Background:
People United for Sustainable Housing (PUSH Buffalo) seeks a Director of Community Development to lead our affordable housing and related community development activities, centered primarily on the West Side of Buffalo, New York.
The Organization and its Programs
PUSH Buffalo was created in 2005 as a nonprofit membership organization that would combine community development and community organizing activities to address displacement and improve Buffalo’s West Side. Our mission today is: to mobilize residents to create strong neighborhoods with quality affordable housing; to expand local hiring opportunities; and to advance social, economic and environmental justice in Buffalo.
PUSH Buffalo created the Buffalo Neighborhood Stabilization Company (BNSC) in 2009 to develop affordable housing and to purchase and redevelop vacant land. Today, as an affiliate of PUSH, BNSC undertakes housing and land development, plus sustainability and new economy work, encompassing green housing construction, community-based renewable energy and weatherization projects, land acquisition and holding, and green job training and development.
PUSH Buffalo aims to hold developers, including our affiliates, accountable to our low-income community, through our board and membership, and through extensive outreach and community planning activities. We lead social and environment justice campaigns. We are working to move from an extractive economy to a regenerative economy, in accordance with the Just Transition framework. PUSH seeks to increase the percentage of affordable housing units on the West Side from 15 to 25%.
While our real estate development focuses on the West Side, our advocacy campaigns and work against displacement and for affordable housing, climate justice and green jobs bring us into larger coalitions, and extends our work across the city, regionally and nationally.
PUSH with its affiliates, currently has a $4.5 million operating budget and a staff of approximately 40 people.
Position Summary:
PUSH/BSNC has developed 100 units of rental housing on 27 sites (scattered sites that PUSH/BNSC purchased and assembled, plus a school re-use). We have used a wide range of public and private housing resources, including Low Income Housing Tax Credits, state, city, bank and philanthropic resources. PUSH/BSNC has several projects in pre-development, including 53 units of tax credit rentals and around 9 units in small properties targeted to first time homebuyers. Our projects have also included a workyard, a workforce training center, our office space, and a nursery/greenhouse.
PUSH has developed some of its projects independently, with consultant support, and some with Syracuse-based Housing Visions. PUSH manages some of its properties itself, and some through Housing Visions.
The Director of Community Development leads PUSH/BNSC’s efforts to create high-quality affordable and sustainable housing for low income households, and community development projects that advance economic justice. The Director works with the PUSH Executive Team and other PUSH staff to grow and manage our existing housing portfolio. As a member of the senior team, they collaborate with other leaders of our organization on programs and policy activities.
The Director of Community Development supervises the Senior Project Manager and the Project Manager. They oversee the Property Manager, who manages the property management and maintenance team. The Deputy Director of Administration supervises the Director of Community Development. The Director of Community Development also reports to the BNSC board of directors on Community Development activities.
We seek a creative, mission driven developer to become our next Director of Community Development. They will be comfortable carrying out comprehensive community planning processes, together with the board, the community and others on staff, in order to determine project priorities. They will work on a variety of projects that reflect the community’s vision for the West Side.
Responsibilities:
Key Duties and Responsibilities
• Pursue new project opportunities and conduct early stage feasibility analysis
• Assemble and manage project teams together with project management staff
• Develop project financing plans and submit applications for grants, equity, and loans
• Coordinate closings for property acquisition, construction, and permanent financing
• Develop and oversee project and departmental budgets
• Ensure compliance with all project funding sources
• Actively participate in visioning and strategizing about neighborhood development goals and priorities, and engage in community planning processes
• Build strong relationships and serve as a primary contact with government officials, local partners, and others who participate in the development process, as well as with other organizations that PUSH partners with and who inform PUSH’s work
• Supervise project managers
• Oversee asset management of PUSH’s existing real estate portfolio, including supervising our property manager and acting as liaison to the third party property management company
• Provide regular reports to the BNSC Board of Directors, PUSH leaders and committees
• Identify and recruit experienced professionals to serve as technical assistance providers, partners and mentors
• Stay current with local, regional, state and federal affordable housing and neighborhood development policies and programs
• Set departmental goals together with program staff and senior management team
• Develop and manage appropriate evaluation and reporting processes, and
• Perform other related duties as assigned.
Requirements:
Our ideal candidate will have many of these experiences and qualifications:
• A strong background in real estate, affordable housing or community development, including at least three years of experience developing or funding affordable housing
• Demonstrated commitment to community-based development, and engaging in active community visioning for development
• Knowledge of local, state and national funding sources used to develop affordable housing
• Demonstrated familiarity with regulatory and legal requirements for development in Buffalo or similar communities
• At least two years of staff supervision
• Bachelor’s degree; a Master’s degree in a related field or additional work experience preferred
• Strong financial skills and comfort teaching others about development finance
• Commitment to equitable development and working in a diverse multi-cultural community
• Familiarity with the Just Transition framework or a willingness to embrace this framework
• Emotional intelligence
• Strong listening skills
• Ability to adapt to a dynamic and shifting work environment
• Ability to work independently and as a member of a team
• Strong written and verbal communication skills
• Ability to work with MS Office suite and other software
• Experience with horizontal and democratic management structures preferred, and
• Cultural competence and linguistic skills in English plus at least one of Spanish, French, or Arabic languages a plus.
Compensation:
PUSH Buffalo offers a competitive salary and a generous benefits package.
How to Apply:
Please submit one PDF document containing a cover letter, detailing your interest and qualifications for this position, and an up-to-date resume to: http://annlsilverman.com/PUSH- community-development-director/
Applications will be reviewed and acknowledged as they are received. We aim to fill this position by early fall 2020.
