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  • Make an impact and join the opportunity finance field.

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

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

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

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

Team Assistant, Advisory Services Nonprofit Finance Fund
Boston, MA
Job Function: Administrative/Operations/IT
Posted: September 29, 2017

Background:

What We Do:

  • 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.

Nonprofit Finance Fund® (NFF®) is a leading Community Development Financial Institution (CDFI) with over $250 million in community investments. NFF has provided $620 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide. In partnership with others, we've also supported the provision of more than $120 million in grants to nonprofits for recovery, capital and planning grants and reserves.

Position Summary:

NFF’s Consulting (Advisory Services) practice is seeking a full-time Administrative Team Assistant. The Team Assistant will support the Advisory Services Leadership team (ASL) - (4 Vice Presidents and Managing Director) providing day-to-day administrative support. The role requires comfort and flexibility in providing tactical and navigation in support of multiple managers and leaders of the team. The Team Assistant will be expected to have a basic understanding of NFF’s consulting offerings; have the ability to manage time and projects efficiently and have a level of comfort with detail oriented tasks.

This position will be based in Boston. This position reports to the Vice President of Advisory Services.

Responsibilities:

Administrative Support 

  • Manages calendar and coordination of business travel and logistics for the ASL 
  • Serves as the liaison for communication between ASL, staff and external entities 
  • Processes expenses, reimbursements, check requests and invoices and troubleshoots with accounting and finance department

ASL Team Support 

  • Provides support for ASL as required of their role in managing Advisory Services and Consulting Priorities including: Business Development, Consulting Delivery, Portfolio Initiative Management, Administration, Budgeting and Staffing 
  • Plans events and coordinates logistics for ASL Team-led, recurring and ad hoc events such as: Quarterly In-service, Retreats, Leadership Meetings, Senior Consultant Meetings, etc. 
  • Anticipates the need for redirecting or delegation of workflows based on calendar management and planning sessions within the ASL and other business units 
  • Provides project management support for ASL priorities; coordinates ASL calendars and tasks to ensure that team members have the resources to effectively deliver on commitments

Relationship Management & Communications 

  • Facilitates ASL communication with other departments and business units for effective stewardship and collaboration to produce enterprise-wide outcomes for cross-cutting initiatives 
  • Cultivates internal relations, staff coordination and communications including working proactively with colleagues, while using both formal and informal feedback from staff to improve functionality and efficiency of ASL and/or enterprise at large 
  • Perform other duties as needed

Requirements:

Essential Requirements for Education and/or Experience: 

  • Bachelor's degree or equivalent combination of education and experience 
  • Proven ability to manage multiple projects and competing priorities for senior leader(s) 
  • 3 – 5 year’s relevant experience supporting an executive or team 
  • Ability to make high level observations while being mindful of the details under stringent time constraint 
  • Proficient in Microsoft Office Suite – Outlook, PowerPoint, EXCEL and Word 
  • Comfort with and ability to learn, utilize and troubleshoot new technology 
  • Excellent communication skills, both spoken and written 
  • Ability to work independently and understand the demands of a team environment 
  • Self-motivated and results oriented with drive and initiative 
  • Ability to maintain confidentiality and professional boundaries 
  • Good sense of humor and diplomacy 
  • Generally, plays well with others 
  • Motivated by a value driven organization

Specialized Knowledge/Beneficial Skills and Experience: 

  • Professional exposure to the nonprofit sector 
  • Experience and commitment with supporting a team 
  • Comfort with ambiguity and change 
  • Experience in working for a mission driven organization 
  • Entrepreneurial and solution driven spirit

Compensation:

commensurate with experience

How to Apply:

To apply please click on provided link.

 

Finance Director Westminster Economic Development Initiative, Inc. (WEDI)
Buffalo, NY
Job Function: Finance
Posted: September 26, 2017

Background:

FLSA Status: Full-Time, Exempt

Department Name: Finance

Supervisor’s Title: Executive Director

Location: Buffalo, NY

Organization Mission: WEDI empowers economically disadvantaged people in Buffalo, with a primary focus on the West Side community.

Websites: www.wedibuffalo.org, www.westsidebazaar.com

Organizational Overview:

WEDI fulfills its mission and vision through three core competencies.

  • Economic Development: Low-income individuals and families attain sustainable incomes through business creation and expansion. Since 2012, WEDI has served over 800 clients in business training and technical assistance, disbursed over 110 microloans totaling over $650,000, and empowered hundreds of businesses to launch or expand.
  • Community Development: Entrepreneurs create focused, market-driven, and sustainable destinations that bring people together to create strong, diverse neighborhoods. WEDI hosts up to 21 businesses in the West Side Bazaar, a unique small business incubator that supports a diverse set of entrepreneurs offering authentic products in a marketplace setting, and has successfully graduated over 25 owners.
  • Education: English language learners acquire comprehension and fluency to attain parity with native English-speaking peers, which in turn promotes high graduation rates, family health, and a strong community. The ENERGY Literacy for Children and FLY after-school programs serve over 60 English-language learners from Buffalo’s West Side who are in grades 1-8.

Position Summary:

The Finance Director is responsible for all financial matters of WEDI, including a microloan portfolio. The Finance Director will report to and work closely with the Executive Director. In addition, s/he will partner with the senior leadership team and the board of directors to develop and implement strategies across the organization. The Finance Director will oversee all compliance for government contracts and private grants. S/he must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline‐oriented workplace while managing a finance staff of two.

