Background:
LISC is a national nonprofit intermediary that provides financial and technical assistance to community-based organizations, public agencies and private nonprofit and for-profit entities focused on the redevelopment of urban neighborhoods and rural communities. The organization works through 31 local offices in urban sites and a national rural program which operates in 44 states. LISC assists its local partners with the development of affordable multifamily and senior and other supportive rental housing, for-sale housing and homeownership initiatives, commercial, retail and economic infrastructure developments, community facilities and various community-building programs such as employment, child care, health care and open space. Please see www.lisc.org for additional information about LISC and its national and local programs.
A core function of LISC is its operation as a loan fund. LISC provides various loan products to a wide array of project types. All loans are subject to oversight by LISC’s Lending Department. In 2017, LISC approved $301 million of new loan commitments, and the outstanding loan portfolio at year-end was $350 million. LISC is looking to grow its lending volume in the years ahead.
Position Summary:
LISC is seeking candidates for the position of Housing Underwriter in the organization’s Lending Department. The Housing Underwriter will provide technical assistance, and in some instances direct underwriting support, to local Program Officers in the field and serve as primary underwriter for a set of national and regional borrowers that operate in multiple LISC markets. The Housing Underwriter will have deep knowledge of public and private resources available to leverage LISC’s investment and will provide support to strategically deploy LISC’s full array of financing products, including loan products, lines of credit, and tax credit equity, working alongside LISC affiliate National Equity Fund, Inc. (NEF). The Housing Underwriter will report to the Vice President, Business Development or Chief Credit Officer.
Responsibilities:
- Screen, structure and underwrite financing requests, including analyzing operating performance, historical and projected financial performance, management capacity, organizational structure, and project feasibility for affordable housing projects.
- Provide support to local LISC staff on project-specific analysis, deal structuring assistance and underwriting for affordable multifamily rental housing transactions and single family for-sale and rental transactions.
- Collaborate with internal and external parties (banks, co-lenders, attorneys, etc.) to structure financings including managing intercreditor negotiations; reviewing real estate contracts, leases and due diligence; and identifying and negotiating key risk mitigants including reserves, guarantees and other forms of credit enhancement.
- Present loan recommendations to LISC’s Credit Committee and the Board of Directors, as necessary, and manage the closing process with in-house and external counsel.
- Provide technical assistance to internal LISC staff on project planning, development models and financing options.
- Coordinate internal and external relationships that are critical to growth of the housing lending portfolio including relationships with LISC Housing and LISC Policy staff and other national and local staff, originators of Low Income Housing Tax Credit transactions via LISC affiliate NEF, financial institutions and other program partners.
- Work with LISC management and LISC Housing to develop strategic collaborations with public sector agencies at the local, state, and federal levels that leverage LISC’s capabilities and national platform.
Requirements:
- Bachelor’s degree in business, finance, real estate or related fields. Master’s degree preferred.
- At least 7 years of demonstrated experience with housing and community development and/or multifamily real estate development is preferred, including project financing, market analysis, deal structuring, and financial analysis.
- Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
- Deep knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity.
- Strong understanding of and experience with community development financial models, including but not limited to low income housing tax credit investments, new markets mixed use tax credit investments, tax-exempt bonds and federal, state and city subsidy programs, including HUD programs.
- Strong verbal and written communication skills.
- Highly detail-oriented.
- Demonstrated interest in LISC’s community development mission.
Compensation:
LISC provides a competitive salary and excellent fringe benefits for this position. Flexibility on geographic location.
How to Apply:
The position is available immediately.
To apply, please email a cover letter and resume to:
Malini Nayar
Vice President, Business Development
Local Initiatives Support Corporation
501 Seventh Avenue, 7th Floor
New York, NY 10018
Email: mnayar@lisc.org
LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION
Background:
Mission Investors Exchange (MIE) is the leading impact investing network for foundations dedicated to deploying capital for special and environmental change. With 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. Learn more about Mission Investors Exchange members and our work at www.missioninvestors.org.
Position Summary:
The Associate, Programs (Impact Investing) will support the Vice President, Programs in the development and implementation of MIE’s signature National Conference, Mission Investing Institutes, Executive Exchanges, and virtual program offerings, ensuring that MIE develops and delivers best-in-class programming that leverages the innovation, experience, and talent within and beyond its vibrant network.