PUSH Buffalo seeks a diverse pool of candidates. We are committed to a policy of equal employment opportunity without regard to race, color, national origin, religion, disability, gender, gender identity, sexual orientation, or age.
Background:
The NDC Grow America Fund (GAF), in cooperation with our Community Partners, provides financing to growing small businesses throughout the country. GAF operates as a community development lender to support the creation of jobs and the expansion of eligible small businesses in underserved areas, particularly minority and women-owned businesses. The financing provided is partially guaranteed by the U.S. Small Business Administration under GAF’s Small Business Lending Company license, and GAF has Preferred Lender status nationwide. GAF is also Certified Development Financial Institution (CDFI). GAF has lent to over 500 borrowers with an average size of $500,000. GAF actively conducts business in approximately 40 different client communities throughout the United States and has ambitious growth plans.
The Grow America Fund is seeking to fill a position for a Loan Officer. The Grow America Fund, Inc, (GAF), a subsidiary of the National Development Council (NDC). The National Development Council (NDC) is the oldest national non-profit community and economic development organization in the United States. It was founded in 1969 with a mission of increasing the flow of capital for investment, jobs and community development to underserved urban and rural areas across the country. For additional information about NDC, please visit: http://ndconline.org/
Position Summary:
Loan Officers are responsible for marketing, sourcing, evaluating and underwriting the SBA 7(a) loans in the various client communities. The Loan Officer works under general supervision of the GAF Chief of Credit, exercising significant latitude in the use of initiative and independent judgment in the performance of his (or her) responsibilities. The position will service multiple GAF communities. Current GAF client communities that could be served include the Seattle and the Los Angeles metro areas. These communities may change. Candidates may be from these communities and/or living near a major airport with good air service. The job involves travel to visit potential borrowers and to attend internal meetings of staff and management.
Responsibilities:
• Develop and maintain referral sources for prospective small businesses located within the client communities and in need of financing, and
• Interview and screen prospective loan applicants to determine if minimal loan qualification standards are met, and
• Assist potential borrowers find alternative financing resources if they do not qualify for the GAF program, and
• Gather data necessary to complete application package and source documents for credit analysis of all qualified applicants, and
• Perform credit analysis and underwriting functions for qualified applicants, and
• Structure financing packages to match potential borrower needs using in matching sources and uses of funds as well as repayment terms, and
• Prepare and present loan reports to the GAF credit committee, and
• Negotiate any remaining loan structuring elements and issue commitment letters, and
• Assist loan closing officer with preparation of closing documents, liaison with attorneys and SBA and gathering of final documents required by the particular type of SBA loan being closed, and
• Assist portfolio management with servicing issues and borrower relationships during the entire life of the loan, including but not limited to modifications of collateral, site visits, annual reviews, SBA audits workout plans and liquidations.
• Become an NDC trainer specifically for Economic Development 101 (ED 101) and Economic Development 201 (ED 201) plus other classes. ED 101 explores economic development activities as part of a community overall economic development finance strategy and investigates the funding resources available for job creation projects. Participants analyze and structure economic development projects for small and medium size business and commercial real estate projects utilizing incentive financing packages. In ED 201, participants build on the financial analysis and deal structuring techniques learned in ED 101 through investigation of advanced methods used to analyze the creditworthiness of operating small and medium sized businesses.
Requirements:
Bachelors degree from an accredited four-year college or university with major course work in finance, business administration, economics or a related field.
Minimum five years of experience in commercial banking, business or community lending.
• Strong analytical, time management and organizational skills as well as a high level of attention to detail, and
• Effective written and verbal communication skills with the ability to be persuasive one-on-one as well as in a group setting, and
• Knowledge and experience in program and task management, and
• Ability to work effectively with community-based organizations, banks, CPAs, small businesses, entrepreneurs and public sector administrators, and
• Impeccable personal integrity and ability to maintain confidentiality of borrower data, and
• Computer literacy in contact management, word processing, spreadsheet and database programs.
• Presentation skills to small and large groups (5-100).
Compensation:
Based upon experience.
How to Apply:
To apply, submit a resume to Careers@NDCOnline.org.
Position open until filled.
Background:
The Aspen Institute
The Aspen Institute is a global nonprofit organization committed to realizing a free, just, and equitable society. Since its founding in 1949, the Institute has been driving change through dialogue, leadership, and action to help solve the most critical challenges facing communities in the United States and around the world. Headquartered in Washington, DC, the Institute has a campus in Aspen, Colorado, and an international network of partners.
About the Business Ownership Initiative and the Position
The Economic Opportunities Program (EOP) is a policy program at the Aspen Institute that advances promising strategies and policies to help low- and moderate-income Americans thrive in today’s economy. Within EOP, the Business Ownership Initiative (BOI) engages community-based practitioners, financial institutions, funders, investors and policymakers to advance equitable access to business ownership and the resources necessary to start and grow businesses. We use research and evaluation, experiential learning, systems thinking and collaboration to build practices and policies that enable more equitable ownership opportunities.
Position Summary:
Our ideal Senior Project Manager loves designing and facilitating innovative learning experiences that shift both beliefs and behaviors. They also love analyzing trends and practices in small business lending and development and creating communications content to share knowledge with key stakeholders.
The Senior Project Manager will focus on collaborating with small and microbusiness practitioners and funders and building their capacity to increase the scale and impact of their work.
