Industry Job Bank

  • 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.org. Submissions 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.

Community Lending Officer Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Lending/Loan Operations
Posted: July 11, 2018

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments.  UMEZ facilitates economic development in the neighborhoods of 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 the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

Position Summary:

The Community Lending Officer will work with Business Investment team to develop relationships and serve as the liaison to community based organizations, community banks, and local chambers and commerce. Under the direction of the Business Investments lead, this role is responsible for interfacing with clients and counseling to small business owners and entrepreneurs who seek funding for small business projects. This role will conduct outreach in an effort to develop new lending opportunities within the Upper Manhattan Empowerment Zone.

Responsibilities:

  • Work with the Business Investment team to identify, develop, and expand lending opportunities 
  • Work with the Business Investment team to develop relationships and serve as liaison to community-based organizations, community banks, and local chambers and commerce 
  • Under the direction of Business Investments lead, interface and provide one-on-one counseling and customer support to small business in order to assist them secure business development assistance and capital
  • Assist local entrepreneurs and strategizing with them to overcome business development issues; advises clients on the loan application process and basic criteria used to determine credit worthiness
  • Visit client’s and loan applicants’ business location to verify information, check on progress and offer technical assistance, referrals, and follow-up when necessary
  • Assist the Business Investment team by providing recommendations, preparing a written analysis, and presenting both oral and written to the BRISC Loan committee loans
  • May be asked to attend non-work hours events or meetings as it relates to engaging and representing UMEZ’s mission to cultivate community partnerships 

Requirements:

  • Undergraduate degree in business or a related field
  • Experience in lending and credit training 
  • 3-5 years in lending experience 
  • Excellent business development, outreach, and follow-up skills 
  • Must be able to engage in a tactful manner with potential borrowers, existing borrowers, and community partners 
  • Strong interpersonal, and communications skills
  • Community residence and/or familiarity with Upper Manhattan community preferred

Compensation:

The salary for this position is commensurate with experience.

How to Apply:

Interested candidates should e-mail or mail a resume and cover letter to:

Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Community Lending Officer  

No Phone Calls or Faxes Please

Senior Underwriter Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Lending/Loan Operations
Posted: July 11, 2018

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments.  UMEZ facilitates economic development in the neighborhoods of 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 the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

Position Summary:

The Senior Underwriter will serve as the primary underwriter for loan transactions, loan structuring, and will work in conjunction with the Business Investments team in determining credit risk, financial analysis and investments. This role will provide feedback and technical assistance across full range of lending activities, including structuring, underwriting and closing of Commercial & Industrial (C&I) and/ or Commercial Real Estate Loans.

Responsibilities:

  • Serve as primary underwriter for C&I and/or Commercial Real Estate loan transactions which includes working with Business Investments team to structure transactions, conducting due diligence, financial analysis and drafting credit memoranda
  • Work with borrowers, analyze, and evaluate applications for credit and ascertain all necessary due diligence and documentation 
  • Perform full credit analysis and projection scenarios for proposed loan fund clients
  • Structure loan terms and assist in the closing process for approved loans by working with the Legal Department and borrowers on necessary documentation 
  • Prepare written analysis of loan applicants and present written and oral recommendations to the Loan Committee
  • Work with the Director of Business Investments in strategizing and designing new loan products and lending programs
  • Provide technical assistance to Business Investment team; perform primary underwriting in the form of structuring assistance, support, and guidance concerning the compliance of underwriting criteria 

Requirements:

  • Undergraduate degree in business or a related field; MBA preferred
  • Strong knowledge and experience with C&I and/or Commercial Real Estate loan transactions, loan structuring and underwriting with the ability to analyze financial statements
  • 7-10 years in credit analysis and underwriting
  • Ability to multitask, work independently and interdependently
  • Must be able to engage in a tactful manner with colleagues, potential borrowers, and existing borrower
  • Strong interpersonal, written and oral communications skills and excellent attention to detail
  • Community residence and/or familiarity with Upper Manhattan community preferred

Compensation:

The salary for this position is commensurate with experience.

How to Apply:

Interested candidates should e-mail or mail a resume and cover letter to:

Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Senior Underwriter   

No Phone Calls or Faxes Please

Executive Director Northcountry Cooperative Foundation
Minneapolis, MN
Job Function: Other
Posted: July 10, 2018

Background:

Northcountry Cooperative Foundation is a nonprofit organization in Minneapolis with offices in the St Anthony Main building overlooking downtown and St Anthony Falls. Its mission is to help transform lives and communities through cooperative enterprise. For more than a decade it has primarily focused this mission on converting privately owned manufactured housing communities into cooperatively-owned, resident-led parks. This community development activity creates a path to true home ownership as well as a more stable future for the parks’ residents - some of the region’s most vulnerable. It is hard work and it is rewarding work.
 
