At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through integrated financial and philanthropic services that generate positive social and environmental impact while fostering community and collaboration among participants.
With a 35 year track record of deploying loans, grants, and other catalytic capital to social enterprises, RSF is recognized nationwide as a leader in the field of social finance. As an organization of fewer than 50 employees, RSF’s approach is to grow our team by adding one person at a time. In doing so, we identify and seek a particular set of skills and experience to meet specific organizational needs. At the same time, we seeking candidates who align with our mission and values.
Core to RSF’s work is its flagship Social Investment Fund, a $140M senior debt fund that supports high impact non-profits and for-profits that operate in the fields of sustainable agriculture, education & the arts and ecological stewardship. The fund is capitalized by investments from over 1,700 individuals and the income derived from the fund covers the majority of RSF’s annual operating budget. RSF is seeking a new Senior Director of Credit who will thrive in a collaborative environment where financial innovation is combined with sound credit decisions. The Senior Director of Credit will oversee all aspects of underwriting and portfolio management for commercial loans that include mortgage loans, constructions loans, asset-backed lines of credit and equipment term loans. Beyond these primary duties, the Senior Director will also contribute to enhancing the organization’s internal operations, external offerings, and business model strategy, and will serve as a thought partner to other team members, helping bring to life new and emerging concepts to better achieve RSF’s mission. This role works closely with the Executive Team and Board Credit and Finance Committees to make key decisions.
Manage Credit Team
Define, develop, review, and implement credit policies and procedures across a spectrum of products.
Oversee the loan approval process and participate in underwriting complex credit relationships to meet RSF’s standards for credit quality, social impact, and revenue targets; structure new deals.
Oversee underwriting and annual review process to underwriters and mentor them on how to underwrite transactions with increasing complexity.
Ensure high and well managed credit risk quality of RSF’s credit portfolio of existing loans to ensure it meets RSF’s short and long-term strategic goals.
Facilitate RSF Credit Committee and Board Loan Committee.
Knowledge, Skills, and Abilities:
Must have a minimum of 10 years of credit underwriting, structuring and administration experience, including asset and cash flow-based credit analysis skills, financial modeling skills, commercial loan structuring and risk management.
Minimum 5 years direct and indirect supervisory and/or client relationship management
Experience in relationship management or business development.
Familiarity with and passion for the impact investing sector, social enterprise, or one of RSF’s focus areas is preferred.
Expert knowledge of for-profit and non-profit accounting, advanced credit analysis and financial modeling.
Proven experience implementing credit and loan policies and procedures including systems improvements.
Demonstrated ability to coach and mentor team members so that they achieve their full potential and gain technical expertise to contribute to a well-managed lending culture.
Must be available to occasionally work outside of regular office hours when needed
Some travel may be required
Compensation & Benefits:
The expected initial salary for this position is expected to be in the $140K range. Other benefits include:
A fulfilling work environment at a supportive and entrepreneurially-driven organization
A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
Very generous vacation and sick leave benefits plus nine paid holidays per year
403(b) plan with employer-paid contributions after one year of employment
Exposure to innovative ideas, projects, and collaborative staff activities
Access to numerous professional development opportunities
How to Apply:
Please submit your resume via e-mail to HR@rsfsocialfinance.org along with a thoughtful cover letter. In the cover letter, please explain why you are interested in the mission, values, and activities of RSF Social Finance. Please also tell us why your skills and experience would make you successful in this role.
In the e-mail subject line, please write “Senior Director, Credit”.
Please note that applications without a cover letter will not be considered. No phone calls please.
Applications will be accepted on a rolling basis.
RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply.
Be a part of our team and help make a difference in our community! Alternatives Federal Credit Union is a non-profit Community Development Financial Institution. We are dedicated to building wealth and creating economic opportunity for those who are underserved in our community.
About Alternatives Federal Credit Union:
Alternatives Federal Credit Union is a $110 million dollar asset Community Development Financial Institution (CDFI) serving the Ithaca community and surrounding region. Founded in 1979, Alternatives is a complex financial institution composed of three inter-related non-profit groups working together to provide asset-building opportunities for the region. Alternatives’ mission is to build wealth and create economic opportunity for underserved people and communities. Beyond traditional credit union services, Alternatives combines loan products with financial education and other community programs. Alternatives is a leader in CDFI work and is recognized worldwide for its contribution in this area. For more detailed information about Alternatives, please visit our website at alternatives.org.
Alternatives is currently hiring for the new position of Chief Experience Officer. The Chief Experience Officer works in collaboration with the CEO, Board of Directors, Executive Team, and staff to create, work towards, and coordinate the overall strategic direction and progress of the organization.
