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.orgSubmissions will be reviewed and posted within 1 business day to ensure relevancy to the industry.

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

Accounting Associate NCALL Loan Fund
Dover, DE
Job Function: Accounting
Posted: February 26, 2018

Background:

The NCALL Loan Fund is a line of business within NCALL Research, Inc., a certified community development financial institution (CDFI). The Loan Fund provides financing for the development of projects such as affordable housing, community facilities and commercial real estate, with each loan providing significant community impact.  The Loan Fund is in the midst of a period of strong, strategic growth.

Position Summary:

This position is responsible for oversight of the Loan Fund’s financial monitoring and reporting.  The Accounting Associate will assist with the preparation of the Loan Fund’s financial statements and then track and assess the Loan Fund’s financial position.  The Associate will provide reports typically associated with financial oversight as well as reports relevant to the Loan Fund’s Strategic Plan, Loan Policy, budget, and stakeholder covenants.  The Associate will also be responsible for maintaining current financial files for each Loan Fund borrower, including communication with borrowers regarding submission of their financial statements. Other duties include the collection, assessment and reporting of the Loan Fund’s impact metrics as related to the community development loans it finances.  

Responsibilities:

  • Lead the quarterly and annual preparation of the Loan Fund’s financial statements, including working closely with NCALL’s Finance Director and the external auditor
  • Prepare internal financial reports; review and analyze with other staff members, Loan Committee, and Board members
  • Prepare and provide periodic compliance reports for  various Loan Fund investors and stakeholders
  • Review and approve accounts payable based on current budget and/or direction from management 
  • Assist with the preparation of various funding applications (both capital and operating) by completing the financial sections of such applications and providing appropriate financial reports
  • Maintain the financial file for each borrower/project with current financial information (quarterly statements, audits, 990s, tax returns, etc.)
  • Assist Loan Officers with the collection of community impact metrics prior to each new loan closing; lead the annual post-closing impact survey preparation; maintain the Loan Fund’s database of impact metrics
  • Maintain necessary professional certifications and memberships as applicable; participate in appropriate educational and training events
  • Attend conferences and events as appropriate for the industry and position
  • Display initiative and problem solving ability
  • Other tasks as may be necessary or assigned

Requirements:

  • Bachelor degree in an appropriate/related field
  • Minimum 3 years of experience in the accounting field
  • Excellent communication and computer skills
  • Self-directed, detail oriented, with the ability to work independently or as a member of a team
  • Entrepreneurial work ethic with an openness to learning new skills and systems
  • Courteous and professional manner in dealing with stakeholders and co-workers

Compensation:

TBD

How to Apply:

Please visit www.ncall.org/about/careers/

 

Loan Officer NCALL Loan Fund
Dover, DE
Job Function: Lending/Loan Operations
Posted: February 26, 2018

Background:

The NCALL Loan Fund is a line of business within NCALL Research, Inc., a certified community development financial institution (CDFI). The Loan Fund provides financing for the development of projects such as affordable housing, community facilities and commercial real estate, with each loan providing significant community impact.  The Loan Fund is in the midst of a period of strong, strategic growth.  

Position Summary:

The Loan Officer has significant responsibility for business development and loan origination, and will market the Loan Fund while attending various events in fulfillment of those responsibilities.  The primary duties of this position are to develop and maintain lending relationships while identifying, structuring, and underwriting community development loans.  Traveling will be required within the Loan Fund’s target market of the Delmarva Peninsula.

Responsibilities:

  • Develop new and maintain existing relationships with borrowers within the Loan Fund’s target market of the Delmarva Peninsula
  • Guide prospective borrowers through the loan application, approval and closing process
  • Underwrite and structure loan requests through appropriate analysis of the applicant and project based on Loan Policy guidelines
  • Coordinate/perform construction draw inspections and approvals with the Loan Servicer
  • Assist with portfolio delinquency management
  • Perform appropriate level of review and due diligence of existing relationships and associated credits as requested
  • Maintain strong, productive relationships with all contacts, including borrowers, other lenders and various lending-related service providers
  • Maintain necessary professional certifications and memberships as applicable; participate in appropriate educational and training events
  • Attend conferences and events as appropriate for the industry and position
  • Display initiative and problem solving ability
  • Other tasks as may be necessary or assigned

Requirements:

  • Bachelor degree in an appropriate/related field
  • Minimum five years of experience in community development lending with a verifiable track record of business development and customer service
  • Excellent communication and computer skills.
  • Self-directed, detail oriented, with the ability to work independently or as a member of a team
  • Entrepreneurial work ethic with an openness to learning new skills and systems
  • Courteous and business-like manner in dealing with stakeholders and co-workers.