Responsibilities:

Finances
● Oversee cash flow planning and ensure availability of funds as needed
● Oversee cash, investment, and asset management
● Oversee financing strategies and activities as well as banking relationships
● Develop and utilize forward‐looking, predictive models, and activity‐based financial analyses to provide insight into the organization’s operations and business plans

Planning, Policy, and External Relations
● Coordinate the development and monitoring of budgets
● Develop financial business plans and forecasts
● Participate in corporate policy development, as a member of the senior management team
● Engage senior management to develop short‐, medium‐, and long‐term financial plans and projections. Review these plans with the appropriate committees of the Board of Directors.
● Represent the company to financial partners, including financial institutions, investors, foundation executive auditors, public officials, etc.
● Remain up-to-date on nonprofit audit best practices and state and federal law regarding nonprofit operation
● Attend and lead staff functions for all requisite committee meetings

Accounting and Administration
● Oversee the accounting department to ensure proper maintenance of all accounting systems and function, including direct support, as necessary; supervise WEDI’s two finance staff members. Ensure completion of activities, including month/year end close, accounts payable, financial reports, payroll, invoicing, cash receipts, and loan servicing.
● Ensure maintenance of appropriate internal controls and financial procedures.
● Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and WEDI’s board of directors; oversee the preparation and communication of monthly and annual financial statements.
● Primary liaison with outside auditors and finance committees; responsible for leading the audit planning, significant accounting policies and their adoption, and financial statement preparation and disclosure. Review tax returns prepared by outside accountants prior to organization’s officer sign‐off. Work with accountants on planning.
● Ensure legal and regulatory compliance regarding all financial functions

Requirements:

The Finance Director will be a seasoned and mature leader with at least 5-7 years of broad finance experience, ideally beginning in audit and/or tax, followed by experience gathering and evaluating financial information and making actionable recommendations to senior leadership. S/he will ideally have experience managing finance (accounting, budgeting, control, and reporting) for a complex nonprofit with multiple funding sources including government (federal and state) contracts and with diverse program areas.

The Finance Director will have the following experience and attributes:

  • A minimum of a BS in Finance, Accounting, Business, or related field; CPA or MBA would be a plus.
  • At least five years of experience in public accounting or equivalent, preferably in a complex organization that has multiple business lines and a track record of escalating knowledge of investment mechanisms.
  • Experience in a senior financial‐management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.
  • Significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting.
  • Proficient in Microsoft Office, accounting and loan management software programs, network administration, e-mail and internet, and willingness to expand skill base.
  • Use of collaborative and facilitative approach and the flexibility to work with broad range of cultures, personalities, and work styles.
  • Ability to demonstrate the greatest level of flexibility in an environment with frequently changing priorities required to meet the needs of WEDI’s internal and external customers.
  • Excellent written and oral communication skills
  • Demonstrated leadership ability, team management, and interpersonal skills.
  • Excellent analytical and abstract reasoning skills, plus excellent organization skills.
  • Commitment to community development, helping low-income communities, and a strong work ethic.

Compensation:

Salary will be commensurate with education and experience. WEDI includes health insurance with a full-time position.

How to Apply:

Please send a resume, cover letter, and salary requirements to ben@wedibuffalo.org.

Loan Officer/ Senior Loan Officer CSH
New York, NY
Job Function: Lending/Loan Operations
Posted: September 25, 2017

Background:

ORGANIZATION: For over 25 years, CSH has been a game-changer for the most vulnerable people in our country: 
  • Helping communities create 200,000 homes for individuals and families who did not have one;
  • Bringing hope to thousands who thought they would live on the streets or reside in institutions forever;
  • Ensuring not only a stable home for each but access to the services that brought healthcare, recovery and training to their doorsteps;
  • Changing the trajectory of lives away from poverty and despair and toward independence and economic sufficiency.

Position Summary:

POSITION: If you have a burning desire to make a difference for people and families others have given up on and often say cannot be helped, we have a place for you. No cynics allowed. Not only has CSH proven supportive housing works and does change the lives of individuals facing acute disabilities, complex medical and mental conditions, substance use disorders and economic barriers, we have done so while creating a family of nationally-recognized experts who stay committed to our organization and mission throughout their careers. CSH offers empowerment, development and growth to those we serve and our workforce. We attract talented professionals, offer competitive salaries with benefits, generous family leave and PTO, and fully embrace the philosophy that a sustainable work-life balance is desirable and achievable. With the aim of attracting good people who possess the confidence and drive to get the job done to build a better world, CSH is now accepting applications for a Loan Officer/Senior Loan Officer based in New York.

Responsibilities:

As a valued member of our team, the successful applicant will originate loans for quality supportive housing developments and provide assistance to government partners in shaping financing and development policies and programs to create stronger systems that support and expedite the production of supportive housing.

  • Provide technical assistance to nonprofit, for-profit and public organizations around the financing, creation and operation of supportive housing.
  • Originate loans based on thorough review and analysis, comprehensive due diligence and sound risk assessment.
  • Analyze project feasibility and the capacity of development teams and propose loan structures that meet borrower needs while advancing CSH’s strategic priorities and credit policies.
  • Prepare and present loan recommendations to credit committees.
  • Cultivate strong relationships with industry partners and developers including public and private agencies, funders, financial institutions and external partners.
  • Market CSH’s loan products and expertise resulting in a robust lending pipeline which you will help monitor and manage.
  • Partner with CSH New York and Eastern Region staff to identify lending opportunities resulting from programmatic activities.
  • Contribute to the Region’s systems change efforts including commenting on local and state financing regulations and programs and facilitating conversations between the development and public financing community. 
  • Actively seek and garner feedback from developers on supportive housing development policies and financing programs and use this feedback to inform and improve lending products and policies that support innovation while meeting developer needs. 
  • Advance CSH’s strategic priorities through your Loan Officer role, including building the supportive housing industry by leading trainings and workshops, representing CSH at conferences and events and working closely with colleagues on special projects, innovative ideas and programs that advance the creation of supportive housing in New York and the Eastern Region. 

