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  • Make an impact and join the opportunity finance field.

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

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

To submit a job listing, please use our online form. If you need to edit or remove a posting, please contact info@ofn.org. Submissions will be reviewed to ensure relevancy to the industry, and posted within 2 business days.

Advisory Associate, Affordable Housing MRI Software
Boston, MA
Job Function: Financial Services
Posted: May 29, 2019

Background:

Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. TCAM, an MRI Company is a growing, national consultant and third-party asset manager to the capital providers of the affordable housing industry. The work environment is fast-paced and rapidly changing.

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

Position Summary:

​MRI Software is seeking an Advisory Associate to join our team in Boston! As an Advisory Associate, you will have the opportunity will work as part of the advisory services team to analyze and evaluate assets, portfolios, transactions and organizations on behalf of affordable housing clients. You will develop and maintain strong relationships with clients, understand partnership, financing and tax matters, as well as real estate issues at the operating partnership level, and research market and industry trends.

Responsibilities:

Provide analytical support for Affordable Housing underwriting and transaction modeling
Assist in benchmarking for clients by researching asset management and property management practices and performance
Participate in the drafting and presentation of client deliverables
Establish relationships and communicate regularly with general partners, lenders, government agencies, investors and property managers
Respond to client requests for information through informal interactions and formal presentations
Prepare financial analyses and projections for individual multifamily assets, as well as portfolios comprised of numerous assets
Assist in scoping new engagements, including responding to Requests for Proposals
Participate in cross-functional teams working on on-going asset management engagements

Requirements:

Bachelor’s Degree; coursework in basic principles of accounting
2+ years of experience in multifamily real estate, commercial real estate lending, or community development
Strong communication and analytical skills
Experience with financial analysis and spreadsheet modeling
MS Excel and Word proficient

Compensation:

TBD

How to Apply:

https://www.mrisoftware.com/jobs/advisory-associate/

or email resume to careers@mrisoftware.com

Analyst, Affordable Housing MRI Software
Boston, MA
Job Function: Finance
Posted: May 29, 2019

Background:

Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. TCAM, an MRI Company, is a growing, national consultant and third-party asset manager to the capital providers of the affordable housing industry. TCAM’s work environment is fast-paced and rapidly changing.

Position Summary:

MRI Software is seeking an Analyst to join our team in Boston! This team focuses on providing asset management and consulting services to stakeholders in affordable housing including investors and owners. As an Analyst, you will have the opportunity to work as part of a cross-functional team to analyze and evaluate affordable housing properties, portfolios, transactions and organizations on behalf of clients. You will evaluate operational issues at the property level, analyze the effects of partnership, financing and tax matters, and research market and industry trends.

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform, along with an open and connected ecosystem, allows us to meet the unique needs of real estate businesses, from property-level management and accounting, to investment modeling and analytics for the global commercial and residential markets. With nearly five decades of expertise and insight, we have grown to include offices in across the United States, the United Kingdom, Hong Kong, Singapore, Sydney, South Africa, New Zealand, and Canada with over 1200 team members to support our clients and their unique needs!

Responsibilities:

Analyze and evaluate information to support asset and fund management functions
Prepare financial analyses and projections for individual multifamily assets, as well as portfolios composed of numerous assets
Ensure the timely receipt and integrity of asset information collected and stored in MRI's TCAM database
Assist with the creation of reports from MRI TCAM databases
Create, generate and maintain monthly and quarterly reports from asset database for internal and external use
Assist with the preparation of written internal and external reports such as risk assessments
Develop analytical frameworks for modeling and finding solutions for operational, tax and financial problems
Interface with clients, general partners, property managers, accountants and other third parties
Analyze property and fund partnership tax returns and work with asset and portfolio managers to resolve problems that could jeopardize the projected allocation of benefits
Demonstrate proficiency with financial analysis and spreadsheet modeling using Excel

Requirements:

2 years in multifamily real estate or community development, or other related industries.
Proven ability to manage conflict and quickly switch gears
Bachelor’s Degree; coursework in basic principles of accounting
Interest in affordable housing and real estate

Compensation:

TBD

How to Apply:

https://www.mrisoftware.com/jobs/analyst/

or email careers@mrisoftware.com

Advisory Associate TCAM: Tax Credit Asset Management
Boston, MA
Job Function: Other
Posted: May 29, 2019

Background:

TCAM, an MRI Software Company, is a growing, national consultant and third-party asset manager to the capital providers of the affordable housing industry. TCAM’s work environment is fast-paced and rapidly changing. MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.

Position Summary:

TCAM is seeking an Advisory Associate to join our team in Boston! As an Advisory Associate, you will have the opportunity will work as part of the advisory services team to analyze and evaluate assets, portfolios, transactions and organizations on behalf of affordable housing clients.

Responsibilities:

You will develop and maintain strong relationships with clients, understand partnership, financing and tax matters, as well as real estate issues at the operating partnership level, and research market and industry trends.You will have the opportunity to investigate real estate issues at the operating partnership and the fund/investment partnership levels. You will coordinate advisory activities across projects and lead as well as participate in team efforts to complete deliverables for clients.

Requirements:

- Bachelor’s Degree; coursework in basic principles of accounting
- 2+ years of experience in multifamily real estate, commercial real estate lending, or community development
- Strong communication and analytical skills
- Experience with financial analysis and spreadsheet modeling
- MS Excel and Word proficient
- Provide analytical support for Affordable Housing underwriting and transaction modeling
- Assist in benchmarking for clients by researching asset management and property management practices and performance
- Participate in the drafting and presentation of client deliverables
- Establish relationships and communicate regularly with general partners, lenders, government agencies, investors and property managers
- Respond to client requests for information through informal interactions and formal presentations
- Prepare financial analyses and projections for individual multifamily assets, as well as portfolios comprised of numerous assets
- Assist in scoping new engagements, including responding to Requests for Proposals
- Participate in cross-functional teams working on on-going asset management engagements

Compensation:

Competitive, commensurate with role

How to Apply:

For more information, please visit https://www.mrisoftware.com/jobs/advisory-associate/

Loan Administrator Genesis Community Loan Fund
Brunswick, ME
Job Function: Lending/Loan Operations
Posted: May 23, 2019

Background:

The Genesis Fund is a critical link in the development of affordable housing and community facilities in Maine. Our mission is to bring together resources to create housing and other economic and social opportunities for underserved people and communities. The Genesis Fund, a certified Community Development Financial Institution (CDFI), is a statewide nonprofit organization that began in 1992.

The Genesis Fund provides innovative financing by soliciting low-interest loans from individuals, churches, corporations and foundations, and then re-lending the money to nonprofit organizations developing affordable housing and community facilities in underserved neighborhoods and needy communities. If requested, we provide substantial technical assistance to the sponsors of capital projects that will create housing and community development opportunities. For more info: www.genesisfund.org.

Position Summary:

The Genesis Fund is seeking to hire a full-time Loan Administrator. This position will be responsible for supporting the Genesis Fund’s Loan Officer in underwriting, closing and servicing loans. Duties will include managing documents, data and correspondence related to loan applications, underwriting requests, approving and closing loans, disbursing funds, and monitoring the performance of loans and borrowers. An important responsibility will be ensuring the accuracy of loan information within the organization’s data management systems as well as mastering and optimizing the use of those systems to track and report on loan portfolio performance.

The Loan Administrator will report to the Loan Officer. This is a 35 hour per week, non-exempt position, which will be based in Brunswick, Maine.

The ideal candidate will have the required skills and knowledge, but also a demonstrated interest in and commitment to the organization’s mission of serving disadvantaged and low-income communities.