Compensation:

Commensurate with experience.

How to Apply:

Please visit www.ncall.org/about/careers/

 

Vice President of Finance and Operations Charter Impact Fund
New York, NY
Job Function: Finance
Posted: February 23, 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

As a founding member of a growing social impact organization, the Vice-President will be responsible for the oversight of the organization’s finance, accounting, compliance, reporting, and the human resource functions.  S/he will be responsible for enhancing and developing CIF’s financial and operational systems to address current and future needs of the organization, monitoring business plan results, and assuring financial and reporting compliance to public, philanthropic and private partners.  Reporting directly to the Chief Executive Officer, the Vice President will ultimately supervise a growing staff and work closely with members of the investment team including the Vice President of Credit and Lending.  

Who You Are

Innovative Financial Leader.

With more than 15+ years as an executive leading high performing, financial and operational teams, either in the non-profit, schools, or business fields, you are an innovator, analytical thinker and strategic thought partner with a proven track record of success.  You have demonstrated success in managing the oversight of the long-term budgetary and cost management planning cycles of a growing organization. You have skillfully guided innovative operating financial strategies and operational functions to include financial reporting, putting into place prudent fiscal controls, and cash management.

Risk Management Strategist.

As a seasoned proactive decision maker who understands bank operations, you can assess risk efficiently and develop strategies to support the organization’s lending and credit activities and mitigate related risks. With the Chief Credit Officer (Credit) and the Investment Principal (Lending), you will create and maintain dashboard metrics to communicate financial, loan capital, and loan portfolio status and production. As the team lead, you have experience managing the treasury function including planning and operations, financial risk management, corporate governance, and stakeholder relations. You have ample experience around non-profit accounting, fund accounting, and/or hedge accounting. You are able to balance the big picture with the critical administrative responsibilities required to ensure that organization meet all statutory requirements.

Systems Developer & Operator.

  • Having worked at start-up organizations or supported growing organizations, you understand what any organization needs to thrive and evolve.  This experience allows you to understand how all of the pieces of the organization fit together and which systems will support the ongoing operations of the team.  As a data consumer, you have developed, implemented and tested success metrics for financially focused organizations and understand how to facilitate cross functional communication to eliminate the “silo-effect”.  You have time-tested strategies in your toolkit to support effective decision making processes and have developed proven internal management systems the drive consistent results.

Developer of People.

  • With experience building strong organizations and teams, you have developed organizational effectiveness through talent management and development, change management, performance management and succession planning.  You understand how to identify great talent, whether that be consultants or full-time staff, and how to create developmental opportunities that allow for the identification of career pathways, reducing organizational churn.

Cultural Ambassador & Facilitator.

  • You understand how to develop a strong company culture through great leadership and have experience in developing and collaborating with team members across the organization to do the same.  You demonstrate this belief in the ways you interact with staff and stakeholders, harness and focus team energy, and in how you communicate with integrity in your day-to-day work. Your passion and personal commitment to providing students’ education equity through innovative school financing is contagious and drives company culture.

Effective Communicator.

  • As a seasoned spokesperson, you are able to articulate the organizational and financial benefits, success and impact to the larger education and financial community, as well as charter school boards, potential funders and CIF board members.

Mission Focused & Driven.

  • Experienced in leading relevant functions in organizations that look to innovate around some of society's greatest needs, you have a passion for making things better for the next generation and work tirelessly to ensure progress is made each day toward achieving that goal.  Your enthusiasm is relentless and helps sustain and drive others in the organization. Your laser-light focus on our mission and impact helps to transform and grow how we do our work.

Organizational Impact & Outcomes for Success

  • As an emerging entity designed for significant social impact and scale, CIF seeks a VP that has the experience and ability to build the financial and operational foundation necessary to support a rapidly growing organization.  
     

Location

  • This role will be based in New York City.