Requirements:

The qualities we are looking for include an adaptive, entrepreneurial problem solving approach. Candidates should be driven by strategic thinking executed with creativity and flexibility. It is important to welcome and pursue new ideas and visions for supportive housing and the role it plays in solving complex problems.

  • Bachelor degree required. Master’s level education preferred. Experience may substitute for education.
  • Minimum 5 years’ experience in low income or supportive housing development, underwriting or funding field.
  • Extensive knowledge of the Low Income Housing Tax Credit Program and familiarity with state and other federally funded affordable housing programs.
  • Familiarity with the entitlement process, zoning and planning and challenges for low- income or supportive housing developers.
  • Familiarity or interest in issues related to supportive housing including homelessness, low income housing development, finance, state and local housing finance policies, service needs, community development and planning, mental illness, AIDS, harm reduction or public housing.
  • Strong analytical, interpersonal, facilitation, communication and presentation skills.
  • Demonstrated skills using Microsoft Office Suites. Experience with loan servicing or CRM programs a plus.
  • Demonstrated success building quality teams, trusted relationships and setting and managing performance and mentoring and coaching development partners in the areas of real estate development and housing finance issues.

Compensation:

Commensurate with Experience

How to Apply:

CSH staff are mission driven, we take initiative, pursue goals with minimal supervision and are adept at managing multiple assignments effectively.

Interested in joining our team as a leader in the national supportive housing movement? 
To Apply:  Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover Letter and Salary Expectations as one Microsoft Word or PDF document.

https://csh.csod.com/ats/careersite/jobdetails.aspx?site=1&c=csh&id=48&source=3

CSH is proud that it always has been and always will be an Equal Opportunity Employer.

Controller California Institute of Arts & Technology
San Diego, CA
Job Function: Accounting
Posted: September 25, 2017

Background:

California Institute of Arts & Technology

Position Summary:

Reports to: President/CEO
Status: Exempt
Employment Type: Full-time

Summary

  • Manage the accounting department providing information, primarily financial in nature, about all company activities that will assist management and other users in making educated economic decisions about the company's future.

 

Responsibilities:

Responsibilities

  • Oversee the activities of the corporate accounting department for the accurate and timely dissemination of financial management reports including, but not limited to, internal and external monthly financial statements and annual audits and annual budgets.
  • Oversee the activities of the disbursement department, ensuring the accurate and timely processing of accounts payable, purchase orders, petty cash, core employee expense reports, cash control, core payroll processing, general ledger and total corporate payroll tax compliance.
  • Oversee the activities of the accounts receivable department to ensure the accurate and timely management of all accounts receivable aging components including billings, cash receipts application, etc; funding service management, which includes weekly funding reports and customer service; quarter and year-end payroll closing including federal and state reports; and check statistic management.
  • Oversees payroll function for Company and ensures all payroll tax matters are handled in a timely manner.
  • Manages year-end or any other required audit process, reviewing and drafting financials, and maintaining the companys relationship with external auditors.
  • Monitor debt levels and compliance with debt covenants.
  • Establishes procedures for reviewing and approving budgeted expenditure justifications and approvals.
  • Administers and maintains all corporate financial records including books of original entry, supporting schedules and subsidiary ledgers.
  • Assure corporate income tax compliance to assure the accurate and timely completion of all corporate income tax returns taking full advantage of all favorable tax codes.
  • Establish and maintain systems and controls that verify the integrity of all systems, processes and data, and enhance the company's value.
  • Respond to CEO as assigned with accurate and timely work to facilitate his financial needs.
  • Participate in a wide variety of special projects and compile a variety of special reports.
  • Communicate with co-workers, management, clients and others in a courteous and professional manner.
  • Conform with and abide by all regulations, policies, work procedures and instructions.

 

  • Bachelor's degree in accounting or finance CPA certification
  • At least 7 years of hands-on accounting managerial experience
  • Advanced proficiency with accounting software, Quickbooks and Paylocity a plus
  • Detail oriented, outstanding research and analytical skills. Problem solve rapidly and effectively
  • Work independently with minimal supervision Process tasks in a timely manner
  • Capability to handle confidential and sensitive information, following confidentiality guidelines
  • Ability to communicate effectively and professionally with other team members Ability to work in a fast-paced environment
  • Ability to multi task Excellent organizational, writing and presentation skills Team player with a positive, can-do attitude
  • Advanced skills in the use of standard Microsoft Office software products, including Outlook, Word, PowerPoint and Excel required.
  • Strong organizational skills with the proven ability to prioritize Strong communication skills, both verbal and written Works with a sense of urgency, while engaging and listening to experts Exhibits a high degree of flexibility in adapting to a rapidly changing environment
  • Position Type and Expected Hours of Work This is a full-time position.
  • Days and hours of work are Monday through Friday. Occasional weekend and evening hours may be required.

