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  • Make an impact and join the opportunity finance field.

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

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

To submit a job listing, please use our online form. To edit or remove a posting please contact info@ofn.orgSubmissions will be reviewed and posted within 1 business day to ensure relevancy to the industry.

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

Commercial Loan Servicing Specialist Reinvestment Fund, Inc.
Philadelphia, PA
Job Function: Lending/Loan Operations
Posted: November 17, 2017

Background:

Reinvestment Fund is a national leader in rebuilding America’s distressed towns and cities, through the innovative use of capital and information. Reinvestment Fund has invested $1.8 billion into community revitalizing and job-creating projects and enterprises over our 35-year history. We bring together individual investors, banks, government officials, private foundations and faith-based and community organizations to invest in projects that transform communities. Through strategic investment, leadership in public policy, and data analysis, we put resources in the communities of greatest need in the manner that achieves the greatest good. A community development finance institution (CDFI), Reinvestment Fund finances housing, community facilities, schools, community health centers, healthy food access, commercial real estate and energy efficiency projects. It also provides public policy expertise by helping clients create actionable solutions and by sharing data and analyses via www.PolicyMap.com. The company maintains a AA issuer rating from S&P, as well as a four star with Policy Plus, AAA by AERIS (highest rating available from industry rating agency). 

Position Summary:

Reinvestment Fund seeks a full-time Commercial Loan Servicing Specialist with experience in the commercial real estate financial / banking industry.  The Commercial Loan Servicing Specialist will be part of a dynamic Lending team and will support the team’s initiatives for underwriting, loan closing and ongoing portfolio management.

Practical experience in loan administration, commercial real estate credit administration and servicing, including pre-closing processing, closing, post-closing, and servicing functions is required.  The successful candidate will have a demonstrated knowledge for systems and continued process improvement.  Candidate must be inquisitive, possess problem-solving and strong data analysis skills.  Intermediate Excel skills are a must, including the ability to create formulas, import and export data sets, format data for effective interpretation and display data values in pivot tables and charts. 

PRIMARY FUNCTIONS

  • Support new loan closings - Ensuring documents adhere to Reinvestment Fund’s credit policy and approval requirements. Review loan documents for compliance, completeness and accuracy. Obtain missing information and assemble loan files for SharePoint and the file room.
  • Interpretation of loan documents and financial information - Translate information from legal documents and financial statements into data for entry into a loan servicing system to ensure the system will correctly support the servicing of loans as stipulated in the documents, prior to closing.
  • Quality control of loan data - Review data entered into loan servicing system against loan documents to confirm accuracy. 
  • Communication and customer service -  Interact directly with the Lending and Finance Groups to effectively communicate servicing activities and alerts. 
  • Loan compliance activities -  Monitor collateral documentation (insurance, real estate tax payments, UCC filings) over the life of the loan. Maintain loan data and documentation; generate portfolio reports; monitor special program reporting compliance. 
  • Document administration and security - Monitor and maintain loan files on a routine basis to ensure immediate security of legal documents and the timely release of collateral for loans that are paid in full.

Responsibilities:

ESSENTIAL DUTIES

  • Enter loan data and daily activity into loan servicing system.
  • Prepare and process payments for loan participants, loan related fees and expenses.
  • Provide administrative support primarily for real estate secured loans on a daily or transactional basis, including research, documentation, closing and tracking, file maintenance and documentation scanning.
  • Interact directly with the Lending and Finance Groups to effectively communicate servicing activities and ensure accurate management reporting.
  • Replenish Interest Reserve accounts.
  • Prepare loan amortization schedules.
  • Review and reconcile accounts related to loan fees, interest reserves, unapplied funds, etc.
  • Process monthly loan bills.
  • Update monthly Loan Rate Changes to indexes.
  • Complete Loan Confirmation requests.
  • Prepare loan payoff requests. 
  • Follow up on pre-closing and post-closing loan exception items.
  • Attend Loan Committee meetings and accurately interpret information from credit memos, legal documents and loan policy, ensuring loan documents adhere to Reinvestment Fund’s loan policy and approval requirements.
  • Review Promissory Notes prior to closing to ensure the loan servicing system will correctly support the servicing of loans as stipulated in the documents.
  • Provide customer service to external customers (borrowers, third party participants, vendors, auditors) and internal customers (lenders, Finance Department, other RF employees)
  • Provide back-up to other Lending Administration staff and reply to requests by Lending team as needed  

Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • High School diploma required, secondary education preferred
  • 5+ years relevant experience in loan administration in a commercial real estate lending and servicing environment is required
  • Strong technical expertise in documentation, closing and administration functions, including thorough knowledge of lending process, commercial real estate and, title insurance, appraisal compliance, loan accounting and data systems. Competency with loan servicing, as well as experience with reporting tools
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Excellent verbal and written communication skills
  • Proficient in MS Office – Word, Excel, SharePoint, Access, Outlook
  • Ability to function in a team environment

Compensation:

Reinvestment Fund offers a competitive salary based on experience and skills, 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, professional development, paid time off, and EAP program.

