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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.

Contractor Data Analyst Aeris
Philadelphia, PA
Job Function: Accounting
Posted: May 8, 2019

Background:

Since our beginnings in 2004, Aeris has established risk management standards for private community loan funds (CDFIs) and has helped strengthen the development of impact measurement and management practices in the CDFI industry. We are applying those lessons to serve the broader impact investment world.

In 2013, Aeris built an online platform to collect and manage the impact and financial information that supports our deep due diligence and monitoring activities. Today, we are sharing that capability with the broader investing field: offering a highly reliable tool tailored to the unique needs of multiple users for the collection, management, and analysis of the impact and financial data of their investments.

Position Summary:

The Part-Time Contractor will contribute to the success of Aeris Operations Team’s work, including helping to develop and maintain its industry-first database of standardized CDFI performance data, which is increasing transparency and standardization to drive investment in CDFIs. Work is managed and performed in a standard production environment and process, with key success measures being quality, quantity, accuracy, timeliness, and team work.

The Contractor must be self-motivated in the management and performance of scheduled workloads, and be flexible to work in a team environment in response to changing business needs and priorities. He/she must be able to learn new skills, new content, and new ideas quickly and effectively. Some knowledge of accounting concepts is required; prior experience reading and understanding the financial statements of lending institutions is preferable.

Responsibilities:

1. Prepare CDFI financial statements for the Aeris Cloud
a. Work with Aeris Operations team to understand CDFI financial presentation.
b. Prepare CDFI financial statements and performance metrics for Aeris quarterly reporting by mapping data into Aeris’ proprietary Cloud database.
c. Proofing and finalizing quarterly financial statements and reported performance data.
d. Communicate with CDFIs regarding clarification of materials submitted and requests for additional data.
2. Aeris Cloud maintenance
a. Orient CDFIs to uploading data and supporting documentation to the Aeris Cloud.
b. Load data and documents into appropriate “libraries” on the Aeris Cloud.
c. Work with CDFIs to set up their Aeris “library” and financial template on the Aeris Cloud.
d. Follow up with CDFIs as necessary to ensure timely upload of quarterly financial statements and performance data.

Requirements:

• Strong aptitude for working with numbers and financial statements.
• Excellent attention to detail and commitment to accuracy
• Superior professional interpersonal skills
• Ability to work in a timely manner, be self-motivated and take initiative for new projects
• Ability to work both independently and in a team environment is required
• Ability to manage multiple tasks in effective and efficient manner
• Capacity and willingness to learn

Compensation:

Hourly Rate

How to Apply:

Interested consultants should send resume and cover letter with hourly rate to:
Search: Contractor
Aeris Insight Inc.
Email: careers@aerisinsight.com

Resource Development and Donor Engagement Manager ECDC Enterprise Development Group
Arlington, VA
Job Function: Fundraising
Posted: May 8, 2019

Background:

The Enterprise Development Group (EDG) is a separately incorporated 501(c)(3) non-profit and subsidiary of ECDC. Although EDG approach has evolved over the years, the driving force behind our overall mission remains the same: to serve as a bridge to improve the lives of refugees, immigrants and low-income individuals by providing access to capital and customized training and support to small business loans and essential economic development programs that can help dramatically transform the lives of low to moderate income underserved people. EDG strives to help individuals gain access to new opportunities that stimulate community economic development and enables them to compete in an increasingly sophisticated, global economy. An intermediary of the SBA and a Community Development Financial Institution (CDFI), EDG provides a significant number of small business loans for low to moderate income individuals and the immigrant community in the Washington, D.C. metropolitan area. The headquarter is located in Arlington, VA and has fully staffed office in Baltimore City.

Position Summary:

ECDC Enterprise Development Group seeks to grow its ability to reach low to moderate income refugees, immigrants and distressed individuals through small business support and increased funding from institutional grants: government, multilateral, banks, major foundations and corporates. The Resource Development and Donor Engagement Manager supports the Managing Director to achieve ECDC Enterprise Development Group funding targets and related objectives set in the 3-5 years strategic, resource mobilization and annual grants and loan acquisition business plan, coordinating proposal development for medium and large sized projects and government or institutional donors with complex requirements. The Resource Development and Donor Engagement Manager assists the Managing Director in coordinating team and leading in support of business process development and improvement as well as serving as a key liaison between grant acquisition and grant management functions.

The position will be responsible to proactively identify grant funding opportunities, maintaining a detailed knowledge of national, state and county level donor environment and funding mechanisms, and keep abreast of changes in the funding landscape. The Resource Development and Donor Engagement Manager will support or lead in developing quality concept notes and proposals for a variety of donors which meet refugees, immigrants and distressed individuals, small business and economic development needs and align to ECDC Enterprise Development Group strategic priorities, making sure all aspects of the proposal align with high technical standards and donor requirements.