Requirements:

Physical Demands

  • These physical demands are representative of the physical requirements necessary for an employee to successfully perform the essential functions of the job. Reasonable accommodation can be made to enable people with disabilities to perform the described essential functions.
  • While performing the duties of this job, the employee is regularly required to talk or hear. The employee must frequently lift and move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
  • Vision abilities required by this job include close vision.
  • Sedentary work. Essential functions of this role require sitting for extended periods of time.
  • Ability to type, use a computer to search for information and input information while speaking on the phone is required.
  • The employee will frequently be required to use the computer, mouse and telephone to conduct the regular tasks of this role.
  • The employee will be required to compute simple to simple mathematical calculations as a normal part of this role.
  • Work Environment
  • While performing the responsibilities of the job, these work environment characteristics are representative of the environment the job holder will encounter. Reasonable accommodations may be made to enable people with disabilities to perform the essential functions of the job.
  • This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
  • AAP/EEO Statement
  • California Institute of Arts & Technology provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, California Institute of Arts & Technology complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and
  • California Institute of Arts & Technology expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of California Institute of Arts & Technologys employees to perform their job duties may result in discipline up to and including discharge.
    Other Duties
  • Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time, with or without notice.

Apply Here: http://www.Click2Apply.net/yw5cbh78my6y6kys

PI99501883

Compensation:

-

How to Apply:

Apply Here

President & Chief Executive Officer (CEO) Low Income Investment Fund (LIIF)
San Francisco, CA
Job Function: Other
Posted: September 20, 2017

Background:

The Low Income Investment Fund (LIIF) is one of the premier community development financial institutions (CDFIs) in the nation. Its mission is to alleviate poverty and provide pathways of opportunity for low income families and communities. To achieve this, LIIF provides innovative capital solutions and thought leadership expertise to ensure that everyone has a chance to succeed in life and every community can be vibrant, healthy and self-sufficient.

To date, LIIF has invested over $2 billion in thousands of low income communities across the country, which has leveraged $10 billion in additional capital, lifting local economies and creating opportunities for America's most vulnerable citizens. These investments have improved the lives of over 2 million people and created $56 billion in social benefits by improving health outcomes, boosting household savings and increasing graduation rates. LIIF's investments have created affordable homes, great schools and good jobs, as well as giving families access to quality child care, health care and other essential services.

LIIF is a dynamic, high-performing nonprofit organization that sits at the center of social change and finance. From this unique vantage point, LIIF has the scale, commitment and expertise to bring a wide array of public, private and community stakeholders together to solve our nation's most pressing challenges. Over the last 20 years, LIIF has grown its capital base from $35 million to over $1 billion. LIIF currently invests in 30 states across the country, and deploys approximately $250 million in grants and loans to high-impact organizations annually.

The organization is on the leading edge of the national conversation to change the way America invests in the places people live, work and play. Its programs are forward-looking and have led to key innovations in the community development field, including:

  • Publishing Investing in What Works for American's Communities, a book that led to a paradigm shift in community development, and which laid out a holistic, outcomes-driven vision for the field that focused on integrating people and place-based investments. Included a chapter jointly authored by HHS Secretary Sibelius, HUD Secretary Donovan and Education Secretary Duncan. One million social media hits; 55,000 copies distributed.
  • Launching the $90 million Strong, Prosperous, And Resilient Communities Challenge (SPARCC) initiative with Enterprise Community Partners, the Natural Resources Defense Council and the Federal Reserve Bank of San Francisco to spur collaborative, community-driven approaches
  • Providing national policy leadership particularly around community finance and affordable housing issues, including in the creation of the Capital Magnet Fund and its passage into law within the 2008 Housing and Economic Recovery Act; additionally, supporting local and state policy innovations, like informing the inclusion of affordable housing and transit-oriented development in California's cap-and-trade legislation
  • Developing the Social Impact Calculator, a first-of-its-kind tool to monetize the social impact of LIIF's community investments
  • Creating Equity with a Twist, a social impact investment that supports integrative, outcomes-driven solutions to poverty
  • Launching a Social Justice and Equity initiative within LIIF

LIIF is a financially strong, high-impact organization that is well-positioned to transform the systems, policies and practices that inform how our country invests in its people and communities. It currently has more than 70 employees in four cities, including its headquarters San Francisco and local offices in Los Angeles, New York and Washington, D.C.

Position Summary:

The President & Chief Executive Officer (CEO) of LIIF leads and directs the organization to maximize its effectiveness in providing capital invested in community-building initiatives.

Responsibilities:

The President & Chief Executive Officer (CEO) of LIIF leads and directs the organization to maximize its effectiveness in providing capital invested in community-building initiatives.

Primary duties and responsibilities include:

  • Leadership— The CEO must be an equally adept financial expert, influencer, fundraiser and people leader.
    • A skilled communicator, the CEO will be equally comfortable inspiring the LIIF staff to achieve their shared vision and the community of investors to join in supporting LIIF.
    • The CEO will understand and appreciate the geographic diversity and differences in capital needs and opportunities inherent in a national financial institution.
    • The CEO will have responsibility to recruit, build, and direct effective teams of professionals to advance the mission of LIIF, namely: 72 employee staff, 4 executives reporting to CEO (General Counsel; EVP, Strategic Development & Corp Affairs; EVP, Community Investments; EVP, Chief Financial Officer & Chief Administrative Officer).
  • Vision & Strategy — The CEO must be a champion for the organization's mission and holder of the organization's vision for improving the lives of low income Americans. Must be able to chart an innovative, ambitious strategic plan for the organization to advance its goals.
  • Financial and Risk Oversight —Responsible for maintaining the financial well-being of the organization, and ensuring strong enterprise risk management practices. Prudently manages organization's resources to achieve priorities. Oversight and management of:
    • $1 billion in capital under management ($400 million balance sheet)
    • Annual budget of $20-$30 million
    • Annual deployment of $200-250 million in 30 states
    • Regional offices in SF, LA, NY and D.C., with a satellite office in Cleveland
  • Fundraising and Communications – The CEO will build relationships with investors, funders and stakeholders to secure financial support for LIIF's core operations and programmatic expansion. Represent LIIF in public and private venues' or to lift the profile of the company and build the brand – involving a tremendous amount of public speaking, meeting with foundation and investment firm leaders and public officials.
  • Governance—With the officers, leads, enables and supports the Board of Directors in its governance responsibilities.

Requirements:

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

The ideal candidate will have at least ten years of experience as a CEO or in a very senior leadership position in a financial services or financially oriented organization or another highly complex organization with complex financial accountability. The CEO will bring extensive experience and demonstrated success across multiple dimensions including: leadership, credit, housing, real estate, political and governmental affairs, in addition to a fundamental understanding of financial and personnel management.

The CEO will additionally have demonstrated decisive management abilities, have exceptional oral and written communication skills, will be well-organized, and possess strong business ethics.

The successful candidate will also have a demonstrated commitment to working with underserved communities and to inclusion and diversity in staffing, investments and operations.

Other important areas of focus will be:

  • Seamless leadership transition to ensure continued service to customers, partners, investors and sound fiscal management. Must be a collaborative leader who is inclusive of diverse viewpoints throughout their decision-making process.
  • Innovation across products, services, projects and partners.
  • Creatively tapping into greater streams of capital both private (impact investors, social enterprise, family offices, etc.) and public to better execute LIIF's mission.
  • Development of sound relationships with key constituencies including the board, LIIF's regulators, and key federal, state and local stakeholders.
  • Successful management of LIIF staff, ensuring a positive working environment and cohesiveness around fiscal soundness (including credit and risk), operational goals and objectives, diversity and inclusion.
  • Effective representation of the LIIF before all key government bodies, the media, and the public on priority issues.

EDUCATION

A bachelors is required. An M.B.A. or related advanced degree is highly desired, documented professional experience may substitute.

Compensation:

Compensation will be competitive and commensurate with experience.

How to Apply:

Candidates can submit their cover letter and resume to LIIFCEO@kornferry.com.

Vice President, Credit and Lending The Travillian Group
Chicago, IL
Job Function: Credit
Posted: September 19, 2017

Background:

The Travillian Group is a recruitment firm specializing in Financial and Executive searches in the CDFI, CDE, and Community/Commercial Banking space.
 
Hiring Firm: Our client is a well-established non-profit investment fund that connects mission-oriented financial institutions, investors, governmental and regulatory agencies, and service providers in the common interest of growing the industry and serving underbanked communities.

Position Summary:

Opportunity: The fund is looking to add a Vice President, reporting directly to the CEO, to join its growing fund management team and build on its lending and investing efforts. The chosen VP will be responsible for deploying Tax Credit allocations in real estate and small business transactions. The VP will underwrite and originate low-risk, high-impact commercial loans that may use NMTC or other government programs in participation with network partners.

 

Responsibilities:

  1. Deploy NMTC allocations in real estate and small business transactions.
  2. Underwrite and originate a pipeline of low-risk, high-impact commercial loans. These may use NMTC or other government programs (for example, guaranteed by Small Business Administration, Bureau of Indian Affairs, US Department of Agriculture) and/or in participation with network partners.
  3. Prepare credit memoranda, close and asset manage from inception to exit. 
  4. If appropriate, assist in underwriting of equity and subordinated debt investments into financial institutions that may come from time to time.
  5. Along with other members of the team, assist in raising private capital, write grant applications for NMTC, Financial Assistance program or other grant programs, as needed. 

Requirements:

Qualifications: The paramount skill for this role is a passion for community and economic development to catalyzing change in underserved communities. At least 10 years of experience in lending, credit risk management and/or investment banking is preferred. Experience in a bank or a non-bank CDFI will be a strong positive as is strong credit, underwriting and portfolio management skills. Knowledge of and experience with New Market Tax Credit structures, public finance will also be a positive. Must be possess great communication abilities, sales skills, and have a knack for strategic thinking around the future of community development in this changing financial landscape.

Compensation:

Commensurate with experience

How to Apply:

If interested, please send a resume and cover letter to Brian Love at The Travillian Group:
Email: blove@travilliangroup.com
Phone: 610-994-1786

Community Investment Compliance Manager Federal Home Loan Bank SF
San Francisco, CA
Job Function: Financial Services
Posted: September 19, 2017

Background:

The Federal Home Loan Bank of San Francisco is a cooperative, wholesale bank that helps meet community credit needs by providing readily available, competitively priced credit products and services to member financial institutions through all phases of the economic cycle. Our members include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada.

For most financial institutions, especially small community lenders, direct borrowing from the global capital markets is not an option. As part of a network of 11 regional Federal Home Loan Banks across the country, we are able to raise funds in the global capital markets at favorable rates and terms. This allows us to provide our members with prompt, reliable access to low-cost loans (we call them “advances”) and financial risk management tools that help them meet the housing finance and economic development needs of the regions they serve.

