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  • Make an impact and join the opportunity finance field.

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

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

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

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

Director of National Lending First Children's Finance
Minneapolis, MN
Job Function: Lending/Loan Operations
Posted: June 29, 2018

Background:

The mission of First Children’s Finance (FCF) is to increase the sustainability and supply of quality child care businesses. Founded in 1991, FCF provides business and financial assistance to business owners and leaders in the field of Early Care and Education (ECE). In addition, FCF works at the intersection of child care and economic development and promotes private sector engagement and investment in the business of child care. FCF is a national nonprofit organization headquartered in Minneapolis that provides business development programs and/or financing to ECE providers in multiple states, with regional offices in three: Minnesota, Iowa and Michigan. For more information, see the First Children’s website at: http://www.firstchildrensfinance.org

Position Summary:

The purpose for the position of Loan Fund Director is to build and sustain FCF’s lending activities in multiple states and to help determine the future direction of the loan fund. The Director accomplishes his/her purpose through the following responsibilities: aligns lending with FCF business development programs, develops, manages and promotes lending and technical assistance programs; seeks and secures capital and operating funds; markets and evaluates lending offerings; builds and maintains public and private sector relationships; stays abreast of issues and trends affecting the CDFI industry; and contributes to the leadership development and training of other First Children’s staff, consultants and volunteers. The Director leads and supervises a team of staff to insure the effectiveness and sustainability of all loan fund programs and First Children’s as a whole organization.

The Loan Fund Director will also participate on the FCF Leadership Team which works on organization wide activities and will assist the CEO and others in fundraising. 

Responsibilities:

  • Lead capital and operation resource development activities for the loan fund
  • Develop and maintain effective partnerships/relationships government agencies, banks and other external partners
  • Build and nurture strategic relationships with stakeholders and allies both in state and nationally
  • Work with other FCF supervisors to coordinate loan fund responsibilities of all staff
  • Coordinate assistance to loan recipients providing timely support and technical assistance 
  • Lead new product initiatives as needed
  • Work with lenders as they structure loans to ensure compliance with FCF credit policies and underwriting practices
  • Work closely with FCF finance and asset management staff to help manage lending portfolio and maintain risk rating tools, monitor financials, and build budgets
  • Ensure adequacy of and refine underwriting templates and marketing materials
  • Work with staff and committees to review and deploy loans
  • Assist CEO and other directors with fundraising

Requirements:

Required Experience:

  • Work with diverse populations in a community or business setting
  • Develop and implement long-term marketing and fundraising strategies, including experience cultivating and soliciting foundations, government, individual, and corporate donors in support of program         and operational activities 
  • Private sector engagement and partnership
  • Planning, facilitation and program development
  • Experience in the CDFI or lending sector; Relevant experience in underwriting and financial analysis, funding of low-income, or community development activities

Preferred Experience:

  • Minimum of 5 years in management, preferably in a nonprofit organization
  • Experience in some aspect of early education or child care
  • Demonstrated experience in community/economic development, financial services, financial management or related field required, with experience working in a nonprofit environment 
  • Proficiency in Microsoft Office (Excel, Word, Publisher, PowerPoint) and Outlook

Skills

Ability to:

  • Think strategically, plan regionally, and implement plans on the ground
  • Promote a positive image of First Children’s and position First Children’s as a key resource in the field of early care and education
  • Work collaboratively with a diversity of First Children’s customers, partners, staff, and stakeholders
  • Write and communicate excellently 
  • Work with minimum supervision, yet be a part of a team
  • Read, interpret, and analyze financial statements and develop and manage budgets

Personal Attributes

This position requires an individual who is strategic and hands-on, self-motivated, collaborative and skilled in building innovative products and institutional infrastructure. 
One who demonstrates personal leadership and is:
  • A strategic thinker and planner as well as an effective implementer
  • Creative, innovative, flexible, entrepreneurial
  • A team player, partner, collaborator and networker
  • Energetic, enthusiastic, with a can-do attitude
  • A systems thinker that is able to maintain a big-picture focus while attending to detail
  • Organized, a self-starter, and a multi-tasker

Education

  • A bachelor’s degree (or higher) in business, organization development, planning, communications, finance, or a related field is required

Compensation:

Salary and Benefits: Salary is competitive with excellent benefits that include medical, dental, life, ADD, and disability insurance; holidays and paid time off; and professional development.

