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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.org. Submissions will be reviewed to ensure relevancy to the industry, and posted within 2 business days.

Investment Officer CNote
Oakland, CA
Job Function: Underwriting
Posted: June 3, 2019

Background:

CNote is on a mission to close the wealth gap in the U.S. through financial innovation. In collaboration with CDFIs, CNote creates financial products in cash and fixed income space with competitive returns and direct impact that are available to both retail and institutional investors. The funds raised through distribution of these financial products is the source of flexible and innovative capital for the CDFI industry. Along with capital, CNote provides marketing support to CDFIs to bring more visibility into their work and educate investors on financial and impact opportunities that exist with CDFIs.

Position Summary:

This position is primarily responsible for evaluating new CDFI partners, monitoring existing relationships and assisting in the portfolio construction. The Investment Officer will conduct the due diligence process following the proprietary underwriting framework. Through participating in the industry events and collaborations, he/she will develop relationships with CDFI partners and interested stakeholders, and work on different initiatives to promote CNote’s mission and drive the CDFI industry forward.
The company is based in Oakland, CA but the position can be remote.

Responsibilities:

● Prepare and present an investment memo to CNote senior leadership and an investment committee.
● Analyze CDFIs’ financial statements, loan portfolios, lending policies and procedures, and strategies to determine the degree of risk involved in extending credit, as well as recommend risk mitigation strategies.
● Organize onsite visits with CDFIs to conduct meetings with then senior management, board members, evaluate the team work and culture.
● Assess the impact track record of CDFIs including outputs and outcomes.
● Generate investment opportunities by developing relationships with the CDFI industry.
● Actively participate in the portfolio construction and portfolio management of CDFI investments. Ensure borrowers maintain compliance with quarterly and annual covenants and strengthen borrower relationships.
● Coordinate with technology, operations and legal teams on loan closings, documentation, CDFI onboarding and capital deployment.
● Collaborate with the technology team to enhance the underwriting and monitoring process and ways to leverage technology for the benefit of the whole CDFI industry.
● Assist in developing and implementing investment strategies and investment policies and procedures.
● Take a proactive role in bringing and sharing with the team insights “from the field” that guide product development
● Work across CNote’s teams to support CNote’s mission and the whole CDFI industry.

Requirements:

● Bachelor’s Degree or 5-7 years direct work experience in lieu of degree.
● Chartered Financial Analyst (CFA), or Master’s Degree in a relevant field of study not required but preferred.
● 5+ years demonstrated experience with financial statement analysis, financial modeling, and credit analysis, including underwriting, is required.
● Demonstrated experience writing and presenting detailed investment recommendations with emphasis on clarity, conciseness, and relevance.
● Strong understanding of accounting principles with the ability to apply knowledge to assessing risk and performing financial underwriting.
● Understanding of loan documentation and risk mitigation strategies.
● Experience in community or social finance is preferred.
● Demonstrated leadership ability with superior interpersonal skills and ability to work well with diverse constituents.
● Superior organizational skills and ability to manage multiple tasks effectively and efficiently under minimal supervision as well as ability to set priorities and meet deadlines under pressure without sacrificing quality.
● Advanced knowledge of MS Excel and financial modeling skills.
● Commitment to community and economic development.
● Some travel required (20% of time).
● Ability to work both independently and collaboratively with teams across CNote.
● Comfort working in a dynamic start-up environment, often remote.
● Capacity to be aware of, control, and express your emotions, and to handle interpersonal relationships judiciously and empathetically.
● Intellectual curiosity paired with a high growth-mindset.
● You can easily handle stress and you are unflappable.

Compensation:

● Flexibility. Ability to work from home, co-working spaces, on-the-go.
● Compensation. Competitive monetary compensation, as well as equity. We want you to have the ownership of what we build together.
● Benefits. Unlimited vacation time and employee benefits are available to fit your needs and ensure your well-being.

How to Apply:

CNote is committed to building an inclusive workplace culture where talented people of widely different backgrounds can thrive. We've adopted this commitment because we believe the inclusion of diverse perspectives will improve our work and produce better societal outcomes for all. We are actively seeking people who bring distinct backgrounds and perspectives to join us in this work.

CNote is an affirmative action and equal opportunity employer (AA/EOE/W/M/Vet/Disabled) and does not discriminate in recruiting, hiring, training, promotion or other employment of associates or the awarding of subcontracts because of a person's race, color, sex, age, religion, national origin, protected veteran, disability, sexual orientation, gender identity, genetics or other protected status. Qualified applicants with arrest and conviction records will be considered for the position in accordance with the San Francisco Fair Chance Ordinance.

We’d love to learn more about you! Please send your resume and a quick blurb about why you are excited about this opportunity to careers@mycnote.com with “Investment Officer” in the subject line.

Associate Director, Impact Lending REDF
San Francisco, CA
Job Function: Lending/Loan Operations
Posted: June 3, 2019

Background:

See what a job can do!

