Industry Job Bank

  • Make an impact and join the opportunity finance field.

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

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

To submit a job listing, please use our online form. To edit or remove a posting please contact info@ofn.org.

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

: Marketing, Training and Business Development Specialist Community Fund of North Miami Dade
Opa-Locka , Miami , FL
Job Function: Business Development
Posted: June 27, 2017

Background:

The Community Fund of North Miami Dade, Inc. (CFNMD), a Community Development Financial Institution (CDFI) certified through the U.S. Department of Treasury since 2003 that serves as an affiliate of Opa-Locka Community Development Corporation (OLCDC.org).   

Since its inception, CFNMD has utilized resources derived from the public and private sectors to assist directly and indirectly distressed and low wealth communities. This has been accomplished through a program of lending and investing in small businesses, real estate development projects and other commercial enterprises which are undertaken for the revitalization of neighborhoods and communities. The CFNMD will be engaged in the provision of technical assistance and lending to businesses with limited credit and/or collateral required to obtain traditional financing.

Position Summary:

The Marketing, Training and Business Development Specialist is the point of contact for prospective CFNMD business borrowers. Primary responsibilities include generating client leads, connecting clients to business assistance resources that support their success, coordinating technical assistance and training services with partner organizations, assisting clients with their loan applications and providing outstanding customer service to business borrowers and prospective business borrowers.

 

Responsibilities:

  • Conduct one-on-one meetings with referral sources and centers of influence to build awareness in the market of our lending and technical assistance programs for African American, Latino and other ethnic minority business owners.
  • Present information about CFNMD products and services at community information meetings to promote our lending and technical assistance programs.
  • Meetings may include but not be limited to meetings with church congregations, business associations and business leaders.
  • Identify small business owners who need financing and assist business owners with initial processing of loan applications and ensure loan applications are  processed in a timely manner.
  • Develop a technical assistance plan and provide guidance on implementation of the plan as needed for loan applicants and borrowers.
  • Develop and execute a marketing and sales plan that focuses on CFNMD’s target customers.
  • Coordinate with the marketing and social media staff to develop a strong digital marketing presence and other marketing collateral needs
  • Identify, initiate and manage strategic community partnerships that increase quality referrals.
  • Coordinate with partner organizations to provide training and technical assistance to borrowers and prospective borrowers
  • Ensure compliance with all applicable rules and regulations
  • Explore new income opportunities and develop lasting community partnerships
  • Assist the Fund Manager in furthering the work of the Board of Directors and committees  
  • Stay updated on new product design and industry best practices
  • Develop and update a database of existing and potential borrowers 
  • Explore opportunities for new initiatives

 

Requirements:

  • Bachelor’s degree in related field required; preferred knowledge of small business 
  • Bilingual - English and Spanish; Good presentation and math skills;  
  • Minimum of 3 years; prior business experience/sales skills preferred  
  • Preference given to prior experience in small business lending, nonprofit and/or government community development lending and/or finance experience a plus
  • Ability to set and meet deadlines and coordinate several projects simultaneously.
  • Demonstrated knowledge of project management tasks and implementation.
  • Manage time strategically improving efficiencies. 
  • Must be able to work independently and as part of a team.
  • Flexibility and a “can-do” attitude are musts. 
  • Willingness to learn and take on new challenges.
  • Willingness to work nights and weekends, when needed.
  • Excellent written and verbal communication skills

Compensation:

Commensurate with work experience

How to Apply:

To apply send cover letter and resume to grizelubarry@gmail.com

Fund Manager Community Fund of North Miami Dade
Opa-Locka , Miami , FL
Job Function: Financial Services
Posted: June 27, 2017

Background:

The Community Fund of North Miami Dade, Inc. (CFNMD), a Community Development Financial Institution (CDFI) certified through the U.S. Department of Treasury since 2003 that serves as an affiliate of Opa-Locka Community Development Corporation (OLCDC).   

Since its inception, CFNMD has utilized resources derived from the public and private sectors to assist directly and indirectly distressed and low wealth communities. This has been accomplished through a program of lending and investing in small businesses, real estate development projects and other commercial enterprises which are undertaken for the revitalization of neighborhoods and communities. The CFNMD will be engaged in the provision of technical assistance and lending to businesses with limited credit and/or collateral required to obtain traditional financing.

Position Summary:

The Fund Manager is responsible for overall management of the Loan Fund. The Fund Manager aligns lending operations to meet the strategic goals of the organization and is responsible for meeting goals related to loan growth, earned revenue, mission fulfillment, and portfolio management.

Responsibilities:

  • Maintain a strong relationship with current and potential investors
  • Conduct group presentations and one-on-one meetings and develop other marketing techniques to increase the amount of investments into the fund
  • Work with financial institutions and interested donors on creative approaches to grow the fund
  • Maintain a high percentage of investor renewals
  • Apply for grants (capital and operating) at private and public foundations, corporations, and government
  • Supervise and train loan fund staff, interns, and volunteers
  • Maintain updated loan policies and procedures
  • Market the fund to investors
  • Help initiate loan applications and coordinate process with CRF
  • Negotiate loan structure
  • Prepare analyses and reports on the loan portfolio performance, in collaboration with CRF
  • Participate in the preparation and administration of operational budgets
  • Ensure compliance with all applicable rules and regulations
  • Explore new income opportunities and develop lasting community partnerships
  • Facilitate the work of the Board of Directors and committees 
  • Work closely with OLCDC management team on the financing of real estate projects
  • Stay updated on new product design and industry best practices
  • Explore opportunities for new initiatives

 

Requirements:

  • Bachelor’s degree in related field required; Master’s in business and/or community development preferred
  • Minimum of 3 years program management and supervisory experience
  • Experience in small business lending operations demonstrated experience with residential and commercial lending; nonprofit and/or government community development lending and/or finance experience a plus
  • Ability to set and meet deadlines and manage several projects simultaneously.
  • Demonstrated knowledge of project management tasks and implementation.
  • Manage time strategically improving efficiencies. 
  • Must be able to work independently and as part of a team.
  • Flexibility and a “can-do” attitude are musts. 
  • Willingness to learn and take on new challenges.
  • Able to supervise staff and build a strong team.

