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  • Make an impact and join the opportunity finance field.

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

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

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

Vice President, Business Development Cinnaire Corporation
Wilmington, DE
Job Function: Business Development
Posted: July 12, 2019

Background:

Cinnaire provides solutions and support to partners through a dedicated full-service approach. Our progressive approach and loyal, experienced and knowledgeable staff create opportunities and provide access to funding and resources that advance community and economic development efforts. Building upon our exceptional track record, our responsible financial investment strategies, lending options and value-added services enable investors to advance business and community endeavors.

Position Summary:

The Vice President, Business Development (VPBD) is responsible for executing Cinnaire’s business development strategy within a defined geographic location to improve the quality of life for the residents within this footprint. The VPBD identifies business opportunities, markets Cinnaire’s full range of products and services, negotiates business terms, and secures commitments. The VPBD is responsible for developing and managing relationships with key clients and partners and working collaboratively to achieve common goals.

Responsibilities:

- Analyze market needs and identify opportunities for Cinnaire to deploy its products in support of Cinnaire’s mission.
- Build relationships with real estate developers, public officials and staff, and non-profit and private sector partners to identify needs and business opportunities.
- Request project information, and perform and submit initial analysis of equity and loan transactions.
- Work with the Analyst, and Underwriting and Business Funding teams as transactions are modeled, priced, and terms finalized, working to ensure timely response to client.
- Work with the Analyst and Underwriting team to prepare letters of intent for business clients.
- Negotiate business terms with client, consulting with Underwriting and adhering to internal authorities of delegation.
- Secure signed commitments from clients on letters of intent and transfer to Underwriting.
- Maintain overall relationship management of client throughout life cycle of the transaction.
- Perform work necessary to achieve annual business goals, and track progress against goals.
- Attend conferences, seminars and public events to maintain relationships, build new relationships and gain industry knowledge.
- Speak on conference panels and at public meetings to raise awareness of Cinnaire and our products and services.
- Join associations and boards and identify sponsorship opportunities as determined necessary to carry out the goals of the position and Cinnaire’s mission.
- Maintain deep knowledge of real estate market dynamics, competition, Cinnaire product parameters, policy developments and industry trends.
- Physical requirements include driving and walking.

Requirements:

- Bachelor’s degree of equivalent experience required; Master’s degree preferred.
- Seven or more years of progressive related work experience.
- Deep knowledge of real estate market dynamics and fundamentals.
- Previous experience working with affordable housing and community development products and programs including LIHTC, Fannie Mae and FHA multifamily products. Experience with NMTC, HOME,
CDBG and AHP is a plus.
- Travel Required 30-40%

Compensation:

Commensurate with experience and market

How to Apply:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....

Controller RSF Social Finance
SAN FRANCISCO, CA
Job Function: Accounting
Posted: July 11, 2019

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 35 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:

Position Summary:
RSF Social Finance is seeking a full time Controller. The Controller will report to the CFO and manages the operations of the Accounting Department for RSF and its related companies. This role has responsibility for ensuring that accurate and timely financial information is available to Management, the Board, and the external auditors and that information is prepared in accordance with legal requirements. The Controller is responsible for management of the accounting team where the number of direct reports will vary based on the needs of the organization.

Responsibilities:

Responsibilities:
Accounting

Ensure internal controls are adequate
Respond to inquiries by audit committee and external auditors
Support investments and cash management
Develop and monitor budgets
Supervise the accounting team operations to ensure the accurate and timely recording of and reporting of all financial transactions of RSF and its related companies, in compliance with all applicable regulatory and legal rules and regulations for nonprofits designated as IRS 501(c)(3) organizations.
Produce monthly information to ensure that the Board and team managers are informed about the financial performance of the organization.
Design and record the internal control systems related to accounting across the organization. Work with the external and internal auditors and other managers as required to review and test control processes.
Prepare the Operating budget for RSF departments and ensuring the budget is correctly recorded.
Support the management or cash-flow across the group companies and ensuring those operations are adequately funded and all liabilities can be met as they fall due.
Manage entry and payment of client quarterly standing instructions
Work with individuals throughout the organization to ensure that quarterly and annual reporting is prepared within agreed deadlines.
Provide input to ensure accounting systems and processes are designed and implemented as required for new RSF initiatives and providing advice as required to managers regarding accounting implications of their activities.
Work with Information Systems Team and CFO to ensure the ongoing development of the accounting systems and their reporting capability.
Support quarter end statement production process as required.
Perform additional duties as assigned by the CFO that are within the scope of currently assigned duties and the incumbent’s related work experience.

