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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. To edit or remove a posting please contact info@ofn.org.

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

Accounting manager Rural Community Assistance Corporation (RCAC)
West Sacramento, CA
Job Function: Accounting
Posted: August 30, 2017

Background:

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

Position Summary:

The Finance, Grants & Contracts (FGC) department is responsible for the financial operations of the corporation including accounting, budgeting, contract management, facilities management and procurement functions. The accounting manager will focus primarily on management and detailed review of work in the areas of accounts receivable, accounts payable and facilities & procurement.

Responsibilities:

As RCAC's accounting manager, you will be responsible for, but not limited to:

  • Overseeing daily work production of the AP, AR and FP teams
  • Assisting with review and analysis of RCAC, borrower, subcontractor and sub-grantee financial statements and tax and information returns
  • Oversee the maintenance, repair and renovation of the corporate facility; manage building expenses; manage and maintain tenant relations; manage leases for out-of-state offices and offsite archive facility
  • Strategic planning

Requirements:

Experience:

  • 3 – 5  years of supervision experience
  • 3 – 5  years of applicable experience in  accounting including  comprehensive nonprofit organization accounting
  • 3 – 5 years of applicable experience in financial analysis.  Analysis experience of nonprofit organizations and small businesses is preferred
  • 3 – 5 years financial and project database systems experience
  • Government grants and contracts experience

Education/Professional Qualifications:

  • Bachelor’s Degree in Business Management or Accounting
  • CPA certification OR some public accounting experience OR passing of CPA exam required

Compensation:

Starting monthly salary range: $6,250 - $7,083; medical, dental and vision insurance, paid holidays, PTO, 403(b) retirement plan

How to Apply:

Learn more about this position and apply at www.rcac.org/careers

Assistant Loan Production & Credit Manager Rural Community Assistance Corporation (RCAC)
West Sacramento, CA
Job Function: Lending/Loan Operations
Posted: August 30, 2017

Background:

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

 

Position Summary:

RCAC is a certified Community Development Financial Institution (CDFI) and offers loans to develop affordable housing, environmental infrastructure and community facilities in rural communities. 

The Assistant Loan Production and Credit Manager (Credit Officer) supports RCAC’s Loan Fund Department in its mission to act as an intermediary to provide suitable and innovative solutions to the financing needs of rural communities and disadvantaged populations and will assist with the loan production and underwriting process for RCAC.

Responsibilities:

Major responsibilities include, but are not limited to: assisting the credit manager with all aspects of loan underwriting and loan program oversight, including, program development, risk analysis, credit review, loan policy conformity, loan committee and board of director presentations and interface, outreach, training, and participation as a team member. This position will also entail underwriting of various types of loans on an as-assigned basis. The position will work under the direct supervision of the credit manager and will be assigned various credit manager responsibilities upon adequate training and demonstrated ability. 

Requirements:

Education:

  • Bachelor’s degree required

Experience:

  • Five (5) years minimum of applicable experience in the community development financial field. Must have successfully underwritten multiple loans of one or more of the loan programs that RCAC administers (a minimum of three redacted Credit Memos [various types of loans, if possible] will need to be provided).     

Compensation:

Starting monthly salary range: $7,083 - $8,333; medical, dental and vision insurance, paid holidays, PTO, 403(b) retirement plan

How to Apply:

Learn more about this position and apply at www.rcac.org/careers

Executive Director Community Business Partnership
Springfield, VA
Job Function: Other
Posted: August 30, 2017

Background:

George Mason University and Community Business Partnership (CBP) are seeking an Executive Director for CBP. George Mason University has a strong institutional commitment to the achievement of excellence and diversity among its faculty and staff, and strongly encourages candidates to apply who will enrich Mason’s academic and culturally inclusive environment. 

About the Community Business Partnership:

Created in 1995, Community Business Partnership (CBP) is a nonprofit, 501©(3) tax-exempt organization whose mission is to foster economic development through the start-up and growth of small businesses. CBP is a program of George Mason University operating within the Mason Enterprise Center organization that reports to the Office of Entrepreneurship and Innovation.

In 1995, Fairfax County, George Mason University, Fairfax County Small Business Commission, Northern Virginia Community College and Northern Virginia Urban League joined efforts to establish a small business assistance and microfinance organization targeting low/moderate income individuals, women, minorities and veterans primarily in Northern Virginia. CBP is governed by a Board of Directors and George Mason University which employs CBP staff.

CBP serves potential and existing small business owners primarily located in Northern Virginia with a focus on socially and economically disadvantaged individuals including minorities, women and veterans. The organization provides education, technical assistance, business incubation services, access to capital and networking opportunities to a wide range of business types including life style businesses, government contractors, professional services, consultants, and retailers. CBP empowers clients by providing access to resources so they can fulfill their dreams, provide for their financial security as well as that of their families, and contribute to the economic growth of their communities. The organization also helps strategic partners meet business development and regulatory objectives aimed at providing economic growth and stability for the region.

Over the past decade, CBP has grown to include five distinct programs: Business Finance Center; Business Incubation Center; Small Business Development Center; Women’s Business Center; Veteran Business Outreach Center; and, in September 2016 was designated a Community Development Financial Institution (CDFI). The CDFI designation will require significant organizational restructuring and capital infusion over the next few years to meet the U.S. Treasury stringent requirements.

CBP is funded by Fairfax County, U.S. Small Business Administration, U.S. Department of Treasury and corporate sponsors.

Position Summary:

The Executive Director of CBP is responsible to ensure strategic direction, financial stability, and operational efficiency for the organization. This position is governed by the Board of Directors and George Mason University, and reports to the Managing Director of the Mason Enterprise Center. 

