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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. If you need to edit or remove a posting, please contact info@ofn.orgSubmissions will be reviewed to ensure relevancy to the industry, and posted within 2 business days.

Controller National Housing Trust
Washington, DC
Job Function: Accounting
Posted: December 3, 2018

Background:

The National Housing Trust is a strong national nonprofit engaged in affordable housing advocacy, community lending, real estate development, and energy solutions. Our mission is to preserve and improve affordable multifamily homes to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive. NHT is an award-winning nonprofit with a focused agenda. The ideal applicant thrives in a fast-paced environment, working with dedicated and entrepreneurial colleagues.

Position Summary:

The Controller reports to the CFO and leads the day-to-day operations of the finance and accounting department. He/she is responsible for oversight of all finance, accounting and reporting activities, along with establishing, monitoring and enforcing accounting policies and procedures. He/she is responsible for preparation and distribution of all NHT entity internal financial statements to management, maintenance of the organization’s general ledger, review of reconciliations, managing the year-end audit process and ensuring that all transactions and documentation complies with US GAAP.

Responsibilities:

- Manage daily activities for the finance and accounting department, ensuring staff have prioritized duties and are completing required assignments.
- Oversee all financial, project/program and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants.
- Manage the monthly closing process for all NHT entities, including reconciliations and analysis of related accounts; while maintaining the chart of accounts.
- Ensure intercompany allocations are appropriate and correct and that intercompany billings are generated and paid monthly.
- Prepare monthly investment schedules and related journal entries.
- Develop and maintain the integrity of the financial reporting process and financial controls.
- Maintain, update, and if necessary, develop standard operating policies and procedures, in conjunction with CFO, ensuring they are documented.
- Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements to ensure US GAAP compliance.
- Assist NHT’s CFO and senior leadership in the annual budgeting and planning process; administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate.
- Coordinate audits with the external auditors.
- Manage organizational cash flow forecasting by working in partnership with colleagues and department managers; collaborate with department managers to assess the financial efficacy of program operations and establish finance and administrative systems to support program operations.
- Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of NHT’s financial status.
- Partner with the CFO to lead and support key finance strategic initiatives, such as developing management P&Ls, actual and expected profitability models and metrics, performance dashboards, and forecasts.

Requirements:

This is an extraordinary opportunity for a mature leader with five to ten years of accounting and finance experience, She/he will ideally have experience in a complex nonprofit that has multiple programs. Specific requirements include:
- Minimum of a BA and CPA with public accounting experience.
- Experience with GAAP and not-for-profit accounting principles, practices and regulations; real estate, consolidation, and loan accounting strongly preferred.
- Advanced knowledge of accounting and reporting software; experience with Sage Intacct preferred.
- Commitment to recruiting, mentoring, training, and retaining a diverse team; with the foresight and ability to delegate accordingly.
- Keen analytic, organization and problem-solving skills which allows for strategic data interpretation versus simple reporting.
- Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers.
- Leverage strengths of the current finance team members, helping to clarify roles and responsibilities, while transferring knowledge.
- Provide leadership in strengthening internal communications with staff at all levels throughout the organization; create and promote a positive and supportive work environment.
- Personal qualities of integrity, credibility, and unwavering commitment to NHT’s mission; a proactive, hands-on strategic thinker who will own, in partnership with the CFO, the responsibility for finance.

Compensation:

Base Salary—commensurate with experience.

How to Apply:

If you are interested in this position, please email your resume and a brief cover letter explaining why you are a great fit to hr@nhtinc.org. Please keep cover letters short and specific to job description. Please write "Controller" in the subject line of the email. No phone calls.

Market Maket IFF
Chicago, IL
Job Function: Finance
Posted: November 29, 2018

Background:

The Organization

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

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Our staff of about 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

Position Summary:

Basic Job Function

The Market Maker will be responsible for accelerating the flow of capital between new and existing investors and nonprofits in IFF’s full service markets. The position will be located in Chicago, but will include additional geographic coverage of IFF’s Full Service Markets, which as of now includes Chicago, IL, Detroit, MI and St. Louis and Kansas City, MO. The Market Maker will sit between the supply and demand of capital to make markets more efficient by connecting stakeholders in the marketplace to the pipeline of projects cultivated by IFF.

The individual will cultivate a network of investors across the capital continuum, understand their requirements, structure funds as necessary to optimally utilize that capital, and leverage IFF’s knowledge and skillsets to make projects happen. The Market Maker will also early on develop a plan to develop the capacity to syndicate loans as a new, fee-based service offering. The Market Maker will report to the President Core Business Solutions and will work closely with the Senior Vice President Capital Solutions, the Chief Financial Officer, the President of the Social Impact Accelerator, the Executive Directors based in Detroit, Chicago, and St. Louis, and the Vice President of Strategic Partnerships & Resource Development. This is a new position for IFF and requires flexibility and adaptability as we learn more about how to best evolve this role.