Requirements:

Knowledge, Skills, and Abilities

Certified Public Accountant
Minimum of ten years of accounting experience in a financial institution, with at least five years of supervisory experience.
History of progressive responsibility in financial management and analysis in a multiple entity environment
Experience in accounting and reporting methods appropriate to nonprofit organizations.
Cash/banking relationship management experience.
Thorough understanding of GAAP, be an effective problem-solver, and be able to communicate complex accounting issues in lay terms.
Strengths in detailed work requiring attention and diligence
Excellent written and verbal communication skills
Methodical, systematic and efficient approach to tasks
Loan accounting experience
Advanced Excel skills
NetSuite and/or Sage Intacct systems knowledge a plus
Basic understanding of Salesforce preferred
Experience with Accounting systems upgrades/changes

Compensation:

Compensation & Benefits:

The expected initial salary for this position is expected to be in the $140-180k range depending on experience. Other benefits include:

A fulfilling work environment at a supportive and entrepreneurially-driven organization
A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
Very generous vacation and sick leave benefits plus nine paid holidays per year
403(b) plan with employer-paid contributions after one year of employment
Exposure to innovative ideas, projects, and collaborative staff activities
Access to numerous professional development opportunities

How to Apply:

Application Instructions:

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 “Controller”.

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

Applications will be accepted on a rolling basis.

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

Controller RSF Social Finance
SAN FRANCISCO, CA
Job Function: Accounting
Posted: July 11, 2019

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 35 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:

Position Summary:
RSF Social Finance is seeking a full time Controller. The Controller will report to the CFO and manages the operations of the Accounting Department for RSF and its related companies. This role has responsibility for ensuring that accurate and timely financial information is available to Management, the Board, and the external auditors and that information is prepared in accordance with legal requirements. The Controller is responsible for management of the accounting team where the number of direct reports will vary based on the needs of the organization.

Responsibilities:

Responsibilities:
Accounting

Ensure internal controls are adequate
Respond to inquiries by audit committee and external auditors
Support investments and cash management
Develop and monitor budgets
Supervise the accounting team operations to ensure the accurate and timely recording of and reporting of all financial transactions of RSF and its related companies, in compliance with all applicable regulatory and legal rules and regulations for nonprofits designated as IRS 501(c)(3) organizations.
Produce monthly information to ensure that the Board and team managers are informed about the financial performance of the organization.
Design and record the internal control systems related to accounting across the organization. Work with the external and internal auditors and other managers as required to review and test control processes.
Prepare the Operating budget for RSF departments and ensuring the budget is correctly recorded.
Support the management or cash-flow across the group companies and ensuring those operations are adequately funded and all liabilities can be met as they fall due.
Manage entry and payment of client quarterly standing instructions
Work with individuals throughout the organization to ensure that quarterly and annual reporting is prepared within agreed deadlines.
Provide input to ensure accounting systems and processes are designed and implemented as required for new RSF initiatives and providing advice as required to managers regarding accounting implications of their activities.
Work with Information Systems Team and CFO to ensure the ongoing development of the accounting systems and their reporting capability.
Support quarter end statement production process as required.
Perform additional duties as assigned by the CFO that are within the scope of currently assigned duties and the incumbent’s related work experience.

Requirements:

Knowledge, Skills, and Abilities

Certified Public Accountant
Minimum of ten years of accounting experience in a financial institution, with at least five years of supervisory experience.
History of progressive responsibility in financial management and analysis in a multiple entity environment
Experience in accounting and reporting methods appropriate to nonprofit organizations.
Cash/banking relationship management experience.
Thorough understanding of GAAP, be an effective problem-solver, and be able to communicate complex accounting issues in lay terms.
Strengths in detailed work requiring attention and diligence
Excellent written and verbal communication skills
Methodical, systematic and efficient approach to tasks
Loan accounting experience
Advanced Excel skills
NetSuite and/or Sage Intacct systems knowledge a plus
Basic understanding of Salesforce preferred
Experience with Accounting systems upgrades/changes

Compensation:

Compensation & Benefits:

The expected initial salary for this position is expected to be in the $140-180k range depending on experience. Other benefits include:

A fulfilling work environment at a supportive and entrepreneurially-driven organization
A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
Very generous vacation and sick leave benefits plus nine paid holidays per year
403(b) plan with employer-paid contributions after one year of employment
Exposure to innovative ideas, projects, and collaborative staff activities
Access to numerous professional development opportunities

How to Apply:

Application Instructions:

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 “Controller”.

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

Applications will be accepted on a rolling basis.