The position supported by the Managing Director will be responsible for taking initiative leading to building the capacity of resource development unit to manage donor relations and acquire grants through the provision of capacity building and mentoring support on donor relations, pre-positioning and grants acquisition strategies.

The Resource Development and Donor Engagement Manager will assist the Managing Director representing in various donor and coordination forums when necessary, providing programmatic information as required. The position will also establish relationships with new donors and actively seek out strategic alliances with donors, intermediate lenders, banks, networks, UN, Foundations, Government at all levels, bilateral and multilateral agencies for purposes of coordination, marketing and fundraising. The position will draft documents which aim to inform internal and external stakeholders concerning ECDC Enterprise Development Group on-going and future programming activities.

Responsibilities:

Grant Acquisition
• Lead and serve as proposal manager for development of high quality proposals and concepts for government and institutional donors in line with EDG strategy and capacities in development by working closely with Loan Officers, Managers, Technical Specialists and Finance team.
• Incorporate best practices from active projects into proposals and program designs
• Conduct post-proposal reviews and share key lessons with relevant EDG stakeholders

Donor and Partner Engagement and Positioning
• Monitor the donor landscape, maintaining a detailed knowledge of donor environment and funding mechanisms, and keep abreast of changes in the funding landscape. Maintain an up-to-date record of the requirements of current and potential regional donors, be proactive in the identification of emerging donor opportunities ensuring effective competitor analysis and Due Diligence processes are conducted.
• Support the development of engagement strategies which include the identification of key donors and appropriate partners; working pro-actively with Loan/Program and Finance Team and Management to support the implementation of these; building and maintaining strong donor and partner relations.
• Organize pre-positioning meetings with priority/new donors and partners and develop capacity statements to be utilized during prepositioning meetings with donors
• Ensure that EDG is well-represented in key donor and technical coordination network meetings and for a
• Lead in development of high quality capacity statements and other promotional materials to be used for pre-positioning

Grant Operations and Business Process Improvement Support
• Lead in development and improvement of business processes, templates, RACI, to improve grant acquisition and management performance
• Lead in coordinating team reporting
• Lead monthly grant management reviews and incorporate learnings into team operations
• Coordinate project handover/startup for awarded grants
• Make regular visits to monitor grant performance and implementation, using the opportunity to meet donors/local partners as appropriate to promote accountability and transparency of projects in implementation.

Staff Capacity Building
• Provide leadership to EDG team members and help develop them through mentoring and rigorous performance management
• Identify staff capacity gaps in grants acquisition and management and other factors leading to poor proposal designs, poor win rates and grants implementation and work with Managing Director and Senior Management Team to develop plans to address them.

General
While this job description is intended to be an accurate reflection of the duties involved in this position, ECDC EDG reserves the right to add, remove or alter duties when necessary.

Requirements:

• Education level: A Masters’ degree or significant equivalent experience in a relevant discipline (International Development)
• Experience: Minimum 2 years’ experience working in grants, working closely with diversified funding proposals to and donors.
• Experience in donor relations and ability to manage donor expectations; Proven track record of successful grant acquisition from diversified donors
• Excellent writing skills: Able to draft project reports, concept notes and proposal documentation in clear and concise English, and under tight deadlines.
• Proactive, inquisitive and tenacious in identifying and pursuing new grant funding opportunities
• Confident communicator and able to engage at a strategic level with various donors and other relevant stakeholders
• Excellent ability to work cross-organizationally with multiple stakeholders in realization of shared goals
• Strong interpersonal skills to work in a cross-cultural environment with a multi-national staff; Solid negotiating and networking skills and proven team player.
• Good project management skills, able to work on multiple tasks and prioritize these to meet deadlines; Good budgeting and financial management skills, able to understand link between finance and operations
• Thorough working knowledge of program/project cycle management

Compensation:

ECDC EDG offers Competitive Salary and Benefit Packages.

How to Apply:

Send cover letter, along with resume, three professional references, salary requirements and writing samples via fax at 1-703-685-4200, email at edg-hr@ecdcus.org, cc fabebe@ecdcus.org

Rural Development Specialist - Environmental RCAC
West Sacramento, CA
Job Function: Other
Posted: May 3, 2019

Background:

Organization
Founded in 1978, RCAC is a 501(c)(3) non-profit that provides training, technical and financial resources and advocacy so low-income rural communities can achieve their goals and visions. Our dedicated staff and active board work to make our vision of vibrant, healthy and enduring rural communities a reality across the West.

Community and Environment Department
RCAC’s comprehensive community and environmental services support rural communities to create a vision, set goals and implement an action plan for community development projects. We work with rural water, wastewater and solid waste systems to make them sustainable. We work with the volunteer boards of directors and staff of the small systems to make sure they comply with state and federal regulations and understand the finances and operations of the systems. Outcomes of RCAC’s work include: system regulatory compliance; access of resources for capital improvement projects; and capacity building of boards and staff on technical, financial and managerial best practices.

