’ staff and contract service providers as appropriate.

Due Diligence and Underwriting

  • Conduct due diligence on loan applicants, analyze financial data in order to determine credit worthiness and capacity to repay and meet other requirements per the Loan Policy.
  • Research industry and market sectors to understand applicant’s business industry, key risks and challenges. 
  • Present recommendations for loan approvals to the appropriate Loan Committee, with the guidance of Senior Loan Officer(s).
  • Ensure documentation of all loans is in compliance with the loan committee’s approval, Loan Policy and regulations of Northern Initiatives’ funding agencies.

Monitoring and Collections 

  • Maintain regular contact with borrowers, review financial statements as required by loan agreements, properly document customer contact and proactively identify borrower’s future financial needs.
  • Monitor all loans in the Loan Officer’s portfolio to identify problem accounts, working with borrowers to develop an action plan to avoid delinquencies.
  • Collect delinquent payments from borrowers.
  • Responsible for monitoring borrower risk ratings and making adjustments when warranted.  

Administrative Functions

  • Coordinate and communicate with department staff to ensure loan customers’ TA needs are met and tracked.  Responsible for reporting as required. 
  • Assist with collection, tracking and reporting of loan metrics.  
  • Other responsibilities/projects, as assigned.

Requirements:

  • 1-3 Year of Experience in Commercial Lending with emphasis on relationship management.
  • Bachelors Degree in Business, Accounting, or like field.
  • Bilingual and able to read, write and speak Spanish proficiently is preferred, but not required. 

Compensation:

Salary Range: $45,000 to $75,000

How to Apply:

Send cover letter and resume to Chuck Hurst at churst@northerninitiatives.org.

Communications and Events Intern Community Development Venture Capital Alliance
New York, NY
Job Function: Intern/Work Study
Posted: December 20, 2017

Background:

Based in New York City, CDVCA is a 501 (c)(3) network of community development venture capital (CDVC) funds. These venture capital funds make equity investments in businesses to create jobs, wealth and entrepreneurial capacity that advance the livelihoods of low-income people and the economies of distressed communities. They achieve a “double bottom line” of both market financial and important social returns. CDVCA works on many fronts to build, strengthen, and support the CDVC industry by combining advocacy, education, communications, and best-practices dissemination through conferences and workshops. 

CDVCA furthers its mission by making investments in low-income communities.  CDVCA has been making both fund-of-funds and direct investments in disadvantaged community businesses through its Central Fund since 2003. CDVCA currently manages investments totaling $168 million, including its Central Fund, federal and state NMTC programs, Innovate NY Fund, and the Puerto Rico Fund for Growth. CDVCA is the Managing General Partner of Innovate NY Fund, L.P., a $45 million New York State economic development fund-of-funds, which investments in early stage venture capital funds throughout the state, and the Puerto Rico Fund for Growth, L.P., a $47 million fund-of-funds dedicated to making investments to stimulate economic revitalization and employment  on the island of Puerto Rico.

Position Summary:

Description of Internship. Over the course of the internship, the Intern will work primarily to support the marketing, communications and logistical efforts of the annual CDVCA Conference (to be held in March 2018).

 

Responsibilities:

Responsibilities include:

  • Outreach to prospective participants via phone and email
  • Designing digital and physical marketing collateral, which include email announcements, conference booklets and posters
  • Designing and updating the event website
  • Posting conference updates and announcements on CDVCA’s social media accounts 
  • Arranging panel preparation calls
  • Coordinating and executing logistical arrangements before and during the event

Requirements:

Qualifications. An ideal candidate will be a self-starter who has: 

  • An undergraduate degree or graduate degree, or is currently pursuing either degree 
  • Excellent verbal and written communication skills
  • Proficiency in Adobe Illustrator and/or Photoshop
  • Proficiency in Microsoft Word, Outlook and PowerPoint
  • Previous experience working on either Squarespace or WordPress sites; HTML coding knowledge is a plus
  • An appreciation of creative challenges and interest in improving the lives of low-income communities
  • Willingness to work as part of a team

Compensation:

Please note that this is an unpaid internship.