Compensation:

Commensurate  with work experience 

How to Apply:

To apply send cover letter and resume to grizelubarry@gmail.com

 

Development & Communications Manager Boston Community Capital, Inc.
Boston, MA
Job Function: Business Development
Posted: June 12, 2017

Background:

Boston Community Capital (BCC) has invested over $1 billion dollars in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, and is a fully self-sustaining, private nonprofit organization. To date, BCC has financed over 20,000 affordable homes, over 2 million square feet of inner-city commercial real estate, child care facilities, schools and youth programs serving nearly 30,000 children, businesses creating over 4,000 jobs, solar panels generating over 26 million kilowatt hours of solar electricity (the equivalent of cutting car travel by over 38 million miles), and $130 million in residential mortgages to stabilize over 800 families and individuals facing foreclosure.

BCC’s groundbreaking work has been featured in The New York Times, The Boston Globe, The Chronicle of Philanthropy, The Nation, US News and World Report, The Huffington Post, The Los Angeles Times, The Economist, and The Christian Science Monitor, and on NPR’s All Things Considered, PBS NewsHour, CBS Evening News, MSNBC’s All In with Chris Hayes, and Fox News.

Although BCC operates nationally, the organization’s headquarters is located in the Dudley Square neighborhood of Boston. To learn more about BCC, visit www.bostoncommunitycapital.org.

Position Summary:

Boston Community Capital (BCC) seeks a highly motivated, flexible, and organized Development & Communications Manager to play a key role in a nationally-recognized, innovative and growing nonprofit organization. The Development & Communications Manager, a skilled communicator with drive, creativity and a commitment to excellence, will work closely with senior management and staff across the organization to advance BCC’s strategic communications work and capitalization efforts, building and strengthening relationships with new and existing partners who share our commitment to building healthy communities where low-income people live and work.  Together with the Development & Communications team, s/he will coordinate media and public relations, social media, online outreach and public policy work.  S/he will work in a dynamic, progressive team environment, leveraging internal and external resources to promote the creative use of capital market tools to create wealth, opportunity and lasting change in underserved communities.

Responsibilities:

The Development & Communications Manager works closely with senior leadership to develop and implement communications strategies to advance BCC’s mission and impact. S/he helps manage relationships with new and existing investors and donors, coordinating investor/donor on-boarding and documentation, including management of Salesforce database and investor resource center, loan renewals, interest payments, donation acknowledgement and investor reporting; organizing meetings and events to introduce potential clients, partners, donors and investors to our work; and providing administrative support as needed to support the organization’s overall external relations goals. S/he coordinates ongoing communications activities and the production of marketing materials that promote and enhance our work, including but not limited to annual reports and other print publications; website, social media and other online communications; and customer and partner outreach for the SUN Initiative and other business units. S/he serves as a key link between the CEO, senior management, staff and our diverse external constituent base, including investors, donors, borrowers, board members, policy makers, peer organizations and community partners.

Specific Responsibilities

  • Build and manage new and existing investor and donor relationships (25%), including prospective investor education, management of advisor relationships, loan documentation, reporting, renewals and repayments. Oversee and maintain Salesforce database and Investor Resource Center, ensuring investor and donor information is accurate and up-to-date; facilitate timely and accurate communication of information between external supporters and finance, compliance and BCC’s business units. Assist in the preparation of grant and loan applications, including federal, foundation, financial institution and individual sources of capital.
  • Develop, produce and maintain marketing materials (25%), including but not limited to website, annual report, e-newsletters, social media, program-specific collateral materials and presentations. Provide project management to support development and production process, coordinating senior management, staff, external consultants and outside vendors. Produce, edit, distribute and maintain content; respond to partner requests for borrower stories, photos, logos, bios, etc.
  • Support media outreach, new business development and policy advocacy activities (15%), building a database of borrower story banks, data and materials to support outreach efforts.  Track outreach activities and results, maintaining Salesforce database of contacts, articles, stories and results (web traffic reports, new referrals, etc.). Distribute to staff, board and external constituencies as appropriate.
  • Coordinate and support meetings and events that showcase BCC’s programs, partners, impact and accomplishments (10%), including site visits, speaking engagements and outreach events. Ensure that management and staff have the tools they need to communicate effectively, respond to external requests, and oversee logistical support to ensure events run smoothly.
  • Provide administrative support that bolsters relationships with external constituencies (10%), including prospective and existing clients, borrowers, investors and donors, maintaining BCC’s commitment to high-quality, client-focused business practices.
  • Support BCC’s Board of Directors (5%), coordinating quarterly Board Meetings and overseeing production of Board reporting package.
  • General Support (10%), including active participation in internal and external meetings, including Loan Fund and SUN staff meetings and external meetings; representing BCC on working groups and in public meetings as appropriate, and other duties as assignment.

Requirements:

Bachelor’s degree and 2-5 years’ experience in communications, business development, fundraising, investor/donor relations, marketing, or related field. The ability to take information, transform it into exciting, accurate and useful messages that resonate with our core audiences, and to disseminate this information to those audiences via the right channels is critical. Experience with MS Office (Word, Excel, Outlook, PowerPoint) required; experience with Salesforce and related tools preferred; experience with InDesign, Publisher, Illustrator and Photoshop a plus.