Position Summary:

Position Description
The Rural Development Specialist (RDS) provides technical, managerial, and financial (TMF) assistance to small disadvantaged community water and wastewater systems so that they can operate sustainably and deliver quality services to the communities served. The RDS works closely with rural residents and local leaders to assist them in the development and management of water, wastewater, or solid waste systems. The RDS also prepares and delivers classroom and individual trainings as needed to build the capacity of local partners.

Responsibilities:

Specific job goals, objectives and tasks are established for each employee as part of the annual evaluation process. Duties and responsibilities include but are not limited to:
• Assess the needs of our local partners and recommend solutions to the needs identified
• Build technical, managerial, and/or financial capacity
• Access financial resources to address local needs
• Implement solutions
• Promote and facilitate partnerships to maximize limited resources
• Develop, prepare, and deliver group and one-on-one trainings
• Provide excellent customer service
• Prepare activity and outcome reports as required
• Perform other duties as assigned

Requirements:

Skills and Qualifications
• Ability to manage technical aspects of field work related to water and/or wastewater
• Facilitation, mediation and meeting management skills
• Familiarity with rural and tribal community dynamics
• Ability to troubleshoot, innovate, and problem-solve
• Proficiency with personal computers including Microsoft Office
• Ability to complete administrative and reporting requirements related to work responsibilities in a timely manner
• Ability to listen effectively and communicate, verbally and in writing
• Ability to work with minimum supervision and handle multiple priorities simultaneously
• Ability to work independently as well as in team environments

Compensation:

$60,000 to $64,800
Health, Dental, Vision, Paid Holidays, Paid Time Off, Retirement Plan, FSA

How to Apply:

Please visit our website at www.rcac.org/careers to view or print the job description and/or provided benefits.

Underwriter Carolina Small Business Development Fund
Raleigh, NC
Job Function: Lending/Loan Operations
Posted: May 2, 2019

Background:

Carolina Small Business Development Fund is a state wide nonprofit Community Development Financial Institution (CDFI) that partners with community based organizations to provide training and loans to create economic opportunities for individuals, families and communities in underserved markets as well as providing capital, business services and policy research to support small businesses.

Position Summary:

Under the general supervision of the Underwriting Director, performs small business loan analysis in accordance with Carolina Small Business Development Fund policies and procedures to ensure and maintain good credit quality. Ensures loans are processed and underwritten in compliance with specific program guidelines. Responsible for the underwriting of eligible micro and small business loans under the various loan guaranty programs including the SBA Community Advantage Pilot Program.

Responsibilities:

Gathers and analyzes complex financial and credit information; clearly presents data, analysis and recommendation in a written credit memo. Ensures compliance with all SBA Community Advantage, CSBDF loan policy, loan funding partner requirements, and federal and state laws and regulations. Prepares and submits loan packages as necessary for review and approval by the Small Business Administration and other guarantee programs where an external review and authorization is required. Makes referrals to Business Services Department for borrowers requiring intensive technical assistance.Represents the Carolina Small Business at various forums and community events. Performs other duties as assigned by the Underwriting Director. Assists Credit Department in review of existing borrower accounts and portfolios in order to identify, evaluate, and determine the appropriate course of action on potential credit quality issues in an effort to maintain superior asset quality. Recommends appropriate loan risk rating grades as part of the loan underwriting process or on an as needed basis.

Requirements:

Possession of Bachelor’s degree in Business Administration, Finance, Economics or a related field. At least 3 years of SBA underwriting experience and at least 3 years of credit administration and small business lending experience. Possession of a valid North Carolina driver’s license. 5+ years of SBA underwriting experience and 5+ years of credit administration, loan underwriting, or commercial lending experience. Completion of formal credit underwriting training. Bilingual a plus (Spanish). Basic accounting theories, credit principles, lending functions, loan research, cash flow analysis and general credit policies. Knowledge and understanding of commonly used rules, regulation, concepts, practices, and procedures governing lending activities. Customer service protocol and service orientation.

Compensation:

Compensation based on market value and experience.

How to Apply:

Send cover letter and resume to hr@carolinasmallbusiness.org

Underwriter Carolina Small Business Development Fund
Raleigh, NC
Job Function: Lending/Loan Operations
Posted: May 2, 2019

Background:

Carolina Small Business Development Fund is a state wide nonprofit Community Development Financial Institution (CDFI) that partners with community based organizations to provide training and loans to create economic opportunities for individuals, families and communities in underserved markets as well as providing capital, business services and policy research to support small businesses.

