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  • Make an impact and join the opportunity finance field.

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

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

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

Financial Management Specialist Rural Community Assistance Corporation
West Sacramento, CA
Job Function: Other
Posted: August 1, 2019

Background:

Organization
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 work to make our vision of vibrant, healthy and enduring rural communities a reality across the West.

Housing Department
The housing department provides technical support to local organizations working in a variety of housing programs. The Development Solutions program works with organizations that develop and manage multifamily rental housing. The Homeownership Solutions program supports a network of approximately 50 self-help housing agencies, and the housing counseling program is a HUD intermediary for 20 groups.

Position Summary:

The Rural Development Specialist (RDS) trains nonprofit organizations and local and tribal government agencies to strengthen accounting systems, more effectively manage resources and better understand the cost of services and products.

Responsibilities:

Specific job goals, objectives and tasks are established for each employee as part of the annual evaluation and work plan processes. Duties and responsibilities include but are not limited to:
• Conduct financial management system assessments
• Provide training and technical assistance in specific fields of expertise (e.g., nonprofit and small government accounting, financial management systems, fund accounting, uniform guidance and accounting software packages, etc.)
• Plan, prepare and deliver group and one-on-one adult trainings and workshops at various conferences, institutes, clinics or client agencies.
• Manage small contracts
• Prepare written reports and document activities
• Participate in and lead project teams

Requirements:

Skills and Qualifications
• Strong accounting knowledge; non-profit and financial management, accounting principles, procedures and policies, internal controls, job cost allocation, and fund accounting
• Knowledge of organizational management ‘best practices’
• Knowledge of regulations and laws related to financial management
• Principles and techniques of effective training
• Group facilitation and meeting management skills
• Knowledge of QuickBooks is highly desired

Physical Job 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 persons 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.

Preferred Experience and Education:
A combination of experience and education is required to qualify for the position.
A typical qualifying combination would be:

Experience:
Five years of applicable experience in nonprofit or small government accounting or other closely-related field (education may substitute for experience).
Education:
Bachelor's degree in Business Administration Finance or Accounting (additional qualifying experience may be substituted).

Special Requirements:
Possession of a valid driver’s license and proof of insurance that meets the minimum requirements of RCAC corporate liability policy may be required when traveling for business purposes.

Office or personal residence must be within one hour’s drive of a major airport.

Compensation:

Starting yearly salary: $65,628 to $73,356

How to Apply:

Please visit our website at www.rcac.org/careers to apply online and view the full job description.

Credit Analyst CDC Small Business Finance
San Diego, Irvine, CA
Job Function: Credit
Posted: August 1, 2019

Background:

CDC Small Business Finance is a leading U.S. small business lender and award-winning nonprofit. Over the last four decades, CDC has provided more than $13 billion in loans to 11,000 entrepreneurs...and counting.

Unlike a traditional lender, we have the flexibility to offer affordable loans to a broader range of small business owners seeking financing for building purchases, major equipment and working capital, among other purposes.

As a non-profit organization, our mission is to support those who face the greatest obstacles in securing capital: women, minority and veteran-owned businesses. Our business loans have also played a critical role in bolstering economic development, helping create or preserve more than 180,000 jobs in California, Arizona and Nevada.

Position Summary:

The Credit Analyst will provide financial analysis of loan applicants, assess risk, and recommend approval or declination. Work in conjunction with Loan Officers, Loan Processors, and Closing Analysts to produce approved and funded loan packages. Through accurate and consistent underwriting analysis, and by sharing credit knowledge with loan officers, promote quality loan production and maintain our integrity as an SBA certified lender.

Responsibilities:

Provide general support to Loan Officers’ and Loan Processors by answering client and lender questions related to financial analysis as needed.
Review financial documentation for acceptability. Reconcile debt schedules and aging reports with balance sheets.
Create comparative spreadsheets using data from tax returns and financial statements. Modify spread to reflect the proposed project, mortgages, and future operations.
Determine if repayment ability is demonstrated.
Determine if financial position can support the proposed debt.
Analyze spreadsheet for identification of positive and/or negative financial trends, transactions, or events that would have bearing on the future operations and financial health of the applicant company as relates to the proposed loan.
Communicate results of the preliminary financial review and analysis based on the spreadsheet to the Loan Officer; point out any possible problems and assist the Loan officer in resolving them.
Prepare written credit memoranda including a financial narrative for submittal to SBA.
Make recommendation to internal loan reviewers and Board Loan Review Committee members for approval or declination of loan request.
Review current financial information on approved loans prior to debenture funding to identify or rule out adverse financial change.
Review current financial information on approved loans when total project and/or financing increases.

