Background:
Bridgeway Capital, headquartered in Pittsburgh, Pa., makes western Pennsylvania a thriving region for all by financing economic opportunity and community revitalization. As a nonprofit lender founded in 1990, Bridgeway serves 15 counties and manages $100 million in capital. It is a market-driven, private sector intermediary with a social mission. Learn more at www.bridgewaycapital.org.
Position Summary:
Bridgeway Capital seeks a Program Manager for its Business Accelerator. Candidates must be passionate about helping small businesses plan for and achieve growth. The Program Manager works one-on-one with both aspiring and experienced entrepreneurs and connects them with additional resources, investors, and professional networks. The position manages an annual budget of approximately $100,000.
Candidates must also be able to demonstrate experience with, and a commitment to, working with underserved populations and communities. Bridgeway’s Business Accelerator targets entrepreneurs that have traditionally had difficulty accessing development services and investment. Among last year’s Business Accelerator clients, 60% were low-income individuals, 57% were female, and 71% identified as a racial or ethnic minority.
Responsibilities:
The Program Manager manages all essential elements of the Business Accelerator including its strategic plan, budget, program design and operating structure, and measures of success. Key responsibilities include:
• Working directly with clients to evaluate their business model, plan for growth, and identify resources needed
• Ensuring clients understand and can communicate their financial statements (income statements, balance sheets and cash flow statements)
• Working with clients to develop marketing plans and materials
• Building and managing relationships with program partners who can provide additional value to clients
• Organizing and leading education and networking events
• Collecting, analyzing, and communicating output and outcome data with key stakeholders
• Assisting with grant writing and grant reporting to Business Accelerator funders
Requirements:
• 4-Year Bachelors Degree, Graduate degree preferred
• Demonstrated experience working directly with entrepreneurs to support growth and/or personal entrepreneurship
• Demonstrated experience in program management for a nonprofit or similar venture, including design, operation, and evaluation
• Minimum 2 years of direct supervisory experience
Compensation:
Competitive salary based on experience. Comprehensive benefit package includes health, dental, vision, life and disability insurance, retirement plan and flexible spending accounts.
How to Apply:
Interested candidates should send cover letters and resumes to ProgramManager@bridgewaycapital.org.
Background:
The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments. UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood.
UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over 1.1 billion in private capital, and has funded 100 small businesses.
UMEZ is a recognized Community Development Financial Institution (CDFI) with over $80 million in assets. UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.
Position Summary:
Summary: The Resource Development Specialist is responsible for supporting organizational efforts to strategically seek funding from corporations, banks, government sources, foundations and other philanthropic organizations to further UMEZ’s mission. In collaboration with Senior Management, this role will work with cross-functional teams to provide strategic insight, and specifically manage, execute, and write proposals which includes progress reporting and data base tracking.
Responsibilities:
Essential Duties and Responsibilities: Include the following and other duties may be assigned:
• Assist in developing and identifying new funding opportunities with corporations, foundations, banks and government sources by providing recommendations and briefings to the CEO
• Under the direction of the CEO, prepare letters of interest and grant proposals for funding opportunities
• Prepare funding reports, prospect research, tracking, and collecting necessary data for reporting purposes to funders; update tracking spreadsheet for funding, including deliverables to ensure timely fulfillment of funding requirements
• Prepare funding requests, overseeing proposal coordination, including research, grant writing and editing funding proposals
• Work with the Senior Management to coordinate information for proposals
• Supports strategic planning and proposal development phases working collaboratively with Senior Management
• Cultivate and maintain relationships with funders such as other funders, corporate, foundations and other philanthropic organizations
Requirements:
• Undergraduate degree in business or a related field
• Experience working with Community Development Financial Institution (CDFI) Industry
• 3-5 years in development experience
• Experience in financial management, Salesforce, capitalization, legal, program management or lending
• Ability to multitask, work independently and interdependently
• Must be able to engage in a tactful manner with colleagues, potential borrowers, and existing borrowers
• Strong interpersonal, written and oral communications skills
• Exceptional attention to detail
• Community residence and/or familiarity with Upper Manhattan community preferred
Compensation:
Will commensurate with experience
How to Apply:
Interested candidates should e-mail or mail a resume and cover letter to:
Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Resource Development Specialist
No Phone Calls or Faxes Please
Background:
The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments. UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood.
UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over 1.1 billion in private capital, and has funded 100 small businesses.
UMEZ is a recognized Community Development Financial Institution (CDFI) with over $80 million in assets. UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.
Position Summary:
Summary: The Senior Underwriter will serve as the primary underwriter for loan transactions, loan structuring, and will work in conjunction with the Business Investments team in determining credit risk, financial analysis and investments. This role will provide feedback and technical assistance across full range of lending activities, including structuring, underwriting and closing of Commercial & Industrial (C&I) and/ or Commercial Real Estate Loans.
Responsibilities:
Essential Duties and Responsibilities: Include the following and other duties may be assigned:
• Serve as primary underwriter for C&I and/or Commercial Real Estate loan transactions which includes working with Business Investments team to structure transactions, conducting due diligence, financial analysis and drafting credit memoranda
• Work with borrowers, analyze, and evaluate applications for credit and ascertain all necessary due diligence and documentation
• Perform full credit analysis and projection scenarios for proposed loan fund clients
• Structure loan terms and assist in the closing process for approved loans by working with the Legal Department and borrowers on necessary documentation
• Prepare written analysis of loan applicants and present written and oral recommendations to the Loan Committee
• Work with the Business Investments team in strategizing and designing new loan products and lending programs
• Provide technical assistance to Business Investment team; perform primary underwriting in the form of structuring assistance, support, and guidance concerning the compliance of underwriting criteria
Requirements:
• Undergraduate degree in business or a related field; MBA preferred
• Strong knowledge and experience with C&I and/or Commercial Real Estate loan transactions, loan structuring and underwriting with the ability to analyze financial statements
• 7-10 years in credit analysis and underwriting
• Ability to multitask, work independently and interdependently
• Must be able to engage in a tactful manner with colleagues, potential borrowers, and existing borrowers
• Strong interpersonal, written and oral communications skills and excellent attention to detail
• Community residence and/or familiarity with Upper Manhattan community preferred
• Bi-Lingual, English and Spanish, a plus but not necessary
Compensation:
Will commensurate with experience
How to Apply:
Interested candidates should e-mail or mail a resume and cover letter to:
Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Senior Underwriter
No Phone Calls or Faxes Please
Background:
Established in 1992, First State Community Loan Fund (FSCLF) is a not-for-profit, federally certified, Community Development Financial Institution (CDFI) that supports small businesses and community development projects with a special emphasis on underserved and low-income communities. FSCLF’s mission is to educate and empower business owners and to increase access to capital throughout Delaware and southeastern Pennsylvania. To learn more about FSCLF, visit: www.firststateloan.org.
Position Summary:
Responsible for managing and maintaining FSCLF’s loan portfolio records and systems, as well as providing financial support to the Finance Manager. Works closely with the lending team to ensure all loan closing conditions are met, recorded, and that all loans are appropriately monitored until repaid fully. Works closely with Finance Manager to ensure loan portfolio records match financial accounting records.
This position will also play a critical support role in designing and implementing reporting and technology upgrades to the existing Loan Portfolio System (Portfol), as well as automating loan administration processes and practices. Responsibilities also include assistance with the preparation of investor/funder and regulatory reports. Serves as a departmental resource for the President & CEO, the Director of Lending and the Finance Manager as needed.
Responsibilities:
Responsibilities include but are not limited to:
1. Manage all aspects of Loan Administration, including but not limited to closed loan data entry, processing loan payments and distributions, processing loan modifications, preparing loan payoffs, as well as monitoring compliance of borrower’s reporting and repayments.