Responsibilities:

Job Duties and Responsibilities:

1. Work with IFF colleagues to develop a pipeline of supply and demand of capital to advance complex nonprofit projects.

-Supply. Working in coordination with the VP Strategic Partnerships, Executive Directors and the President Social Impact Accelerator, develop relationships with key foundations and impact
investors to both ascertain their investing preferences (by geography, sector, and financing vehicle) and raise impact investments for IFF.

-Demand. Working with the SVP Capital Solutions, SVP Real Estate Solutions, Executive Directors and President Social Impact Accelerator, curate a pipeline of projects that require financing
aligned with the above supply of impact investing possibilities.

2. Lead IFF’s effort to create an off-balance sheet Community Facilities Fund (CFF), working closely with the President Social Impact Accelerator and CFO. Engage third party legal counsel and audit expertise to most effectively create a CFF which would raise direct equity and debt investments from IFF stakeholders. Work with Marketing Manager to create collateral material and with Communications to broadcast opportunities for impact investing into the CFF.
3. Develop a strategy and tactical plan to create a fee-based loan syndication offering for IFF. The plan would need to include specific guidance to IFF’s lenders about how to identify opportunities to offer this service, and how IFF would build the internal capacity to standardize an underwriting and structuring approach to these financing transactions.
4. Serve as the IFF “expert” on Opportunity Zones and work with the CFO, President Social Impact Accelerator and SVP Capital Solutions to best determine and refine IFF’s strategy for deploying these funds into IFF development projects and/or the establishment of an IFF Opportunity Zone Fund.
5. Other duties as assigned.

Performance Measures:

1. Creation of a Community Facilities Fund that meets IFF’s objectives (year1). On an on-going basis, the growth of the CFF to support transformative nonprofit facilities projects leveraging multiple strands of impact investor equity and debt.

2. The development of an approved strategic and operational plan to introduce loan syndication services.

3. Leadership in building IFF’s role as Market Maker, including diversification of IFF’s investor base and raising agreed upon levels of impact investments.

4. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.

5. Models personal accountability that promotes ownership and engagement.

6. Builds and maintains effective working relationships with colleagues, peers and team members.

7. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.

8. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

Position Qualifications:

Education: Master’s Degree in business, management, community development, or a related field.

Experience:Ten years of experience with increasingly responsible management and financial roles and a comprehensive working knowledge in community development finance, human services, real estate development or a related field.

1. Experience with federal and other government funding programs required.

2. Experience with investors and investment products required.

3. Experience with financial packaging and structuring preferred (e.g., New Markets Tax Credits).

4. Demonstrated leadership and management skills and a track record of career growth and success.

5. Excellent written and oral communication skills and excellent interpersonal skills.

6. Ability to recognize and communicate strategic opportunities.

Unusual Requirements: Regular travel throughout the assigned region and periodic travel nationally. Occasional evening and weekend work.

Compensation:

Compensation package will be addressed at time of phone screening

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with "Market Maker” in the subject line of the email.

Loan Officer Business Center for New Americans
New York City, NY
Job Function: Lending/Loan Operations
Posted: November 29, 2018

Background:

The Business Center for New Americans (BCNA) is an award winning Small Business Administration (SBA) Approved Microloan Intermediary Lender and is certified as a Community Development Financial Institution (CDFI) by the CDFI Fund at the US Department of Treasury. To date, we have made over $22 million in micro and small business loan which range from $500 to $250,000.
BCNA is a 401(c)(3) non-profit with the mission of creating a a pathway to self-sufficiency for immigrant and refugee entrepreneurs in New York City by providing access to affordable credit, empowering them with financial education, and offering training in best business practices. More information is available at www.nybcna.org.

We are currently looking to expand our lending services and have an excellent opportunity for a Loan Officer to be based in our main office in downtown Manhattan, with some work at our Jackson Heights office.

Position Summary:

Job Description Summary

Reporting to the Director of Lending, the Loan Officer will share in the management of BCNA loan accounts, including underwriting; pre and post loan technical assistance to individual clients; collections, file management and reporting; outreach and marketing. The goal of BCNA’s microloan program is to help under-served small business entrepreneurs by providing access to micro-loans in order to help participants increase assets, income, and independence through their successful ownership of businesses.

Responsibilities:

Responsibilities

• Underwrite small business loans up to $50,000.
• Prepare comprehensive credit memoranda for Loan Committee review, based on loan application data and other pertinent information collected from the loan applicant(s) and various sources.

• Prepare spreadsheet and analyze loan client financial statements and tax returns using internal computer systems and files.

