Background:
Capital Impact Partners, headquartered in Arlington, VA, operates nationally, with local offices in Detroit, MI, and Oakland, CA. For over 35 years, Capital Impact Partners has been a nonprofit mission driven lender that has supported the development of low-income underserved communities nationwide, focusing on five key sectors - health care, education, healthy foods, housing and aging. Capital Impact is also supporting the redevelopment of Detroit through multiple partnerships with banks and foundations.
Position Summary:
Capital Impact Partners seeks a Senior Director, Strategic Lending Initiatives (DSLI) to strengthen its Lending Team. The Senior Director, Strategic Lending Initiatives is responsible for identifying, pursuing, leading and implementing strategic lending initiatives to enhance Capital Impact’s Lending Group’s work. The DSLI will strengthen Capital Impact’s leadership in the Community Development Financial Institution (CDFI) industry and impact investing fields by ensuring we proactively pursue emerging opportunities that deepen Capital Impact’s impact in uprooting social and economic barriers facing low-income populations, building partnerships, pursuing thought leadership opportunities, and staying abreast of trends. The role builds upon a solid understanding of Capital Impact’s position, internal processes, strengths and a track record of the successful implementation of new lending initiatives.
Responsibilities:
JOB RESPONSIBILITIES:
Lead the design and development of new lending initiatives and loan products
Drive opportunities for strategic lending growth while aligning resources to specific target markets and sectors through leadership of the development and implementation of strategic lending initiatives related to Capital Impact’s theory of change, including capital development program design, internal capacity building, stakeholder relationship management, etc.
Lead and facilitate the development of lending products that respond to community needs while increasing CIP’s brand presence and market for products in its defined geographies.
Incorporate sector knowledge into those products through coordination of direct staff with subject-matter responsibilities and contractors for research.
Be accountable to the Lending Initiative Steering Committee members as well as other internal staff as required.
Build and maintain a strong network of partners for strategic lending initiatives and increase CIP’s visibility
Work with key leadership staff, identify, cultivate, and maintain strong relationships with our network of partners and new partners (including state and local agencies, foundations, impact investors, banks, community organizations, thought-leaders and others).
Represent Capital Impact in public forums across markets and present a comprehensive view point of Capital Impact and what we do.
Build and maintain a network of relationships connected to public and private resources that CIP may leverage to support the development of new or revised lending products that support CIP’s mission and identify trends in the allocation of those resources, planning and managing efforts to attract funding in support of lending initiatives.
Lead lending strategy planning process
Coordinate the annual planning process, define priorities, tactical plans and deployment strategies for lending activities and all new lending initiatives.
Develop strategies in conjunction with, and lead the Lending Team’s delivery of content to the internally-designated lead project manager for written applications submitted to secure funding for new lending initiatives, including state, local grant and subsidy funding, program-related investments, grant funding from foundations and other funding/financing partners that support activities within Capital Impact’s target markets and major federal funding sources through the CDFI Fund (e.g., FA, HFFI, NMTC, Bond Guarantee Program), federal Department of Education, etc. and review final applications to ensure consistency with lending strategy.
Design innovative lending solutions
Identify opportunities to use funding solutions to market problems within and adjacent to core sectors and geographies, grounded in research on critical barriers to economic and social mobility facing low-income populations and created by changes in public policy, financial markets, demographics, or other factors.
Work closely with internal sector and market experts and external partners to identity capital gaps and opportunities for CIP to grow its lending activities.
Requirements:
JOB REQUIREMENTS:
Bachelor’s degree
12 to 15 years in lending. Strong preference for experience in the CDFI industry and/or real estate lending experience;
Knowledge of community development finance (secured real estate) as a lender; ability to identify emerging opportunities with strategic relevance to CIG lending initiatives;
Familiarity and understanding of CIP’s risk profile for lending with the ability to apply to new lending initiatives development;
Strong project management and relationship management skills; high level of competency to handle multiple projects and relationships and manage progress; very organized, detail-oriented and customer service oriented;
Documented experience writing successful capital development, business development proposals;
Excellent communication, presentation and interpersonal skills; strong written and verbal communication skills; strong negotiation and research skills;
Exemplary work ethic; experience working across different disciplines; ability to work both independently and within a team structure; problem solver; resourceful and team player;
Proven ability to work effectively across internal and external teams;
Excellent organizational skills, problem solver, able to work in a team atmosphere where his or her manager is not in the same office;
Proficiency with Social Media platforms, Microsoft Office (particularly Word, Excel and PowerPoint), Google Suite, Moody’s Lending Cloud and other related systems
Compensation:
$150,000 - $185,000
How to Apply:
https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....
Background:
Capital Impact Partners, headquartered in Arlington, VA, operates nationally, with local offices in Detroit, MI, and Oakland, CA. For over 40 years, Capital Impact Partners has been a not-for-profit mission driven lender that has supported the development of low-income underserved communities nationwide, focusing in five key sectors - healthcare, education, healthy foods, housing and aging. Capital Impact is also supporting the redevelopment of Detroit through multiple partnerships with banks and foundations.