Members use our products and services to help them lower their funding costs, reduce interest rate risk, manage liquidity, offer a wider range of credit products to their customers, and access lower-cost funding for affordable housing and economic development.

The credit we make available enables community lenders to make home mortgage, commercial real estate, small business, and other loans. Working with our members, community nonprofits, and cities and towns across our region, we also support affordable housing and economic development through targeted grant and loan programs. As part of this effort, we set aside 10% of our income each year to fund Affordable Housing Program grants for lower-income households.

Position Summary:

Manages a team of employees who monitor Affordable Housing Program (AHP) funded projects and ensure compliance with regulatory requirements and Bank policies. Recommends and implements corrective action in resolving noncompliance. Initiates and implements policy and procedural changes as they relate to the current AHP regulations and future amendments. 

Responsibilities:

Manages the review process for confirming that all AHP projects have met their application commitments. Includes analysis of project feasibility, need for subsidy, tenant income qualification, and other applicable project scoring commitments. Includes acting as a final decision maker in all initial AHP project reviews and on periodic long-term income-qualification reviews for select projects.

Manages the employment, promotion, employee performance evaluation, training, motivation, counseling, and discipline of assigned team members. 

Manages the resolution of non-standard compliance matters in collaboration with Community Investment Department (CID) managers. Includes negotiation with project sponsors and member financial institutions when repayment of AHP subsidy is required. 

Produces accurate monthly reports on noncompliant projects and other departmental issues. 

Develops and implements risk management strategies and controls related to AHP compliance. 

Prepares and reviews materials for presentation to the Affordable Housing Advisory Council and the Affordable Housing Committee of the Board of Directors.

Provides key support during Federal Housing Finance Administration (FHFA) examinations by responding to FHFA questions, drafting responses, and other assigned tasks.

Scores, evaluates, and determines eligibility, financial feasibility and need for subsidy of AHP applications submitted in the competitive round.

Provides technical assistance to member financial institutions and project sponsors, and engages in outreach activities by representing the Bank at meetings, public speaking engagements, and community-sponsored events. 

Performs ad hoc affordable housing research and other tasks as requested by management.

As needed, manages the process of developing or modifying policies and procedures to keep up with the evolution of the affordable housing industry and complementary housing programs. Begins with internal consensus building, leads to possible Implementation Plan changes or requests for regulatory interpretation, and concludes in communication of changes to outside parties.

Participates in the establishment of department goals and implementing procedures and performance standards to achieve these goals.

Works collaboratively with the CID team to ensure all programs are effective and efficient

Requirements:

Bachelor’s degree in Business Administration, Economics, Political Science, Public Policy, Urban Planning, Community Development, a related field or equivalent education required. 

Five to Seven years experience in affordable housing asset management or development within a financial institution or affordable housing developer with two year in supervisory or lead role, or equivalent work experience. 

Preferred knowledge of Affordable Housing Program (AHP) and monitoring requirements and the Low Income Housing Tax Credit (LIHTC) program. 

Must have an ability to analyze development budgets, operating pro formas, financial statements, cost certifications; familiarity with loan documents, subordination, soft loans, affordability retention and recapture mechanisms. 

Excellent communication skills both oral and written with strong analytical and problem solving skills.

Demonstrated proficiency using Microsoft Excel and Word required.

Must be detail-oriented and able to analyze, apply, interpret and communicate policies, procedures and regulations effectively. 

Able to take initiative in fast-paced work environment and able to interface with all functions at all levels both within and outside of the organization. 

Compensation:

Competitive compensation commiserate with experience.

The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve.  It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.

How to Apply:

To apply, please visit our website: http://www.fhlbsf.com/about/work-with-us/careers/job-search.aspx

Senior Lender, Affordable Housing IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: September 15, 2017

Background:

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

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Position Summary:

The Senior Lender, Affordable Housing position is responsible for underwriting loans and assisting with the closing, disbursement, and ongoing monitoring of approved loans. The Senior Lender, Affordable Housing will structure debt for affordable rental housing in the Midwest, across IFF’s geographic footprint. IFF provides predevelopment, acquisition, construction, and permanent financing for projects financed with a variety of public and private sources, including Low-Income Housing Tax Credits. The position will be expected to meet loan production goals while satisfying IFF loan policy guidelines. The position reports to the Director of Lending, Affordable Housing.

Responsibilities:

Job Duties and Responsibilities: 

  1. Loan Underwriting and Analysis
    • Evaluates affordable housing loan requests from nonprofit organizations or nonprofit/for-profit joint ventures located throughout IFF region.  Assesses agency's and project’s financial condition and financial projections; site analysis and building plans; development team; market studies; appraisals; property management; financing package including government support; potential risks; and other relevant data to support a recommendation of whether to make the loan.  Follows up as necessary with the agency and others to obtain additional information. Presents loan recommendations to the internal credit committee and Loan Approval Task Force and answers questions as necessary. 
    • Provides limited technical assistance on financing and financial systems to improve the capacity of the loan applicant and borrower.  
    • Works with legal counsel, IFF Closing and Escrow Unit, borrowing agency, and others as necessary to complete required documentation and close loans.
    • Supports the Loan Program Database through data entry to ensure that accurate and comprehensive information on all aspects of loan program is readily available.   Assists with reports on lending activity, impact, and performance to the Loan Committee, other IFF departments, and funders.  Contributes quantitative and written materials for fund raising applications.
    • Assist Portfolio Management in loan monitoring and communications with borrowers when needed.
  2. Business Development
    • Attend appropriate industry and network events and conferences and represent IFF.
    • Build new and maintain existing relationships with potential and current borrowers.
    • Coordinate other Business Development activities with the Director of Lending, Affordable Housing and the Managing Director of Lending.
  3. Product Development
    • Collaborate with the Director of Lending, Affordable Housing and Managing Director of Lending and other staff in designing /upgrading loan underwriting, servicing and portfolio management policies related to housing loan portfolio.
  4. Staff and coordinate special IFF initiatives involving housing finance. Attend meetings with government departments, financial institutions, housing advocates, and funders to design affordable housing lending products or other financing programs to increase affordable housing or enhance community development efforts.
  5. Perform other duties as assigned.