Requirements:

Minimum of 1 year of experience in commercial loan underwriting.
Proficiency with MS Office applications.
Ability to prioritize, multi-task, and remain organized.
Strong written and verbal communication skills.

Education
Bachelor’s degree in finance or accounting or equivalent experience in financial analysis for commercial lending.

Compensation:

$75,000 annually

How to Apply:

Please apply to https://recruiting.paylocity.com/recruiting/jobs/Apply/154984/CDC-Small-...

Loan Officer National Housing Trust
Washington, DC
Job Function: Lending/Loan Operations
Posted: August 1, 2019

Background:

The National Housing Trust (NHT) is a strong national nonprofit engaged in affordable housing advocacy, lending, real estate development and energy solutions. Our mission is to preserve and improve affordable multifamily homes to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive.

NHT is an award-winning nonprofit with a focused agenda. The ideal applicant thrives in a fast-paced environment, working with dedicated and entrepreneurial colleagues. NHT has a staff approximately 30 across its four business lines – public policy, lending (NHT Community Development Fund and Institute for Community Economics), real estate development (NHT Communities) and energy solutions (NHT Renewable)

Position Summary:

The National Housing Trust is seeking an experienced Loan Officer as we grow our two CDFI loan funds: The National Housing Trust Community Development Fund and the Institute for Community Economics.

The Loan Officer is primarily responsible for overseeing the analysis and underwriting processes of loans and building new lending relationships. The Loan Officer will also work with the Director of Lending to raise lending capital from mission-oriented investors.

NHT offers a full array of loan products in the Washington metropolitan region to support the production and preservation of affordable housing where we work and live. It is expected the Loan Officer’s primary focus will be on deployment in the DC, MD and VA region as we deploy several sources of targeted capital including a recent Capital Magnet Fund award.

The Loan officer will also support our national work as we offer affordable housing loan products for predevelopment and bridge financing needs, community land trust acquisitions, energy efficiency and renewable energy and other opportunities where mission focused owners and developers could not achieve their goals without our creative, flexible and patient capital.

Responsibilities:

In accordance with the Loan Policies and Procedures the Loan Officer will evaluate the credit worthiness and capabilities of the borrower /guarantor and/or the real estate collateral securing the proposed loan. Analysis will include, but not be limited to, performing financial analyses, third party review assessments, site visits, and evaluating feasibility and likelihood of repayment sources. The Loan Officer will also work on the closing and the asset management of loans in cooperation with the Loan Fund Administrator and the Director of Lending. Finally, this position will help to increase the visibility of NHT’s CDFI Loan Funds through marketing, business development and product development, and will be expected to build new lending relationships and work with the Director of Lending to raise lending capital from mission-oriented investors.

Loan Underwriting & Originations
• Produce financial analysis of both for- and non-profit sponsors and/or borrowers.
• Conduct thorough due diligence, review and evaluate various aspects of loan underwriting such as appraisal reviews, construction cost reviews, property condition reports, environmental reports, and site inspections.
• Oversee the loan closing process by reviewing loan documents and/or due diligence items required to close loans.

Marketing and Fundraising
• Respond to requests for information from current and prospective institutional investors
• Work on capital funding applications from Public and Private sources
• Build relationships with potential borrowers and funders (some travel will be required)

Requirements:

An undergraduate degree in business, finance, real estate, urban planning or related field is required. A graduate degree is preferred.
• A minimum of 5 years of work experience in real estate-based or business lending, including credit analysis, and at least 3 years of experience working in Affordable Housing Finance. Experience working at a CDFI is strongly preferred.
• Proficiency in analyzing financials of nonprofit and for-profit organizations and real estate operations.
• Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
• Knowledge of the closing process and loan documents utilized in real estate transactions.
• Familiarity with federal, state, and local government funding sources for capital and operating needs of affordable housing.
• Experience working with both private sector financial institutions and public agencies.
• Excellent written and verbal communication skills are required.
• Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
• Excellent skills in managing multiple tasks requiring strong attention to detail.
• Ability to work effectively in a team environment.
• Ability to travel.