Our ideal candidate is someone who:
• Cares deeply about disrupting the growing income inequality in our country and the impact this is having upon low-income communities and people, particularly people of color.
• Believes systems hold problems in place and are responsible for the outcomes we see today, and are motivated to influence institutions to change their internal practices and systems
• Enjoys fostering community and collaboration amongst organizations – who in some circumstances, see each other as competitors
• Has deep knowledge and experience in community development, entrepreneurial development and/or financial services and lending.
Responsibilities:
• Design and facilitate peer learning events between micro and small business practitioners to improve their practice
• Manage a multi-organization learning and/or research project, engaging with local implementers as well as funders and other experts to ensure that all parties understand the goals of the work and the work remains on track in terms of deliverables and timing. Collaborate with senior EOP staff around direction-setting, goals and methodologies.
• Collect and codify learnings from peer learning and develop publications, blogs, webinars, presentations and other content to share these lessons broadly with stakeholders
• Research, develop, and codify tools and resources to be shared with the micro and small business field
• Contribute to broader initiative knowledge development through blogging, and authoring case studies; grant writing and reporting; and sensing of new micro and small business lending and support trends.
• Represent BOI and EOP at professional conferences and other events.
Requirements:
• Strong facilitation and communication skills; prior facilitation, evaluation and research and public speaking experience a plus
• Strong analytic and writing skills; experience in deriving insights and lessons from varying qualitative and quantitative sources and communicating them in writing a plus
• Experience engaging practitioners to shift mindsets and/or practices
• At least five years of experience in a fast-paced, high-performing environment in any one of the following industries: community development, small business lending or financial services, entrepreneurial development, consulting, or philanthropy (we do not expect any candidate to have experience in all of these industries; if you only have experience in one of these sectors, please apply!)
• Experience with and knowledge of one or more of the following: small business lending, small business coaching or consulting, community development (again, if you only have knowledge in one of these areas, please apply)
• Experience supporting populations often challenged to access resources to start, grow and own businesses (e.g. people of color, women, immigrants, individuals with disabilities, refugees, system-involved, etc.)
• Experience applying equity and inclusion principles (e.g. disaggregating data, addressing disparities between populations, identifying targeted strategies based on varying assets/needs, etc.)
• Ability to juggle multiple responsibilities and the willingness to take initiative to get the job done
• Strong attention to detail and follow-up
• Experience with systems thinking, human-centered design and/or improv is a bonus
• Ability to travel domestically 15% to 25% of the time
• Solid working knowledge of Microsoft Word, Outlook, Excel, and PowerPoint
Compensation:
This is a full-time, exempt position based in our Washington, D.C. office. We value the safety of our staff. During the pandemic, staff can expect to work remotely and will have the option to work onsite once the building safely reopens. We offer competitive salaries and benefits with the goal of attracting and retaining exceptional staff. For information about our benefits package, please visit our Benefits page.
Note: At this time, we are unable to provide work sponsorship for this position.
The Aspen Institute is an Equal Opportunity Employer and complies with all District and federal laws. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or protected veteran or disabled status and will not be discriminated against.
The Economic Opportunities Program is committed to having a workforce that reflects diversity at all levels of the program team. We recognize the importance of not viewing individuals based on a single identity, and we thrive on being equitable in our recruitment process as well as in our efforts to be inclusive of all employees. We encourage all applicants regardless of gender, race, religion, age, sexual orientation, disability, or other social identity.
Candidate must have the ability to work under pressure and handle stress. Candidate must also be able to comply with the regular attendance policy of the Aspen Institute.
How to Apply:
Please visit the Aspen Institute career page to complete an application at this address: https://aspeninstitute.hrmdirect.com/employment/job-opening.php?req=1346.... Applicants will be asked to provide a resume and cover letter. We encourage you to use the cover letter as an opportunity to describe your interest in the position and your relevant experience. Please note that candidates who advance to the interview stage will be asked to complete a 60-minute writing task.
Background:
MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!
MRI is proud to be an Equal Employment Opportunity employer.
Position Summary:
Are you passionate about working in a fast-paced and dynamic work environment supporting the affordable housing market? If so, you may be our next Advisory Associate.
MRI Software is seeking an Advisory Associate to join our team in Boston! As an Advisory Associate, you will have the opportunity will work as part of the advisory services team to analyze and evaluate assets, portfolios, transactions and organizations on behalf of affordable housing clients. You will develop and maintain strong relationships with clients, understand partnership, financing and tax matters, as well as real estate issues at the operating partnership level, and research market and industry trends.
Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. TCAM, an MRI Company is a growing, national consultant and third-party asset manager to the capital providers of the affordable housing industry. The work environment is fast-paced and rapidly changing.
Responsibilities:
Provide analytical support for Affordable Housing underwriting and transaction modeling
Assist in benchmarking for clients by researching asset management and property management practices and performance
Participate in the drafting and presentation of client deliverables
Establish relationships and communicate regularly with general partners, lenders, government agencies, investors and property managers
Respond to client requests for information through informal interactions and formal presentations
Prepare financial analyses and projections for individual multifamily assets, as well as portfolios comprised of numerous assets
Assist in scoping new engagements, including responding to Requests for Proposals
Participate in cross-functional teams working on on-going asset management engagements
Requirements:
Bachelor’s Degree; coursework in basic principles of accounting
2+ years of experience in multifamily real estate, commercial real estate lending, or community development
Strong communication and analytical skills
Experience with financial analysis and spreadsheet modeling
MS Excel and Word proficient
Compensation:
based on experience
How to Apply:
directly on website: https://www.mrisoftware.com/jobs/advisory-associate/
Background:
Civic Builders transforms children’s lives and revitalizes communities by building inspirational schools for students in under-served neighborhoods. Dedicated to giving every child the chance to attend a great school, Civic Builders partners with the nation’s best educators to create public charter school buildings for students in communities where the need is greatest.