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

Executive Director Center for Neighborhoods
Louisville, KY
Job Function: Administrative/Operations/IT
Posted: July 10, 2019

Background:

For over 45 years, Center For Neighborhoods (CFN) has supported and empowered neighborhoods to create stronger and more vibrant communities using an asset based community development philosophy. We work in relationship driven neighborhood engagement, leadership development education, and community based planning and design, along with a focus on community development, creating a sense of place, and improving the built environment. CFN envisions a Louisville community of unique neighborhoods led by engaged neighbors creating places that provide a high quality of life and equitable access to opportunity for all people.

Position Summary:

With enthusiastic support from Louisville’s largest foundations, leading philanthropists and the Mayor’s office, the Center For Neighborhoods is seeking a motivated, skilled Executive Director with experience in nonprofit administration and grassroots community planning and development. We are seeking someone to lead the organization into its next chapter of growth through the implementation of a newly adopted strategic plan – a visionary leader to inspire and motivate community organizers and neighbors to come together for a better Louisville.

Responsibilities:

Specifically the New, Full-time Executive Director will . . .
• Represent the organization at public meetings and events; and initiate and strengthen partnerships and external relationships in the private and public sector
• Manage execution of the strategic plan; research and evaluate program development opportunities;
and develop and oversee needed policies and procedures for governance
• Work with the Development Director and Board Chair to develop and manage a fundraising plan and
assist in cultivating and soliciting gifts and grants while focusing on expansion of unrestricted funding
sources and new revenue opportunities
• Working with Program staff, contractors and volunteers, develop outcome measures and evaluation
for programs; and provide direct support to program team
• Manage and motivate staff to accomplish goals in a team environment; recruit staff, interns and volunteers to assist in program work; and develop individual work programs, conduct annual staff evaluations and set performance measures for future work
• Develop agendas and fiscal reports for monthly board meetings; provide support to the Board and Committees; and support the recruitment of new Board and Committee Members
• Monitor this $900,000 organization’s fiscal operations, including developing and administrating an annual budget while fostering a culture of fiscal responsibility

Requirements:

Required: The Executive Director must have had Experience with . . .
• Building collaborative and relationship driven community development
• Working in or with Community Development Corporations (CDC)
• Fundraising experience, including relationship cultivation, major gift solicitation and stewardship
• Staff supervision including leadership, communication and team building skills
• Working with and supporting the success of nonprofit Boards and volunteer leaders
• Developing and implementing strategic objectives to grow an organization

And has the Following Qualifications . . .
• Understanding of the nature and purpose of CFN with a strong commitment to the CFN mission;
• Ability to relate effectively to diverse groups of people from all social and economic segments of the community; track-record of building authentic, constructive relationships and collaborations
• Bachelors degree (Masters degree preferred); education in Urban Planning, Public or Business Administration, Nonprofit Management, or similar fields a plus
• 5+ years of administrative supervisory experience required with experience in a nonprofit preferred.
• Strong written and verbal communications skills with professional presentation, social media, and philanthropic marketing skills in particular.

Compensation:

Commensurate with experience; anticipated range is in the $70,000s

How to Apply:

hr@ashleyrountree.com

Executive Director California Community Economic Development Association (CCEDA)
Los Angeles, CA
Job Function: Other
Posted: July 10, 2019

Background:

The California Community Economic Development Association (CCEDA) is a statewide 501(c)3 membership organization of nonprofit community-based organizations and practitioners who are committed to economic change in California’s disadvantaged communities. CCEDA's membership is comprised of individuals and organizations actively engaged in revitalizing California's neighborhoods, including resident-driven community development corporations, local governments, community action agencies and faith-based institutions. CCEDA members produce housing, retail, and commercial projects, and provide business assistance and lending, social services, and job training and creation. CCEDA provides both its members and other organizations with a clearinghouse for information and action that advances the field of community economic development through training and continuing education, technical assistance, consulting and advocacy on public policy.

CCEDA's programs directly support practitioners representing locally-based community economic development organizations that specifically serve low- and moderate-income individuals and families. Nearly 100% of CCEDA's end user clients live at 80% of area median income or lower. CCEDA targets its work to some of the most economically disadvantaged regions throughout California, including Fresno, Kern, and Los Angeles counties, rural/border regions, and reservation lands in the West. Through its network of community-based partners, CCEDA assists on a range of projects that alleviate poverty and revitalize underserved communities.