NCF’s Executive Director is retiring at the end of 2018 and thus the organization’s board is beginning the public search process for a new leader.
 
The organization’s strategic goals through 2019 are to:
- Support the creation of more cooperatives and better cooperatives
 
 
  • Enhance affordable housing financing options available to cooperative enterprises and their members
  • Be a key source of information about cooperatives broadly, encouraging their use among a wide variety of people
  • Be a center for the practice of creative innovation in the cooperative sector
  • Build a strong, stable, and enduring enterprise
  • Support an organizational culture that is welcoming of a diversity of background and experience, that encourages teamwork, that nourishes creativity, and enhances professional development while recognizing the importance of balance between home, work, and community life.

Position Summary:

Provide executive leadership in all aspects of NCF’s operations, acting as the primary liaison to funders, partners, and the media. Provide strategic vision for the organization and oversee all management and program functions, hiring and supervising staff, and maintaining adherence to the mission of the organization.

Responsibilities:

  • Responsible for all operational aspects including fundraising
  • supervision of 6 person staff team
  • financial management and oversight
  • leading policy work, overseeing administrative operations
  • board governance
  • human resources
  • compliance with organizational policies and procedures
  • and strategic planning for organization.  

Requirements:

  • Collaborative leadership experience
  • strong financial skills
  • commitment to the cooperative model are required
  • A bachelor’s degree in a related field is required; a master’s degree in business, nonprofit management, or related field is preferred
  • Minimum of five to eight years of experience in non-profit management, fundraising and economic/cooperative development, with experience in more than one field preferred. Best candidates will also have real estate development experience.
 
Personal Characteristics:
 
  • Capable, compassionate, energetic and positive leader
  • Impeccable personal integrity
  • Entrepreneurial spirit, with the ability to work successfully in a collaborative manner
  • High level of motivation and initiative, with a demonstrated commitment to facilitating the growth and development of community-based organizations
  • Openness to new ideas; ability to be a creative thinker with a good strategic sense, and ability to influence outcomes
 
 
 
Skills and Experience:
 
 
  • Commitment to cooperative principles and a track record of experience working with cooperatives, credit unions, or community-based organizations
  • Practical experience in board of director and community relations, personnel supervision, financial management and strategic planning; small business experience useful
  • Strong time management and organizational skills, and the capacity to integrate diverse objectives with a high level of attention to detail and deadlines
  • Outstanding written and verbal communication skills with the ability to be clear, succinct and persuasive, one-on-one as well as in a group setting
  • Demonstrated knowledge of community building and organizing in urban and rural environments
  • Superior interpersonal and networking skills; demonstrated capacity to establish productive and respectful relationships with diverse constituents, community members, and partners; Comfortable building relationshipswith a diverse set of stakeholders, including large institutional partners and donors, manufactured home park residents, manufactured housingindustry leaders, and policymakers
  • Knowledge of real estate development, housing finance, and housing policy is desirable
  • Computer literacy in word processing, data base and spread sheet applications

Compensation:

85,000 - 115,000

How to Apply:

Please send letter of inquiry or cover letter, resume, salary requirements, and references to hr@northcountryfoundation.org – attention Northcountry Search Committee.  Please visit our website at http://northcountryfoundation.org/ for more information about the organization.

Loan Associate IFF
Detroit, MI
Job Function: Financial Services
Posted: July 9, 2018

Background:

The Organization

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

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

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

Position Summary:

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

Responsibilities:

  1. Support the underwriting of loan opportunities.
    • Work directly with originations team lenders and potential borrowers to fully assess the applicant, project and financing request.
    • Spread applicant’s financials and provide historical analysis of applicant’s financial strengths and weakness in order to assess capacity for new debt. 
    • Compare liquidity, profitability, and credit histories of organization being evaluated with similar organizations within industry environment to determine risk relative to sector.
    • Input relevant information into loan evaluations and summaries.
    • Analyze borrower budget and projections to assess and stress test debt service capacity.
    • Assist lender with write-up and presenting at loan committee.
    • Provide an assessment of the collateral and contribution to risk mitigation.
    • Complete a risk rating of the proposed borrower(s).
  2. Build and maintain complete records in the Loan Management System (“LMS”) from inquiry through loan approval.
    • Ensure LMS records are completed to track status of loans as they move from application to commitment stage including key data on source of loan, date of inquiry and other process points.
    • Ensure a complete record in LMS on the account including key contacts, project information and impact data.
  3. Support the Portfolio Management team in entering information on current clients and other post close monitoring.
    • Coordinate as needed obtaining information necessary.
    • Ensure that Portfolio Management team receives all relevant information for post- close relationship management and that files are complete.
  4. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.
  5. Perform other projects as assigned.