Position Summary:
Capital Impact Partners seeks a Structured Finance Manager (SFM) to be responsible for managing of capital within the context of approved lending initiatives. The Lending Initiatives are driven by external capital provided to Capital Impact - grant and/or borrowed funds - in order to support a specific set of activities or focused lending and excluding the need to create separate legal entities; they do not include the sale of loan exposure to other lenders, such as participations or syndications, in the ordinary course of business. The Structured Finance Manager is the lending initiative expert, the main point of contact internally and with the external provider of funds once an initiative is operational. In addition, the SFM is responsible for managing lending initiatives that span all market sectors, multiple geographies and various loan products, providing to loan officers guidance and knowledge of funding source parameters to incorporate in lending initiative transactions, working with staff to assure accurate and timely performance reporting and compliance, and monitoring overall performance and final evaluation of lending initiatives.
Responsibilities:
Key Responsibilities:
Reporting and Compliance (Internal and External)
Establish a revised structure of compliance reporting accountability and responsibility related to funding sources used for lending initiatives.
Ensure all information required from the Lending Team for compliance reporting on active lending initiatives is procured and consolidated promptly and delivered to Compliance timely.
Be accountable for the quality and accuracy of data and its punctual delivery to the Compliance department.
Capture the roles and responsibilities for compliance reporting in writing, maintain and update regularly.
Structured Finance Management and Administration
Possess thorough knowledge of Capital Impact’s application for and legal documentation related to acceptance of funds for approved lending initiatives.
Coordinate any research needed of statues, regulations, and guidelines related to government funding source(s) and help develop Capital Impact’s approach to utilizing the funding source.
Document and maintain guides and tactical plans for the effective and efficient deployment of the funds.
Maintain a deep knowledge and understanding of federal, state, or local program or philanthropic-funded sources used in lending initiatives; serve as point person for Lending Team in working with government agency and philanthropy staffs for deploying funds effectively.
Provide structuring assistance to and confirm initiative eligibility for loan officers.
Funder Management
Primary point of coordination for the source of external capital - whether government or philanthropic funder.
Schedule any required periodic meetings between funders and appropriate internal participates.
Write project brief for each loan at closing and share with funder.
Communicate and manage portfolio non-compliance with funders through requests for waiver or approval.
Responsible for internal call for funds communication, filling out the required call for funds request forms, attaching exceptions and collecting required signatures.
Manage external call for funds communication with funders.
Market Research, Evaluation and Communication
Collaborate with internal teams to conduct market research on additional market gaps in all sectors as well as market scan and landscape mapping with partners and in specific geographies.
Responsible for ensuring the completion of and communication related to an initiation evaluation.
Coordinate with internal teams for initiatives that involve operating grants along with lending requirements
Requirements:
Key Requirements:
Bachelor’s degree
5 years in community development lending experience (for community facilities, multifamily rental housing, or small businesses)
Proven results in the area of community development finance, project and program management
Possesses a passion for work in low-income communities
Successful track record of relationship management, external reporting with government and philanthropic funders, for profit investors, community groups and borrowers
Working knowledge of New Market Tax Credits (NMTC)
Familiarity working for a Community Development Financial Institution (CDFI) environment, a plus
Documented experience with other resources and innovative programs that inject public or philanthropic dollars alongside private sector lending capital into underserved neighborhoods is helpful
Comfortability reading and interpreting requirements governing the use of funds in legal documents, statutes, regulations, etc.
Excellent organizational skills, problem solver, able to work in a team atmosphere where his or her manager is not in the same office
Proficiency with Microsoft Office (particularly Word, Excel and PowerPoint), Google Suite, Adobe Acrobat, Salesforce and knowledge of related government submission websites a plus
Compensation:
$108,000 - $130,000
How to Apply:
https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....
Background:
Capital Impact Partners, headquartered in Arlington, VA, operates nationally, with local offices in Detroit, MI, and Oakland, CA. For over 40 years, Capital Impact Partners has been a not-for-profit mission driven lender that has supported the development of low-income underserved communities nationwide, focusing in five key sectors - healthcare, education, healthy foods, housing and aging. Capital Impact is also supporting the redevelopment of Detroit through multiple partnerships with banks and foundations.
Position Summary:
Capital Impact Partners seeks a Business Development Officer to strengthen its Business Development Group. The Business Development Officer is responsible for representing Capital Impact in its lending activities in one or more of its key geographies and leading the sourcing of new loan transactions for greater mission effectiveness through lending. The ideal candidate will have a passion for work in community development and social impact, 4-6 years of experience in lending. Knowledge of New Markets Tax Credits (NMTC) and CDFIs is required.
Responsibilities:
Key Responsibilities:
The Business Development Officer will:
Contribute to loan production goals by identifying lending opportunities and referring them to the loan origination team.
Market Capital Impact lending products and services to existing and new customers and strategic partners.