How to Apply:

Please send resume and cover letter to fcfaccounting@firstchildrensfinance.org

1830A Commercial Lending Sector Leader – Charter Schools Self Help Credit Union
Durham, NC (Preferred); Chicago, IL; Los Angeles, Ca; Oakland, CA; or Fresno, CA also considered., NC
Job Function: Financial Services
Posted: June 29, 2018

Background:

Self-Help is a leading national community development financial institution headquartered in Durham, NC. Since 1980, Self-Help has provided over $7 billion in financing to 146,000 families, individuals and businesses. It helps drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. The Self-Help family of nonprofit organizations includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending. Through its credit union network, Self-Help serves over 145,000 people in North Carolina, California, Chicago and Florida. Learn more at www.self-www.self-help.org, www.self-helpfcu.org and www.responsiblelending.org.

Position Summary:

Self-Help is seeking a Commercial Lending Sector Leader to lead our lending efforts to Charter Schools to join our team.  This individual will lead the development and implementation of strategies to maintain Self-Help as a national lender to public charter schools and to influence the public education reform movement. 

Self-Help's twenty-year commitment to public charter school lending has grown out of our mission to create ownership and economic opportunities for people of color, women, rural residents, and low-wealth families and communities. We recognize that development of a community's human assets is as important as developing its financial assets. Consistent with our overall approach, we reach out to charter schools in communities that have been left out of the financial mainstream, schools that are incorporating racial equity practices into their work, and academically high performing schools whether independent or part of a charter management organization. Charter school financing has evolved to become a major focus of Self-Help's lending—we have made more than 140 loans totaling more than $350 million, enabling school to create or maintain more than 40,000 space for predominantly low-income students.

The individual will focus on helping the team build and strengthen external partnerships, build on-going expertise in finance and innovations, and deploy high-priority capital that supports entrepreneurs and not-for-profits investing in charter schools.  The Sector Leader will lead the outreach and development that brings charter school borrowers to Self-Help.  The individual will work with teammates to develop products that support the underwriting, approval, and funding of borrowers and borrower initiatives that meet Self-Help’s goals, mission and underwriting criteria.

Responsibilities:

Essential Responsibilities:

  • Lead the development and assessment of commercial lending programs, products and procedures, including:
    • Developing and leading the implementation of strategies to further our impact on charter school lending and with an impact on Self-Help mission communities.
    • Becoming the organizational expert for charter school lending through such work as maintaining and building relationships, participating in meetings and associations, and monitoring regulatory change.
    • Developing loan products that fit with Self-Help mission, market and underwriting criteria.
    • Working with the Development, Policy and Impact Team to identify sources of funding and subsidy.
    • Working across sectors to identify/share learnings and/or components that might be integrated into other areas of the Commercial Lending Team’s work.  
    • Being a credible and influential leader to internal and external colleagues of Self-Help.
  • Market loans to existing and new referral sources and potential borrowers. 
  • Remain attuned to policy landscape and provide opportunities to share best practices and technical assistance with referral networks, existing borrowers, and school leaders.
  • Evaluate applicant financial information, management, collateral, and other driving criteria to ensure credit and mission quality. 
  • Originate and close loans and assist loan officers on credit analysis, including participating in related credit committee discussions.
  • Develop sector goals, work with staff on achievement of sector goals, and provide ongoing coaching to team members related to sector lending.  Meet loan production and delinquency goals for sector.
  • Perform other duties as may be deemed necessary

Minimum Qualifications:

  • 4 year college degree or relevant experience required plus 5 years’ of related experience such as in lending, finance, education or community development. 
  • Knowledge and passion around the education sector.  Ability to influence teammates and refine tools to increase targeted sector lending where appropriate.
  • Ability to explore new sources of funding and credit enhancements for loan programs.
  • Solid communication skills including the ability to present to multiple types of audiences. 
  • Ability to build effective business development networks that lead to loan deal.
  • Strong quantitative skills:
    • Ability to spread and analyze financial statements, projections, cash flows and evaluate information.
    • Ability to do a quick risk assessment on key financial and other factors to determine if a loan might be viable for Self-Help.
  • Ability to travel 30 - 40%.
  • Ability to work productively in a team environment, including ability to set priorities and organize competing priorities.
  • Proficiency with MS Word, Excel, and PowerPoint.
  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially- and socially- diverse organization.

Desired Qualifications:

  • Graduate degree in Business, City Planning, Public Policy or Law (or a related field). 
  • Experience in school education finance, school leadership or work with a charter support organization or school administration.
  • Contacts and existing relationships within the charter school movement is a plus.

Requirements:

Frequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally lift and exert force of up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package.