How to Apply:

To apply please send a cover letter and resume to Feona Castro at FCastro@cdvca.org with the subject line “Communications and Events Intern Application”.

No telephone inquiries please. For more information about CDVCA visit our website www.cdvca.org

Portfolio Management Analyst/Loan Operations Specialist Boston Community Capital
Boston, MA
Job Function: Lending/Loan Operations
Posted: December 18, 2017

Background:

We are a national nonprofit organization dedicated to building healthy communities where low-income people live and work. Since 1985, BCC has invested over $1.4 billion in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, connecting these neighborhoods to the mainstream economy.  BCC has leveraged over $7 billion in public and private investment in underserved communities nationwide. Through several distinct business lines BCC reinvigorates communities in many ways, such renovating commercial real estate in distressed neighborhoods, introducing solar power to help contain energy costs for low-income families, providing financing for home owners facing foreclosure, and financing affordable housing, community health centers as well facilities that house child care, youth programs, charter schools and other organizations that provide essential social services.

We are committed to assuring that the entrepreneurial spirit that has fueled Boston Community Capital’s success for its first 30 years continues to be its driving force.  We focus closely on the changing and complex needs of the families and the communities we serve, working to expand the dynamic sources of capital available to bring change and opportunity to our communities, and to partner with diverse constituencies – individuals and institutions who share our goals of creating wealth, opportunity and lasting change at a significant scale.

BCC’s groundbreaking work has been featured in The New York Times, The Boston Globe, The Chronicle of Philanthropy, The Nation, US News and World Report, The Huffington Post, The Los Angeles Times, The Economist, and The Christian Science Monitor, and on NPR’s All Things Considered, PBS NewsHour, CBS Evening News, MSNBC’s All In with Chris Hayes, and Fox News.

The organization’s headquarters are in the Dudley Square neighborhood of Boston. To learn more about BCC, visit www.bostoncommunitycapital.org or follow us on Twitter @bococapital.

Boston Community Loan Fund (BCLF), an affiliate of Boston Community Capital, is seeking an experienced Portfolio Analyst and Loan Operations Specialist to support all aspects of BCLF’s lending program to a diverse set of borrowers, including affordable housing and real estate developers, charter school and community health center operators, and nonprofit and social enterprises serving low income families and communities.  The position is located in Boston, MA.

BCLF offers a full suite of lending products to its customers, including pre-development, acquisition, site development, construction, bridge, term and permanent debt.  Our greatest strength is our ability to offer creative debt solutions to strong borrowers delivering high impact opportunities to enhance the lives of low-income individuals and families.  BCLF’s loan portfolio of 120 loans ($130MM net outstanding) is distributed across more than a dozen states.

Candidates who reflect the diversity of the communities we serve and have a deep and demonstrated commitment to social equity are strongly encouraged to apply for employment.

Position Summary:

Boston Community Capital (BCC) is seeking a Portfolio Management Analyst/Loan Operations Specialist (PMA/LOS) who will be joining a portfolio team comprised of a Portfolio Manager, a Portfolio Analyst and a Construction Loan/Loan Operations Manager.  This team supports four Senior Loan Officers.

The PMA/LOS will assist with the loan closing, loan disbursements, loan monitoring and portfolio reporting operations for a highly successful Community Development Financial Institution.  Responsibilities will include reviewing loan documents for accuracy and consistency with approved loan terms and facilitating loan closing and loan disbursements.  The PMA/LOS will also be responsible for accurate and complete loan files and will be a liaison between the Loan Fund and the Finance department.  The position will analyze required borrower reports and test financial statements to confirm compliance with financial covenants.