REDF is a venture philanthropy that invests exclusively in the growth and effectiveness of employment social enterprises―double bottom-line businesses helping people who otherwise are shut out of the workforce to get jobs, keep jobs, and build a better life. Since 1997, REDF has invested in 177 employment social enterprises in 26 states, employing more than 36,000 people and generating revenue of more than $720M. In 2017 REDF launched the Impact Lending practice to add an important tool to accelerate the growth of employment social enterprises. REDF is demonstrating a model for how flexible loan terms combined with technical assistance can improve borrower performance and attract new sources of capital.

Position Summary:

Associate Director, Impact Lending

Reporting to the Chief Program Officer, the Associate Director will be responsible for directing and growing REDF’s young Impact Lending practice. This newly-created role will manage all aspects of REDF’s commercial lending to employment-social enterprises and mission-aligned businesses. The role is responsible for strategy and operations including: origination, underwriting, and portfolio management. REDF needs someone willing to roll up their sleeves and be a hands-on doer when needed, as well as a great people leader and collaborator. Ideal candidates are entrepreneurial and motivated to help build this new practice which is intended to contribute meaningfully to the growth of the social enterprise sector and to helping thousands of individuals facing employment barriers such as incarceration, mental health challenges, and histories of homelessness.

Responsibilities:

Essential Responsibilities

Strategy
• Lead the development of REDF’s short and long-term commercial lending strategy rooted in quantitative and qualitative analysis of key industries, drivers of business performance, and REDF’s impact objectives.
• Establish key financial and operational KPIs and monitor and report on performance.
• Collaborate closely to maximize expertise of Board Committees, external stakeholders, and partners.

Loan Origination
• Ensure a steady pipeline of qualified borrowers across regions and within priority lending sectors (alternative staffing, maintenance & recycling, consumer goods, and manufacturing).
• Represent REDF’s impact lending practice at industry events to educate new audiences.
• Identify partnership opportunities with co-lenders including CDFIs, impact investors, and philanthropic organizations to build and share pipeline.

Underwriting
• Utilizing REDF’s data platforms, review and make recommendations for a standardized due diligence processes with a strong customer focus.
• Oversee and conduct due diligence to structure new loans including: reviewing application materials and financial statements, producing robust financial models and performing scenario analyses; evaluating social impact potential and interviewing borrower leadership teams and conducting site visits, preparing credit memos, through to loan closing.
• Perform benchmarking analyses using internal and external data to predict loan performance metrics and behaviors across industry and sector.

Portfolio Management
• Utilizing REDF’s data platforms, ensure data collection from borrowers, and review and make recommendations for standardized due diligence processes with a strong customer focus.
• With REDF Finance Department, monitor portfolio risk and implement mitigation strategies.

Building a Team and Developing Talent
• Self-awareness as a leader, demonstrated ability to build rapport and gain trust and value input of diverse people across levels, functions, culture, and geography.
• Hands-on manager, providing feedback with a growth mindset, creating opportunities for staff to increase skills while establishing clear responsibilities and accountability for performance.
• Design workflows and procedures to optimize performance of a small team.
• Work collaboratively and efficiently across departments.

Requirements:

Key Qualifications
• Minimum 5 years underwriting experience with 5 years management/supervisory experience in either commercial lending, impact investing, or management consulting is required.
• Demonstrated expertise in cash flow-based credit analysis and financial and operational due diligence of small businesses is required. Experience with priority lending sectors a plus.
• Strong financial modeling and financial statement analysis skills; willingness to use qualitative and quantitative data to drive the decision-making process.
• Proven ability to develop and manage excellent borrower relationships.
• Excellent judgement, strong negotiation skills, and a track record of exceeding goals.
• Proficiency using Salesforce as CRM system and data analytics tool for analysis and reporting
• MBA preferred; other graduate degrees or experience demonstrating an ability to manage complex problems using quantitative and qualitative data.
• Experience working with both for‐profit and non‐profit borrowers strongly preferred, with an ability to integrate double-bottom line metrics and provide technical assistance to borrowers.
• Comfort with ambiguous situations, conflict, unfamiliar tasks, and learning and experimenting when facing new situations while extracting lessons learned from mistakes and failures.
• Effective communicator with demonstrated external representation experience and situational awareness.
• Ability to travel up to 30% of the time.
• Commitment to REDF’s mission and vision

Compensation:

The Rewards
• Ability to help craft REDF’s next 20 years of impact
• Work with passionate, dedicated people
• Apply your passion for social change in your career
• Operate with a high degree of autonomy in a fast-paced, dynamic environment
• Competitive, comprehensive benefits package

How to Apply:

Join Us!

Please submit your resume and cover letter via REDF’s applicant portal:https://redfportal.secure.force.com/hr/fRecruit__ApplyJob?vacancyNo=VN329&.
A personalized cover letter is required; applications without one will not be considered.

REDF is an equal opportunity employer and is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation. REDF encourages employment applications from people who are representative of the culturally and ethnically diverse communities REDF serves. Pursuant to the San Francisco Fair Chance Ordinance, REDF will consider for employment qualified applicants with arrest and conviction records.