Performance Measures: 

  1. Achievement of lending and program goals.
  2. Long term performance and quality of closed loans.
  3. Complete, accurate, timely, and thoughtful analysis for full understanding of underwriting and lending issues on all loan applications.
  4. High level of customer satisfaction with IFF products and services.
  5. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications.
  6. Solutions to identified issues and challenges relating to loan program implementation.
  7. Successful completion of assigned special projects.

Requirements:

Education:  Bachelor’s degree required.

Previous Experience:  Minimum of three years of experience specifically in affordable housing lending or development.  Strong knowledge of complex affordable housing financing structures, including LIHTC program rules, and familiarity with Federal and local financing sources such as HOME, CDBG, TIF, and Federal Home Loan Bank AHP.  

Special Knowledge & Skills:

  1. Strong communication skills demonstrating attention to detail and professional writing style.
  2. Strong organizational skills including ability to follow through independently.
  3. Capacity to prioritize multiple tasks to meet customer deadlines while ensuring credit integrity.
  4. Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization.

Unusual Requirements: Moderate travel throughout the assigned region; able to inspect active construction sites; occasional evening and weekend work.

Compensation:

Dependent upon experience

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with “Senior Lender, Affordable Housing” in the subject line.

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

Director of Lending – Illinois and Northwest Indiana IFF
Chicago, IL
Job Function: Financial Services
Posted: September 15, 2017

Background:

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

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Position Summary:

The Director of Lending provides leadership and management of all regional lending activities. The significant focus of the Director will be the Chicago metropolitan area, but the region also includes Central Illinois and Northwest Indiana.  The Director will provide input for and execute regional business development and sales activities derived from IFF’s regional marketing strategy. He/she is responsible for setting regional lending goals, sourcing, underwriting and closing loans to target market borrowers and monitoring and maintaining relationships with key borrowers. The Director assists the Managing Director of Lending to develop and maintain visibility and relationships with nonprofits and relevant government, association networks, and others to promote IFF. The Director will also work with the Executive Director – Chicago to implement sales and network activities.  He/she reports on office impact.

Responsibilities:

  1. Primary borrower relationship manager for regional lending activities. Provides leadership and management of the loan process to set and meet lending goals, including loan origination and sales, underwriting, analysis, preparation of recommendations to Internal Credit Committee and Loan Task Force, facilitating with the Closing and Portfolio Management team loan closings and loan monitoring.
    • Screens projects for alignment with IFF and department goals. Evaluates loan requests including assessment of agency's management, financial condition and financial projections, project and operating plans, potential risks and other relevant data to support a recommendation of whether to make the loan.  Follows up as necessary with the agency and others to obtain additional information. 
    • Coordinating as necessary with the Loan Program Manager, underwrites, structures, packages and presents loan recommendations for approval to loan committees. Documents terms and conditions and issues commitment letter.
    • Establishes closing requirements and works with IFF Closing and Portfolio Management team, borrowing agency, and others as necessary to complete required documentation and close loans.
    • Identifies opportunities and fields inquiries for charter school, housing and other specialized loan programs or products and facilitates the handoff to the appropriate IFF loan staff.
    • Provides oversight for other loan staff including support on complex transactions.
    • Works with the Closing and Portfolio Management team to support post-close monitoring including customer check-ins or site visits as required. Coordinates customer relationship management with Closing and Portfolio Management and supports effective relationship communications. Identifies potential problems and supports Closing and Portfolio Management work with borrowing agency to minimize late payments.   As needed, works with Closing and Portfolio Management to negotiate and follow up on restructures or workouts.
    • In coordination with the Managing Director of Lending, develops and administers the regional lending budget, and reports regional, business development and lending activities to the Chicago office. Works with the Senior Vice President of Capital Solutions and the Managing Director of Lending to develop regional lending goals. 
    • Maintains accurate and complete records on regional borrowers and prospects in CRM to ensure that information on all aspects of the loan program is readily available.   As required, provides information on lending activity, impact, and performance.
    • Provides recommendations on new and improved lending programs, policies and procedures; marketing materials; application forms; tracking procedures; and general communications; in particular guidance leading to the success of the loan program.
  2. Leads loan business development efforts in region to build and maintain a strong loan pipeline. Works with Corporate Communications and Public Affairs department (CCPA), as well as with the Executive Director – Chicago, to develop a marketing plan and implement appropriate marketing, business development and sales activities consistent with the plan.
    • Follows up in a timely manner with inquiries provided through telephone calls or meetings.
    • Develops and pursues business leads from existing network of customers, contact with agencies and market influencers, community leaders and funders and follows up with generated leads.
    • Conducts presentations or Business Targeted Workshops for regional clients as arranged and scheduled with CCPA.
  3. Coordinates with other IFF departments to support overall IFF goals, programs and visibility. Works with staff to support and coordinate implementation of special IFF initiatives or research in the region.
  4. Maintains required job knowledge and skills and core professional competencies. Attend and participate in required educational programs and staff meetings.
  5. Performs other duties as assigned.