● Collaborates on strategic and tactical plans
● Collaborates on all aspects of the member experience to ensure Alternatives offers a consistent experience (brand/message/service continuity) to members across all delivery channels and touch
● One of primary voices and strategists for public relations and media contact
● Works with all stakeholders to align the member experience and program integration
● Identifies and prioritizes short and long-term objectives which support the Mission and Strategic Plan
● Acts as a liaison to ensure every department’s business objectives are aligned with fulfilling the brand strategy and mission
● Develops a culture that promotes high engagement for all staff
● Ensures goals are well communicated and understood, creating a collaborative environment, building confidence and trust, and creating cooperation among team members in achieving goals
● Leverages data mining initiatives for various purposes such as demonstrating impact and identifying marketing and outreach opportunities
● Direct supervision of Marketing Director
● Coaches staff to embody cultural values, delivery expectations, and create a consistent experience for Alternatives members
● Assures that marketing and brand experience are sufficiently strategized, implemented, supported, and embedded into the delivery of product, service, and all Alternatives’ initiatives
● Oversees Marketing Department strategy, budgeting, outcome tracking, and reporting
● Manages internal communications to best achieve marketing strategy, outreach goals, staff participation, and serving member needs
● Develops and oversees a coordinated effort of outreach, networking, and ambassadorship which includes training for staff, board, and others to maximize aligned community and external
interaction with a personal and consistent message about Alternatives
● Direct supervision of Development Director
● Assist finding new sources of fundraising
● Assist building and maintaining relationships with funders
● Integrating Development outreach with Marketing and Community Programs outreach
● Collaborating with data analytics efforts to track data and demonstrate impact
Mission and programs leadership
● Leads coordination of outreach for both Alternatives’ community programs initiatives and marketing
● Develops and maintains coordinated relationships with community partners, trade associations, and relevant third parties
● Assist in streamlining services and identifying opportunities for innovative solutions that continue to financially empower members and differentiate Alternatives in the marketplace
● Measures ongoing effectiveness of each of Alternatives’ community programs and identifies improvement opportunities that evolve with member needs and expectations
● Promotes innovation by encouraging staff closest to members to be participatory and communicate ideas and member developing needs so Alternatives may consider meeting these needs with
product offerings, services, and programs
● Champions the Credit Union and Community Development Financial Institution movements, especially regarding Community Development Credit Unions
Skills and competencies
● Possesses exceptional verbal and written communication skills to deliver presentations on complex topics to management, the board, committees, funders, politicians, and outside groups
● Ability to draft and articulate creative content related to all aspects of Alternatives, both independently and collaboratively including managing efforts of others
● Knowledge of consumer, business and real estate lending policies, procedures, regulations, and systems
● Knowledge of operations policies, procedures, regulations, and systems
● Skilled in leveraging critical relationships and communicating effectively with key stakeholders to articulate and influence change
● Excellent analytical and problem-solving skills
● Proven leadership skills with the ability to motivate, inspire, and engage
● Strategic thinker, business acumen, financial and project management
● Dynamic public speaking, relationship building, helping inspire the staff and public to action
● Perceptive ability to relate to individuals at all levels
● Excellent interpersonal skills and diplomacy needed in dealing with members, staff, Board, the media, government officials, third parties, community partners, and the public
● Ability to work in a fast-paced environment and multi-task under pressure
Education and experience
● Bachelors and preferably Master’s Degree in related field
● Preferably a minimum of ten years of experience in the Community Development Credit Union industry, and/or Community Development Financial Institution industry.
Compensation is negotiable based on based on experience and competencies
How to Apply:
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, (including pregnancy, gender identity, and sexual orientation), national origin, citizenship, disability, military leave or veteran status, genetic information, or any other status protected by applicable federal, state, or local law. Interested applicants should apply online at alternatives.org.
The Sorenson Impact Center is hiring a Senior Associate in the field of marketing and social impact to manage an Opportunity Zone project which will ultimately improve outcomes for citizens of distressed communities. The ideal candidate will support the development and implementation of strategic planning and marketing programs by conducting market research, analyses, and assisting in the design and implementation of marketing strategies and materials using a variety of advertising media. The ideal candidate will be someone who is passionate about leveraging media to champion social impact.
This position will join a team of highly collaborative and motivated professionals working on a wide range of social policy issues, from homelessness to early childhood outcomes. Our goal is to improve policy and practice at the local, state, and federal levels through research and through providing technical assistance on how to implement evidence-based solutions and innovative financing strategies (such as Pay for Success / Outcomes-based Financing) to serve vulnerable populations. The position will be responsible for contributing to projects across the Sorenson Impact Center’s government, nonprofit, and social policy portfolios.