Since 2002, Civic Builders has built inspiring, bright, and modern buildings that give its partner schools cost effective, customized educational space. Civic Builders schools give under-served students—82% of students at Civic Builders schools live in poverty and 96% are minorities—the opportunity to excel.
In addition, the success these students achieve goes beyond the classroom, as Civic Builders schools become anchors for the low-income, under-served neighborhoods where they are located. Civic Builders schools revitalize communities by providing beautiful spaces where generations of students can learn and where communities come together to support their children’s futures.
Position Summary:
The Investment Analyst/Associate will be part of Civic Builders’ Lending and Finance team, reporting to the Director of Capital Solutions. On a day-to-day basis, he or she will be primarily responsible for supporting senior underwriters and/or directly underwriting potential investments for Civic’s national charter school lending platforms. Working closely with internal and external stakeholders on the full cycle of activities related to real estate-based lending, the Associate’s role includes underwriting, technical assistance, closing transactions and transitioning loans into asset management. The Lending and Finance Team prides itself on its flexibility and creativity, which could lead to opportunities to support the New Markets Tax Credit program, the Real Estate Development team and other key strategic projects on an ad hoc basis.
Candidates interested in this role should be able to substantiate their prior experiences with the following types of work:
Underwriting commercial real estate investments with a creative and solutions-oriented outlook on deal structuring and credit.
• A successful candidate will have experience leading investments through due diligence, underwriting, credit review, and closing processes.
• Experience with asset management is a plus, as is lending experience in the charter school and/or community development space.
Displays a creative, solutions-oriented outlook on deal structuring and credit.
• Work constructively and collaboratively with the Vice President of Credit to support programmatic, mission-oriented goals while maintaining appropriate lending boundaries and fiduciary accountability.
Clearly communicates complex terms and structures to audiences with a range of technical expertise.
• Candidates should be able to prepare and present highly detailed oriented credit memos to internal and external credit committees and also craft a compelling narrative around the programmatic alignment and impact that investments will create.
Maintains a high threshold for providing a positive customer service experience.
• Build a positive and professional relationship with customers and business partners (which include third party lenders, attorneys and other external parties such as appraisers).
• Demonstrate initiative in addressing customer needs, responding promptly to any and all requests in an appropriate and accurate manner.
Seeks ways to support Civic Builders’ strategic priorities through collaborative, cross-functional initiatives.
• Participate in ongoing efforts to establish and/or improve internal processes and procedures to improve efficiencies and collaboration across the organization.
• Explore opportunities to learn about the full scope of lending activities as well as about the real estate development, asset management and strategy components of the business.
• Bring an entrepreneurial energy and open-minded perspective to your work.
Demonstrates willingness to travel up to 15% of the time.
• Site visits to prospective borrowers are a required part of the underwriting process for each investment.
• Travel to support originations work, contribute to new market development and to represent Civic Builders at national conferences may be required.
Responsibilities:
The Investment Analyst/Associate will be part of Civic Builders’ Lending and Finance team, reporting to the Director of Capital Solutions. On a day-to-day basis, he or she will be primarily responsible for supporting senior underwriters and/or directly underwriting potential investments for Civic’s national charter school lending platforms. Working closely with internal and external stakeholders on the full cycle of activities related to real estate-based lending, the Associate’s role includes underwriting, technical assistance, closing transactions and transitioning loans into asset management. The Lending and Finance Team prides itself on its flexibility and creativity, which could lead to opportunities to support the New Markets Tax Credit program, the Real Estate Development team and other key strategic projects on an ad hoc basis.
Candidates interested in this role should be able to substantiate their prior experiences with the following types of work:
Underwriting commercial real estate investments with a creative and solutions-oriented outlook on deal structuring and credit.
• A successful candidate will have experience leading investments through due diligence, underwriting, credit review, and closing processes.
• Experience with asset management is a plus, as is lending experience in the charter school and/or community development space.
Displays a creative, solutions-oriented outlook on deal structuring and credit.
• Work constructively and collaboratively with the Vice President of Credit to support programmatic, mission-oriented goals while maintaining appropriate lending boundaries and fiduciary accountability.
Clearly communicates complex terms and structures to audiences with a range of technical expertise.
• Candidates should be able to prepare and present highly detailed oriented credit memos to internal and external credit committees and also craft a compelling narrative around the programmatic alignment and impact that investments will create.
Maintains a high threshold for providing a positive customer service experience.
• Build a positive and professional relationship with customers and business partners (which include third party lenders, attorneys and other external parties such as appraisers).
• Demonstrate initiative in addressing customer needs, responding promptly to any and all requests in an appropriate and accurate manner.
Seeks ways to support Civic Builders’ strategic priorities through collaborative, cross-functional initiatives.
• Participate in ongoing efforts to establish and/or improve internal processes and procedures to improve efficiencies and collaboration across the organization.
• Explore opportunities to learn about the full scope of lending activities as well as about the real estate development, asset management and strategy components of the business.
• Bring an entrepreneurial energy and open-minded perspective to your work.
Demonstrates willingness to travel up to 15% of the time.
• Site visits to prospective borrowers are a required part of the underwriting process for each investment.