Incorporated in 1989, CCEDA has a membership base of approximately 65 organizations and practitioners across the state of California, a staff of four, and a nine-member Board of Directors with an annual budget of approximately $700,000. Its headquarters are in Los Angeles, CA. Major program areas include:

• Project-based technical assistance and training to CED organizations serving low- and moderate-income communities, families and individuals, with a focus on maximizing local and national CED resources in sectors such as fresh food, entrepreneurship, affordable housing and community facilities, including facilities for the homeless. Among other value-added roles, CCEDA’s support assists organizations to successfully navigate critical steps in the real estate development process.
• Convening and facilitation of both CCEDA members and the wider CED community to share best practices and build partnerships, including an annual Teaching and Learning Statewide conference of CED leaders and practitioners and local and regional workshops across the state.
• Policy, advocacy and research on cutting-edge trends, legislation and opportunities in the CED field, with a goal to advance the CED ecosystem across California and position CED practitioners to take advantage of opportunities at the state and federal levels.

Position Summary:

Reporting to the Board of Directors, the CCEDA Executive Director is a leader of and voice for the community economic development field in California. The Executive Director is the principal spokesperson on behalf of the organization, responsible for planning, administration, policy development, training and technical assistance oversight, research and program development, fundraising and other duties as required. The Executive Director manages three staff – the Director of Training and Development, the Programs and Operations Coordinator, and the Administrative Assistant. The Executive Director also assists in the development and implementation of organizational goals established by the Board of Directors.

Responsibilities:

Essential Duties and Responsibilities

The Executive Director is responsible for all of CCEDA’s services and activities, including implementation of CCEDA’s core strategies.

• Public Policy, Representation and Public Relations. Working with the Board of Directors, the Executive Director is responsible for implementing an overall public policy strategy, as articulated by the CCEDA Board and membership to advance the CED sector in California.
o Represents CCEDA and facilitates membership involvement before state boards and committees, and in state and national CED networks.
o Advocates for community and economic development in California with specific involvement at the state level in Sacramento.
o Coordinates with other state and national CED and related groups.
o Monitors federal legislation.
• Resource Development. The Executive Director will identify and develop resources, both public and private, to support CCEDA’s goals and objectives.
o Develops, writes or oversees the writing of, and manages (and in some cases directly implements) grants, establishes partnerships and secures sufficient financial resources to operate the association and its programs.
o Advocates for expanding the resource base for CED programs in the public and private sectors of the state.
• Membership Services. The Executive Director is responsible for CCEDA membership recruitment and cultivation, including the oversight of member services such as the CCEDA newsletter, member directories and coordination of annual conferences.
o Facilitates the exchange of information among and between members and agencies, including professional referrals.
o Ensures that CCEDA continues to add value to its member organizations, resulting in the cultivation of new members and retention of existing membership.
• Consulting, Training and Program Development and Implementation. The Executive Director is responsible for the development of a variety of consulting, training, and technical assistance programs targeted to CED organizations and individual practitioners.
o Holds knowledge about the consulting and training needs of and resources for the CED field.
o Stays current with CED funding sources, innovations, approaches, and techniques.
• Management. The Executive Director manages CCEDA staff and is responsible for oversight of CCEDA’s budget, program reporting, grants management, office management and other administrative activities.

In collaboration with the Board of Directors, the incoming Executive Director will focus on the following priorities in his/her first 12-18 months:
• Development of a strategic plan that includes clarity on relative weight and priorities in programs, advocacy and membership focus
• Board development, including Board recruitment
• External relationship management, including transition of relationships from a long-standing Executive Director
• Development of a policy agenda
In the first 12-18 months, the Executive Director will also review and implement improvements to internal systems and processes to enable CCEDA to advance its mission.
This position requires approximately 15-20% travel (local, statewide and out of the area).

Requirements:

The successful candidate will have the following attributes, skills and experience:

Attributes and Skills

• Comprehensive knowledge of economic and community development issues, principles and techniques, including state and federal policies and programs
• Strong communication abilities – able to express positions and effectively communicate both in writing and orally, including in public settings and in policy and advocacy arenas.
• Outstanding interpersonal skills and an ability to build positive working relationships with CCEDA members, partners, consultants, public-sector leaders locally and at the state level, funders and community members.
• Demonstrated track record and commitment to work effectively with culturally, geographically and ethnically diverse communities, such as the communities served by CCEDA members.
• Strong demonstrated fundraising ability garnering program resources from state and federal agencies, foundations, corporations, financial institutions, and intermediaries.
• Solid background in non-profit leadership, management, budget oversight and supervisory experience.
• Demonstrated experience successfully completing time-sensitive and/or high-profile projects through collaboration, consensus and creativity.
• Goal-oriented thinker who can set clear priorities among multiple tasks and stay focus on project benchmarks and deadlines.
• Open and able to work flexible hours and travel when necessary.