How to Apply:

Please complete the employment application (online at www.reinvestment.com/careers/apply) and attach your resume and a cover letter with 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.  

Special Assistant to the CEO Neighborhood Trust Financial Partners
New York, NY
Job Function: Administrative/Operations/IT
Posted: November 15, 2017

Background:

Neighborhood Trust’s mission is to empower low-income individuals to become productive participants in the U.S. financial system and achieve their financial goals. Neighborhood Trust serves more than 8,000 clients each year on a national scale via its specially trained corps of 20+ Financial Advisors delivering tech-enabled services within employers across 3 states (and growing) and its national Pathways Program providing capacitybuilding services to the credit union industry. Neighborhood Trust is regarded as an industry leader in the financial empowerment field. Today we are cultivating our model as a scalable social venture that encourages financial services innovation. We are growing quickly with strong support from leading foundations and strategic partnerships cultivating national visibility and thought leadership.

Position Summary:

Neighborhood Trust Financial Partners (NTFP) seeks a full-time Special Assistant to ensure that the CEO has a skilled, accountable resource to support her effectiveness, including calendaring, time management, special projects, and serving as a sounding board, researcher and advocate on select external and internal projects. The Special Assistant will report to the CEO and work closely with Neighborhood Trust’s Executive Team. The Assistant will work across the organization, interact with Neighborhood Trust’s stakeholders, partners, Board of Directors, and will immerse themselves in the financial empowerment field and Neighborhood Trust’s role as thought leader. This is a strategic and organizational role. As the CEO’s ‘trusted counsel’, the role requires a highly- resourceful individual with strong emotional intelligence, self-motivation, and strong project management, writing, and analytical skills.

Responsibilities:

This Associate Director-level position reports directly to Justine Zinkin, Neighborhood Trust’s CEO, and encompasses five primary accountabilities:

  • Coordination of CEO’s calendar, overall time management and work planning. This is a project and relationship management function, helping to balance external relations efforts (funder meetings, conferences, etc.) with strategic and management priorities.
  • Preparation for and follow up on “critical path” CEO meetings (e.g., with executive leadership, partners, funders, board members and peer executives). Communications range from the CEO update at Board meetings, to follow up correspondence related to the CEO’s various meetings, to various speaking engagements involving external audiences.
  • Management of Major Gift relationships, focusing on individual donors. The Assistant will help design and execute on tailored cultivation and relationship management efforts for a growing number of donors and prospects of Major Gifts.
  • Coordination of and independent leadership on special projects ranging from staff meeting presentations to thought leadership pieces to be authored by the CEO to convening thought leaders on various topics.
  • Support the executive team’s communications with the CEO: The Special Assistant will help facilitate decisions the executive and senior staff need receiving feedback on from the CEO. S/he will support the needs of the executive and senior staff in their ability to raise critical issues with the CEO.

Requirements:

The ideal candidate

  • Has exceptional project management skills
  • Is eager to grow with Neighborhood Trust
  • Thinks on her or his feet and have a high processing speed
  • Is extremely organized
  • Is strong on timely execution
  • Is a horizontal thinker
  • Takes a glass-half-full approach to today’s challenges
  • Is a natural writer
  • Can laugh at herself or himself from time to time and have thick skin
  • Gives everything 10% more than it requires
  • Has superior written and verbal communication skills and demonstrated ability to be flexible, efficient, and diplomatic with diverse constituent groups
  • Has an optimistic approach to everyday work challenges

Compensation:

Some Things to Look Forward To

  • High performers at Neighborhood Trust are given substantial opportunity to grow and develop.
  • The team is passionate, smart, entrepreneurial and creative.
  • Our work matters. We aim to ensure low-income families become financially secure.
  • You’ll earn a competitive salary and benefits.
  • Financial inclusion is a young industry and financial services are ripe for innovation.
  • We are an organization in perennial transformation mode so you will be an architect of something creative and impactful.