The successful candidate will bring many if not all of the following qualifications and attributes: 

  • Excellent writing, editing and verbal communications skills remarkable for their clarity, accuracy and persuasiveness
  • A clear and creative thinker with exceptional judgment, strong organizational and project management skills, a strong customer focus and a commitment to results
  • Ability to recognize and maximize opportunity on behalf of the organization
  • Flexibility and a demonstrated ability to flourish in a nimble and entrepreneurial environment
  • Demonstrated commitment to social, economic and political justice, consistent with the mission and goals of Boston Community Capital
  • Goal-oriented, project-oriented, and achievement-oriented

 

Compensation:

Salary is competitive and commensurate with experience within the guidelines of Boston Community Capital’s scale. The position comes with excellent benefits including medical, dental, life and long-term disability insurance, as well as generous vacation and employer contributions to a retirement account.

How to Apply:

The position is open until filled. Please apply at: https://bostoncommunitycapital.recruiterbox.com/jobs/fk0m47f. Include cover letter and resume to the attention of Andrew Koh, Director of Operations.

No calls please. Due to the high volume of applications, Boston Community Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

Boston Community Capital is an equal opportunity employer. Boston Community Capital is committed to a policy of equal employment opportunity for all employees or applicants for employment without regard to race, color, religion, gender, age, national origin, ancestry, sexual orientation, physical or mental disability, genetic information, veteran status or other protected status in accordance with applicable federal, state and local laws.

Financial Analyst CDC Small Business Finance
San Diego, CA
Job Function: Accounting
Posted: June 8, 2017

Background:

CDC Small Business Finance (CDC) is a national leader in mission based lending to small business owners.  Through its nearly 40 years in business, the not-for-profit has established itself as the largest SBA 504 lender and the largest SBA Community Advantage lender in the U.S.A.  CDC is aggressively expanding its program offerings and services in non SBA product lines with a continued emphasis on creating jobs and success for entrepreneurs.  CDC is looking for proactive, performance oriented professionals who will help take us to the next level with their energy and initiative.  We offer a competitive compensation plan, excellent benefits and a work culture that cares about employees and provides flexibility to balance work and life priorities. Benefits include health, dental, vision, life insurance, fitness reimbursement and a 401(k) plan with a 50% match and no salary cap!  We also have Ditch Day once a year for team building and a Year-End Celebration among other perks. Our office is located in beautiful Liberty Station surrounded by  shops, historical sites, parks, waterways and now a Market Place and Farmers' Market.

Visit our website at www.cdcloans.com.

Position Summary:

Financial Analyst will be responsible for working with management in compiling and analyzing data for banking relationships, budgeting, and operational reporting .  The analyst will also assist with liquidity and risk management.

Responsibilities:

  • Assessing operational performance and setting investment priorities 
  • Developing detailed analyses to support operational and capital decisions 
  • Assemble and summarize data to structure sophisticated reports on financial status and risks 
  • Develop financial models, conduct benchmarking and loan production analysis 
  • Assist with modeling, and quantifying risks, including: equity and interest rate sensitivities, cash flow variability, credit, interest rate margins, and liquidity risks.
  • Work with the Accounting Manager to manage credit facility utilization             
  • The position will report directly to the CFO  but will work closely with a number of team members on a range of activities.

Requirements:

Experience:

  • Minimum two years’ experience in finance and a degree in accounting, finance, or economics (advanced degree preferred).      

 
Qualifications:
 

  • Financial and analytical skills, including strong Excel skills 
  • Understanding of financial markets, liquidity and risk  
  • Excellent oral and written communication skills including presentation 
  • Ability to work with multiple priorities and projects effectively

Compensation:

Compensation, which includes a base salary and performance bonus, is in the range of $55,000 to $65,000 but is also commensurate with experience and qualifications. CDC provides a strong benefit package that includes medical, dental, and vision plans. Life, short-term and long-term disability plans are fully paid by the company along with 10 sick days, 2 personal days, 10 paid holidays and a vacation plan that increases with tenure. CDC's retirement plan is a phenomenal 401(k) plan with a 50% match and NO salary cap other than the IRS limits. In addition, there is a discretionary supplemental contribution based on the company's financial performance that was an additional $4,000 into the 401(k) plan for all participants in 2016. 

How to Apply:

Please send your resume to ehebert@cdcloans.com

Senior Manager, Federal Policy NALCAB - National Association for Latino Community Asset Builders
Washington, DC
Job Function: Advocacy/Policy
Posted: June 7, 2017

Background:

The National Association for Latino Community Asset Builders (NALCAB) represents and serves 100+ nonprofit organizations across the nation, which includes real estate developers, business lenders, economic development corporations, credit unions, and consumer counseling agencies. NALCAB implements responsible, market-based strategies for strengthening underserved communities, rebuilding the ladder of economic mobility for low- and moderate-income Americans and supporting the economic integration of immigrants through equitable neighborhood development, investing in small business and building family financial wellness. In close alignment with its core programmatic activities, NALCAB operates a fellowship to invest in next-generation leadership within its Network, hosts a national conference and implements a training institute focused on culturally and linguistically relevant asset building services.

 

Position Summary:

The Senior Manager is responsible for leading the daily execution of NALCAB’s federal policy strategy including collaborating with national partners and coalitions. The candidate will coordinate meetings with government representatives, federal agencies, and others with an emphasis on the U.S. Congress and the administration on behalf of NALCAB and its membership. The Senior Manager will keep track of potential legislation and regulatory changes that will impact the mission of the organization. In addition, the candidate will propose and make policy recommendations to the Director, Programs, D.C. Office and the Executive Director related to NALCAB’s policy priorities. 

