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

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

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

Credit Analyst IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: January 14, 2019

Background:

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores.

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Our staff of nearly 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

Position Summary:

Basic Job Function

Responsible for supporting the loan origination process by analyzing applicant financial, project and management capacity and preparing loan recommendations. Work closely with lenders across all IFF sectors and states on loan opportunities to determine long-term fit with IFF mission and credit requirements. Manages and maintains database information with responsibility for data integrity.

Responsibilities:

Job Duties and Responsibilities:

1. Support the underwriting of loan opportunities.

a. Work directly with originations team lenders and potential borrowers to fully assess the applicant, project and financing request.
b. Spread applicant’s financials and provide historical analysis of applicant’s financial strengths and weakness in order to assess capacity for new debt.
c. Compare liquidity, profitability, and credit histories of organization being evaluated with similar organizations within industry environment to determine risk relative to sector.
d. Input relevant information into loan evaluations and summaries.
e. Analyze borrower budget and projections to assess and stress test debt service capacity.
f. Assist lender with write-up and presenting at loan committee.
g. Provide an assessment of the collateral and contribution to risk mitigation.
h. Complete a risk rating of the proposed borrower(s).

2. Build and maintain complete records in the Loan Management System (“LMS”) from inquiry through loan approval.

a. Ensure LMS records are completed to track status of loans as they move from application to commitment stage including key data on source of loan, date of inquiry and other process points.
b. Ensure a complete record in LMS on the account including key contacts, project information and impact data.

3. Support the Portfolio Management team in entering information on current clients and other post close monitoring.

a. Coordinate as needed obtaining information necessary.
b. Ensure that Portfolio Management team receives all relevant information for post- close relationship management and that files are complete.

4. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.

5. Perform other projects as assigned.

Performance Measures:

1. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications.

2. Proactively seeks solutions to identified issues and challenges relating to loan program implementation.

3. Timely, accurate and comprehensive analyses and reporting.

4. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.

5. Models personal accountability that promotes ownership and engagement.

6. Builds and maintains effective working relationships with colleagues, peers and team members.

7. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.

8. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

Position Qualifications:

Education: Bachelor’s Degree required, preferably in business, accounting or finance or equivalent experience in a similar position.

Previous Experience: Two years of experience in the areas of accounting, financial analysis, or credit for commercial, industrial and nonprofit organizations required. Ability to perform financial statement analysis including spreading financial statements and assessing cash flow metrics preferred.

Special Knowledge & Skills:

1. Analytical and business writing skills required to determine credit risk and to prepare credit presentations.

2. Experience with commercial real estate or community development collateral and lending a plus.

3. Proficiency in Microsoft Excel.

4. Demonstrated interest in nonprofit sector.

Unusual Requirements: Occasional evening and weekend work.

Compensation:

Compensation will be discussed at time of phone screening.

Medical plans (PPO, HMO, and HSA options)
Dental plans (PPO)
Vision discount program
Pretax medical, transportation, and dependable care flexible spending accounts
Generous vacation and sick time
401K plan with 5% employer contribution after one year of employment
Employer-paid life and AD&D coverage
Employer-paid short-term and long-term disability coverage
Other perks include:

Professional development
Flexible work schedule policy
Summer Fridays policy

How to Apply:

Application Instructions: Applicants must submit a cover letter, resume and salary requirements to careers@iff.org with “Credit Analyst” in the subject line.

IFF values equity, diversity and inclusion as part of its mission to strengthen nonprofits and the communities they serve. IFF is an equal opportunity employer.

Short-term Consultant, Impact Investing Tideline
New York, NY or San Francisco, CA, CA
Job Function: Other
Posted: January 13, 2019

Background:

Tideline is a consulting firm that provides tailored advice to clients developing impact investment strategies, products, and solutions. Our mission is to help clients excel in realizing financial and societal value. We believe in shared, sustainable prosperity powered by market-based solutions. To that end, our services include strategy development, research and education, investment product and platform design, and impact management.

Our multi-disciplinary team delivers services of unmatched quality, grounded in deep, rigorous research and analysis. Past clients have included leading asset owners, intermediaries, and service providers active in impact investing, focused on a range of sectors and geographies. Tideline was founded in 2014 with offices in New York City, San Francisco, Portland, and Austin, and is led by the firm’s partners: Christina Leijonhufvud, Ben Thornley, and Kim Wright-Violich.

Position Summary:

As a boutique consultancy working on diverse projects in impact investing, Tideline periodically seeks out support beyond the core staff to meet time-bound capacity needs and/or bring on specialized expertise. With an application to this job description, you will be considered for future opportunities for a temporary role as the need arises.

The nature of the qualifications and time commitment sought will vary according to the firm’s circumstances, so a range of candidates with relevant expertise are encouraged to apply, including across experience levels and time availabilities.

Candidates will be considered for either the New York or San Francisco offices. Candidates are most likely to be offered part-time, two- to four-month contracts with the possibility of additional work or contract extensions, though this will vary.