SALARY

  • Commensurate with experience. Competitive benefits package offered.

How to Apply:

Send the following to hr@neighborhoodtrust.org with the subject line “Assistant to the CEO Application – [Your Name]”

  • A written description of why you want to join Neighborhood Trust’s team and what value you’ll add (think cover letter, but more direct and real)
  • Your résumé Neighborhood Trust is committed to a workplace culture of collaboration and respect.

We are dedicated to ongoing professional development for our employees, supporting career growth and opportunities for advancement within the organization. Neighborhood Trust is an equal opportunity employer and we are committed to equal employment opportunity in all decisions related to employment, promotion, wages, benefits and all other privileges, terms and conditions of employment.

ENERGY Program Assistant WEDI Buffalo
Buffalo, NY
Job Function: Administrative/Operations/IT
Posted: November 14, 2017

Background:

ENERGY Program Assistant Description
 
Position Title: ENERGY Program Assistant
FLSA Status: Non-exempt, part-time
Core Program Competencies: Education
Supervisor’s Title: ENERGY Program Coordinator
Location: Buffalo, NY
Organization Mission: WEDI empowers economically disadvantaged people in Buffalo, with a primary focus on the West Side community.
Websites: www.wedibuffalo.org, www.westsidebazaar.com
 
Education Program Overview:

WEDI’s guiding principle for its Education Program states that English language learners acquire comprehension and fluency to attain parity with native English-speaking peers, which in turn promotes high graduation rates, family health, and a strong community. The ENERGY Literacy for Children and FLY after-school programs serve 58 English language learners from Buffalo’s West Side who are in grades 1-6 and 6-8, respectively. In the 2016-2017 school year, 90% of ENERGY students progressed in their reading ability, with 43% of students improving one grade level or more, as evidenced by reading assessments. The program maintained an average ratio of one volunteer mentor per student. FLY implements project-based learning that has helped to increase grade-point averages for over 80% of its students.

Position Summary:

WEDI’s ENERGY Program Assistant is responsible for assisting the ENERGY Program Coordinator with daily planning and operations of ENERGY Programming. This includes a six-week summer program, in addition to the ENERGY Literacy Program, which occurs every Tuesday, Wednesday, and Thursday, from 4:30 to 6:30 during the school year. The ENERGY Program Assistant will assist students and volunteers, individually or in small groups, during reading and writing time by modeling for volunteers (e.g. reading stories, listening to students reading, facilitating activities, checking homework, etc.) for the purpose of presenting and/or reinforcing learning concepts. ENERGY Program Assistant will attend WEDI staff meetings and task force meetings as schedule allows.

Responsibilities:

  • Assist ENERGY Program Coordinator in the day to day planning and operations of the ENERGY Program
  • Supervise volunteers and groups of students in a variety of settings
  • Program data entry using Outcome Tracker and Nationbuilder
  • Transport students to and from program as necessary
  • Run the ENERGY Program in the event that the Program Coordinator is unable to attend
  • Assist in the planning, coordination, and execution of a six-week summer program
  • Daily lesson planning and preparation of activities and materials
  • Assist with ongoing volunteer recruitment and training 
  • Manage the library and ENERGY Store, delegating tasks to volunteers when possible
  • Manage, sort, and organize program supplies and donations
  • Filing, copying, and scanning for all aspects of the Program
  • Maintain program supplies and equipment, work area, student files/records for the purpose of ensuring availability of items and/or providing reliable information
  • Collect and grade book reports - disburse ENERGY bucks
  • Prepare and set up for Enrichment Activities when necessary – may also create activities and teaching units
  • Tidy space at the end of the day 
  • Represent WEDI and the ENERGY Program at events as needed
  • If schedule allows, attend ENERGY task force meetings
  • Other responsibilities deemed necessary by the ENERGY Program Coordinator

Requirements:

  • Bachelor’s degree or equivalent, preferably with an emphasis on Education, Social Services, Literacy or TESOL
  • A valid driver’s license and access to reliable transportation
  • Experience working with youth, preferably in an educational setting
  • Excellent critical thinking, interpersonal, and analytical skills
  • Proven strong oral and written communication skills
  • Passionate about empowerment programming that serves diverse low-income communities

Preferred Qualifications

  • Experience working in a non-profit, mission-driven organization
  • Ability to complete tasks quickly and on schedule; ability to manage multiple projects
  • Competent and efficient in Google applications, MS Office, and internet applications, including database systems for data tracking
  • Demonstrated problem-solving skills; high accuracy in work and attention to detail

Compensation:

Salary or hourly pay will be commensurate with education and experience.