1. Develops new and updates existing web platforms.
2. Creates branding, logo marks, and brand guidelines.
3. Prepares and writes reports, speeches, talking points, press releases, email campaigns, and film scripts.
4. Creates graphic illustrations, social media campaigns, advertisements, decks, and presentations.
5. Coordinates special projects related to Opportunity Zones.
6. Assists in the conceptualization and execution of major campaigns.
7. Communicates with PR, media groups, and contractors regarding current and future advertising campaigns.
8. Manages marketing student fellows/associates.
9. Other duties as assigned
Requires a Bachelor’s degree in a related area of assignment or equivalency; two years of related experience. Demonstrated human relations and effective communication skills required.
Prior work experience related to marketing in social impact is preferable.
$39,300 to $72,700 DOE
How to Apply:
The Sorenson Impact Center is hiring a Senior Associate in the field of social impact to manage an Opportunity Zone project which will ultimately improve outcomes for citizens of distressed communities. The ideal candidate is passionate about social impact, has experience in project management roles, and is a self-starter who can take ownership of a multi-stakeholder project.
The Sorenson Impact Center is embarking on a project to develop and award a series of prizes for socially-impactful Opportunity Zone projects. Opportunity Zones (OZs) were created as a part of the Tax Cuts and Jobs Act of 2017. The legislation encourages investment into OZs, designated low income communities across the US, by providing significant tax benefits to those investors that choose to deploy capital into these designated zones. One criticism of the OZ program to date is that there aren’t any mechanisms in place to ensure that capital is deployed into these communities in ways that are aligned with community needs and benefit the citizens of these zones. This Sorenson Impact Center project intends to create an incentive for socially-impactful investment in these communities. This primary focus of this position will be project management of this “Opportunity Zone Prize” project.
This position will join a team of highly collaborative and motivated professionals working on a wide range of social policy issues, from homelessness to early childhood outcomes. Our goal is to improve policy and practice at the local, state, and federal levels through research and through providing technical assistance on how to implement evidence-based solutions and innovative financing strategies (such as Pay for Success / Outcomes-based Financing) to serve vulnerable populations.
Successful candidates will be able to demonstrate a strong interest in one or more of the following topics: evidence-based policy making, social impact investment and finance, local governance and public-sector capacity building, or a related field.
1. Develop an overall project management plan, as well as supporting project management materials, to ensure successful completion on the project.
2. Work with multiple stakeholders across multiple work-streams to maintain project timeline.
3. Contributes to the planning and execution of events, meetings, and domestic travel related to the Prize.
4. Maintain timely correspondence with Prize participants, funders, and developers.
5. Assists in the development of Prize website, application materials, evaluation criteria, presentation materials, manuscripts, and any other required materials.
6. Excellent communication and organizational skills are a must.
7. Other related duties as assigned
Requires an associate’s degree in a related area and 2-4 years of experience in the field or in a related area. Familiar with relational database concepts, and client-server concepts.
Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.
Prior work experience or public policy related research experience is preferable. Work history and with federal, state, or local policymakers, philanthropic and/or non-profits leaders, is a plus.
$39, 300 to $72, 700 DOE
How to Apply:
In September 2018, Northern Initiatives celebrated 25 years of committed service as a Community Development Financial Institution. We specialize in supporting the launch and growth of small businesses - offering money (more than $65 million through 1,100 in loans) and know how. Our customers have created more than 5,000 jobs and continue to enable their communities to thrive.
With total assets of $29 million, NI lends broadly across Michigan and Northern Wisconsin and supports place-based initiatives. Our passion is being a catalyst for local, impactful and sustainable businesses, especially in rural and minority urban communities.
A UNIQUE OPPORTUNITY
The President & CEO of Northern Initiatives has a unique opportunity to serve, make impact, enable social purpose, lead a highly qualified and expanding staff and work with a strong, geographically diverse Board of Directors. Our future leader will be an innovative doer who drives the continued growth of an organization that has cutting edge systems and robust processes; a strong network of partners, supporters and friends; a warm and friendly cultural climate and the opportunity for work / life balance.
This position is responsible for the overall leadership, strategy, and stewardship of the organization. We are seeking a socially conscious and passionate leader who is financially astute and able to inspire commitment and facilitate advancement of the mission, goals and objectives of NI.
The ideal candidate will:
• Be a person of high integrity and character who embraces and lead change.
• Have a vision for and understand how to strengthen NI’s position in existing markets, expand to new markets and enhance the organization’s financial sustainability and impact reporting.
• Demonstrate ability to work with a Board of Directors in crafting a vision, strategy and multi-year direction for the organization.
• Demonstrate curiosity about and understanding of the communities, markets and businesses that we serve as well as the ability to grow systems and services to meet customer needs.
• Possess a combination of vision, strategic and operational management abilities. Has knowledge and experience in all aspects relevant to running a nonprofit financial institution including accounting, budgeting, policies and practices, strategic planning, investments, lending, advisory service delivery, human resources, marketing, information technology systems, regulatory requirements and risk management.