2. Manage the on-boarding of new loans, and modifications to existing loans, into the loan portfolio system.
3. Ensure timely submission of inbound reporting from borrowers and outbound reporting to all required internal and external parties.
4. Perform general maintenance on Loan Management Software (Portfol) as needed.
5. Conduct post-loan closing file reviews, ensuring the basic requirements of loan purpose, term, collateral and financial qualifications fit the various federal and state lending program criteria. Work with Director of Lending to ensure documentation for all FSCLF lending programs is compliant with both internal and external requirements.
6. Monitor and ensure borrower compliance with all insurance, collateral, and security documentation requirements.
7. Manage and disseminate all regular portfolio reporting: delinquency reports, borrower risk rating and status reports.
8. Work closely with Finance Manager to reconcile loan portfolio to accounting records.
9. Assist Finance Manager and President & CEO with the preparation of investor/funder reports, including but not limited to the CDFI Fund, Small Business Administration, and USDA.
10. Assist Director of Lending and Lending Team, Finance Manager, and President & CEO on other projects or deliverables, as needed.
Requirements:
1. Required: Bachelor’s Degree or 3-5 years direct related work experience.
2. Required: Solid knowledge of basic accounting practices with an ability to understand financial statements and loan documentation.
3. Preferred: 3-5 years of experience in loan operations and/or financial accounting in lending organizations.
4. Helpful: technology project management experience.
5. Helpful: Experience with Portfol portfolio management system.
6. Helpful: Experience in community development, federal, and/or state lending programs.
7. Required: Superior analytical and organizational skills.
8. Required: Superior written and verbal communication skills.
9. Required: Superior interpersonal skills and ability to work well with diverse constituents.
10. Required: Proficient with MS Office Products/Internet.
11. Required: Ability to work independently or in team environment, as well as the ability to manage multiple tasks effectively and efficiently under minimal supervision.
12. Experience in nonprofit or small office environment a plus.
13. Job involves normal physical requirements for an office position.
14. Minimal travel required (less than 5% of time).
EOE/V/D/AA Compliant.
Compensation:
Competitive salary commensurate with experience. Medical, Dental, Vision, Life & Disability coverage available. Retirement plan (some employer contribution & matching); paid vacation (increased with tenure), holiday and sick leave days.
How to Apply:
Interested parties should submit their resume and a cover letter to: dlee@firststateloan.org. Or mail to:
First State Community Loan Fund
100 West 10th Street, Suite 300
Wilmington, DE 19801
Attn: Office Manager
Background:
Flagstar Bank offers exceptional full-service banking and lending expertise with a distinctive, personal focus. Chartered in 1987 as a federal savings bank, today Flagstar has assets of $19.4 billion, is the fifth largest bank mortgage originator nationally, and the third largest savings bank in the country. Our team’s financial craftsmen possess skill and pride in their work that is reflected in their commitment to creating solutions tailor-fit for each customer.
Access to the proper tools—like our wide range of consumer, business, and commercial products and services—is vital for any specialist’s success. After carefully listening to clients, Flagstar’s craftsmen know exactly which tools will work best to create a custom solution for their needs.
Our commitment extends to the community, where we support efforts which promote homeownership and financial well-being, including special grant programs, down payment assistance, and CRA mortgage programs. Our employees donate their time volunteering in a variety of programs and organizations in the communities we serve.
We operate 160 branches in Michigan, Indiana, California, Wisconsin, and Ohio and provide a full complement of products and services for consumers and businesses. Our commercial banking business is based on relationships and built on trust, relying on talented bankers to custom-craft solutions for customers. Our mortgage division operates nationally through 72 retail locations and a wholesale network of approximately 2,000 third-party mortgage originators. We are also a leading servicer and subservicer of mortgage loans—handling recordkeeping for $200 billion in home loans.
Flagstar Bank is a subsidiary of Flagstar Bancorp, which is listed on the New York Stock Exchange under the symbol FBC.