Respond to loan inquiries and screen potential loan transactions to ensure alignment with Capital Impact’s lending strategy, credit guidelines and loan products/programs availability.
Monitor markets where Capital Impact is active (i.e. market/industry trends, local/state/federal policy environment, community development context).
Manage and attend conferences, events and represent Capital Impact on panels at conferences, workshops and webinars.
Manage relationships with partners and existing and new borrowers.
Work closely with all lending staff to assure excellent customer service.
Participate in strategic planning and innovation process.
Manage loan pipelines for Capital Impact programs and funds.
Requirements:
Key Requirements:
Bachelor’s degree
4-6 years of lending experience. Some experience in community development secured real estate lending.
Knowledge of local markets, federal, state and local community development programs, particularly programs that finance senior facilities, educational facilities, federally-qualified health centers and affordable housing ideal
Candidates should have demonstrated experience in lending and business development, strong sales and communication skills
Passion for Capital Impact’s mission driven work, multiple projects, assignments and meet tight deadlines
Excellent organizational skills, problem solver, able to work in a team atmosphere where his or her manager is not in the same office
Compensation:
$90,000 - $110,000
How to Apply:
https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....
Background:
Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Community Vision provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.
The Consulting Program provides technical assistance in financial management and real estate services for nonprofit organizations. Our team of consultants use wisdom, industry expertise, and passion to improve nonprofit programs and services. Through strategic guidance and trainings, we identify and create strategies to help organizations build operational efficiencies and develop long-term plans to meet financial and real estate goals.
For more information on our programs and services, please visit our website at: https://communityvisionca.org/
Position Summary:
Community Vision works with governmental and nonprofit organizations to develop plans that address the real estate needs of their programs. Focal areas for our work include community arts facilities, multi-tenant centers, mixed-use development and facilities for organizations that serve communities on the margins of opportunity in Northern California.
The Real Estate Consultant will work with Bay Area nonprofit organizations to plan and implement their real estate projects. Specifically, the Real Estate Consultant will provide facility planning, assess organizational financial capacity, identify and evaluate potential sites, negotiate leases/purchase agreements, analyze financial feasibility, assist with selection process for development team members, and assess property and asset management needs.
This position is primarily focused in the Bay Area counties, but may also work in other parts of Northern California.
Responsibilities:
Client Services
• Identify potential clients and enter into contract with them for consulting services.
• Work with clients to determine the goals of their facility projects.
• Work with clients to determine conceptual feasibility of their facility projects.
• Work with clients to assess the real estate options appropriate to their programs and outline work needed.
• Prepare pro forma models of sources, uses and cash flows for the one-time and ongoing costs of a real estate projects.
• Work with clients to assess their asset management options.
• Manage and maintain positive client relationships.
• Assess the capacity of the client’s financial structure to support project costs and debt.
• Organize, plan and conduct workshops on real estate topics.
• Collaborate with strategic partners to integrate real estate training into comprehensive capacity building programs.
• Measure and track results of consulting engagements.
• Assist program staff with creation of marketing materials and marketing strategies for informational workshops.
Business Development
• Represent Community Vision at various community meetings, convenings, and conferences.
• Market Community Vision’s services and products to community based organizations, municipalities, and other potential clients.
Program Management & Administration
• Conduct on-going “best practices” research and document results for the benefit of real estate consulting clients.
• Work with staff to maintain Community Vision’s consultant referral network.
• Attend staff meetings and work with Community Vision staff to coordinate real estate consulting program with other organizational programs.
• Prepare applications and reports to external funders (government agencies, foundations, etc) for third party contracts.
Requirements:
Minimum Requirements:
• 3+ years experience with development of community facilities, affordable housing or commercial real estate.
• Ability to design and build financial analysis models for real estate.
• Bachelor’s Degree in a related field or equivalent experience.
• Valid California Drivers License for required driving.
• Ability to conduct site visits throughout Northern California.
Desired Qualifications, Skills & Experience:
• Experience with nonprofit facility development and/or management.
• Experience with providing technical assistance, consulting and training, including curriculum development, webinars, group presentations and individual consultations.
• Familiarity with commercial tenant improvement construction practices.
• Familiarity with commercial real estate brokerage practices.
• Familiarity with the nonprofit sector and municipalities in Bay Area counties
Compensation:
Compensation and Benefits:
Starting salary is $80,000-$92,000 depending on experience, plus an excellent benefits package including health, dental, retirement plan, three weeks vacation, and a commitment to work/life balance.
How to Apply:
To Apply:
Email to hr@communityvisionca.org. Please write “Real Estate Consultant” on subject line. Resumes without cover letters will not be considered.
OR
Mail résumé and cover letter to:
Community Vision
Attn: HR
870 Market Street, Suite 677
San Francisco, California 94102
Background:
The mission of the Upper Manhattan Empowerment Zone Development Corporation ("UMEZ") is to revitalize Upper Manhattan's economy and quality of life through business, cultural and workforce development investments. The communities we target for investment activity include Central, East and West Harlem, Washington Heights and Inwood. UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over $1.1 billion in private capital, and has funded 100 small businesses.