Performance Measures: 

  1. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications.
  2. Proactively seeks solutions to identified issues and challenges relating to loan program implementation.
  3. Timely, accurate and comprehensive analyses and reporting.
  4. Cultivates a culture of openness in information sharing.  Encourages open communication, cooperation, and the sharing of knowledge.
  5. Models personal accountability that promotes ownership and engagement.
  6. Builds and maintains effective working relationships with colleagues, peers and team members.
  7. Values and supports differences in others, contributing to an inclusive work environment.  Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.
  8. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

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

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

Special Knowledge & Skills:

  1. Analytical and business writing skills required to determine credit risk and to prepare credit presentations.
  2. Experience with commercial real estate or community development collateral and lending a plus.
  3. Proficiency in Microsoft Excel.
  4. Demonstrated interest in nonprofit sector.

Unusual Requirements: Occasional evening and weekend work.

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

Compensation:

Compensation is evaluated based on position and experience with great benefits package.

How to Apply:

Applicant must submit a cover letter, resume and salary requirements to careers@iff.org with “Loan Associate” in the subject line of the email.

Loan Associate IFF
Detroit, MI
Job Function: Financial Services
Posted: July 9, 2018

Background:

The Organization

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

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

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

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

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

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

Position Summary:

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

Responsibilities:

  1. Support the underwriting of loan opportunities.
    • Work directly with originations team lenders and potential borrowers to fully assess the applicant, project and financing request.
    • Spread applicant’s financials and provide historical analysis of applicant’s financial strengths and weakness in order to assess capacity for new debt. 
    • Compare liquidity, profitability, and credit histories of organization being evaluated with similar organizations within industry environment to determine risk relative to sector.
    • Input relevant information into loan evaluations and summaries.
    • Analyze borrower budget and projections to assess and stress test debt service capacity.
    • Assist lender with write-up and presenting at loan committee.
    • Provide an assessment of the collateral and contribution to risk mitigation.
    • Complete a risk rating of the proposed borrower(s).
  2. Build and maintain complete records in the Loan Management System (“LMS”) from inquiry through loan approval
    • Ensure LMS records are completed to track status of loans as they move from application to commitment stage including key data on source of loan, date of inquiry and other process points
    • Ensure a complete record in LMS on the account including key contacts, project information and impact data.
  3. Support the Portfolio Management team in entering information on current clients and other post close monitoring
    • Coordinate as needed obtaining information necessary.
    • Ensure that Portfolio Management team receives all relevant information for post- close relationship management and that files are complete.
  4. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.
  5. Perform other projects as assigned.

Performance Measures: 

  1. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications.
  2. Proactively seeks solutions to identified issues and challenges relating to loan program implementation.
  3. Timely, accurate and comprehensive analyses and reporting.
  4. Cultivates a culture of openness in information sharing.  Encourages open communication, cooperation, and the sharing of knowledge.
  5. Models personal accountability that promotes ownership and engagement.
  6. Builds and maintains effective working relationships with colleagues, peers and team members.
  7. Values and supports differences in others, contributing to an inclusive work environment.  Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.
  8. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

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

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

Special Knowledge & Skills:

  1. Analytical and business writing skills required to determine credit risk and to prepare credit presentations.
  2. Experience with commercial real estate or community development collateral and lending a plus.
  3. Proficiency in Microsoft Excel.
  4. Demonstrated interest in nonprofit sector.

Unusual Requirements: Occasional evening and weekend work.

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

Compensation:

Compensation is evaluated based on position and experience with great benefits package.

How to Apply:

Applicant must submit a cover letter, resume and salary requirements to careers@iff.org with “Loan Associate” in the subject line of the email.

Senior Program Officer – Economic Development & Lending RURAL LOCAL INITIATIVES SUPPORT CORPORATION
Flexible, All
Job Function: Lending/Loan Operations
Posted: July 5, 2018

Background:

NOTE: Geographic Location for this position is flexible

What We Do

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

Strategies We Pursue

 Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
Develop leadership and the capacity of partners to advance our work together.

Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 38 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities.  These investments have leveraged more than $50 billion in development activity and helped families and communities raise their standards of living. LISC investments impact the lives of nearly 7 million Americans.  

Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 31 markets with offices extending from Buffalo to San Francisco. Our rural programs make an impact in 44 states and are supported by LISC’s talented and dedicated workforce. Visit us at www.lisc.org

Rural LISC is a national program created by LISC in 1995, to serve rural America through partnerships with local Community Development Corporations (CDCs).  Rural LISC provides capacity building, technical assistance and training to our Rural CDC Partners across America.  Additionally, Rural LISC provides financing resources through a variety of loan products for real estate development, acquisition, construction and rehabilitation projects. 