This position reports to the Portfolio Manager; communicates regularly with borrowers and clients; attends and participates in Loan Fund staff meetings; interacts extensively with the lending team and staff/management in other BCC departments.  The position is pivotal to the continued success and growth of the Loan Fund and operates in a collaborative, cooperative, team environment.

Responsibilities:

Loan Documentation & Closing (40%):

  • Coordinate closing and funding process in conjunction with the portfolio management team, loan officers, borrowers and outside legal counsel
  • Manage the flow of loan documents from the commitment stage through closing and disbursement of funds
  • Review title reports, requisitions, escrow instructions, loan documents, surveys, environmental, appraisals, property condition reports, insurance and other exhibits ensuring no losses as a result of improper closing procedures
  • Ensure compliance with all loan closing and funding requirements
  • Anticipate and effectively manage closing problems by identifying and recommending solutions to meet the needs of BCLF and our borrowers
  • Ensure electronic and database files are kept organized, maintaining an audit trail of all closing steps

Portfolio Management (40%):

  • Communicate effectively with borrowers and serve as one of the primary points of contact for loan closing and post-closing loan management
  • Review and process funding disbursement requests, ensuring proper documentation and compliance with loan conditions
  • Collect quarterly financial statements and reporting documentation and assist in determining financial condition, credit-worthiness and project compliance for all borrowers
  • Maintain working knowledge of loan policies and procedures
  • Work closely with the Finance department to ensure correct accounting for all loans
  • Effectively track, analyze, communicate, and make recommendations to address loan delinquencies
  • Maintain post-closing credit and monitoring of original documents and electronic files
  • Prepare and maintain Loan Fund operations and activity reports
  • Maintain the loan portfolio management system and related databases

Social Impact, Compliance, & Reporting (10%):

  • Work with other staff to prepare annual and quarterly reports to the CDFI Fund and multiple other funders and investors
  • Work collaboratively with other departments to manage information, reporting and document preparation for various internal and external needs include funding requests, grant reports, annual audit, and compliance with investor covenants

Other duties as assigned (10%):

  • Assist or lead ad-hoc projects as assigned that may include industry research, product development, operational efficiency, compliance and reporting systems protocol, social impact tracking development, funding applications or policy analysis

 

Requirements:

REQUIRED SKILLS:

  • Understanding of and experience with commercial real estate and construction lending operations
  • Familiarity with real estate loan documents and basic legal terms
  • Experience with portfolio management and asset management
  • Demonstrated commitment to BCC’s mission
  • Demonstrated ability and interest in working productively across racial, ethnic and income differences
  • Team player
  • Ability to manage a variety of projects from multiple team members simultaneously
  • Demonstrated ability to maintain accurate electronic files and database systems

ADDITIONAL ABILITIES & SKILLS:

  • Understanding of and experience with the New Markets Tax Credit program
  • Knowledge and experience with nonprofit community-based organizations
  • Experience with Salesforce and loan management software strongly preferred

The position requires a highly motivated person with a background in commercial real estate or affordable housing lending operations.  The ideal candidate is also someone who understands the unique needs of developers working to improve communities where low-income families live and work.  The candidate must be a self-starter, have the demonstrated ability to accurately and efficiently work on several tasks simultaneously and have superior written and verbal communication skills.  Finally, the candidate should enjoy working in a mission-driven, growing organization and thrive in a friendly, cooperative, and fast-paced environment.

Compensation:

Salary is competitive and commensurate with experience within the guidelines of Boston Community Capital’s scale. The position comes with excellent benefits including medical, dental, life and long-term disability insurance, as well as generous vacation and employer contributions to a retirement account.

How to Apply:

The position is open until filled. Please submit a resume and cover letter to the attention of Andrew Koh, Senior Vice President, Operations at https://bostoncommunitycapital.recruiterbox.com/jobs/fk0fi23?cjb_hash=O_Osnm86&apply_now=true.