Responsibilities:

Essential Duties and Responsibilities: 

Including the following:

  • Collaborate with national partners and coalitions in the development of asset building and community development policy.
  • Coordinate the on-going work of the Board of Director’s Policy Committee including the implementation of NALCAB’s policy agenda.
  • Oversee the development of policy briefs, webinars, policy position materials, and case studies and other material to inform NALCAB members.
  • Lead advocacy efforts with government representatives, federal agencies, and others with an emphasis on the U.S. Congress and the administration including coordinating NALCAB member visits and NALCAB’s Hill Day.
  • Cultivate, engage, and educate with policymakers and influential supporters on our key policy recommendations including proposed regulations, legislation, appropriations, testimony and comments.
  • Prepare comment letters in response to proposed regulatory changes that affect NALCAB’s policy agenda.
  • Participate in NALCAB’s National Conference planning as well as related conferences seeking to raise the profile of NALCAB’s policy profile priorities including moderating speaking, or developing sessions.
  • Other related duties as assigned.

Competencies:

To perform the job successfully, an individual should demonstrate the following competencies:

  • Leadership – Exhibits confidence in self and others; inspires and motivates other to perform well; effectively influence actions and opinions of other; accepts feedback from others; gives appropriate recognition to others.
  • Visionary Leadership – Displays passion and optimism; inspires respect and trust; mobilizes other to fulfill the vision; provides vision and inspiration to peers and subordinates.
  • Strategic Thinking – Develops strategies to achieve organizational goals; understands organization’s strength & weaknesses; analyzes market and competition; identifies external threats and opportunities; adapts strategy to changing conditions.

Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Minimum five years’ experience in federal policy development or advocacy in related non-profit including but not limited to: economic development, small business, community development, or housing.
  • Capitol Hill experience preferred
  • Bachelor’s degree required; Master’s degree preferred in Public Policy or related field
  • Exceptional written, oral, interpersonal, and presentation skills and the ability to effectively interface with leadership and NALCAB members.
  • Extensive successful writing and editing experiences with a variety of print and online communications media.
  • Demonstrated skill and comfort in proactively building relationships with nonprofit, elected officials and public sector leaders.

Compensation:

To Be Reviewed at interviewed

How to Apply:

To respond to this opportunity, please email resume to: jobs@nalcab.org 

Also please add Senior Resource Development Manager Position in the subject line.

Lending Program Officer Greater Kansas City LISC
Kansas City , MO
Job Function: Lending/Loan Operations
Posted: June 5, 2017

Background:

LISC is a national nonprofit intermediary that provides financial and technical assistance to community-based organizations, public agencies and private nonprofit and for-profit entities focused on the redevelopment of urban neighborhoods and rural communities. The organization works through 31 local offices in urban sites including Greater Kansas City LISC and a national rural program which operates in 44 states. In partnership with residents and multi-sector stakeholders, Greater Kansas City LISC attracts and coordinates local and national resources to strengthen neighborhoods in Kansas City, Missouri and Kansas City, Kansas. Greater Kansas City LISC is comprised of a small, passionate staff and a local advisory board dedicated to carrying out this mission. More information can be found at www.lisc.org/kansas_city/

As a Community Development Financial Institution (CDFI), a core function of LISC is its operation as a loan fund. LISC provides various loan products to a wide array of project types. All loans are subject to oversight by LISC’s Lending Department. In 2016, LISC nationally approved $248 million in new loan commitments, and the outstanding loan portfolio at year-end was $280 million. The Kansas City office invested $5.5 million in 2016 to support affordable housing projects and a summer reading program. LISC is looking to grow its lending volume in the years ahead.

Position Summary:

The Lending Program Officer will be responsible for working with Greater Kansas City LISC to assist with lending business development and loan originations. Primary responsibilities will include identifying project opportunities; providing technical assistance to local borrowers; vetting of projects and financing needs; and developing key relationships and partnerships with public and private leaders in local markets. In particular, he/she is expected to have expertise in housing and/or commercial finance, preferably in low-income communities with an emphasis on neighborhood-scale economic development. 

Responsibilities:

  • Work with staff to build a pipeline of projects in such asset classes as affordable housing, community facilities, and commercial developments with the primary goal of generating loan activity. 
  • Work with LISC partners on the full-cycle of activities related to business and real estate based lending and development, providing technical assistance and identifying appropriate LISC resources as needed. This includes assessing project feasibility and the financing request, developing financing strategies and helping partners access other forms of capital including philanthropic contributions and/or public subsidies. 
  • Manage relationships with other strategic partners, including for-profit and nonprofit financial institutions and local, state, and national governmental subsidy programs, that could support potential permanent financing structures for LISC borrowers.
  • Work with the Executive Director and other partners to develop a strategic approach to support the growth of lending and real estate based transactions, design new lending programs and create related marketing, informational and application materials.
  • Serve as a primary underwriter, including working with borrowers to structure the transaction, conducting due diligence and financial analyses, drafting credit memoranda, and presenting loan recommendations to LISC’s national Credit Committee.
  • Collaborate with internal and external parties (banks, co-lenders, attorneys, etc.) to structure financings including managing intercreditor negotiations; reviewing real estate contracts, leases and due diligence; and identifying and negotiating key risk mitigants including reserves, guarantees and other forms of credit enhancement.
  • Present loan recommendations to LISC’s Credit Committee, as necessary, and manage the closing process with in-house and external counsel.
  • Lead new initiatives as called upon to do so.

 

Requirements:

  • Bachelor’s degree in business, finance, real estate or related fields.
  • At least 5 years of relevant experience in lending, finance, community development or related field, with demonstrated experience in housing real estate development, including project financing, market analysis, deal structuring, and financial analysis.
  • Familiarity with the real estate markets in the Greater Kansas City region together with familiarity with city, state and federal financing programs available to support projects.
  • Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
  • Deep knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity.
  • Strong verbal and written communication skills. Proficiency in Microsoft Office suite, particularly Microsoft Excel. Highly detail-oriented.
  • Demonstrated interest in LISC’s community development mission.

 

Compensation:

The position is based in Kansas City, Missouri. LISC offers a competitive salary and excellent benefits.

LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY AND INCLUSION

 

How to Apply:

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

Stephen Samuels
LISC
600 Broadway, Suite 280
Kansas City, MO 64105-1536
Email: ssamuels@LISC.org

Chief Executive Officer East Akron Neighborhood Development Corporation
Akron, OH
Job Function: Administrative/Operations/IT
Posted: June 2, 2017

Background:

The East Akron Neighborhood Development Corporation (EANDC) offers an entrepreneurial Chief Executive Officer the opportunity to further the impact of a highly respected and multi-faceted community development organization with a four-decade track record of improving neighborhood conditions in East Akron and surrounding communities.  

The Organization

  • History
    • East Akron Neighborhood Development Corporation (EANDC) “improves communities by providing quality and affordable housing, comprehensive homeownership services and economic development opportunities.” The organization’s vision is to create residential and business communities that are safe, vibrant, economically secure and self-sustaining.
  • Early Years 
    • Formed in 1982, EANDC was the first nonprofit housing organization of its kind in the city of Akron. With help from East Akron Community House and the Council of Block Club Presidents, EANDC was able to identify the housing needs of the community and begin to revitalize the substandard housing stock in East Akron. Since its founding, its programs have grown to include additional residential services and major economic development projects visible throughout East Akron and beyond.
    • During its early years, EANDC purchased and rehabilitated vacant and abandoned homes, then sold them to first time or low to moderate income homebuyers. The organization also had an initial focus on weatherization and energy conservation programming to help families cut their utility costs. A major turning point came in 1993 when EANDC was able to leverage credit by working with local banking institutions to increase lending opportunities for low income homebuyers. This resulted in a number of families putting roots down in East Akron, which stimulated additional investment and development that fueled positive change for the community. In 1996 EANDC reached another milestone through completed construction of Arlington Homes, the organization’s first single-family development. 
  • Recent Accomplishments 
    • By the time EANDC celebrated its 30th Anniversary in 2012, its assets had grown to more than $25 million including property in Canton, Barberton and west Akron. At this point, the organization made a strategic decision to return its focus to East Akron. In 2015, EANDC purchased its current corporate headquarters in the center of East Akron, where staff are now housed under one roof and EANDC can provide office and meeting space for other organizations and the community at large. EANDC’s Robinson Homes East Project, a 27-unit scattered-site development completed in 2014, replaced vacant parcels with high-quality single-family homes, followed by a nearby 10-unit townhome development for veterans. In 2015 alone, more than 1,700 energy audits were completed by EANDC’s team along with home repair services for 114 households. The Center for Homeownership assisted 200 homebuyers to purchase a home during a two-year period, and the organization expanded its vacant lot repurposing and resident empowerment efforts. 
  • Community Responsiveness  
    • EANDC proactively responds to needs and opportunities to improve Akron’s housing stock and spur community renewal on a local and regional level. Some of these efforts include: 
      • Establishment of the Lead Based Paint Hazard Control Program in 1998 in partnership with the Akron Health Department. This program continued through 2015. 
      • Expansion of homebuyer education to include foreclosure prevention services to respond to the housing crisis facing the area in the late 2000’s
      • Transformation of a Brownfields site in 2004 to become Middlebury Marketplace, the first inner city retail center within the Akron city limits in 40 years. Employing 160 people, this flagship plaza is an active commercial center anchored by a full-service supermarket in an urban area that lacks access to fresh produce and home to a dental clinic and community-based businesses. 
      • Development of the Village at New Seasons, a mixed-use development completed in 2011 with a 10,000 square foot health clinic and apartments for low-income seniors. This project represents EANDC’s commitment to holistic community development that bridges health and housing.
      • Completion of the East Akron Neighborhood Plan in 2013. The plan promotes the reuse of vacant lots and encourages the transformation of those lots into community assets.
    • This responsive, diverse, neighborhood-centric approach is a core competency of the organization. 
  • Overview
    • EANDC’s 50-person staff works across real estate development, property management, home ownership and preservation, community building and administration functions. A large portion of the staff is comprised of property managers, security guards, and energy auditors. The organization is governed by 18 board members representing a mix of community leaders and experienced civic and industry professionals. EANDC’s FY 2017 expense budget is $3.9 million. In 2004, EANDC became a chartered member of NeighborWorks America. Since then, EANDC has gained a stronger foothold in the community and has been able to build capacity, serve more families and grow its programs through NeighborWorks trainings, financial support and technical assistance. EANDC holds an Exemplary rating, the intermediary’s highest organizational categorization. 
    • Grady Appleton, EANDC’s outgoing CEO, has served in this role since its inception 35 years ago. He plans to retire from the organization at the end of 2017 after four decades of service to the community.
  • Major business lines include: 
    • Real Estate Development: Since its inception, EANDC has developed 620 affordable housing units, directing $108 million of investment into the community. Developments include single-family homes, multi-family rental developments built primarily using Low Income Housing Tax Credit (LIHTC) financing, mixed-use buildings and commercial development. In 2010, EANDC tenants began to be eligible to purchase the homes they were renting. Since this time, more than 40 households moved into homeownership using this strategy. The CEO is currently the lead staff person for EANDC’s real estate development portfolio and pipeline. 
    • Center for Homeownership: Since 2006, this division has supported individuals and families to purchase and retain homes through counseling and education (both in-person and via eHome America’s online platform), financial literacy, and foreclosure intervention counseling. Since inception403families have become homebuyers,2170 families have received homebuyer counseling and 666(success around foreclosure prevention).  
    • Energy Services: EANDC runs two programs under this business line – weatherization services and energy audits to families across Akron.  Historically, this business line also included emergency home repairs to low income homeowners. EANDC completes between 1,300 and 1,700 energy audits annually, providing a significant service to Akron residents to lower utility bills and modernize older housing stock. One third of the organization’s budget is represented by contracts under this program.
    • Property Management and Rentals: EANDC owns and operates 623 residential and commercial units across 22 properties with an investment value of more than $80 million and fee manages an additional 80 units. Approximately two-thirds of these units are in Akron with the remainder in Canton. Eighteen of the 22 properties managed by EANDC are developments financed via the LIHTC, and the majority are collections of single-family homes. 
    • Community Development: Within this business line, EANDC oversees community engagement and resident leadership services. Staff promotes neighborhood stability and resident engagement in East Akron by working with neighborhood stakeholders to implement the vacant land reuse strategies presented in the East Akron Neighborhood Revitalization Plan. Projects include repurposing lots into pathways, parks, and garden spaces, creating public art and murals on vacant homes, and mobilizing community members to take leadership roles in shaping and improving the area in which they live, work, and play. 