• Ensure that all credit memoranda are accurate and complete with proper loan structuring, identify risk analysis and risk mitigation strategies, and adhere to BCNA’s Loan Policy and Procedures.

• Maintains clients’ records as defined in BCNA’s Loan Policy and Procedures.

• Attend Loan Committee meetings and, as needed, participate in credit discussions with Loan Committee members.

• Participate in marketing and outreach.

Requirements:

Requirements

• Minimum 2-3 years experience in credit analysis of small business loans in a non-profit or for-profit environment. CDFI experience a plus.

• Bachelor’s degree, preferably in business, finance or economics.

• Strong English verbal and written communications skills.. Proficiency in Spanish is strongly preferred.

• Working knowledge of credit principles, policies, practices and financial / cash flow analysis. Excellent mathematical, analytical and computer skills, including strong proficiency with Excel and databases.

• Desire to work in a multicultural environment; commitment to working with refugees and immigrants. Ability to work with clients in a respectful and understanding manner, to maintain confidentiality and to coordinate and prioritize to meet specified deadlines.

• Knowledge of NYC with willingness and ability to travel to engage in marketing and outreach activities. Normal office hour are 9:00 a.m. to 5:00 p.m Availability to work occasional evenings and weekend days to attend meetings, seminars and community events and to travel for multi-day conferences.

Compensation:

Salary range
$55.000-65,000 depending on experience and qualifications.

Benefits
Competitive benefits package including 3 weeks’ vacation with increase to 4 weeks after one year; 12 paid holidays, 8 sick days, 2 personal days; medical and dental insurance; 403(b) Plan. Opportunities for professional development.

How to Apply:

Please include a cover letter with your resume. Respond to hr@nybcna.org.

Loan Officer Business Center for New Americans
New York City, NY
Job Function: Lending/Loan Operations
Posted: November 29, 2018

Background:

The Business Center for New Americans (BCNA) is an award winning Small Business Administration (SBA) Approved Microloan Intermediary Lender and is certified as a Community Development Financial Institution (CDFI) by the CDFI Fund at the US Department of Treasury. To date, we have made over $22 million in micro and small business loan which range from $500 to $250,000.
BCNA is a 401(c)(3) non-profit with the mission of creating a a pathway to self-sufficiency for immigrant and refugee entrepreneurs in New York City by providing access to affordable credit, empowering them with financial education, and offering training in best business practices. More information is available at www.nybcna.org.

We are currently looking to expand our lending services and have an excellent opportunity for a Loan Officer to be based in our main office in downtown Manhattan, with some work at our Jackson Heights office.

Position Summary:

Job Description Summary

Reporting to the Director of Lending, the Loan Officer will share in the management of BCNA loan accounts, including underwriting; pre and post loan technical assistance to individual clients; collections, file management and reporting; outreach and marketing. The goal of BCNA’s microloan program is to help under-served small business entrepreneurs by providing access to micro-loans in order to help participants increase assets, income, and independence through their successful ownership of businesses.

Responsibilities:

Responsibilities

• Underwrite small business loans up to $50,000.
• Prepare comprehensive credit memoranda for Loan Committee review, based on loan application data and other pertinent information collected from the loan applicant(s) and various sources.

• Prepare spreadsheet and analyze loan client financial statements and tax returns using internal computer systems and files.

• Ensure that all credit memoranda are accurate and complete with proper loan structuring, identify risk analysis and risk mitigation strategies, and adhere to BCNA’s Loan Policy and Procedures.

• Maintains clients’ records as defined in BCNA’s Loan Policy and Procedures.

• Attend Loan Committee meetings and, as needed, participate in credit discussions with Loan Committee members.

• Participate in marketing and outreach.

Requirements:

Requirements

• Minimum 2-3 years experience in credit analysis of small business loans in a non-profit or for-profit environment. CDFI experience a plus.

• Bachelor’s degree, preferably in business, finance or economics.

• Strong English verbal and written communications skills.. Proficiency in Spanish is strongly preferred.

• Working knowledge of credit principles, policies, practices and financial / cash flow analysis. Excellent mathematical, analytical and computer skills, including strong proficiency with Excel and databases.

• Desire to work in a multicultural environment; commitment to working with refugees and immigrants. Ability to work with clients in a respectful and understanding manner, to maintain confidentiality and to coordinate and prioritize to meet specified deadlines.

• Knowledge of NYC with willingness and ability to travel to engage in marketing and outreach activities. Normal office hour are 9:00 a.m. to 5:00 p.m Availability to work occasional evenings and weekend days to attend meetings, seminars and community events and to travel for multi-day conferences.

Compensation:

Salary range
$55.000-65,000 depending on experience and qualifications.