No calls please. Due to the high volume of applications, Boston Community Capital cannot return phone calls or inquiries about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

Boston Community Capital is an equal opportunity employer. Boston Community Capital is committed to a policy of equal employment opportunity for all employees or applicants for employment without regard to race, color, religion, gender, age, national origin, ancestry, sexual orientation, physical or mental disability, genetic information, veteran status or other protected status in accordance with applicable federal, state and local laws.

Loan Fund- Loan Officer Boston Community Capital, Inc.
Boston, MA
Job Function: Lending/Loan Operations
Posted: December 18, 2017

Background:

We are a national nonprofit organization dedicated to building healthy communities where low-income people live and work. Since 1985, BCC has invested over $1.4 billion in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, connecting these neighborhoods to the mainstream economy.  BCC has leveraged over $7 billion in public and private investment in underserved communities nationwide. Through several distinct business lines BCC reinvigorates communities in many ways, such renovating commercial real estate in distressed neighborhoods, introducing solar power to help contain energy costs for low-income families, providing financing for home owners facing foreclosure, and financing affordable housing, community health centers as well facilities that house child care, youth programs, charter schools and other organizations that provide essential social services.

We are committed to assuring that the entrepreneurial spirit that has fueled Boston Community Capital’s success for its first 30 years continues to be its driving force.  We focus closely on the changing and complex needs of the families and the communities we serve, working to expand the dynamic sources of capital available to bring change and opportunity to our communities, and to partner with diverse constituencies – individuals and institutions who share our goals of creating wealth, opportunity and lasting change at a significant scale.

BCC’s groundbreaking work has been featured in The New York Times, The Boston Globe, The Chronicle of Philanthropy, The Nation, US News and World Report, The Huffington Post, The Los Angeles Times, The Economist, and The Christian Science Monitor, and on NPR’s All Things Considered, PBS NewsHour, CBS Evening News, MSNBC’s All In with Chris Hayes, and Fox News.
The organization’s headquarters are in the Dudley Square neighborhood of Boston. To learn more about BCC, visit www.bostoncommunitycapital.org or follow us on Twitter @bococapital.

Boston Community Loan Fund (BCLF), an affiliate of Boston Community Capital, is seeking an early career Loan Officer to support in the delivery of all aspects of BCLF’s lending program to a diverse set of borrowers, including affordable housing and real estate developers, charter school and community health center operators, and nonprofit and social enterprises serving low income families and communities.  The position will be based in Boston, MA.

BCLF offers a full suite of lending products to its customers, including pre-development, acquisition, site development, construction, bridge, term and permanent debt.  Our greatest strength is our ability to offer creative debt solutions to strong borrowers delivering high impact opportunities to enhance the lives of low-income individuals and families.  BCLF’s loan portfolio of 120 loans ($130MM net outstanding) is distributed across more than a dozen states.

Candidates who reflect the diversity of the communities we serve and have a deep and demonstrated commitment to social equity are strongly encouraged to apply for employment.

Position Summary:

Boston Community Capital (BCC) is seeking a Loan Officer who will be joining a team of seasoned community development finance professionals.  The primary role of the Loan Officer will be to provide marketing and underwriting support to the Senior Loan Officers.  This will include industry, community and borrower research, financial statement analysis, credit analysis, and support during the loan underwriting, closing and funding process.  S/he will bring to the position a commitment to our mission, a desire to deliver innovative financing solutions to support real estate projects that advance our mission, a collaborative and generous spirit, and a learning orientation.  Successful candidates will possess/demonstrate the ability to successfully work with diverse communities.  The Loan Officer reports to the President of Boston Community Loan Fund.