Responsibilities:

The VP will do this by:

  • Providing the management and supervision necessary to build an effective internal team with strong organizational alignment and mission focus;
  • Crafting ambitious organizational goals including, communications strategy, financial planning and budgeting, recurring operational processes and organizational efficiency, and assessing and ensuring successful attainment of those goals;
  • Developing efficient and effective systems to ensure a successful startup that leads to long-term organizational and financial viability for the organization. Key responsibilities include detailed budgeting, planning and cash forecasting activities, production of timely and accurate monthly financial statements, and effective administration of benefits and payroll;
  • Strategically managing the finances of a company with increasingly complex capital resources, including analyzing and planning for risks presented by increased lending and borrowing activity and any related regulatory compliance;
  • Ensuring key relationships and effective services from insurance providers, audit, tax, and accounting firms, legal advisors and bankers, etc.  
  • Serving as a key advisor to the CEO and supporting the implementation of a strategic plan for raising capital and managing a successful reporting function that complies with all funder, investor, and state and federal requirements;
  • Developing internal management systems, data infrastructures, and performance monitoring processes to related to internal operations as well as lending and compliance reporting.  This includes managing the data, tools, and calculations that feed the Fund’s investor statements, capital account statements as well as the associated compliance with third-party standards for investor performance reporting.
  • Providing leadership, guidance, and support to direct reports, team members, and others that drives success and reinforces our core values.

Requirements:

see the job description

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:

This targeted search is being led by the executive search team at Advance Talent Solutions (ATS). Interested parties should share a copy of their latest resume using the online application link here.

Analyst, National Charter School Financing Local Initiatives Support Corporation
New York, NY
Job Function: Other
Posted: February 23, 2018

Background:

LISC is a national nonprofit organization that provides financial and technical assistance to community-based organizations working to improve social and economic conditions in low-income communities.  Founded in 1979 by the Ford Foundation, LISC has grown to become the nation’s premier national nonprofit intermediary providing comprehensive support for neighborhood development and working to enhance the overall community development sector.  Headquartered in New York City, LISC’s invests in every state in the country with offices in 31 urban markets from Buffalo to San Francisco. Our rural programs make an impact in 44 states, and are supported by LISC’s talented and dedicated workforce.

Position Summary:

The Local Initiatives Support Corporation (LISC) seeks qualified candidates for the position of Analyst within LISC’s national Charter School Financing (CSF) group.  CSF provides financing to high-performing, mission-aligned charter schools to acquire, build and renovate facilities.  The Analyst will be responsible for supporting the CSF team in all facets of its work, including financial analysis, academic analysis, portfolio monitoring and reporting, and special research projects.  The Analyst will report to the Senior Director of CSF.

Responsibilities:

  • Providing research and analysis to support the underwriting of charter school transactions, including:
  • Analyzing historical and projected financial performance, academic quality, and management capacity; and
  • Tracking and screening financing request applications.
  • Supporting asset management of LISC’s charter school portfolio: 
  • Supporting the monitoring and tracking of CSF’s investments including monitoring academic performance and charter renewals; and 
  • Serving as CSF point person for LISC’s loan administration systems.
  • Fulfilling CSF’s reporting requirements to internal and external parties, including quarterly and annual reports to CSF funders.
  • Keeping up-to-date with the charter school sector and providing research and analysis on target markets and other special projects.

Requirements:

  • Bachelor’s degree required; master’s degree a plus.
  • At least three years of professional experience.
  • Ability to produce high-quality work products under tight deadlines.
  • Detail- and team-oriented, with strong financial analysis and data analysis skills.
  • Highly proficient in Microsoft Excel; experience with data analytics software a plus.
  • Strong time management, multi-tasking and organizational abilities.
  • Self-starter with the ability to work independently as well as the ability to collaborate.

Compensation:

Competitive salary

How to Apply:

For consideration, please forward a cover letter and resume to:

Ms. Charmian Stewart
LISC
501 Seventh Avenue, 7th Floor
New York, NY 10018
Email: csf@lisc.org

Community Development Advisor Federal Reserve Bank St Louis
St Louis, MO
Job Function: Other
Posted: February 21, 2018

Background:

The St Louis Fed is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas with branches in Little Rock, Louisville and Memphis. The St. Louis Fed’s most critical functions include: promoting stable prices and economic growth, fostering a sound financial system, providing payment services to financial institutions, supporting the U.S. Treasury's financial operations, and advancing economic education, community development and fair access to credit.