How to Apply:

To apply, send resume and cover letter, describing why you are a fit for this position, to hiringmanager@self-help.org. Please include the position title and number as the subject. The position will remain posted until filled.

Program Director, Healthy Food Financing Initiative Reinvestment Fund, Inc.
Philadelphia, PA
Job Function: Advocacy/Policy
Posted: June 27, 2018

Background:

Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives. We bring together individual investors, banks, government officials, private foundations and faith-based and community organizations to invest in projects that transform communities. As a federally certified community development financial institution (CDFI), we manage $1 billion that comes from over 865 investors. Through strategic investment, leadership in public policy, and data analysis, we put resources in the communities of greatest need in the manner that achieves the greatest good—because everyone should have the opportunity to live in a diverse and economically vibrant neighborhood. The company maintains a AA issuer rating from S&P, as well as a four star with Policy Plus, AAA rating from AERIS (highest rating available from industry rating agency).

Position Summary:

The Healthy Food Financing Initiative (HFFI) is a USDA program that aims to improve access to fresh, healthy foods in underserved areas. The program also aims to create and preserve quality jobs and revitalize low-income communities by providing technical assistance and capital to eligible food retailers. While new at its permanent home at the USDA, HFFI is also supported at the U.S. Department of the Treasury and U.S. Department of Health and Human Services since 2010. To date, HFFI has helped leverage more than $195 million in grants and an estimated $1 billion in additional financing. It has also supported 950 grocery and other healthy food retail projects in more than 35 states across the country, revitalizing economies, creating jobs, and improving health. In 2017, Reinvestment Fund was appointed by the USDA to serve as the National Fund Manager (NFM) for the program at the USDA.

The selection is a capstone to Reinvestment Fund’s decade plus efforts to bring equitable access to healthy food to communities across America. Beginning with the Pennsylvania Fresh Food Financing Initiative (FFFI) in 2004, Reinvestment Fund has developed a comprehensive and evidence-based approach to improving the food landscape for low-income people. Since that time, it has provided more than $248 million in grants and loans to support 163 healthy food projects. Reinvestment Fund also created ReFresh in 2014, a network of CDFIs working together to support healthy food access financing efforts across the country. 

As the NFM, Reinvestment Fund is responsible for providing funds and technical assistance to retailers who qualify for financing. We are also responsible for working with USDA to leverage private capital and channel capital to fund eligible projects that will improve access to fresh, healthy foods in underserved rural and urban areas.

ABOUT THE POSITION:

Reporting directly to the Chief of Strategic Initiatives (CSI), the Healthy Food Financing Initiative (HFFI) Program Director (PD) is responsible for planning, designing, developing and implementing effective and engaging programs in support of low-income people across the country. The PD will support the CSI in the design, resourcing and execution of the innovative HFFI national program that connects to our expertise as a provider of capital and data. The PD will be a key external face with constituents and stakeholders.  More specifically, the HFFI program will include requests for proposals, grantmaking, and coordinating technical assistance providers to food retail operators. 

This position also requires the PD to serve as a strategic advisor to a wide array of decision makers (e.g. state and federal legislators, foundation leaders, non-profit and for-profit executives, lobbyists, etc.) on a variety of critical topics including but not limited to food system development, food policy and project finance.  He or she must be able to support Reinvestment Fund’s federal fresh food access advocacy on Capitol Hill and inside the United States Department of Agriculture (USDA). 

This is an ideal opportunity for a policy-savvy leader with strong strategic thinking, relationship management, communication, and facilitation skills to work with Reinvestment Fund’s leadership and staff and play a transformative role in shaping the future of the HFFI.

Travel (30%) to perform programmatic field work and to educate policy makers will be required.

Responsibilities:

Leadership:

  • Cultivate and manage relationships with external program partners for HFFI – funders, advisors, program recipients, vendors and consultants.
  • Lead Reinvestment Fund’s national food policy efforts, representing us and peer organizations and educating policy makers. 
  • Report to USDA in format and time line as outlined in the program contract.
  • Direct programs’ contribution to building the CDFI field through various forums including written distillation of research and analysis. 
  • Represent Reinvestment Fund nationally in the healthy food and food system financing industry.
  • Support the CSI to maximize the strategic value of program activity across Reinvestment Fund. 