• Demonstrate knowledge and skill in developing and maintaining strong relationships throughout the NI service area with current and potential stakeholders including community leaders, banking institutions, funders, community and economic development organizations, government and other civic institutions.
• Have experience securing funding for all business operations from multiple sources including philanthropy, financial institutions, government, etc.
• Have a solid understanding of small businesses; is familiar with urban, suburban and rural communities across the Great Lakes region and is abreast of local, regional and national economics including innovations in the CDFI industry as well as impact investing industries.
• Be skilled in selecting, managing, coaching, motivating and developing staff. Able to provide clear direction, goals, appropriate support and collaborative strategies.
• Be knowledgeable of and astute concerning community and cultural dynamics, equity, inequality and underserved populations.
• Have 7+ years of leadership experience including managing a multi-million-dollar budget.
• Provide leadership in fundraising and capitalization by overseeing development strategies and serving as a liaison to major development partners and funders.
• A bachelor’s degree is mandatory. A master’s degree is preferred.
• Ability to run a company headquartered in Marquette, Michigan.
• Some prior experience with nonprofits at the board or management level.
• Flexibility to travel across the Great Lakes region and beyond at least 25-40% of the time.
This is a full-time position. Compensation is commensurate with experience. Benefits include: health, vision, and dental insurance; flexible spending account with employer contribution; 403(b) with employer contribution; paid time off for certain holidays, sick days and vacation days; flexible hours.
How to Apply:
Please submit your resume and a cover letter to: CEOsearch@northerninitiatives.org.
For more information about Northern Initiatives, go to: www.northerninitiatives.org.
Florida Community Loan Fund (FCLF) is a nonprofit lending institution providing capital and expertise to make projects successful and help organizations improve lives and low-income communities throughout the Sunshine State. Established in 1994, FCLF operates statewide from a network of offices in Orlando, Tampa, Sarasota, Fort Lauderdale, and Miami. FCLF financing has helped more than 175 organizations succeed in their projects, providing over 340,000 Floridians annually with housing or social services through 325+ lending transactions to projects totaling over $980 million. FCLF became Florida’s first certified statewide Community Development Financial Institution in 1996 and has been certified as a Community Development Entity since 2004.
Currently, FCLF has $71 million in total assets, a staff of 18, and an operating budget of $5-6 million. It has a growing loan portfolio of $65 million and has closed $232 million in New Markets Tax Credit investments. FCLF Strategic Plan emphasizes significant growth over the next 5 years and we are adding staff now to keep pace with this growth.
FCLF is seeking two experienced Community Development Loan Officers to promote FCLF in Florida with a concentration in the greater Tampa and Central Florida areas. Successful candidates will identify potential projects to benefit not-for-profit enterprises, which would be funded by loans facilitated through FCLF.
- Engage in and build relationships in the local community to create or expand a presence for FCLF. Develop and nurture relationships with community leaders, funders, developers, nonprofit entity leaders and potential borrowers associated with development projects planned or underway within the community. Promote the potential strategies for utilizing FCLF financing to achieve community development objectives.
- Develop lending pipeline as a priority by identifying projects which would meet the lending criteria of FCLF. Also, identify potential projects for the New Markets Tax Credit (NMTC) program or other specialized lending programs in which FCLF participates.
- Obtain, underwrite, and analyze loan applications for commercial loans to support community/economic development projects based on criteria established for each program and loan policies within each program. Perform due diligence, site inspections, appraisal review, financial statement and pro-forma credit analysis, and credit evaluations of potential borrowers. Prepare credit memos and supporting documentation and present loans for review or approval to the Chief Lending Officer and/or Chief Executive Officer; or Lending Committee.
- Draft and coordinate with the FCLF portfolio administration staff or Chief Lending Officer to issue commitment letters and to facilitate loan closings and monitor loan advances and disbursements.
- Monitor borrower relationships for borrower needs or difficulties. Increase, extend, modify and restructure loans as needed. Mitigate loan portfolio risk through coordination of post-closing technical assistance, extensions, restructurings and work-outs.
- Assist in the preparation of monthly Lending Committee material by contributing to reporting. Participate in periodic portfolio evaluations including presentation of recommendations for loan grades. Assist in the preparation of periodic written reports regarding the status of loan request and applications.
- Partner with technical assistance providers to deliver training services to prepare potential borrowers for the borrowing process.
- Participate in the workshop, marketing and promotional activities and materials development for FCLF. Make workshop presentations and participate in forums which inform the public and special audiences about the opportunities for borrowers offered by the FCLF.
- BS degree in Finance, Business or equivalent combination of education and experience.