Compensation:

Salary and benefits are commensurate with experience; Salary Range $80K-$100K

How to Apply:

Send resume and cover letter by email to hr@nhtinc.org. Keep cover letters short and specific to job description. Please write "Loan Officer" in the subject line. No phone calls or faxes.

NHT is an equal opportunity employer

Chief Program Officer, Executive Vice President HOPE Credit Union Enterprise Corporation
Jackson, MI
Job Function: Lending/Loan Operations
Posted: July 31, 2019

Background:

For 25 years, HOPE has helped marginalized residents across the Deep South climb the economic ladder by advancing financial inclusion, building assets, and by changing systems that disenfranchise families. HOPE is a family of organizations comprised of:

• a cooperative financial institution predominantly owned by people of color and women that drives capital into banking desert by converting every $1 of equity into $8 of insured deposits for community development financing, and that brings thousands of people from the economy’s edge into the financial mainstream (Hope Credit Union),

• a nonprofit intermediary that aggregates and braids public and private resources to fuel innovative, impactful solutions that foster jobs, education, access to healthy food, healthcare and affordable housing and other mobility drivers in high poverty places (Hope Enterprise Corporation), and

• an advocacy arm that shapes policies and practices to narrow opportunity chasms forged by decades of underinvestment – using data and analysis mined from our member-owners, communities, and internal subject matter experts; and that mobilizes Deep South residents and stakeholders around shared priorities (Hope Policy Institute). Together, these entities mitigate the extent to which factors such as race, gender, ethnicity, birthplace, and wealth obstruct the trajectory of one’s life. For over a quarter century, HOPE has positively impacted the lives of more than one million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, channeling more than $2.5 billion in financing into a range of community shaping, life-changing activities.

Position Summary:

The Chief Program Officer (CPO) will play a central role in advancing this work by guiding the direction, growth and soundness of HOPE’s Commercial Lending (CL) and Community & Economic Development (CED) activities. HOPE’s Commercial Lending team separates itself from other lenders by employing strategies that make capital affordable and accessible to underserved borrowers in a prudent and impactful manner. These include manual underwriting, flexible rates and terms, through the extensive use of credit enhancement programs, and leveraging financing from a range of bank, public and philanthropic resources. Further, HOPE often complements its financing with partnerships and strategies that provide technical assistance that strengthens the capacity of borrowers. Working in tandem with the Commercial Lending department, the Community & Economic Development team amplifies HOPE’s impact by identifying and structuring financing opportunities in key areas/sectors that bolsters economic mobility in vulnerable communities, such as affordable housing, healthcare, education, healthy food, and community facilities. The CED team manages HOPE’s New Markets Tax Credit program, Charter School Facilities Fund, Mid South Healthy Food Initiative, Low-income Housing Tax Credit program, Opportunity Zone Funds, and other high-impact activities. The CED team also leads HOPE’s Small Towns Partnership, collaborating with local leaders, residents and other key stakeholders to plan and implement strategies that increase economic mobility in economically distressed towns and neighborhoods.

Responsibilities:

Primary and Essential Functions

• Provide leadership, coaching, and management to senior leaders responsible for HOPE’s Commercial Lending and Community & Economic Development activities.

• Oversee the operational and portfolio performance of the Commercial Lending and Community & Economic Development areas, and make recommendations for overall effectiveness and continuous improvement.

• Foster collaboration with the Investor Relations team with regard to funding proposals and compliance with funder/investor requirements; with the Policy team on related advocacy; and with other areas as required.

• Reinforce an organizational culture that values open communication, innovation, employee engagement and other traits that contribute to collaboration and high performance.