NOAH Preservation Impact Investment Fund Manager Greater Minnesota Housing Fund
St. Paul, MN
Job Function: Other
Posted: May 31, 2019

Background:

Greater Minnesota Housing Fund (GMHF) is Minnesota’s leading nonprofit affordable housing lender, providing a diversified range of products including predevelopment, acquisition, construction, bridge, first mortgage financing and equity capital for affordable housing in all 87 counties of Minnesota.

GMHF is certified by the Department of Treasury as a Community Development Financial Institution (CDFI) to address the affordable housing needs of Minnesota’s under-served areas including cities, towns, rural areas, and tribal nations. As a mission-driven 501(c)(3) nonprofit organization, GMHF is committed to Housing First principles, recognizing that safe, decent, affordable housing provides the foundation for improved social impact including improved health, educational, and employment outcomes. Housing is also essential to the economic vitality of Minnesota’s communities.

GMHF is known for its innovative programmatic solutions to Minnesota’s affordable housing challenges, working with impact investors, employers, local government and philanthropy to collaboratively address statewide housing demands. In addition to its CDFI lending, GMHF operates two nonprofit subsidiary funds: Minnesota Equity Fund (MEF), an equity investment vehicle for socially motivated investors to finance affordable housing, and NOAH Impact Fund, which invests in the preservation of unsubsidized, affordable multifamily rental housing in the Minneapolis/St. Paul metro.

Each year GMHF lends or invests $60 million to $80 million to create and preserve affordable homes across Minnesota. GMHF also awards between $750,000 and $1 million annually in grants to assist nonprofits specializing in legislative policy, legal advocacy, tenant organizing, homebuyer training, manufactured home park preservation, planning and technical assistance, and other complementary activities. Since 1996, GMHF has financed over 15,800 safe, affordable homes for individuals and households with low incomes in more than 600 developments, serving 180+ communities.

GMHF provides impact investors with a range of opportunities to invest in their communities and create affordable homes and improve the life outcomes of low-income families and vulnerable adults. GMHF has attracted over $175 million of private investment capital and over $150 million in charitable contributions in its 23-year history.

For more information about GMHF, visit www.GMHF.com.

Position Summary:

Responsible for leading the operations of the NOAH Impact Investment Fund Including real estate acquisitions and asset management assistance

The goals of the NOAH Impact Investment Fund include:
o In partnership with qualified nonprofit and for-profit owner-operators, deploy the Fund’s capital as equity investments in appropriately structured NOAH properties where, in the absence of the Fund’s involvement, rent affordability would be at risk of loss.
o Structure financing and partnerships to successfully preserve the affordability of the acquired NOAH properties over an expected period of 15 years.
o Grow the Fund through effectively achieving economic and social impact goals, raising new rounds of social impact capital, and managing the Fund’s assets in a manner that supports the acquisition and preservation of additional NOAH properties.
o Capitalize and close the NOAH Fund Pool II with $25 million, including institutional impact capital and mission-related investments (MRI).
o Acquire 900 - 1,000 units of at-risk unsubsidized affordable rental housing in an estimated 10-15 properties over 18-24 months with NOAH Impact Fund resources.
Position Responsibilities

The position will work directly with outside professionals, including legal counsel, developers, owner-operators, lenders, local and state governments, and representatives of other intermediary organizations to assess project viability and bring funded projects to closing. The position is heavily weighted towards financial analysis, deal structuring, and resolving legal and technical issues that require knowledge and direct experience with private sector multifamily real estate development, acquisition, construction, rehabilitation, and property management issues. The position will conduct the following activities:

Responsibilities:

General Areas of Responsibility
o General leadership and oversight of the Fund’s operations and activities; and work in partnership with the CEO and other members of management team.
o Secure $25 million in investment commitments per biennium, including a blend of social impact capital and institutional investor capital.
o Identify prospective acquisitions, secure owner-operator, and conduct underwriting.
o Leadership of owner-operator recruitment and NOAH project identification.
o Secure necessary programmatic and economic commitments from owner-operators.
o Prepare transaction summaries, underwriting reports, and recommendations for internal investment committee and board.
o Obtain equity financing approvals from board, committees, and investors as needed.
o Ensure that social impact goals and compliance requirements are agreed to and fully met.
o Underwrite related project loans if quick strike acquisition or bridge financing is required.
o Work directly with attorneys and accountants to resolve legal and technical issues.
o Coordinate closing and required closing documents with legal counsel.
o Monitor rehabilitation work and budget and approve draws.
o Identify investor prospects including corporate, insurance, bank, and philanthropic investors.
o Manage investor relations, conduct presentations, and close investor commitments.
o Maintain communication and manage reporting with all investors in the Fund.
o Conduct project management and ensure all administrative functions are performed.
o Serve as point person for inquiries by owners, investors, and funders.
o Other duties and responsibilities as assigned.

Pre-closing/Underwriting
o Prepare and review multifamily real estate proformas.
o Conduct in-depth multifamily real estate project analysis.
o Supervise and work with staff underwriters to perform complete underwriting.
o Review key documents including title insurance, surveys, appraisals, rent rolls, scopes of work, building condition needs assessments, environmental assessments, market information, and other reports.