Position Summary:

Rural LISC seeks a Senior Program Officer for Economic Development and Lending (SPO-ED & Lending) to lead Rural LISC’s lending team and oversee the implementation of national and rural economic development strategies, with and through our network of rural CDCs and CDFIs, and key Rural LISC economic development focused team members.  Rural LISC maintains a diverse and high-performing portfolio of loans in affordable housing, community facilities, and small business development.  Rural LISC has traditionally been in the top five in lending production within the LISC network.  In June 2018, LISC announced its commitment to direct 50 percent of its annual investments over the next 10 years to fuel inclusive economic development in underinvested communities across America.  The SPO-ED & Lending will play a key role in advancing this commitment, and Rural LISC’s “Catalyzing Opportunity in Rural America” economic development strategy.

Responsibilities:

  • Provide technical assistance and strategy support through Partner CDCs to local and regional economic development districting efforts, broadband, small business, entrepreneur and downtown revitalization strategies that sustain, support and create livable wage jobs.  
  • Provide oversight of Rural LISC team members who have primary responsibility for leading, sustaining and expanding workforce development initiatives within Rural LISC’s partner CDC network, including partnerships with Workforce Investment Boards and community colleges, LISC’s Bridges to Career Opportunities model, and other effective skill-building and career advancement models.
  • Lead Rural LISC lending activities in economic development, including origination, underwriting, closing, and monitoring and portfolio management of loan facilities.
  • Identify capacity needs and strengths in order to provide technical assistance and training tailored to each partner or group of partners, in coordination with Rural LISC VP, LISC’s Senior VP of Economic Development and Rural LISC Economic Development team members.
  • Expand Rural LISC’s economic development partnerships with national, state and local stakeholders, as appropriate.
  • Collaborate with Rural LISC team members to provide coaching and technical assistance to partner organizations delivering economic development, anchor institutions and workforce development program services.
  • Represent Rural LISC in economic development discussions and meeting obligations.
  • Lead the Rural LISC team in meeting the deliverables identified within Rural LISC’s economic development strategy, Catalyzing Opportunity in Rural America.
  • Provide oversight of Rural LISC team member(s) who have primary responsibility for leading the expansion and performance of LISC’s Financial Opportunity Center (FOC) model.
  • Provide oversight and support to Rural Lending Program Officer, who is responsible for all other real estate, housing, construction, acquisition and other lending activities.
  • Provide leadership and support for other Rural LISC Program team members to maximize our investments connected to economic development. 
  • Manage relationships with other lending partners, including for profit or nonprofit financial institutions and local, state, and national governmental programs, in additional to LISC Small Business lending and New Markets Support Corporation to maximize support and collaboration on economic development opportunities.
  • Work with Vice President, National LISC and other partners to design new loan products and lending programs and create related marketing, informational and application materials.  
  • Provide capacity-building support to CDC Partners to position their organization to successfully implement local and regional economic development strategies.  Identify LISC resources that can be used to strengthen the organization.
  • Provide support and input for fundraising, budgeting, Rural Advisory Committee loan review and reporting, Rural Seminar activities and other special projects as assigned by Rural LISC Vice President.  
  • Assist the Vice President and the Leadership team in achieving and exceeding National and Rural LISC goals and objectives.
  • Perform all other duties as assigned.  

Requirements:

  • Bachelor’s degree (Master’s preferred) and ten years of related work experience in rural economic development or other areas that complement Rural LISC’s work.  
  • Hands on experience in rural economic development and lending.
  • Proven ability to take a project idea to completion and to creatively solve problems.   
  • Proven skills in financial analysis. Ability to evaluate financial statements.
  • Familiarity with rural economic development financing programs across a broad range of resources including, regional, state and federal programs, to include Small Business, USDA, EDA and NMTC.  Experience in developing and implementing projects in rural areas utilizing layered financing with local, state and federal programs preferred.
  • Extensive knowledge of non-profit program management and organizational development.
  • Familiarity and/or experience with asset building, family financial stability, and/or community-based workforce development programs aimed at unemployed/underemployed/underserved low-income residents preferred.  

Qualifications:

  • The capacity to work on multiple tasks and projects, prioritize a challenging workload, be positive and solution-oriented is critical. 
  • Ability to work collaboratively with others. Flexibility and poise in dealing with a diverse range of individuals and organizations. Ability to work independently, without constant supervision is a must.
  • The successful candidate must have a proven record of accomplishment, be highly motivated, highly skilled and detail-oriented. As part of a small team, the candidate will need to be flexible and adept at multi-tasking and adjusting to changing business requirements. 
  • Excellent writing and verbal communication skills are essential.  Exceptional skills in Word and Excel a must.
  • Comfort and adaptability working on a “virtual” team, collaborating and communicating with staff both in-person and remotely (e.g. via phone, e-mail, webinar, etc.)  