- A minimum of 5 years of experience in the commercial/community development/real estate lending, public finance and/or multifamily developmentfields is desired. Multiple sector experience is preferred.
- Demonstrated ability to source, evaluate and underwrite commercial lendingprojects, preferably in the community/economic development field.
- Knowledge of and experience in community development financial analysis; otherunderwriting experience is preferred.
- Ability and experience in delivering services consultatively to diverse constituenciesrequired.
- Experience working in low-income communities.
- Outstanding communication skills, both spoken and written.
- Maturity, initiative, and flexibility required.
- Ability to work independently and coordinate with others located across thestate.
- IT skills and the ability to quickly adapt to software.
- Analytical / quantitative analysis skills.
- Qualitative analysis and creative thinking skills.
- Organizational skills.
- Self-motivation skills.
- Research skills.
- Ability to meet deadlines and cope with pressure.
This position offers the unique opportunity to join an innovative organization with the vision and expertise to make a difference in disadvantaged communities throughout Florida.
- A competitive compensation package
- Very generous paid time off benefits program
- 403(b) plan with employer-paid contributions
- Opportunities to work with a dedicated team who are driven to aid distressed communities
How to Apply:
Please submit your resume via e-mail to email@example.com along with a cover letter which specifically outlines your experience in the following:
- Your experience in commercial banking and/or nonprofit lending
- Number of years and position(s) held In the e-mail subject line, please note to which position you are responding: Tampa or Orlando Loan Officer.
Applications without a cover letter containing the above information will not be considered. No phone calls please.
Situated in the heart of the scenic Rogue Valley, Medford, population 81,000, is the hub of Oregon's fourth-largest metropolitan area. Located along I-5 in southern Oregon, just 20 miles from the California border, Medford is surrounded by breathtaking mountains in a region featuring world-class outdoor recreation opportunities, including Crater Lake National Park and the Oregon Coast. As the largest city between Eugene and Sacramento, Medford is a growing city with a high quality of life, a growing economy and a moderate climate.
The City of Medford seeks a Grant Support Technician who performs a wide variety of professional and administrative services related to grant administration and departmental programs and activities. This position reports to the Housing and Community Development Principal Planner and will be working in the Planning Department.
These duties are a representative example; position assignments may vary depending on the business
needs of the department and organization. This position:
- Participates and/or assists in special projects relating to housing and community development and perform associated research and reporting requirements as assigned.
- Assists with the administration, compliance and reporting of existing grant programs, such as
- Community Development Block Grant, Neighborhood Stabilization, and General Fund Grant programs as well as the Construction Excise Tax program.
- Researches and interprets federal regulations for HUD's block grant programs (CDBG); coordinates preparation and submission of the CDBG Annual Action Plan, CAPER and 5-Year
- Consolidated Plan; assists Finance Department with reconciliation of all CDBG funds.
- Ensures activities comply with program regulations, monitors sub-recipients and vendors to ensure compliance with federal regulations.
- Updates the City's Housing and Community Development web page.
- Submits relevant reports as required by HUD; works with HUD auditors; prepares and coordinates execution of contracts and grant agreements; coordinates environmental review compliance of HUD-funded activities.
- Develops and implements the Citizen Participation Plan including coordination with citizens, non-profits, and elected officials; organizes community meetings.Provides backup assistance to interdepartmental staff as needed.
- Works independently and with teams to research and solicit new grant opportunities.
- Gives presentations to Commissions, City Council and other groups as necessary.
- Responds to inquiries from external organizations, agencies and citizens; determines and addresses issues; tracks outcomes to ensure customer service levels are met.
- Serves as a liaison to various boards and commissions; schedules meetings, prepares agenda packets, attends meetings, records minutes, and provides information to members as necessary; assists with new member recruitment activities as requested.
- Performs various clerical and administrative tasks and duties: performs routine data entry functions, processes correspondence, and prepares reports.
- Processes various requisitions, invoices, and purchase orders using City software programs to support and maintain timely and efficient processing.
- Scope of assigned area will depend on departmental and/or citywide operational structure and is at the discretion of the Principal Planner.
- Upholds the values of the organization and has strong customer service orientation.
- Must have the ability to handle job stress and interact effectively with others in the workplace.
- Must be honest and truthful in all tasks and responsibilities.
- Performs other related projects and duties as assigned.
- Demonstrates regular, reliable and punctual attendance.
- Three years of increasingly responsible administrative experience to perform the job effectively; experience working with Community Development Block Grants, federal and state grants, or other similar types of grant programs preferred; and
- Bachelor's degree in public administration, business administration, planning, or a related field and/or equivalent combination of education and experience sufficient to successfully perform the essential duties of the job such as those listed above.