Asset Management
o Supervise asset management staff in monitoring, reporting, site visits, and risk ratings.
o Develop asset management improvement plans to meet management objectives.
o Maintain project files according to structure in an accessible and organized manner.
o Ensure financial and project reporting to investors, including quarterly and annual reports, annual K-1 forms, and annual audits.
o Support portfolio management and reporting on investment portfolio(s).
o Supervise and assist asset management staff with underperforming properties and workouts.
o Ensure the cash and tax benefits are determined accurately and timely delivered to the Fund and investors.

Requirements:

This position is an integral part of GMHF’s management team and will play a key role in the corporation’s continued success. The ideal candidate:
o Is a seasoned leader with a passion for social investing, community development, and public finance with a minimum of 10 years progressive business experience as a senior development professional in the field of multifamily real estate development, underwriting and/or public finance and private sector multifamily housing.
o Possesses proven skills in multifamily real estate finance and developer/investor relations. The position requires strong interpersonal and organizational skills, and the ability to work in a fast-paced environment with multiple priorities while meeting firm deadlines.
o Is extremely well-organized and self-directed, able to work in a high energy team environment with extensive interactions, and able to work independently.
o Is able to plan, schedule, and prioritize responsibilities, and work productively under strict time constraints, and organize and schedule tasks in support of multiple projects with a wide range of production and monitoring requirements.
o Is able to deal effectively with other dynamic internal staff, and external parties, including developers, owner-operators, investors, funders, government agencies, and the general public.

Additional qualifications include:
o Thorough understanding of partnership structures and partnership issues.
o Knowledge of multifamily real estate credit analysis, unsecured lending to nonprofit and for-profit organizations, and ability to underwrite multifamily real estate properties.
o Experience negotiating partnerships and closing multifamily transactions with investors.
o Proven track record of guiding multifamily real estate from predevelopment through closing, build-out, and lease-up.
o Excellent verbal communication skills, writing and publication skills.
o High tolerance for ambiguity and able to navigate uncertain situations.
o Ability to work on a variety of programs and projects simultaneously.
o Strong computer skills required in MS Office, high proficiency in Excel and Word.
o Master’s degree in business, finance, multifamily real estate development, planning or equivalent employment experience.

Compensation:

Negotiable

How to Apply:

Please send your resume to Rebecca Martin, COO at alancaster@gmhf.com

Investments Officer Silicon Valley Community Foundation
Mountain View, CA
Job Function: Investment
Posted: May 30, 2019

Background:

ABOUT SILICON VALLEY COMMUNITY FOUNDATION
Silicon Valley Community Foundation advances innovative philanthropic solutions to challenging problems. As the largest community foundation in the world, we engage donors and corporations from Silicon Valley, across the country and around the globe to make our region and world better for all. Our passion for helping people and organizations achieve their philanthropic dreams has created a global philanthropic enterprise committed to the belief that possibilities start here. Learn more at siliconvalleycf.org.

Position Summary:

JOB SUMMARY
The Investment Officer reports to the Senior Vice President of Investments. The Investment Officer is a member of a small and highly collaboratively team that stewards the foundation’s investments and investment relationships to ensure strong consistent performance, effective operations and clean audits.

The Investment Officer works closely with donor and community facing teams to present and explain SVCF’s various investment programs, including the Investment Pools, Individually Managed Funds, Nonprofit Investment Program, Community Impact Loan Fund, and donor recommended impact investments. Working at the intersection of social impact and investment, the Officer coordinates activity of the loan fund, a place-based impact fund providing capital to community organizations. The Officer also participates in conducting due diligence, monitoring and reporting on individual impact investments recommended from donor advised funds. Excellent written and verbal communication skills are essential. A strong knowledge of institutional investing, credit underwriting and community financing practices is highly desired. The successful candidate is analytical, results oriented, adept at juggling multiple priorities, and enjoys new challenges and continuously advancing the quality of their work.

The Officer works closely with the Senior Vice President, Senior Investments Officer, and Investments Associate to administer, monitor or support SVCF’s various investment programs and third-party relationships. The Officer collaborates with development and donor service teams to present SVCF’s investment programs to potential and existing clients, and develop appropriate investment solutions. The Officer also works cross-functionally and closely with community and donor facing teams, marketing and SVCF’s loan consultant to coordinate activities of the Loan Fund. The Officer communicates with potential and existing donors, nonprofits, loan fund borrowers, community partners, investment managers, service providers, and other outside groups. The Officer attends regular Investment and Loan Fund committee meetings and represents SVCF to outside groups as requested.