Performance Measures: 

  1. Achievement of department lending and program goals in region.  
  2. High level of customer satisfaction with IFF products and services.
  3. Leadership in maintaining IFF’s role as a full partner to the nonprofit sector.
  4. Complete, accurate, timely, and thoughtful analysis for full understanding of    underwriting and lending issues on all loan applications, and portfolio and risk assessment reports.
  5. Identifies and recommends solutions to issues and problems relating to loan program implementation and role of IFF throughout the region.
  6. Full participation and cooperation with CCPA staff and implementation of CCPA/Loan shared procedures. Increase in regional business development network.
  7. Full participation and cooperation with Community Strategies, Real Estate Services and other IFF divisions to support implementation of RES work, special initiatives or other IFF business objectives.

Requirements:

Education:  MBA or MA strongly preferred, preferably in business, accounting, finance, community development, or urban planning.  A Bachelor’s degree plus five years additional relevant experience may substitute for an advanced degree.

Previous Experience:  Minimum of ten years of experience in banking, commercial mortgage lending, real estate and community development, or nonprofit management required with a track record of growth and increasing responsibility. Experience in marketing financial programs required.  Demonstrated competence in commercial real estate lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures.   Strong knowledge of Midwest region.

Special Knowledge & Skills:

  1. Knowledge of community development principles and real estate finance and development.
  2. Familiarity with construction and lending practices and terminology.
  3. Good interpersonal skills; high level written and oral communication and presentation skills, experience in formal presentations.
  4. Proficient computer software user, including spreadsheets and databases.
  5. Thorough understanding of nonprofit financial statements.
  6. Ability to think creatively about problems
  7. Ability to work in and with all communities in the region.
  8. Ability to represent the interests of IFF and the department at all levels of government and with community and civic leadership.
  9. Network of contacts with nonprofit agencies or leaders a plus.

Unusual Requirements: Regular travel throughout the assigned region.  Occasional evening and weekend work; able to inspect active construction project sites.

Compensation:

Dependent on experience

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with “Director of Lending – Illinois and Northwest Indiana” in the subject line.

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

Senior Director of Credit and Portfolio Management CEI
Brunswick, ME
Job Function: Credit
Posted: September 15, 2017

Background:

Coastal Enterprises, Inc. (CEI) helps to grow good jobs, environmentally sustainable enterprises, and shared prosperity in Maine and in rural regions across the country by integrating financing, business and industry expertise, and policy solutions. CEI envisions a world in which communities are economically and environmentally healthy, enabling all people, especially those with low incomes, to reach their full potential.

To learn more about CEI, please visit our website: www.ceimaine.org.

Position Summary:

Do you have deep expertise in implementing credit strategy, policies and procedures in the commercial banking and/or CDFI industries? Are you seen as a go-to person because of your knowledge, expertise and ability to work on a team? Have you been looking for a way to engage in purposeful, meaningful work while making an impact in your communities?

Then we want to hear from you…

CEI is looking for the right combination of operational and strategic know-how relating to credit administration and analysis, loan portfolio quality and compliance, risk management, and departmental leadership for the position of Senior Director of Credit and Portfolio Management.

Responsibilities:

  1. Portfolio Management – responsible for loan portfolio strategic plan alignment, including mission impact, and the Credit Quality of CEI’s portfolios and managed funds, and compliance with state and federal rules and regulations.
  2. Lending and Portfolio Administration – participates in the development and implementation of the Portfolio Construction strategies to maximize impact while minimizing risk. Participates in the Development and implementation of tools that re-enforce lenders targeted areas of focus around quality jobs, environmentally sustainable enterprises, and shared prosperity.
  3.  Authorities – ensures acceptable credit standards and conformance of loan portfolios to established policies and practices; participates in approval of loans within designated lending authorities; approves minor changes in terms and conditions pre- and post-closing.
  4. Supervisory and cross-collaboration responsibilities – Mentors and directs the work of the Portfolio Manager and Loan Administration Supervisor. Works collaboratively with many staff and departments across the CEI family of companies, as well as working with external auditors and other business partners.

Requirements:

  1. Undergraduate degree in business administration, finance, or related subject or equivalent experience. Master’s degree in finance, economics or similar field a plus.
  2. Minimum seven to ten years of relevant work experience in commercial banking or the CDFI industry.
  3. Strong knowledge of business and capital management; business planning, financial statement analysis, etc.
  4. Demonstrated supervisory experience and ability to motivate and lead teams.
  5. Strong user of technology; MS Office a must. Experience with a CRM and/or Sharepoint a plus.
  6. Excellent judgment and discretion.
  7. Strong interpersonal skills; effectively communicates with staff at all levels of the organization.
  8. Excellent presentation skills; clear, concise and articulate.
  9. Critical thinker- connects the day-to-day work to the bigger, strategic picture.

Compensation:

Compensation discussions are a part of CEI's interview process and therefore not publicly advertised. CEI offers a competitive salary commensurate with the candidate's background and experience. Our position pay ranges are developed with a combination of external market and industry compensation data as well as evaluating internal equity among similarly situated positions within the organization.

How to Apply:

Please submit a cover letter, specifically explaining your interest in working for CEI, as well as a current resume to: 

employment@ceimaine.org

No phone calls, please.

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