A successful Associate, Programs will work closely with the VP, Programs, our core team, and our diverse membership base of philanthropic leaders and affiliates to:
- leverage a strong financial or impact investing background, interest in adult learning, and passion for social change to help accelerate impact investing in philanthropy;
- design and deliver high-impact impact investing education program opportunities for our members and the field at large;
- gather feedback to continuously improve MIE’s offerings; and
- create exceptional Member experiences drawing on strong project management skills
Responsibilities:
Key responsibilities include, but are not limited to:
- Content creation such as session design and speaker selection for all impact investing in-person and virtual learning programs including: National Conference, Mission Investing Institutes, Executive Exchanges, and webinars
- project management support for learning programs including but not limited to: speaker invitation and preparation, events management, and on-the-ground support, where applicable
- support in developing and maintaining program budget(s) to build and ensure the sustainability of the business model for program offerings
- support in development and maintenance of yearly program calendar
- support in establishing and tracking key performance indicators, and adapting programs based on performance against them, to increase the learning, efficiency and impact across programs
- gathering qualitative and quantitative feedback on program offerings on an ongoing basis, adapt and improve offerings based on feedback
- registration management through online platforms, including use of Salesforce for attendee communications and tracking
- key program host, grant and sponsor relationship management
- support for ensuring high quality attendee experience
Requirements:
PREFERRED QUALIFICATIONS:
- A minimum of three to five years of professional experience. Finance, impact investing or consulting experience preferred.
- Passion for addressing social and environmental challenges and an appreciation for the power of investment capital to play a catalytic role in this process
- Excellent strategic thinking skills, with a high level of intellectual curiosity
- Pro-active, self-starter with an entrepreneurial mindset who is a creative problem-solver
- Exceptional organizational and project management skills with an overall execution orientation; track record of effectively managing complex, multi-stakeholder projects
- Strong verbal and written communication skills, with the ability to represent MIE to our stakeholders
- Calm under pressure; ability to communicate, problem solve, and act decisively during times of change and/or under pressure
- Customer/ member-focused mindset
- Learning orientation; interest in seeking feedback and new information consistently to strengthen own performance and that of team
- Experience with Salesforce, or other CRM
- Bachelor’s degree required; MBA (CFA, CFP, or CAIA) or other master’s degree preferred.
Compensation:
Salary and benefits will be competitive and commensurate with experience.
How to Apply:
talent@missioninvestors.org Mission Investors Exchange is an equal opportunity employer and welcomes candidates from diverse backgrounds.
Background:
Accion, based in San Diego and serving the Southern CA geography, is a non-profit Community Development Financial Institution (“CDFI”) organization that creates economic opportunity for start-up and existing entrepreneurs who lack access to traditional credit. The organization’s mission is to increase income and job stability for primarily low-to-moderate income self-employed entrepreneurs by providing loans ranging from $300 to $75,000, as well as business support services. Please visit www.us.accion.org/region/southern-california for more information.
Position Summary:
The Chief Credit Officer (“CCO”) position serves on the Accion leadership team and reports to the CEO. The CCO is responsible for effectively growing and managing the organization’s active loan portfolio of ~$7MM in a quality manner. Duties include maintaining bank and community relationships, structuring and managing new lending initiatives, supervision of the lending and servicing teams, as well as managing overall loan portfolio quality through sound underwriting and management of the collections and credit loss mitigation/recovery areas.
Responsibilities:
- Interface with Board of Directors Credit Committee regarding lending methodology, policy, production and portfolio quality
- Participate as key leadership team member in preparing information and structure for strategic organizational growth plans and goals, including annual budget preparation
- Supervise the lending, portfolio servicing and collections staff (currently a team of 7)
- Manage loan underwriting, approval and disbursement staff/process for mission fulfillment and risk mitigation
- Manage Director of Loan Portfolio Quality and Compliance staff/process, including oversight of:
- Credit Bureau reporting and related items
- Collections negotiations and compliance
- Asset disposition and legal team communications
- Public/Private Sector loan loss reserve programs and compliance
- Manage and administer new loan products and strategic mission-aligned initiatives
- Ensure compliance with State/Federal licenses related to lending function
- Assist CEO/CFO with programmatic goals and loan fund-related reporting
- Participate in Accion community outreach efforts in tandem with Chief Strategy Officer
Requirements:
- Bachelors degree required, Masters desired
- Seasoned lending and credit analysis experience required
- Management/supervision experience required
- Collections experience required
- Excellent oral and written communication skills required
- Financial and quantitative skills required, including computer literacy
- Strong organizational and time management skills
- High level of initiative and motivation
- Ability to work independently and manage multiple tasks simultaneously
- Team player and passion for assisting small businesses
- Bilingual (English/Spanish) preferred
Compensation:
Exempt, salaried position with benefits package.
How to Apply:
Please send cover letter and resume to Elizabeth Schott, CEO via email at eschott@accionsandiego.org
Background:
Boston Community Capital, a national nonprofit community development financial institution.