Responsibilities:

RESPONSIBILITIES
• Present SVCF’s investment pools, programs and services. Explain SVCF’s investment policies, strategy, portfolio composition, costs and performance. Prepare effective presentation materials. Evaluate donor or nonprofit fund activity in light of charitable goals and advise on appropriate investment solutions and pool allocations. Prepare annual reviews and custom fund analysis and communications.
• Periodically meet with existing investment managers in SVCF’s investment pools to review strategy, monitor performance, and explain how the strategy and manager’s skill complements the portfolio.
• Develop and maintain investment-related marketing collateral and donor/client communications. Leverage marketing and social media channels to inform internal and external stakeholders about investments.
• Conduct due diligence on program- and mission-related investments recommended by fund advisors. Advance policies, guidelines and practices to ensure best in class services and operational viability.
• Work with Loan Fund team and external consultant to prioritize prospective borrowers, coordinate underwriting, process loans, manage the portfolio and resolve operational issues. Ensure timely evaluation, credit quality, mission alignment and local impact.
• Develop compelling investor communications and impact reporting to drive ongoing investment from donor funds to the Loan Fund. Coordinate planning and preparation of Loan Fund committee meeting agendas and docket materials. Prepare regular reporting to board, staff and donors.
• Maintain knowledge of local, regional and national trends and conditions in place-based, community investing and community finance, including activities of potential co-funders such as CDFIs, foundations, family offices, and bank community investment units.
• Maintain knowledge of donor advised fund rules (PPA 2006), endowment and institutional fund investment practices (UPMIFA), and endowment spending and investment policy best practices. Establish self as knowledgeable resource for donors and nonprofits.
• Maintain valuation support for annual audit deliverables, including loan and impact investments information necessary to complete audit schedules, valuations and notes and tables for financial statements. Generate audit deliverables as requested.

Requirements:

QUALIFICATIONS
• Bachelor’s degree and four to seven years of experience or equivalent combination of education and experience; degree in finance, investments, business administration, real estate or urban planning preferred; advanced degree a plus; experience in investments, loan documents, due diligence, and credit underwriting preferred
• High degree of self-motivation, dedication, creativity, and perseverance
• Proficiency in analyzing financials of nonprofit and social enterprise organizations
• Excellent cross-functional project management and ability to work with diverse groups
• Exceptional verbal and written communication skills
• Highly proficient in Excel, Word and PowerPoint
• Strong knowledge of institutional investment practices and portfolio management principles
• Strong knowledge of accounting and financial reporting principles
• Highly organized and able to manage multiple priorities
• Strong analytical and qualitative skills

Compensation:

Commensurate with skills and experience

How to Apply:

APPLICATION PROCEDURE
Submit a resume with cover letter explaining your interest in the position and what you would bring to Silicon Valley Community Foundation to https://jobs.lever.co/siliconvalleycf.org/f6f69909-6a06-4115-9e84-e962e2...

Application deadline: open until filled.

Internal candidates should contact a member of the Human Resources Department directly.

Investment Operations Coordinator Silicon Valley Community Foundation
Mountain View, CA
Job Function: Investment
Posted: May 30, 2019

Background:

ABOUT SILICON VALLEY COMMUNITY FOUNDATION
Silicon Valley Community Foundation advances innovative philanthropic solutions to challenging problems. As the largest community foundation in the world, we engage donors and corporations from Silicon Valley, across the country and around the globe to make our region and world better for all. Our passion for helping people and organizations achieve their philanthropic dreams has created a global philanthropic enterprise committed to the belief that possibilities start here. Learn more at siliconvalleycf.org.

Position Summary:

JOB SUMMARY
The Investment Operations Coordinator reports to the Senior Vice President of Investments, who reports to the Executive Vice President of Finance. The Investment Operations Coordinator is a member of a small and highly collaborative team that stewards the foundation’s investments and investment relationships to ensure strong consistent performance, effective operations and clean audits.

The Coordinator is responsible for operations, administration and audit deliverables across SVCF’s various investment programs, including the Investment Pools, Individually Managed Funds, Community Impact Loan Fund, and impact investments. The Coordinator is a key liaison between SVCF staff, consultants, investment managers, custodians and banks — responsible for processing transactions, onboarding new investments and maintaining records. The Coordinator updates marketing and donor communications, and generates annual audit deliverables. Prior experience with investment operations and/or accounting and finance administration in a fast-paced environment is highly desired. The successful candidate is highly organized, results oriented, with excellent teamwork and time management skills.

The Coordinator works closely with the Senior Vice President, Senior Investment Officer, Investment Officer, and Accounting staff to administer, transact and maintain SVCF’s various investment programs and third-party relationships. During audit season, the Coordinator works closely with Accounting and SVCF’s auditors to produce audit deliverables. The Coordinator communicates regularly with potential and existing advisors, custodians, investment managers and other service providers. As a member of SVCF’s operations and enterprise-system user group, the Coordinator collaborates with other departments to implement technology enhancements and drive process improvements.

Responsibilities:

RESPONSIBILITIES
• Coordinate manager transitions and portfolio rebalancing, transact purchases and redemptions, process capital calls, distributions and fees, and maintain cash guidelines. Work with external service providers and internal staff to develop productive relationships and resolve operational issues in a timely and constructive manner.
• Coordinate investment onboarding across key stakeholders: prepare, route and process new account forms and agreements, maintain investment records in RE, Black Diamond and Excel, administer user logins, and maintain authorized signer lists.
• Coordinate and prepare annual investment-related audit deliverables including investment roll-forward, schedules, valuation support and financial statement tables. Coordinate collection of K-1s, foreign accounts and partnership reporting for preparation of investment-related tax filings.
• Maintain timely updates to investment communications including performance reports, fact sheets, webpages, PowerPoint presentations, fund activity reports and other communications. Maintain department intranet and shared files as the department administrator.
• Monitor and process group email boxes including electronic and physical mail, invoices, security litigation notices, proxy voting and legal, tax or regulatory filings.
• Coordinate maintenance and renewal of $145 million in bank certificate of deposits.
• Prepare assigned investment committee reports. Provide backup support on committee meeting scheduling, correspondence, docket preparation and distribution, catering and minutes, as needed.
• Develop and maintain written procedures in support of job functions. Participate in technology and operations working groups to represent department needs, coordinate enhancements and drive process improvements.