Benefits
Competitive benefits package including 3 weeks’ vacation with increase to 4 weeks after one year; 12 paid holidays, 8 sick days, 2 personal days; medical and dental insurance; 403(b) Plan. Opportunities for professional development.

How to Apply:

Please include a cover letter with your resume. Respond to hr@nybcna.org.

PRESIDENT AND CEO BRIDGEWAY CAPITAL
Pittsburgh, PA
Job Function: Other
Posted: November 29, 2018

Background:

PRESIDENT AND CEO
ABOUT BRIDGEWAY CAPITAL
Bridgeway Capital (Bridgeway) is a nonprofit, community development financial institution (CDFI) with $100 million in consolidated assets. Bridgeway envisions a vibrant regional economy that offers meaningful employment opportunities, quality education to build knowledge and skills, and vital services to all members of its communities. By providing capital to grow and innovate, and educational opportunities to build entrepreneurial capacity, Bridgeway generates new prospects for business and job growth, brings new wealth, and preserves critical social services to catalyze economic growth in low-income communities. This growth must include opportunities for all members of society, including racial and ethnic minorities and women, to fully participate in a thriving economy.
In order to achieve this vision, Bridgeway serves as a mission-driven lender who works closely with entrepreneurs and real estate developers to build the path to community revitalization. Bridgeway balances social outcomes and financial returns. It shares risk with clients and finances projects that make a difference. With an active and engaged Board of Directors and a dedicated and experienced staff of thirty, Bridgeway offers four loan products and business education services through three offices to serve low-income people and communities in 15 counties in western Pennsylvania.
For more information on Bridgeway, please visit www.bridgewaycapital.org.

Position Summary:

THE OPPORTUNITY
Bridgeway seeks a highly skilled and visionary leader to replace the organization's founder upon his retirement and build upon its 28 years of growth and impact. Reporting to the Board of Directors, the next President and CEO will have a high level of integrity, bring demonstrated organizational leadership, a deep belief in the power of capital to improve communities and the ability to inspire partners, both internally and externally, to join in the mission. The ideal candidate will be a proven and respected leader with the skills to maintain excellence in the content and delivery of Bridgeway's existing products while ensuring that the organization carries forward its mission and continues to grow, adapt, and innovate to best meet the needs of the community it serves. The President and CEO will be energized by the opportunity to grow the organization's impact on its target markets in the coming years.
Key responsibilities of the President and CEO include:
Strategic Vision
• Work with the Board and staff to create a strategic vision for the future of the organization that focuses on significant growth and increased impact
• Advise the Board on achievement of strategic objectives, significant trends in the CDFI industry and funding, and important developments in communities Bridgeway serves
• Assure the staff is organized to serve as advisor and resource to the Board in all areas of finance, products and governance
• Set objectives for the Board and its committees and partner effectively with them to maximize their efforts and maintain a focus on the mission and vision
• Engage and inspire the Board as active brand ambassadors
• Partner with the Board leadership to identify, cultivate, recruit and engage new board members
Executive Leadership & Organizational Management
• Articulate and implement Bridgeway's vision and mission
• Set and advance a positive, growth-oriented and collaborative culture within the organization
• Provide thought-leadership to guide and inform product offerings that benefit the small businesses and communities that the organization serves
• Ensure responsible financial management and manage to the annual and long term budgets
• Ensure compliance with all city, state and federal laws, regulations and funding requirements along with other grant or foundation funding reguirements
• Maintain and support a strong leadership team to ensure a continued high-performance culture across the organization
External Relations
• Communicate in a compelling and persuasive way with multiple stakeholders
• Maintain and grow relationships with both public and private funders and partners across the region and nationally
• Advocate for policies and programs that support the mission of Bridgeway
• Form partnerships and work collaboratively with other organizations and stakeholders to accomplish goals
• Assure the integrity and growth of the Bridgeway brand, including the development and execution of external communication efforts
Product Development
• Provide the strategic thinking required to ensure Bridgeway's products and activities evolve to meet the needs of the communities it serves
• Lead staff in consistent and meaningful product innovation
• Ensure that all lending programs are executed with financial performance in mind and are aligned to Bridgeway's mission, vision and community priorities
• Assure outcomes are achieving mission, vision and intent and that a rigorous method of continuous improvement is active across all parts of the organization
• Establish a rigorous and collaborative process for evaluating new opportunities and products for impact

Responsibilities:

CANDIDATE PROFILE
The ideal candidate will have the following professional and personal skills, competencies and characteristics:
A Passion for the Mission
With a deep belief in the need to change communities and a true commitment to social impact, the President and CEO will embrace Bridgeway's history of working alongside communities and small businesses as they contribute to their own success. The President and CEO will be an inspiring and genuine leader, with the ability to earn the respect of a variety of stakeholders. This individual will embrace social justice values and embody a respect for diversity in all its forms.