Position Summary:

Under the general supervision of the Underwriting Director, performs small business loan analysis in accordance with Carolina Small Business Development Fund policies and procedures to ensure and maintain good credit quality. Ensures loans are processed and underwritten in compliance with specific program guidelines. Responsible for the underwriting of eligible micro and small business loans under the various loan guaranty programs including the SBA Community Advantage Pilot Program.

Responsibilities:

Gathers and analyzes complex financial and credit information; clearly presents data, analysis and recommendation in a written credit memo. Ensures compliance with all SBA Community Advantage, CSBDF loan policy, loan funding partner requirements, and federal and state laws and regulations. Prepares and submits loan packages as necessary for review and approval by the Small Business Administration and other guarantee programs where an external review and authorization is required. Makes referrals to Business Services Department for borrowers requiring intensive technical assistance.Represents the Carolina Small Business at various forums and community events. Performs other duties as assigned by the Underwriting Director. Assists Credit Department in review of existing borrower accounts and portfolios in order to identify, evaluate, and determine the appropriate course of action on potential credit quality issues in an effort to maintain superior asset quality. Recommends appropriate loan risk rating grades as part of the loan underwriting process or on an as needed basis.

Requirements:

Possession of Bachelor’s degree in Business Administration, Finance, Economics or a related field. At least 3 years of SBA underwriting experience and at least 3 years of credit administration and small business lending experience. Possession of a valid North Carolina driver’s license. 5+ years of SBA underwriting experience and 5+ years of credit administration, loan underwriting, or commercial lending experience. Completion of formal credit underwriting training. Bilingual a plus (Spanish). Basic accounting theories, credit principles, lending functions, loan research, cash flow analysis and general credit policies. Knowledge and understanding of commonly used rules, regulation, concepts, practices, and procedures governing lending activities. Customer service protocol and service orientation.

Compensation:

Compensation based on market value and experience.

How to Apply:

Send cover letter and resume to hr@carolinasmallbusiness.org

Loan Closing Specialist Local Initiatives Support Corporation
NEW YORK, NY
Job Function: Other
Posted: May 1, 2019

Background:

What We Do
With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.
Strategies We Pursue
Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
Develop leadership and the capacity of partners to advance our work together
Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.
Over the last 39 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 32 markets with offices extending from Buffalo to San Francisco. Visit us at www.lisc.org.

Position Summary:

LISC's Lending Department is seeking a Loan Closing Specialist. The position will report to LISC’s Chief Credit Officer and work in close coordination with lending staff in the field and other members of LISC’s Lending and Legal departments. The Loan Closing Specialist will manage the documentation and closing needs of a diverse, complex portfolio of real estate, working capital and New Markets Tax Credits leveraged loans. Collaborating with national and local LISC staff, this position will ensure that the approved loan terms and conditions are communicated to borrowers, the Legal Department has information required to draft and distribute documents, and required documentation is collected.

Responsibilities:

• Act as closing agent for LISC loans, reviewing all documentation for accuracy and completion of file.
• Prepare closing checklists and compile loan documentation to satisfy approved underwriting requirements, special closing conditions and special disbursement conditions.
• Coordinate closing activities with all parties involved, including review of loan approval notifications and loan funding calculations ensuring all fees, draws and expenses are accurate and documented.
• Engage with attorneys who prepare loan documents in accordance with policy and credit approval.
• Responsible for review of credit approvals and confirming that loan documentation properly reflects unique, individualized requirements of the approval for the specific loan.
• Assist borrowers with explanation of loan process, with attention to customer service and closing details.
• Communicate with Lending Department, Legal Department, and field staff when proposed requirements or approvals for the loans cannot be met.
• Coordinate activities with other parties including legal counsel, borrower, title company, third parties, and internal contacts and resources.
• Assist in processing funding disbursements at loan closing and for individual draws under lines of credit.
• Collect and provide initial review of title reports, property and liability insurance certificates, environmental reports (Phase I and Phase II) and appraisals. Identify any issues to the assigned LISC attorney.
• Prepare Summary of Loan Terms at time of closing.
• Performs additional duties, as required.

Requirements:

Applicants should have the following qualifications:

• Paralegal certificate or Bachelor’s degree in business, related field or equivalent experience.
• At least five (5) years real estate loan closing experience with a bank, other financial institution, or law firm, including experience closing collateralized, unsecured and construction or portfolio loans. CDFI experience and/or subject matter expertise is strongly preferred as is operations/process management experience.
• Strong communications, analytical, decision-making, organizational, follow-up and customer service skills.
• Ability to make decisions or recommend solutions independently, leveraging the work of attorneys, program officers, chief credit officer, and other resources to provide efficient and appropriate solutions to issues as they arise.
• Ability to evaluate, assess and mitigate risk inherent to closing process as well as ensuring adherence to LISC policies and procedures while recognizing the unique, individualized nature of each transaction.
• Attention to detail with the ability to prioritize in a high-volume environment.
• Familiarity with core community development products, including predevelopment loan real estate acquisition and construction loans, working capital lines of credit, permanent debt to Low-Income Housing Tax Credit projects and New Markets Tax Credit debt.
• Good organizational abilities, including ability to work independently and manage multiple assignments simultaneously.