In 2017, UMEZ became a recognized Community Development Financial Institution (CDFI) with over $80 million in assets. UMEZ is proud to be certified by the U.S. Department of Treasury’s CDFI Fund as part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.
Position Summary:
Summary: The Compliance Officer reports to the General Counsel and is responsible for monitoring compliance with grant and loan agreements and/or contract requirements. This candidate must also be able to develop, implement and update contract management procedures. The Compliance Officer is responsible for analyzing reports from grantees and borrowers; determining with Program or Loan Officers the terms and contributions of any contract amendments or loan restructuring; and presenting recommendations to Senior Management. The Compliance Officer also will work with senior management to research and identify funding opportunities from corporations, banks, government sources, foundations, and other philanthropic organizations to further UMEZ’s mission. In addition, he/she will assist in reporting and database tracking.
Responsibilities:
• Monitor grantees/and borrower compliance with terms and conditions of grant and loan agreements, respectively.
• Work inter-departmentally to monitor and approve project-related fiscal disbursements
• Conduct site visits to evaluate operations of grantees and borrowers and their compliance with grant and loan documents
• Develop internal and external compliance reports
• Develop and modify policies/procedures/systems in accordance with organizational needs and objectives.
• Prepare monthly loans analysis reports and make recommendations to Senior Management regarding loan portfolio performance including allowances for doubtful accounts
• Review loan documents to ensure that required reporting and disbursement procedures are included
• Assist in developing and identifying funding opportunities by undertaking research as directed by the CEO. Recommend options and present findings.
• Assist with preparing funding requests and proposal coordination.
• Prepare funding reports, prospect research, tracking, and collecting necessary data for reporting purposes to funders; update tracking spreadsheets for funding, including deliverables to ensure timely fulfillment of funding requirements.
Requirements:
• 5-7 years of grants and project management experience in community development or related setting
• Bachelor’s degree required. Master’s in Public Administration or comparable graduate degree
• Demonstrated knowledge of funding application procedures, including the development and writing of requests for funding applications.
• Strong interpersonal and communication skills (oral and written).
• Excellent fiscal and organizational skills.
• Community residence and/or familiarity with the Upper Manhattan community preferred
Compensation:
The salary will commensurate with experience.
How to Apply:
Interested candidates should e-mail or mail a resume and cover letter with salary expectations to:
Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Compliance Officer
No Phone Calls or Faxes Please
Background:
Invest Appalachia is an emerging nonprofit organization & impact investment fund (Invest Appalachia Fund), built by regional stakeholders in Central Appalachia. Invest Appalachia is a transformational effort to ignite regional markets, cultivate dynamic talent, and create equitable economic opportunity for Appalachian people and places. Working side-by-side with stakeholders from across the region, Invest Appalachia developed a pathway to finance community-driven projects by blending philanthropic, catalytic and concessionary investment capital to accelerate the critical economic transition happening today in a manner that is just and equitable for all Appalachians. Invest Appalachia will embolden the groups working on the ground in Central Appalachia, offering a blend of capital to build up strengths and abilities as well as address critical gaps in the financing pipeline – we find solutions to make the impossible, possible.
Position Summary:
The Chief Executive Officer of Invest Appalachia will be a dynamic and forward-thinking leader who collaborates to operationalize and launch a successful blended impact investment platform that accelerates market growth in Central Appalachia. The CEO is charged with developing, nurturing and leading effective working relationships with a diverse range of community partners and investors including the Appalachian Funders Network, Central Appalachian Network, financial institutions, local and federal governments, regional planning districts, nonprofit organizations and socially minded corporations. The CEO is responsible for the day to day management of Invest Appalachia and supporting the Board of Directors to ensure alignment with the Invest Appalachia Fund. The CEO is directly accountable to the Invest Appalachia Board of Directors.
Responsibilities:
The CEO shall provide the following functions:
1. Visionary and Strategic Leadership
a. Collaborate with Invest Appalachia Board of Directors, the Appalachia Funders Network Working Groups, Invest Appalachia Working Group & Task Force to refine and implement the Invest Appalachia model to ensure the stakeholder activities and community priorities are aligned.
b. Continue to cultivate the Board of Directors, Community Advisors in their governance leadership role to create effective and transparent working relationships by ensuring open communications regarding the financial, programmatic and impact performance of Invest Appalachia
c. Ensure successful achievement of the board’s regulatory, fiduciary and statutory responsibilities.
d. In partnership with the Board and Community Advisors help build a diverse and inclusive board this is representative of the region, and aspires to increased diversity, and that is highly engaged and willing to leverage, secure and steward resources.
e. Provide tactical and inspirational leadership and to ensure the launch and continued development and management of a professional and efficient organization; establish effective communications and decision-making processes to achieve Invest Appalachia’s short and long-term goals and objectives.