Responsibilities:

See below.

Requirements:

The ideal candidate has a collaborative disposition; is well-organized and dependable; excels at working with teams; writes and communicates well; and has experience in consulting, finance, and/or impact investing (or related fields). Every member of the team embodies our firm’s values: excellence, commitment, and openness.

In addition to these overarching qualifications, more specific qualifications are included below by level. As part of the application, you will be asked to indicate what level is most appropriate for your candidacy, given your background.

Analyst level
● Two to four years of work experience
● Bachelor’s degree in relevant field
● Strong research and analytical abilities
● Clear and concise communicator, particularly in writing
● High attention to detail
● Strong PowerPoint skills and design sensibilities a plus
● Financial analysis and modeling experience a plus
● Adept at using Microsoft Office

Associate level
● Five to seven years of work experience
● Bachelor’s degree in relevant field; master’s degree a plus
● Analytical mindset with ability to guide research efforts
● Discriminating consumer of research, ability to assess quality of research
● Clear and concise communicator, oral and written
● Relevant topical expertise a plus
● Exceptional PowerPoint skills and design sensibilities a plus
● Advanced Excel skills; financial analysis and modeling experience a plus
● Adept at using Microsoft Office

Director level
● Eight or more years of work experience
● Master’s degree preferred
● Relevant topical expertise preferred
● Strong ability to lead content development and ensure quality control on work products
● Strength in project management and team management
● Ability to think creatively, generate frameworks, and identify key ideas
● Experience in service provision and/or client management; skilled at establishing credibility quickly
● Advanced Excel skills; financial analysis and modeling experience a plus
● Adept at using Microsoft Office

Compensation:

Time-based, commensurate with experience.

How to Apply:

Please apply through the link provided: https://tideline.bamboohr.com/jobs/view.php?id=25

Please ensure you respond to the seven prompts and submit your resume through the link. A cover letter is not requested. You may send any questions to info@tideline.com.

Applications evaluated on a rolling basis.

Chief Credit Officer NeighborWorks Capital;
Silver Spring, MD
Job Function: Investment
Posted: January 11, 2019

Background:

NeighborWorks® Capital (NC) is a national community development financial institution (CDFI) that serves the real estate financing needs of the 250 members of the NeighborWorks® network located across the United States. Its current capitalization is $130 million with over $85 million in loans outstanding nationwide. NC is based in Silver Spring, MD and provides loans to the members of this network that undertake real estate development projects beneficial to their communities, including affordable rental, for-sale housing and commercial projects. NC is a certified CDFI and is rated by Aeris Insight™.

NC’s loan portfolio includes short-term unsecured loans for pre-development costs, acquisition of sites and properties, construction or rehabilitation, mini-permanent and permanent multifamily properties, lines of credits and organizational/enterprise level financing. NC is implementing its Five- Year Strategic Plan that includes continued growth in lending impact and development of new products that will result in the doubling of the loan portfolio. This is an exciting time for the CCO to become part of the NC senior management team who will have the ability to build on a solid platform of portfolio management and bring additional expertise to the team and organization as it grows.

Position Summary:

The Chief Credit Officer (CCO) is a member of the senior management team that includes the Chief Executive Officer, Chief Lending Officer and Chief Financial Officer. The CCO manages three professional level staff and has lead responsibility for independently managing the loan portfolio, including loan monitoring, annual loan reviews, identifying existing and potential risks, modifying and working out troubled loans, making risk management recommendations, monitor exposures, and maintain all databases containing information related to loans in the portfolio. The CCO will report directly to the CEO and will also work closely with the CLO, CFO and NC Board of Directors and the Loan and Finance Committees, to manage the quality and analysis of NC’s loan portfolio to assure financial and reporting compliance. The CCO will provide reports to senior management, committees, and investors. The CCO is primarily responsible for the most complex or highest risk loans.

Responsibilities:

Management
 Supervise Portfolio Management Team which includes 3 staff and manage any consultants,
 Responsible for setting department strategic and annual work plan including determining annual portfolio management goals, department budget, and performance evaluations,
 Develop, implement and report on annual special projects
 Interface with CLO and CFO on loan credit quality reporting, loan projections, budget and audit.

Portfolio Management
 Maintain strong credit quality through monitoring borrower compliance with loan covenants and repayment provisions, reviewing borrower reports, and conducting periodic site visits.
 Proactively mitigate loan portfolio risk through loan extensions, enhanced monitoring, restructurings and work-outs and adjustments to risk ratings and loan loss reserves.
 Oversee and participate in portfolio management function and maintenance of an accurate, up-to-date loan portfolio database and reporting system, and well-organized, complete loan files.
 Resolve problem loans within the best interest of NeighborWorks Capital.
 Undertake special assignments to analyze special situations or committee requests due to changes in affordable housing financing programs or housing market conditions.
 Interface with lead lenders or loan participants on reporting and interface with borrowers.