Responsibilities:

  • Work with Board of Directors on strategy development and governance;
  • Provide strategic direction to ensure the organization continually works toward its mission, maintains financial stability, and provides quality and relevant services to its clients;
  • Research and implement a restructuring plan for CBP to best take advantage of the new CDFI designation (restructuring may include the establishment of a separate entity for the CDFI);
  • Ensure fiscal management that adheres to generally accepted accounting principles;
  • Operate within the approved budget, ensure maximum resource utilization, and maintain a positive financial position;
  • Lead fundraising efforts and develop other resources necessary to support CBP’s mission;
  • Serve as the interface between the organization, George Mason University, local elected officials, and other key funders and community stakeholders;
  • Ensure compliance with all grants, contracts, MOUs and cooperative agreements;
  • Provide oversight for day-to-day operations for all CBP programs and staff; and
  • Represent CBP, Mason Enterprise Center and George Mason University in the community.

 

Requirements:

  • Master’s degree and substantial related experience (at least 10 years is preferred);
  • Nonprofit management or leadership experience in a nonprofit organization;
  • Community economic development experience;
  • Familiarity with CDFI industry and markets;
  • Excellent written and verbal communication skills;
  • Public speaking skills;
  • Proposal development and grant writing experience;
  • Strong financial skills (e.g., budgeting and financial analysis);
  • Business consulting experience;
  • Must have demonstrated experience leading and managing a nonprofit community-based organization;
  • Proven leadership—including the ability to make real time decisions, manage professional and administrative staff, marketing and negotiating skills, fundraising and financial management, and the ability to work collaboratively with diverse partner groups; and
  • Experience providing business advice to developing companies.

Evening and weekend hours may be required. Occasional travel for statewide and national conferences and meetings will be required.

Compensation:

$110,000-$120,000

How to Apply:

For full consideration, applicants must apply by September 25, 2017for position number FA52Cz at http://jobs.gmu.edu/; complete and submit the online application; and upload a cover letter, resume, and a list of three professional references with contact information.

Senior Associate, Loan Administration RSF Social Finance
San Francisco, CA
Job Function: Financial Services
Posted: August 29, 2017

Background:

At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through integrated financial and philanthropic services that generate positive social and environmental impact while fostering community and collaboration among participants.

With a 30-year track record of deploying loans, grants, and other catalytic capital to social enterprises, RSF is recognized nationwide as a leader in the field of social finance. As an organization of fewer than 50 employees, RSF’s approach is to grow our team by adding one person at a time. In doing so, we identify and seek a particular set of skills and experience to meet specific organizational needs. At the same time, we seeking candidates who align with our mission and values.

Position Summary:

The Sr. Associate, Loan Administration is responsible for preparing loan documents and assisting with legal diligence and the loan closing process. This position also coordinates loan funding and servicing, including recording loan disbursements, tracking payments, and keeping records up to date. A priority of this role is to provide a consistently high level of service to clients and RSF team members with exceptional attention to detail.

 

Responsibilities:

Loan Documentation

  • Produce commercial loan documents, including loan, security, subordination and participation agreements for new loans based on credit memos, term sheets and RSF policies and practices.
  • Produce ancillary loan documents, including amendments, waivers, extensions, side letters, and similar agreements for existing commercial loans. Identify discrepancies and other potential issues.  If unresolved, inform Loan Processing Manager.
  • Conduct loan closing and other transaction logistics to ensure timely, accurate, and professional documentation:
  • Review and approve loan documents for accuracy
  • Initiate communication with borrowers, title companies, and certain third parties
  • Coordinate Loan Closings and Settlement Statements with Title Companies
  • Monitor loan fees and vendor invoices for reimbursable/non-reimbursable items
  • Initiate the collection, review, and tracking of legal diligence requirements and exceptions including: UCC and other lien searches, filings, and continuations
  • Credit and/or business background reports (both domestic and international)
  • Real estate taxes, environmental reports, and flood insurance zone diligence of mortgage loans
  • Comprehensive review of title policies for real estate loans
  • Collateral, hazard and Liability insurance requirements via Sageworkso Collateral, hazard and Liability insurance requirements via Sageworks
  • Terminations and reconveyances of collateral as required
  • Maintain Salesforce system with accurate collection of client fees

Loan Closing and Boarding

  • Coordinate with borrowers and members of RSF’s Lending and Accounting teams to ensure timely and accurate completion of loan closing and funding tasks
  • Manage post-closing functions (including the preparation of loan closing distribution packages for borrowers, tracking Borrower and third party post-closing obligations)
  • Set up commitment records in Nortridge Loan System; setup deposit in Salesforce
  • Record loan disbursements in Nortridge Loan System
  • Review disbursement forms and collect fees associated with loan closing
  • Keep electronic records up to date in multiple systems, including contact information and loan terms
  • Implement borrower setup on client portal. Instruct how to access and properly use online portal
  • Attend weekly Loan Operations/Lending Business Development team meeting
  • Maintain User Defined fields
  • Track post-closing items in Sageworks software

Loan Funding and Servicing

  • Process loan disbursements
  • Process loan payments
  • Setup commitments when good faith deposits are received
  • Manage payment schedules and processing of payments to participating banks
  • Answer client questions as needed. Monitor and respond to borrower requests via phone and email; escalate as needed for problem resolution
  • Work with borrowers to complete audit confirmations
  • Assist with producing loan statements twice monthly; processing ACH uploads for payments
  • Assist with loan and loan participation reconciliations
  • Prepare monthly interest and billed fee uploads
  • Monitor bugs in Nortridge Loan System, communicate with Nortridge Loan System support team
  • Maintain TWiki intranet files to be correct and current; add new procedures as necessary
  • Document Loan closing and boarding processes using TWiki intranet
  • Update servicing templates and system templates
  • Draft demand letters for borrowers as requested
  • Track fees relating to defaulting loans
  • Monitor loan covenant compliance using Sageworks software. Communicate with borrowers and members of Loan Operations/Lending Business Development team as needed.
  • Prepare aging report using Nortridge Loan System
  • Other duties as requested