2. Development and Marketing
a. Oversee the creation and execution of a comprehensive donor and investor outreach plan including a short and long-term strategy for securing the capital and resources to advance Invest Appalachia (both the 501(c)3 and the investment fund).
b. Champion strong relationships at the highest levels of local, state and federal government, as well as in the corporate and foundation arenas.
c. Ensure that funds are allocated properly to reflect donor & investor designations, current priority needs and future potential
d. Coordinate a market branding and communications strategy that is dynamic and accurately represents the growth and impact of Invest Appalachia and as well as the investability of the region.
3. Develop Talent, Infrastructure and Operations
a. Motivate and supervise the work of the Community Manager and other consultants supporting the work of Invest Appalachia.
b. Ensure alignment and coordination between the Community Manager and the Investment Manager
c. Lead an annual operating plan implementation process to ensure the strategic goals are brought to life and ensure the delivery of high-quality engagement, services, programs and catalytic capital expenditures to advance Invest Appalachia’s mission.
d. Oversee the investment management of the Fund, partnering with an outside management team and the Board of Directors to ensure alignment and responsible stewardship of the resources.
e. Develop short-and long-term financial plans for the infrastructure and operations of the organization. Develop an annual budget and ensure that sound financial controls remain in place. Set financial priorities to ensure the organization is operating in a manner that supports alignment with our partners, the strategy, the operations and staff.
Requirements:
Qualifications
• Minimum of a Bachelors, Masters, or related advanced degree preferred.
• At least 10-15 years of overall professional experience, with at least 10 years of senior leadership experience is critical; prior nonprofit experience ideal. Management of a regional or multisite organization preferred. Significant experience in board development, talent management, donor relations, advancement, marketing/branding, and fiscal management experience a must.
• Experience working for a Board of Trustees and developing an engaged and effective governance model.
• Demonstrated success in developing and implementing strategic plans, the ability to think strategically, identify new opportunities, and lead change.
• A financially savvy and politically astute leader with the ability to set clear priorities, delegate when required, and guide the ongoing investment in people and systems. Keen analytic, organizational, and problem-solving skills, which support and enable sound decision making.
• Experience with foundation/nonprofit fiscal management, law, budgeting, and investments is critical.
• Excellent trust and relationship-building skills, collaboration, and coalition-building skills with an ability to communicate and work effectively with a variety of internal and external stakeholders. An inspiring, persuasive negotiator able to achieve consensus among differing opinions and perspectives.
• Outstanding presentation and communication skills, and the experience and proclivity to be an outgoing spokesperson, relationship builder, and broad-based philanthropic supporter.
• Must be committed to the region we serve. The preferred candidate will live in Central Appalachia.
• Evidence of ability to lead the mission in accordance with the Invest Appalachia’s guiding values.
Compensation:
Competitive nonprofit salary, based on experience.
How to Apply:
Please send us an expression of interest, your resume and the names of three references to skr@purpletiger.org. Applications will be reviewed on a rolling bases from July 15th onwards. As you prepare your response please feel free to send us any questions to the same email address. We will respond.
Background:
Bringing the Best People and the Best Companies Together Since 1970.
Sparks Group is a leading temporary staffing and full-time recruiting services provider. Whether you are seeking your next opportunity or looking to add talent, Sparks Group is the ideal partner for you! Each of our four divisions (Office, Accounting & Finance, Information Technology, and Creative) specializes in placing professionals in temporary/contract, contract to hire, and full-time roles across a diverse array of staffing categories, positions and levels including: office/administrative, customer service, human resources and talent acquisition, legal support, government and cleared personnel, mortgage/banking, accounting and finance, contracts and procurement, information technology and creative/marketing.
Sparks Group brings over four decades of experience placing professionals in challenging and rewarding positions at many of the area’s most prestigious organizations. Our primary focus is presenting opportunities that match each candidate’s skill-sets, experience levels, career objectives, and growth needs. Sparks Group has regularly ranked as one of the top US staffing and recruiting firms having been named to Inavero’s Best of Staffing Lists® for Client and Employee Satisfaction (2012-2019). Additionally, Sparks Group is proud to have been recently selected for other awards Staffing Industry Analysts’ Best Staffing Firms to Work For (2017-2018), Washington Business Journal Best Places to Work (2017), the Washington Post’s Top Workplaces® List (2017-2018), Forbes® Best Professional Recruiting Firms (2017), and the National Capital Business Ethics Award.
Position Summary:
Sparks Group is collaborating with a leading national lender in the Washington, DC metropolitan area to find an experienced management professional to fill an NMTC Operations & Compliance Manager role. You will strengthen the Fund & Program Operations team in this position and will bring together multiple areas in the company to give understanding, implement structural and procedural controls, ensure that the appropriate data is collected, and that effective management is implemented.