Responsibilities:

  • Identify, as well as respond to, opportunities to enhance the efficiency, quality and impact of BCLF outreach, underwriting and loan documentation process
  • Analyze financial statements, project and operating budgets for feasibility, strength and quality
  • Identify critical questions to be answered during the underwriting process with respect to credit risks and mission fit
  • Maintain strong data and information collection systems
  • Support business development efforts, including cultivating new opportunities and authoring proposals for financial resources that support our work
  • Work as part of a diverse, collaborative and supportive team to expand the impact of BCC through its Loan Fund

Requirements:

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Identify, as well as respond to, opportunities to enhance the efficiency, quality and impact of BCLF outreach, underwriting and loan documentation process
  • Analyze financial statements, project and operating budgets for feasibility, strength and quality
  • Identify critical questions to be answered during the underwriting process with respect to credit risks and mission fit
  • Maintain strong data and information collection systems
  • Support business development efforts, including cultivating new opportunities and authoring proposals for financial resources that support our work
  • Work as part of a diverse, collaborative and supportive team to expand the impact of BCC through its Loan Fund

REQUIRED SKILLS:

  • Strong writing, research, financial analysis and communication skills
  • Competency in analyzing nonprofit, for-profit and real estate development company financial statements, budgets and projections=
  • Experience evaluating feasibility and impact of community development real estate projects
  • Demonstrated experience assessing the strength of operating organizations and management teams
  • Demonstrated ability and interest in working productively across racial, ethnic and income differences
  • Passion about the role of capital in community development and demonstrated commitment to BCC’s mission
  • Curiosity about promising new ideas and best practices to use the tool of debt to improve the lives of low-income people and communities
  • Ability to manage a variety of projects from multiple team members simultaneously
  • Team player
  • Success in fast-paced environments

ADDITIONAL ABILITIES & SKILLS:

  • 3-5 years of related work experience in a lending institution
  • Demonstrated experience structuring and negotiating loan structures
  • Demonstrated business development and client management experience 
  • Demonstrated experience underwriting, committing and closing loans
  • Community development finance experience strongly preferred

Compensation:

Salary is competitive and commensurate with experience within the guidelines of Boston Community Capital’s scale. The position comes with excellent benefits including medical, dental, life and long-term disability insurance, as well as generous vacation and employer contributions to a retirement account.

How to Apply:

The position is open until filled. Please submit a resume and cover letter to the attention of Andrew Koh, Senior Vice President, Operations at https://bostoncommunitycapital.recruiterbox.com/jobs/fk0fi23?cjb_hash=O_Osnm86&apply_now=true.

No calls please. Due to the high volume of applications, Boston Community Capital cannot return phone calls or inquiries about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

Boston Community Capital is an equal opportunity employer. Boston Community Capital is committed to a policy of equal employment opportunity for all employees or applicants for employment without regard to race, color, religion, gender, age, national origin, ancestry, sexual orientation, physical or mental disability, genetic information, veteran status or other protected status in accordance with applicable federal, state and local laws.

Chief Impact Officer Housing Trust Silicon Valley
San Jose, CA
Job Function: Financial Services
Posted: December 18, 2017

Background:

As one of the region’s highest-volume nonprofit housing lenders, Housing Trust Silicon Valley is leading the effort to create a strong, affordable housing market in the greater Bay Area. Serving those experiencing homelessness, renters and first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Our financial expertise and extensive private and public sector partnerships ensure we make the most out of every dollar so local residents can secure stable and affordable housing that works for them and their families.

Housing Trust is in a growth phase, more than doubling in asset size over the past two years and growing staff by 50% during the same period. We have made significant changes to our core programs to fill unmet needs in the region. In 2015, we became the first nonprofit Community Development Financial Institution (CDFI) with a Standard and Poor’s credit rating. Our AA- credit rating is a confirmation of our financial strength and our ability to make smart investments that maximize impact. Our financial health demonstrates that we have grown responsibly and sustainably, and, from this strong foundation, we plan to continue to grow our impact. 

Position Summary:

We are looking for someone enthusiastic about effecting meaningful change on one of the most pressing issues facing our region – creation and preservation of housing for low- to middle-income people in the greater Bay Area. If you have that enthusiasm and have prior CDFI-related experience that can enhance our ability to achieve greater impact – and are someone who can strengthen our leadership team and can thrive in a collaborative environment, this is the role you’re looking for.