Requirements:

Competencies/Skills

• Experience in the design and management of development finance programs;

• Ability to problem solve and think critically; high level of emotional intelligence

• Demonstrated success managing projects that involve multiple parties and people with diverse backgrounds and positions

• Strong writing skills

• Skilled in Microsoft Word and Excel Desired Qualifications

• Advanced degree in related field.

• Ten years of relevant experience, with a demonstrated track record of progressive leadership.

Compensation:

Commensurate with experience.

How to Apply:

https://recruiting2.ultipro.com/HOP1001HOPEE/JobBoard/34735991-1228-4a4b...

Chief Operating Officer Detroit Rehabilitation Initiatives
West Palm Beach, FL
Job Function: Business Development
Posted: July 29, 2019

Background:

DRI is an impact investment manager that is also certified by the U.S. Department of Treasury as a Community Development Financial Institution (“CDFI”). DRI was created with a goal of developing investment opportunities that create attractive risk-adjusted returns and have a positive social impact.

Position Summary:

The Chief Operating Officer (COO) will play a key role in the expansion of our Community Development Financial Institution (CDFI). This professional should have significant business development and mortgage banking experience, with a track-record of working with CDFIs. The ideal candidate is a highly-motivated professional with knowledge of the resources available to CDFIs, who can guide our business expansion strategies, capital solutions, community development activities and operational growth while supporting our overall mission.

Responsibilities:

Capital Solutions

This person will collaborate with our capital raising team to build on our current business development efforts. They will identify, vet and develop scalable CDFI capital solutions, innovative programs, partnerships, financial instruments, and grant opportunities that align with our mission. This person should be able to easy navigate the industry make connections that drive growth.

Business Expansion

This person will work with the Senior Management Team to help design and implement business expansion strategies that scale mortgage origination and acquisition efforts, mortgage banking platforms and plan for future growth. This person will also advise on talent recruitment and organizational development.

Community Development

This person will work with the leadership team to expand our community development reach through partnerships and other methods of deploying capital within our mission to expand our asset base. This person will advise on investment/partnership structures with mission driven institutions.

Operations

This person will be the key driver in the operational, compliance and financial performance of the CDFI and the improvement of it’s operational performance. This person will be a liason for the CDFI and advise on matters of accountability, structure and compliance in regards to the organization's goals and strategies.

Requirements:

Desired Qualifications, Skills and Experience

Minimum 15 years of relevant experience
Experience in mortgage banking and or other lending or real estate investment strategies
Experience designing and implementing CDFI expansion strategies
Experience with business development and capital solutions
Experience working with the Federal Home Loan Banks (FHLB) and CDFI Fund
Strong communicator and relationship builder and analytical lender
Bachelor’s degree required, Master’s degree in a related-field preferred
Proven track record of success within a similar organization with references

Compensation:

Commensurate with experience.

How to Apply:

Please send an email with your resume to skirsch@drifund.com.

Program Analyst, Impact Investing The California Endowment
Los Angeles, Fresno, Oakland, Sacramento or San Diego, CA
Job Function: Other
Posted: July 29, 2019

Background:

The California Endowment, a private, statewide health foundation, was established in 1996 to expand access to affordable, quality health care for underserved individuals and communities, and to promote fundamental improvements in the health status of all Californians. Headquartered in downtown Los Angeles, The Endowment has regional offices in Sacramento, Oakland, Fresno and San Diego, with program staff working throughout the state. The Endowment challenges the conventional wisdom that medical settings and individual choices are solely responsible for people's health. The Endowment believes that health happens in neighborhoods, schools, and with prevention. For more information, visit The Endowment’s Web site at www.calendow.org

Position Summary:

The California Endowment (TCE), established in 1996, is a $3.5B private, statewide health foundation with a mission to expand access to affordable, quality health care for underserved individuals and communities, and to promote fundamental improvements in the health status of all Californians.

In its efforts to change systems affecting the health of low-income populations across California, TCE recognizes that mission impact is maximized when combining it’s grant-making strategy with mission investing. As such, over the last decade, TCE has made a commitment to utilizing impact investments to complement its grant-making and catalyze opportunity and health equity for all Californians. Impact investments include Program-Related Investments (PRI) and Mission Related Investments (MRI). TCE defines PRIs as flexible, often below market-rate investments structured to generate significant social impact. TCE defines MRIs as investments that are aligned with TCE’s mission and values broadly and generate market level rates of return.