Position Summary:

Reporting to the Board and its Executive Committee, the CEO is responsible for providing overall leadership, direction, and operational and financial management for EANDC. The CEO directly supervises a four-person senior management team, including the Vice President of Operations and Administration, Vice President of Residential Services, Director of Fund Development and Communications, and Director of Urban Planning. The CEO focuses on organizational development and management, growth of the real estate pipeline, external relations and strategic relationship building, and resource development. 

Toward these ends, near term priorities (next 12-18 months) for the CEO will include: 

  • Overseeing completion of EANDC’s next long-range strategic plan, with a beginning timeframe of January 2019.
  • Securing funding for EANDC’s Real Estate Development line of business, moving forward projects in predevelopment, and reviewing and possibly changing EANDC’s current approach to its real estate development line of business to expand the types of financing mechanisms the organization uses to develop housing. 
  • Ensuring that annual programmatic and financial goals across business lines are met, including continuing EANDC’s commitment to the revitalization of East Akron and furthering the Board’s focus on expanding unrestricted net assets. 
  • Working with senior staff on plans and goals for growth of EANDC Contractors, LLC, geographic expansion of energy services, third-party fee-based property management services, and possible resyndication of LIHTC properties approaching their 15-year mark.
  • Maintaining and growing strong collaborative partnerships with public and private stakeholders at local and regional levels. 
  • Building a strong working relationship with the staff and Board and furthering the Board’s focus on effective governance of the organization and increased board engagement. 

Responsibilities:

Key responsibilities of the CEO position include: 

Strategic, vision and leadership: 

  • Collaborate with the Board to refine and implement the strategic plan while ensuring that the budget, staff, and priorities are aligned with EANDC’s non-profit’s core mission. 
  • Provide inspirational leadership and direction to all executives, and ensure the continued development and management of a professional and efficient organization; establish effective decision-making processes that will enable EANDC to achieve its long and short term goals and objectives. This includes retaining EANDC’s high performance senior management team. 
  • Ensure effective strategic vision systems to track progress, and regularly evaluate program components, so as to measure successes that can be effectively communicated to the board, funders and other constituents. 
  • Cultivate a strong and transparent working relationship with the Board and ensure open communication about the measurement of financial, programmatic, and impact performance against stated milestones and goals. 
  • In partnership with the board, help build a diverse and inclusive board representative of the community that is highly engaged and willing to leverage and secure resources. 

Fund development: 

  • Ensure that the flow of funds permits EANDC to make continuous progress towards the achievement of its mission and that those funds are allocated properly to reflect present needs and future potential. Expand local revenue generating and fundraising activities to support existing program operations while simultaneously retiring building debt. 
  • Formulate and execute comprehensive marketing, branding and development strategies that will ensure consistency throughout the organization and enhance revenue from major donors, foundations, government agencies and corporations. 

Strengthening infrastructure and operations: 

  • Ensure the delivery of high quality services while managing for current and future growth. 
  • Facilitate cross-departmental collaboration and strengthen internal communications with staff throughout the organization; create and promote a positive, multicultural work environment that supports consistency throughout the organization’s strategy, operational methods, and data collection needs. 
  • Oversee the financial status of the organization, monitor the budget and ensure sound financial controls are in place; set financial priorities accurately to ensure the organization is operating in a manner that supports the needs of the program and staff. 

Program Development: 

  • Plan and implement affordable housing and economic development projects using a mix of private and public funding sources, including oversight of pre-development, development and post development stages.
  • Be an external local and national presence that communicates program results.

Requirements:

Experience and Attributes

The CEO position demands an entrepreneurial, mission-driven and highly skilled leader who is motivated by neighborhood revitalization and the intersection of housing, community development and resident empowerment.  Ideal candidates for this position will bring a variety of experiences and attributes to the position, including:

  • Progressive and proven big-picture thinker who can adapt to shifting circumstances and take advantage of opportunities 
  • Experience and understanding of real estate development for low-income households, including a high degree of familiarity with how Low Income Housing Tax Credit funding and other affordable housing financing is accessed and used to develop affordable housing 
  • Senior leadership experience that demonstrates career advancement, including a track record of effectively leading a performance- and outcome-based organization or business line and overseeing financial performance. 
  • Excellence in organizational management with the ability to coach executive personnel and manage and develop high-performing teams. 
  • Ability to collaborate – strong interpersonal skills, both internal and external to EANDC
  • Ability to authentically relate to and connect with residents of inner city neighborhoods; comfort level working with racially and socioeconomically diverse populations
  • Fund development experience, evidence of ability to successfully raise funds from diverse sources to further an organization’s programmatic goals, including public, corporate and philanthropic entities
  • Experience ‘at the table’ with key decisionmakers and funders. 
  • Demonstrated ability to effectively work with Boards of Directors in furthering an organization’s mission
  • Strong negotiation and public speaking skills
  • High degree of integrity 
  • Degree in urban planning and/or evidence of education, certification, experience, or verified knowledge in community development, and real estate development in particular. Bachelors degree required, advanced degree preferred 

Compensation:

Salary will be competitive and commensurate with experience. Excellent benefits.