Position Summary:

The Community Development Advisor serves as an expert on financial access, capability, and empowerment of low- to moderate-income (LMI) and underserved individuals and households. The Community Development Advisor uses strategic agility and quality decision making to support Community Development (CD) leadership in the development of a comprehensive strategy for designated area of policy expertise (to include research, outreach, and other initiatives.  The Community Development Advisor produces highly specialized and original papers, articles and reports on CD topics for District publications and represents the Bank and CD function on System workgroups, and participates in and leads District projects.

Responsibilities:

  • Leads financial access, capability, and empowerment area of policy expertise for the Policy & Analysis group by helping to strategically plan and coordinate related research and outreach activities using effective and creative approaches to address Low to Moderate Income (LMI) issues. 
  • Effectively carries out project management; helps define project specifications and/or requirements, identifies resources, organizes teams, ensures project objectives conform to Bank and CD strategic plans.
  • Tracks related core data indicators, policies, and regulations for the District on designated area of policy expertise. 
  • Executes research projects on select topics to assess LMI needs and issues within the District; includes primary and secondary data gathering, analysis/synthesis, and case studies. 
  • Supports activities to inform internal & external stakeholders on issues impacting LMI communities by writing and delivering effective professional presentations. 
  • Coordinates dissemination and use of results to prioritize the implementation of complementary activities (e.g. forums and educational series) throughout District using in-person and technology-based approaches.
  • Serves on local/regional taskforces/project committees that align with District and System CD interests.
  • Participates in substantive, hands-on collaborative CD projects in a part of the District annually and documents/publishes processes for potential duplication in other parts of the District/country.
  • Maintains a high level of knowledge regarding research, best practices, and policy expertise of specified issues related to the community and economic development field.
  • Conducts independent applied research and produces specialized and original data reports for the CD department's website, blogs, discussion papers, other printed material, and for external sources on CD issues.
  • Serves as a contributing author for the CD department’s quarterly publication and helps to recruit outside contributors to address critical topical issues for the District and nation.
  • Prepares and delivers sophisticated presentations on CD topics to internal and external stakeholders. 

Requirements:

  • Bachelor’s Degree; Master’s Degree preferred or commensurate experience
  • 5+ years relevant professional experience (e.g., Public Policy, Public Administration, Social Work, etc)
  • Ability to execute strategy and monitor, measure, and report outcomes. 
  • Highly developed interpersonal savvy to foster strategic relationships with key stakeholders. 
  • Demonstrated ability to use technical and intellectual skills to independently conduct high-level applied, practitioner- and policy-oriented analysis.
  • Ability to work effectively both independently and as part of a team
  • Ability to process and assess complex procedures, practices, and polices
  • Strong planning and prioritization skills to manage multiple projects and work processes, meet tight deadlines and shifting priorities
  • Strong verbal and written communication skills to effectively interact with all levels of internal staff and external customers 
  • Proficient in Microsoft Office Suite 
  • Candidates with less experience or education may be considered at a lower job grade and/or salary.
  • Travel (25%)
  • Position requires US Citizen or lawful permanent resident intending to become a citizen who meets certain other requirements

Compensation:

Competitive

How to Apply:

Apply here.

Executive Director City First Enterprises / Douglass Community Land Trust
Washington, DC
Job Function: Other
Posted: February 20, 2018

Background:

The proposed Douglass Community Land Trust (DCLT) is an innovative initiative to establish a non-profit community land trust with an initial focus on the neighborhoods in Ward 8, East of the Anacostia River.  The DCLT is intended to fulfill one of the key recommendations of the Equitable Development Plan (EDP) that was created through a comprehensive, community-driven planning process led by the non-profit Building Bridges Across the River (BBAR).  BBAR is partnering with the city to transform an old freeway bridge structure into a new civic space.  The goal of BBAR's Equitable Development Plan is to ensure that the park is a driver of inclusive development- development that provides opportunities for all residents regardless of income and demography.  Over the last several years, BBAR has been working with City First Enterprises, a local CDFI, to engage the community, promote awareness, and begin the process of establishing the DCLT.   The DCLT is intended to create and preserve permanently affordable home ownership and rental housing opportunities for low- and moderate-income households by stewarding land as a permanent community asset. 

In the initial stage, City First, in conjunction with BBAR, is serving to incubate the project and help to establish a newly formed non-profit organization to serve the DCLT.  The position will be part of City First initially, but transition to the DCLT as soon as practicable.  This effort is supported by a local Advisory Committee which provides guidance and helps to set priorities until the non-profit is established.  The DCLT requires an Executive Director who can build the organization, help to establish its board, and build its staff, assets, and operating support.  The Executive Director will also be responsible for the establishment and implementation of annual goals and objectives; programming; and administrative and financial oversight of the organization.