Portfolio Analysis
 Identify any problem loans and propose to CEO strategies for resolving issues.
 Pursue collection efforts when necessary.
 Review and approve all disbursement requests including construction draws and revolving lines of credit, obtaining and independently reviewing all required documentation.
 Perform periodic site inspections and prepare reports on physical condition of properties in concert with the Portfolio Managers.
 Identify to senior management team of any potential issues in portfolio concentrations, exposures, trends and market risks.
 Identify to senior management team any potential covenant violation issues in the portfolio.

Portfolio and Impact Reporting
 Provide reports at regularly scheduled meetings to CLO, CFO, and CEO, Loan and Finance Committees, and Board of Directors on credit quality, maturities, exposures, and covenant compliance as defined in Portfolio Management Policies.
 Provide reports for funders or investors as defined in Portfolio Management Policies.
 Provide historical lending and impact data for internal and external partners.

Board and Committees:
 Lead staff in developing agenda topics and providing reports on portfolio performance and analysis and other information to committee members in a well-organized, accurate and timely fashion.
 Attend all Board, Loan, and Finance committee meetings.
 Participate in annual and strategic planning processes.
 Participate in CDFI and affordable housing industry conferences.

General
 Work cooperatively and constructively with a wide variety of people.
 Share responsibility for relationship management with Lending Team to create loyalty and repeat business.
 Support and promote Lending Team’s ability to procure new loans from existing borrowers.
 Build relationships with borrowers post-closing and encourage them to work in partnership with NeighborWorks Capital.
 Resolve conflicts through negotiation, effectively balancing borrower needs with risk mitigation for NeighborWorks Capital.
 Work effectively in a small team environment and actively participate in joint problem solving; willingly cooperate with co-workers.
 Communicate courteously and effectively with others – deal with issues directly, in a respectful and timely manner, focus on resolving the issue while not criticizing the person.

Requirements:

 At least 7 years of demonstrated relevant portfolio management experience, preferably in multi-family housing and/or commercial real estate at a CDFI or bank, or 7 years in a related field. Supervisory experience of at least 5 years.
 Undergraduate degree in business, finance, economics or accounting, advanced degree in relevant field (finance, planning, etc.) is preferred.
 Knowledge and experience with multifamily real estate finance, community development real estate lending, affordable housing programs and portfolio management required.
 Proficiency in analyzing complex financial statements of for-profit and nonprofit organizations and their real estate operations.
 Familiarity with business law concepts including contracts, mortgages, appraisals, loan collateral, uniform commercial code, creditors' rights and forms of business organization and sufficient knowledge to review and negotiate loan documents.
 Knowledge of federal and state real estate development subsidy programs that serve urban and rural areas.
 Use of collaborative and facilitative approach and the flexibility to work with broad range of cultures, personalities, and work styles.
 Ability to demonstrate the greatest level of flexibility in an environment with frequent changing priorities required to meet the needs of NC's internal and external customers.
 Demonstrated experience with design and implementation of enhanced financial systems and risk management protocols which allow an organization to manage its portfolio as it grows and diversifies its capital sources and products.
 Strongly self-motivated and able to follow through in completing high-quality, detailed work with minimal supervision.
 Strong organizational skills including ability and willingness to fully follow through.
 Capacity to prioritize and simultaneously manage multiple tasks to meet internal and external deadlines.
 Commitment to community development, helping low income communities, and strong work ethic.
 Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization.
 Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective and concise manner.
 Proficient in Microsoft Office, loan management software programs, e-mail and internet, and willingness to expand skill base.
 Moderate travel within U.S. required (15%-25%)
 Fluent in English.
 Possess valid U.S. driver’s license.

Compensation:

Based on experience

How to Apply:

Please submit a letter of interest, resume, and salary requirements to:

Ollie Fleet
Specialty Consultants Inc.
(412)-355-8200 ext. 2220
(412)-918-2220 direct
(412)-355-0498 fax
ofleet@specialtyconsultants.com

Asset Manager, New Markets Tax Credits Low Income Investment Fund
San Francisco, CA
Job Function: Other
Posted: January 10, 2019

Background:

The Low Income Investment Fund is a national non-profit community development financial institution, with headquarters in San Francisco and offices in Los Angeles, New York and Washington D.C. LIIF builds healthy communities by bridging the gap between private capital markets and low-income neighborhoods. LIIF is a steward for capital invested in affordable housing, childcare, education and other community initiatives.

Position Summary:

POSITION SUMMARY:

The Asset Manager, New Markets Tax Credits (NMTC), is responsible for the overall asset management of a portfolio of transactions which use NMTCs with or without loans to support the development of charter school, community health care, child care, mixed-use and other community facilities. In this function, the Asset Manager with work closely with the Deputy Director of New Markets Tax Credits, the Manager of Asset Management & Underwriting and Chief Credit Officer.