Position Summary:
Reporting to the Community Reinvestment Act Director, the Sr. Community Development Lender will lead the expansion of the Bank's existing community development loan portfolio, focusing exclusively on eligible activities to meet the bank’s CRA lending objectives. In this role, the Sr. Community Development Lender will serve as the lead in community development lending with a special focus on Low Income Housing Tax Credit financing. Primary responsibilities will consists of assisting the CRA Director in developing and administering the bank’s community development lending strategy. The Sr. Lender will be responsible for new CRA business development (including underwriting and closing the LIHTC, NMTC, and other deals), portfolio management, developing credit parameters, credit quality, assisting with training and development of junior CD lenders and overall relationship management of the bank’s community development portfolio.
This position will also work collaboratively with the CRA, Retail and Residential Mortgage, Consumer, Commercial, Business Banking, Small Business, and Small Business Administration lending areas to guide the development and implementation of a program to generate increased consumer and business loan application volume for low-to-moderate income individuals, households and communities, including majority-minority communities, within the bank’s CRA assessment area. The Sr. Community Development Lender possesses a strong initiative and works well independently to drive innovative and complex balance sheet loans and permanent debt production with a primary focus on the affordable housing industry. He/she will be responsible for marketing and coordinating the delivery of community development/affordable housing financing and various banking products and services to clients and prospects. He/she will originate and evaluate community development focused low income housing and new market tax credit lending investments. He/she will own aspects of originating balance sheet and permanent affordable housing loans in their assigned territory. Other responsibilities include keeping in regular contact with high profile clients and prospects throughout the assigned territory. Ensuring that products and services are delivered in a quality manner and in accordance with the Bank’s goal of a high level of service. Acting as a trusted advisor to both current clients and future relationships.
Responsibilities:
New Business Generation (Relationship Management/Revenue Generation) Develop and expand relationships with not-for-profit entities, affordable housing agencies, developers, local business associations, and government agencies to identify community development lending opportunities within the bank’s assessment areas, and in majority-minority geographies and demographics that help the bank meet its’ CRA Lending goals.
-Lead the development and implementation of the bank’s community development strategy and community development loan portfolio.
-Market, identify and develop CRA customer base - develop focused strategies for acquiring, retaining and growing select clients
-Originate LIHTC, New Markets, CDFI, and loans from non-profits – including underwriting and closing the deals
-Cross-sell other banking solutions such as deposit accounts and other referrals
Credit Quality: On-going maintenance of loan portfolios by pro-actively monitoring credit quality of portfolio through timely financial statement gathering, monitoring client’s compliance with ongoing required reporting, properly analyzing financial information and taking or recommending appropriate corrective actions based on acceptable levels.
-Leads and participates in credit processes and assumes ultimate accountability for all portfolio activities/issues ensuring sound asset quality, including underwriting, structuring and asset management activities.
-Takes proactive role in coordinating and underwriting to multiple funding sources for projects and understands and explains to clients the possibilities and limitations in the context of project funding.
Onboarding: Collaborating with Credit team and outside counsel as needed to prepare credit approval documents and managing onboarding process to ensure transactions are booked appropriately.
Compliance: Adhere to all regulatory and compliance issues linked to the job and the team and understand how these issues help the bank achieve the vision of remaining an independent bank.
Requirements:
-Bachelor’s Degree Required
-12 years combined experience in the following areas: Community development banking/lending and community development underwriting including experience in LIHTC (low income tax credit investments) Commercial lending experience, experience in portfolio management and credit analysis.
-Experience implementing creative selling and innovative problem solving techniques
-Proven experience and broad understanding of LIHTC investments, tax exempt bond financing and other government loan programs for housing development and other non-traditional investment products and programs.
-Demonstrated proficiency in executing a disciplined sales process.
-Strong knowledge of financial markets. Strong verbal and written communication skills
-Knowledge of financial analysis; credit analysis skills.