Program Operation Management:

  • Maintain internal and external responsibilities ranging from client, budget and program management to designing and implementing programs.
  • Responsible for the marketing and communications of the HFFI program with support from the Community and Investor Development (CID) group, with an eye to lifting our national visibility.
  • Create and manage program budget and any associated contract agreements with subcontractors delivering programmatic and technical assistance services. 
  • Serve as the external face of HFFI for Reinvestment Fund with a wide array of stakeholders including state and federal legislators, foundation leaders, non-profit and for-profit executives, lobbyists, etc. which will include travel to D.C., conferences, convenings and project site visits.
  • Plan, manage, and coordinate logistics for programmatic meetings and webinars.
  • Manage grant/contract processes, compliance and reporting, including management of re-grants to funding and technical assistance recipients, which will include the following:
  • Analyze and process funding advance requests and appropriate backup documentation as presented by the awardees.
  • Obtain and review project compliance materials as required during the grant or loan period. 
  • Maintain project files in excellent condition and consistent with federal regulations and organization procedures, with sufficient documentation for third-party review, prepare files for timely audits

Requirements:

  • Bachelor’s degree required, advanced degree in related field preferred.
  • Minimum of 10 years of relevant work experience, with significant expertise in food policy.
  • Demonstrated interest in and understanding of food policy.
  • Experience working in a position of leadership ideally at a non-profit, or at the federal, state, or local government level.
  • Strong analytical mindset; able to deconstruct large, complex policies into clear and actionable strategies and initiatives.
  • Experience leading and managing multiple, complex projects in a fast-paced, entrepreneurial, and ambiguous setting.
  • Inspiring leadership and relationship building; able to quickly build trust and credibility with both internal and external stakeholders.
  • Comfort managing up, down and sideways to achieve transformative outcomes.
  • Excellent communication skills, both oral and written, for a variety of audiences.
  • Evidence of a strong commitment to Reinvestment Fund’s mission and work. 

Compensation:

Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance; 401(k) savings plan with employer match; tax favorable flexible spending accounts (medical, dependent care and transportation); tuition reimbursement; professional development; generous paid time off; and EAP program.

How to Apply:

Qualified candidates should submit an application form found online at https://www.reinvestment.com/careers/ and include a Resume, cover letter and salary requirement.

Reinvestment Fund is an Equal Opportunity Employer. Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, ancestry, non-job related disability, or status as a veteran.

Be advised: Reinvestment Fund has an affiliate, RF Impact Advisers, Inc. (“RFIA”), that is a state-registered investment adviser.  In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA.   As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals this reporting will extend to your household members. You may be subject to a background check.

Relationship Manager. Community Development Lending USBank.Community Development Corporation
Chicago, IL
Job Function: Financial Services
Posted: June 25, 2018

Background:

U.S. Bancorp Community Development Corporation (USBCDC) provides tax credit investments, loans, and banking services to organizations and projects that support affordable housing and economic development in underserved communities across the country.

 

UDSBCDC is a subsidiary of USBancorp, 

U.S. Bancorp, with 74,000 employees and $460 billion in assets as of March 31, 2018, is the parent company of U.S. Bank, the fifth-largest bank in the United States. The Minneapolis-based bank blends its branch and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank online or follow on social media to stay up to date with company 

Position Summary:

The Community Finance Relationship Manager position is part of the Specialty Finance team within USBCDC.  Specialty Finance provides loans, investments, and banking services to Low Income Housing Tax Credit (LIHTC) Syndicators, Community Development Financial Institutions (CDFIs), Affordable Housing Consortiums, and to New Markets Tax Credit and Historic Tax Credit transactions.  The Community Finance Relationship Manager will report to the Director of Specialty Finance, and will work closely with staff across the team and department.   

This position, while listed in Chicago, Illinois can be seated in multiple locations. 

Responsibilities:

  • Loan Origination.
  • Business development, structuring, underwriting, and closing loans primarily to LIHTC Syndicators, Affordable Housing Consortiums, and other community development real estate funds.
  • Source new business through establishing and deepening relationships with existing clients, and prospecting new clients.  Partner with USBCDC’s LIHTC Equity team to provide comprehensive capital solutions to customers.
  • Underwrite the financial strength of fund sponsors, the financial strength of fund investors, and the transaction’s overall capital structure.  Where applicable, underwrite the credit quality of a fund’s real estate portfolio.
  • Ensure that subject transactions are underwritten in compliance with U.S. Bank credit policy.
  • Prepare comprehensive written credit memos, and recommend credit approval to USBCDC senior management and USB Credit Risk Management.
  • Negotiate legal documentation with borrowers, in coordination with internal and external legal counsel.
  • Coordinate with USBCDC Deposit & Payment Solutions team to provide banking services and products to customers.
  • Relationship Management
  • Coordinate with portfolio managers and loan servicing team to manage existing relationships, including completion of annual reviews, ongoing covenant compliance, and internal credit audits.