Requirements:

  • Associates degree required; bachelor’s degree preferred
  • Minimum four (4) years of experience with commercial contracts and perfection of collateral including familiarity with the Uniform Commercial Code (UCC filings for both personal property and real estate collateral), drafting experience, corporate and real estate due diligence, and handling corporate state filings
  • Minimum of five (5) years of experience preparing legal documents, preferably in the area of secured commercial lending; demonstrated familiarity with loan operations procedures using Laserpro documentation program.
  • Experience preferred in most (though not necessarily all) of the following practice areas: finance, real estate, tax-exempt organizations, and securities law
  • Minimum two (2) years of relevant work experience in the following areas:
    • Loan servicing / processing for a commercial lending institution (preferred)
    • Accounting in an accounts receivable or billing environment
  • Experience in shadow accounting with respect to loans in non-accrual, charge off process.
  • Strong written and oral communication skills, including the ability to communicate complex ideas and concepts in a clear and professional manner
  • Strong interpersonal and listening skills, including sensitivity and appreciation for diverse viewpoints and communication styles
  • Basic understanding of financial statement review and analysis
  • Familiarity with financial covenants and ratios and other financial/monetary loan terms and provisions
  • Must have a solid grasp of math and accounting concepts in order to perform loan reconciliation’s, generate loan statements and review documents for accuracy.
  • Familiarity with UCC and other collateral security interest and perfection matters
  • Familiarity with standard commercial loan products (including real estate and other asset based products and lines of credit)
  • Familiarity with property and liability insurance
  • Proficiency with Microsoft Outlook, Word and Excel required (including certain key functions such as compare and track changes).
  • Familiarity with Medici, LaserPro, or other loan documentation software
  • Familiarity with Nortridge Loan software or similar commercial loan servicing software
  • Experience with, and/or ability to use, Salesforce or similar systems
  • Ability to handle sensitive information with strict confidentiality and professionalism

Compensation:

The expected initial salary for this position is expected to be in the low to mid $60K range.

How to Apply:

Please submit your resume via e-mail to HR@rsfsocialfinance.org along with a thoughtful cover letter. In the cover letter, please explain why you are interested in the mission, values, and activities of RSF Social Finance. Please also tell us why your skills and experience would make you successful in this role.
In the e-mail subject line, please write “Senior Associate, Loan Administration”.

Please note that applications without a cover letter will not be considered. No phone calls please.

The application deadline is Friday, September 8th.

RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply. 

Senior Commercial Credit Officer Self-Help Federal Credit Union
Oakland, CA
Job Function: Lending/Loan Operations
Posted: August 28, 2017

Background:

About Self-Help Federal

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 18 branches in California, 9 branches in Illinois, 2 branches in Florida, and 1 branch in Wisconsin, approximately $950 million in assets, and serving more than 80,000 members, Self-Help Federal is one of the fastest-growing low-income designated credit unions in the country. It is part of the national Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For 37 years, the Center for Community Self-Help and its affiliates have provided $7.6 billion in financing to help over 137,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources. For more information, go to www.self-helpfcu.org and www.self-help.org

We are an equal-opportunity employer:

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, military and veteran status, ancestry, class or family status.

Position Summary:

Self-Help Federal Credit Union, a leading Community Development Financial Institution (CDFI) has been expanding rapidly, both in California and nationally. Having focused primarily on consumer and mortgage lending for our early years in California, Self-Help is now committed to growing its commercial lending activity to support community development in underserved communities and markets.  As such, we seek to add one or more experienced professionals to our team at locations throughout the state.  

The Senior Credit Officer will underwrite and originate commercial loans that conform to Self-Help’s underwriting policies with primary (but not exclusive) focus on loan size greater than $500,000, including those in commercial real estate, health food systems, charter schools, and alternative energy.  Critical to this role is the ability to assess the risk of commercial loans and help supervise loan officers to structure credit proposals for your and credit committee approvals based on a complete analysis and the quality of the due diligence presented.

Leadership responsibilities can be structured around a compelling candidate’s prior experience and interests – be that team supervision, strategy development and/or loan execution.  Location is also flexible among many of Self-Help’s California locations.  Our priority is to identify candidates with a demonstrated commitment to economic development and social justice, and a preference for a diverse and collaborative workplace; the role can then be structured around the candidates lending experience.

Responsibilities:

Responsibilities of the role may be specifically tailored based on a successful candidates past experience, but will include some or all of the following:

  • Originate and close loans in coordination with credit and closing staff.   
  • Supervise Loan Officers to properly structure and underwrite loans and in accordance with lending policies.
  • Conduct detailed analysis of financial information, industry, management capacity, and collateral in determining lending decision.
  • Assess the risk of commercial loans and makes an approval or decline decision based on the quality of the data presented.
  • Verifies all appropriate information pertinent to the credit decision process for each loan application.
  • Ensure that all pre and post-closing requirements are met and that credit packages and documentation conform to the loan approval requirements.
  • Service loan portfolio and work with management team on troubled loans.
  • Ensure maintenance of relationships with borrowers post-closing in coordination with loan officers, including approving and processing construction draws and conducting annual site visits.
  • Assist with team management and potentially related responsibilities.
  • Perform other duties as may be deemed necessary.and appropriate.