In recognition of our recent growth and the accompanying organizational changes, we are in search of a Chief Impact Officer. This is an amazing opportunity to join a highly respected organization as a key member of senior management in a role that both meets specific growth needs for the organization and affords the flexibility to allow you to use your talents to their greatest potential. Housing Trust’s management team includes some of the top thought leaders in affordable housing in our region and has significant affordable housing, community development and business leadership experience. Each member of the team comes from a different background and brings a unique set of skills. These qualities, set in the highly collaborative work culture of the organization, make this an ideal place for a passionate change maker. Management and staff are all highly dedicated professionals committed to solving the housing affordability crisis one family at a time.

This position is full-time, exempt and reports to the Chief Executive Officer. As Chief Impact Officer, you will help provide leadership inside the organization while also assisting in representing the organization to our local, regional, and national partners. The position will head up three areas in the organization: Assets, Innovation, and Impact. 

Responsibilities:

ASSETS. As a lending institution, our assets are our loans and our relationships with our borrowers. Over the past two years we have created an in-house asset management and compliance department to oversee long-term multifamily and single family loans we and other local partners have made. As CIO, you will oversee this team and maintain the high quality of our loan assets while providing support to our borrowers to keep them current, in compliance, and housed. This department also oversees our two grant making programs – Finally Home, which provides security deposit assistance to the homeless, and the Housing Affordability Fund grant to homebuyers to pay for closing costs.
In addition, you will provide leadership to the organization by helping manage the growth in our lending programs and asset base. You will make sure the organization has appropriate policies and procedures for a growing CDFI. You will ensure that we are adopting best practices for growing CDFIs around internal controls and communication. And you will oversee the contracts for services we have for other agencies, public and nonprofit, to make sure we are able to deliver on our promises to external customers.

INNOVATION. At Housing Trust, part of our work is to be the R&D lab for affordable housing pilot programs. Our latest one is how to design and implement a new accessory dwelling units (ADUs) outreach and lending program. As CIO, you will oversee the ADU Program Manager and make sure we are on track with our pilot program goals. As CIO, you will also take the lead to seek out other innovative pilot programs to expand our lending programs and impact.

IMPACT. You will help guide the work of the organization’s Community Impact goals to understand and maximize the community benefit with Housing Trust’s resources. Formalize and implement a system to gather agency performance data, aggregate the data to report overall impact in the community and assist the Resource Development and Communications team in the dissemination of Housing Trust collective impact results and messaging.

Requirements:

  • Bachelor’s degree in Finance, Economics, Urban Planning, Sociology, Real Estate or related field and 10 years relevant experience in affordable housing or community development lending at either a CDFI, credit union, affordable housing organization or Community Development department of a financial institution or related field. Master’s Degree preferred.
  • Significant CDFI experience, having worked at a CDFI, as funder or as a borrower.
  • Proven senior management experience; track record of effectively leading a performance- and outcomes-based team.
  • Superior communication skills and excellent interpersonal skills.
  • A strategic thinker able to manage the day to day of a growing organization, while providing the strategic insight and leadership needed to guide and achieve goals.
  • Exceptional attention to detail and accuracy.
  • Operate with the highest degree of integrity.
  • Effectively accumulate and present data in effective and engaging presentations.
  • Experience working with CRM, mortgage lending software as well as standard business software.  

Compensation:

The annual salary range is $110,000 to $140,000 for this full time, exempt position.

How to Apply:

To be considered for this position, please send a letter of interest along with an updated resume to Jobs1@housingtrustsv.org.