• Travel to support originations work, contribute to new market development and to represent Civic Builders at national conferences may be required.
Requirements:
Mission Orientation: Passionate about Civic Builders’ mission to support the provision of equitable access to education.
Lending Experience: 2-5 years of direct experience, preferably in the community development or charter school sectors.
Entrepreneurial Outlook: Thrive in high-growth, fast-paced environment, with the ability to be flexible and navigate ambiguous situations
Product Knowledge: Familiarity with the CDFI bond guaranty program, New Markets Tax Credits program, Opportunity Zone financing and/or tax-exempt bond market.
Relationship Building: Track record of building long-term relationships among a demanding client base with diverse backgrounds.
Educational Requirements: Bachelor’s degree; CFA, MBA or similar advanced degree a plus.
Compensation:
Salary and benefits will be competitive and commensurate with experience.
How to Apply:
Please submit your resume and cover letter for consideration to hr@civicbuilders.org
Background:
The Loan Underwriter will work at The Community Fund of North Miami Dade, Inc. (CFNMD), a Community Development Financial Institution (CDFI) certified through the U.S. Department of Treasury since 2003 that serves as a subsidiary of Opa-Locka Community Development Corporation (OLCDC).
CFNMD utilizes resources derived from the public and private sectors to assist directly and indirectly distressed and low wealth communities. This has been accomplished through a program of lending and investing in small businesses, real estate development projects, and other commercial enterprises that are undertaken in the revitalization of neighborhoods and communities. The CFNMD has also been engaged in providing capital and technical assistance to small to medium businesses with limited credit and/or collateral required to obtain traditional financing. We welcome a candidate who would enjoy the challenge of transitioning a small CDFI fund to becoming a more significant player in the community lending field.
OLCDC is a 40-year community-based organization engaged in comprehensive community development ventures that includes affordable multifamily rental housing, commercial real estate, and human services in advancing the revitalization of under-resourced communities within the South Florida region
Position Summary:
The Loan Underwriter is responsible for meeting goals related to sourcing loan applicants, processing applications, generating earned revenue (pricing and volume of closed loans), and portfolio management that are consistent with the County’s RISE program requirements and CFNMD. The Loan Underwriter is also responsible for identifying and expanding community development micro-lending opportunities in target markets with a focus on providing loan financing to support both the county revolving loan program and CFNMD This position is also responsible for assisting the Director of CFNMD with the execution of business development programs that meet CFNMD overall business plan, mission fulfillment, and growth strategy.
Responsibilities:
The Loan Underwriter will be part of a dynamic Lending team and will support the team’s
responsibilities for loan deployment and credit administration.
Specific responsibilities include, but are not limited to, the following:
Source new loan applications – develop relationships with community partners to establish Centers of Influence (COIs) within the service area to identify qualified loan candidates. Maintain relationships with County officials and other program ambassadors such as those engaged in micro-finance, crowdfunding, and small business sectors.
Convert Leads to Application Clients – Meet with Leads to assess loan readiness and creditworthiness
Package Applications for Consideration - Collect information and documentation about the borrower, guarantors, collateral, and details about the business management
Underwrite - Analyze the loan request by verifying information and quantifying the probability of repayment. This will include a review of tax returns, financial statements, projections, business plans, credit reports, etc. Find relevant industry data to support the assessment. Ensure the loan criteria meets credit policy guidelines. Identify risks & weaknesses and provide mitigating factors. Outline conditions of the loan approval.
Obtain the Proper Approval – If required, prepare and present credit memorandums for internal approval and/or external loan committee review. Document the file to evidence proper use of authority.
Facilitate Closing – Prepare a Summary of Loan Terms and guide the borrower through the pre-closing process. When all conditions are met, prepare closing documents. Properly document file after loan closes.
Provide Technical Assistance – For any prospective borrowers that need pre-application or post-closing support, refer them to the appropriate resources for counseling.
Portfolio Reporting - Prepare analytic reports on loan portfolio performance on a monthly, quarterly, and annual basis. This includes generating investor and internal reports that are accurate, complete and timely
Perform Borrower Site Visits – On a recurring basis, visit borrowers’ places of business and document the loan file with details about the client meetings, collateral inspections and operational soundness.
Service Loans through Amortization – Respond to requests for loan modifications. When needed, assist with collections and liquidation efforts
Execute Marketing Strategies that seek to develop micro-loan products that create exposure for OLCDC/CFNMD, increase brand awareness and drive sales volume. This can include recovery products launched in conjunction with County partners; for example, in response to the COVID 19 pandemic and its impact on small businesses
Advocate within the Service Area - Promote CFNMD’s loan products and technical assistance resources to prospective borrowers, community organizations, banks, and government agencies.
Stay updated on lending trends and industry best practices
Understand, adopt, and adhere to organizational policies, procedures, and guidelines.
Ensure program compliance with all applicable rules and regulations
Other duties as assigned.
Requirements:
Requirements:
Bachelor’s degree in business management or related field (such as accounting, finance, or economics).
Demonstrated ability to balance multiple tasks and manage competing priorities with hard deadlines.
Working knowledge of commercial underwriting principles to include cash flow analysis, collateral assessments, consumer credit screening and key business soundness metrics. Candidate should also be familiar with the nuances of non-profit accounting.
High proficiency in MS Office Excel, Word, PowerPoint, and related products.
Ability to thrive in an independent work environment and seamlessly work with teams
Able to exercise discretion in handling confidential information
Must have a genuine passion for serving the entrepreneurial community in a mission-driven, small office work environment, with flexibility and enthusiasm.