Position Summary:

Organization / Executive Functions: Lead the start-up establishment and implementation of the DCLT, including hiring qualified staff and building infrastructure, developing and overseeing relationships with developers, partners, consultants and other stakeholders, and working cooperatively with Advisory Committee, BBAR, City First, District and other stakeholders to establish the governance framework and recruit board members. Lead the execution of the organization's business plan, with a focus on attaining scale via the acquisition and development of DCLT units.  Manage the organization, build a diverse DCLT team to execute its growth plan and oversee its stewardship activities.  Model and set the DCLT's culture, values and behaviors.

Real Estate: Oversee a range of DCLT developments, directly and in partnership with CLT partner organizations, from acquisition and development of scattered single-family homes to multi-family rental properties, on a standalone basis or in partnership with other developers. Ensure compliance with internal policies and external legal requirements for all DCLT activities.

Public Education and Relationships: Represent the DCLT initiative to the public-including community residents, public officials, funders, lenders, partners, and other stakeholders.  Establish trusted relations with key partners and stakeholders and act as a point of contact for all interested parties. Ensure the DCLT's website is up to date. Provide education on DCLTs to organizations and general public-emphasizing how the DCLT addresses the affordable housing needs for low- and middle-income residents, supports neighborhood "in-placement" (rather than displacement), stewards land and property, and other affordable housing issues. Represent DCLT to the media, emphasizing how the real estate activities of the organization meet the needs of neighborhoods and those residents adversely affected by the lack of affordable home ownership opportunities.  Collaborate with advocates to and partners to represent the DCLT's interests, including local and national peer groups, such as the Coalition for Nonprofit Housing and Economic Development and the Grounded Solutions Network, among others.
Funding Functions: Direct fundraising efforts to support DCLT operations and development. This includes writing and submitting grant requests, soliciting corporate and foundation donations, meeting with individual donors, and raising below market rate debt to expand affordable housing.

Support Functions: Provide support for the board of directors, including development of the board. Assure board members complete the roles and assignments they have accepted; meeting agreed on timelines and assisting with access to resources as needed to complete assignments. Research issues before the board so that all activities flow from informed decisions.

Record Keeping Functions: Public and Private investment-Maintain accurate financial records regarding public and private investment as well as the value of donated properties held in trust, assuring compliance with grantor/donor requirements and government laws.  Ensure accurate financial records of resales so that the criteria of the community land trust resale formula can be fulfilled. Annual audit-provide materials for an annual audit to assure compliance with all governmental regulations; also, compliance with private grantor requirements concerning permanent subsidy funds.

Responsibilities:

Building a successful community land trust requires a leader who understands how community land trusts operate, who is comfortable with new ventures, is a self-starter and is action and results-oriented.  More specifically, we look for candidates with experience in these areas:

Executive Leadership - Prior experience in leading organizations, building staff and board capabilities, setting and implementing strategic vision, and directing efficient, effective operations; direct experience in building organizations from inception to fully functioning, sustainable operations highly preferred.

Real Estate Development - Experience in leading residential and/or commercial real estate community development projects in urban neighborhoods undergoing significant transitions; knowledge of effective affordable housing solutions and approaches; hands-on understanding of working with multiple cross sector stakeholders to complete development projects.

Financial Leadership / Fundraising - Experience in working with philanthropic individuals and foundations, corporate investors and other parties to fund large scale projects; demonstrated knowledge of effective financial management techniques and reporting.

Nonprofit or Public Sector Leadership - Experience in working with nonprofit or public sector agencies to deliver high value community service; proven ability to build long-term relationships with wide variety of stakeholders; experience in leading and managing community driven change while working in partnership with board, investors, and staff.

To be successful in this role, candidates must have these personal qualities:

  • Integrity:  Honest, trustworthy and operates in best interest of organization
  • Credibility: Track record of delivering tangible outcomes over time
  • Inspiring:  Builds enthusiasm and support in others for the effort
  • Initiative: Has clear capacity to act and the confidence to act even when there are many unknowns
  • Vision: Identifies gaps in community needs and forges a vision to fill them in a timely way; performance driven
  • Responsive: Listens to all parties and responds appropriately
  • Adaptable: Identifies and works with team to manage change; can implement transformational place-based change.