-Excellent verbal and written communication skills and presentation skills
-Travel Required: 40 to 50% or more time as needed in the community
Compensation:
Based on education and experience.
How to Apply:
Please visit our career page at www.flagstar.com/careers and click on the job "Sr. Community Development Lender"
Background:
We’re in the business of connecting professionals with employment/career opportunities in fields such as accounting and finance, technology, engineering, office administration, marketing, sales and
just about any other position from the front desk to the corner office.
Position Summary:
Seeking Administrative / Accounting Assistant. Successful candidates will exude great pride in their work, welcome challenging assignments, viewing them as opportunities for continued learning and
personal growth, be extremely detail orientated, have excellent communication skills. Must be reliable. It's a flexible position. If you're looking for a challenging, fast-paced and rewarding opportunity and this position sounds interesting, please submit your resume for consideration.
Responsibilities:
• Answer telephone inquiries from customers for pricing information.
• Make payment on my behalf.
• Issue invoices to and collect from customers
• Payroll accounting
• Account receivable and payable.
• Contact vendors to inquire on costs and availability of products.
• Record and pay accounts payable if needed.
Requirements:
• Ability to work under pressure
• Must have detailed knowledge of accounting principles
• Ability and desire to work in a team environment
• Ability to work effectively in a team
• Excellent attention to detail.
• Must have excellent communication skills
• This position requires attention to detail and good follow up skills
Compensation:
$28 hourly
How to Apply:
Email resume to eric.thomp@hotmail.com
Background:
CDFI Friendly Bloomington (CFB), a startup 501.c.3 nonprofit, is seeking a founding Executive Director. CFB aims to:
• Create a new model for CDFI financing, by establishing local CDFI Friendly Bloomington to collaborate with regional and national CDFIs and encourage them to serve the Bloomington market;
• Market and promote Bloomington and Monroe County to CDFIs across the state, the region, and the nation;
• Match CDFIs to local demand for financing from businesses, housing developers, nonprofits, and community organizations;
• Structure and manage financial investments alongside the CDFIs in support of local borrowers.
Position Summary:
The founding Executive Director is the primary staff person to set up the organization, with support from the founding Board of Directors, and to lead it in its work. The ideal candidate will bring credit experience at a CDFI and/or in community development, experience or capacity to manage a startup organization, strong leadership qualities, and the disposition for working closely with a nonprofit board. Familiarity with Bloomington/Monroe County is a plus.
Responsibilities:
The Executive Director will lead CDFI Friendly Bloomington through its start-up phase to full-scale operations. To that end, the Executive Director will assume responsibility in the areas of program development, management, fundraising and public relations. The Executive Director will:
Program
• Represent CDFI Friendly Bloomington in the local community, promoting its goals and services, and with the CDFI industry locally, regionally, and nationally, advocating and advancing local financing opportunities.
• Develop outreach and marketing materials to distribute to potential partners, investors, funders, and allies.
• Coordinate CDFI Friendly Bloomington’s work with investors, funders, the City of Bloomington, and others pursuing aligned goals.
• Participate in CDFI industry activities to understand CDFI priorities, to promote Bloomington and Monroe County, and to seek financial support.
• Negotiate and structure financing using CDFI Friendly Bloomington’s defined products, present financing opportunities to CFB’s Investment Committee and Board, close transactions, and monitor investments and portfolio performance.
• Report regularly to the Board and to investors on programmatic outcomes and performance.
• Develop and propose programmatic adjustments and/or enhancements in pursuit of CDFI Friendly Bloomington’s mission and purpose.
• Provide strategic direction and leadership, including recommending to the Board of Directors possible improvements in the organization’s strategy and program.
Management
• Set up and supervise operating systems, including financial management, operational polices, loan policies, and other core functional procedures.
• Create and implement procedures and documentation to close funding and financing as well as other contractual business relationships for CDFI Friendly Bloomington.
Fundraising
• Develop a fundraising strategy and raise funds, as determined with the Board of Directors, to ensure ongoing operations and organizational sustainability.