Responsibilities:

The Loan Administrator will be responsible for the following:
• Tracking and organizing documents through all stages of the lending process
• Creating and maintaining electronic and paper files of all loans and supporting documents
• Entering and ensuring accuracy of loan and borrower data in the data management system
• Identifying and implementing opportunities for optimization and enhancements of the data management system
• Overseeing and updating use of loan management software for data related to loan portfolio management and outcome tracking
• Working with software technical support to create custom reports, views, wizards, data entry fields, and other database administration to meet the organizational needs for data management and reporting
• Assisting in preparing materials for staff, loan committee and board review
• Assisting in drafting loan commitments and supporting the drafting of loan documents
• Communicating with borrowers about loan disbursements, loan payments, loan monitoring requirements, loan pay offs and other information needs
• Tracking and reporting on loan payments, entering payment transactions and updating amortization schedules as needed
• Assisting in following up on non-performing loans as necessary
• Assisting in evaluating borrowers and project performance
• Maintaining data for social outcomes and beneficiary analysis for performance management, compliance reporting, and grant writing
• Assisting with aggregated portfolio analysis for internal and external review
• Providing and supporting the provision of high quality customer service to borrowers through all stages of the financing process
• Other duties as assigned

Requirements:

The ideal candidate will have the following qualifications and background:
• Bachelor’s degree in a relevant field such as finance, business, and/or public administration is highly beneficial, or a paralegal certificate with a focus on real estate.
• At least two (2) years of experience with real estate development or loan administration at a financial institution, although other relevant experience and/or education will also be considered.
• A basic understanding of financial structuring for housing and community development projects.
• Outstanding attention to detail.
• Strong interest and skill in database management, with 2-4 years of demonstrated experience working with queries, reports, and custom database administration
• Strong organizational, analytical, logical and problem solving skills
• Experience with loan management or other kinds of data management software and demonstrated ability to learn and master new software applications
• Demonstrated success in building and maintaining individual and organizational relationships, and strong interpersonal and communication skills, both written and verbal.
• Sound time management and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
• Broad, active curiosity with strong interest in ongoing learning about community development finance. Openness to learning new skills and systems.
• Demonstrated self-starter that can work independently and take initiative.
• Great communicator and team player.
• Proficiency with Microsoft Office applications, including Word and Excel.
• Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor.
• Demonstrated commitment to the Genesis Fund’s mission.

Compensation:

The Genesis Fund offers a generous benefits package that includes vacation and sick time, medical/dental/life insurance, short- and long-term disability, flexible spending account, 401(K) retirement savings plan and a paid sabbatical after ten years of full-time continuous service to the organization. Salary range: $47,000-$52,000, depending on experience. The Genesis Fund is an equal opportunity employer.

How to Apply:

How to Apply: Please submit a resume and cover letter by email to info@genesisfund.org.
Deadline: Priority review will be given to applications received by June 9, 2019.

Loan Service Specialist HIAS, Inc.
Silver Spring, MD
Job Function: Lending/Loan Operations
Posted: May 23, 2019

Background:

HIAS is a global Jewish nonprofit organization working across five continents to ensure that refugees and displaced persons are protected. Throughout the United States, we help refugees reunite with families, resettle and become self-sufficient. Guided by our values and history, we help refugees rebuild their lives in safety and security and advocate to ensure that all displaced people are treated with dignity.

HIAS IS AN EQUAL OPPORTUNITY EMPLOYER AND COMPLIES WITH ALL FEDERAL, STATE AND LOCAL EMPLOYMENT LAWS.

Position Summary:

HIAS seeks a Loan Services Specialist to provide a variety of functions in support of its Microenterprise Development Program. S/he works directly with the Microenterprise Development Program Manager to support the loan origination process and servicing of Microenterprise and credit building loans. The successful candidate should have a superior understanding of loan documentation, loan processing and servicing. S/he is responsible for developing and implementing improved lending and collection processes, enhancing systems, and technology integrations to maximize operational efficiency. Lastly, the Loan Services Specialist plays a key role in supporting other program functions including data analysis, project design and strategic planning. The duration of this assignment is one (1) year with the possibility of an extension based on funding.