Requirements:

Basic Qualifications 

  • Master's degree, or equivalent work experience 
  • 10 or more years of commercial lending experience 

Preferred Skills/Experience 

  • Strong relationship management and business development/sales skills 
  • Well-developed analytical and problem-solving skills 
  • Considerable knowledge of credit and credit quality 
  • Thorough knowledge of bank products and services 
  • Ability to work effectively with individuals and groups in managing customer relationships 
  • Excellent presentation, verbal and written communication skills

Compensation:

A very competitive salary and bonus structure combined with a strong benefits package

How to Apply:

https://usbank.taleo.net/careersection/10000/jobdetail.ftl?job=180015208&tz=GMT-05%3A00

Financial Management Specialist Rural Community Assistance Corporation
West Sacramento, CA
Job Function: Finance
Posted: June 21, 2018

Background:

Founded in 1978, RCAC is a 501(c)(3) non-profit that provides training, technical and financial resources and advocacy so low-income rural communities can achieve their goals and visions. For more than 35 years, our dedicated staff and active board work to make our vision of vibrant, healthy and enduring rural communities a reality across the West.

Position Summary:

The Financial Management Specialist (Housing) trains nonprofit organizations and local and tribal government agencies to strengthen accounting systems, more effectively manage resources and better understand the cost of services and products.

Responsibilities:

Specific job goals, objectives and tasks are established for each employee as part of the annual evaluation and work plan processes. Duties and responsibilities include but are not limited to:

  • Conduct financial management system assessments 
  • Provide training and technical assistance in specific fields of expertise (e.g., nonprofit and small government accounting, financial management systems, fund accounting, uniform guidance and accounting software packages, etc.)
  • Plan, prepare and deliver group and one-on-one adult trainings and workshops at various conferences, institutes, clinics or client agencies. 
  • Manage small contracts
  • Prepare written reports and document activities
  • Participate in and lead project teams
  • Provide excellent customer service
  • Perform other duties as assigned

Requirements:

  • Strong accounting knowledge;  non-profit and financial management, accounting principles, procedures and policies, internal controls, job cost allocation, and fund accounting
  • Knowledge of organizational management ‘best practices’
  • Knowledge of regulations and laws related to financial management
  • Principles and techniques of effective training
  • Group facilitation and meeting management skills
  • Knowledge of QuickBooks is highly desired

Compensation:

$57,600 to $62,400 yearly

How to Apply:

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

National Underwriter Local Initiatives Support Corporation (LISC)
Los Angeles, SFO, NYC or Chicago, NY
Job Function: Lending/Loan Operations
Posted: June 20, 2018

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 and a national rural program which operates in 44 states. LISC assists its local partners with the development of affordable multifamily and senior and other supportive rental housing, for-sale housing and homeownership initiatives, commercial, retail and economic infrastructure developments, community facilities and various community-building programs such as employment, child care, health care and open space. Please see www.lisc.org for additional information about LISC and its national and local programs.

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 2017, LISC approved $301 million of new loan commitments, and the outstanding loan portfolio at year-end was $350 million. LISC is looking to grow its lending volume in the years ahead.

Position Summary:

LISC is seeking qualified candidates to fill the newly created position of National Underwriter. This position will be part of LISC’s Lending Department and will report to LISC’s Vice President, Business Development or Chief Credit Officer. The National Underwriter will be responsible for providing technical assistance to LISC local program staff and underwriting on behalf of LISC local programs across a wide array of community development product types and asset classes. The National Underwriter will work in concert with Lending and Legal department staff and lending staff in the field and serve as a coordinator of national LISC lending resources. The National Underwriter’s interaction with local program staff will be largely determined by local capacity and the strategic priority of the work at hand. High capacity offices with experienced staff may require structuring and underwriting feedback at certain key junctures, while smaller less experienced offices may require more significant underwriting support. The position will provide customized assistance to local offices across the full range of lending activities, including structuring, underwriting, and closing of LISC loans. 

Responsibilities:

  • Provide technical assistance to local Program Officers that perform primary underwriting in the form of structuring assistance and ancillary underwriting support and guidance concerning compliance with LISC’s underwriting criteria.
  • Serve as primary underwriter for certain local offices and certain transactions, including working with borrowers to structure the transaction, conducting due diligence and financial analyses, and drafting credit memoranda. 
  • Present loan recommendations to LISC’s credit committee and Board of Directors, as applicable.
  • Facilitate loan closings by working with counsel and borrowers on loan documentation and ensuring that all closing conditions have been satisfied.
  • Work with local staff, the Executive Directors and other partners to design new loan products and lending programs and create related marketing, informational and application materials. 
  • Provide technical assistance support to partners to position their organizations to successfully implement more complex real estate developments. 
  • Perform other related duties as needed.