- Current technical/professional knowledge of complex principles, methods, standards and techniques associated with the scope of work of a recognized profession, such as:
- Solid knowledge of Microsoft Office Suite.
- Public sector work experience desirable.
- Excellent verbal, written and interpersonal communication skills.
- Use computer and other office equipment effectively and efficiently.
- Presentation skills, written communication, and industry knowledge (governmental regulations).
- May require possession of a valid driver's license by date of hire. New employees establishing resident status in the State of Oregon must obtain an Oregon driver's license within 30 days (ORS 807.020 (1)).
- Requires completion of a background investigation to the satisfaction of the City.
$21.83 - $27.86 Hourly
$3,783.34 - $4,828.64 Monthly
$45,400.12 - $57,943.65 Annually
- Medical, vision, dental with minimal or no monthly premium cost for family coverage
- Life and long-term disability insurance
- Paid vacation, sick leave, and holidays
- HRA-VEBA medical savings account contributions
- Oregon PERS retirement contributions
- 457 Deferred compensation for retirement planning
- Medical and dependent care flexible spending (FSA)
- Aflac and LegalShield voluntary products
- On-site fitness center and wellness program
How to Apply:
City of Medford employment application must be completed online via the City's website www.cityofmedford.org by 4:00 p.m. deadline on Thursday, February 7, 2019. In order to be considered, please attach a resume and cover letter at the time you submit your application. The City of Medford complies with the Americans with Disabilities Act. If you consider yourself disabled and desire assistance in the application process, please contact the Human Resources Department by telephone: (541) 774-2010 or email: firstname.lastname@example.org.
ABOUT COOPERATIVE FUND OF NEW ENGLAND
The Cooperative Fund of New England (CFNE) is a community development financial institution (CDFI) founded in 1975 to provide financing and technical assistance to co-ops and community based nonprofits in New England and parts of New York. Since our inception, CFNE has loaned over $50 million from social investors in over 900 loans to new or expanding co-ops and nonprofit organizations. This financing has created or retained scores of jobs, thousands of units of affordable housing, and thousands of business ownership opportunities. Borrowers have brought necessities like food and education into underserved rural and urban communities. CFNE has experienced a remarkably high borrower repayment rate of over 99%, due in part to the broad community involvement required to successfully launch a cooperative. As a U.S. Treasury certified CDFI, CFNE predominantly serves households and businesses in low-income communities and is committed to working for economic, social and racial justice.
With an active and engaged Board of Trustees and a committed and experienced staff of seven spread across the region, CFNE is committed to:
• Providing financial products at reasonable rates
• Developing business skills within our borrowers
• Offering an investment opportunity that promotes socially conscious enterprise
For more information on CFNE, please visit www.cooperativefund.org.
CFNE seeks a highly skilled and collaborative leader to replace the organization’s long-time Executive Director upon her retirement and build upon its 44 years of growth and impact. Reporting to the Board of Trustees, the next Executive Director will oversee all management activities for the organization including, but not limited to, working with the Board of Trustees, leading strategic planning, preparing annual goals and actions for the organization, and monitoring the budget and performance of the organization. The Executive Director will lead a highly skilled and committed team of 7 staff who work from home offices throughout New England. The ideal candidate will be a proven and respected leader with a demonstrated commitment to economic, social and racial justice and will possess the skills to maintain excellence in the execution of a growing loan fund. The Executive Director will be excited by the opportunity to grow the organization’s impact on its target markets in the coming years.
Reporting to the Board of Trustees, this position is full-time, will be based remotely in New England, and requires travel throughout the region.
Key responsibilities of the Executive Director include:
Vision and Executive Leadership
• Represent and execute CFNE’s vision and mission; seek to update and strengthen a vision that is inclusive and able to bring CFNE into new markets and take on strategies required in the future
• Maintain a positive, supportive and collaborative culture within an organization that is virtual
• Partner with the Board on strategic organizational planning
• Plan and attend regular staff, Board and committee meetings (both virtual and in person) and assist with Board recruitment
• Ensure that CFNE is managed in a fiscally and socially responsible fashion, manage to the annual and long term budgets and ensure that financial statements, budgets and loan documentation are properly prepared
• Ensure compliance with all city, state and federal laws, regulations and funding requirements along with other grant or foundation funding reguirements
• Recruit, develop and maintain a strong remote team to ensure a high-performance culture and continued empowerment of the staff through education and mentoring
Program and Product Development
• Oversee loan portfolio and ensure that all lending programs are executed with financial performance in mind and are aligned to CFNE’s mission, vision and community priorities
• Maintain and develop relationships with financial partners, banks and loan funds and identify opportunities for loan participations
• Identify the need for, and provide access to, technical assistance for borrowers and prospective borrowers
• Ensure that CFNE’s products and activities evolve continuously to meet the needs of the communities it serves and proactively seek to ask and reach into new communities in an equitable manner
• Lead staff in consistent and meaningful product innovation
• Oversee the business development process with prospective borrowers and ensure that communications and interactions with all borrowers reflect the mission and principles of the organization
Resource Development/External Relations
• Serve as a positive and visible representative of CFNE with audiences and partners throughout the region and nationally
• Ensure that CFNE is able to identify the resources necessary for the financial sustainability of the organization and achievement of its mission
• Represent CFNE at conferences and with CDFI industry organizations, cooperative movement organizations, investors, borrowers, community advocates and other partners and stakeholders.