Responsibilities:

Loan Origination
• Implements process improvements across all stages of the loan origination process.
• Conducts loan onboarding and maintains Downhome Solutions Loan Manager loan servicing system.
• Reviews loan documents for compliance, completeness and accuracy.
• Coordinates with team members to complete loan closings, documentation, and fund disbursements.
• Completes and submits paperwork to various government agencies or vendors, generating check requests, processing and maintaining collateral, filing and data entry.
• Conducts UCC and other lien searches and filings; establishes, maintains, and updates files, databases, records and documents for loans.
Loan Services
• Prepares, reviews, and mails monthly billing statements; generates reviews and uploads ACH batches.
• Manages credit bureau reporting and e-OSCAR disputes.
• Contacts delinquent clients via phone and email to obtain payments on past due balances.
• Follows up with phone calls/ second mailing, if necessary, and refers uncollectible accounts to management.
• Reviews and analyzes delinquent or cancelled accounts to determine if an extension of the grace period is needed; requests approval from supervisor.
• Researches and analyzes customer accounts to ensure compliance with established policies and procedures.
• Ensures all applicant/borrower files are complete and in compliance with internal policies.
• Participates in special projects and perform other duties, as assigned.

Requirements:

• Undergraduate degree required.
• Experience and knowledge of commercial or consumer lending/loan origination/servicing or a minimum of three (3) years of lending experience.
• Excellent technical skills; experience in network environment, internet and e-mail transfer of data, proficiency in office applications (Excel and Word) required.
• Strong organizational skills including: multi-tasking, prioritizing problems, planning, effective time management and self-motivation.
• Excellent customer service skills; ability to interact with external clients by providing support via phone, web, and email; as well as team-oriented interaction.
• Possesses an exceptional professional, courteous demeanor in a sometimes fast-paced environment.
• Full status to work in the United States and willingness to provide employment verification as needed.
• Excellent written and oral communication skills; ability to handle multiple projects in a fast paced environment.

Compensation:

50K-55K

How to Apply:

Please submit your resume, cover letter and employment application to our website, http://www.hias.org/career-and-internship-opportunities

Loan Officer Housing Assistance Council
Washington, DC
Job Function: Underwriting
Posted: May 22, 2019

Background:

HOUSING ASSISTANCE COUNCIL
The Housing Assistance Council (HAC) is a national nonprofit Community Development Financial Institution (CDFI) that strengthens communities across rural America through investment and assistance with affordable housing and community and economic development initiatives. Based in Washington, DC, HAC is actively involved in shaping federal policy and the affordable housing industry with its research, lending and conferences. We also deliver technical assistance, training and affordable loans at the local level to organizations that help rural communities prosper.

Position Summary:

The Loan Officer will represent HAC in its lending activities and originate new loan transactions. This includes a range of lending activities – underwriting single and multi-family projects, assist in the development of new loan products, and marketing HAC loan products. The Loan Officer reports directly to the Director of Lending and works closely with Loan Processors and Portfolio Managers who close and service loans.

The position comes with a competitive salary and generous benefits. It is an opportunity to work in a fun, mission-focused environment with an expanding team that bring vitality and prosperity to rural places.

Responsibilities:

DUTIES and RESPONSIBILITIES
• Contribute to loan production goals by identifying lending opportunities and originating new loans upon referral from the Training and Technical Assistance Team.
• Structure loan transactions in compliance with internal credit and program requirements.
• Prepare and negotiate loan proposals with borrowers and partners (term sheets and commitment letters).
• Manage the loan approval process from deal screening through due diligence to loan approval.
• Prepare and present Loan Summary recommendations and commitment modification reports for Chief Executive Officer and Loan Committee review.
• Assist in the loan closing process by working with the Portfolio Managers.
• Attend industry trade conferences and make presentations; foster and maintain key strategic relationships.
• Assist with the marketing and communication on closed transactions.
• Work closely with all Loan Fund staff to assure excellent customer service.
• Work with partners on loan participations.
• Monitor assigned closed loans and conduct site visits, as needed.
• Participate in strategic planning and innovation process.
• Keep abreast of industry standards, challenges, and changes influencing lending activities.
• Provide technical assistance and training to nonprofit organizations on housing finance, subsidy sources, risk mitigation and other housing industry-specific topics.
• Formulate and execute strategies for problem loans and at-risk projects.
• Perform other duties and tasks as assigned.