The California Endowment is looking to expand and grow its impact investing activity and is looking to complement its growing team with a Program Analyst that can support its impact investing activities. The Program Analyst will have significant responsibilities on this growing and entrepreneurial team. Key responsibilities will include supporting the infrastructure for Impacting Investing at TCE and deepening our commitments to racial equity and greater impact for the communities we serve. This position offers significant exposure into the field of impact investing.

This is an exciting and ideal position for an entrepreneurial individual that wants to build an impact investing career. This position will report to the Director, Impact Investing.

Responsibilities:

• Help develop impact measurement framework and manage ongoing impact theses and measurement which includes data collection, analysis, and extraction of critical insights
• Responsible for production and coordination required for internal and external communications regarding the impact investing program which includes a regular social impact report, management
of the internal and external website presence, setting up internal brown bags, etc.
• Coordinates internal and related external evaluation efforts
• Conducts research on relevant and emerging policy, funding streams and aligned programs on behalf of the team; conducts research in support of the MRI investments
• Serves as the lead for integrating impact investing within TCE’s back office information technology and software
• Involved in evaluating and ongoing monitoring of transactions (dependent on prior experience and expertise)
• Prepares of board reports and other documents for the team, as needed

Requirements:

• Must be a self-starter – able to work independently and effectively as part of a team
• Strong project management and organization skills; experience effectively managing multiple projects across different internal and external constituents to drive results
• Experience gathering and assessing qualitative and quantitative data for insight
• Excellent written communication skills
• Must love attention to detail
• Familiarity with impact investing/community development/finance preferred
• Occasional travel required
• Minimum 4 years work experience

Minimum Education:

• Undergraduate degree required.

Compensation:

Competitive salary commensurate with experience.

How to Apply:

Please submit your resume and a cover letter to HRresumes@calendow.org and reference “Program Analyst, Impact Investing” in the subject line. Your cover letter should describe your interest in The California Endowment and how your prior experience can help us advance our impact investing practice.

Impact Investing Associate The California Endowment
Los Angeles, Fresno, Oakland, Sacramento or San Diego, CA
Job Function: Other
Posted: July 29, 2019

Background:

The California Endowment, a private, statewide health foundation, was established in 1996 to expand access to affordable, quality health care for underserved individuals and communities, and to promote fundamental improvements in the health status of all Californians. Headquartered in downtown Los Angeles, The Endowment has regional offices in Sacramento, Oakland, Fresno and San Diego, with program staff working throughout the state. The Endowment challenges the conventional wisdom that medical settings and individual choices are solely responsible for people's health. The Endowment believes that health happens in neighborhoods, schools, and with prevention. For more information, visit The Endowment’s Web site at www.calendow.org

Position Summary:

The California Endowment (TCE), established in 1996, is a $3.5B private, statewide health foundation with a mission to expand access to affordable, quality health care for underserved individuals and communities, and to promote fundamental improvements in the health status of all Californians.

In its efforts to change systems affecting the health of low-income populations across California, TCE recognizes that mission impact is maximized when combining it’s grant-making strategy with mission investing. As such, over the last decade, TCE has made a commitment to utilizing impact investments to complement its grant-making and catalyze opportunity and health equity for all Californians. Impact investments include Program-Related Investments (PRI) and Mission Related Investments (MRI). TCE defines PRIs as flexible, often below market-rate investments structured to generate significant social impact. TCE defines MRIs as investments that are aligned with TCE’s mission and values broadly and generate market level rates of return.

The California Endowment is looking to expand and grow its impact investing activity and is looking to complement its growing team with an associate that can support its impact investing activities. The associate will have three key responsibilities: 1) identifying, evaluating and monitoring mission related investments; 2) supporting program-related investments; and 3) identifying new types of investments products in the field.