• Maintain and grow relationships with both public and private investors across the region and nationally and oversee the organization’s fundraising
• Advocate for policies and programs that support the mission of CFNE
• Form partnerships and work collaboratively with other organizations and stakeholders to accomplish goals
• Assure the integrity and growth of the CFNE brand, including effective marketing, outreach and promotion to investors, potential borrowers and partners alike
The ideal candidate will have the following professional and personal skills, competencies and characteristics:
• Deep commitment to the mission and values of CFNE
• 5+ years of senior leadership experience in the community development, lending or cooperative space
• Demonstrated success in team leadership, with a successful track record of inspiring a mission-driven team to achieve results
• Demonstrated success in identifying and securing resources to support an organization
• Strong financial management skills and experience with budgeting and forecasting
• Demonstrated commitment to diversity, equity and inclusion and an excitement about reaching into communities that CFNE has not yet fully accessed
• Exceptional presentation and communication skills, and the ability to serve as a compelling ambassador for CFNE with a variety of stakeholders
• High level quantitative and analytical aptitude along with strong problem-solving skills, in support of sound decision making
• Knowledge of branding and marketing techniques and a willingness to serve as a positive ambassador for the organization
• Strong interpersonal skills and a collaborative, energetic approach; eager to develop productive relationships with a diverse group of colleagues, the Board of Trustees, borrowers, investors, financial partners, and others who contribute to CFNE’s mission
• Willingness to travel within the community and nationally as needed to meet the organization’s goals
• Advanced degree in finance or related field preferred
How to Apply:
Erin Reedy and Shelby Woods of Koya Leadership Partners have been engaged by CFNE to help in this hire. Please submit a compelling cover letter and resume here.
Cooperative Fund of New England 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.
Small businesses and entrepreneurs are fundamental to building and sustaining vibrant communities. Creating accessible pathways to entrepreneurship provides economic opportunity for all. While securing adequate capital is one of the key indicators for successful and profitable new businesses owners, lack of funding is a barrier that disproportionately affects minority and female entrepreneurs. Businesses that use bank loans to start or expand their businesses are more likely to have higher sales and employment.
Entrepreneurship can be a source of economic stability for communities when there are limited employment opportunities. Women and minority owned businesses are increasing year over year – women of color in particular are a rapidly growing segment of new entrepreneurs in the United States. In Connecticut alone, minority owned businesses increased by forty percent over five years. However, even with this increasing diversity, women and minority business owners are not well represented. Supporting women and people of color to start their own businesses has the potential to result in significant economic growth for the entire country.
As a statewide not-for-profit Community Development Financial Institution (CDFI), we are revitalizing communities across Connecticut by helping local entrepreneurs launch successful businesses and access low-interest loans with flexible terms. Through strong community relationships, mentorship, and coaching, we transform aspiring entrepreneurs into thriving businesses owners. We are committed to making small business ownership accessible and equitable and building vibrant communities.
We are proud of our wide range of partnerships with governmental agencies, educational institutions, community groups and business organizations. Our success is rooted in our commitment our communities. As a team, we strive to meet both our individual client and local market needs, to collectively provide successful community development outcomes across the state of Connecticut.
We seek a new Business Development Underwriter to join our Hartford-based team. Reporting to the COO, this position will take primary responsibility for underwriting HEDCO’s small business loans. The Business Development Underwriter is responsible for providing expert analysis and evaluation of the finances and credit of our small business clients. S/he will be responsible for reviewing financial statements to ascertain business viability and carefully reviewing client loan applications.
The Business Development Underwriter will partner with our Entrepreneur and Small Business Team to provide recommendations, insight, and feedback regarding the prospective borrowers’ ability to meet HEDCO’s financial standards and loan terms.
• Evaluate the borrower’s ability to meet HEDCO’s responsible lending standards
• Provide detailed credit analysis of all borrower applications and financial risk
• Assist with the administration of HEDCO’s loan portfolios
• Become HEDCO’s in-house expert on industry standards and trends, applying this knowledge on a case-by-case basis to ensure we are providing our clients with customized service and knowledge
• Prepare necessary reports and documentation
• Become an active steward of HEDCO’s commitment to community development, advancing both its social mission and adhering to its financial responsibilities.