Education and Experience

• Successful track record in managing projects and people in a non-profit, public or private enterprise. A minimum of five years of professional experience in responsible management positions.
• Direct experience developing close working relationships with governmental groups at the local, state and federal level, and constituents/stakeholders such as elected officials, Boards of Directors, employees and other business and community support organizations.
• Bachelor’s Degree in economic development, business or a related field and five years substantial experience in planning, economic and/or community development, business or related field OR equivalent combination of experience and training which provides the required knowledge, skills and abilities.
• Valid driver’s license

The position is currently based at CCEDA’s office in Los Angeles. The Board of Directors will consider candidates in other parts of the state, including Sacramento, given CCEDA’s policy and advocacy focus.

Compensation:

Salary is commensurate with experience. Benefits include health care, life insurance, paid holidays, a 401k plan, and annual vacation and sick leave.

How to Apply:

To apply, e-mail a resume, cover letter and salary requirements to: CCEDA@marcumllp.com (email applications are required). For other inquiries contact Jill Fioravanti at Jill.Fioravanti@marcumllp.com.

CCEDA is an equal opportunity employer and considers all employees and job applicants without regard to race, religion, color, gender, age, national origin, disability, veteran status, sexual orientation or marital status, or any other status protected by the law. CCEDA strives to reflect the diverse constituencies that the organization serves.

Investor Relations Manager CDC Small Business Finance
Location Open, All
Job Function: Relationship Management
Posted: July 5, 2019

Background:

You’re at the front door of CDC Small Business Finance (CDC), a nonprofit with a passion for helping Main St. small businesses grow and create jobs. We offer a variety of low-interest financing that fit the needs of small businesses no matter where they are in the growth cycle. Start-ups to seasoned companies and every small business in between can benefit from our financing programs. Our experienced staff takes pride in making a difference with small business owners and is considered the best in the business. CDC Small Business Finance is a not-for-profit lender providing capital to small businesses so they can expand, grow and create jobs in California, Arizona and Nevada. In 40 years, CDC has helped create over 203,000 jobs by leveraging more than $18 billion in loans to over 11,000 small businesses. CDC has a powerful culture and a workplace made up of employees who look forward to coming to work and feel connected to each other through our shared mission of helping small businesses. CDC is seeking a candidate with a strong understanding of small business and commercial real estate financing markets; a professional who is also entrepreneurial, and has a client-minded focus, to join our team and take us to the next level of impact by managing our investor relationships. Check us out at www.cdcloans.com

Position Summary:

The primary responsibility is to lead, build and accelerate an integrated investor relations strategy for the firm.

Responsibilities:

Essential Functions/Responsibilities:
• Develop a robust investor relations strategy and framework
• Develop and maintain long-term relationships with all existing and prospective investors, as well as capital intermediary partners (e.g. investment banks, CDFI capital partners). The target investor
base will extend beyond CDC SBF’s historical investor base (e.g. CRA-motivated institutions and foundations) to also include mainstream investors, with a focus on the emerging class of market
investors looking for financial and social returns
• Manage the preparation of presentation and pitch materials for new investor pursuits, tailoring the narrative based on investor targets
• Quarterback the execution of capital transactions with investors, partnering across other departments (e.g. Lending, Finance, Operations, Sales) as necessary
• Analyze and prepare insights on capital market activity and trends, including implications to CDC Small Business Finance’s overall strategy, and present them to the leadership team

Requirements:

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job:
• A Bachelor’s degree in business, finance, or accounting
• 10 or more years of relevant experience, ideally interacting directly with investors in a capital markets function
• Strong understanding of small business and commercial real estate financing markets
• A professional who is also entrepreneurial, and has a client-minded focus
• Enthusiasm for CDC Small Business Finance’s mission to support those who face the greatest obstacles in securing capital
• Must be able to perform in a high-pressure environment, and be able to meet tight deadlines
• Has superb written and verbal communication skills, as well as the ability to draft engaging and impactful messages for inspiring investors
• Bachelor’s Degree or 7-10 years of direct work experience in lieu of degree.
• Some travel required (25% of time).
• Proficient in Word, Excel, and PowerPoint

Compensation:

Compensation includes a base salary plus the opportunity to earn a bonus based on performance. Benefits include low cost health, dental, vision, life/disability and a 401(k) plan with 50% match and NO salary cap.