Requirements:

QUALIFICATIONS
• Bachelor’s degree and three years of experience or equivalent combination of education and experience; degree in finance, accounting or business administration preferred; experience in investment operations, accounting or finance administration preferred
• High degree of self-motivation, dedication and perseverance
• Highly proficient with Excel, PowerPoint and Word
• Highly organized and able to manage multiple priorities
• Strong attention to detail and accuracy is critical
• Excellent written and oral language communications skills
• Ability to work as a team member in varied activities and projects
• Ability to maintain confidentiality of extremely sensitive and private data

Compensation:

Commensurate with skills and experience.

How to Apply:

APPLICATION PROCEDURE
Submit a resume with cover letter explaining your interest in the position and what you would bring to Silicon Valley Community Foundation to https://jobs.lever.co/siliconvalleycf.org/cf7546c2-58d8-4aa6-8e3b-ccf8d8...

Application deadline: open until filled.

Internal candidates should contact a member of the Human Resources Department directly.

Advisory Associate, Affordable Housing MRI Software
Boston, MA
Job Function: Financial Services
Posted: May 29, 2019

Background:

Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. TCAM, an MRI Company is a growing, national consultant and third-party asset manager to the capital providers of the affordable housing industry. The work environment is fast-paced and rapidly changing.

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

Position Summary:

​MRI Software is seeking an Advisory Associate to join our team in Boston! As an Advisory Associate, you will have the opportunity will work as part of the advisory services team to analyze and evaluate assets, portfolios, transactions and organizations on behalf of affordable housing clients. You will develop and maintain strong relationships with clients, understand partnership, financing and tax matters, as well as real estate issues at the operating partnership level, and research market and industry trends.

Responsibilities:

Provide analytical support for Affordable Housing underwriting and transaction modeling
Assist in benchmarking for clients by researching asset management and property management practices and performance
Participate in the drafting and presentation of client deliverables
Establish relationships and communicate regularly with general partners, lenders, government agencies, investors and property managers
Respond to client requests for information through informal interactions and formal presentations
Prepare financial analyses and projections for individual multifamily assets, as well as portfolios comprised of numerous assets
Assist in scoping new engagements, including responding to Requests for Proposals
Participate in cross-functional teams working on on-going asset management engagements

Requirements:

Bachelor’s Degree; coursework in basic principles of accounting
2+ years of experience in multifamily real estate, commercial real estate lending, or community development
Strong communication and analytical skills
Experience with financial analysis and spreadsheet modeling
MS Excel and Word proficient

Compensation:

TBD

How to Apply:

https://www.mrisoftware.com/jobs/advisory-associate/

or email resume to careers@mrisoftware.com

Analyst, Affordable Housing MRI Software
Boston, MA
Job Function: Finance
Posted: May 29, 2019

Background:

Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. TCAM, an MRI Company, is a growing, national consultant and third-party asset manager to the capital providers of the affordable housing industry. TCAM’s work environment is fast-paced and rapidly changing.

Position Summary:

MRI Software is seeking an Analyst to join our team in Boston! This team focuses on providing asset management and consulting services to stakeholders in affordable housing including investors and owners. As an Analyst, you will have the opportunity to work as part of a cross-functional team to analyze and evaluate affordable housing properties, portfolios, transactions and organizations on behalf of clients. You will evaluate operational issues at the property level, analyze the effects of partnership, financing and tax matters, and research market and industry trends.

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

Responsibilities:

Analyze and evaluate information to support asset and fund management functions
Prepare financial analyses and projections for individual multifamily assets, as well as portfolios composed of numerous assets
Ensure the timely receipt and integrity of asset information collected and stored in MRI's TCAM database
Assist with the creation of reports from MRI TCAM databases
Create, generate and maintain monthly and quarterly reports from asset database for internal and external use
Assist with the preparation of written internal and external reports such as risk assessments
Develop analytical frameworks for modeling and finding solutions for operational, tax and financial problems
Interface with clients, general partners, property managers, accountants and other third parties
Analyze property and fund partnership tax returns and work with asset and portfolio managers to resolve problems that could jeopardize the projected allocation of benefits
Demonstrate proficiency with financial analysis and spreadsheet modeling using Excel

Requirements:

2 years in multifamily real estate or community development, or other related industries.
Proven ability to manage conflict and quickly switch gears
Bachelor’s Degree; coursework in basic principles of accounting
Interest in affordable housing and real estate

Compensation:

TBD

How to Apply:

https://www.mrisoftware.com/jobs/analyst/

or email careers@mrisoftware.com

Advisory Associate TCAM: Tax Credit Asset Management
Boston, MA
Job Function: Other
Posted: May 29, 2019

Background:

TCAM, an MRI Software Company, is a growing, national consultant and third-party asset manager to the capital providers of the affordable housing industry. TCAM’s work environment is fast-paced and rapidly changing. MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.