Responsibilities:
- Manage reporting to regulatory agencies, including the registration of investment activities, annual reporting, and response to applicable notices
- Condense partnership agreements, loan agreements and other related documents within compliance
- Ensure that applicable parties maintain their community development status
- Conceive of and execute departmental and organizational policies and procedures streamline quality output while tracking adherence to rules, regulations and procedures
- Coordinate the transition of investments from closing to ongoing monitoring
- Manage NMTC unwinds side by side with the Legal Counsel
- Support the Finance Team’s oversight of financial reporting preparation
- Work with Treasury for cash movement and Accounting for entries by regularly reviewing and understanding revenue and their sources and the uses/payments required for the subsidiary or program
- Manage preparation of investor reports to management, the board of directors and government agencies while keeping general portfolio statistics
- Convert the legal requirements into operational processes as needed
- Keep up-to-date with tax and compliance requirements
- Determine the correct funds to be remitted to investors
- Find and solve any remittance discrepancies with the investor or program manager
- Establish investor setup and open accounts for new loan sales/participations and NMTC deals
- Develop staff training materials and programs
- Learn and use in-house software systems
Requirements:
- Bachelor’s degree required
- Business or Finance degree preferred
- 2+ years of management experience
- 3+ years of experience working in a commercial bank or related industry
- Proven understanding of business concepts, practices and procedures
- Experience with developing detailed schedules including tasks, accountability and deadlines
- Strong oral and written communication skills
- Solid organization and detail-oriented qualities are essential
- Proficient in Microsoft Word, Excel and G-Suite
Compensation:
Direct hire, salaried opportunity, commensurate with experience
How to Apply:
To apply, please send your resume to mneal@sparksgroupinc.com
Background:
Shared Capital Cooperative is a national CDFI loan fund specializing in lending to cooperatively owned businesses and housing. We are committed to fostering a just, equitable and democratic economy by investing in the development and growth of cooperative enterprises. Shared Capital provides financing for cooperatives, including worker, consumer and producer-owned businesses and housing cooperatives, especially those organized by economically marginalized communities. Shared Capital is democratically owned and governed by 250 cooperatives across 36 states. Shared Capital is a $13 million loan fund with a 40-year successful track record. More information at www.sharedcapital.coop.
Position Summary:
The loan officer will be a key member of the Shared Capital Cooperative lending team. They will work creatively with applicants and borrowers around the US to support access to capital for worker-owned cooperatives, consumer-owned food cooperatives, small farmer and producer-owned cooperatives, housing cooperatives and other cooperative businesses. The loan officer will underwrite and originate loans and provide technical assistance and training to cooperative managers and boards.
Responsibilities:
The Loan Officer is expected to deliver the following results:
Loan Underwriting & Lending
-Underwrite loans to cooperative businesses in order to advance mission and goals for impact and lending, including conducting due diligence and credit analysis, preparing credit memos and presenting recommendations to staff lending team, volunteer loan committee and board of directors;
-Work with prospective borrowers throughout the loan application and borrowing process to ensure a high level of customer satisfaction and retention;
-Appropriately structure loans, negotiate terms and coordinate with local and national lending partners, including banks, credit unions and other CDFIs;
-Cultivate and manage lending opportunities to meet lending and impact goals through outreach and engagement of members, prospects, cooperative developers and partners;
-Monitor the performance of loans to track financial performance and compliance in order to support the success of the borrower and manage portfolio risk;
-When needed, manage workouts, defaults, dissolution and/or bankruptcy to support the success of the business, where possible, and to ensure the repayment of loans.
Technical Assistance and Training
-Provide technical assistance and advice to cooperative organizers, managers, and board members to help them plan for and support their long-term financial succes;
-Represent Shared Capital and make public presentations about the organization, cooperative lending and finance at regional and national events and conferences;
-Develop and deliver engaging and effective workshops and presentations.
Requirements:
The successful candidate will have the following qualifications and characteristics:
-Three to five years of experience in small business or commercial lending, especially with a CDFI or similar; and/or three to five years of experience in cooperative or small business operations and management;
-Strong financial aptitude and financial analysis skills;
-Bachelor’s degree or equivalent experience required; MBA, MA or comparable in management, finance, public policy or a related area, preferred;
-Proven capacity to work effectively and build respectful relationships with people of diverse cultures and backgrounds;
-Self-directed and able to effectively organize priorities and manage multiple projects;
-Collaborative and committed to working as a part of a team;
-Excellent verbal and written communication skills;
-Knowledge of cooperative business models;
-Critical understanding of economic inequities in the United States and commitment to social and economic justice;
-Willingness and ability to travel regularly (approximately 10% of the time);
-Spanish language proficiency a plus;
-Exceptional customer service and interpersonal skills;
-High level of computer proficiency Windows and Office, especially Excel.
This full-time position is located in our Minneapolis-St. Paul office. Remote work may be considered.
Shared Capital Cooperative is an Equal Opportunity Employer. We are committed to building a diverse and an inclusive organization. We do not discriminate on the basis of race, color, creed, religion, national origin, sex, gender, age, marital status, disability, public assistance status, prior convictions, personal credit score, veteran status, sexual orientation, gender identity, or gender expression. We desire a diverse pool of applicants and particularly encourage applications from women, people of color, LGBTQ and immigrants communities.