Position Summary:
Boston Community Capital, a national nonprofit community development financial institution, seeks a Chief Strategy and Implementation Officer (CSIO) to play a critical role in expanding the organization’s reach and impact over the next two decades. The new CSIO will serve as a catalyst, connector and implementer who translates the organization’s ambitious and innovative agenda for the future into concrete action steps and effective on-the ground programs. The individual will build on BCC’s impressive track record of providing affordable housing, good jobs, and new opportunities in low-income communities.
Founded in 1985 with $3,500 in start-up funds, BCC has grown from a single, locally-based, community loan fund to a multi-tiered organization that serves as a national model of a think-and-do tank for community investment. Its service lines and programs include a national tax credit program, a nationally-acclaimed foreclosure relief program, a mortgage lender, a real estate acquisition entity, two double bottom-line venture funds, and an alternative energy initiative focused on stabilizing utility costs in multi-family affordable housing developments. With $1.1 billion of assets under management, BCC is a self-sustaining business with 2017 revenues exceeding $38 million and a staff of 45.
Reporting to the Chief Executive Officer (CEO) and working closely with others on the C-Suite team, the new CSIO will craft and execute plans for new initiatives and for the growth and improvement of existing programs. To achieve these goals, the CSIO will manage teams working throughout the organization.
BCC seeks candidates who have a commitment to improving the lives of low-income populations and communities. The successful candidate must have outstanding execution capabilities and be comfortable working in a values-driven organization operating at the intersection of downtown business expertise and community needs. The individual will have substantial experience in a senior management role developing and implementing new business and growth strategies in a nimble, entrepreneurial and complex environment. In addition, they should be familiar and comfortable with the complex interplay of policy, law and commerce in solving social and economic issues.
Responsibilities:
Please see position summary.
Requirements:
Please see position summary.
Compensation:
TBD
How to Apply:
Acceptance of inquiries, nominations, and applications will begin immediately and continue until the completion of the search process. Applicants are encouraged to transmit a detailed letter of interest and resume to www.imsearch.com/6610
Daniel Rodas, Vice President
Donna Cramer, Managing Associate
Isaacson, Miller
Boston Community Capital is an Equal Opportunity provider
Background:
Self-Help is a leading national community development financial institution headquartered in Durham, NC. Since 1980, Self-Help has provided over $7 billion in financing to 146,000 families, individuals and businesses. It helps drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. The Self-Help family of nonprofit organizations includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending. Through its credit union network, Self-Help serves over 145,000 people in North Carolina, California, Chicago and Florida.
Position Summary:
The Senior Real Estate Development Manager is responsible for the execution of real estate development projects, including the management of all aspects of the real estate development process from conception through completion. The Senior Real Estate Development Manager balances big picture vision/strategic thinking with day-to-day project management in close collaboration with Self-Help colleagues and third-party partners and vendors. Projects may include commercial (e.g., office, retail, hotel, multi-family) and residential (e.g., single-family homeownership) real estate development.
For this specific Senior Real Estate Development Manager position, these functions will be carried out full-time at Revolution Mill in Greensboro, NC, until such time that the development activities there and at associated properties have been completed. The Senior Real Estate Development Manager will guide the on-site project team in the overall strategic visioning of the 50+-acre Revolution Mill campus; complete Phase 1 (finishing construction and initial lease-up of completed spaces); and develop and execute development of subsequent phases (Mill House and the Olympic Mill property and associated structures) with other Self-Help staff. The position will be responsible for overall financial performance of the asset, including drafting, executing and monitoring performance projections, financial modeling, budgeting, and reporting.
Upon completion of the above phased work, this position will work with the Real Estate Team Leader to reevaluate the ongoing development staff needs of Revolution Mill and explore other development opportunities beyond the campus.
Responsibilities:
- Guide and coordinate the overall strategic vision for the Revolution Mill campus.
- Work with team members and external partners to identify and evaluate development opportunities.
- Establish relationships with potential project partners, tenants, and the broader community.
- Assess project feasibility and risk and refine project vision and plans as needed.
- Coordinate neighborhood planning and market analyses. Conduct other project feasibility tasks as needed.
- Coordinate due diligence activities to test and implement potential development projects
- Prepare and update detailed proformas typically using NMTC, HTC and/or other forms of subsidy.
- Structure financing including sources, negotiating terms, and closing. Prepare investment memos to the SHVF Real Estate Investment Committee as needed for internal financing.
- Obtain appropriate and necessary entitlements and manage/perform other predevelopment tasks as needed.
- Ensure that the development planning and results accurately reflects the strategic vision.
- Maintain project development budget and track actual expenses. Ensure project remains within budget; properly addresses needed variances in advance.
- Maintain project schedule and track progress against plan.