How to Apply:

Please send a resume and cover letter to awojciechowski@wedibuffalo.org.

Quality Standards Manager Aeris Insight Inc.
Philadelphia , PA
Job Function: Credit
Posted: November 13, 2017

Background:

Aeris guides capital to good by working at the intersection of risk and impact to serve the impact investing field.   Since 2004, Aeris’ due diligence and data have helped investors to source, underwrite, and monitor investments that meet their risk parameters and impact goals. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more.  

Position Summary:

Aeris applies its proprietary rating methodology to assess a community investment loan fund’s impact management and financial strength. The impact management rating assesses alignment of the community investment loan fund’s programs and products with its mission, how effectively the community investment loan fund uses its resources—both on-and off-balance sheet, the appropriateness of output and outcome data, and how such data is used by the loan fund to determine the effectiveness of its products and strategies relative to its mission. The financial strength and performance rating assesses overall creditworthiness from the perspective of an unsecured investor with a three-to-five-year investment horizon based on an in-depth analysis of capital strength, asset quality, management capacity, earnings, and liquidity (CAMEL).

Aeris is expanding its due diligence beyond community investment loan funds to other sectors and investment instruments in the impact investing market.  The Quality Standards Manager may be asked to provide quality review services on other engagements.

Aeris analysts are finance professionals, and are among the most experienced and sought-after impact investment advisors and underwriters in the field.

Aeris’ rating analyses are based upon a rigorous and comprehensive due diligence process that culminates in a concise and thorough written analysis which addresses all the organizational and financial strengths and weaknesses of the rated entity, which are significant for the investor. 

The rating process involves:

  • analyzing five years of financial information, including audits and portfolio performance reports, and review of written policies and narrative documents relating to impact, financial performance, and management; 
  • conducting one to two days of interviews with management and board members; 
  • developing opinions on the significant strengths and weaknesses of the organization and its performance, which support the recommendation of a rating, 
  • writing the Rating Report, averaging 45 pages in length including a number of standard and custom tables and charts; and 
  • presenting the rating report and opinions with a recommended rating to the Aeris rating committee.

Analysts and management make up a rating committee via conference call for each rating analysis. Using the rating analysis report, committee members score a community investment loan fund based on codified ratings guidelines. Ratings are finalized based on committee discussion and responses of questions posed to the analysts.

Responsibilities:

The Quality Standards Manager will be assigned specific rating analyses, to work with and support the analyst(s) by performing a detailed quality review of the final draft report, and will be responsible for the following:

  • Ensuring that Aeris rating analyses identify all relevant credit and impact management issues;
  • Ensuring that the opinions expressed in the Aeris rating analyses are significant, sound, and substantiated; 
  • Ensuring that Aeris rating analyses meet the highest quality standards of professional business writing and accuracy of facts and figures;
  • Ensuring that Aeris rating analyses adhere to our standard report format and writing conventions;
  • Working collaboratively to develop analysts’ analysis and writing skills;
  • Contributing to the refinement of analysis presentations, identification of emerging issues for the field, tools to support analysts;
  • Participating in Rating Committees on analyses that received quality review from other team members.

Requirements:

Successful candidates must have:

  • Solid understanding of accounting concepts;
  • Understanding of due diligence analysis from the perspective of an unsecured fixed-income investor;  
  • Understanding of relativity and materiality of credit and impact management issues;
  • Excellent writing and editing skills;
  • Good communication and coaching skills;  
  • Excellent attention to detail and good with rote processes.

Additional desirable qualities include:

  • Understanding of the issues, trends, and operations of community investment loan funds and other sectors of the impact investment field;   
  • Experience assessing both quantitative and qualitative aspects of organizations.

Compensation:

This is a part time 20-hour-week, work-from-home position. Some flexibility to accommodate fluctuating workflow and deadlines is required. Salary commensurate with experience.

How to Apply:

Please send statements of qualifications electronically to: Karen Seabury, Director of Ratings at careers@aerisinsight.com.

Statements of Qualifications should include:

  1. A cover letter stating your interest and relevant experience,
  2. A full resume or CV, and
  3. At least two writing samples demonstrating expertise in both financial analysis and written communication.

Search: Quality Standards Manager

Aeris Insight Inc.