This is an exciting opportunity to join an entrepreneurial impact investing team with ambitious growth plans. In addition, this position offers the unique opportunity of being able to align and braid various impact investing tools together (MRIs, PRIs, grants) to drive change for low-income communities across California.

The ideal candidate is a deeply mission committed individual with top tier investment expertise that wants to grow help build and grow a significant impact investing portfolio. The position will report to the Director, Impact Investing.

Responsibilities:

• Researching MRIs that are aligned with TCE’s mission and values
• Performing investment due diligence (financial analysis, modeling, industry market research, etc.) as well as closing and monitoring of investments
• Developing MRI impact measurement framework which includes racial equity and impact for the communities TCE serves
• Identifying emerging impact investing trends and innovations in the field and developing TCE approach to new investment products and trends
• Supporting mission related investments strategy development
• Contributing to program-related investments through performing due diligence and portfolio management activities
• Partnering with internal program staff and external organizations to implement the impact investing strategy and develop the pipeline
• Represents TCE and impact investing in the broader impact investing field. Communicating results through board materials including financial and social performance reporting and exposure analysis

Requirements:

• Experienced in both originating and evaluating investments, with an emphasis on private equity and venture capital investments
• Familiarity with impact investing and community development
• Ability to collaborate effectively across diverse departments and organizations to drive business results; demonstrated multi-sector capacity
• Above average written and oral communication skills; effective in formal and informal presentation settings with diverse constituents
• Results and detail oriented; demonstrated ability to establish and achieve goals with rigor and insight
• Strong business acumen in working with diverse constituencies
• Ability to travel and work independently as a team partner

Minimum Education:
• Undergraduate Business degree or related degree (Finance, Urban Planning, Business Administration, etc.)
• Four to five years of experience in private equity, real estate, venture capital and/or a related field.

Compensation:

Competitive salary commensurate with experience.

How to Apply:

Please submit your resume and a cover letter to HRresumes@calendow.org. and reference “Impact Investing Associate” in the subject line. Your cover letter should describe your interest in The California Endowment and your experience in impact investing.

Program Officer, Lending & Affordable Housing Local Initiatives Support Corporation
Cincinnati , OH
Job Function: Underwriting
Posted: July 25, 2019

Background:

THE ORGANIZATION:
What We Do
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.

Strategies We Pursue
Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
Develop leadership and the capacity of partners to advance our work together.
Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.
Over the last 40 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. These investments have leveraged more than $50 billion in development activity and helped families and communities raise their standards of living. LISC investments impact the lives of nearly 7 million Americans.
Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 32 markets with offices extending from Buffalo to San Francisco. Our rural programs make an impact in 44 states, and are supported by LISC’s talented and dedicated workforce. Visit us at www.lisc.org

To learn more about LISC Greater Cincinnati go to http://www.lisc.org/greater-cincinnati/

Position Summary:

LISC is seeking qualified candidates to fill the position of Program Officer. This position will support LISC’s housing lending and program initiatives and will report to LISC Greater Cincinnati’s Deputy Director. The Program Officer will work in concert with LISC National Lending and Legal department staff. The position will handle the full range of lending activities, including structuring, underwriting, and closing of loans.

Responsibilities:

Primary responsibilities will include the following:
• Analyze, understand and explain complex community development ecosystems.
• Build and maintain relationships with and among partners in the community development and affordable housing sector.
• Assist in the development and implementation of a county-wide housing strategy and associated priorities.
• Originate local lending pipeline focused on affordable housing development and preservation.
• Serve as underwriter for affordable housing lending activity, including working with borrowers to structure the transaction, conducting due diligence and financial analyses, and drafting credit memoranda.
• Provide technical assistance support to partners to position their organizations to successfully implement housing development activity.
• Perform other related duties as needed.

Requirements:

• Bachelor’s degree from an accredited college or university required; post-graduate degree is a plus. Economics, finance, real estate, urban planning backgrounds preferred.
• 3-5 years of experience in real estate lending, finance, community development or related field.
• Experience in underwriting, including ability to analyze financial statements, project development budgets, and project operating pro formas.
• Knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity.
• Excellent interpersonal skills and ability to work effectively across the LISC network of local and national programs and affiliates.
• Capacity to work simultaneously on multiple tasks and projects, set priorities for a challenging workload, and be a positive, solutions oriented professional.
• Strong written and oral communication skills and excellent attention to detail.