Requirements:

Education and/or Experience

  • At least 5 years relevant experience in lending, finance, community economic development or other related field.  More experience a plus.
  • 4 year college degree or similar education preferred, but not required. 
  • Graduate degree in Business, City Planning, Public Policy or Law (or a related field) a plus.

Knowledge, Skill and Ability

  • Strong quantitative skills
    • ability to spread and analyze financial statements, study and evaluate information and make sound recommendations based on risk assessment
    • ability to prepare and analyze operating projections, budgets and cash flows
    • ability to quickly learn and analyze new industries, considering industry drivers and competitive threats, and developing new contacts to provide in-depth industry knowledge
  • Demonstrated ability to provide critical assessment of standard underwriting criteria (financial analysis, management assessment, collateral risk, etc.), financial ratio analysis, document review (contracts, appraisals, etc.), and other relevant data
  • Solid communication skills
    • ability to communicate clearly and effectively with clients and team members, including setting appropriate expectations and strong interpersonal skills
    • ability to write clear and concise loan transmittals, including translating financial and numerical data into written form
  • Strong attention to detail and ability to set priorities and organize competing priorities
  • Ability to work effectively in teams
  • Ability to manage and develop staff
  • Proficiency with MS Word and Excel
  • English/Spanish fluency a plus
  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization

Physical requirements/work environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Close vision is required.
  • Employee is regularly required to: sit; talk and hear; use hands to finger, handle or feel; and reach with hands and arms.
  • Employee is frequently required to type and use a keyboard.
  • The employee must occasionally lift and/or move up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package that includes health, dental, vision, life insurance, flexible spending plan, retirement plan, and paid parental leave.

How to Apply:

To apply, please send resume and cover letter, describing why you believe you are a good fit for this position, to cahiringmanager@self-helpfcu.org. Please include the position title as the subject. Application must be received by September 15, 2017  to ensure consideration. Applications received after this date may or may not be considered, depending on the applicant pool. The position will remain posted until filled.

 

Senior Business Development Officer Self-Help Federal Credit Union
Oakland, CA
Job Function: Business Development
Posted: August 28, 2017

Background:

About Self-Help Federal

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 18 branches in California, 9 branches in Illinois, 2 branches in Florida, and 1 branch in Wisconsin, approximately $950 million in assets, and serving more than 80,000 members, Self-Help Federal is one of the fastest-growing low-income designated credit unions in the country. It is part of the national Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For 37 years, the Center for Community Self-Help and its affiliates have provided $7.6 billion in financing to help over 137,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources. For more information, go to www.self-helpfcu.org and www.self-help.org

We are an equal-opportunity employer:

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, military and veteran status, ancestry, class or family status.

Position Summary:

Self-Help Federal Credit Union, a leading Community Development Financial Institution (CDFI) has been expanding rapidly, both in California and nationally. Having focused primarily on consumer and mortgage lending for our early years in California, Self-Help is now committed to growing its commercial lending activity to support community development in underserved communities and markets. As such, we seek to add one or more experienced professionals to our team at locations throughout the state.

The Business Development Officer (BDO) will help generate mission impact commercial loan origination by expanding our relationships and marketing  Self-Help’s commercial lending products to potential borrowers and networks in California.  The BDO will work closely with other members of the Commercial Lending Team (based in Durham, NC, but now expanding in California) to deploy high-priority capital  (typically $500k-$20 million) in our various sectors, including but not limited to charter schools, affordable housing, healthy foods, green related projects/businesses, commercial real estate and faith-based organizations.

Critical to this role is the understanding of the value of team work and customer relationships as the BDO will have direct contact with both internal and external customers and will work closely with loan officers, sector leaders and underwriters to perform the principal duties and responsibilities of the role.  

Leadership responsibilities can be structured around a compelling candidate’s prior experience and interests – be that team supervision, strategy development and/or loan execution.  Location is also flexible among many of Self-Help’s California locations.  Our priority is to identify candidates with a demonstrated commitment to economic development and social justice, and a preference for a diverse and collaborative workplace; the role can then be structured around the candidates lending experience.

Responsibilities:

Responsibilities of the role may be specifically tailored based on a successful candidates past experience, but will include some or all of the following:

  • Market loans to existing and new referral sources and potential borrowers through activities, including one-on-one meetings; presentations on such topics as financial management, financing options, and the facility development process; and, in conjunction with communications staff, direct mailings, e-blasts and other appropriate outreach.
  • Assess loan requests, including an overview analysis of financial statements and management capacity to ensure prospective borrowers are a good fit with our credit and mission standards
  • Provide excellent customer service, including prompt responses, basic technical assistance and referrals to other technical assistance providers as appropriate.
  • Assist in servicing loan portfolio in California and work with portfolio management team on troubled loans when issues arise.
  • Meet loan production goals.
  • Assist in product development with sector lending leaders, contributing knowledge based on industry and credit experience.
  • Perform other duties as may be deemed necessary and appropriate.

Requirements:

Education and/or Experience

  • At least 5 years relevant experience in lending, finance, community economic development or other related field.  More experience a plus.
  • 4 year college degree or similar education preferred, but not required. 
  • Graduate degree in Business, City Planning, Public Policy or Law (or a related field) a plus.