This role will also support LIIF’s organizational-level program and compliance activities for NMTCs, which will require collaboration with various departments within LIIF, including Lending, Finance and the General Counsel as well as external parties outside of LIIF such as NMTC Investors, Borrowers and other Allocatees.

As part of the Lending team, the Asset Manager ultimately works to support the achievement of regional and overall Lending work plan goals and supports the operational effectiveness of LIIF’s NMTC activities.

REPORTING RELATIONSHIPS:

The Asset Manager, NMTC reports to the Manager, NMTCs, with a “dotted line” reporting relationship to the Manager of Asset Management & Underwriting

Responsibilities:

Essential Functions:
NMTC Portfolio Management:

•Loan Monitoring – The Asset Manager is responsible for the ongoing asset management of a portfolio of transactions that utilize LIIF’s NMTC product, including developing a relationship with each borrower and conducting regular loan monitoring reviews. S/he prepares Loan Monitoring Reports for each loan on a regular schedule to review overall asset and credit quality, including performance against original underwriting expectations and ongoing compliance with NMTC program requirements. The Asset Manager is responsible for making recommendations to senior management by integrating and analyzing these data and making judgments on their significance and quality.

•Site Visits – The Asset Manager conducts regular site visits and prepares site visit reports for loans in his/her portfolio in accordance with LIIF’s lending procedures.

•Loan Extensions and Modifications – The Asset Manager will be responsible for any required loan extensions and modifications in his/her portfolio. For loans where the borrower is seeking an extension or modification, the Asset Manager will work closely with the borrower to provide an assessment of the necessity, feasibility and credit-worthiness of such extension or modification, and communicate same with the Manager of NMTCs, Manager of Asset Management & Underwriting and the Chief Credit Officer. The Asset Manager will conduct an analysis of the credit and then make and support a recommendation as to the extension or modification terms and conditions, if an extension or modification is deemed appropriate.

•Non-performing Loans – The Asset Manager will assume responsibility in managing non-performing loans, including but not limited to: conducting site inspections, appraisal reviews, borrower and project financial analyses; participating with the Deputy Director and, in the case of NMTC transactions that include LIIF debt, with the Chief Credit Officer in developing loan restructuring strategies and alternatives; monitoring compliance with loan restructure agreements, and preparing monitoring reports and action plans.

•NMTC Unwinds – The Asset Manager will lead the formal unwind process for his/her NMTC transactions, which occur at the end of the NMTC compliance period. This involves working closely with legal counsel to structure the Unwind, secure internal credit and business approvals, and negotiate the necessary legal documents.

NMTC Program Management

•NMTC Transaction-level Activities: The Asset Manager, NMTC, working closely with the other members of the NMTC team, leads LIIF’s reporting efforts to the CDFI Fund. This includes management of LIIF’s NMTC-related IT system, engaging with CDFI Fund compliance staff, and leading the completion of LIIF’s annual transaction-level reporting to the CDFI Fund. This will involve collaboration with other NMTC Allocatees on impact data. Additionally, s/he may be asked to assist with closing documentation including: Community Benefits Agreements and Multi-CDE Agreements.

Customer Service: The Asset Manager will maintain a positive and professional relationship with LIIF’s internal associates as well as external customers and business partners (which include third party lenders, attorneys, NMTC Investors or other Allocatees) by both initiating and responding promptly to any and all requests in a responsive, consistent, and accurate manner.

Other Functions:

Additional job duties as assigned.

Requirements:

SKILLS REQUIRED:

The ideal candidate for this position will have these key qualifications:
•Two or more years of experience in real estate-based lending and/or business lending, including borrower contact, credit analysis, due diligence and loan documentation;
•Proficiency in analyzing financial statements of for-profit and nonprofit organizations and their real estate operations (in particular, rental housing and community facilities occupied by a single tenant). Familiarity with basic accounting principles including the ability to translate cash to accrual accounting and vice versa.
•Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities (e.g., child care centers, educational programs, health clinics, etc.)
•Working experience with both private sector financial institutions and public agencies
•Basic familiarity with business law concepts including contracts, loan collateral, uniform commercial code, creditors' rights and forms of business organization and sufficient knowledge to review and negotiate loan documents.
•Proficiency with Microsoft Office Suite Programs, and other database software
•Excellent skills in managing multiple tasks requiring strong attention to detail
•Experience with New Markets Tax Credits a plus

EDUCATIONAL AND OTHER REQUIREMENTS:

Educational background should include a bachelor’s degree; an advanced degree is a plus. In addition, the position requires a high degree of self-motivation, dedication, creativity, and perseverance; flexibility with time and willingness to accept a demanding (and personally satisfying) position. Excellent teamwork and strong time management skills are essential. Travel is required, and candidates must have a valid driver’s license.

Location: San Francisco, CA; Los Angeles, CA; New York, NY; or Washington D.C.