How to Apply:

Please send resumes to ehebert@cdcloans.com

Manager, Lending CAHEC
Raleigh, NC
Job Function: Lending/Loan Operations
Posted: July 3, 2019

Background:

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

Position Summary:

The Manager, Lending is a CAHEC employee who serves as the primary liaison to CAHEC Capital, Inc. The position is responsible for strategic planning, budgeting, raising and deploying capital, and administering the operations of CAHEC Capital and other CAHEC lending programs. Operational oversight includes providing administrative and professional support to the Board of Directors of CAHEC Capital and coordinating and managing the efforts of key CAHEC employees and third-party providers who support CAHEC Capital’s activities. Based on experience and judgement, the position analyzes, evaluates, and presents recommendations regarding the financing and investment in complex real estate transactions.

Responsibilities:

• Independently manage CAHEC Capital’s Loan Programs that are geared specifically toward affordable housing developers within the LIHTC industry.
• Oversee day-to-day operations of CAHEC Capital and serve as liaison to CAHEC Capital’s independent Board of Directors.
• Pursue business development opportunities to expand and enhance borrower relationships and lending opportunities.
• Evaluate existing loan products and develop new opportunities that support community development and affordable housing.
• Oversee lending program operations including loan production goals; design and implementation of new and updated financial products and services; portfolio management; loan policies and systems, reporting of the loan portfolio reporting; loan servicing, and business development.
• Manage the entire loan closing process including coordination with internal departments, borrowers, and external legal counsel.
• Maintain CAHEC Capital’s status as a certified CDFI including reporting requirements and serve as the lead for all future grant applications.
• Maintain a quality CAHEC Capital Board of Directors and provide ongoing analysis of operations and lending activities.

Requirements:

Education Requirement
• Bachelor’s degree in real estate, finance, business, city planning, or economics. Or, an equivalent combination of education and comparable work.

Work Experience
• Minimum five (5) years progressively responsible work experience relevant to real estate financing and lending, including knowledge of underwriting and partnership law and taxation, the CDFI/community development financing industry, and/or Low Income Housing Tax Credits.

Knowledge, Skills, and Abilities
• Working knowledge of lending including the loan functions of closing, servicing, reporting, and administration.
• Proven ability of the following: seek and develop productive working relationships in order to promote and present complex lending products, negotiate complex transactions tactfully, analyze and develop complex financial lending models, and demonstrate advanced proficiency in Microsoft Word and Excel.

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

Compensation:

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

How to Apply:

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

Sr. Loan Officer Enterprise Community Partners
San Francisco, CA
Job Function: Financial Services
Posted: July 1, 2019

Background:

Enterprise Community Partners is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. Enterprise Community Investment, is one of the main vehicles through which we bring capital into projects, including: Low-Income Housing Tax Credit, Equity New Markets Tax Credits, Debt and Multifamily Financing, Development and Consulting.

Position Summary:

Reporting to the Chief Lending Officer, the Senior Loan Officer is responsible for underwriting loan requests in support of community development projects with particular emphasis on affordable housing and community facilities, including both interim/bridge, New Market Tax Credits leverage loans and permanent term loans. The position will support ECLF’s lending activities across its national footprint. The responsibilities also include managing a defined portfolio of loans from origination through repayment. The Senior Loan Officer is also expected to be the staff lead in multiple lending initiatives in Northern California, working collaboratively with local staff of Enterprise Community Partners.

Responsibilities:

Contribute to production goals by identifying lending opportunities, and originating new loans upon referral through the Enterprise system and external partners. Structure and negotiate financing proposals/commitments and prepare comprehensive written loan packages for review and approval by management or Loan Committee for both direct financing by ECLF and financing through various off-balance sheet funds. Review and interpret third party due diligence reports, including appraisals, market assessments, entitlement/zoning classifications, and environmental reports to determine transaction viability and appropriate loan structure. Coordinate the preparation of commitment letters and loan documents with attorneys. Manage the closing process, including internal and external closing counsel, and the collection, review, approval and execution of all closing items. Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance and processing modification and extension requests. Maintain loan files in audit-ready condition to ensure accuracy and completeness. Work cooperatively with local and regional staff from Enterprise Community Partners, Enterprise Housing Community Investment and Bellwether Enterprise to coordinate and leverage Enterprise resources grants, loans and equity in project development and advancement of the Enterprise strategic plan.

Requirements:

Undergraduate degree required; advanced degree in business, finance or related field preferred. Seven (7) years of lending experience, with three (3) years of multi-family affordable housing, real estate, underwriting responsibilities preferred. Community development underwriting and knowledge of various housing programs and the broader community development field is a plus. Demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation. Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, and coordinate and communicate effectively across all levels of an organization. Strong business development, analytical, communication, and problem solving skills, with working knowledge of spreadsheet programs. Detailed analytical skills with database management and spreadsheet knowledge. Familiarity with federal, state and local community development programs, particularly programs that finance charter schools, federally-qualified health centers and affordable housing. Ability to travel up to 30% of the time.