Knowledge, Skill and Ability

  • Exhibits the following Self-Help leadership competencies: 
    • Mission, culture and core values fit
    • High Emotional Intelligence: team and people skills, self-awareness, etc.
    • Relevant technical and strategic skills and problem solving capability
    • Cultural competence and inclusion
    • Persuasion and negotiation skills
  • Demonstrated commitment to social and economic justice 
  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization
  • Excellent communication skills including:
    • ability to communicate clearly and effectively, including developing a clear message and presenting Self-Help products and programs to individuals and groups
    • ability to write clearly and concisely, including translating financial and numerical data into written form 
  • Ability to build effective business development networks that lead to loan deal flow and closed loans, while building long-term collaborative relationships with organizational allies.
  • Strong quantitative and critical thinking skills that allow for effective evaluation of commercial loan prospects, including ability to spread and analyze financial statements, project cash flow projections, and project management; study and evaluate information; and make sound recommendations based on risk assessment
  • Strong attention to detail
  • Ability to work effectively and cooperatively in teams
  • Strong project management skills, including ability to set priorities and organize competing priorities
  • Proficiency with MS Word, Excel and PowerPoint
  • Ability and willingness to travel about 1-3 times a week, including day trips and some overnight travel.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Close vision is required.
  • Employee is regularly required to: sit; talk and hear; use hands to finger, handle or feel; and reach with hands and arms.
  • Employee is frequently required to type and use a keyboard.
  • The employee must occasionally lift and/or move up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package that includes health, dental, vision, life insurance, flexible spending plan, retirement plan, and paid parental leave.

How to Apply:

To apply, please send resume and cover letter, describing why you believe you are a good fit for this position, to cahiringmanager@self-helpfcu.org. Please include the position title as the subject. Application must be received by September 15, 2017 to ensure consideration. Applications received after this date may or may not be considered, depending on the applicant pool. The position will remain posted until filled.

Commercial Loan Officer Self-Help Federal Credit Union
Oakland, CA
Job Function: Lending/Loan Operations
Posted: August 28, 2017

Background:

About Self-Help Federal

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 18 branches in California, 9 branches in Illinois, 2 branches in Florida, and 1 branch in Wisconsin, approximately $950 million in assets, and serving more than 80,000 members, Self-Help Federal is one of the fastest-growing low-income designated credit unions in the country. It is part of the national Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For 37 years, the Center for Community Self-Help and its affiliates have provided $7.6 billion in financing to help over 137,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources. For more information, go to www.self-helpfcu.org and www.self-help.org

We are an equal-opportunity employer:

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, military and veteran status, ancestry, class or family status.

Position Summary:

Self-Help Federal Credit Union, a leading Community Development Financial Institution (CDFI) has been expanding rapidly, both in California and nationally. Having focused primarily on consumer and mortgage lending for our early years in California, Self-Help is now committed to growing its commercial lending activity to support community development in underserved communities and markets.  As such, we seek to add one or more experienced professionals to our team at locations throughout the state.  

The Commercial Loan Officer (LO) will be responsible for originating and closing mid-size and complex commercial loans (generally from $500k-$20+million) including assessing an applicant, performing financial analysis and industry and market research, evaluating management capacity and collateral, among other factors, to complete loan transmittals for underwriting.

Critical to this role is the understanding of the value of team work and customer relationships as the LO will have direct contact with both internal and external customers and will work closely with other loan officers, sector leaders and underwriters to perform the principal duties and responsibilities of the role.  Current sector focuses include charter schools, commercial real estate, energy efficiency and green, healthy foods, child care, faith-based and affordable housing.

Leadership responsibilities can be structured around a compelling candidate’s prior experience and interests – be that team supervision, strategy development and/or loan execution.  Location is also flexible among many of Self-Help’s California locations.  Our priority is to identify candidates with a demonstrated commitment to economic development and social justice, and a preference for a diverse and collaborative workplace; the role can then be structured around the candidates lending experience.

Responsibilities:

Responsibilities of the role may be specifically tailored based on a successful candidates past experience, but will include some or all of the following:

  • Serve as lead originator (loan officer) on mid-size and complex loans to evaluate loan requests and participate on teams originating larger/more complex loans, including
    • Analyze financial statements of project sponsors and guarantors
    • Compile and analyze project pro-forma, including evaluating income, expense, and other assumptions
    • Assess management capacity of project team
    • Conduct and analyze feasibility, market, and sector research
    • Evaluate appraisals and other collateral information
    • Evaluate viability of construction delivery process, if applicable
    • Identify, evaluate, and make determinations regarding key credit/risk drivers, and propose strategies to mitigate such risks
    • Originate and close loans in coordination with other team members
    • Meet loan production and delinquency goals.
  • Participate on teams with more experienced Loan Officers to originate larger/more complex loans.  In these situations, may be assigned to handle specific aspects of the origination process and/or may serve as project lead on teams where experience and strength of industry knowledge warrant
  • Actively participate in servicing the loan portfolio along with other members of the portfolio management team. 
  • Conduct site visits
    • Evaluate annual financials and risk management reports
    • Work with others team members to resolve troubled loans
  • Analyze, monitor, and process construction draws, including:
    • Continually assess whether or not the project is on budget and schedule
    • Provide technical assistance to borrowers if construction concerns arise, in conjunction with other team members
  • Build and maintain strong relationships with borrowers through closing and post-loan closing, as well.
  • Provide excellent customer service, including prompt responses, basic technical assistance and referrals to other technical assistance providers as appropriate.
  • Implement business development plans as necessary, including one-on-one meetings and presentations to referral sources and potential borrowers.
  • Participate in product development with sector lending leaders, contributing knowledge based on industry and credit experience.
  • May serve as mentor of less experienced loan officers and assist in training, as needed.
  • Perform other duties as may be deemed necessary and appropriate.