• Manage relationships with funders and investors, including seeking and cultivating relationships with new and additional funders and investors, as needed.
• Maintain and track fundraising data
Public Relations
• Conduct organized and effective public relations effort in local and CDFI markets through social media, earned media, and direct communications.
• Ensure clear understanding of and encourage strong support for the goals and mission of CDFI Friendly Bloomington.
Requirements:
This position involves an unusual blend of financial experience, credit expertise, nonprofit management history, and local market awareness. The Executive Director must have strong financial, writing, speaking, public relations, management, leadership, and planning skills. They must be able to work in both the local community with partners that bring diverse backgrounds and skills as well as in the financial marketplace of CDFIs, banks, and foundations. They should be skilled organizers able to bring together people across multiple areas of expertise and diverse cultures.
The Executive Director must have a bachelor’s degree. A master’s degree in business, management, economic or community development, banking, and/or finance is a plus. They must have at least five (5) years of work experience including management, credit, and public-facing duties such as public relations. Strong candidates will demonstrate continuous growth in responsibility in their work and regular pursuit of promising new opportunities.
Compensation:
Benefits package valued from $100,000–$120,000 commensurate with experience
How to Apply:
Please submit your cover letter and resume or CV to
CDFI Friendly Bloomington
c/o Community Foundation of Bloomington and Monroe County
100 S. College Avenue, Suite 240
Bloomington, IN 47401
or
info@cfbmc.org
CDFI Friendly Bloomington is an equal opportunity employer and offersemployment opportunity without regard to race, creed, color, ethnicity, national origin, sex, sexual orientation, sexual expression, age, marital status, physical ability, pregnancy, religion, veteran status or military obligations.
Background:
FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers and first-time homebuyers in the Philadelphia region. FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social and language barriers that growing immigrant and minority populations face. FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and the State of Delaware.
Position Summary:
The Loan Servicer will assist the lending staff in the delivery of first-time home buyer mortgages, entrepreneur and nonprofit economic development loans. In addition, this position will have administrative responsibilities including greeting and receiving visitors and clients.
Responsibilities:
Main responsibilities for administrative duties:
• Must be bilingual in English & Spanish with excellent oral and written skills
• Greet and receive all incoming visitors/clientele and direct to the appropriate staff person.
• Receive all mail & packages, sort and distribute to appropriate party.
• Mail all correspondence as assigned.
• Type reports, proposals, letter, memos, labels and other correspondence.
• Maintain FINANTA’s event calendar.
• Perform other related duties as assigned.
Main Responsibilities for Loan Servicing Duties:
• Assist and prepare loan portfolio reports for Accounting Department.
• Maintain collection process - make sure customers are making timely payments.
• Prepare Loan Documents for Closing and review title search.
• Upon loan closing, create binder for the customer, including respective sections.
• Coordinate with lenders to record documents in the City and State, have proper follow up, and file documents once back from being recorded.
• For clients, draft and mail letters requesting an appointment for site visits, inform clients about missing information for pick up at site visit per closing list.
• Maintain current insurance information on each file to avoid a lapse in coverage.
• Prepare paid-off loan files for archiving.
• Order Title Search/Appraisal/Mortgage pay-offs and follow up on timelines.
• Review loan data and database information to ensure accuracy and integrity. Generate portfolio reports (accounting, employment, escrows, & insurance reports).
• Review and monitor escrow holdback accounts.
• Report any conditions affecting customer satisfaction.
• Review documentation to determine that loans complies with FINANTA’s policies, procedures, and loan approval closing conditions.
Requirements:
Qualifications:
• Must be able to speak and write excellent English & Spanish.
• Minimum two year college degree or minimum two-year loan servicing experience required.
• Strong computer skills - Microsoft Office, automated accounting system and a loan database.