- Work in a collaborative, facilitative process with other Self-Help staff members as part of a project team to identify, discuss, and determine optimal development strategies.
- Work with the Real Estate Associate - Development and Leasing to identify how to move projects forward together collaboratively as the on-site development team.
- Work closely with construction management staff to ensure design development documents and development budget meet project needs.
- Work closely with leasing team to lease the property to achieve vision/mission and financial goals of the project.
- Maintain communication with external partners to keep them apprised of the progress.
- Manage partnership agreements, legal, cost certification and other compliance aspects of the development project.
- Facilitate project transition from development team to operations team once development project is completed.
- Prepare and maintain financial performance reports that integrate operations revenue and expenses into financing projections.
- Develop management reports for Real Estate Team Leader and Self-Help Senior Management on financial performance of asset on regular basis
- Communicate regularly with tax credit investors. Submit tax credit equity draws to investors.
- Lead on-site team, including third party contractors, to create and maintain a positive team culture and encourage connections back to Durham Real Estate Team.
- Supervise, direct, develop, and evaluate staff and interns.
- Actively participate in Real Estate Team activities, specifically as a member of the Project Management Group within the Real Estate Team.
Requirements:
- Master’s degree in business administration, city or urban planning, architecture, public policy, or other related field OR equivalent relevant experience
- Minimum of five years of real estate development, project management or finance experience.
- Specific experience and/or knowledge of the financing of commercial real estate development required.
- Experience in review of contracts, grant agreements, legal documents or other demonstrations of legal reasoning.
- Knowledge of the economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data in order to prepare and analyze financial statements, operating projections, budgets and cash flows.
- Willingness and comfort working in community settings with diverse groups.
- Strong financial and analytical ability, as demonstrated by past experience and capacity to learn.
- Strong written skills, including proficiency in email and formal memorandum writing.
- Excellent verbal communication and interpersonal skills, with the ability to work with a wide range of individuals and teams in diverse settings.
- Ability to effectively hire, develop and motivate staff.
- Solid organizational skills and ability to manage and balance multiple tasks.
- Proactive thinking with detail-oriented and creative-problem solving approach.
- Ability to effectively plan, prioritize, and follow-through on work.
- Team-based mindset and willingness to support broad team goals and initiatives.
- Ability to form and maintain strong relationships with internal and external customers.
- Ability to juggle multiple projects and work independently to meet goals and objectives.
- Proficiency with Microsoft Word, Excel, and other productivity tools.
- Experience with and/or knowledge of New Markets Tax Credits and Historic Tax Credits.
- Ability to work from the Revolution Mill office on average at least three (3) days per week.
- Occasional evening and weekend work will be expected to attend meetings (e.g., city government or community meetings) and attend special events.
- Additional travel may occasionally be required, plus occasional evenings and weekends.
Compensation:
Competitive nonprofit salary, based on experience, plus a generous benefits package.
How to Apply:
Please visit our website at https://www.self-help.org/careers/job-openings/1829-senior-real-estate-development-manager-durham for more information on how to apply.
Background:
The Mountain Association for Community Economic Development (MACED) is a 42-year-old multi-strategy economic development organization that seeks to transition Eastern Kentucky’s economy into a just and sustainable post-coal future. We work with people and places in Central Appalachia and Kentucky to build a strong and diverse economy, increased family well-being, healthy and protected land, air and water, and an effective and accountable democracy.
MACED is a fast-paced, dynamic and growing organization with a 31-person staff that manages over $30 million in total assets. MACED seeks to make meaningful progress towards a Just Appalachian Transition through the following core strategies:
- investing capital in local enterprises and communities
- demonstrating local-sector development ideas
- engaging in research, communications and advocacy for policy and narrative change
- building entrepreneurial and leadership capacity.
Position Summary:
MACED’s enterprise development program includes a robust commercial lending portfolio, a technical assistance program featuring both one-on-one and classroom based programming, and comprehensive community-based development strategies. We are seeking an Enterprise Development Director to be responsible for the development and effective implementation of these efforts, as well as integrating our enterprise development strategies within MACED’s overall organizational mission, focusing on a just Appalachian Transition.
Responsibilities:
Position Description
- Program management and development
- Ensure that the enterprise development program is aligned with MACED’s overall mission, vision and goals, including integration with other MACED programs, related sector strategies, and support functions.
- Guide the enterprise development team in sharpening MACED’s overarching enterprise development strategies, approaches to our work and how we communicate them to others.
- Coordinate with the Vice President for Finance and Operations to oversee MACED’s loan portfolio, monitor its overall health and take action as needed to improve operations of lending and technical assistance activities.
- Work with program staff and Vice President for Finance and Operations to identify areas of need and opportunity within our region, and develop innovative new strategies to serve those needs through research, discussion and grounded learning.