Requirements:

Strategic Vision
The President and CEO will be a strategic thinker with a high level of integrity and the ability to work with the Board, staff and external partners on a vision for the future trajectory of Bridgeway. Experienced in collaborative strategic planning efforts, s/he will be excited to explore opportunities for increased impact across the region and demonstrate a track record of thinking creatively to grow organizations. The President and CEO will adopt an entrepreneurial approach to expanding and deepening new and existing support from funders both locally and nationally to support the planned growth. They will have a record of raising substantial capital funds and sustaining relationships with sources of funding.
External Presence and Partnership Orientation
An articulate, informed and passionate public speaker, the President and CEO will represent Bridgeway as a leader in the areas of community and economic development and reinforce its strong, positive reputation in the market. This individual will be able to effectively articulate and convey Bridgeway's mission and priorities to a wide range of stakeholders including businesses, foundations, banks, government agencies, community partners, the Board of Directors and staff and have a demonstrated track-record of raising substantial capital funds from these partners. The President and CEO will continue to seek opportunities to promote Bridgeway both regionally and nationally.
Business and Management Acumen
The President and CEO will possess significant financial acumen and the ability to set priorities decisively, delegate responsibilities, assure accountability and allocate resources to ensure results. This individual will demonstrate the ability to build pipelines for existing products and to also develop new offerings to expand impact all while balancing financial performance with positive community outcomes. The President and CEO will have a track record of motivating, developing and retaining a strong team to achieve impact through creativity and teamwork and leveraging individuals' strengths to meet goals.
A Bachelor's degree is required; an advanced degree in a related field is preferred.

Compensation:

CONTACT
Erin Reedy and Alicia Salerno of Koya Leadership Partners have been engaged by Bridgeway to help in this hire. Please submit a compelling cover letter and resume here.
Bridgeway is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
ABOUT KOYA LEADERSHIP PARTNERS
Koya Leadership Partners is a national retained executive search and human capital consulting firm that works exclusively with mission-driven organizations, institutions of higher education and social enterprises. We deliver measurable results, finding exceptionally talented people who truly fit the unique culture of our client organizations and ensuring that organizations have the resources and strategies to support them. For more information, visit www.koyapartners.com.

Apply here: http://www.Click2Apply.net/cs5x8k5bzwgxn8kb

PI105889293

How to Apply:

Apply Online

Commercial Loan Processor Craft3
Astoria, OR
Job Function: Financial Services
Posted: November 27, 2018

Background:

Craft3 is a nonprofit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience throughout Oregon and Washington communities. We do this by providing loans to entrepreneurs, nonprofits, individuals, including those without access to traditional financing. We then complement these financial resources with our expertise, professional connections and other advocacy for our clients. Learn more at www.craft3.org

Position Summary:

POSITION PURPOSE
Responsible for providing on-going preparation and monitoring of customer documentation and loan servicing functions; coordination of lending process including loan documentation and closing; gather and compile data and prepare various reports; billings, payments and collateral filings; create and maintain loan files (either electronic or paper) for audit and review by external or internal staff; deliver correspondence to multiple parties, and provide excellent customer relations. Provide on-going support to portfolio administration, lending, and risk management teams.

Responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES include some or all of the following and are not intended to be all-inclusive. Craft3 reserves the right to change, add or delete responsibilities and duties as seen fit. An employee’s specific job duties, priorities, and performance expectations are detailed in his/her individual performance plan.

Portfolio Administration
• Set up and maintain electronic files following established standards, ensuring protocols for electronic file set up and maintenance are adhered to.
• Integrate and format loan files obtained from the procurement of third-party loan portfolios.
• Provide support for implementation of annual portfolio audit.
• Provide administrative support to lending team and risk management.
• Update Portfolio Administration Guide SOP as delegated.
• Research and resolve commercial loan related problems and respond to internal and external inquiries.

Loan Servicing
• Responsible for securing and releasing insurance interests and accurately perfecting collateral including but not limited to: Deeds of Trust/Mortgages, Preferred Marine Mortgages, UCCs, and vehicle titles
• Manage client correspondence and servicing and provide assistance to risk management and lending staff in their efforts.
• Prepare loan payoff statements and reconveyances timely and with accuracy.
• Provide annual loan history statements and applicable tax reporting documents (Form 1098).
• Enter and maintain loan data in Craft3’s loan servicing systems, ensuring data integrity and quality; address any discrepancies in data accuracy in a timely manner with lenders and Risk Management.
• Keep accurate notes and covenants in CRM to ensure compliance with all reporting requirements.
• Manage real estate collateral details in property tax monitoring system.
• Independently conduct loan file audits to ensure data and system integrity.
• Work with Finance to create monthly internal and quarterly external reports; identify and correct errors, in consultation with others.
• Protect the confidentiality of all customer information.
• Process closed and completed or paid loan files.
• Work with other team members to resolve errors and to prepare “lessons learned” to support a culture of continuous improvement across commercial lending.
• Continuously review processes, reports, and systems with an effort to identify and implement efficiencies in consultation with others.