How to Apply:

The EANDC Board has hired Raffa to assist with the executive search and transition. To apply, e-mail resume, cover letter and salary requirements to: eandc@raffa.com (e-mail applications are required and will only be accepted at this email address).

For other inquiries contact:

Jill Fioravanti, Search Consultant, Raffa: jillfioravanti@raffa.com

Resume reviews begin immediately. Interviews will begin in late summer and EANDC anticipates announcing the selection of the new executive in fall 2017, with a start-date of January 2018.

EANDC seeks to provide equal employment opportunities and does not discriminate in hiring on the basis of race, color, national origin, sex, gender identity, sexual orientation, religion, age, disability, protected veteran status, or any other characteristic protected by federal, state or local law. EANDC fully complies with all applicable federal, state, and local anti-discrimination laws.

Assistant Controller WWBIC
Milwaukee, WI
Job Function: Accounting
Posted: June 1, 2017

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) has provided quality business and financial education coupled with access to fair capital and financial products for 30 years. Since WWBIC was incorporated as a 501(c)(3) in 1987, it has loaned $46 million to small business owners, helped entrepreneurs create and retain 8,900 jobs, assisted over 55,000 clients, including more than 3,900 businesses, and assisted 152 individuals and families in purchasing their own homes through its asset-building program. Each year, WWBIC increases its impact across the state through the hard work of our staff and dedicated volunteers. For more information, visit www.wwbic.com.

Position Summary:

This position is primarily responsible for management of accounting and reporting activities, supporting the preparation of Board and Committee reports and for working collaboratively with WWBIC leadership to ensure completion of organizational objectives. This position will have supervisory responsibility for our hardworking accounting team.

 

Responsibilities:

Specific responsibilities include oversight of day to day and month end accounting and  related  reporting, internal control of receipt of revenues, costs and program  budgets, analysis of financial data and presentation of financial reports in an timely manner, assisting WWBIC leadership with budget planning and analysis, and managing and tracking the performance of invested assets.

Requirements:

  • The position requires a minimum of 5 years of  experience in an accounting and/or financial reporting and previous supervisory experience.
  • A Bachelor’s degree and knowledge or both Generally Accepted Accounting Principles (GAAP) and Office of Management and Budget (OMB) regulations is required.
  • Must have strong communication, organization and analytical skills along with a high comfort level in Microsoft Office.
  • Must work collaboratively and  be committed to supporting and developing a strong Accounting team.
  • Valid driver’s license and proof of  insurance is needed.

Compensation:

Based on experience.

How to Apply:

Email cover letter, resume and salary requirements to: patricia.lohmann@wwbic.com

Chief Communications Officer Boston Community Capital
Boston, MA
Job Function: Public Relations
Posted: May 30, 2017

Background:

Boston Community Capital (BCC) has invested over $1 billion dollars in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, and is a fully self-sustaining nonprofit organization. To date, BCC has financed over 20,000 affordable homes, over 2 million square feet of inner-city commercial real estate, child care facilities and schools serving nearly 20,000 children, businesses creating over 4,000 jobs, over 2.5 million acres of sustainably managed timberlands in distressed, rural areas, and $130 million in residential mortgages through its SUN foreclosure prevention initiative. Although BCC operates nationally, the organization’s headquarters, as well as the SUN initiative’s main offices, are located in the Dudley Square neighborhood of Boston. To learn more about BCC and SUN visit www.bostoncommunitycapital.org and www.SUNhomehelp.org.

Position Summary:

Boston Community Capital (BCC) seeks a dynamic, visionary Chief Communications Officer (CCO) to lead its Communications Department. This position will work closely with BCC’s Chief Executive Officer to oversee and direct all aspects of the organization’s communications work, including online communications. The CCO will be a sharp, informed thinker who is comfortable working in an environment focused significantly on financial policy, investment and development. The CCO will be an excellent writer and editor -- able to communicate complex ideas clearly and powerfully, to tell the story of BCC’s work and history, to communicate the mission and impact of the organization’s initiatives, and to create impactful communications strategies in an evolving financial and policy climate. The CCO will have strong leadership skills and be an effective manager of both projects and staff.  

Based in Boston, the CCO will work in tandem with all departments of Boston Community Capital to develop a strategic plan for how BCC communicates to the media, the public, and its partners, including the public, private, and non-profit sectors. The CCO will design, implement and manage a communications strategy that supports new programmatic investment initiatives, ambitious growth goals of existing businesses and connects BCC’s work to regional and national conversations about community development, investment, and financing. Accordingly, the CCO will demonstrate experience in aspects of financial policy and possess comfort communicating on financial topics both internally at BCC and externally across multiple channels. The CCO will be responsible for guiding messaging and strategy suitable for media relations, social media and digital content.

Responsibilities:

The CCO will articulate a vision of Boston Community Capital’s leadership role, and develop and execute a strategy that communicates that vision to public, private and non-profit sector audiences. The CCO must possess the following:

  • Strategic Communications Expertise- With a demonstrable track record for setting and guiding a robust communications plan for a national organization, the CCO should have an acute understanding of how communications can elevate the initiatives and thought leadership of a national organization that also engages intensively at local levels. Strong candidates will demonstrate a commitment to skills development and honing a voice for the organization that informs all press materials, digital content, and other internal and external communications. The CCO should have established relationships with relevant journalists, show comfort on financial topics, have an ability to grow audiences through web content and social media, and possess a history of achieving strong press placements. 
  • Collaborative Approach- Representing multiple BCC programs in a highly technical and fast-moving environment, the CCO must be able to foster a culture of collaboration. The CCO will provide ongoing coaching and mentorship of the organization’s members, helping them improve their communications skills and voices as representatives of the organization. The CCO will help set communications objectives and priorities across multiple teams and develop strong, cooperative relationships with the staff, allies and partner organizations. 
  • Senior Leadership Experience- As an integral part of BCC’s leadership team, the CCO is expected to work closely with the CEO and other department directors to participate in, and actively contribute to, organizational strategic planning and major initiatives. These efforts include long-term strategic planning and playing an active role in developing new BCC programs and initiatives. 
  • Strong Spokesperson Qualities- The CCO will be an ambassador for BCC for a variety of audiences and should be comfortable serving as the voice of an organization and being a spokesperson in the media.