Compensation:
Commensurate with experience
Job Benefits:
• HMO medical, vision, dental
• Short/long term disability coverage
• Life insurance
• 401K employee retirement plan after one year matched by FINANTA up to 4% of total yearly salary
• Paid time off
How to Apply:
Our partner Community First Fund is assisting us (FINANTA) with the hiring process.
Interested candidates should send a cover letter and resume to Cindy Stewart at cstewart@communityfirstfund.org
Background:
We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.
Position Summary:
The Portfolio Manager supports all members of Community Development Group (CDG) meet Charles Schwab Bank’s Community Reinvestment Act (CRA) obligation. CDG supports programs that help meet the lending, investment and service needs of all our communities, including low- and moderate-income (LMI) neighborhoods. We recognize that serving our communities through sound lending and good business practices benefits both the communities and the Banks themselves.
CDG is responsible creating a CRA strategy; and, developing, implementing and coordinating the Bank’s CRA/community development program. The Manager is specifically responsible for portfolio management and reporting, financial and transaction analysis and due diligence, loan and investment management, data reporting, and operations.
Responsibilities:
Portfolio Management & Reporting
•Provide support for post-closing monitoring and management of loans and investments, including monitoring cash flows, invoicing, and processing wire requests.
•Assist Managing Director, Portfolio Management and Business Operations in processing, creating and distributing reports on a quarterly, annual, and, when necessary, interim basis
•Track the macro- and micro-performance of the CDG portfolio by spreading client financial reports, communicating with clients, and critically assessing the clients’ financial performance.
•Track and report on progress made toward Charles Schwab Bank’s CRA goals
Underwriting Support
•Assist Managing Director, Lending and Compliance in performing due diligence, financial analysis and underwriting loan transactions
Operations
•Improve streamlining of operations infrastructure, with a focus on automating operations portfolio management and reporting.
•Proactively streamline operational processes in support of improved CDG collaboration and productivity; the life cycle of loans, investments and grants; and best in class client experience.
•Collaborate to develop strategies to build and connect our team through meaningful communications and activities.
•Identify and implement data analytics resources in support of CDG processes, portfolio risk management, and strategic planning & forecasting.
•Identify, collect and centralize critical social impact and facility, portfolio and industry level data in support of mitigating risk, effective reporting, decision-making, and achieving our CRA goals.
Special Projects
•Support the team, especially Managing Directors and Vice President, on special projects.
•Conduct financial analyses, market and product research to evaluate existing and new products and programs.
•Represent the Bank at local industry and client events.
Requirements:
Minimum five years of experience in finance and/or community development banking, preferably in small business and/or affordable housing
•Minimum four years of experience in portfolio management
•Strong attention to detail, excellent analytical and quantitative talent
•Excellent proficiency in Microsoft Excel, Microsoft PowerPoint and other Office products
•Adept at learning new technology
•Familiarity utilizing Salesforce and Tableau
•Strong written and verbal communication skills
•Strong organizational, project, and time management skills
•Familiarity with GAAP accounting preferred
•Ability to work across organizational boundaries and build strong partnerships with other departments within the Firm and vendors outside the Firm
•Strong interpersonal skills and ability to convey financial messages in easy to understand language
•Ability to self-lead and work with little supervision
•Ability to collaborate with a geographically disbursed team
•Collaborative, innovative and highly accountable mindset
•Bachelor’s degree required; advanced degree such as MBA or Master of Finance, Urban Planning, Public Administration, etc. preferred
Compensation:
DOE
How to Apply:
http://www.schw.jobs/tp/rj6-gI2O5.e-K
Background:
FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers and first-time homebuyers in the Philadelphia region. FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social and language barriers that growing immigrant and minority populations face. FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and the State of Delaware.
Position Summary:
I. JOB SUMMARY
The Loan Officer will support FINANTA's delivery of first-time homebuyer mortgages, consumer, entrepreneur, and nonprofit economic development loans. The Loan Officer will facilitate the lending process from start to finish, including origination, underwriting, closing, and ongoing servicing for both existing and new clients, while also providing loan packaging assistance as needed.