Position Summary:

TCAM is seeking an Advisory Associate to join our team in Boston! As an Advisory Associate, you will have the opportunity will work as part of the advisory services team to analyze and evaluate assets, portfolios, transactions and organizations on behalf of affordable housing clients.

Responsibilities:

You will develop and maintain strong relationships with clients, understand partnership, financing and tax matters, as well as real estate issues at the operating partnership level, and research market and industry trends.You will have the opportunity to investigate real estate issues at the operating partnership and the fund/investment partnership levels. You will coordinate advisory activities across projects and lead as well as participate in team efforts to complete deliverables for clients.

Requirements:

- Bachelor’s Degree; coursework in basic principles of accounting
- 2+ years of experience in multifamily real estate, commercial real estate lending, or community development
- Strong communication and analytical skills
- Experience with financial analysis and spreadsheet modeling
- MS Excel and Word proficient
- Provide analytical support for Affordable Housing underwriting and transaction modeling
- Assist in benchmarking for clients by researching asset management and property management practices and performance
- Participate in the drafting and presentation of client deliverables
- Establish relationships and communicate regularly with general partners, lenders, government agencies, investors and property managers
- Respond to client requests for information through informal interactions and formal presentations
- Prepare financial analyses and projections for individual multifamily assets, as well as portfolios comprised of numerous assets
- Assist in scoping new engagements, including responding to Requests for Proposals
- Participate in cross-functional teams working on on-going asset management engagements

Compensation:

Competitive, commensurate with role

How to Apply:

For more information, please visit https://www.mrisoftware.com/jobs/advisory-associate/

Director, Membership Mission Investors Exchange
New York, NY
Job Function: Relationship Management
Posted: May 23, 2019

Background:

Mission Investors Exchange (MIE) is the leading impact investing network for foundations dedicated to deploying capital for social and environmental change. With over 200 members, Mission Investors Exchange leverages its expertise and resources to provide foundations with the education, inspiration, and connections to align more assets to mission. Members rely on Mission Investors Exchange and each other for best practices, new investment opportunities, deal partnerships, and innovations in the practice of impact investing around the world.

Position Summary:

The Director of Membership will be a key partner in shaping the strategic direction for membership and our member engagement practices, and be responsible for the day-to-day management of our membership processes. Member engagement is central to MIE’s ability to build our robust and activated network of foundations, other philanthropic asset owners, and their partners. The Director will report to the Managing Director and play an active role on the organization’s leadership team, helping guide MIE’s membership model and overall organizational strategy with a keen eye to members’ needs and experiences throughout all of our programmatic, knowledge and communication, and match-making workstreams.

This is an ideal opportunity for an entrepreneurial and strategic leader with strong experience in member engagement, philanthropy, and knowledge of impact investing to influence the growth and development of a unique and influential community of philanthropic impact investors.

Responsibilities:

The position has 3 main areas of work:

*Member Engagement & Relationship Management
*Refine membership criteria and growth goals in alignment with organizational strategy
*Maintain healthy relationships with potential members who are already in the impact investing field or who are looking to get started. Play an active role in recruitment and growing our network when appropriate.
*Manage relationships with senior-level stakeholders at member organizations in collaboration with other MIE team members
*Improve upon and operationalize existing member segments to best target and match members with appropriate resources, communications and programming
*Find the best and most engaging ways MIE can inspire and ignite our members to carry out our mission of deploying more dollars toward deeper impact
*Identify opportunities to activate MIE’s membership to contribute to the advancement of the broader field
*Represent MIE in meetings with stakeholders and at industry events, in both individual and group settings
*Understand the full extent of MIE’s offerings, and member benefit opportunities and be able to communicate this fluidly to potential and existing members.

Membership Processes
*Drive the annual membership renewal campaign and processes, including developing best practices, planning, communications and streamlining operations in collaboration with team members
*Lead the onboarding of new members, including managing relationships from the prospect stage to new members, including leading orientation calls, connecting members with the various aspects of MIE’s programs, and guiding them through the many opportunities to engage with the larger network
*Manage systems in Salesforce for membership tracking, prospecting, and analysis including building out systems internally for better information and relationship sharing among MIE members and the MIE team

Strategy and Planning
*Lead the development and ongoing refinement of MIE’s membership services and engagement strategy, ensuring responsiveness to the market and alignment with organizational strategy
*Oversee translation of strategy into operational plans that are focused and feasible; set and implement short-term and long-term milestones and goals for membership
*Serve as a member of the leadership team, contributing to the development of overall organizational strategy and its execution

Requirements:

*The ideal candidate will possess the following qualifications:
*10+ years of professional experience
*Passion for addressing social and environmental challenges and an appreciation for the power of investment capital to play a catalytic role in this process
*Exceptional strategic thinking skills and a high level of intellectual curiosity
*Demonstrated experience building and maintaining relationships with a diverse range of stakeholders across different geographies
*Excellent interpersonal skills and an engaging presence, along with diplomacy, tact, and good humor
*Knowledge of investment issues and processes, especially impact investing and related strategies
*Entrepreneurial style, with an enthusiasm for working in a fast-­paced environment
*Experience in the membership services context ideal, but not required
*Experience working with philanthropic partners/ practitioners ideal, but not required
*Ability to travel domestically (up to 30%)
*Bachelor’s degree required; advanced degree in Business, Finance, Public Policy or related field preferred

Compensation:

Salary and benefits will be competitive and commensurate with experience.