Requirements:

Ideal candidates will have 10+ years of experience, including experience in a senior management role directing a national or regional strategic communications program. Applicants must have a commitment to supporting the development of low-income communities, developing and articulating cutting-edge financing strategies, and collaborating across public, private and non-profit sectors to build healthy communities where low-income people live and work. The role requires demonstrable comfort and enthusiasm for working in a financial and policy-intensive field. 

Compensation:

Salary is competitive and commensurate with experience within the guidelines of Boston Community Capital’s scale. The position comes with excellent benefits including medical, dental, life and long-term disability insurance, Green and Health & Wellness Benefit, as well as a generous vacation and employer contributions to a retirement account. 

How to Apply:

The position is open until filled. Please submit a resume and cover letter to the attention of Andrew Koh, Director of Operations here.

No calls please. Due to the high volume of applications, Boston Community Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

Boston Community Capital is an equal opportunity employer. Boston Community Capital is committed to a policy of equal employment opportunity for all employees or applicants for employment without regard to race, color, religion, gender, age, national origin, ancestry, sexual orientation, physical or mental disability, genetic information, veteran status or other protected status in accordance with applicable federal, state and local laws.

Portfolio Manager Capital for Change, Inc.
New Haven, CT
Job Function: Lending/Loan Operations
Posted: May 23, 2017

Background:

Capital for Change, Inc. (C4C) is a fast-growing non-profit CDFI formed on May 1, 2016 by the merger of three Connecticut based CDFIs. C4C provides financial products and services to support activities benefiting low and moderate income people and places. We promote community development, economic opportunity and improved economic conditions.  Our loans increase and preserve affordable housing options, promote energy efficiency and alternative energy, and improve access to health, food, and educational resources and other services benefiting low and moderate income people in our community. We lend throughout the State of Connecticut and have offices in New Haven, Hartford and Bridgeport.  

Position Summary:

The Portfolio Manager (PM) will monitor the C4C Commercial loan portfolio, assessing potential problems and assisting in their resolution, communicating with borrowers and managing closing and construction loan procedures.  The Portfolio Manager will keep C4C’s commercial loan portfolio updated and will assist with organizational risk management and reporting to the Loan Committee.  The PM will play a key role in maintaining accountability to investors, funders, and other stakeholders through reporting and communications.  The Portfolio Manager will also assist C4C Lending staff with processing of borrower payments, invoicing and may assist with some grant reporting. 

C4C is an EOE and Affirmative Action employer.

Responsibilities:

  1. Perform C4C’s Portfolio Management functions
    • Monitor C4C’s loan portfolios for programmatic and operational compliance, risk rating and adherence to financial covenants. 
    • Monitor loan delinquencies by assisting in the identification and prioritization of problem loans and engaging in problem solving and workouts with lending team and borrowers. Offer recommendations when issues arise.  
    • Collect, organize and review borrower audits, financials, insurance and other documentation on a regular basis
    • Communicate with borrowers about pending maturity dates, late payments and other loan covenant compliance.
    • Analyze loan performance against underwriting projections to identify any potential loan repayment problems. 
    • Process borrower loan payments and invoices with direction from and oversight by Finance Department 
    • Prepare and present monthly reports to Board-level Committees and others as needed.   
  2. Coordinate loan closing process and close outs in conjunction with Lending team
    • Assist in collecting necessary loan data for entry into the Loan Servicing system.
    • Order appraisals, inspections, environmental reviews, etc. as needed
    • Oversee the preparation and review of loan closing documents for appropriateness, completeness and accuracy
    • Obtain and manage loan closing files
  3. Manage Construction Loan monitoring and disbursement process in conjunction with Lending team.  
    • Work with borrower and inspector to review and approve construction advances
    • Maintain construction budget-to-actual spreadsheets
    • Collect contracts, requisitions, change orders, lien waivers, and building approvals
    • Obtain and organize backup documentation
  4. Coordinate with Finance and Lending Department to perform other related duties as assigned, including assisting in grant reporting and applications

Requirements:

  1. Education:
    • Bachelor’s degree in economics, business, finance, public policy/administration or a related field required, or at least 4 years of relevant experience. 
  2. Experience:
    • Minimum of one (1) year of experience related to community/economic development, lending and loan portfolio administration and/or real estate development.
    • Preferred at least 3 years experience in loan servicing and loan administration
    • Prior experience developing and implementing administrative systems and procedures. 
  3. Job Skills:
    • Demonstrated organizational skills.
    • Candidates should be self-starters and proven ability to work in a team environment.
    • Ability to manage multiple tasks simultaneously. 
    • Proficiency with Microsoft Office products, in particular Excel, and ability to learn new software systems. 
    • Strong project management and problem-solving skills.
    • Ability to respond to challenges of a changing work environment and diverse job requirements. 
    • Excellent verbal communication skills; ability to clearly and comfortably communicate with diverse public and internal contacts
    • Strong attention to detail and accuracy. 
    • Ability to prioritize and re-prioritize projects as needed. 
    • Ability to preserve confidentiality of sensitive information professionally and with integrity. 
    • Desire to work in the community development field/ non-profit sector and in a diverse organization.

Compensation:

Compensation commensurate with experience.

How to Apply:

Please send Resume and Cover letter to cweil@capitalforchange.org.

Please no calls or application status requests.

Pages

Printer Friendly and PDF