Compensation:

LISC offers an excellent compensation package. Position is located in Cincinnati, Ohio.

How to Apply:

To apply, please email a cover letter and resume to:
Kristen Baker
Deputy Director
LISC Greater Cincinnati
gcnk@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Senior Lending & Business Development Officer River City Capital Investment Corp.
Memphis, TN
Job Function: Lending/Loan Operations
Posted: July 23, 2019

Background:

River City Capital Investment Corp. is a CDFI located in Memphis, TN. It is an affiliate of the funding intermediary, Community LIFT. River City Capital's mission is to increase economic development in underserved neighborhoods by attracting and leveraging investment capital for community revitalization. RCC strategically provides loans to small business in select Memphis neighborhoods, as well as providing loans to Community Development Corporations and charter schools across Memphis.

Position Summary:

The Senior Lending & Business Development Officer will manage the River City Capital Redevelopment Loan Fund. In addition, the Senior Lending Officer will work with the LIFT Team and board members of River City Capital to achieve the organization’s economic development goals and mission. This person will lead lending activities, the creation of loan products, and provide business growth support to clients.

Responsibilities:

50% Support the growth of River City Capital’s Loan Fund
• Build a pipeline of RCC borrowers via direct or indirect customer contact, including:
• Seeking out, cultivating and meeting with potential borrowers and associations to get leads for new borrowers.
• Perform analyses of businesses’ financial health for accessing RCC’s loan products.
• Facilitate site visits of prospective companies/businesses.
• Build working relationships with existing companies, including:
• On average, visit ten existing companies per month to identify opportunities for RCC to help the companies expand or remain competitive.
• Assess the assets and opportunities of individual companies through periodic surveys, interviews, and visitations.
• Establish early warning systems to flag at-risk businesses that require assistance.
25% Manage the River City Capital Loan Fund
• Perform data evaluation on information retrieved from loan applications
• Conduct risk assessments on potential clients based on previous borrowing history, credit rating, industry experience and other factors
• Research project costs for remodeling and renovating properties listed on loan applications
• Prepare reports detailing risk assessment findings and other data that contribute to lending decisions
• Schedule and compile documentation for loan review.
• Coordinate loan closing, initiate loan disbursements and conduct periodic audits of loan files and identify procedural modification.
• Customer service – borrower calls, inquiries, requests for payoff amounts.
• Prepare portfolio reports – delinquencies, concentrations, investor analyses.
• Request financial statements and other documents specified in the loan agreements and follow up with borrowers to ensure receipt; review financials and other documents with president as appropriate.
• Follow up with delinquent borrowers when nonperformance may require workouts, term adjustments, foreclosure.
• For loans – prepare status reports work as needed with attorney.
25% Conduct Business Growth Support
• Perform analysis of existing clients businesses to evaluate growth opportunities.
• Provide technical assistance and business counseling.
• Link businesses with public programs to support effective growth or other technical assistance.
• Serve as a guide on incentive application processes.

Requirements:

Desired Competencies:
• Proven ability to underwrite loans and analyze deal risk
• Proven ability to develop business leads and structure workable deals
• Proven ability to advise businesses for revenue growth
• Proficiency with Microsoft Word, PowerPoint, and Excel is required
• Excellent verbal and written communication skills, including ability to adapt communication styles to the audience, inspire confidence and represent Community LIFT and River City Capital

Desired Abilities: LIFT is seeking highly motivated individuals with a passion for helping businesses grow, creating quality jobs and serving people in distressed communities.
• Must be a self-starter; exceptional organizational skills required; ability to meet designated deadlines is also a critical qualification.
• Ability to prioritize duties and work independently while remaining flexible to changing assignments.
• Must be able to maintain the highest level of confidentiality; ability to handle sensitive material concerning the company and River City Capital borrowers.
• Ability to develop leads and identify feasible options for structuring successful financial deals.
• Ability to meet with clients and neighborhood contacts in the evenings and weekends.