Requirements:

  • Bachelor’s degree required; post-graduate degree strongly preferred.
  • Minimum seven years real estate lending or credit review experience at a bank, nonprofit financial intermediary or similar institution.
  • Strong capacity in transaction structuring and underwriting, including ability to analyze financial statements, project development budgets, and project operating pro formas.
  • Familiarity with government subsidies and tax credit programs.
  • Excellent interpersonal skills and ability to work effectively across the LISC network of local and national programs and affiliates, including the National Equity Fund, Inc. (NEF) and New Markets Support Company (NMSC).
  • Good organizational abilities, including ability to work independently and to manage multiple assignments simultaneously.
  • Strong written and oral communication skills and excellent attention to detail.
  • Willingness to travel.

Compensation:

LISC provides a competitive salary and excellent fringe benefits for this position. Flexibility on geographic location with preference for West Coast. The position is available immediately.

How to Apply:

To apply, please email a cover letter and resume to:

Malini Nayar
Vice President, Business Development
Local Initiatives Support Corporation
501 Seventh Avenue – 7th Floor, New York, New York 10018
mnayar@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Housing Underwriter Local Initiatives Support Corporation (LISC)
New York or Other Location, NY
Job Function: Lending/Loan Operations
Posted: June 20, 2018

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 and a national rural program which operates in 44 states. LISC assists its local partners with the development of affordable multifamily and senior and other supportive rental housing, for-sale housing and homeownership initiatives, commercial, retail and economic infrastructure developments, community facilities and various community-building programs such as employment, child care, health care and open space. Please see www.lisc.org for additional information about LISC and its national and local programs.

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 2017, LISC approved $301 million of new loan commitments, and the outstanding loan portfolio at year-end was $350 million. LISC is looking to grow its lending volume in the years ahead.

Position Summary:

LISC is seeking candidates for the position of Housing Underwriter in the organization’s Lending Department. The Housing Underwriter will provide technical assistance, and in some instances direct underwriting support, to local Program Officers in the field and serve as primary underwriter for a set of national and regional borrowers that operate in multiple LISC markets. The Housing Underwriter will have deep knowledge of public and private resources available to leverage LISC’s investment and will provide support to strategically deploy LISC’s full array of financing products, including loan products, lines of credit, and tax credit equity, working alongside LISC affiliate National Equity Fund, Inc. (NEF). The Housing Underwriter will report to the Vice President, Business Development or Chief Credit Officer.

Responsibilities:

  • Screen, structure and underwrite financing requests, including analyzing operating performance, historical and projected financial performance, management capacity, organizational structure, and project feasibility for affordable housing projects. 
  • Provide support to local LISC staff on project-specific analysis, deal structuring assistance and underwriting for affordable multifamily rental housing transactions and single family for-sale and rental transactions.
  • 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 and the Board of Directors, as necessary, and manage the closing process with in-house and external counsel.
  • Provide technical assistance to internal LISC staff on project planning, development models and financing options. 
  • Coordinate internal and external relationships that are critical to growth of the housing lending portfolio including relationships with LISC Housing and LISC Policy staff and other national and local staff, originators of Low Income Housing Tax Credit transactions via LISC affiliate NEF, financial institutions and other program partners.
  • Work with LISC management and LISC Housing to develop strategic collaborations with public sector agencies at the local, state, and federal levels that leverage LISC’s capabilities and national platform.

Requirements:

  • Bachelor’s degree in business, finance, real estate or related fields. Master’s degree preferred.
  • At least 7 years of demonstrated experience with housing and community development and/or multifamily real estate development is preferred, including project financing, market analysis, deal structuring, and financial analysis. 
  • 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 understanding of and experience with community development financial models, including but not limited to low income housing tax credit investments, new markets mixed use tax credit investments, tax-exempt bonds and federal, state and city subsidy programs, including HUD programs.
  • Strong verbal and written communication skills.
  • Highly detail-oriented.
  • Demonstrated interest in LISC’s community development mission.

Compensation:

LISC provides a competitive salary and excellent fringe benefits for this position. Flexibility on geographic location.

How to Apply:

The position is available immediately. 