• Originate, underwrite, and close loans
• Meet or exceed unit’s monthly loan goals
• Provide loan packaging assistance to customers
• Refer customers to other units of the organization as needed
Responsibilities:
II. JOB FUNCTIONS
Increase customer base
• Build and maintain a pipeline of potential customers within FINANTA’s target market
Assess and identify prospects
• Perform intake process for potential customers and input information in the organization’s database (TEA)
General Underwriting
• Require loan underwriting information and application fee from borrower
• Seek borrower’s permission to pull credit and get the authorization form executed, if applicable
• Pull and review credit
• Conduct site visit to potential borrower, if applicable
• Analyze information (background, expertise, experience, market conditions, competition, financials, sources & uses of funds, budget, credit, risk & mitigating factors, and community impact when underwriting nonprofit loans).
• If declined, draft a letter of decline within 2 weeks from intake
• Draft credit memo for approval
• Seek approval from Management, Credit Committee and / or Board as required per Corporate Policy
• Ensure availability of funds from Accounting prior to commitment
• Refer to technical assistance department for credit coaching as required
Loan Documentation
• Prepare closing list, submit to, and coordinate closing with Loan Servicing Officer
• Prepare loan documents
• Prepare check request and submit to Accounting
• Provide escrows information to Accounting
• Prepare binders and update TEA database
• Input loan information as per reporting requirements
Post-Closing
• Provide closing information to Loan Servicing Officer
• Coordinate first payment and due date with Accounting
• Seek supporting documentation for use of loan proceeds from each borrower
• Support collection process, including site visits and drafting payment plans as needed
• Support defaults and foreclosures according to Corporate Policy
Other Lending Functions
• Contribute to the development of new lending products and services
• Seek customer referrals
• Attend networking events
• Manage existing portfolio and evaluate eligibility and terms for subsequent loan
• Maintain files in TEA database
• Arrange technical assistance for potential customers as necessary
• Document customer success stories, job retention/creation, revenue, assets, credit score changes, and other metrics as necessary at the beginning and the end of loan term
Requirements:
MUST be fluent in English and Spanish due to organization’s diverse customer base
III. JOB REQUIREMENTS
• Tend to evening and weekend work as needed
• Work with and support staff on all programmatic lending implementation activities
• Participate in staff group meetings and provide input as to the impact of lending work implementation
• Work closely with staff under strict accuracy and transparency
• Report on any and all irregularities or improprieties of staff and customers, including, but not limited to conflict of interest
• Pay extreme attention to detail
• Analyze and prepare reports on data analysis
• Focus on understanding needs presented by individuals; remain open and respectful to others' ideas and viewpoints
• Speak clearly and positively, write clearly and informatively, present numerical data effectively, and interpret information competently
• Know mission and business of the organization, and align work and values accordingly
• Follow policies and procedures, complete tasks correctly and on time, contribute to lending goals and objectives
• Approach all people in a tactful manner, react appropriately under pressure, treat others with respect, and accept responsibility
• Follow instructions, respond to directions, keep commitments, understand, agree and comply with customer confidentiality required by the position, and show flexibility in working schedule to meet organization and customer priorities
IV. QUALIFICATIONS/SKILLS/ATTRIBUTES
• An Associate’s or Bachelor’s degree in related field
• At least one (1) year or more experience in mission driven lending
• Excellent writing and verbal communication skills
• High proficiency in Excel and other Microsoft Office software
• MUST be fluent in English and Spanish due to organization’s diverse customer base
Compensation:
Salary commensurate with experience
V. Job Benefits:
• HMO medical, vision, dental
• Short/long term disability coverage
• Life insurance
• 401K employee retirement plan after one year matched by FINANTA up to 4% of total yearly salary
• Paid time off
How to Apply:
Our partner Community First Fund is assisting us (FINANTA) with the hiring process.
Interested candidates should send a cover letter and resume to Cindy Stewart at cstewart@communityfirstfund.org