Compensation:

  • Geographic location for this position is negotiable.
  • This position will involve travel up to 50% of the time.
  • Excellent fringe benefits are provided.

How to Apply:

Qualified applicants should send a detailed cover letter and resume via e-mail to: RuralLISC@lisc.org. Please include Economic Development & Lending Senior Program Officer in the subject line of your email.

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Program Officer - Lending RURAL LOCAL INITIATIVES SUPPORT CORPORATION
Flexible, All
Job Function: Lending/Loan Operations
Posted: July 5, 2018

Background:

NOTE: Geographic Location for this position is flexible

What We Do

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

Strategies We Pursue

Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
Develop leadership and the capacity of partners to advance our work together

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

Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 38 years, LISC and its affiliates have invested approximately $20 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities.  These investments have leveraged more than $50 billion in development activity and helped families and communities raise their standards of living. LISC investments impact the lives of nearly 7 million Americans.  

Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 31 markets with offices extending from Buffalo to San Francisco. Our rural programs make an impact in 44 states and are supported by LISC’s talented and dedicated workforce. Visit us at www.lisc.org

Rural LISC is a national program created by LISC in 1995, to serve rural America through partnerships with local Community Development Corporations (CDCs).  Rural LISC provides capacity building, technical assistance and training to our Rural CDC Partners across America.  Additionally, Rural LISC provides financing resources through a variety of loan products for real estate development, acquisition, construction and rehabilitation projects. 

Position Summary:

Rural LISC seeks a Program Officer for Lending to manage our rural lending opportunities with and through our network of rural CDCs and CDFIs, and Rural LISC’s Field Program team members.  Rural LISC maintains a diverse and high-performing portfolio of loans in affordable housing, community facilities, and small business development.  Rural LISC has traditionally been in the top five in lending production within the LISC network.

Responsibilities:

  • Work with the Senior Program Officer – Economic Development/Lending and other Rural LISC Field Program team members to maximize our investments connected to housing, community facilities, health care, acquisition and rehabilitation with and through Partner CDC’s and their service areas. 
  • Collaborate with the Senior Program Officer – Economic Development/Lending, Rural LISC Field Program team members and our Partner CDCs to develop and implement strategies to accomplish lending goals.
  • Underwrite and close real estate transactions for Rural LISC loans, including analyzing tax credit equity bridge investments. Act as the primary liaison to LISC National relative to Credit Committee presentations, loan closing, loan monitoring and portfolio management.  In coordination with the Senior Program Officer – Economic Development/Lending, provide oversight and management of Rural LISC’s loan and loan related grant portfolio and conduct risk analysis and monitoring. 
  • Work with Rural LISC Field Program team members on a full scale of activities related to real estate lending and development, providing technical assistance and LISC resources as needed. This includes assessing project feasibility, developing financing strategies and helping partners to access public subsidies, as well as conventional financing, in addition to LISC loan funds  
  • Manage relationships with other lending partners including for profit or nonprofit financial institutions and local, state, and national governmental programs that support and provide co-lending and participation opportunities for CDC Partner real estate development activity.
  • Work with Rural LISC Vice President, Senior Program Officer – Economic Development/Lending, National LISC and other partners to design new loan products and lending programs and create related marketing, informational and application materials.  
  • Provide capacity-building support to CDC Partners to position their organizations to successfully implement more complex real estate developments.  Identify LISC resources that can be used to strengthen the organization.
  • Provide support and input for Rural Seminar activities, fundraising, budgeting, Rural Advisory Committee Program Review Committee, reporting, and undertake other special projects as assigned by Rural LISC Program Vice President.  

Requirements:

  • Bachelor’s degree and eight years of related work experience in community development or other areas that compliment Rural LISC’s work.  
  • Hands on experience in real estate development or real estate lending in a community development field is required.  
  • Proven ability to take a project idea to completion and to creatively solve problems.   
  • Proven skills in financial analysis and evaluate financial statements.
  • Familiarity with rural financing programs across a broad range of resources including, regional, state and federal housing financing programs; USDA programs; HUD programs applicable to rural areas; LIHTC; NMTC.  Experience in developing and implementing projects in rural areas utilizing creative financing with local, state, federal, and various tax credits programs preferred.
  • Written and verbal communication skills are essential.  Exceptional skills in Word and Excel a must.
  • The capacity to work on multiple tasks and projects, prioritize a challenging workload, be positive and solution-oriented is critical. 
  • Ability to work collaboratively with others. Flexibility and poise in dealing with a diverse range of individuals and organizations. Ability to work independently, without constant supervision is a must.
  • The successful candidate must have a proven record of accomplishment, be highly motivated, highly skilled and detail-oriented. As part of a small team, the candidate will need to be flexible and adept at multi-tasking and adjusting to changing business requirements. 
  • Excellent writing and verbal communication skills are essential.  Exceptional skills in Word and Excel a must.
  • Comfort and adaptability working on a “virtual” team, collaborating and communicating with staff both in-person and remotely (e.g. via phone, e-mail, webinar, etc.)  