Strong written and verbal communication skills as evidenced by a recent writing sample
Ability to build a network of partners & manage relationships with key stakeholders
A history of delivering superior customer service to internal and external customers. This includes being responsive, friendly and respectful of others.
Reliable transportation and comfort traveling throughout the county to meet with clients and partners.
Ability to efficiently and effectively manage their time.
Self-starter willing to learn and take on new challenges.
Competitive Candidates will also have the following skill and experience :
At least 5 years of experience in small business lending, residential and commercial lending; nonprofit and/or government community development lending or a combination thereof
Previous experience with a comprehensive loan servicing software.
Success in a previous sales role that involved monthly & annual sales goals
Prior credit administration experience - working knowledge of typical processes for loan servicing, modifications, and collections & liquidation
At least two years of experience in prior role involving fund accounting and/or compliance
Comfort with public speaking
Compensation:
Commensurate with experience
How to Apply:
Please submit cover letter summarizing your work and salary requirements with a copy of resume by applying directly through the OLCDC.org website
Background:
The Community Fund of North Miami Dade, Inc. (CFNMD), a Community Development Financial Institution (CDFI), a subsidiary of Opa-Locka Community Development Corporation (OLCDC), is seeking an Executive Director to manage and provide overall leadership, strategy, and stewardship of its loan fund.
CFNMD utilizes resources derived from the public and private sectors to assist directly and indirectly distressed and low wealth communities. This has been accomplished through a program of lending and investing in small businesses, real estate development projects, and other commercial enterprises that are undertaken in the revitalization of neighborhoods and communities. The CFNMD has also been engaged in providing capital and technical assistance to small to medium businesses with limited credit and/or collateral required to obtain traditional financing. We welcome a candidate who would enjoy the challenge of transitioning a small CDFI fund to becoming a more significant player in the community lending field.
OLCDC is a 40-year community-based organization engaged in comprehensive community development ventures that includes affordable multifamily rental housing, commercial real estate, and human services in advancing the revitalization of under-resourced communities within the South Florida region
Position Summary:
CFNMD is seeking an experienced community lending leader, preferably within the Community Development Financial Institution industry, to direct and manage daily operations and execute the Loan Fund's strategic vision and growth. The Executive Director is responsible for the overall management of the Loan Fund, working directly with the Fund’s board of directors and staff to implement the vision and strategic goals of the organization related to loan growth, marketing, earned revenue, and portfolio management technical assistance, and mission fulfillment. We welcome a candidate who would enjoy the challenge of transitioning a small CDFI fund to becoming a regional player in the community lending field.
The Executive Director is responsible for managing all operational functions supporting the Fund’s small business lending, including underwriting, closing, portfolio management, and loan servicing, and working closely with the Fund’s Board of Directors.
Responsibilities:
SPECIFIC DUTIES AND RESPONSIBILITIES:
Create and implement a strategic vision for the organization through the development and implementation of a business plan and multi-year strategic objectives that support a regional focus.
Develop, direct, and lead a team to achieve the priorities specified in the Business Plan.
Work with financial institutions, foundations, corporations, and interested donors on creative approaches to grow the Fund and its capacity.
Collaborates with senior leadership and OLCDC divisions/departments to develop strategies and proposals that articulate a clear, compelling, and measurable case for funding from banks, foundations, corporations, and federal/state governmental agencies.
Maintain a strong relationship with current and potential investors and maintain a high percentage of investor renewal
Establish clear policies governing all areas of the origination and portfolio management process.
Oversee the development/management of credit policies for the loan business.
Oversees the CFNMD’s budget and ensures that resources are appropriately allocated.
Set up and administer software reporting to track the fund data, including loans and grants, to ensure compliance with governmental, financial institutions, and donor reporting requirements.
Direct the allocation of resources on the deployment on loans.
Develop clear key performance impact measurements for staff along with an employee performance management system
Develop and implement a marketing strategy that will increase the number of investments into the Fund as well as its visibility within targeted communities in the region.
Supervise, train, coach, motivate and develop fund staff, interns, and volunteers.
Prepare analyses and reports on the loan portfolio performance, in collaboration with the servicing agent, CRF.
Manage all servicing and collection efforts, externally and internally
Facilitate and manage the work of the Board of Directors, Loan Committee and other committees
Work closely with the OLCDC management team on the potential financing of real estate projects.
Maintain knowledge of laws, regulations, and guidelines within the banking/CDFI industry to ensure compliance with regulatory agencies and organizations and best practices
Explore opportunities for new initiatives, new income opportunities, and partnerships with OLCDC’s senior leadership.
Requirements:
Bachelor’s degree in related field required (finance, accounting, or real estate preferred); Master’s in business and/or community development preferred
Minimum of ten years of experience in small business lending affordable housing or community economic development, the majority of which should be in a senior role managing major aspects of the business.
Experience managing a small business loan fund or related industry.
Minimum of 3 years of project management and supervisory experience, able to supervise staff and build a strong team.
Commercial or small business underwriting a must.
Working knowledge of underwriting commercial loans, with familiarity with non-profit accounting
Experience working with CDFI related programs.
Strong network in small business lending, affordable housing, and/or community economic development field.
Demonstrated leadership skills.
Demonstrated ability to balance multiple tasks; work well independently; prioritize and meet specific
deadlines.
Good networking, relationship management, and customer skills.
High proficiency in MS Office Excel, Word, and related loan underwriting and servicing software products.
Excellent written and oral communication skills.
Must be comfortable with working in a mission-driven, small office work environment,
Background in real estate finance is a plus.