Email: careers@aerisinsight.com

Loan Processor Housing Assistance Council
Washington, DC
Job Function: Lending/Loan Operations
Posted: November 8, 2017

Background:

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

HAC is a nonprofit corporation located in Washington, DC with regional offices in Atlanta, GA; Kansas City, MO; and Albuquerque, NM.

Position Summary:

The primary function of the Loan Processor is to ensure the timely and accurate packaging of all loans originated by Loan Officers to entities engaged in affordable housing activities in rural communities throughout the United States. He/she acts as the liaison between the borrower, the Loan Officer, and Portfolio Manager (loan closing officer) around loan closing conditions to ensure timely submission of complete and accurate documentation once loans are approved and committed.

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

Responsibilities:

  • Review initial loan approval and work with borrower to gather appropriate documentation.
  • Ensure that all loan closing conditions, as approved, are satisfied. 
  • Collect and organize required documentation/information for the loan closing package in accordance with Loan Fund policies and procedures.
  • Generate loan documents including Loan Agreement, Promissory Note, and Deed of Trust for new loans based on loan commitment sheet.
  • Create a loan submission package and submit to the Portfolio Manager (loan closing officer) for loan closing.
  • Work with borrowers, in consultation with the Loan Officer and/or Portfolio Manager (loan closing officer) to resolve loan documentation concerns or issues that may arise.
  • Engage title company and order preliminary title commitment or pro forma policy for identified real property.
  • Communicate with other professionals, including attorneys, county clerks, and other third parties.
  • Attend weekly team meetings to review status of approved commitments and status of loan closings.
  • Process lien releases and reconveyances of collateral as required.
  • From time to time work on miscellaneous projects and initiatives related to either the lending functions or across the organization as needed.

Requirements:

Required

  • Associate degree in Finance or related field or a minimum of two years related work experience in a financial lending or real estate development entity processing single-family or multifamily housing loans.

  • Basic knowledge of loan closing processes and requirements.

  • Effective written and verbal communication skills.

  • Excellent organizational skills, strong attention to detail, and ability to prioritize and manage multiple tasks/projects and meet deadlines.

  • Experience working in Microsoft Office 365 and other specialized mortgage lending databases.

  • Ability to protect and maintain confidentiality.

  • Willingness to occasionally work long hours including some weekends and evenings.

 

Preferred

  • Knowledge of and experience with standard principles and legal procedures related to real estate transactions, property transfers, and collateral.

  • Commitment to social justice issues and interest in rural, low-income housing.

Compensation:

The salary for this position is negotiable based on experience and qualifications. HAC offers an excellent benefits package including health coverage, disability and life insurance, flexible spending accounts, and employee pension contributions.

How to Apply:

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

Please contact or submit resume, along with salary history and requirements to:
Yvonne Rivera, CSP (yrivera@nonprofithr.com
Director, Talent Acquisition
Nonprofit HR 
1400 Eye Street, NW, Suite 500
Washington, DC 20005
(202) 644-742

Loan Closing Specialist Bridgeway Capital, Inc.
Pittsburgh, PA
Job Function: Lending/Loan Operations
Posted: November 8, 2017

Background:

Bridgeway Capital, headquartered in Pittsburgh, Pa., makes western Pennsylvania a thriving region for all by promoting economic opportunity and community revitalization.  As a nonprofit lender founded in 1990, Bridgeway Capital serves 15 counties from 3 offices.  Bridgeway Capital has placed more than 1,277 loans and $155 million in capital directly into the region, supporting $470 million in additional investment and helping to create or retain more than 11,000 jobs. It manages $96 million in capital. It is a market-driven, private-sector financial intermediary with a social mission.   Bridgeway made over $20 million in loans in 2017 and is certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department.  Bridgeway is rated by the Aeris Rating system for CDFI’s. 

Position Summary:

Bridgeway Capital is seeking a Loan Closing Specialist to coordinate, monitor and facilitate loan closings. The position supports the work of the Lending and Credit Management Teams and involves direct contact with our service agencies, borrowers, and clients. The position ensures the efficient closing of Bridgeway loans, allowing the lending program to expand its impact in low- and moderate-income neighborhoods. This position is also responsible for providing legal analysis support through review of client-provided documentation such as trust certificates, and entity formation documents (i.e. corporations, partnerships, L.L.C, etc.) to determine applicable elements (such as authorized signers, borrower/pledgor structure) and to recommend appropriate structure to minimize risk to the Bank.