Requirements:

MINIMUM EDUCATION AND WORK EXPERIENCE REQUIREMENTS
High School Diploma or equivalent required. Minimum three years related experience and/or training clerical experience in a commercial lending environment; including loan processing, documentation, funding, and strong administrative skills.

Compensation:

Craft3 offers a competitive salary of $38,500 - $64,500 annually, based on experience and skills. Craft3 offers an excellent benefits package including medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, wellness program, transportation, flexible schedule, and 403B Retirement savings plan with employer match.

How to Apply:

Application deadline is Friday, December 21, 2018.
Complete job description and online application at: www.Craft3.org/Careers/Jobs, or copy and paste this URL into your web browser:
https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....

For more information on our benefits, visit our website at: www.Craft3.org/Careers/benefits

Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.

Director of Lending Operations Capital Impact Partners
Arlington, VA
Job Function: Lending/Loan Operations
Posted: November 26, 2018

Background:

Capital Impact Partners, headquartered in Arlington, VA, operates nationally, with local offices in Detroit, MI, and Oakland, CA. For over 35 years, Capital Impact Partners has been a nonprofit mission driven lender that has supported the development of low-income underserved communities nationwide, focusing in five key sectors - health care, education, healthy foods, housing and aging. Capital Impact is also supporting the redevelopment of Detroit through multiple partnerships with banks and foundations.

Position Summary:

Capital Impact Partners seeks a Director of Lending Operations to strengthen the Loan Servicing, Loan Accounting, Construction and Closing, Fund and Program Operations, and Data Reporting teams. The Director of Lending Operations is directly responsible for the management of the operational risks associated with Capital Impact Partners’ robust, complex, and growing lending business. The Director will work closely with the Chief Risk Officer (CRO) regarding vision, processes/procedures, enterprise risk management, and information management needs. The Director will collaborate with direct reports and other adjacent teams to ensure consistent and efficient operations that reliably support the lending business, the lending products in use and being developed, and the information transfer and communication within the Operations group. In addition, the Director will ensure active management and oversight of data capture and use, and maintain strong cross-group collaboration for loan and borrower management.

Responsibilities:

Loan Servicing: Provide oversight to the Manager of Loan Servicing and ensure that the day-to-day activities of the loan administration function adhere to policies and procedures, guaranteeing that said policies are kept current and reflect the ongoing business requirements of Capital Impact’s lending activities;
Construction and Closing: Provide oversight to the Manager of Construction Services and the Closing Manager to ensure that critical functions related to construction management, disbursements, document management, and the closing process are efficient, clear, have the proper controls and reviews in place, and are aligned with Capital Impact’s lending products and initiatives;
Fund and Program Operations: Provide oversight to the Manager of Fund and Program Operations to identify methods for automating work, either with existing systems or in identifying supporting systems. S/He will be responsible for an efficient and documented workflow, clear procedures, effective coordination between the Operation group and the Originations and Legal teams;
Loan Accounting: Provide oversight to the Senior Manager of Loan Accounting to ensure that activities, reviews, approvals, and controls are sufficient for the balancing of the loan accounting system and the information reported in the general ledger, while also ensuring that the department is working efficiently and accurately;
Data Reporting: Provide close coordination with the Chief Risk Officer, Director of Portfolio and Asset Management, and the Finance Department to oversee the reporting functions for lending and portfolio management, including routine and special reports related to the portfolio;
Compliance and Audits: Act as the liaison between the Accounting/Finance and Compliance departments in matters involving compliance related to lending data reporting; loan administration, such as loan payment activity; external audits by financial auditors; external credit audits; and internal control audits.

Requirements:

Bachelor’s degree in Business, Finance, or Accounting. Advanced degree in either Accounting or Finance preferred
10 or more years of operational experience in the financial services or accounting industry
7 years experience managing a multi-functional group, with the ability to direct and influence others and gain support for ideas and initiatives
Knowledge of and experience in operational excellence practices (Lean Six Sigma, etc.)
Experience with establishing key metrics for performance indicators
Working knowledge of lending operations, technology, and processes; extensive understanding of the lending ecosystem and concepts
Knowledge of loan structures and credit documentation
Experience with the servicing function and an understanding of general ledger and reconciling functions
Demonstrated experience interacting with external auditors and rating agencies
Excellent verbal and written communication skills
Strategic thinker with strong analytical and problem-solving skills and attention to detail
Ability to manage multiple priorities while maintaining performance and professionalism
Proficiency with Microsoft Office (particularly Word, Excel and PowerPoint), Google Suite, McCracken Loan Accounting Servicing, and other related systems
Excellent time management skills, self-motivation, creativity, and initiative

Compensation:

$125,000 - $155,000

How to Apply:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....