Compensation:

  • Geographic location for this position is negotiable.
  • \This position will involve travel up to 50% of the time.
  • Excellent fringe benefits are provided.

How to Apply:

Qualified applicants should send a detailed cover letter and resume via e-mail to: RuralLISC@lisc.org. Please include Lending Program Officer in the subject line of your email.

LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY AND INCLUSION

Investment Associate Charter Impact Fund
New York, NY
Job Function: Finance
Posted: July 4, 2018

Background:

Charter Impact Fund (CIF) is a new nonprofit social impact fund that’s on a nationwide mission to help high-performing charter schools spend more of their funding on students and less on the costs of borrowing money for their buildings. We offer school leaders simple and much-needed access to low-cost, long-term loans, combined with support from an expert team that has walked in their shoes.

With significant long-term funding and an innovative strategy, CIF is about giving more of America’s students access to the outstanding education they deserve. We partner with the charter schools making the biggest difference for kids, providing them with funding and assistance to make an even bigger difference.

If you’re looking to have community-level impact on a national scale, apply to join our team.

 

Position Summary:

The Opportunity: The Investment Associate (IA) will have the exciting opportunity to make an immediate impact at CIF – and on the charter school sector as a whole – as a member of its founding team. The IA supports the Investment Principal and the entire CIF’s Investment Team. Our ideal candidate will energetically and enthusiastically approach the sometimes-ambiguous work of a startup, and contribute to building a collaborative, team-oriented culture of excellence. 

Location: There are two roles being considered. The home office is in New York City. 

Reporting Relationships: The Investment Associate will report to the Investment Principal.

Responsibilities:

The Investment Associate will be responsible for: 

  • Origination: Using CIF’s and the IP’s “investment lens,” support the Investment Principal with structuring and underwriting transactions and preparing for credit committee approval. Support the management of a dashboard to track school-related information such as location, project data, enrollment, performance, and long-term impact. 
  • Internal system development: Partner with other credit team members to develop systems, policies, and procedures for developing the portfolio, including origination, lending, and reporting. 
  • Organizational excellence: Participate in strategic planning and goal-setting process. 
  • Policy and research: Monitor proposed legislation and policy matters related to programs and services offered. Identify and support research efforts to advance programs and services. 

Requirements:

Above all, our Investment Associate should be a driven, savvy, high achieving professional with some experience in the complicated mechanics of borrowing, lending, and charter school facilities. Other qualifications and qualities include:

  • Possess an MBA or equivalent degree (e.g. MPA, MPP, CFA) 
  • 3-5+ years of overall professional experience
  • 2+ years of experience in venture capital, private equity, investment banking, or investment management
  • 2+ years of impact investing/nonprofit/school experience is preferred
  • “Must Love Schools” -- the ideal candidate will have a passion, interest & experience with schools or similar communities
  • Experience with financial and operational due diligence of Charter Schools or similar entities is highly preferred
  • Expertise in charter school facilities financing strongly preferred
  • Top notch quantitative, financial modeling, and analysis skills are required
  • Track record of meeting and exceeding aggressive goals
  • Outstanding organizational and time management skills
  • Extraordinary communication skills
  • Ability to produce high-quality work products under tight deadlines
  • Strong customer service orientation and ability to collaborate across functional areas
  • Thrives when working in a fast-paced, evolving environment on complex, high-impact initiatives 
  • Highly detail- and team-oriented
  • High degree of integrity and authenticity

Compensation:

Compensation is competitive, commensurate with experience. We are proud to offer extraordinary benefits, including unlimited PTO, as well as medical coverage and a 401(k) match.

How to Apply:

Please Apply here: https://boards.greenhouse.io/charterimpactfund/jobs/4023135002

Deposit Raising Associate Self-Help Federal Credit Union
Oakland, CA
Job Function: Business Development
Posted: July 2, 2018

Background:

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 19 branches in California, 3 branches in Illinois, 2 branches in Florida, approximately $680 million in assets, and serving more than 80,000 members and clients, Self-Help Federal is one of the fastest-growing low-income designated credit unions in the country. It is part of the national Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For 36 years, the Center for Community Self-Help and its affiliates have provided $7.2 billion in financing to help over 121,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources. For more information, go to www.self-helpfcu.org and www.self-help.org. We are an equal opportunity employer: SHFCU is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion (and lack thereof), disability that can reasonably be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition (physical or mental), AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, and veteran status.