Requirements:

Candidates must have at minimum a bachelor's degree in planning or other relevant field, and must be willing to engage as an active member in the community. 

Compensation:

Compensation is competitive and commensurate with experience.

How to Apply:

Please email resume and cover letter to HR@cfenterprises.org. No phone calls, please.

Associate, New Markets Tax Credit Nonprofit Finance Fund
New York, NY
Job Function: Financial Services
Posted: February 16, 2018

Background:

What We Do:

Nonprofit Finance Fund (NFF) works toward a more just and vibrant society through:

  • Financing that invests in missions. Our customized financing strengthens hardworking nonprofits and social enterprises.
  • Consulting that empowers leaders. Our experts equip you to make financial decisions that best serve your mission.
  • Partnering on big problems. Service providers, funders, and investors turn to us for new ways to collaboratively support stronger, fairer communities.
  • Learning that helps illuminate paths to solving complex social issues. Sharing experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis – makes it easier.
  • NFF advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing that empower leaders, organizations, and ideas. A leading Community Development Financial Institution (CDFI), NFF currently manages over $310 million. Since 1980, we have provided almost $700 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide.

Position Summary:

The New Markets Tax Credit is a federal tax credit program that facilitates private investment for capital projects that will generate benefits to the low-income communities and low-income people. These benefits may be in the form of new jobs or new goods and services. The tax credits are awarded by U.S. Department of Treasury, Community Development Financial Institution Fund the (“CDFI Fund”) to government-certified entities on a competitive basis. NFF is a seven-time awardee and has received a total of $281 million in allocation. NFF deploys the tax credits primarily to nonprofit organizations that create or expand health, education, workforce and human services for underserved people.
 
The Associate supports NFF’s New Markets Tax Credit work including tax credit deployment, program compliance, reporting, and portfolio management.  The Associate will also assist with preparing the application for NMTC allocation authority and selecting the projects that will receive the tax credits.  The ideal candidate will have experience in regulatory and compliance reporting and financial analysis.  In addition, the ideal candidate will have a demonstrated interest in or commitment to supporting low-income communities and/or the nonprofit sector, as well as strong communication and relationship building skills.

Through regular interaction with NFF staff, consultants, borrowers, investors and community members, the Associate will support the management of NFF’s NMTC investments (currently a $178 million portfolio) and compliance with the NMTC program.

This position will be based in NFF’s New York headquarters and will report to the NMTC Portfolio & Compliance Manager.

Responsibilities:

  • Develop and maintain New Markets Tax Credits program expertise, including knowledge of applicable rules, regulations and guidance
  • Interact with borrowers, project representatives, and community stakeholders to collect and manage required reports and community and economic impact data; refine measurement and tracking of impact data
  • Perform loan monitoring responsibilities, including review of construction loan disbursement requests, collection and review of reports and certifications, completion of site visits, financial analysis and risk ratings of borrowers, and analysis of overall portfolio quality in coordination with other team members (NMTC Staff, Portfolio Management Staff, etc.)
  • Maintain compliance-related files and tools
  • Assist with the submission of compliance reports to the CDFI Fund and the I.R.S.
  • Assist with the collection of data for NMTC Allocation Application
  • Assist with collection and review of data for underwriting of new NMTC opportunities; including confirming project eligibility and supporting underwriting team
  • Coordinate meetings for NFF’s NMTC advisory committee, and prepare meeting agendas and minutes
  • Assist with the preparation of reports to management, the board of directors, the advisory board, investors, and government agencies
  • Recommend process improvements

Requirements:

Essential Requirements for Education and/or Experience:

  • Bachelor’s degree or equivalent combination of education and experience
  • 2-4 years of work experience, preferably in the fields of financial services, accounting, or consulting
  • An organized and meticulous approach to work with strong attention to detail
  • Strong time management, multi-tasking and organizational abilities, and ability to coordinate and prioritize among conflicting demands and deadlines
  • Excellent Microsoft Excel skills required in addition to proficiency with other Microsoft Office applications

Specialized Knowledge/Beneficial Skills and Experience:

  • Experience reading legal agreements and documents
  • Familiarity with real estate and financing terminology and related concepts
  • Familiarity with nonprofit accounting
  • Experience with the NMTC program
  • Knowledge of Salesforce

Compensation:

All salaries are commensurate with experience and include an attractive benefits package.