How to Apply:

If interested, please submit your CV and cover letter to talent@missioninvestors.org and include “Membership Director” in the subject line.

Loan Administrator Genesis Community Loan Fund
Brunswick, ME
Job Function: Lending/Loan Operations
Posted: May 23, 2019

Background:

The Genesis Fund is a critical link in the development of affordable housing and community facilities in Maine. Our mission is to bring together resources to create housing and other economic and social opportunities for underserved people and communities. The Genesis Fund, a certified Community Development Financial Institution (CDFI), is a statewide nonprofit organization that began in 1992.

The Genesis Fund provides innovative financing by soliciting low-interest loans from individuals, churches, corporations and foundations, and then re-lending the money to nonprofit organizations developing affordable housing and community facilities in underserved neighborhoods and needy communities. If requested, we provide substantial technical assistance to the sponsors of capital projects that will create housing and community development opportunities. For more info: www.genesisfund.org.

Position Summary:

The Genesis Fund is seeking to hire a full-time Loan Administrator. This position will be responsible for supporting the Genesis Fund’s Loan Officer in underwriting, closing and servicing loans. Duties will include managing documents, data and correspondence related to loan applications, underwriting requests, approving and closing loans, disbursing funds, and monitoring the performance of loans and borrowers. An important responsibility will be ensuring the accuracy of loan information within the organization’s data management systems as well as mastering and optimizing the use of those systems to track and report on loan portfolio performance.

The Loan Administrator will report to the Loan Officer. This is a 35 hour per week, non-exempt position, which will be based in Brunswick, Maine.

The ideal candidate will have the required skills and knowledge, but also a demonstrated interest in and commitment to the organization’s mission of serving disadvantaged and low-income communities.

Responsibilities:

The Loan Administrator will be responsible for the following:
• Tracking and organizing documents through all stages of the lending process
• Creating and maintaining electronic and paper files of all loans and supporting documents
• Entering and ensuring accuracy of loan and borrower data in the data management system
• Identifying and implementing opportunities for optimization and enhancements of the data management system
• Overseeing and updating use of loan management software for data related to loan portfolio management and outcome tracking
• Working with software technical support to create custom reports, views, wizards, data entry fields, and other database administration to meet the organizational needs for data management and reporting
• Assisting in preparing materials for staff, loan committee and board review
• Assisting in drafting loan commitments and supporting the drafting of loan documents
• Communicating with borrowers about loan disbursements, loan payments, loan monitoring requirements, loan pay offs and other information needs
• Tracking and reporting on loan payments, entering payment transactions and updating amortization schedules as needed
• Assisting in following up on non-performing loans as necessary
• Assisting in evaluating borrowers and project performance
• Maintaining data for social outcomes and beneficiary analysis for performance management, compliance reporting, and grant writing
• Assisting with aggregated portfolio analysis for internal and external review
• Providing and supporting the provision of high quality customer service to borrowers through all stages of the financing process
• Other duties as assigned

Requirements:

The ideal candidate will have the following qualifications and background:
• Bachelor’s degree in a relevant field such as finance, business, and/or public administration is highly beneficial, or a paralegal certificate with a focus on real estate.
• At least two (2) years of experience with real estate development or loan administration at a financial institution, although other relevant experience and/or education will also be considered.
• A basic understanding of financial structuring for housing and community development projects.
• Outstanding attention to detail.
• Strong interest and skill in database management, with 2-4 years of demonstrated experience working with queries, reports, and custom database administration
• Strong organizational, analytical, logical and problem solving skills
• Experience with loan management or other kinds of data management software and demonstrated ability to learn and master new software applications
• Demonstrated success in building and maintaining individual and organizational relationships, and strong interpersonal and communication skills, both written and verbal.
• Sound time management and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
• Broad, active curiosity with strong interest in ongoing learning about community development finance. Openness to learning new skills and systems.
• Demonstrated self-starter that can work independently and take initiative.
• Great communicator and team player.
• Proficiency with Microsoft Office applications, including Word and Excel.
• Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor.
• Demonstrated commitment to the Genesis Fund’s mission.

Compensation:

The Genesis Fund offers a generous benefits package that includes vacation and sick time, medical/dental/life insurance, short- and long-term disability, flexible spending account, 401(K) retirement savings plan and a paid sabbatical after ten years of full-time continuous service to the organization. Salary range: $47,000-$52,000, depending on experience. The Genesis Fund is an equal opportunity employer.

How to Apply:

How to Apply: Please submit a resume and cover letter by email to info@genesisfund.org.
Deadline: Priority review will be given to applications received by June 9, 2019.

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