To apply, please email a cover letter and resume to:

Malini Nayar
Vice President, Business Development
Local Initiatives Support Corporation
501 Seventh Avenue, 7th Floor
New York, NY 10018
Email: mnayar@lisc.org

LISC IS AN EQUAL OPPORTUNITY EMPLOYER
COMMITTED TO DIVERSITY AND INCLUSION

Associate, Programs (Impact Investing) Mission Investors Exchange
New York City, NY
Job Function: Project Management
Posted: June 18, 2018

Background:

Mission Investors Exchange (MIE) is the leading impact investing network for foundations dedicated to deploying capital for special and environmental change.  With 200 members, Mission Investors Exchange leverages its expertise and resources to provide foundations with the education, inspiration, and connections to align more assets to mission.  Members rely on Mission Investors Exchange and each other for best practices, new investment opportunities, deal partnerships, and innovations in the practice of impact investing around the world.  Learn more about Mission Investors Exchange members and our work at www.missioninvestors.org.

Position Summary:

The Associate, Programs (Impact Investing) will support the Vice President, Programs in the development and implementation of MIE’s signature National Conference, Mission Investing Institutes, Executive Exchanges, and virtual program offerings, ensuring that MIE develops and delivers best-in-class programming that leverages the innovation, experience, and talent within and beyond its vibrant network.  

A successful Associate, Programs will work closely with the VP, Programs, our core team, and our diverse membership base of philanthropic leaders and affiliates to: 

  • leverage a strong financial or impact investing background, interest in adult learning, and passion for social change to help accelerate impact investing in philanthropy;
  • design and deliver high-impact impact investing education program opportunities for our members and the field at large;
  • gather feedback to continuously improve MIE’s offerings; and
  • create exceptional Member experiences drawing on strong project management skills

Responsibilities:

Key responsibilities include, but are not limited to:

  • Content creation such as session design and speaker selection for all impact investing in-person and virtual learning programs including: National Conference, Mission Investing Institutes, Executive Exchanges, and webinars
  • project management support for learning programs including but not limited to: speaker invitation and preparation, events management, and on-the-ground support, where applicable
  • support in developing and maintaining program budget(s) to build and ensure the sustainability of the business model for program offerings
  • support in development and maintenance of yearly program calendar
  • support in establishing and tracking key performance indicators, and adapting programs based on performance against them, to increase the learning, efficiency and impact across programs
  • gathering qualitative and quantitative feedback on program offerings on an ongoing basis, adapt and improve offerings based on feedback
  • registration management through online platforms, including use of Salesforce for attendee communications and tracking 
  • key program host, grant and sponsor relationship management
  • support for ensuring high quality attendee experience

Requirements:

PREFERRED QUALIFICATIONS:

  • A minimum of three to five years of professional experience.  Finance, impact investing or consulting experience preferred.
  • Passion for addressing social and environmental challenges and an appreciation for the power of investment capital to play a catalytic role in this process
  • Excellent strategic thinking skills, with a high level of intellectual curiosity
  • Pro-active, self-starter with an entrepreneurial mindset who is a creative problem-solver
  • Exceptional organizational and project management skills with an overall execution orientation; track record of effectively managing complex, multi-stakeholder projects
  • Strong verbal and written communication skills, with the ability to represent MIE to our stakeholders
  • Calm under pressure; ability to communicate, problem solve, and act decisively during times of change and/or under pressure 
  • Customer/ member-focused mindset
  • Learning orientation; interest in seeking feedback and new information consistently to strengthen own performance and that of team
  • Experience with Salesforce, or other CRM
  • Bachelor’s degree required; MBA (CFA, CFP, or CAIA) or other master’s degree preferred.  

Compensation:

Salary and benefits will be competitive and commensurate with experience.

How to Apply:

talent@missioninvestors.org Mission Investors Exchange is an equal opportunity employer and welcomes candidates from diverse backgrounds.

Chief Strategy and Implementation Officer Boston Community Capital
Boston, MA
Job Function: Finance
Posted: June 15, 2018

Background:

Boston Community Capital, a national nonprofit community development financial institution.

Position Summary:

Boston Community Capital, a national nonprofit community development financial institution, seeks a Chief Strategy and Implementation Officer (CSIO) to play a critical role in expanding the organization’s reach and impact over the next two decades. The new CSIO will serve as a catalyst, connector and implementer who translates the organization’s ambitious and innovative agenda for the future into concrete action steps and effective on-the ground programs. The individual will build on BCC’s impressive track record of providing affordable housing, good jobs, and new opportunities in low-income communities. 