Requirements:

Required
• Undergraduate degree in relevant field. Advance degree in business, finance or related field preferred.
• Minimum of five years’ work experience in real estate finance.
• Experience with community development underwriting. Experience in affordable housing, including development processes for single- and multi-family housing, public financing sources, multi-layered deal structuring, and providing technical assistance to affordable housing developers/nonprofit organizations.
• Knowledge of Community Development Financial Institutions is a plus.
• Demonstrated experience in preparing and negotiating complex transactions and balancing the programmatic needs of community-based organizations with sound underwriting judgment and risk mitigation.
• Familiarity with federal, state, and local community development programs, particularly programs that finance affordable housing in rural communities, especially USDA Rural Development and Low Income Housing Tax Credits.
• Strong financial, analytical and communication skills.
• Candidates must have sufficient credit skills to conduct risk assessment and manage a portfolio.
• Excellent organizational skills and ability to prioritize and manage multiple tasks/projects and meet deadlines.
• Proficiency with Microsoft Office (particularly Word, Excel, and Power Point), Adobe Acrobat, and Salesforce.
• Ability and willingness to travel.
Preferred
• Knowledge of and experience with standard legal principles and procedures related to real estate transactions, property transfers, and collateral;
• Commitment to social justice issues
• Interest in rural, low-income housing.

Compensation:

Competitive salary based on experience

How to Apply:

Send resume with cover letter and salary requirements to jobs@ruralhome.org

Senior Vice President, Finance and Administration Appalachian Community Capital
Christiansburg, VA
Job Function: Finance
Posted: May 22, 2019

Background:

ABOUT APPALACHIAN COMMUNITY CAPITAL

Appalachian Community Capital (ACC) is a nonprofit Community Development Financial Institution (CDFI) loan fund. ACC’s primary function is to serve as a wholesale development finance intermediary, or fund of funds, for community development lenders that make affordable loans to small businesses throughout the Appalachian Region. ACC’s 19 high-performing members are mission-driven lenders committed to meeting the credit needs of rural Appalachia. Since 2015, ACC has invested nearly $17 million in underserved communities, and provided access to capital and expertise to small businesses owners and entrepreneurs, including minority- and women-owned businesses.

The SVP of Finance and Administration supports goals, values and philosophy by exhibiting the following behaviors: excellence, quality service, commitment and accountability. As a member of Appalachian Community Capital’s management team, the SVP demonstrates the following accountabilities: communication, teamwork and job knowledge.

Position Summary:

Working under the policy direction of Appalachian Community Capital (ACC) and under the general supervision of the CEO, the SVP-Finance and Administration is responsible for ensuring ACC’s overall financial planning and budgeting programs are aligned with the corporate strategic plan and the expectations of all funders and stakeholders. This position can be performed remotely.

Responsibilities:

• Budget and Financial Planning - Works with the CEO to formulate, implement and maintain ACC’s overall strategy for financial and budgetary initiatives.
• Financial Management, Accounting and Policies – Implements accurate and timely accounting and reporting practices.
• Investment and Fund Management – Manages ACC’s investment program and investors relationships. Responsible for managing and maintaining investment notes and records, servicing investments and interest payments, and managing investor relationships.
• Administrative Management - Assists with contract management, and performs other duties as assigned.