Responsibilities:

Manage all aspects of the loan closing process

Assist with coordinating transitions between the loan origination and underwriting, approval and commitment, closing and loan activation

  • Review credit files prepared by lenders, loan committee and board approvals, and other related documents in preparation for closing, checking for file completeness and approval condition requirements
  • Prepare commitment documentation
  • Prepare requests for Bridgeway’s legal representation and obtain proper retainer acknowledgments
  • Schedule loan closing dates in coordination with all involved parties while maintaining communication between Bridgeway staff, borrowers, attorneys and third-party vendors
  • Prepare closing packages, including checklist, disbursement request and funding directions maintained for safekeeping by Bridgeway
  • Ensure that all required documents are obtained pre- and post-closing and appropriately filed and maintained for safekeeping by Bridgeway
  • Audit the loan account set-up in the portfolio management software system (Nortridge) and coordinate with the Loan Administrator to assure the credit file is complete prior to loan activation
  • Process the collection and payment of fees to Bridgeway and vendors as required post-closing
  • Coordinate and oversee the preparation of loan documentation for staff level credit approvals made without legal counsel
  • Handle Uniform Commercial Code, Mortgages and other related lien filings as well as assist with the ongoing monitoring and management of loan collateral and security, including insurance coverage, real estate tax payments, deposit account verifications, etc.
  • Other tasks as needed and assigned

Requirements:

  • 2+ years previous experience in lending, real estate closing and/or community development finance environment
  • Superior attention to detail and accuracy
  • Outstanding oral and written communications skills
  • Strong analytical skills, quantitative ability and critical thinking
  • Ability to work effectively in a highly collaborative team work environment
  • Ability to train and assist other staff members
  • Proficient in Microsoft, with some exposure to Nortridge and Salesforce 
  • A college degree is preferred and a paralegal certificate is desirable

Compensation:

Competitive salary based on experience. Comprehensive benefit package includes health, dental, vision, life and disability insurance, retirement plan and flexible spending accounts.

Bridgeway Capital is an Equal Opportunity Employer. 

How to Apply:

connect@bridgewaycapital.org

Contractor Data Analyst Aeris Insight Inc.
Philadelphia, PA
Job Function: Accounting
Posted: November 8, 2017

Background:

Aeris guides capital to good by working at the intersection of risk and impact to serve the impact investing field. Since 2004, Aeris’ due diligence and data have helped investors source, underwrite, and monitor investments that meet their risk parameters and impact goals. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more.

Position Summary:

The 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:

  • Work with Aeris Operations team to understand CDFI financial presentation.
  • Prepare CDFI financial statements and performance metrics for Aeris quarterly reporting by mapping data into Aeris’ proprietary Cloud database.
  • Proofing and finalizing quarterly financial statements and reported performance data.
  • Communicate with CDFIs regarding clarification of materials submitted and requests for additional 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:

Compensation commensurate with experience. Please include hourly rate in cover letter.

How to Apply:

To apply, submit a letter of interest and resume to:

Search: Contractor Data Analyst

Aeris Insight Inc.
Email: info@aerisinsight.com
Women and minorities strongly encouraged to apply

AmeriCorps - Economic Development Specialist WEDI Buffalo
Buffalo, NY
Job Function: Lending/Loan Operations
Posted: November 7, 2017

Background:

Since 2007, WEDI has served the City of Buffalo by tutoring children, building and rehabbing housing, and developing businesses through training, microlending, and a small business incubation. We primarily work with refugees, immigrants, and low-income individuals with programs and services tailored to these communities. We have over 350 people interested in small business services with over 80 operating business startups and over 50 loans disbursed.

Position Summary:

Guide minimum of 100 small business owners and/or burgeoning entrepreneurs through the process of starting or expanding a business through the Economic Development Program via financial literacy, financing, business counseling, and technical assistance training.

Responsibilities:

Essential​ ​Functions​ ​and​ ​Responsibilities:

  • Recruit prospective and current business owners interested in accessing business training, technical assistance, and business loans in the neighborhoods and communities of Buffalo, NY.
  • Provide one-on-one technical assistance to clients in financial literacy, credit, and business counseling, to establish financial stability and help them start or expand a business.
  • Support clients in developing business plans, business financials (including interim), and financial projections.
  • Recruit volunteer business coaches, match the coaches with appropriate clients, and manage these connections.
  • Guide clients through the microloan application process adhering to SBA and CDFI standards.
  • Assist in the underwriting of credit-building and business loans up to $20,000.
  • Log, monitor, and report the information in Loan Management database system.