Our ideal candidate has strong analytical skills and is attentive to detail. S/he is able to work diligently and independently, managing competing priorities from multiple team members, and communicating clearly. Our ideal candidate is adept at interfacing with clients and internal team members in a highly professional and respectful manner.
A bachelor’s degree is required, a master’s degree in business or a related field is preferred. Candidates should have at least five years of experience in underwriting and business financial analysis. Knowledge of credit principles, policies, and financial/cash flow analysis is required. Experience working with small business owners and entrepreneurs is a plus, experience with community development and economic development organizations or CDFIs is also highly desirable.
This is a full-time position based in Hartford, Connecticut.
Salary: 50,000 – 65,000 (depending on experience)
How to Apply:
Please send a resume and cover letter to Kim Hawkins, Vice President/COO at email@example.com describing your fit for the position by Friday November 16, 2018. Materials will be reviewed on a rolling basis.
As a statewide not-for-profit Community Development Financial Institution (CDFI), we are revitalizing communities across Connecticut by helping local entrepreneurs launch successful businesses and access low-interest loans with flexible terms. Through strong community relationships, mentorship, and coaching, we transform aspiring entrepreneurs into thriving businesses owners. We are committed to making small business ownership accessible and equitable and building vibrant communities. We are proud of our wide range of partnerships with governmental agencies, educational institutions, community groups and business organizations. Our success is rooted in our commitment our communities. As a team, we strive to meet both our individual client and local market needs, to collectively provide successful community development outcomes across the state of Connecticut.
We seek a new Small Business Entrepreneurship Advisor to join our Hartford-based team. Our new Small Business Entrepreneurship Advisor will expertly manage a portfolio of small business clients, build relationships across the community, and support aspiring entrepreneurs who are in need of fundamental resources and dedicated mentorship as they prepare to launch new businesses.
Reporting to the Chief Operating Officer, the new Small Business Entrepreneurship Advisor will proudly embrace HEDCO’s mission, advancing both its social mission and adhering to its financial responsibilities. The new Advisor will build trusted relationships with our entrepreneurs, ensuring they benefit from all of HEDCO’s program offerings and financial resources. This will require proactive collaboration across our organization and leveraging the expertise of our team and community partners.
The Small Business Entrepreneurship Advisor educates and coaches our aspiring entrepreneurs as they build new businesses – from business planning, strategic planning, and identifying the financial management tools that meet their needs. The Small Business Entrepreneurship Advisor will also ensure clients are well-informed about their options for financing, partnering with clients as they prepare for potential lending opportunities. The Advisor will be responsible for guiding entrepreneurs through every step of their business launch, assisting them with the loan application, approval, and closing to generating growth strategies.
Our ideal candidate has strong interpersonal and analytical skills, is attentive to detail, and consistently demonstrates professionalism. She/he is energized by mentoring small business owners and has proven experience building strategic partnerships with community and economic development organizations.
Facilitate Entrepreneurship Education and Training
• Guide entrepreneurs through the process of launching and growing their businesses
• Promote HEDCO’s programs to help clients receive the individualized support they need
• Facilitate small group trainings for new business owners in areas such as finance, administration, operations, and strategic planning
Provide Ongoing Mentorship
• Provide advice and feedback on business viability
• Provide personalized counseling and coaching to our new entrepreneurs, connecting them to the networks and experts they need to launch and grow successful businesses
Connect Entrepreneurs to Business Resources
• Manage a portfolio of entrepreneurs, supporting them as they prepare for financing and business launch
• Ensure new entrepreneurs are knowledgeable about the small business funding options that meet their individual needs and are prepared to meet with loan committees
Build Community Partnerships
• Actively participate in outreach events with small business owners and new community partners
• Collaborate with partners to ensure alignment of workshops, consulting, and other educational resources
• Develop and maintain productive working relationships with our borrowers, CDFI partners, internal team members, and the community
A bachelor’s degree is required, a master’s degree in business, management, finance, economics or related field preferred.
Candidates should have at least five years of experience in entrepreneurship, finance, business development, and management review or similar fields. Candidates must also have knowledge
In business financial analysis, small business management, budgeting, and strategic planning. writing, and communication skills are essential. Public speaking experience and familiarity with Chambers of Commerce, community development and/or economic development across the state of Connecticut is highly desirable, although not required.
This is a full-time position based in Hartford, Connecticut. It will require some travel across the state and flexible work hours.
Salary: 50,000 – 65,000 (depending on experience)
How to Apply:
Please send a resume and cover letter to Kim Hawkins, COO & Vice President at firstname.lastname@example.org describing your fit for the position. Materials will be reviewed on a rolling basis.