Willingness to learn and take on new challenges.
Compensation:
Commensurate with Experience
How to Apply:
For more information on CFNMD and OLCDC, visit our website OLCDC.org.
Interested candidates, please visit our website to apply. Include a cover letter summarizing work experience and interest, salary requirements, and resume.
Background:
TruFund Financial Services, Inc. (TruFund) is a national Community Development Financial Institution (CDFI) with offices in New York City; New Orleans and Baton Rouge, Louisiana; Birmingham Alabama and Houston, Texas. TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on technical assistance and innovative solutions to small businesses, nonprofit organizations, real estate developers, and other CDFIs. In the largest single round in the history of the New Markets Tax Credit (NMTC) Program since its creation in 2001, TruFund Financial Services, Inc. was recently awarded $55 million to spur economic and community development in distressed and low-income communities.
Learn more about TruFund at www.trufund.org.
Position Summary:
Summary:
Under the direction of the Executive Vice President, the Vice President/Managing Director will direct and manage local lending and program staff, set and achieve performance goals, and monitor the financial performance of the New York Market. As a member of senior management, the New York Managing Director will define strategic direction and business unit specific objectives. He/she will also ensure that all program activities operate consistently and ethically within the mission and values of TruFund Financial Services.
Responsibilities:
Primary Job Functions:
· Develop and communicate business strategies to local staff and stakeholders, and ensure alignment with corporate mission, vision and strategic direction.
· Actively represent the organization to key local stakeholders, including government officials, business leaders from the corporate, financial and non-profit sectors, private foundations and other funders, directors of community-based organizations, and peer organizations within the CDFI sector; engage in regular communications with external stakeholders on corporate and local performance.
· Oversee local aspects of the lending process, including loan sourcing and origination, as well as elements of the loan closing and servicing processes.
· Identify and develop strategic partnerships with economic development agencies, chambers of commerce, community- and faith-based organizations, banks and credit unions, and other referral partners to ensure sufficient deal flow on a consistent basis.
· Manage the development and growth of a loan portfolio that is sufficient in size and quality to ensure that the office is financially sustainable; maintain profit and loss responsibility for the market; lead the development of the annual budget for the respective market.
· Participate in proposal writing, budget, and other local fundraising efforts, in coordination with other members of the senior management team.
· Ensure compliance with all legal and contractual requirements and support the process of conducting financial and operational audits of business activities for Government and Private sponsored NY based programs
· Ensure that market staff adheres to systematic tracking of loan and grant programs, as well as CRM and pipeline management, and complies with all reporting guidelines. May require utilizing separate program-specific tracking systems.
· Monitor, track and report key financial, operational and social impact metrics to various constituents, including the Board, funders and others.
· Apply industry best practices and ensure adherence to documented standard operating procedures.
· Define and develop staff member roles, goals and responsibilities; formally assess staff performance on a regular basis; create an ideal staffing structure and work environment; select coach, and retain qualified staff; provide access to training and development opportunities where needed.
· Participate in corporate strategic planning sessions and regular senior management meetings.
· Meet pre-established monthly and annual business performance goals.
· Ensure that a professional quality of service is provided to all clients and partners.
Program Development and Management
· Manage the design and execution of new and existing NY market programs, including key components, such as pipeline development, marketing, implementation, program evaluation, etc.
· Provide program orientation for both internal and external stakeholders. Work with other staff to market programs to potential program applicants.
· Survey program participants and other stakeholders to distill and communicate 'best practices' and program improvements.
· Manage the timeline and execution of reporting to funders and other stakeholders.
· Assess potential program risks and develop and communicate a risk mitigation plan.
Requirements:
Education and Related Work Experience:
• Bachelor’s degree required. Masters preferred.
• Minimum of 7 to 10 years of management/leadership experience with a focus on managing a multifunctional office with staff in multiple locations.
• Proven track record in community economic development lending, management, business or finance.
• Formally credit trained with direct supervisory experience is highly desirable.
Knowledge, skills and abilities:
• Proficient knowledge of CDFIs, government and non-profit operations.
• Strong working knowledge of underwriting, credit, compliance and audit, loan loss prevention, customer service and policy administration functions of a lending operation.
• Skilled in securing government and non-government funding and fee-for-service contracts.
• Exceptional oral and written communication skills in both informal settings and formal presentations.
• Ability to understand and analyze various financial models.
• Proven ability to lead and manage in a matrix structure.
• Adept at coaching and guiding staff toward improved performance, as well as encouraging decision making at the lowest competency level.
• Inspires innovation and continuous quality improvement.
Supervisory Reports: Business Development and Program Staff
Total staff: 3 to 5
Interacts with: Credit, Resource Development, Lending Operations, Compliance
Disclaimer:
The statements herein are intended to describe the general nature and level of work being performed by the employee in this position. These statements are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of a person in this position.
Compensation:
Negotiable
How to Apply:
To apply email resume, references and salary requirements to Aisha Benson at abenson@trufund.org and Kim Carter Evans at kevans@trufund.org. Place "Vice President - Managing Director" in the subject line.
Background:
Do you have 5+ years of experience building fundraising strategy in the CDFI, housing, healthcare, educational or food space?
Are you passionate about supporting low-income communities and revitalizing neighborhoods?
We are currently in search of a nonprofit Manager of Foundation and Corporate Development for a Community Development Financial Institution. The position is based in VA, CA or NY. This is a Full Time, Permanent assignment.