Possible​ ​Functions​ ​and​ ​Responsibilities:

  • Support EDD in program development, including statistical analysis, project management, and other duties as assigned.
  • Develop economic development programs to benefit clients and/or other West Side residents.
  • Gather research to augment EDD’s current work.

Requirements:

Required​ ​Knowledge​ ​and​ ​Skills:

  • Strong knowledge of business plans, cash flow models, and other general business topics.
  • Strong understanding of lending, including credit history and collateral.
  • Strong customer service tendencies, especially in cross-cultural contexts.
  • Ability to manage, organize, and update relevant data using both cloud-based and software database applications, including loan management and outcome tracking systems.
  • Ability to create statistical tools and reports using spreadsheets.
  • Competent in MS Office products, Google products, email and internet applications.
  • Fluency in English language, both oral and written.
  • Demonstrated problem solving and people skills.
  • High accuracy in work, attention to detail.
  • Proven oral and written skills.

Preferred​ ​Knowledge​ ​and​ ​Skills:

  • Fluency in Spanish language, Asian/African languages, and/or Arabic.
  • Knowledgeable or ability to learn the neighborhoods and communities of Buffalo, NY, and immediate surrounding areas.
  • Bachelors in Business, Economics, Finance, or a related field.

Compensation:

For information about compensation, please visit: http://www.wedibuffalo.org/edc-americorps

How to Apply:

To apply, please visit http://www.wedibuffalo.org/edc-americorps

CEO The CARes Project, Inc.
Mocksville , NC
Job Function: Administrative/Operations/IT
Posted: November 6, 2017

Background:

The CARes Project, Inc. is an emerging CDFI that offers low interest car loans to credit-challenged working adults in Davie County, North Carolina. It was incorporated in June 2016 and opened in October 2017. CARes is a 501-c3 non-profit corporation incorporated in the State of North Carolina. CARes is a break-through initiative of United Way of Davie County (N.C.). Davie County is a rural county with one small town of Mocksville, NC.  Approximately 65% of the working adults in Davie County commute to another county to work by car. The CARes Project, Inc. is funded by the CDFI Fund, United Way of Davie County, the Davie Community Foundation, Walmart(s), and private donations.  CARes was started by David Roddick who now serves as the CEO. CARes is currently located in the United Way of Davie County building in Mocksville, N.C. Much more information about CARes can be found at our website: www.thecaresproject.org.

Position Summary:

The Chief Executive Officer (CEO) of The CARes Project, Inc. (CARes) is the top executive staff member of The CARes Project, Inc. The CEO is accountable to the Board of Directors (BOD) of CARes and directly reports to the President of the Board of Directors. The CEO is responsible for implementing the policies of CARes as established and approved by the BOD.

CARes plans to hire the new CEO around February 1, 2018. CARes has been approved for a TA grant from the CDFI Fund that will cover the CEO's salary and benefits for approximately two years.

Responsibilities:

1. to properly operate CARes (new policies and changes to existing policies require BOD approval)

2. Responsible for developing an annual budget for CARes that would be presented to the BOD for approval

3. Responsible for developing  a  3-year projected (future) budget for CARes that will be reviewed by the BOD Work with the clients served with guidance and direction to achieve the goals and objectives as established for each client within the guidelines of established program policies, procedures, and protocol of CARes

4. Treat all clients with respect and show no favoritism towards (or against) any client

5. Direct and work with subordinate staff of CARes to insure #1 & #2

6. Work directly with clients throughout the time a client is involved with CARes including financial and credit counseling and coaching

7. Train subordinate staff to deal with clients in the areas of a financial and credit counseling and coaching

8. Insures that CARes maintains all records (especially client files) updated, secured, and confidential

9. Responsible for making sure CARes completes all reporting requirements on a timely basis to the IRS, CDFI Fund, other government agencies, and funders and maintains a copy of that information in a secured file at CARes (exception: certain files are kept secured on secure websites)

10. Required to keep all Internet information as secured as possible and that computer data is backed up in a timely manner as appropriate

11. In charge of fund raising and maintaining funding necessary for the sustainability of CARes 

12. Become and remain active and engaged in the community to promote CARes to the community and to raise funds for CARes from community resources

13. Must maintain communication with community partners (those organizations and individuals in the community that assist with CARes carrying out its mission)