Position Summary:

The Deposit Raising Associate provides day-to-day transactional and operations support to deposit raising efforts of the Investment Associate, as well as support to Area/ Branch management and Call Center staff in their deposit-raising efforts. The objective is to provide impact investors in the credit union with the highest quality of service and satisfaction. 

This is a position that was created out of a need to better steward and support Self-Help depositors and investors. The new hire would work with the Investment Associate on the organization's national deposit raising goals for Self-Help Federal Credit Union. We are looking for someone who ideally has some experience working in CDFIs or social justice organizations, or some background in customer service and/or Operations. The associate would be relationship manager for many of our largest investors in Self-Help and would offer support in account opening, stewardship, and general management of these accounts. There would also be opportunity for growth as our deposit raising arm grows.

Responsibilities:

  • Demonstrate Self-Help's core competencies:
    • Mission and Values
    • Standards of Excellence
    • Teamwork and Collaboration
    • Initiative and Follow-Through
    • Customer Focus
    • Communication
  • Work effectively and cooperatively with the Investment Associate, Branch Operations, and Call Center staff to ensure the highest level of member support is provided for investor deposit members.
  • Ensure quick and accurate responses are made to investor deposit member inquiries from all sources, including:
    • Self-Help Website
    • Self-Help Federal Credit Union secured home banking portal
    • Self-Help Federal Credit Union mobile application chat/portal
    • Meridian Link Online Account Application
    • Email and phone calls
  • Ensure all investor deposit activity is implemented in compliance with Self-Help Federal policies and procedures and in compliance with federal laws and regulations set forth by the National Credit Union Administration and other regulatory agencies.
  • Manage investor deposit activities, including but not limited to: new account openings (including preparing and sending Welcome Packets), renewal requests, payment changes & processing, updating member paperwork with new signers, audit/balance confirmations, statement or tax  duplicate copies, website/online inquiries and trouble-shooting, and annually calling members whose accounts have gone dormant and marked at risk of being escheated.
  • Steward National MSD accounts in coordination with Investment Associate, including:
    • Proactively communicate with depositors about rate changes and regulatory/compliance changes
    • Engage with large MSD accounts (over $50,000) on at least a quarterly basis with audited financials, Self-Help press or news, annual report/impact statement, holiday cards or handwritten notes, creation of reports, or other engagement touchstones.
    • Proactively engage with depositor prior to CD maturity with goal to maintain or increase deposits at every opportunity.
  • Proactively recommend action plans to improve operational policies, procedures and controls, and mitigate controllable losses in operations.
  • Serve as first escalation point for investor deposit member issues, and assist Investment Associate with a resolution of more complex or specialized issues including member complaints, exceptions or requests to speak with management.
  • Assist with the identification/research of and outreach to current and potential investor deposit members.
  • Work on special projects, as needed.

Requirements:

Education and/or Experience:

  • High School Diploma or equivalent
  • Bachelor’s degree preferred
  • At least 1 year relevant experience working in a financial institution or CDFI preferred

Knowledge, Skill and Ability:

  • Knowledge of customer service principles and processes, including customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Strong project management skills – ability to effectively plan, organize, and prioritize multiple tasks and/or projects to meet objectives and deadlines.
  • Excellent communications, customer service, and interpersonal skills; flexible and team player.
  • Maintain knowledge of product trends, industry and financial market trends, and competitive offerings.
  • Analytical (financial and operational data), reporting skills and problem-solving skills.
  • Proficient with Microsoft Office suite.
  • Good writer/editor.
  • Excellent problem solving skills.
  • Desire to work in a diverse and team-oriented environment.
  • Interest in social justice and consumer advocacy preferred.

Compensation:

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

How to Apply:

Please apply to our Human Resources Department:

Interested individuals please send a resume and cover letter to cahiringmanager@self-helpfcu.org and reference this job, Deposit Raising Associate in the subject line of your message.

Director, Portfolio Analysis and Reporting Philadelphia Industrial Development Corporation
Philadelphia, PA
Job Function: Lending/Loan Operations
Posted: June 29, 2018

Background:

Philadelphia Industrial Development Corporation (PIDC) is Philadelphia’s public-private economic development corporation.  Our mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods and drive growth to every corner of Philadelphia.  We offer flexible financing tools, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia-based knowledge to help our clients invest, develop and grow.  PIDC works with companies of all sizes in every area of Philadelphia.  We work on projects big and small with businesses, developers and non-profits in every sector.