Construction Services Manager Capital Impact Partners
Arlington, VA
Job Function: Project Management
Posted: November 26, 2018

Background:

Capital Impact Partners, headquartered in Arlington, VA, operates nationally, with local offices in Detroit, MI, and Oakland, CA. For over 35 years, Capital Impact Partners has been a nonprofit mission driven lender that has supported the development of low-income underserved communities nationwide, focusing in five key sectors - health care, education, healthy foods, housing, and aging. Capital Impact is also supporting the redevelopment of Detroit through multiple partnerships with banks and foundations.

Position Summary:

Capital Impact Partners seeks a Construction Services Manager to strengthen its Closing and Construction Group. The Construction Services Manager is responsible for daily oversight and management of the Construction Services Specialists. The ideal candidate will have a passion for work in community development and social impact, 4-6 years of experience in managing a construction loan closing checklist, understanding of loan structures and documentation, and experience in commercial construction loan administration. Knowledge of New Markets Tax Credits (NMTC) and Community Development Financial Institutions (CDFIs) is helpful.

Responsibilities:

The Construction Services Manager will:
Initiate calls and communication with new/prospective construction loan borrowers and will provide support to the Closing team for collection and review of construction loan documents for construction loans pre-closing;
Work closely with the Closing Manager, Lending staff, and the Legal team to address pre-closing issues, resolve problems during the construction period, and closely manage the unique risks of construction lending;
Participate as required, on assigned loan closing calls and review all construction-related contracts, legal documents, and loan documents; and
Facilitate monthly training sessions for Construction Services staff as well as bi-annual training sessions for the Lending staff.

Requirements:

Bachelor’s degree required
3-5 years working in a lending environment
1-2 years of managing one or more direct reports
Extensive experience in commercial construction loan management
Knowledge of various kinds of insurance coverage, understanding of insurance language, and understanding of the claim and renewal process, as it relates to construction lending
Ability to analyze due diligence reports required to underwrite a commercial real estate loan; able to refer to credit guidelines regarding due diligence; understanding of closing checklist items
Expertise in various loan structures, including multiple-party involvement and investor-funded lending initiatives
Effective attention to detail, work style, multi-tasking, and oral and written communication
Excellent client relations, both internal and external
Capacity for independent and team-based work for improved efficiency and knowledge sharing
Proficiency in Microsoft applications, SalesForce, Google Suite, and Moody’s Lending Cloud
Willingness to learn and use in-house software systems as needed

Compensation:

$90,000-$110,000

How to Apply:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....

Social Enterprise Consultant The ICA Group
Northampton, MA
Job Function: Other
Posted: November 20, 2018

Background:

We believe worker ownership is an integral part of creating a fundamentally fairer economy where every person has economic security and access to valued, dignified work. The ICA Group is the country’s leading expert on worker ownership and the oldest national organization dedicated to the development of worker cooperatives. We are a mission driven non-profit organized as a worker cooperative that brings to the worker ownership sector a level of analysis and rigor offered by the most competitive national business advisory firms. We combine this with a deep understanding of worker ownership and other worker-centered structures and a commitment to serving low-wage workers and communities of color.

Position Summary:

The ICA Group is working to transform the care sectors (child care, home care) through cooperative ownership models. This staff position plays a critical role in putting our strategy and mission into practice. They will perform a variety of direct business support services to businesses in the care industries, including legacy businesses, businesses converting to cooperative ownership, and cooperative business development projects. Clients will range from micro to midsize businesses operating in low and moderate-income communities nationwide. This a unique opportunity for an early-to-mid career professional to use and develop their business skills for social good.

This is a full-time position based in our Northampton, Massachusetts office and requires a fair amount of travel. Candidates with the requisite skill set located in one of the following metropolitan areas will be considered: Chicago, IL; Philadelphia, PA; Detroit, MI; Jackson, MS; New York City, NY; or Boston, MA.

Responsibilities:

Key responsibilities of this position include:

Client Support (60%):
Advise clients in business best practices, methods, and techniques.
Provide direct technical assistance to small business clients through the development of financial models, operational assessments, business plans, marketing plans, loan proposals, and related business development requirements.
Act as a content expert related to business and industry wide strategies designed to positively transform service sector occupations.
Provide advice, assistance, and professional referrals in the establishment and maintenance of business and financial records and recordkeeping system.
Monitor TA activities and effectiveness of results, and prepares reports as appropriate.