Requirements:

Education and/or Experience

  • At least 5 years relevant experience in lending, finance, community economic development or other related field.  More experience a plus.
  • 4 year college degree or similar education preferred, but not required. 
  • Graduate degree in Business, City Planning, Public Policy or Law (or a related field) a plus.

Knowledge, Skill and Ability

  • Demonstrate Self-Help's corporate competencies:
    • Mission and Values
    • Standards of Excellence
    • Teamwork and Collaboration Initiative and Follow-Through
    • Customer Focus 
    • Communication
  • Sound quantitative and critical thinking skills:
    • Ability to spread and analyze financial statements, project cash flow projections, and project management; study and evaluate information; and make sound recommendations based on risk assessment
    • ability to analyze new industries, considering industry drivers and competitive threats, and develop new contacts to provide in-depth industry knowledge
  • Solid communication skills:
    • ability to communicate clearly and effectively with clients and team members, including setting appropriate expectation
    • ability to write clear and concise loan transmittals, including translating financial and numerical data into written form 
  • Ability to advocate for a borrower and their project at credit committee and ability to advocate for Self-Help when working with a borrower
  • Strong attention to detail
  • Ability to work cooperatively in teams
  • Strong project management skills, including ability to set priorities and organize competing priorities.  
  • Ability to build and maintain strong relationships with referral sources and other internal and external key stakeholders, including presenting Self-Help products and programs to individuals and groups as necessary
  • Proficiency with MS Word, Excel and PowerPoint
  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization
  • English/Spanish fluency a plus

Physical requirements/work environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Close vision is required.
  • Employee is regularly required to: sit; talk and hear; use hands to finger, handle or feel; and reach with hands and arms.
  • Employee is frequently required to type and use a keyboard.
  • The employee must occasionally lift and/or move up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package that includes health, dental, vision, life insurance, flexible spending plan, retirement plan, and paid parental leave.

How to Apply:

To apply, please send resume and cover letter, describing why you believe you are a good fit for this position, to cahiringmanager@self-helpfcu.org. Please include the position title as the subject. Application must be received by September 15, 2017 to ensure consideration. Applications received after this date may or may not be considered, depending on the applicant pool. The position will remain posted until filled.

Senior Vice President, Self-Help Federal Credit Union Self-Help Federal Credit Union
Oakland, CA
Job Function: Other
Posted: August 28, 2017

Background:

What is Self-Help's Mission?

Our mission is to create and protect ownership and economic opportunity for all. We do this by providing responsible financial services, lending to small businesses and nonprofits, developing real estate and promoting fair financial practices. While our work benefits communities of all kinds, our focus is on those who may be underserved by conventional lenders, including people of color, women, rural residents and low-wealth families and communities.

About Self-Help Federal

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 19 branches in California, 10 branches in Illinois, 2 branches in Florida, and 1 branch in Wisconsin, approximately $950 million in assets, and serving more than 80,000 members, Self-Help Federal is one of the fastest-growing low-income designated credit unions in the country. It is part of the national Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For 37 years, the Center for Community Self-Help and its affiliates have provided $7.6 billion in financing to help more than 137,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources. For more information, go to www.self-helpfcu.org and www.self-help.org

We are an equal-opportunity employer:

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, military and veteran status, ancestry, class or family status

Position Summary:

Self-Help Federal Credit Union seeks a proven leader with a deep commitment to social and economic justice, a preference for a diverse and collaborative workplace, and experience in credit unions, banking, lending, and/or other community development operations. Self-Help Federal, a leading Community Development Financial Institution (CDFI) has been expanding rapidly, both in California and nationally.  Its management structure is also evolving as part of the larger Self-Help family of organizations based in Durham, NC.  The Senior Vice-President will manage a group of the organization’s California-based Team Leaders, and as part of the SHFCU Leadership Caucus participate in leading the organization’s growth and development.  Based on a candidate’s experience, the functional areas the SVP will oversee is flexible within the breadth of our operations – from lending, branch operations and remote banking services to support functions like compliance, operations training, IT, HR, marketing and communications.  The position will be based at one of Self-Help’s California locations.  
 

Responsibilities:

  • Lead, coach and supervise Team Leaders and assigned teams, with a focus on staff development and driving performance. 
  • Drive goal setting, outcome accountability, performance management, and budgetary oversight for assigned teams.
  • With others, effectively coordinate resources across teams.
  • Ensure strong internal and external customer service and support from assigned teams, working with leaders across the organization to ensure effective collaboration across teams.
  • Communicate and model behavior in order to promote mission and culture alignment, drive goals and policies, and effectively address areas of concern and conflict.
  • Evaluate and manage risk within assigned teams, facilitating solutions to increase effectiveness and mitigate organizational risk.
  • Help to develop and implement organizational strategy, including growth and innovation. 
  • Provide leadership and expertise on special projects as requested.

Requirements:

  • At least fifteen years of relevant experience (at least 10+ management) with a financial institution or comparable organization, with a preference for experience within Community Development Financial Institutions (CDFIs)
  • Demonstrated track record in providing strategic leadership to an organization or business unit and driving strong results
  • Sincere commitment to staff development and active management of staff and business units
  • Excellent verbal, written, and interpersonal communication skills
  • Sensitivity to issues of low-wealth borrowers and communities, and a desire to work in a racially and socially diverse organization
  • Exhibits the following Self-Help leadership competencies:  
  • Mission, culture and core values fit
  • High Emotional Intelligence: team and people skills, self-awareness, etc.
  • Relevant technical and strategic skills and problem solving capability
  • Cultural competence and inclusion
  • Persuasion and negotiation skills
  • Undergraduate degree preferred; MBA or graduate degree in another related field is a plus.  Neither is required.