14. Secure funding from local, state and national sources including but not limited to: United Way(s); community, regional and national foundations; local and national businesses; local, state and national government agencies; and other local, state, and national sources

15. Responsible for the preparation and maintenance of all financial records in a complete and proper format as set by GAAP (Generally Accepted Accounting Principles)

16. Responsible for properly tracking and accounting for all income and expenses of CARes

17. Insures that income to CARes is properly documented, secured, and deposited in the bank account(s) of CARes

18. Responsible for insuring that all disbursements of CARes funds are appropriately authorized and documented

19. Responsible for over-seeing any additional staff of CARes

20. Responsible for proposing to the BOD the hiring of additional staff as needed and financially feasible for the proper operation of CARes

21. Responsible for discipline and termination of employees as specified in already established CARes policies.   

22. Assists the BOD in developing and modifying, as necessary, the policies and procedures needed

Requirements:

1. Must have at least an undergraduate degree in a field related to the basic mission of CARes as determined by the BOD 

2. Must have actual work experience from a business or non-profit organization where gained knowledge in working with those similar to the client base served by CARes  

3. Should have experience in personal financial management and personal credit management

4. Must have prior experience in personnel management and fund raising

5. Must be able to demonstrate professionalism while maintaining compassion for those served

6. Must be of high moral and ethical standard

7. Must remain transparent and accountable to the BOD

8. Must adopt and promote the vision and mission of CARes as established by the BOD.

Compensation:

It is the desire of the BOD of CARes to provide the CEO with comparable compensation and benefits to those in similar roles within the community.   Starting salary: $40,000-$50,000(excluding benefits)

How to Apply:

email david@thecaresproject.org

Executive Director Hopi Credit Association
Keams Canyon, AZ
Job Function: Financial Services
Posted: November 3, 2017

Background:

HCA is a non-profit lending organization founded in 1952 and is a Certified Native Community Development Financial Institute (CDFI) located on the Hopi Indian Reservation in northern Arizona.  HCA provides loans for Hopi members in consumer, business, home construction & home improvement, and financial education services - all intended to promote personal, community and economic growth.

Position Summary:

The Executive Director directs the overall operations of the HCA, assuring quality control over all aspects of HCA operations, ensuring financial soundness of the organization, compliance with HCA’s policies and procedures, and professional delivery of products and services in line with its Mission.

Responsibilities:

  • Provides planning, leadership and strategic direction in managing, directing, and administering the HCA.
  • Leads the Board in developing short & long-range strategic plans that clarify the direction HCA is taking to meet the needs of its target market in fulfillment of its mission.
  • Evaluates existing capital & revenue generating capacity and establish new pathways to private & public capital that will generate sustainable programs and activities that support the organizational mission, while simultaneously planning for retiring any accumulated debt.
  • Oversees the preparation of an annual operating budget, control expenditures, ensure sources of revenue meet the expenditures, and ensures HCA books are audit ready.
  • Creates/implements tracking systems to measure progress /impacts against stated milestones and goals that can be effectively communicated to the Board, funders and other constituents.
  • Formulates and execute effective marketing, branding and development strategies.
  • Oversees the recruitment, employment, training & development of personnel.  Assure personnel policies are adequate and current.
  • Develops and actively maintain partnerships with outside entities and individuals relating to funding, lending, financial literacy and assure an active public relations program to ensure visibility and support for HCA. 
  • Other duties as assigned.

Requirements:

  • Bachelor’s or master’s degree in nonprofit management, business or public administration, or related field and a minimum of 5 years work experience in executive management..
  • High emotional intelligence and excellent communication skills required to build and maintain strong relationships with other non-profits, funders, and community stakeholders.
  • Excellent grant writer with a proven track record for raising funds from multiple sources, including CDFI/NACA funding.
  • Skilled in non-profit management and human resources best practices, laws & regulations.
  • Experience managing a budget and performing business and program analysis.
  • Excellent written, oral and social media communications skills at all levels.
  • Excellent understanding and hands on operations of automated data processing systems applicable to fiscal and loan management.
  • Excellent customer service and public relations skills

Compensation:

Compensation for this position is negotiable and includes full benefits; Open until filled.

How to Apply:

To view the full Position Description and download the job application please log on to www.hopi-nsn.gov/hopi-credit-association and forward both application and resume to wayne@hopicredit.us or mail to Hopi Credit Association, P.O. Box 1259, Keams Canyon, AZ  86034.

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