Compensation:

$70,000 to $ 90,000

How to Apply:

If you are interested in applying to the Low Income Investment Fund, please mail or e-mail cover letter and resume to:

Low Income Investment Fund
Attn. Human Resources
50 California St., Suite 2900
San Francisco, CA 94111
E: careers@liifund.org

Executive Director Charleston LDC
Charleston, SC
Job Function: Other
Posted: January 10, 2019

Background:

Charleston LDC was established in 1979 with an initial focus on business and the revitalization of commercial areas within the City of Charleston. In the early 1990s, the organization became an SBA Microlender and began its territorial expansion as need was determined. The LDC has been an independent, non-profit, federally certified Community Development Financial Institution (CDFI) since 2001 and later was certified as a state CDFI that serves many counties in South Carolina. For more information about the organization, visit https://Charlestonldc.com.

Over its history, the LDC has accomplished its mission with internal underwriting, local credit decision-making, in-house servicing, and long-standing partnerships it has forged with the local lending community, its funding and technical assistance partners, other community resources, and the on-going relationships with its current and former borrowers. As a result, the organization has assisted hundreds of businesses and impacted thousands of employment opportunities.

The organization is in a very strong financial position for a new executive to make a real impact in expanding the availability of loan dollars for small businesses and entrepreneurs in South Carolina. At the end of 2017, the LDC had assets of just under $33M, and an operating budget of approximately $1M, with most revenue coming from interest and fee income. LDC is governed by a 14 person Board of Directors, representing several of the major bank lenders in the city, as well as previous borrowers, accountants, attorneys and other professionals who work in the field. The work is carried out by a small staff of seven, including the Executive Director, two lenders, a finance director, a compliance specialist, a business coach and an administrative assistant.

Position Summary:

The Executive Director is the chief staff member and LDC’s primary liaison to borrowers, investors, private and public funding sources, financial institutions, community organizations, and the media. S/he insures that the mission is clearly stated and understood by the staff and the Board; that all programs and policies are in concert with the organization’s mission; and the mission is updated, as conditions change.

Responsibilities:

The ED is ultimately responsible for management and program operations, hires and supervises staff, interfaces with staff in specific program areas, manages the Board and its committees and supervises consultants, when necessary. To achieve all of that, he/she must provide commitment, credibility and passion for the mission of the organization.

Requirements:

The ideal candidate will demonstrate the following professional qualifications:
• At least 8 years of professional business finance experience, preferably with non-profit organization(s);
• At least 8 years of lending experience with a general understanding of community development finance tools and processes, including experience with acquisition and line of credit financing;
• Demonstrated broad knowledge of within the micro and small business lending field;
• At least 8 years of executive level management experience, ideally including some experience with a community development financial institution;
• Demonstrated entrepreneurial aptitude to successfully manage organizational growth;
• Proven track record of raising investment capital and operating support;
• Demonstrated ability to negotiate effectively and form partnerships with both private and public sector financing entities;
• Demonstrated record of successful financial management, including P&L responsibilities;
• Outstanding skills in oral and written communication;
• Demonstrated strong strategic planning and financial analytical skills;
• Graduate degree in business, finance or other related field is preferred. At least 10 years of professional experience in banking or other community lending may substitute for an advanced degree.

Compensation:

The position has a competitive salary commensurate with experience, and a broad range of benefits.

How to Apply:

For more information, or to apply, contact David Erickson-Pearson at Erickson-Pearson Search, epdavid@earthlink.net; 303-703-6165. To apply, send resume, cover letter and salary requirements to epdavid@earthlink.net.

Accounting Manager Greater Minnesota Housing Fund
St. Paul, MN
Job Function: Accounting
Posted: January 8, 2019

Background:

Greater Minnesota Housing Fund (GMHF) is Minnesota’s leading nonprofit affordable housing lender. More than just a lender, GMHF is known for its innovation and its creative approaches to Minnesota’s affordable housing challenges.

GMHF is Minnesota's largest certified community development finance institution (CDFI) serving housing development organizations, local governments and builders & developers with loans & grants, permanent financing, tax credit equity, technical assistance, research and policy analysis. Concentrations in affordable rental housing, home ownership, sustainable development, supportive housing with services, housing preservation, neighborhood revitalization, and the preservation of naturally occurring affordable housing. Minnesota Equity Fund (MEF) is GMHF's low income housing tax credit syndication subsidiary capitalized with $50 million in initial investor equity. MEF invests in affordable multifamily housing developments in Minnesota and other states. NOAH Impact Fund (NOAH) is GMHF’s naturally occurring affordable housing subsidiary. NOAH targets rental properties at risk of conversion to higher rents and the threat of displacement of low- and moderate-income residents.

GMHF is certified by the Department of Treasury as a Community Development Financial Institution (CDFI), and is a 501(c)(3) nonprofit organization founded in 1996 to address the affordable housing needs of Minnesota’s under-served areas including cities, towns, rural areas, and tribal nations. GMHF is rated Four-Star, AA Policy Plus by Aeris and is a member of the Federal Home Loan Bank of Des Moines.