- Communicate about enterprise development strategies and results, both within the organization and outside the organization. Empower and work with staff to communicate about the impact of our work and share our stories.
- Review and evaluate MACED’s enterprise development work.
- Lead annual program budgeting and work planning process with the enterprise development team, and monitor actual results.
- Identify and assess potential new sources of grant funding and earned revenue, working with MACED’s Development Director to assist in the development of written proposals and reports as needed.
- Work with Vice President for Finance and Operations to assess risk management aspects of enterprise development work, develop and implement mitigation strategies as needed.
Relationship development
- Supervise enterprise development staff, currently including six full-time employees working in three MACED offices. MACED’s supervision focuses on empowerment with accountability, including supportive coaching, problem-solving, and other forms of direction and assistance.
- Participate in, and in some cases lead, relevant networks of community economic development and sustainable development practitioners across the state, region and country.
- Work with MACED’s Board of Directors and Loan Committee as needed.
- Represent MACED at conferences, events and functions when needed.
General
- Practice safety in all aspects of the job.
- Other duties as assigned.
Requirements:
Minimum Qualifications and Characteristics
- Minimum of 5 years of experience working in community economic development.
- Experience with commercial lending and capital-based programs.
- Minimum of a four-year college degree in business, economics, community development, management, or a related field.
- Minimum of five years of supervision experience. Ability to skillfully and respectfully supervise the work of others.
- Experience leading teams, especially teams located in multiple places.
- Experience in project design, planning and management, including budget responsibility.
- Experience leveraging technology and data to drive results.
- Experience developing program strategy to align with organizational mission and goals.
- Strong written and interpersonal communication skills.
- Committed to innovative action, sustainable development, and economic, environmental, and social justice.
- Highly self-motivated.
- Well-organized, attentive to detail, creative, able to work on multiple projects at once while setting clear priorities.
- Close vision with or without corrective lenses necessary for computer work; manual dexterity needed to operate computer.
- Able to perform assigned duties in a time-efficient manner.
- Valid driver’s license and ability to drive. Any employment offer is contingent upon applicant’s insurability on MACED’s group vehicle insurance policy.
Preferred Qualifications and Characteristics
- Significant knowledge of and appreciation for the Appalachian region.
- Experience living and/or working in rural places, especially Appalachia.
- Master’s or similar advanced degree in a related field.
- Entrepreneurial experience.
- Experience in accounting, spreadsheet development, and financial analysis.
- Experience with program evaluation.
- Experience as a group facilitator.
- Understanding of marketing.
Compensation:
Additional Information
This full-time position offers a competitive salary based on experience, with a generous benefits package. The position is based in Berea, Kentucky. Berea is a beautiful, small college town, less than an hour south of Lexington, on the edge of the Appalachian region. MACED is an equal opportunity employer.
How to Apply:
Please e-mail your cover letter, resume, contact information for three references to ed.hiring@maced.org. Applications will be reviewed immediately and will be considered until the position is filled. For more information about MACED, visit www.maced.org. Please no drop-ins.
Background:
Want to make a difference? Fahe is on a mission to eliminate persistent poverty in Appalachia. Our unique collaborative model connects a Network of local, regional, and national leaders, all working together to uplift our nation’s rural places. Since our inception in 1980, the Fahe Network has served more than 450,000 people, made $703.5 million in direct investments, and achieved a total cumulative financial impact of over a billion dollars in Appalachia.
Position Summary:
This entry-level position has two primary responsibilities – first to coordinate the workflow of Fahe’s Strategic Communication Team which is responsible for Communication, Development, Marketing both digital and traditional, Advertising, Public Relations, Research, Evaluation, and Graphic Design. Secondly, this position will be create and maintain project-based schedules, fielding work requests from the company at large. In addition, the position will have the opportunity to learn more and participate in a number of special interest areas related to the fields described above.
The ideal candidate will
- Be an eager learner who enjoys new challenges
- Demonstrate superb organization skills
- Exhibit strong interpersonal communication skills and the capacity to work constructively and teams
- Have the ability to write in a clear, error-free manner.
Responsibilities:
- Serves as initial point of contact for company-wide requests
- Manages workflow, tracks deadlines, and coordinates departmental priorities
- Creates and manages processes for updating materials
- Assists with administrative tasks as needed to include: scheduling, travel logistics, taking notes, preparing reports
- Demonstrates superb communication skills, including Customer Service, assuring effective internal communication, developing professional relationships with stakeholders, and writing clearly for multiple audiences.