Founded in 1985 with $3,500 in start-up funds, BCC has grown from a single, locally-based, community loan fund to a multi-tiered organization that serves as a national model of a think-and-do tank for community investment. Its service lines and programs include a national tax credit program, a nationally-acclaimed foreclosure relief program, a mortgage lender, a real estate acquisition entity, two double bottom-line venture funds, and an alternative energy initiative focused on stabilizing utility costs in multi-family affordable housing developments. With $1.1 billion of assets under management, BCC is a self-sustaining business with 2017 revenues exceeding $38 million and a staff of 45.

Reporting to the Chief Executive Officer (CEO) and working closely with others on the C-Suite team, the new CSIO will craft and execute plans for new initiatives and for the growth and improvement of existing programs. To achieve these goals, the CSIO will manage teams working throughout the organization.  

BCC seeks candidates who have a commitment to improving the lives of low-income populations and communities. The successful candidate must have outstanding execution capabilities and be comfortable working in a values-driven organization operating at the intersection of downtown business expertise and community needs. The individual will have substantial experience in a senior management role developing and implementing new business and growth strategies in a nimble, entrepreneurial and complex environment.  In addition, they should be familiar and comfortable with the complex interplay of policy, law and commerce in solving social and economic issues. 

Responsibilities:

Please see position summary.

Requirements:

Please see position summary.

Compensation:

TBD

How to Apply:

Acceptance of inquiries, nominations, and applications will begin immediately and continue until the completion of the search process.  Applicants are encouraged to transmit a detailed letter of interest and resume to www.imsearch.com/6610

Daniel Rodas, Vice President
Donna Cramer, Managing Associate
Isaacson, Miller

Boston Community Capital is an Equal Opportunity provider

Strategic Communication Coordinator Fahe
Berea, KY
Job Function: Marketing/PR
Posted: June 13, 2018

Background:

Want to make a difference? Fahe is on a mission to eliminate persistent poverty in Appalachia. Our unique collaborative model connects a Network of local, regional, and national leaders, all working together to uplift our nation’s rural places. Since our inception in 1980, the Fahe Network has served more than 450,000 people, made $703.5 million in direct investments, and achieved a total cumulative financial impact of over a billion dollars in Appalachia.

Position Summary:

This entry-level position has two primary responsibilities – first to coordinate the workflow of  Fahe’s Strategic Communication Team which is responsible for Communication, Development, Marketing both digital and traditional, Advertising, Public Relations, Research, Evaluation, and Graphic Design. Secondly, this position will be create and maintain project-based schedules, fielding work requests from the company at large. In addition, the position will have the opportunity to learn more and participate in a number of special interest areas related to the fields described above.

The ideal candidate will

  1. Be an eager learner who enjoys new challenges
  2. Demonstrate superb organization skills
  3. Exhibit strong interpersonal communication skills and the capacity to work constructively and teams
  4. Have the ability to write in a clear, error-free manner.

Responsibilities:

  • Serves as initial point of contact for company-wide requests
  • Manages workflow, tracks deadlines, and coordinates departmental priorities
  • Creates and manages processes for updating materials
  • Assists with administrative tasks as needed to include: scheduling, travel logistics, taking notes, preparing reports
  • Demonstrates superb communication skills, including Customer Service, assuring effective internal communication, developing professional relationships with stakeholders, and writing clearly for multiple audiences.

Requirements:

Requirements for this position include:

  • Excellent customer service approach with ability to multi-task;
  • Ability to work independently and collaboratively;
  • Articulate; Self-motivated
  • Strong organizational skills with strict attention to detail;
  • Excellent written and verbal communication skills;
  • Demonstrate a professional demeanor;
  • Ability to retain and adapt within a consistently changing environment;
  • Knowledge and proficiency working with MS Office applications; and
  • Passion for Fahe’s mission.

Preferred Education and Experience:

  • Bachelor’s Degree in Communication, Marketing, or a related field, previous experience a plus but not necessary

Compensation:

TBD

How to Apply:

Fahe is an Equal Opportunity Employer seeking applicants who can bring diverse viewpoints, experience, talents, and culture to promote our organization’s mission of eliminating persistent poverty in Appalachia. We offer a diverse work environment with competitive salaries and excellent benefits. Visit www.fahe.org to learn more about Fahe.

Qualified candidates may submit a resume and cover letter to hr@fahe.org or mail to Fahe/ATTN: Human Resources; 319 Oak Street; Berea, KY  40403.

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