How to Apply:

Apply here.

Asset Manager - LIHTC Community Affordable Housing Equity Corporarion
Raleigh, NC
Job Function: Other
Posted: February 16, 2018

Background:

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Asset Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. CAHEC also invests in the people living in the properties it helps finance through its innovative enrichment opportunities called Community Investments.

Position Summary:

An Asset Manager is responsible for ensuring investors receive anticipated benefits associated with an assigned portfolio of multifamily real estate partnerships by proactively monitoring the investments’ operational performance, compliance with Section 42 of the IRC, and regulations of other applicable housing programs, funding sources, and laws. An Asset Manager identifies performance concerns and works to resolve them, to maximize return on investments, prevent losses, and promote positive relations with investors and owner/managing partners. Timely communication of concerns and potential solutions to all stakeholders is essential in order to address portfolio matters as soon as possible. Successful portfolio management is accomplished by evaluating reports, inputting accurate and timely data, preparing and interpreting historical and trend analyses, and performing regulatory and physical site assessments.

Responsibilities:

Some specific functions include, but are not limited to, the following: 

  • Identify operational or regulatory issues and work to resolve them in order to maximize return on investments, prevent losses, and promote positive relations with investors, owners, and managing associates.
  • Evaluate reports, maintain accurate and timely data, prepare and interpret historical trends, perform site inspections, and consult with all stakeholders.
  • Maintain frequent verbal and written communication with developers, property management agents, state agency representatives, and other associates during the construction and management of the properties.
  • Participate in investment review meetings and provide technical assistance and support to the Acquisitions, Fund Management, and Risk Management departments.

Requirements:

Education Requirement

  • Bachelor’s degree in business management, business administration, accounting, finance, real estate. Or, an equivalent combination of education and comparable work experience.

Work Experience 

  • Minimum of three (3) years of relevant multi-family residential real estate experience with a focus on the review and interpretation of property financial statements. Experience performing physical site inspections is preferred.  

Other Requirements

  • Intermediate Excel and Word skills. Excellent analytical skills. Excellent verbal and written communication skills, coupled with the ability to maintain productive working relationships with all stakeholders. General knowledge of accounting, financing processes, and residential, multi-family property management best practices. Ability to collaborate in a team environment.

Compensation:

Compensation is commensurate with education, experience, and job performance. 

How to Apply:

Please send a cover letter, resume, and completed CAHEC application to: HumanResources@CAHEC.com. The CAHEC application is available at the careers section of our website - www.cahec.com. 

Loan closing specialist Rural Community Assistance Corporation
West Sacramento, CA
Job Function: Lending/Loan Operations
Posted: February 15, 2018

Background:

Founded in 1978, RCAC is a 501(c)(3) non-profit that provides training, technical and financial resources and advocacy so low-income rural communities can achieve their goals and visions. For more than 35 years, our dedicated staff and active board, coupled with our core values: leadership, collaboration, commitment, quality and integrity, have helped effect positive change in rural communities across the West.

Position Summary:

To support RCAC’s Loan Fund Department in its mission to act as an intermediary to provide suitable and innovative solutions to the financing needs of rural communities and disadvantaged populations. Major responsibilities include, but are not limited to: loan origination-closing; pipeline, Loan Application Processing System (LAPS) database; and other departmental duties.

Responsibilities:

Loan Origination-Closing Duties

  • Review and audit new loan applications for completeness
  • Maintain accurate checklists for loan files
  • Assess compliance to RCAC policies and procedures and make recommendations as needed
  • Prepare draft commitment letter for loan officer review and approval
  • Distribute, track and monitor receipt of all commitment letters
  • Work closely with loan officers, escrow officers and borrowers to track and monitor receipt of all incoming pre-closing, closing and post-closing loan conditions
  • Prepare draft loan documents for loan officer review and approval
  • Coordinate closely with title company, borrowers and other funding sources in delivery of loan documents for signature and delivery of initial disbursements
  • Review fully executed loan documents for loan fund readiness
  • Request funds from accounting 24 hours in advance
  • Initiate ACH and/or wire as needed
  • Prepare final loan set-up sheet, attach supporting documentation within 24 hours of loan closing and forward to accounting
  • Prepare “Borrower’s Welcome Package” for loan officer review and approval
  • Prepare USDA Loan Guarantee package as needed
  • Work closely with participants to lock loans and delivery of loan guarantee within the lock period