Requirements:
Requirements for this position include:
- Excellent customer service approach with ability to multi-task;
- Ability to work independently and collaboratively;
- Articulate; Self-motivated
- Strong organizational skills with strict attention to detail;
- Excellent written and verbal communication skills;
- Demonstrate a professional demeanor;
- Ability to retain and adapt within a consistently changing environment;
- Knowledge and proficiency working with MS Office applications; and
- Passion for Fahe’s mission.
Preferred Education and Experience:
- Bachelor’s Degree in Communication, Marketing, or a related field, previous experience a plus but not necessary
Compensation:
TBD
How to Apply:
Fahe is an Equal Opportunity Employer seeking applicants who can bring diverse viewpoints, experience, talents, and culture to promote our organization’s mission of eliminating persistent poverty in Appalachia. We offer a diverse work environment with competitive salaries and excellent benefits. Visit www.fahe.org to learn more about Fahe.
Qualified candidates may submit a resume and cover letter to hr@fahe.org or mail to Fahe/ATTN: Human Resources; 319 Oak Street; Berea, KY 40403.
Background:
Neighborhood Trust is one of the nation’s leading providers of financial empowerment services and products. Our mission is to empower low-income individuals to become productive participants in the U.S. financial system and achieve their financial goals.
For 20 years, Neighborhood Trust has been responding to growing financial inequality, which particularly affects low-income families, by partnering with them to achieve their goals and change their future. Since our inception, Neighborhood Trust has helped over 40,000 clients and we’ve been named one of NYC’s most innovative nonprofits.
Neighborhood Trust’s team has expanded to include more than 50 talented and passionate individuals. Come work with our dynamic, positive and creative team and join us in promoting financial empowerment for all. We are an Equal Opportunity Employer and provide a comprehensive benefits package to all full-time employees.
Position Summary:
Neighborhood Trust Financial Partners (NTFP) seeks a goal-driven, mission-aligned Financial Counselor to deliver our full package of financial empowerment services to low- and moderate- income individuals. These services include individualized financial counseling, personal finance courses, and ongoing support to clients as they pursue financial health and build wealth.
ABOUT NEIGHBORHOOD TRUST
Neighborhood Trust’s mission is to empower low-income individuals to become productive participants in the U.S. financial system and achieve their financial goals. Neighborhood Trust serves nearly 9,000 clients each year via its elite corps of specially trained Financial Counselors and is an industry leader in the financial inclusion field. We are cultivating our model as a scalable social venture that incubates technology-led financial services innovations for low-wage workers. We are growing quickly with strong support from leading foundations and strategic partners, helping us achieve national scale. Neighborhood Trust has received awards and recognition as a leading innovative nonprofit seeking to alleviate poverty and as a developer of financial solutions.
POSITION DETAILS
Financial Counselors assess clients through one-on-one financial counseling and then develop and implement a personalized action plan to help clients improve their financial situation and pursue their goals. In addition to individualized financial counseling, Financial Counselors may also deliver personal finance courses for groups. Financial Counselors require excellent judgement and must exercise professional discretion to accurately assess each client’s unique situation and effectively develop personalized plans of action. These plans include concrete recommendations around debt reduction, credit improvement, money management, optimal use of financial services, asset-building and the pursuit of short- and long-term goals.
The services offered by Financial Counselors are scheduled to meet the needs of our clients. As such, schedules include evenings, early mornings and weekends and are often delivered at community-based organizations, financial institutions and employer partner locations. Financial Counselors work with a high degree of independence, embedded within partner organizations for significant amounts of their assigned work time, often serving as the sole on-site representative for NTFP. Financial Counselors must successfully complete Neighborhood Trust’s Financial Empowerment Training – 160 hours of full-time instruction on technical elements of personal finance.
Responsibilities:
Principal Responsibilities
- As part of an innovative and dynamic organization, the position is actively evolving and responsibilities change as services are refined and new partnerships are developed. The following are responsibilities assigned to Financial Counselors depending on details of work assignment.
- Work directly with clients to provide high-quality financial counseling and education via individualized counseling model and personal finance course, including the creation of personalized Financial Action Plans
- Provide ongoing support and actively engage program participants to promote financial health
- Communicate with clients via telephone, SMS, email and interactive web platform to follow up on progress towards achieving financial goals
- Participate in cross-training and cross-referrals with host sites
- Document services and gather session data for program reporting and evaluation
- Achieve program goals for client impact and service outputs, working with referral partners and taking initiative with client outreach and engagement
- Deliver persuasive presentations on our services to potential clients or referral partners
- Promote our services and recruit new clients at site-sponsored information sessions or other similar opportunities
- Participate in regular team meetings and continued skill-building training sessions
- Research financial products, consumer rights, and additional resources on an ongoing basis and as needed specifically for cases
- Represent NTFP in media inquiries, at events within field, and in communication with peer organizations
Requirements:
Required Qualifications
- Bachelor’s degree or equivalent
- Experience required in specialized counseling training for providing financial empowerment services to low and moderate-income individuals. o Applicants without prior training but who have professional (or relevant) knowledge about personal finance (money management, savings, financial products/services or consumer rights) may be considered for the position but must complete NTFP’s 160 hour Financial Empowerment Training course upon hire and successfully pass all exams in order to serve in position.