Compensation:

Salary-Negotiable

How to Apply:

http://careers.enterprisecommunity.org/Careers.aspx?adata=EPgPAJ4MLsjgHV...

Loan Officer Nonprofit Finance Fund
Oakland, CA
Job Function: Lending/Loan Operations
Posted: June 28, 2019

Background:

What We Do:

NFF works toward a more just and vibrant society through:

Financing that helps nonprofits and social enterprises expand opportunity in low- and middle-income communities.

Consulting that helps nonprofits and funders connect money to mission and community impact.

Partnering with service providers, funders, and investors to turn money and goodwill into positive outcomes.

Learning that shares experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis.

Nonprofit Finance Fund® (NFF®) advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing. A leading Community Development Financial Institution (CDFI), NFF currently manages over $329 million. Since 1980, we have provided $871 million in financing and access to additional capital in support of over $2.9 billion in projects for thousands of organizations nationwide.

Position Summary:

The Loan Officer plays a central role in the growth and expansion of NFF’s financing business on the west coast. They will support the underwriting of and directly underwrite transactions and work closely with the Loan Originations / Business Development team and the Director, Underwriting to ensure the deal pipeline proceeds in a timeline and expeditious manner. Primary responsibilities include: managing the collection and analysis of client due diligence; analyzing financial spreads; underwriting loans and lines of credit; preparing documents for loan approval; presenting proposals to loan committees; and assisting with loan closings. In addition, the Loan Officer assists in business development efforts and maintains knowledge of key markets within the western region and across all sectors and industries in which NFF works. The Loan Officer partners internally to support meeting budgeted lending goals and contributes to lending process improvements.

The Loan Officer demonstrates an interest in or commitment to supporting low-income communities and/or the nonprofit sector and is a strong communicator and relationship builder with the ability to forge deep community relationships while setting realistic expectations and moving financial projects forward.

This position will be based in NFF’s Los Angeles, CA or Oakland, CA office. This position will report to the Director, Underwriting.

Responsibilities:

Underwriting and Product Management
Collect and manage due diligence, underwrite and structure financing requests for on and off-balance sheet transactions within appropriate and relevant credit policy guidelines and in a timely manner. Work with borrowers through all stages of the financing process.
Prepare and present proposals to loan committees for approval.
Support and/or manage loan closings, including drafting commitment letters and reviewing loan documents.
Engage with clients, actively seeking to understand customers’ circumstances, expectations, and needs, and developing financing solutions to meet those needs.
Develop, maintain, and share knowledge of key sectors by attending conferences and maintaining relationships with key stakeholders, among other ways.

Client Relationship and Management
Maintain strong relationships with current and future borrowers and partners.
Develop and use knowledge of clients and markets in West Coast region to identify evolving trends and risks.
Work closely with West Coast business development team in assessing project viability and providing guidance around loan structuring and creditworthiness.
Support West Coast business development team, as requested, by participating in business development activities, including early-state client visits and conversations and attendance at external events.
Ensure the smooth transition and support of borrowers as transactions transition from business development to underwriting and from underwriting to portfolio management.

Requirements:

Essential Requirements for Education and/or Experience:

Bachelor’s degree or equivalent experience required; Master’s degree in business, finance, public administration or related field preferred.
A minimum of 5 years of professional experience, preferably in the financial services, consulting or nonprofit sectors and in increasingly more senior positions
Excellent analytical skills, including ability to identify and assess risk and analyze and understand financial statements.
Strong interpersonal and communication skills, both written and verbal.
Demonstrated ability to build, manage, and deepen client relationships.
Ability to relate to diverse constituencies.
Keen attention to detail.
Solutions-based mindset and approach.
An entrepreneurial work ethic, including openness to learning new skills and systems and ability to take initiative for independent learning with and quickly develop deep knowledge of a particular market or area.
Ability to exhibit calm under pressure.
Demonstrated ability to take on increased responsibility over time.
Ability and willingness to travel within region to work with staff and meet with applicants, borrowers, and stakeholders.

Specialized Knowledge/Beneficial Skills and Experience:

Familiarity with outcomes-based and/or impact investing.
Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
Results-oriented individual with the ability to work independently, as well as collaborate with a close-knit group.
Experience in nonprofit, business, or commercial lending and credit analysis.
Market knowledge in western region and in one or more targeted sectors including community health centers, education/charter schools, and human service providers.