Compensation:

LISC provides a competitive salary and excellent fringe benefits.

How to Apply:

To apply, please email a detailed cover letter and resume to:

Malini Nayar, Vice President, Chief Credit Officer
Local Initiatives Support Corporation
501 Seventh Avenue – 7th Floor, New York, New York 10018
MNayar@lisc.org

Community Development Officer for Housing LISC (Local Initiatives Support Corporation)
New York, NY
Job Function: Lending/Loan Operations
Posted: May 1, 2019

Background:

LISC (Local Initiatives Support Corporation)

POSITION TITLE: Community Development Officer for Housing
REPORTS TO: LISC NYC Director of Lending
JOB CLASSIFICATION: Exempt / Full Time
LOCATION: New York City

THE ORGANIZATION:

What We Do

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

Strategies We Pursue

Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.

Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.

Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.

Develop leadership and the capacity of partners to advance our work together.

Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 39 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 33 markets with offices extending from Buffalo to San Francisco. Visit us at www.lisc.org.

Position Summary:

The New York City office of the Local Initiatives Support Corporation (LISC NYC) seeks a professional to fill the position of Community Development Officer for Housing to conduct lending in New York City’s five boroughs. This position reports to the LISC NYC Director of Lending. The local New York City program, LISC NYC, works with nonprofit, community-based organizations to develop affordable housing, commercial enterprises and community facilities. Since its founding in 1979, LISC NYC has invested over $2.7 billion, leveraging an additional $6 billion in low-income communities. This has resulted in nearly 40,000 affordable homes built and preserved as well as 1.8 million square feet of retail and community space created. We also invest in health, economic development, financial well-being and environmental sustainability so that the communities our partners serve are good places to live, work, do business and raise children. For more information visit http://www.lisc.org/nyc/.

Responsibilities:

The Community Development Officer for Housing works with the LISC NYC Director of Lending to develop and execute a program of strategic housing investments to advance the objectives of LISC NYC’s strategic plan. A primary focus of the role is sourcing affordable housing development and preservation transactions and managing relationships with nonprofit and for-profit developer partners who are working in coordination with city and state housing agencies such as the New York City Department of Housing Preservation and Development, New York State Homes and Community Renewal, and New York City Housing Authority. The successful candidate will have knowledge of the public and private resources available to leverage LISC’s investments, and will have the skills to strategically deploy LISC’s full array of financing products such as predevelopment, acquisition, construction, and bridge loans, lines of credit, and tax credit equity, working alongside LISC’s affiliate National Equity Fund.

Specifically, the Community Development Officer for Housing will be focused on the following:

Business Development, Lending and Technical Assistance

Market LISC NYC’s financial and technical assistance resources by building upon LISC NYC’s established historic relationships with nonprofit community development corporations (CDCs), with an eye toward continued stewardship of the community-based housing sector, while also identifying opportunities to expand LISC NYC’s client base and pursue other business development strategies.

Structure, negotiate, and originate a robust pipeline of affordable housing transactions that facilitate the deployment of LISC capital and technical assistance resources.

Underwrite all types of affordable housing real estate transactions requiring LISC pre-development, acquisition, construction, or permanent loans, tax-exempt bond financing and Low Income Housing Tax Credit (LIHTC) financing. Conduct financial modeling and presentations to affordable housing development sponsors.

Coordinate with LISC affiliate National Equity Fund (NEF) acquisition/underwriting staff to provide technical assistance and financing where LISC NYC’s client relationships align with NEF’s LIHTC syndication activities.

Manage key relationships with public and private sector partners. Work closely with City and State government to develop projects across all of LISC NYC’s housing programs, including originating loans for the NYC Department of Housing Preservation and Development (HPD) Participation Loan Program (PLP), the New York City Employees’ Retirement System (NYCERS) program and the NYC Acquisition Loan Fund.

Provide technical assistance to LISC NYC’s partners, including nonprofit community development corporations and private entrepreneurs, seeking to develop affordable housing and other types of real estate. Assist in the preparation of applications and documentation necessary for debt and equity financing, government subsidies, and rental contract maintenance.

Provide technical assistance, in collaboration with colleagues at LISC’s affiliate National Equity Fund (NEF), to sponsors of affordable housing whose projects are approaching Year 15 of their LIHTC compliance periods, in order to exit, reposition, and refinance their housing portfolios.