Physical Requirements

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Close vision is required.
  • Employee is regularly required to: sit; talk and hear; use hands to finger, handle or feel; and reach with hands and arms.
  • Employee is frequently required to type and use a keyboard.
  • The employee must occasionally lift and/or move up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package that includes health, dental, vision, life insurance, flexible spending plan, retirement plan, and paid parental leave.

 

How to Apply:

To apply, please send resume and cover letter, describing why you believe you are a good fit for this position, to cahiringmanager@self-helpfcu.org. Please include the position title as the subject.  Application must be received by September 15, 2017 to ensure consideration. Applications received after this date may or may not be considered, depending on the applicant pool. The position will remain posted until filled.

 

Chief Financial Officer Economic and Community Development Institute
Columbus, OH
Job Function: Finance
Posted: August 28, 2017

Background:

Economic and Community Development Institute (ECDI) was founded in 2004 as a non-profit lending source specializing in loans for small businesses and startups unable to secure traditional bank financing. By offering flexible financing options, personalized customer service, one-on-one business advising, and access to entrepreneurial resources, ECDFI has grown to offer loans up to $350,000 to businesses across the State of Ohio.  Starting in Columbus in 2004 before expanding to Cleveland in 2012 and Akron in 2014, ECDI has assisted over 10,000 individuals and made more than 1800 loans totaling more than $39 million.  With total assets of over $20 million, ECDI supports the success of small businesses, the prosperity of local communities and the growth of Ohio's diverse economy.

As a 501(c)(3) nonprofit organization, ECDI depends on various sources of funding to carry out its mission of …..  Those funding sources include local and national financial institutions like Chase Bank, Key Bank, US Bank, LISC and many others; foundations and other nonprofit investors like the Kresge Foundation and the Columbus Foundation; and government entities like the U.S. Small Business Administration (SBA), the CDFI Fund at the U.S. Treasury Department, the State of Ohio and a number of local governments. In partnership with these funders, ECDI serves small businesses and their communities throughout the state in a sustainable and responsive manner.  
ECDI’s customers include a broad range of businesses such as service and retail businesses, manufacturing, arts and entertainment enterprises.  

For more information about the organization, please visit ECDI’s website at www.ecdi.org.

 

Position Summary:

The Chief Financial Officer CFO) has primary responsibility for ECDI’s financial management and administrative operations, with direction from the Chief Executive Officer (CEO) and President.  The CFO works closely with other senior managers and with the Board Treasurer.  The CFO’s responsibilities can be grouped in three major areas:  internal operational and portfolio management, financial and strategic planning, and lending program oversight.

 

Responsibilities:

The CFO oversees the financial and administrative functions for ECDI.  He/she develops and maintains systems and procedures for all financial operations, exercising judgment in conformity with the organization’s policies and goals.  This includes overseeing and improving IT and other computer systems, as well as other administrative operations including Human Resources.  He/she selects, trains, supervises and evaluates direct reports.  Current positions within the finance department are Controller, cost accountant, accounts receivable and accounts payable clerks, and Treasurer.  

In addition, the CFO oversees the work of lending, portfolio and compliance staff.  Other internal management responsibilities include supervising the preparation of budgets and financial statements, and insuring fiscal contract compliance across all activities.  This requires maintaining a solid, current understanding of the financial condition and requirements of both the individual programmatic components that comprise ECDI and the organization as a whole, as well as the ability to communicate that condition clearly to both executive management and the Board through financial reports and appropriate commentary.

In the area of financial and strategic planning, the CFO works closely with the CEO and President as well as with other senior managers including the directors of the lending and technical assistance programs like the Women’s Business Center, and regional offices to shape the organization’s direction.  The CFO is responsible for oversight of ECDI’s budget process, and serves as the coordinator for financial reporting to both the Board and to all funding sources.  This includes overseeing the annual audit process.  In particular, the CFO assesses needs and opportunities for operating support and for lending capital, both as they relate to existing programs and to new strategies and initiatives that might arise as ECDI continues to grow.  Both long term and annual financial plans are under the purview of this position, to be developed and implemented to not only to carry out ECDI’s mission, but also to strengthen its capacity to sustain itself.  This includes special attention to cash flow management and forecasting.

Requirements:

The ideal candidate will demonstrate the following professional qualifications:

  • Five to seven years of experience as a CFO, controller, other senior financial officer, with at least some of that experience in a community development financial institution, and one year of public accounting experience required;
  • Demonstrated effectiveness as a manager of staff and organizational finances;
  • At least three years of experience supervising employees with accounting functions;
  • Demonstrated knowledge of accepted FASB guidelines and practices;
  • Experience overseeing or accounting for lending activities is highly beneficial, as is experience analyzing and managing portfolio risk;
  • Demonstrated competence in the preparation and analysis of proposals and budgets, and in reporting outcomes with governmental and private funders;
  • Demonstrated computer and financial forecasting skills;
  • Bachelor’s degree in accounting or finance; CPA desired.  

Compensation:

The salary range is $125,000 - $140,000, plus fringe benefits. ECDI offers a competitive package of vacation and other paid-time-off; health, dental and vision insurance; retirement plan and other benefits.