Position Summary:

Greater Minnesota Housing Fund (GMHF) is looking for a great addition to our Finance Team to own the accounting process including monthly close, accounts receivable/payable, financial reporting and cash management. Reporting directly to GMHF’s CFO, the position has the opportunity to make a positive impact within the company and community, and gain the breadth and depth of experiences that can only be obtained from working in a small, fast growing company.

The ideal candidate should have 3-5 years full-time accounting experience and be intellectually curious and excited to find efficiencies in day-to-day tasks.

Responsibilities:

• Accounting & Financial Reporting
o Monthly close process including monthly account reconciliations
o Budgeting / forecasting
o Cash management / bank deposits
o Business line accounting, reporting and entity consolidation
o Accounts Payable
o Financial reporting for Management, Board, and Investors/Funders
o Financial audit support
• Accounting procedures maintenance and improvement
• Loan Servicing – invoicing and pay-offs
• Financial modeling and analysis in support of CFO
• Payroll Processing
• Other duties as assigned

Requirements:

• 3-5 years’ experience in accounting/finance
• Intellectual curiosity and desire to continuously improve
• Strong sense of accountability / ownership
• Organizational and self-management skills
• Advanced Excel experience
• General ledger ownership
• Public accounting experience preferred
• Understanding of not-for-profit or loan accounting a plus
• Bachelor’s degree required

Compensation:

Negotiable

How to Apply:

Please send your resume and cover letter to Alexis Lancaster, Executive Assistant, alancaster@gmhf.com

Loan Closing Officer Chicago Community Loan Fund
Chicago, IL
Job Function: Lending/Loan Operations
Posted: January 8, 2019

Background:

The mission of the Chicago Community Loan Fund is to provide flexible, affordable and responsible financing and technical assistance for community stabilization and development initiatives that benefit low- to moderate-income neighborhoods, families and individuals throughout metropolitan Chicago.

Position Summary:

The Loan Closing Officer coordinates, monitors, and facilitates loan closings. The position supports the work of the Lending and Portfolio Management Teams. The position involves direct contact with our service agencies as well as borrowers and clients.

Responsibilities:

• Manage all aspects of the loan closing process
• Assist with coordinating transitions between the loan origination and underwriting, approval and commitment, closing and loan activation
• Review credit files prepared by lenders, loan committee approvals and meeting minutes, and other related documents in preparation for closing, checking for file completeness and approval condition requirements
• Assist lenders in the preparation of commitment documentation
• Prepare requests for CCLF legal representation and obtain proper retainer acknowledgements
• Schedule loan closing dates in coordination with all involved parties while maintaining communication between CCLF staff, borrowers, attorneys and third-party vendors
• Prepare closing packages, including checklist, and disbursement request and funding directions
• Ensure that all required documents are obtained pre- and post-closing and appropriately filed and maintained for safekeeping by CCLF
• Audits the loan account set-up in the portfolio management software system (coordinate with the lender to assure that the credit file is complete prior to loan activation)
• Process the collections and payment of fees to CCLF and vendors as required post-closing
• Coordinate and oversee the preparation of loan documentation for staff level credit approvals made without legal counsel
• Assist with the ongoing monitoring and management of loan collateral and security, including insurance coverage, bi-annual real estate tax payments, UCC filings, deposit account verifications, etc.
• Other tasks as needed and assigned

Requirements:

• 3-5 years previous experience in lending, real estate closing and/or community development finance environment(s)
• Superior attention to detail and accuracy
• Outstanding oral and written communications skills
• Strong qualitative analytical skills and quantitative ability
• Proficiency with Microsoft suite, including Access or other database software
• Ability to organize and handle multiple priorities simultaneously
• Ability to set, manage, monitor and achieve completion of project and closing deadlines
• Demonstrated creativity and independence with regard to project management and problem-solving abilities
• Strong critical thinking and decision making skills
• Ability to work effectively in a highly collaborative team work environment
• Ability to effectively train and assist other staff members
• Solid working knowledge of general business practices
• Professional attitude and presentation
• Knowledge of the CDFI industry

Minimum educational requirement: Bachelors degree in business, real estate or a related field. Paralegal training is highly desired, but not required.

Compensation:

We offer a competitive compensation and benefits package.

How to Apply:

Please send resume to jobs@cclfchicago.org. No phone calls please.

Branch or Branch-Area Manager - Los Angeles Self-Help Federal Credit Union
Los Angeles, CA
Job Function: Financial Services
Posted: January 7, 2019

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, and 1 branch in Wisconsin, over $1 billion 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, color, class, age, religion, disability that can be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, religion (and lack thereof), family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition and/or disability: physical or mental, AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, political activities or affiliations, and veteran status.

Position Summary:

Self-Help Federal Credit Union (SHFCU), a nationally recognized non-profit community development financial institution, is seeking a hands-on leader to open a de novo branch in Los Angeles. This is an exciting opportunity for an experienced manager to join a leader in community development finance on the ground floor of launching an entirely new branch in Los Angeles to expand our impact serving low-income and underserved communities.