Compensation:

All salaries are commensurate with experience and include an attractive benefits package.

How to Apply:

Apply directly here: https://nonprofitfinancefund.applytojob.com/apply/uvKaPz1Lpe/Loan-Office...

Loan Officer Nonprofit Finance Fund
Los Angeles, CA
Job Function: Lending/Loan Operations
Posted: June 28, 2019

Background:

What We Do:

NFF works toward a more just and vibrant society through:

Financing that helps nonprofits and social enterprises expand opportunity in low- and middle-income communities.

Consulting that helps nonprofits and funders connect money to mission and community impact.

Partnering with service providers, funders, and investors to turn money and goodwill into positive outcomes.

Learning that shares experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis.

Nonprofit Finance Fund® (NFF®) advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing. A leading Community Development Financial Institution (CDFI), NFF currently manages over $329 million. Since 1980, we have provided $871 million in financing and access to additional capital in support of over $2.9 billion in projects for thousands of organizations nationwide.

Position Summary:

The Loan Officer plays a central role in the growth and expansion of NFF’s financing business on the west coast. They will support the underwriting of and directly underwrite transactions and work closely with the Loan Originations / Business Development team and the Director, Underwriting to ensure the deal pipeline proceeds in a timeline and expeditious manner. Primary responsibilities include: managing the collection and analysis of client due diligence; analyzing financial spreads; underwriting loans and lines of credit; preparing documents for loan approval; presenting proposals to loan committees; and assisting with loan closings. In addition, the Loan Officer assists in business development efforts and maintains knowledge of key markets within the western region and across all sectors and industries in which NFF works. The Loan Officer partners internally to support meeting budgeted lending goals and contributes to lending process improvements.

The Loan Officer demonstrates an interest in or commitment to supporting low-income communities and/or the nonprofit sector and is a strong communicator and relationship builder with the ability to forge deep community relationships while setting realistic expectations and moving financial projects forward.

This position will be based in NFF’s Los Angeles, CA or Oakland, CA office. This position will report to the Director, Underwriting.

Responsibilities:

Underwriting and Product Management

Collect and manage due diligence, underwrite and structure financing requests for on and off-balance sheet transactions within appropriate and relevant credit policy guidelines and in a timely manner. Work with borrowers through all stages of the financing process.
Prepare and present proposals to loan committees for approval.
Support and/or manage loan closings, including drafting commitment letters and reviewing loan documents.
Engage with clients, actively seeking to understand customers’ circumstances, expectations, and needs, and developing financing solutions to meet those needs.
Develop, maintain, and share knowledge of key sectors by attending conferences and maintaining relationships with key stakeholders, among other ways.
Client Relationship and Management

Maintain strong relationships with current and future borrowers and partners.
Develop and use knowledge of clients and markets in West Coast region to identify evolving trends and risks.
Work closely with West Coast business development team in assessing project viability and providing guidance around loan structuring and creditworthiness.
Support West Coast business development team, as requested, by participating in business development activities, including early-state client visits and conversations and attendance at external events.
Ensure the smooth transition and support of borrowers as transactions transition from business development to underwriting and from underwriting to portfolio management.

Requirements:

Bachelor’s degree or equivalent experience required; Master’s degree in business, finance, public administration or related field preferred.
A minimum of 5 years of professional experience, preferably in the financial services, consulting or nonprofit sectors and in increasingly more senior positions
Excellent analytical skills, including ability to identify and assess risk and analyze and understand financial statements.
Strong interpersonal and communication skills, both written and verbal.
Demonstrated ability to build, manage, and deepen client relationships.
Ability to relate to diverse constituencies.
Keen attention to detail.
Solutions-based mindset and approach.
An entrepreneurial work ethic, including openness to learning new skills and systems and ability to take initiative for independent learning with and quickly develop deep knowledge of a particular market or area.
Ability to exhibit calm under pressure.
Demonstrated ability to take on increased responsibility over time.
Ability and willingness to travel within region to work with staff and meet with applicants, borrowers, and stakeholders.

Specialized Knowledge/Beneficial Skills and Experience:

Familiarity with outcomes-based and/or impact investing.
Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
Results-oriented individual with the ability to work independently, as well as collaborate with a close-knit group.
Experience in nonprofit, business, or commercial lending and credit analysis.
Market knowledge in western region and in one or more targeted sectors including community health centers, education/charter schools, and human service providers.

Compensation:

All salaries are commensurate with experience and include an attractive benefits package.

How to Apply:

Apply directly here: https://nonprofitfinancefund.applytojob.com/apply/mf71DyQkj0/Loan-Office...

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