Over the past 60 years, PIDC has settled over 7,150 transactions with a diverse range of clients – including more than $16 billion of financing and more than 3,200 acres of land sales – which have leveraged over $28.6 billion in total investment and assisted in retaining and creating hundreds of thousands of jobs in Philadelphia. Its direct loan and managed third-party portfolio at year-end 2017 was more than $545 million, representing 475 loans.

Position Summary:

The Director, Portfolio Analysis and Reporting is a newly created position in response to the significant growth, diversity and complexity of our lending portfolio. The position is part of the Credit and Portfolio Management team.  The total portfolio consists of approximately 500 loans and investments totaling $620 MM that includes small business lending, real estate project finance, and contractor lines of credit. The small business portfolio in particular has grown from 46 loans totaling $14.5 million in 2011 to 97 loans totaling $18.5 million at the end of 2017.  The position is responsible for design of reports, implementation, oversight and organization of data collection and analysis of data collected from PIDC clients.  The incumbent will work closely with PIDC’s Project Finance and Small Business lending teams.

The Director, Portfolio Analysis and Reporting is primarily responsible for providing detailed and extensive financial modeling, evaluating risk, loan monitoring and performance oversight for the all PIDC assets under management. The Director will evaluate the impact of both proposed and approved transactions pursuant to a designated funding source and loan portfolio in the context of overall risk parameters of PIDC and its affiliates.  The Director will gather data regarding a portfolio of small business loans and project financing investments to identify loans that are at risk.

The Director, Portfolio Analysis and Reporting will work under the direction of the Senior Credit Officer to analyze PIDC’s portfolio-wide performance and risk; and assist the Portfolio Management team to develop and implement strategies to intervene with clients prior to work-out. This individual will prepare and deliver financial and outcomes analyses that will allow management to make decisions on new capitalization, risk mitigation and compliance in a manner that supports the continued growth of lending transactions consistent with PIDC’s mission of driving growth to every corner of Philadelphia.

Responsibilities:

Specific responsibilities include, but are not limited to, the following:

  • Spreading and analyzing the quarterly and annual financial statements for PIDC borrowers, as required, and providing an assessment of trends in financial performance;
  • Review rent rolls, leasing reports and relevant project reports or updates;
  • Work closely with Senior Credit Officer and Vice President, Loan Administration to prepare detailed quarterly portfolio reports, with a focus on trend analysis, portfolio concentrations and problem loans;
  • Conduct Annual Review of loan portfolio, with results to be reported  Loan Committee;
  • Prepare Borrower Data Sheet to outline brief background, risks, mitigants and projected performance benchmarks to be measured annually;
  • Update Borrower Data Sheets on an annual basis;Track Borrower loan covenants and other compliance requirements and prepare exception reports; 
  • Provide support to Financial Services, Financial Reporting, Capitalization, Compliance and Business Development functions with data including portfolio performance, impact data and outcomes.  
  • Collaborate with Financial Reporting on the quarterly evaluation of the allowance for loan losses, collateral sufficiency and capital reserves. 
  • Develop appropriate systems and procedures to ensure the accuracy of the reporting of loan portfolio data. 
  • Inputting annual and quarterly financial statements into Portfol (or comparable data management system) and electronic records system (Laserfische).
  • Support the Vice President, Loan Administration on the overall portfolio performance, troubled loan monitoring and loan modifications to be presented to Loan Committee.

Requirements:

  • Bachelor’s degree and 5  years work experience; graduate degree a plus. 
  • 2+ years of professional experience in community or economic development, preferred.
  • Ability to meet deadline and lead projects to completion.
  • Demonstrated experience working with financial institutions, foundations, and other institutions that support community development.
  • Demonstrated experience conducting/participating in quantitative (i.e., statistical, spatial, econometric) and qualitative (i.e., observational, interviews) projects.
  • Advanced critical thinking skills, exhibited by the ability to take information from a wide variety of sources and synthesize/analyze the information.
  • Superior writing and editing skills, including ability to covey complex quantitative information in a clear manner to a diverse audience; high attention to detail.
  • Ability to set priorities and manage multiple task in an effective and efficient manner; ability to work under pressure and respond to deadlines without sacrificing quality.
  • Demonstrated leadership ability and excellent interpersonal skills, flexibility, and ability to collaborate across teams within PIDC.
  • Mature, focused, self-motivated and commitment to successful relationship building with external partners.
  • Superior quantitative analytical and organizational skills required; Strong analytical  and communication skills.
  • Understanding of and commitment to community development required.
  • Minimal travel required, approximately <5% travel.
  • No extraordinary physical requirements beyond ability to travel
  • Must be a Philadelphia, PA resident or be willing to relocate within six months of accepting the position.

Compensation:

$75,000 to $90,000 annually

How to Apply:

How to Apply: Interested applicants should forward their resume and cover letter along with annual salary requirement to: mupshur@pidcphila.com

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