Accessory Dwelling Unit Program Manager Housing Trust Silicon Valley
San Jose, CA
Job Function: Business Development
Posted: December 18, 2017

Background:

The mission of the Housing Trust Silicon Valley is to make Silicon Valley a more affordable place to live. We make loans and grants to increase the supply of affordable housing, assist first-time homebuyers, prevent homelessness, and stabilize neighborhoods. Housing Trust Silicon Valley is an independent nonprofit organization launched in 2000 to help address the critical need for more affordable housing opportunities in the region and is the first nonprofit Community Development Financial Institution (CDFI) in the U.S. to earn an AA- credit rating from Standard & Poor's Ratings Services. 

Position Summary:

Are you a creative real estate or lending professional looking to have a positive impact on the biggest challenge facing our region? Are you dedicated and mission driven? And, do you take pride in your work and thrive in a collaborative environment with people who also exhibit these qualities? If so, Housing Trust Silicon Valley is the place for you.

As ADU Program Manager, you will report directly to the Chief Executive Officer and lead the design and implementation of new Accessory Dwelling Units (ADUs) outreach and lending programs. ADUs are going to be a critical tool to alleviating the state’s housing crisis – they can be built at a relatively low cost and with little impact on neighborhood character. With the passage of AB2299 and SB1069 last year, construction of ADUs is now easier than ever and with cities pushing to create friendly policies for ADUs, the missing link is getting information to the public about how to develop ADUs and creating financing sources homeowners can access to cover the cost of construction. Alternative tools for increasing affordable housing supply is a high priority for the Housing Trust and we have been recognized in City of San Jose Mayor Sam Liccardo’s Housing Plan as a partner on ADUs and have received seed capital from JP Morgan Chase from their PRO Neighborhoods program, in collaboration with Genesis LA.
This is an ideal opportunity for someone who is interested in effecting meaningful change on one of the most pressing issues facing our region – creation and preservation of housing for low- to middle-income people. Who will be successful in this role? Someone who enjoys innovating creative solutions that have real world use. Someone who wants to see a project through from the beginning research stages to successful execution. Someone who likes working with stakeholders to gather research and feedback, ultimately resulting in more effective outcomes. Someone who enjoys taking ownership of a project and isn’t afraid to ask questions. Someone who works independently and thrives in a fast-paced environment. Perhaps, someone like you?

Responsibilities:

Strategy and General Management 

  • Manage all aspects of program, including developing deliverable timeline, meeting deadlines, managing relationships with stakeholders, potential clients/borrowers and collaborators
  • Recruit a cohort of homeowners interested in developing ADUs and develop a user-centered program design process with the end goal of coming up with tools homeowners can use to successfully create ADUs

Program Design

  • Identify and outreach to stakeholders to solicit input
  • Design marketing and education plan to potential borrowers
  • Research market impediments to inform program design
  • Combine findings of user-centered design with collaborative learnings to work with our lending team to create lending product(s) and program policies and procedures
  • Design curriculum for cohort of interested homeowners 

Marketing and Education 

  • Oversee design of marketing and education materials that may include a website, email, print, video or other creative platforms

Requirements:

  • Bachelor’s degree in Business, Economics, Urban Planning, Real Estate or related field and 5 years relevant experience developing or managing programs in residential energy efficiency, residential solar, single-family lending, homebuyer education, affordable housing development or other related field
  • Experience managing projects, meeting deadlines and/or designing lending programs
  • Strong interpersonal skills 
  • Marketing experience
  • Experience preparing and delivering effective and engaging presentations
  • Exceptional attention to detail and accuracy
  • Experience with database software (particularly Salesforce-based), and expertise in Excel
  • Operate with the highest degree of integrity
  • Effectively accumulate and present data, verbally and in written form
  • Work independently, take initiative and solve problems
  • Proficiency in other standard office software - Outlook, MS Word, and PowerPoint

Compensation:

The annual salary range is $70,000 to $90,000 for this full time, exempt position.

How to Apply:

To be considered for this position, please send a letter of interest along with an updated resume to Jobs1@housingtrustsv.org.

Pages

Print Friendly, PDF & Email