The successful candidate will manage the entire process of launching the de novo branch, from supporting the location search and overseeing the build-out, to building relationships in the surrounding community and hiring branch staff. Once the branch is operational, the manager will be responsible for leading the day-to-day operations of the branch, including cascading our mission and values; attaining performance goals and objectives; and ensuring excellent member service.

For the right candidate with significant previous experience, this role may expand from that of a Branch Manager to that of a Branch/Area Manager. A Branch/Area Manager would both manage the de novo branch, and oversee the operations of additional, existing Southern California branch locations.

Responsibilities:

Responsibilities Include:
• Launching a de novo branch:
o Supporting the search for the de novo branch location and overseeing the branch build out, with support from our facilities and real estate development teams;
o Developing relationships with local nonprofit organizations, businesses, and elected officials to raise awareness of, and build the membership and depositor base of, the de novo; and
o Effectively hiring and managing branch staff, with a focus on staff training and development.
• Once the de novo is operational, day-to-day responsibilities leading the branch include:
o Building and implementing strategic priorities and goals for the branch;
o Achieving branch goals; including member, deposit, and lending growth, and other goals as agreed;
o Managing branch outreach and business development, including building a local Advisory Board, and assisting/coaching other branch staff to contribute effectively;
o Ensuring adherence to operating policies and procedures; and excellence in operational metrics and member service;
o Serving as a steward of Self-Help’s culture and values, reinforcing our mission and values in the branch each day;
o Fully understanding all branch operations, effectively coaching staff and filling in when necessary;
o Generally overseeing branch facilities and equipment; and
o Performing other duties and projects as assigned.

Requirements:

Requirements:
• Strong commitment to our mission –creating economic opportunity for traditionally underserved communities– and a desire to work actively in such communities;
• Strong cultural competency and a preference for working in organizations that value diversity, teamwork and collaboration;
• Demonstrated capacity to successfully lead business activities, build relationships and manage staff;
• A minimum of 6-8 years of relevant work experience, including successive management/supervisory responsibilities;
• Experience involving customer service, selling, business development and/or operations; banking or credit union experience strongly preferred but not required;
• Strong communication skills, verbal and written – including good listening skills;
• Spanish language or other non-English language fluency preferred;
• Strong computer skills and aptitude, with knowledge of Microsoft Office (Word, Excel, and PowerPoint) and banking, credit union or Point of Sale software preferred;
• Established network among community organizations, elected officials, and foundations an added plus.

Compensation:

Compensation:
Competitive salary, based on experience, plus a generous benefits package that includes health, dental, life insurance, flexible spending plan, retirement plan, paid parental leave, and domestic partners policy.

How to Apply:

Please apply to our Human Resources Department:
Interested individuals, please send a resume and cover letter to cahiringmanager@self-helpfcu.org with “Branch Manager, Los Angeles” or “Branch/Area Manager, Los Angeles” in the subject line of your message. The position will remain posted until filled.

Branch or Branch-Area Manager - San Diego Self-Help Federal Credit Union
San Diego, CA
Job Function: Financial Services
Posted: January 7, 2019

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, and 1 branch in Wisconsin, over $1 billion 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, color, class, age, religion, disability that can be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, religion (and lack thereof), family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition and/or disability: physical or mental, AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, political activities or affiliations, and veteran status.

Position Summary:

Self-Help Federal Credit Union (SHFCU), a nationally recognized non-profit community development financial institution, is seeking a hands-on leader to manage our presence in San Diego. This is an exciting opportunity for an experienced manager to join a leader in community development finance to expand our impact serving low-income and underserved communities. The successful candidate will be responsible for leading the day-to-day operations of the branch, including cascading our mission and values; attaining performance goals and objectives; and ensuring excellent member service. For the right candidate with significant previous experience, this role may expand from that of a Branch Manager to that of a Branch/Area Manager.

Responsibilities:

Responsibilities Include:
• Building and implementing strategic priorities and goals for the branch;
• Effectively hire and manage branch staff, with a focus on staff training and development;
• Achieving branch goals; including member, deposit, and lending growth, and other goals as agreed;
• Managing branch outreach and business development, including facilitating monthly meetings of the San Diego Advisory Board, and assisting/coaching other branch staff to contribute effectively;
• Ensuring adherence to operating policies and procedures; and excellence in operational metrics and member service;
• Serving as a steward of Self-Help’s culture and values, reinforcing our mission and values in the branch each day;
• Fully understanding all branch operations, effectively coaching staff and filling in when necessary;
• Generally overseeing branch facilities and equipment; and
• Performing other duties and projects as assigned.