Compensation:
Shared Capital offers competitive salary and generous benefits package, including employer-paid health and dental coverage, Health Savings Account, short and long-term disability, matching retirement contributions and generous Paid Time Off.
How to Apply:
Submit a cover letter and resume to jobs@sharedcapital.coop. Position is open until filled.
Background:
Baltimore Community Lending (BCL) was established in 1989 (originally Community Development Financing Corporation) to promote the revitalization of neighborhoods within Baltimore City. After functioning for its first 13 years as a wholly directed entity to support the City of Baltimore’s community development activities funding, for more than 15 years, BCL has stood on its own as an independent, federally certified Community Development Financial Institution (CDFI). For more information about the organization, visit www.bclending.org.
Since its inception, BCL has sought to promote affordable housing, encourage homeownership, foster community revitalization, and build capacity in the development community through a range of lending programs, including the Vacant House Loan Program (VHLP), the Commercial and Multi-Family Investor Program (CMIP), and the Baltimore Homeowner Emergency Loan Program (HELP). More recently, BCL has shifted from a specific program-focused approach to a more flexible approach to provide a broad range of financing for affordable housing projects in Baltimore, with a willingness to take on almost any role that is needed short of permanent mortgage financing if the project makes sense and meets BCL credit requirements. This most often means providing acquisition/construction loans and interim financing to both nonprofit and for-profit developers in Baltimore City. At present, the vast majority of borrowers are private developers which account for nearly 90% of BCL’s loans. At present, about 70% of the financing goes toward ownership housing, with about 30% going to rental properties.
BCL currently has assets of approximately $20M including $4M that is immediately available for lending to qualified borrowers. The organization’s annual operating budget in FY 2018 was approximately $1M, with most of the revenue coming from interest and fee income. The lion’s share of the budget is therefore from earned income rather than from grants and contributions.
BCL is governed by a diverse 14 person Board of Directors who are drawn from several of the major bank lenders in the city, representatives of the City’s Department of Housing and Community Development, as well as both private and nonprofit developers and attorneys and other professionals who work in affordable housing. The work is carried out by a staff of eight, including the CEO, three lenders, a finance manager, a loan administrator, a construction specialist and an administrative assistant.
Position Summary:
The President and CEO is the chief staff member and BCL’s primary liaison to borrowers, investors, private and public funding sources, financial institutions, community organizations, and the media. S/he insures that the mission is clearly stated and understood by the staff and the Board; that all programs and policies are in concert with the organization’s mission; and the mission is updated, as conditions change. The CEO is ultimately responsible for management and program operations, hires and supervises staff, interfaces with staff in specific program areas, manages the Board and its committees and supervises consultants, when necessary. To achieve all of that, he/she must provide commitment, credibility and passion for the mission of the organization.
Responsibilities:
1. Capitalization, Development and External Affairs: Develop and execute resource development plan for operations, equity capital and debt capital. Cultivate and maintain relationships with a variety of existing and potential funding sources. Serve as chief spokesperson and represent BCL in public settings.
2. Lending: Oversee and support the work of the Lending Staff to insure that capital is responsibly managed and deployed. This includes responsibility for the approval and execution of all authorized deeds, mortgages, bonds, contracts or other obligations of the Corporation. Provide technical assistance to prospective and current borrowers.
3. Financial Management: In cooperation with the Board and the Finance Director, prepare and manage annual operating budget to maintain fiscally sound operations. Manage all resources in a fiscally responsible manner, in compliance with all internal policies and within GAAP.
4. Organizational Development: Achieve the goals of the current three-year strategic plan and propose modifications as necessary. Develop and maintain partnerships and oversee program development.
5. Human Resource Management: Hire, supervise and motivate staff and promote development of their skills and leadership abilities. Assess staffing model and recommend and implement changes as required. Prepare succession plans for the organization’s staff. Develop salary and benefits policies that attract and retain skilled personnel.
6. Marketing and Business Development: With the Loan Officers, market, educate and advocate for the utilization of BCL’s products and services. Maintain metrics related to productivity and, relevance of lending products, and periodically assess customer needs. Recommend and develop new programs and products as market needs change. Create and build strategic alliances and partnerships that advance BCL’s mission and strategic goals.
7. Management Information System: Oversee and supervise the preparation of financial and program information to facilitate planning, evaluate the organization’s performance and support resource development efforts. Maintain appropriate technology and information management systems.
8. Board of Directors: Manage the relationship with the Board of Directors, including preparing policies for their approval, providing regular reports on activities, reporting on the financial status of the organization, recommending program guidelines, etc. Recruit new Board and Committee Members as appropriate. Determine staffing of all Board committees.