Present loan recommendations to LISC’s credit committee. Perform credit analysis, including analyzing borrower operating performance, project financial performance, borrower management capacity, and project feasibility of affordable housing projects.

Work in cross functional teams under deadlines with private and nonprofit real estate developers, attorneys, governmental agencies, lenders, equity investors and other entities to structure and close affordable housing transactions.

Program Development & Policy Systems Change

Work with LISC NYC staff to develop and implement programs that apply LISC’s technical assistance and financing capabilities to solve critical challenges identified through LISC NYC’s strategic planning process.

Collaborate with the LISC NYC Director of Policy and the LISC NYC Leadership Team to elevate lessons learned from LISC NYC’s transactional work and shape a more robust policy and advocacy agenda at the state and local level.

Requirements:

Bachelor’s degree from an accredited college or university required. Master’s degree in real estate, finance, urban planning, public administration or related field preferred.

At least 5 years of experience in lending, finance, community development or related field, with demonstrated experience in real estate development, particularly underwriting, deal structuring and financial analysis.

Familiarity with the New York City area market, along with familiarity with city, state and federal government financing programs, including bond and tax credit financing, available to support projects.

Knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity.

Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.

Commitment to the community development sector and the critical role of nonprofit organizations in driving social change and preserving affordable housing.

Ability to work collaboratively with co-workers and representatives from the nonprofit, corporate, philanthropic and public sectors, and demonstrated flexibility and poise in dealing with a diverse range of individuals and organizations.

Entrepreneurial spirit and ability to work independently on multiple tasks and projects, set priorities for a challenging workload, and be a positive, solution-oriented professional.

Excellent writing, financial analysis and verbal communication skills required.

Candidates with commensurate experience may be considered for the title Senior Community Development Officer for Housing.

Compensation:

LISC offers a competitive salary and excellent benefits.

How to Apply:

Please send cover letter and resume via e-mail to (please note that applications without a cover letter will not be considered):

Sam Marks
Executive Director
LISC NYC
501 Seventh Avenue, 7th Floor
New York, NY 10018
liscnycresumes@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Senior Financial Analyst Reinvestment Fund, Inc.
Philadelphia, PA
Job Function: Finance
Posted: May 1, 2019

Background:

Reinvestment Fund is a financial services company functioning as a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives.

Reinvestment Fund brings together individual investors, banks, government, insurance companies, private foundations and faith-based and community organizations to invest in projects that transform communities. As a federally-certified community development financial institution (“CDFI”), we manage $1.2 billion in capital that originates from over 880 investors. We have deployed over $2.2 billion into community revitalizing and job-creating projects and enterprises over our 34-year history. The company maintains a AA- issuer rating from S&P, as well as the highest ratings from an industry independent rating agency (AAA, four star with a Policy Plus from AERIS).

Position Summary:

The Senior Financial Analyst will work under the direction of the CFO and assist in company-wide and business line financial analysis, financial forecasting, modeling, budgeting and cash flow analysis. This individual will drive the preparation and delivery of financial reports and financial modeling that will allow management to make decisions on business transactions and deals, in a manner that supports strong growth and deal quality while supporting the fundamental mission of Reinvestment Fund.

Responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES
• Prepare annual budgets at the cost center, business line and consolidated corporate levels.
• Prepare monthly, quarterly and annual forecasts.
• Maintain rolling program forecasts and quarterly outlook.
• Compare and analyze actual results vs. forecast.
• Advise business line leaders and program managers on program performance and product line profitability analyses.
• Produce monthly reports on key performance metrics.
• Create financial models of “what if” scenarios to inform future business planning decisions.
• Responsible for performing special projects to improve process efficiency and performance.
• Assist with ad-hoc projects as requested.
• S & P Rating Analysis/Management

CORE COMPETENCIES
• Financial Management
• Strategic/Analytical Thinking
• Communication Proficiency
• Active Listening

Requirements:

The successful candidate will take an aggressive approach to all accountabilities while demonstrating strong technical, analytical, business and financial skills. The ideal candidate will be strategically minded with the skills and abilities to deliver actionable, data-driven conclusions. A background in banking/financial services industry is a plus. Experience recommending new or improved processes, methods or systems is required. This candidate must be able to establish priorities and allocate time and resources accordingly. The individual must be flexible and adaptable with the drive and willingness to learn new areas and change with the organization. To be successful requires the candidate to proactively take action to solve problems and achieve goals while establishing a systematic course of action to ensure accomplishment of specific company objectives tied to his/ her role and responsibilities. The individual must be comfortable communicating at all levels of the organization on strategic and financial issues and must demonstrate the commitment to the mission, culture, and business model of the Reinvestment Fund.