Education and/or Experience:
• Bachelor’s Degree and 8+ years lending or economic development experience required
• Demonstrated experience in loan documentation, preparation and review
• Experience in lending required; experience in lending to financial and/or non-profit institutions will be an advantage
• Ability to understand financial statements in order to perform credit and financial analysis is required
• Ability to understand loan documentation is required
• Demonstrated experience in relationship building and community engagement
• Experience in nonprofit or small office environment a plus.

Experience in banking business product sales and/or economic development is a plus. The strongest candidates will have existing relationships with financial and educational institutions, business incubators and local, regional and state economic development agencies.

Compensation:

Salary Range $70,000 to $85,000 yearly.

How to Apply:

Interested individuals should submit a letter of interest, three references and resume to Ms. Amelia Crowley, Operations Manager, Community L.I.F.T., Corp., 119 Court Avenue, Suite 100, Memphis, TN 38103. Deadline to apply is August 16, 2019. Please, reference the position in the subject line of your email. NO PHONE CALLS. Only those applicants that will be considered for the next step in the hiring process will be contacted.

Manager, Finance CAHEC
Raleigh, NC
Job Function: Financial Services
Posted: July 23, 2019

Background:

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Manager, Finance position. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that fosters healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises 700 assets in eleven states. CAHEC Capital promotes sustainable housing opportunities by providing flexible and affordable loan products to affordable housing developments financed by CAHEC.

Position Summary:

The Manager, Finance oversees the day to day operations of CAHEC’s accounting and cash management functions supportive of a professional corporate culture and work environment that reinforces the mission, goals, and objectives of CAHEC. The position is responsible for maximizing the return on financial assets by establishing financial policies, procedures, internal controls, and reporting systems. The position ensures legal and regulatory compliance for all financial reporting functions. The position utilizes advanced knowledge in accounting principles and practices in order to prepare consolidated financial statements and projections, and oversee cash management, and risk management for the department. The position directly supervises the Finance & HR Specialist and Treasury Specialist positions.

Responsibilities:

• Manage the day to day operations of the Finance division which includes direct supervision of assigned department staff.
• Prepare corporate budgets and review monthly financial statements in order to assist with forecasting.
• Proactively develop, implement, and maintain accounting policies and procedures in accordance with Generally Accepted Accounting Principles (GAAP), industry trends, and best practices.
• Oversee all accounting functions of CAHEC and its affiliated entities which includes general ledger, accounts payable, accounts receivable, notes receivable, and fixed assets.
• Manage all financial transactions related to CAHEC loan programs which includes disbursements, interest and payoff calculations, and managing lines of credit.
• Serve as the team lead and manage on-going working relationship with independent auditors which includes oversight of the annual audit process, and preparation of consolidated financial statements and tax returns.
• Oversee all cash management functions of CAHEC and its affiliated entities.
• Make recommendations for maximizing investments in accordance with CAHEC’s Investment Policy Statement.
• Maintain relationships with financial advisors to maintain CAHEC financial investments per CAHEC’s Investment Policy Statement.

Requirements:

Education Requirement
• Bachelor’s degree in business, accounting, or finance; or an equivalent combination of education and comparable work experience.

Work Experience
• Minimum eight (8) years progressively responsible work experience in GAAP accounting.
• Minimum three (3) years progressively responsible work experience supervising and coaching direct reports.

Knowledge, Skills, and Abilities
• Proven ability to apply comprehensive knowledge of GAAP accounting and financing process and procedures while maintaining confidential information.
• Manage multiple, concurrent priorities such as performing cash management functions while maintaining productive working relationships and meeting department goals, objectives, and timetables.
• Demonstrate excellent interpersonal and communication skills (verbal and written), particularly for obtaining, organizing and accurately conveying information pertaining to fund and portfolio performance, and other tax credit matters to internal and external stakeholders.

Work Environment
• This position is based out of CAHEC’s corporate office in Raleigh, NC. Certain objectives require working on-site at various locations, such as industry conferences and events at properties in CAHEC’s investment portfolio, and some professional training opportunities may require travel.

Compensation:

CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package.

How to Apply:

For more information and how to apply, please visit www.cahec.com.

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