Requirements:

At least 5 years professional experience as a Finance Director, Controller and/or senior financial officer is required. Experience working at a financial institution, in particular a Community Development Financial Institution, or experience in nonprofit finance and reporting requirement is highly beneficial.

Demonstrated understanding and experience in the non-profit sector, including working with a Board of Directors. Non-profit management and leadership experience preferred.

Requires a Bachelor’s degree in accounting, finance and/or business administration (MBA preferred). CPA required. A minimum of five years of professional level experience performing varied and responsible accounting or business management involving the use of electronic data processing systems.

Experience analyzing and managing portfolio risk is highly beneficial.

Thorough knowledge of accounting principles and practices as well as budgeting, purchasing, and electronic data processing applications.

A successful track record managing a variety of grant and investment funding (government, philanthropic, institutional) sources, in addition to managing investor/funder relationships.

Excellent organizational, oral and written communication skills and problem-solving abilities.

Fluency with Microsoft Office suite, in particular Excel, and QuickBooks is required.

Knowledge of accounting and reporting software; familiarity with loan management software is a plus.

Ability to maintain confidentiality.

Compensation:

ACC offers a competitive salary based on experience and skills, as well as an excellent benefits package, including health, disability and life insurance, 401(k) savings plan with employer match, and paid time off.

How to Apply:

Interested candidates should email a resume/CV and cover letter that outlines how your skills and experience meet the qualifications of the position, and salary requirements to dgambrell@acc1.org with “Senior VP-Finance and Administration” in the subject line. First application reviews will begin July 1, 2019.

Loan Servicing Manager Sparks Group
Arlington, VA, VA
Job Function: Financial Services
Posted: May 21, 2019

Background:

Who is Sparks Group?
Founded in 1970 as an administrative staffing company, today Sparks Group is a premier provider of professional, technical, administrative, and creative talent for organizations looking to make their next great hire. We hold long-term partnerships with many of the area’s top employers, spanning a diverse mix of industries. Our areas of specialization include: Accounting and Finance, Administrative and Office Support, Contracts and Acquisitions, Customer Service and Call Center, Human Resources and Talent Acquisition, Information Technology, Creative and Marketing, Financial Services, and Paralegal/Legal Support.

Position Summary:

Join a mission-based company that focuses on transforming under-served communities into strong, vibrant hubs of opportunity. This fast-growing organization has 30 years of experience and has invested more than $2B in strategic financing, social innovation programs and capacity building programs to under-served locations This has provided low-income communities access to high-quality healthcare, education, healthy foods, housing, and familycare. The Loan Servicing/Loan Accounting Manager plays a critical role in the organization. If you're interested in joining a financial company with a heart, apply today!

Responsibilities:

Manage Loan Servicing personnel in their daily activities and ensure they receive proper training and support.
Oversee all accounting processes, including: cash handling, payments, general ledger reconciliations, escrow balancing, loan disbursements, and loan modifications.
Oversee and set up ACH activities.
Manage all processes for delinquencies, charge offs and non-accruals
Ensure accurate system usage, data input, and create reports.
Create and ensure that departmental benchmarks are met.
Oversee the rate change process for loan indexes, participate in loan system conversions, and assist with day-end processing.

Requirements:

Bachelor’s degree necessary.
5+ years in the financial services industry ideal.
Exposure to New Market Tax Credits (NMTC) is helpful.
3+ years of management experience, leading a servicing team is a plus.
Possess a collaborative, team-oriented attitude.
Proficiency with Microsoft Office (particularly Word, Excel and Power Point).
Exposure to McCracken Loan Accounting Servicing system experience is ideal.