QUALIFICATIONS/EXPERIENCE/SKILLS
• Bachelor’s degree in business or finance is required, MBA or Masters in Finance is preferred.
• Experience building FP & A Department
• 6-8 years’ experience in financial analysis, budgeting, or similar discipline roles.
• In-depth knowledge of budgeting, cash management, and financial analyses processes.
• Proficiency in Microsoft Office Suite and advanced proficiency in Excel.
• Experience with ERP systems and related technologies is required.
• Excellent analytical, communication, and organizational skills.

Compensation:

Reinvestment Fund offers a competitive salary based on experience and skills, including participation in the Company’s performance plan as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care, and transportation), tuition reimbursement, generous paid time off, and EAP program. As part of its professional development program, the company pays for CPE credits and time off to attend classes as required by its professional staff.

How to Apply:

Complete the online employment application available on our website at www.reinvestment.com. Please attach your resume and a cover letter which includes your salary requirement.

Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States. Reinvestment Fund is an Equal Opportunity Employer. Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job related disabilities, or status as a veteran.

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals this reporting will extend to your household members. You may be subject to a background check.

Senior Underwriter, Commercial Lending Capital for Change
Wallingford, CT
Job Function: Lending/Loan Operations
Posted: May 1, 2019

Background:

Capital for Change (C4C) is the largest full-service Community Development Financial Institution (CDFI) in Connecticut offering capital solutions that create and sustain lasting positive change for low-income communities, broaden social and economic participation, and encourage economic growth and environmental sustainability. C4C provides financing with an approach that one size does not fit all, which allows C4C to provide high impact products and programs that create and preserve affordable housing, increase adoption of energy efficiency, support mixed-use and small business development, and assist nonprofit organizations.

Position Summary:

This position has both a programmatic and lending focus as affordable multifamily housing loans often support projects that rely on subsidy as part of the financing stack. The incumbent assists the Director of Commercial Lending with the development, implementation, tracking, use of C4C’s housing subsidy program funding, including participating in grant writing and program reporting.

Responsibilities:

Loan Underwriting and Approval

-Work closely with Lending team to help source and underwrite impactful loans that adhere to underwriting standards.
-Build and maintain close working relationships with referral sources, potential partners, potential borrowers and funding sources.
-Assess applicant's financial strength by reviewing financial statements, audits, tax returns, credit reports and organizational documents.
-Assess applicant's organizational capacity to carry out a project by reviewing experience, references, development team, etc.
-Assess strength and feasibility of projects by reviewing project descriptions, scopes of work, financing sources and uses, development and operating pro formas, real estate valuations and appraisals, environmental reports, insurance coverage, neighborhood and community characteristics
-Provide informal technical assistance through the application and underwriting process and, as needed coordinate delivery of formal technical assistance activities through internal and external sources.
-Prepare Loan Approval Document (LAD) and Risk Rating in accordance with internal credit and programs requirements and present to Loan Committee or other loan approval authority as designated in Loan Policies.
-Develop comprehensive understanding of C4C’s loan products and programs, policies and procedures and assist in updating and modifying where needed.
-Identify and work with other lenders on loan participation opportunities.
-Monitor market needs and assist in development of new products/programs as appropriate.
-Assist Lending department in meeting lending goals
-Develop and maintain an understanding of C&I/small business lending

Loan Closing, Monitoring and Administration

-Assist in loan closing activities including coordination with attorney, review of commitment letters and documents as needed.
-Manage contracting with relevant consultants (e.g. appraisers, inspectors, etc.)
-Prepare booking form for onboarding loans and compiling impact data.
-Assist in reporting to funders, staff, Loan Committee and Board as needed.
-Assist in modification, renewal and work out of loans as needed.
-Provide support and input to Portfolio Manager in an ongoing capacity.
-Review and approve loan draw requests.

Program Management

-Participate in new loan program development, designs and proposes programmatic guidelines and parameters.
-Assist in preparation of financing and grant applications.
-Manage relationships with program sponsors, funders and contracting entities.
-Compile monthly, quarterly and annual reports to funding agencies as required.
-Other activities as needed and directed by supervisor.

Requirements:

Core Competencies

-Analytical skills, risk assessment, organizational skills and attention to detail.
-Concise and well-structured writing skills, and effective presentation skills.
-Ability to work independently and to collaborate with a team.
-Strong interpersonal skills, able to communicate effectively in writing and speaking.
-Computer competencies including Office 365, especially Excel and Word skills, and ability to learn other software applications. Salesforce experience highly desirable.
-Ability to handle multiple tasks and to operate productively without extensive supervision.
-Excellent problem-solving abilities
-Commitment to clear, detailed, service-oriented communication with borrowers and C4C colleagues.
-Commitment to equitable community development and the core mission of C4C.
-Effective management skills
-Knowledge of public and private resources available to leverage C4C’s loan products highly desirable.