Requirements:
The ideal candidate will demonstrate the following professional qualifications:
• At least 8 years of professional real estate finance and/or development experience, preferably with non-profit organization(s);
• At least 8 years of lending experience with a general understanding of community development finance tools and processes, preferably including experience with acquisition and line of credit financing;
• Demonstrated broad knowledge of and contacts within the affordable housing and community development finance field, preferably including contacts within Baltimore City and the State of Maryland;
• At least 8 years of executive level management experience, ideally including some experience with a community development financial institution;
• Demonstrated entrepreneurial aptitude to successfully manage continued growth of all aspects of the operation;
• Proven track record of raising investment capital and operating support;
• Demonstrated ability to form partnerships with both private and public sector financing entities;
• Demonstrated record of successful financial management, including profit and loss responsibilities;
• Outstanding skills in oral and written communication;
• Demonstrated strong strategic planning and financial analytical skills;
• Graduate degree in business, real estate development or other related field is preferred. At least 10 years of professional experience in banking or other community lending may substitute for an advanced degree.
The ideal candidate will demonstrate the following personal characteristics:
• Clear commitment to assisting challenged communities;
• Clear action orientation;
• Widely recognized leadership and personnel management skills;
• Reputation for creativity and innovation in achieving goals;
• Strong communication skills, including listening, speaking and writing in order to learn from and to inform and influence a variety of audiences;
• Demonstrated comfort in working in and with diverse communities and organizations;
• A collaborative personal style that works in partnership with others – including staff, volunteer leaders and external partners;
• Personal flexibility to work with a broad range of personalities, cultures and styles.
Compensation:
The position carries with it a competitive salary and an exceptionally good benefits package.
How to Apply:
For more information, or to apply, contact David Erickson-Pearson at Erickson-Pearson Search,
epdavid@earthlink.net; 303-703-6165
Background:
Fiscal Management Associates (FMA) is a growth-oriented management consulting firm dedicated to building the capacity of the nonprofit sector. We partner with our nonprofit and philanthropic clients to help them attain operational excellence, ensure financial sustainability and effectively achieve their desired impact. Our collaborative approach includes client input and involvement at each stage of an engagement.
FMA is made up of a highly diverse team, coming from a wide range of cultural and economic backgrounds and representing a spectrum of experience, race, age, gender, ethnicity, ability, and sexual orientation. A Latina-founded and led organization, FMA draws upon its staff to deliver services that are sensitive to the needs and values of both nonprofit and funding organizations.
Our team works with leaders who are organizing youth movements, fighting against racial and gender inequities, using art for civic engagement, and providing fundamental services to those who need it most, to name a few. Our consulting and training services have consistently earned recognition for their pragmatism and relevance.
Position Summary:
The Consultant is an integral member of FMA’s Consulting and Advisory Services national team and can be based remotely or in our New York City office. The Consultant works in a team-based environment to help a portfolio of nonprofit and foundation clients develop high-quality financial and operational practices. Additionally, the Consultant provides support for FMA’s growing and evolving consulting practice through new product development, training initiatives, and knowledge management.
This position can be located in any of FMA's offices in New York, Chicago, Oakland, Washington DC, and Providence or virtually from any other domestic location.
Responsibilities:
Works as part of FMA project teams to deliver high-quality services to a diverse portfolio of nonprofit and philanthropic clients. Sample client engagements may include:
-Researching and drafting reports and actionable recommendations
-Assisting in research and content development for products and services
-Supporting planning and implementation of financial systems and practices
-Developing curriculum and facilitating workshops in training initiatives
-Conducting grantee financial due diligence for foundations
-Serving as primary contact for client engagements, developing effective working relationships with client personnel
-Designing new business processes
-Providing guidance and analytical support with respect to financial trends analysis, and planning
Requirements:
-Minimum of 3 years of relevant experience required; MPA, MBA or related master’s degree or equivalent experience a plus.
-Ability to synthesize large amounts of information into actionable solutions, navigate through ambiguity and complexity to analyze a situation, and look beyond details to see the overarching goals and results.
-Outstanding written and verbal communication skills, including ability to convey technical information in an accessible way
-Results-oriented with strong work ethic and attention to detail.
-Collaborative team player that values diversity of background and approach
-Timely in completion of assigned projects with varying needs and deadlines.
-Experience with developing quality presentations in Microsoft PowerPoint and use of Microsoft Excel, including graphs and formatting.
-Professional experience in the nonprofit sector and/or financial management strongly preferred. Knowledge or experience with foundations (private, community, family, etc.) a plus.
Compensation:
Commensurate with experience.
FMA is proud to be an Equal Opportunity Employer and does not discriminate against applicants or employees because of race, color, religion, national origin, sex, age, disability status, sexual orientation, or gender identity of an otherwise qualified individual, or membership in any other class protected by applicable law. FMA hires and promotes individuals on the basis of their qualifications for the job to be filled. FMA is committed to building a culturally diverse team and strongly encourages diverse applicants to apply for this position.
How to Apply:
Apply using the following link: https://fma.applytojob.com/apply/GLougZmq3Z/Consultant?source=Opportunit...