ORGANIZATION TYPE: Community Development Financial Institution (CDFI)
LOCATION: Crystal City, VA and/or Oakland, CA and/or New York, NY
POSITION TITLE: Manager of Foundation and Corporate Development
DURATION: Full Time
SALARY: $120,000 - $140,000/annual
Position Summary:
Is This Your Dream Job? Reporting to the Senior Director of External Affairs, this position is responsible for developing and implementing a strategic plan for development/capitalization work, focusing on private, corporate and public sector funding opportunities. The candidate will identify and cultivate new partners and funders at the national, state and local levels. This candidate will create strategies to grow funding, collaborate with the external affairs team, and manage and write proposals. They will have a working knowledge of the community development finance industry or the sectors of housing, education, healthcare and food. The candidate will be highly independent, professional, and a strong relationship-builder that is excited to bring their fundraising skillset to this newly formed role on a dynamic and passionate team.
Responsibilities:
How You Will Spend Your Day:
• Collaborate with the Senior Director and team to create and implement a national development/capitalization strategic plan
• Spearhead development work and new initiatives, serving as a key relationship manager
• Target specific geographic markets across the country to identify state and local funders
• Develop compelling and successful proposals for federal, state and local grant programs
Requirements:
Our Ideal Candidate:
• 5+ years of experience in resource development, community development, fundraising with a proven track record of success in collaborating with foundations, large mainstream banks, and CDFIs
• Bachelor’s Degree, or additional years of experience
• Knowledge on how to expand funders in sectors of community development finance: affordable housing, community health centers, education facilities, and small businesses
• Highly skilled at writing grant proposals for complex funding applications
• Passionate about supporting and developing low-income communities
• Highly independent self-starter and relationship-builder
Compensation:
$120K - $140K
How to Apply:
If this sounds like the job for you, we would love to help make that happen. Please submit a resume to aborbee@cnpstaffing.com with “Manager of Foundation and Corporate Development” in the subject line.
Background:
The Genesis Fund, a Community Development Financial Institution (CDFI), is a statewide leader in expanding the supply of affordable housing and community facilities across Maine. We do this by both raising capital to provide financing to nonprofit organizations developing these projects and by offering expert technical assistance when needed. Through our work, we seek to address some of Maine’s most pressing challenges that face low-income people and communities. These include access to stable, affordable housing, high-quality child care, affordable health care, adequate and healthy food and recovery services for those facing addiction.
As a mission-driven lender, we can be flexible in meeting the needs of our communities and borrowers, developing innovative strategies and providing patient capital for high impact projects and bridging gaps in financing not met by other financial institutions. As a leader in the sector, we also have the opportunity to serve as a connector between organizations and institutions across the state that are seeking to solve community problems and don’t know where to start or how to fit the pieces together. Our goal is to make every good idea a success, whether through our own capital and technical support, or by directing community partners to the best resource. We also work to expand resources for affordable housing development throughout the state and help highlight the most pressing needs for action.
Now in our 28th year, the Genesis Fund is in an exciting period of growth and expanding visibility. In the past three years, our total assets have increased by more than 65%, driven by demand for our loan products and technical assistance. We currently have over $27M in capital under management, and expect to develop a plan that will get us to $50M in the next decade. We recently made our first loan in New Hampshire, expanding our footprint beyond Maine for the first time. We’ve completed a recent leadership transition and are looking to grow both the Fund and the staff to meet increased demand and new strategic opportunities. In 2020, we will be developing a new strategic plan to guide our work and ensure our impact into the future.
The Chief Lending and Program Officer will have the opportunity to join the Genesis Fund at an exciting time in our organization’s growth - developing our strategies, expanding our markets, and leading us to broader and deeper impact in Maine and beyond.
Position Summary:
The Genesis Fund seeks our first Chief Lending and Program Officer. The ideal candidate will be an innovative and strategic thinker with a passion for community development and achieving statewide impact. We seek a leader experienced in real estate development and/or community development finance who sees a strong fit with the mission and values of the Genesis Fund.
Responsibilities:
The Chief Lending and Program Officer is a new senior/executive level position responsible for leading the Genesis Fund’s lending and technical assistance programs. S/he will lead business development and collaborate with the Executive Director to develop and cultivate key partnerships for the organization. S/he will oversee the deployment of loan capital and develop technical assistance engagements, and ensure that targets for capital deployment and programmatic impact are met.
Requirements:
Our ideal candidate will have strong knowledge of the real estate development process and funding and financing options for affordable housing and community facility development, as well as strong leadership and project management skills. We are seeking a person with an entrepreneurial approach who is skilled in business development - identifying opportunities, building relationships, and working to say “yes” to new ideas and innovation while also ensuring that existing goals and strategies are met.
Compensation:
This is a full-time position based in our Brunswick, Maine office [although we are currently working remotely due to the COVID-19 pandemic].
Please read the full job description at https://genesisfund.org//images/New%20Job%20Description%20Feb%202020.pdf.
The Genesis Fund offers a generous benefits package that includes vacation and sick time, medical/dental/life insurance, short- and long-term disability, flexible spending account, 401(K) retirement savings plan and a paid sabbatical after ten years of full-time continuous service to the organization. The salary for this position is competitive for our industry and commensurate with experience. Serious candidates are welcome to inquire about the salary range.
The Genesis Fund is an equal opportunity employer.
How to Apply:
To apply, please email a cover letter and resume to info@genesisfund.org with “[Your Name] Application for CLPO” in the subject line. We are seeking to fill this position as soon as possible. Priority review will be given to applications received by July 24th.