Required Experience & Certifications

-Bachelor’s degree or equivalent experience in relevant field, i.e., real estate, finance, urban planning, or business, MBA highly desirable. .
-Minimum five years of loan underwriting experience at a CDFI, bank or other financial institution related to affordable housing development, and commercial and housing real estate construction.
-Understanding of and experience with community development lending and public and private sector funding sources
-Grant writing experience preferred.
-Commercial credit training desirable

Compensation:

55,000-85,000

How to Apply:

Apply at: https://www.ziprecruiter.com/job/41f90cdc

Loan Officer - Multi-Family Affordable Housing Capital for Change
Wallingford, CT
Job Function: Lending/Loan Operations
Posted: May 1, 2019

Background:

Capital for Change (C4C) is the largest full-service Community Development Financial Institution (CDFI) in Connecticut offering capital solutions that create and sustain lasting positive change for low-income communities by broadening social and economic participation and encouraging economic growth and environmental sustainability. We champion projects of all kinds with an approach that one size does not fit all, enabling us to create high impact products and programs that create and preserve affordable housing, increase energy efficiency, finance mixed-use development, and assist nonprofit organizations.

Position Summary:

This position’s primary responsibilities are to source and underwrite commercial loan requests and close and monitor loans to expand C4C’s mission and impact with a focus on C4C’s construction and permanent loans for multifamily affordable housing. The Loan Officer will work closely with the Lending team to provide technical assistance and excellent customer service. The job will include regular travel throughout the State.

Responsibilities:

Business Development

-Build and maintain close working relationships with referral sources, potential partners, potential borrowers and funding sources.
-Grow the multifamily portfolio through helping develop effective marketing and communications strategies and directly prospecting multifamily housing owners, managers, developers and brokers throughout the State.
-Promote C4C’s multifamily products and services by actively participating in industry conferences, workshops, broker and investor meetings, training and other activities.
-Identify and work with other lenders on loan participation opportunities.
-Provide informal technical assistance and referrals where appropriate.
-Monitor market needs and assist in development of new products/programs as appropriate.
-Assist Lending department in meeting lending goals

Loan Underwriting and Approval

-Assess applicant's financial strength by reviewing financial statements, audits, tax returns, credit reports and organizational documents.
-Assess applicant's organizational capacity to carry out a project by reviewing experience, references, development team, etc.
-Assess strength and feasibility of projects by reviewing project descriptions, scopes of work, financing sources and uses, pro forma development and operating budgets, real estate valuations and appraisals, environmental reports, insurance coverage, neighborhood and community characteristics
-Provide informal technical assistance through the application and underwriting process and, as needed coordinate delivery of formal technical assistance activities through internal and external sources.
-Understand how other C4C products, including subsidy funds and energy funds, can be leveraged in loan structuring
-Prepare Loan Approval Document (LAD) and Risk Ratings in accordance with internal credit and programs requirements and present to Loan Committee or other loan approval authority as designated in Loan Policies.
-Develop comprehensive understanding of C4C’s loan products and programs, policies and procedures and assist in updating and modifying where needed.

Loan Closing, Monitoring and Administration

-Assist in loan closing activities including coordination with attorney, review of commitment letters and documents as needed.
-Manage contracting with relevant consultants (e.g. appraisers, inspectors, etc.)
-Prepare booking form for onboarding loans and compiling impact data.
-Assist in reporting to funders as needed.
-Assist in modification, renewal and work out of loans as needed.
-Provide support and input to Portfolio Manager in an ongoing capacity for collections, annual reviews, modifications, risk rating changes, workouts, etc…
-Review, approve and track loan draw requests and third-party expense reimbursements.
-Other activities as needed and directed by supervisor.

Requirements:

Core Competencies

-Analytical skills, risk assessment, organizational skills and attention to detail.
-Excellent written, verbal and interpersonal communication skills
-Ability to work independently and to collaborate with a team.
-Computer competencies including Office 365, especially Excel and Word skills, and ability to learn other software applications.
-Ability to handle multiple tasks and to operate productively without extensive supervision.
-Good problem solving abilities
-Commitment to clear, detailed, service-oriented communication with borrowers and C4C colleagues.
-Commitment to equitable community development and the core mission of C4C.

Required Experience & Certifications

-Bachelor’s degree or equivalent experience in relevant field (i.e. real estate, finance, urban planning, or business).
-Minimum three years of loan underwriting experience at a CDFI, bank or other financial institution related to affordable housing development, and commercial and housing real estate construction.
-Proven ability to generate client leads and maintain business relationships.
-Understanding of and experience with community development lending and public and private sector funding sources
-Knowledge of energy lending underwriting a plus.
-Willingness and ability to travel throughout Connecticut market.
-Commercial Credit training highly desirable

Compensation:

65,000 - 115,000

How to Apply:

Apply at: https://www.ziprecruiter.com/job/0797d6e7

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