How to Apply:

For further information, contact:

David Erickson-Pearson
Erickson-Pearson Search 
8801 Creekside Way, #1321   
Highlands Ranch, CO  80129.  
Phone: 303-703-6165.  
Email: epdavid@earthlink.net

To apply, please send resume and cover letter to epdavid@earthlink.net

Portfolio Manager Housing Assistance Council
Washington, DC
Job Function: Lending/Loan Operations
Posted: August 25, 2017

Background:

The Housing Assistance Council (HAC) has been helping local organizations build affordable homes in rural America since 1971. HAC assists in the development of both single- and multi-family homes and promotes homeownership for working low-income rural families through a self-help, "sweat equity" construction method by emphasizing local solutions, empowerment of people in poverty, reduced dependence, and self-help strategies. HAC offers services to public, nonprofit, and private organizations throughout the rural United States and maintains a special focus on high-need groups and regions, such as: Indian country, the Mississippi Delta, farmworkers, the Southwest border colonias, and Appalachia.

HAC is a nonprofit corporation located in Washington, DC with regional offices in Atlanta, Kansas City, Albuquerque, and Sacramento.

Position Summary:

The Portfolio Manager is responsible for the overall asset management and reporting for an assigned portfolio of loans made to entities engaged in affordable housing activities in rural communities throughout the United States. He/she performs a range of lending activities – closing, disbursement, monitoring, and servicing single- and multifamily housing development loans – in the Housing Assistance Council’s (HAC’s) Loan Fund Division

The Portfolio Manager reports directly to the Senior Portfolio Manager and works with the Loan Fund Director, other Portfolio Managers, Senior Loan Officer, Underwriters, and SHOP Program Manager to meet lending goals and objectives. He/she communicates with borrowers, third-party lenders, attorneys, title companies, other HAC divisions, and other external parties, as appropriate.

Responsibilities:

Asset Management

  • Loan Closing, Disbursements, and Payments – Prepare and review loan closing documents (e.g., loan agreement, promissory note, deed of trust) and disbursement packages. Provide instructions to closing agents/attorneys, borrowers, and third-party entities. Provide repayment and collateral release information, as requested, from borrowers and closing/title agents.
  • Loan Monitoring – Conduct ongoing asset management of an assigned portfolio of housing and other loans, including developing a relationship with each borrower and conducting regular loan monitoring reviews. Prepare portfolio reviews for each loan on a regular schedule to review overall asset quality, including performance against original underwriting expectations. Such reviews evaluate information including borrowers/sponsor financial statements, rent rolls, project status reports, and overall analysis of the credit condition of the borrower/sponsor.
  • Site visits – Conduct regular onsite reviews and prepare site visit reports for loans in his/her portfolio in accordance with HAC Loan Fund policies and procedures. Site visits require domestic travel and overnight stays.
  • Loan Extensions and Modifications – For loans where the borrower is seeking an extension or modification, work closely with the borrower to provide a preliminary assessment of the necessity and feasibility of such extension or modification, and communicate with the Senior Portfolio Manager and/or Loan Fund Director. Conduct an analysis of the credit and project feasibility and make recommendations as to the extension or modification of terms and conditions, if deemed appropriate.
  • Non-performing Loans – Provide support, as requested, to the Senior Portfolio Manager and/or Loan Fund Director in managing non-performing loans, including but not limited to conducting site inspections, appraisal reviews, and borrower or project financial analysis.
  • Customer Service – Maintain a positive and professional relationship with borrowers and partners (e.g., third-party lenders, attorneys and other external parties) by responding promptly to any and all requests in a responsive, consistent, accurate manner.
  • Policies and Procedures – Understand, comply with, create and recommend updates to the policies and procedures related to the portfolio management and lending functions.

Reporting

  • Report on the assigned portfolio, including and not limited to assessing asset quality, industry and market, asset allocation, loan loss reserves and non-performing loans.
  • Communicate orally and make presentations to HAC’s Loan Committee and/or Board of Directors related to asset management responsibilities.

Other

  • From time to time have an opportunity or be required to work on miscellaneous projects and initiatives related to either the lending functions or across the organization as needed.

Requirements:

Required

  • Undergraduate degree or two years related work experience in a financial lending or real estate development entity.
  • Experience with loan, legal, and collateral documentation.
  • Excellent organizational skills, strong attention to detail, and ability to prioritize and manage multiple tasks/projects and meet deadlines.
  • Excellent analytical and problem-solving skills.
  • Computer aptitude, including knowledge of Microsoft Office Suite programs and other database software.
  • Ability to effectively communicate, verbally and in writing, and to function professionally with all levels of HAC personnel, business partners, and constituents.
  • Willingness and ability to keep abreast of industry standards, challenges, and changes influencing lending activities.
  • Ability to protect and maintain confidentiality.
  • Willingness to occasionally work long hours including some weekends and evenings.

Preferred

  • Knowledge of and experience with the affordable housing development process, federal, state, and local housing programs, and public and private financing sources for single- and multifamily rural housing (e.g., HOME, CDBG, USDA Section 502).
  • Knowledge of and experience with standard principles and legal procedures related to real estate transactions, property transfers, and collateral; general understanding of financial transactions, financial statements, and audits.
  • Commitment to social justice issues and interest in rural, low-income housing.

Compensation:

The salary for this position is negotiable based on experience and qualifications.  HAC offers an excellent benefits package including health coverage, disability and life insurance, and 403(b) contributions.

How to Apply:

HAC is an equal opportunity provider and employer.  HAC does not discriminate in hiring or employment practices on the basis of race, color, ethnicity, gender, national origin, age, religion, sexual orientation, disability, marital or familial status, ancestry, or status as a veteran.  HAC is committed to maintaining a multicultural work environment.  Women and minorities are strongly encouraged to apply.

Please contact or submit resume, along with salary history and requirements to:
Yvonne Rivera, CSP (yrivera@nonprofithr.com
Director, Talent Acquisition
Nonprofit HR 
1400 Eye Street, NW, Suite 500
Washington, DC 20005
(202) 644-7422

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