Required Skills and Attributes
- Self-motivated - ability to work independently and meet deadlines without supervision
- Excellent communication and interpersonal skills; counseling and teaching/facilitation skills preferred, especially with adults or in non-traditional settings
- Knowledge-based and training-based professional judgement and discretion to adapt services as needed
- Strong attention to detail
- Critical thinking
- Ability to take ownership of continued learning and personal finance research
- Effectively receive and implement supervisory feedback
- Must effectively communicate in English and Spanish
Compensation:
Competitive salary and benefits package offered
How to Apply:
To apply please send resume and cover letter to hr@neighborhoodtrust.org with the subject line “Financial Counselor”
Background:
The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that promotes access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.
In 2007, NCRC established a subsidiary community development financial institution (CDFI), the National Community Reinvestment Coalition Community Development Fund, Inc. (NCRC CDF). NCRC CDF has been certified by U.S. Treasury as a Community Development Financial Institution (CDFI) since 2012.
NCRC is seeking a new Executive Director to lead NCRC CDF starting in mid-2018. In addition to management of the CDFI, the Executive Director will guide CDF’s expanding financing strategy.
Since its creation, NCRC CDF delivered loan capital to minority- and woman-owned businesses in the DC Metropolitan Statistical Area. In 2014, NCRC CDF began expanding its reach in the field of economic and community development, with a principal focus on NCRC’s GROWTH Initiative. GROWTH (Generating Real Opportunities for Work through Housing), is NCRC’s signature community development initiative. GROWTH purchases and renovates (or builds) single family homes with the goal of providing low- and moderate-income families pathways to homeownership and stabilizing property values in low- and moderate-income communities. GROWTH does this while linking workforce training and homebuyer counseling to people and neighborhoods we serve. NCRC CDF plays a critical role in the success of this effort, working with major investors and channeling capital. The investment fund now approaches $100 million.
Position Summary:
The Executive Director of NCRC CDF will be the Fund’s entrepreneurial leader, primary fundraiser, and manager. The Executive Director will report to NCRC CDF’s Board of Directors and to the Chief Community Development Officer (CCDO) of NCRC. S/he will be responsible for developing and refining broad strategy and annual work plans, setting priorities for initial lending activities, and supervising the Fund’s staff that the Board Chair and the CCDO approve.
The Executive Director will be the public face of NCRC CDF at trainings, forums, press and media events, and conferences of peer organizations within the community development finance world. At the same time, as the leader of an entrepreneurial and growing organization, functions and duties that eventually may be executed by additional personnel will be handled by the Executive Director.
Responsibilities:
1. Product Development
- Develop, under the direction of the Chief of Community Development, a business plan that attracts funds to the CDFI – debt, equity, EQ2 and grants – to be utilized in NCRC’s Housing Rehab Fund and future funds.
- Continue to build small business loan portfolio based on current loan products: microloans and small business loans to emerging low-income entrepreneurs in the DC MSA.
- Develop and manage new program soon-to-be-launched, which will provide loans to businesses owned by returning citizens (ex-offenders) in the DC area.
- Create programming to ensure that NCRC CDF provides directly or through partnerships development services, e.g, that small business borrowers receive appropriate technical assistance from NCRC CDF and/or partners, including DC Women’s Business Center and Small Business Division
- Collaborate with the NCRC Women’s Business Center and Small Business Division to develop a pipeline of potential clients for lending.
- Assess and recommend strategy for making mortgage products available to purchasers of properties through NCRC’s GROWTH Initiative or to NCRC members with competent CDFIs, including:
- Coordinate the development of the Lease Backed Assumable Mortgage with industry partners.
- Originate single family mortgage product.
- Underwrite borrowers and assets financed.
- Manage related regulator and compliance issues.
- Coordinate funding and liquidity options with Federal Home Loan Bank, HUD, and other agencies.
- Coordinate participating bank partners for additional liquidity and funding capacity.
2. Underwriting and Loan process management
- Underwrite applications for both the small business products and housing development/pre-development lending.
- Present loan packages to the loan committee for review and action.
- Monitor loan performance and implement corrective procedures for problem loans.
- Ensure that loan policy and procedures are followed and updated as needed through board approval.
3. Fundraising & Capitalization
- Develop strong relationships with current investors and cultivate relationships with potential investors to secure the capital resources and the operating support necessary to meet NCRC CDF’s goals.