Client Outreach (30%):
Participate in the development, promotion, coordination, and delivery of business training programs, conferences, and workshops.
build relationships with businesses and identify opportunities to establish cooperative ownership models.
Engage with local groups and organizations that promote and engage with businesses and economic development initiatives in ICA’s program service areas.
Support communications staff in developing and disseminating direct outreach campaigns (mailers, email blasts, social media campaigns, etc.)

Organizational Development (10%)
Identify and deliver insights from clients that will be broadly applicable to other areas of ICA’s work.
Contribute to the ICA’s strategy and communications by developing consulting tools and resources, generating research from client work, and serving as a subject matter resource.

Requirements:

The successful applicant will be able to work independently and excel under pressure to meet deadlines. Candidates must be able to relate well to a broad constituency, including small business owners, leaders of community-based organizations, union officials, financial professionals, and company executives. We are looking for an exceptional, dedicated person with superior technical and professional skills. Curiosity, intelligence, and enthusiasm are all key attributes for this position. Successful candidates should have:

Three to five years of relevant work experience
Familiarity with the principles and practices of small businesses, basic business accounting, and successful business loan proposals
Demonstrated success in training, presenting, organizing, or other outreach activities
Demonstrated ability to build relationships with diverse clients and stakeholders
Outstanding analytical and quantitative skills
Ability to successfully meet multiple project deadlines on tight time frames while producing exceptional results
Fluency in Spanish (preferred)
This is highly satisfying work in a diverse and stimulating environment. The ICA Group is an Equal Opportunity Employer. Women and people of color are strongly encouraged to apply.

Compensation:

Salary range: $55,000-$70,000. ICA’s salary range considers candidates experience and local cost of living.
Benefits package includes 4 weeks of vacation, 12 paid holidays, 8 days of sick leave, and health insurance

How to Apply:

Please email a resume, cover letter, and writing sample (as a single PDF attachment) to careers@ica-group.org, addressed to David Hammer. Please submit your application using the subject line: “Application for Social Enterprise Consultant”: [Your First and Last Name]”

No phone calls, please. We will call candidates to schedule interviews. We will accept applications until we fill the position.

The ICA Group is an Equal Opportunity Employer that seeks to create an organization that is reflective of the people we serve. Women and people of color are strongly encouraged to apply. We will not discriminate and will take affirmative action measures to ensure against discrimination in employment, recruitment, advertisements for employment, compensation, termination, upgrading, promotions, and other conditions of employment against any employee or job applicant on the bases of race, color, gender, national origin, age, religion, creed, disability, veteran’s status, sexual orientation, gender identity or gender expression.

Detroit Housing & Community Development Specialist Capital Impact Partners
Detroit, MI
Job Function: Research and Analytics
Posted: November 19, 2018

Background:

Capital Impact Partners, headquartered in Arlington, VA, operates nationally, with local offices in Detroit, MI, and Oakland, CA. For over 40 years, Capital Impact Partners has been a not-for-profit mission driven lender that has supported the development of low-income underserved communities nationwide, focusing in five key sectors - healthcare, education, healthy foods, housing and aging. Capital Impact is also supporting the redevelopment of Detroit through multiple partnerships with banks and foundations.

Position Summary:

Capital Impact Partners seeks a Detroit Housing & Community Development Specialist to strengthen its Equity & Impact Strategies Team. The Detroit Housing & Community Development Specialist is responsible for executing Capital Impact’s Detroit-based programmatic activities specific to resident retention, affordable housing and community development.

Responsibilities:

JOB RESPONSIBILITIES:

Develop relationships with local community-based organizations (CBOs); design and manage partnerships to further connect CBOs with Capital Impact’s existing programming
Collaborate with resident retention program partners to continue to manage the strategic direction of those efforts through project management, program evaluation and program development
Act as a liaison to local, regional and state level trade associations, coalitions and advocacy groups working in the community development and affordable housing space
Identify, scope and recommend additional opportunities for Capital Impact’s affordable housing efforts in Detroit
Support the Detroit Program’s grant-related activities, including proposals and reporting
Manage contractors to support program work and operations
Contribute to integrated communications strategy

Requirements:

Bachelor’s degree required
Advanced degree in Policy, Urban Planning, Social Work or related field preferred
Familiarity with successful models for affordable, mixed-income housing and successful community development systems
Demonstrated experience implementing affordable housing and community development strategies
Working knowledge in public policy development and public sector engagement
Strong program development, program management, and relationship management skills
Ability to work both independently and in a team environment
Ability to engage leaders around common interests
Exceptional, concise writing skills, including the ability to synthesize complex issues into briefs/reports
Collaborative and data-driven approach to decision-making
Excellent analytical and research skills
Expertise in Microsoft Office, Google Suite and related software programs
Proven experience in the Detroit, MI market a plus

Compensation:

$55,000 - $65,000

How to Apply:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....

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