Requirements:

Requirements:
• Strong commitment to our mission –creating economic opportunity for traditionally underserved communities– and a desire to work actively in such communities;
• Strong cultural competency and a preference for working in organizations that value diversity, teamwork and collaboration;
• Demonstrated capacity to successfully lead business activities, build relationships and manage staff;
• A minimum of 6-8 years of relevant work experience, including successive management/supervisory responsibilities;
• Experience involving customer service, selling, business development and/or operations; with banking or credit union experience strongly preferred but not required;
• Strong communication skills, verbal and written – including good listening skills;
• Spanish language or other non-English language fluency preferred;
• Strong computer skills and aptitude, with knowledge of Microsoft Office (Word, Excel, and PowerPoint) and banking, credit union or Point of Sale software preferred;
• Established network among community organizations, elected officials, and funders an added plus.

Compensation:

Compensation:
Competitive salary, based on experience, plus a generous benefits package that includes health, dental, life insurance, flexible spending plan, retirement plan, paid parental leave, and domestic partners policy.

How to Apply:

Please apply to our Human Resources Department:
Interested individuals, please send a resume and cover letter to cahiringmanager@self-helpfcu.org with “Branch Manager, San Diego” or “Branch/Area Manager, San Diego” in the subject line of your message. The position will remain posted until filled.

Remote Member Services Team Lead Self-Help Federal Credit Union
Oakland, CA
Job Function: Financial Services
Posted: January 7, 2019

Background:

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 17 branches in California, 9 branches in Illinois, and 1 branch in Wisconsin, approximately $1.1 billion in assets, and serving more than 79,000 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.

Position Summary:

Self-Help Federal Credit Union (SHFCU), a non-profit community development financial institution, is looking for a strong candidate to lead our Remote Member Service Channels, Online Banking, Mobile, ATM and Contact Center. This is a unique opportunity for an experienced leader to join a national leader in community development finance to help continue the expansion of its impact serving low-income and otherwise underserved communities. We believe there is an incredible opportunity to expand our remote member services to provide financial services to low-moderate income and immigrant families in the communities we serve.

Responsibilities:

• Plans, direct and implement online banking, Mobile, ATM and Contact Center strategy and strategic thinking. Through effective leadership, owns, evolves and continuously improves the credit union’s remote member channel delivery. Defines the strategic priorities and initiatives to deliver a dynamic member experience that aligns with our mission and vision.
• Collaborates with senior management and executes the strategic direction, focusing on consistent content, member experience and production. Complies with all applicable laws, rules and regulations, as well as mitigates risk.
• Partner with IT and Marketing to collaborate, build and execute digital marketing strategy.
• Serve as the in-house expert for remote member channel delivery. Leads, creates, track measure and improve remote member channel delivery performance as measured by member adoption and member satisfaction, Contact Center, ATM performance, driving online and mobile channel adoption, usage and penetration.
• Leads cross-functional project teams and initiatives to continuously enhance the remote channel functionality by developing frameworks, driving initiatives and ensuring accountability for results.
• Recruits, professionally develops, motivates and retains a team of high performing, results-oriented and member-focused staff. Provide leadership and support the team to meet and exceed goals. Identifies gaps and innovates/adjusts as needs arise.
• Stays updated on emerging technologies, service and operational trends. Focuses on the long-term direction of our channel delivery. Ensures compliance and maximum efficiency in implementing and maintaining policies and procedures.
• Participates in civic and community activities to enhance the credit union’s image and visibility, as well as reinforce the credit union’s commitment to the communities we serve.

Requirements:

• Strong commitment to our mission – creating economic opportunity for traditionally underserved communities.
• Strong cultural competence and a preference for working in an organization that places priority on diversity, inclusion, teamwork and collaboration.
• Preference for working in organizations that place priority on teamwork and collaboration
• BS/BA in Business Administration, Finance or related field or equivalent experience.
• Minimum 6 years of experience in financial services technology or management.
• Minimum 3 years of ecommerce experience.
• Strong decision-making skills and an understanding of where projects fit into overall company and development strategies.
• Experience shaping digital service portfolio and developing channel strategies that deliver significant business benefits.
• Knowledge and understanding of ATM, contact center, digital financial delivery systems, digital channel performance metrics, listening tools, and methodologies.
• In-depth knowledge of applicable laws and regulations regarding channel delivery processes and procedures.
• Strong understanding of the business with the ability to perform analysis and function in a goal-oriented, outcome-based atmosphere.
• Strong communication and interpersonal skills to work effectively with all levels of credit union staff, members, community, and regulatory agency representatives.
• Experience in leadership, performance management, and staff development for career enhancement where applicable.
• Ability to effectively work with, and coordinate the use of, internal and external vendors & consultants relative to these digital channel delivery.
• Advanced analytical and problem-solving skills.
• Ability to successfully tailor communications according to the audience. Ability to prepare and effectively facilitate presentations.
• Ability to exercise judgment, initiative and tact in dealing with others.
• Sound understanding of financial products and services.

Compensation:

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

How to Apply:

Please apply to our Human Resources Department:
Interested individuals please send a resume and cover letter to cahiringmanager@self-helpfcu.org and reference this job, “Remote Member Service – Team Lead” in the subject line of your message.

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