- Establish and maintain relationships with key staff at federal agencies that support affordable housing and redevelopment and micro lending and CDFIs, including the CDFI Fund at the U.S. Department of the Treasury, the Federal Housing Administration, and the PRIME program at the Small Business Administration.
- Identify and pursue grant funding opportunities on a regular basis.
- Communicate with investors, grant funders, and NCRC CDF’s Board about the financial and operational health of the Fund.
- Assume primary responsibility for acquiring sufficient financial capital in appropriate forms and operating support, as needed, to ensure smooth operations and steady growth of NCRC CDF.
4. Compliance and Reporting
- Ensure compliance with all conditions/covenants in loan agreements, equity equivalent agreements, and other grant agreements.
- Ensure compliance with all CDFI Fund/US Treasury requirements and complete requisite reports through AMIS, both with respect to certification and any federal grants received.
- Ensure compliance with all Board and NCRC organizational requirements, policies, and practices.
5. Manage office and staff
- Determine staffing needs of the NCRC CDF and create an efficient and effective staffing plan
- Recruit, hire, and supervise a well-qualified and capable staff.• Ensure that customer service, loan production, portfolio and fiscal management, and reporting systems are high-quality and efficient.
- Maintain a solid understanding of the different programmatic components that comprise NCRC CDF.
- Develop collaborative relationship with NCRC’s investment manager and others working with that firm to enable seamless investment strategy that supports NCRC’s GROWTH Initiative.
Requirements:
QUALIFICATIONS:
- Graduate degree in business, real estate development or other related field. Additional professional experience may substitute for an advanced degree;
- At least 5 years of executive-level management experience, including experience with risk management for a lending institution, experience working with government programs that assist small business lending and micro lending, and extensive experience with business financing;
- Demonstrated broad knowledge of and contacts within the banking and/or the community development finance field related to housing and mortgage finance and systems that oversee the investment of NCRC’s CDF directly or indirectly with joint venture partners at the national and local levels;
- Familiarity with and experience working with the CDFI Fund at the U.S. Department of the Treasury.
- Proven track record of raising private, public and foundation capital and operating support;
- Outstanding oral and written communication skills;
- Strong strategic planning and financial analytical skills;
- Widely recognized leadership and personnel management skills;
- Reputation for creativity and innovation in achieving goals;
- Interest in working with diverse communities and organizations;
- A collaborative personal style that works in partnership with others both internally and externally;
- Clear commitment to the success of minority and women entrepreneurs.
Compensation:
Commensurate with experience.
How to Apply:
Please apply through NCRC's website https://ncrc.applicantpro.com/jobs/812600
Background:
A nonprofit leader in the high-impact fields of community development and microfinance, Accion is dedicated to helping entrepreneurs realize their dreams and fuel increased economic opportunity and mobility through business ownership. Since 1994, Accion has infused more than $123 million in the growth and success of more than 8,000 small businesses across Arizona, Colorado, Nevada, New Mexico, and Texas.
Accion is a member of the Accion U.S. Network, the largest and only nationwide nonprofit micro- and small business lending network in the United States. Since 1991, the members of the Accion U.S. Network have collectively made more than 57,000 loans totaling over $500 million. Globally, Accion is a pioneer in microfinance, reaching millions of individuals through its international network of partners. Learn more at www.us.accion.org.
Position Summary:
We are looking for an experienced underwriter to join our underwriting team either at our Albuquerque headquarters or at one of our regional offices in Dallas, Denver, Las Vegas, Phoenix, or Tucson. Accion prides itself on coming up with unique solutions to challenging loans requests and thinking outside the box to support our clients while maintaining a strong culture of repayment. We make loans that make sense outside of the traditional accepted profile to meet the needs of entrepreneurs in our community.
Responsibilities:
- Reviews and completes underwriting and credit analysis of loan applications for $50,000 and up
- Assists loan officers with comments or questions about applications and the likelihood of approval
- Evaluates the risk of the loan requests
- Works with lending staff to ensure that applicants qualify per Accion loan policy
- Works with staff and management team to improve lending system efficiency and increase program scale.
Requirements:
- Underwriters must have a passion for Accion’s mission and a strong commitment to Accion’s culture of exceptional customer service, excellence and accountability
- Strong analytical skills and clear writing and communication skills
- A bachelor’s degree in finance, accounting, or business administration
- Three to five years relevant experience in a lending a preferred.
Compensation:
Accion offers an excellent total compensation package, including competitive base salary, the opportunity for exciting incentive pay, health and dental coverage, retirement benefits, and generous paid time off.
How to Apply:
Please visit https://grnh.se/43ecc2c82 to apply.