Pipeline

  • Notify loan fund director, loan administration manager and loan officer 30 days prior to expiration date of a commitment letter 
  • Track lock expiration date when loan participants need to purchase USDA guaranteed portion of loan to avoid late delivery fees

Loan Application Processing System (LAPS) Database

  • Update and maintain at all times

Other Duties

  • Process loan draws as needed
  • Process loan demands as needed
  • Process loan reconveyances as needed
  • Attend workshops and conferences as needed
  • Work on special projects as needed

Requirements:

Knowledge of:

  • Standard office procedures and programs 
  • English language, grammar, spelling and punctuation
  • Real estate finance, development and law, lending practices and procedures and the escrow process
  • Public nonprofit associations, agencies and programs
  • Various investment vehicles

Ability to:

  • Use a personal computer at high-level proficiency using Word
  • Use spreadsheet and database softwareProofread and edit documents
  • Demonstrate a high level of customer service skills
  • Work with minimum supervision and handle multiple priorities simultaneously
  • Follow detailed instructions
  • Use initiative to approach troubleshooting and problem-solving alternatives
  • Organize and prioritize work to meet established timelines
  • Effectively listen and communicate both verbally and in writing
  • Work with financial spreadsheets
  • Plan and manage contract and loan performance
  • Work as part of a team
  • Work independently with ability to analyze and solve problems
  • Relate well with the public

Physical Job Requirements:

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.   
  • Work performed in an office requires ability to operate computers and various pieces of office equipment, including telephone. Use may be moderate (average 2 hours per day) to heavy (4 or more hours per day)
  • While performing the duties of this position, the employee is frequently required to stand and/or sit for prolonged periods of time; walk; talk; hear; use hand to finger; handle; feel or operate objects, tools or controls; and reach with hands and arms.  The employee is occasionally required to climb or balance; stoop, kneel, crouch or crawl.
  • The employee may occasionally lift and or move up to 25 pounds.  Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
  • This position also requires moderate (up to 2 days per month) to heavy (up to 10 days per month) automobile and airline travel, including overnight travel. 

Special Requirements:

  • Possession of a valid driver’s license and proof of insurance that meets the minimum requirements ($100,000/$300,000) of RCAC corporate liability policy will be required when traveling for business purposes.

Compensation:

$23.28 to $25.00 hourly

How to Apply:

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

Vice President - Managing Director TruFund Financial Services, Inc.
New York, NY
Job Function: Financial Services
Posted: February 15, 2018

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; and Birmingham Alabama. 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 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.  Ensure that all program activities operate consistently and ethically within the mission and values of TruFund Financial Services.

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, compliance and audit, loss prevention, customer service and policy administration functions of a lending operation. 
  • Solid knowledge of local, regional and federal regulations and guidelines to ensure compliance.
  • 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.
  • Coach and guide staff toward improved performance. Encourage decision making at the lowest competent level.
  • Inspire innovation and continuous quality improvement. 
  • Serve as a positive role model to staff members.

Supervisory Reports: Loan Officers, Business Development Officer, T/A and Loan Officers

Total staff: 3 to 5

Interacts with: Credit, Resource Development, Lending Operations

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.

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 dealflow 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 office; lead the development of the annual budget for the respective office.
  • 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.
  • Ensure that market staff adheres to technical assistance tracking and 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 weekly, 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 TruFund programs, including key components, such as pipeline development, marketing, implementation etc.
  • Provide program orientation for both internal and external TruFund Financial Services Financial stakeholders. iii) 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.
  • Monitor, track and report key financial, operational and social impact metrics to various constituents including the Board, funders and others.

Requirements:

  • 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, compliance and audit, loss prevention, customer service and policy administration functions of a lending operation. 
  • Solid knowledge of local, regional and federal regulations and guidelines to ensure compliance.
  • 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.
  • Coach and guide staff toward improved performance. Encourage decision making at the lowest competent level.
  • Inspire innovation and continuous quality improvement. 
  • Serve as a positive role model to staff members.

Supervisory Reports: Loan Officers, Business Development Officer, T/A and Loan Officers

Total staff: 3 to 5

Interacts with: Credit, Resource Development, Lending Operations

Vice President/Managing Director - Page Three

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:

Email Cover Letter, Resume & Salary Requirements to kevans@trufund.org

Pages

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