Compensation:

$90,000 - $110,000 annually

How to Apply:

Send your resume to ttran@sparksgroupinc.com

Chief Lending Officer Housing Trust Silicon Valley
San Jose, CA
Job Function: Lending/Loan Operations
Posted: May 21, 2019

Background:

Housing Trust is leading the effort to create a strong affordable housing market the in the greater Bay Area as one of the region’s highest-volume nonprofit housing lenders. Serving people experiencing homelessness to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Since 2000, Housing Trust has invested $230 million – creating more than 18,400 affordable housing opportunities serving over 33,500 of our neighbors. Housing Trust is the first nonprofit Community Development Financial Institution (CDFI) to receive a Standard & Poor’s rating (AA-) because of its strong capacity to meet financial commitments.

Position Summary:

Housing Trust is looking for a dedicated creative leader to join its mission-driven executive management team. As Chief Lending Officer (CLO), you play a key role guiding the strategic direction of the organization while leading dedicated and motivated teams, both Multifamily Lending (MFL) and Homebuyer Programs (HBP), who have made over $100 million in loans to create or preserve over 3,100 affordable homes over the past 2 years. You will be in a unique position at an organization that values innovation to grow, develop and refine programs for maximum impact in response to borrower needs and changes in the market. The CLO cultivates collaborative relationships with both internal and external partners to ensure smooth and efficient originations, underwriting, loan administration, policy compliance, transfer to portfolio management, cashflow, debt solicitation and investor relations. The CLO represents Housing Trust at local, state and national housing and lending venues – such as CHC, Housing CA, NPH and OFN - raising the organization’s profile as a thought leader throughout the CDFI and affordable housing industries.

OUR LENDING PROGRAMS
As one of the leading CDFI serving the greater Bay Area, Housing Trust’ s impact is a direct result of how quickly and creatively our lending teams respond to meet our borrowers’ unique needs creating affordable housing opportunities. Current MFL and HBP programs include:

Multifamily Lending
• Acquisition & Predevelopment Lending – capital that enables affordable housing developers to secure land and move projects forward quickly.

• Supportive Housing Fund – with an investment from Santa Clara County, low-interest loans for developers acquiring land for supportive housing developments which will eventually be supported by Measure A housing bond funds. Housing Trust recently received a federal grant to expand the geographic footprint for this program.

• Monterey Bay Housing Trust – affiliate fund focused on Santa Cruz, Monterey, and San Benito counties in partnership with the Monterey Bay Economic Partnership.

• Bond Guarantee Program (BGP) & Term Debt – $25 million allocation from the CDFI Fund for BGP, which allows us to provide flexible long-term debt. It has been particularly useful to facilitate resyndication of LIHTC projects. Housing Trust also provides term debt from other sources of capital, depending on project needs.

Homebuyer Lending
• Empower Homebuyers SCC – Santa Clara County authorized up to $25 million of Measure A housing bond funds to be used as down payment assistance for first-time homebuyers with incomes up to 120% AMI. Housing Trust was selected to market and originate the Empower loans, which are subsequently sold to the County.

• HELP – Housing Trust recognized the need for down payment assistance for first-time homebuyers at moderate income level. Using our own capital, we began making HELP loans for households up to 140% AMI.

• City of Santa Clara BMP – The City of Santa Clara requires developers of for-sale housing to set aside 10% of their units for first-time homebuyers. Housing Trust administers this program, which is growing the number of low- and moderate-income homeowners in the City of Santa Clara.

• Small Homes, Big Impact – Housing Trust’s Accessory Dwelling Unit (ADU) team is launching a pilot construction bridge loan for homeowners responding to the housing crisis.

Responsibilities:

Strategy & Management:
• Direct and ensure future growth of the organization through strategic oversight for all aspects of single family and multifamily lending including risk mitigation and management to ensure prudent growth
• Set goals and execute strategies for deployment of Housing Trust capital to finance affordable housing
• Manage all program activities to achieve program goals, including primary responsibility for marketing the program, supervising, supporting, and motivating staff who have primary program responsibility for underwriting, loan administration, and reporting
• Manage relationships with the MFL Loan Committees including educating board members on Housing Trust program, including serving as staff member of the Program and Policy committee
• Manage external relationships, including borrowers, and external loan committee members, and provide executive support to others such as loan pool members and bank loan servicing providers
• Enhance Housing Trust lending programs by designing new products or improving existing ones, and develop creative ideas to access flexible capital in collaboration with Chief Development Officer, and Chief Financial Officer
• Engage in talent acquisition, development and retention of staff, and cultivate a mission-focused environment of creativity, innovation, agility, and work/life balance
• Provide leadership through communication, performance management, development and recognition of staff
• Provide support to Chief Development Officer by interacting with program funders
• Collaborate with Chief Financial Officer regarding annual budgets, interest rates, cash flow, contract changes, accounting for sales and other finance and compliance areas.
• Ensure compliance with Housing Trust’s lending policies and all applicable laws and regulations

Marketing:
• Develop and execute affordable housing marketing strategy for both nonprofit and for-profit developers to best respond to potential, current, and former borrower needs
• Respond to changing financing needs of affordable housing developers that can impact product development
Loan Administration, Underwriting, & Reporting:
• Support Loan Officers and borrowers with preparation of credit analysis on new loan requests
• Manage the team to underwrite predevelopment, land acquisition, and construction loans
• Review and approve loans, oversee closings, portfolio management of active loan portfolio, including reporting
• Strengthen and maintain risk rating system and supervise quarterly portfolio reviews
• Develop executive program dashboards with data from MFL and Homebuyer programs

Requirements:

• Bachelor’s degree required; Master’s degree in related field preferred.
• At least 15 years of relevant experience, which can include commercial real estate lending, affordable multifamily lending/investing, and affordable housing development. Must include at least 5 years of lending experience at a commercial bank or CDFI. Knowledge of affordable single-family housing and/or affordable homeownership programs is desired.
• Strong knowledge and understanding of various public and private sources of financing available to developers of affordable housing
• Commitment to affordable housing for low income communities
• Experience with development and implementation of annual plan and budget
• Ability to work in a fast-paced environment to establish department priorities and adapt to changing circumstances
• At least 5 years experiencing supervising and managing staff and staff development. Experience working on cross-functional group across departments.
• Strong written and verbal communication, including demonstrated skills with presenting in public, on panels, executive memos, and articles for industry publications.
• Demonstrated commitment to diversity, equity, and inclusion policies and practices.

Compensation:

Housing Trust offers a competitive compensation package, including a bonus plan and benefits. This is an exempt, full-time position. Compensation for this position is dependent on experience.

How to Apply:

Resumes will be reviewed and considered on an ongoing basis. To be considered for this position, please submit a letter of interest and resume to Jobs1@housingtrustsv.org.

Program Analyst Rural Community Assistance Corporation
West Sacramento, CA
Job Function: Finance
Posted: May 20, 2019

Background:

Founded in 1978, RCAC is a 501(c)(3) nonprofit that provides training, technical and financial resources and advocacy so and visions rural communities can achieve their goals. For nearly 40 years, our dedicated staff and active board have helped effect positive change in rural communities across the West. RCAC’s core values are leadership, collaboration, commitment, quality and integrity.

Grants and Contracts Unit
RCAC’s Grants and Contracts Administration (GCA) unit is part of the Finance Department and provides ongoing grant/contract management support to RCAC program managers. GCA reviews, tracks and analyzes contract deliverables; develops budgets and monitors expenditures; ensures ongoing compliance with grant and contract terms and conditions; and ensures program and financial reports are submitted in a timely manner.

Position Summary:

The Grants and Contracts Program Analyst manages a diverse portfolio of grants and contracts, generally in one of our three service areas: Environmental, Housing or Loan Fund. This position provides analysis and high-level administrative support related to compliance and reporting requirements. The GCA analyst collaborates with project leads, managers, directors and field staff.

Responsibilities:

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

• Serve as the primary GCA point of contact for a portfolio of grants, contracts, sub-grants and sub-contracts
• Provide program support, guidance and coordination to managers, contract leads and others throughout the grant/contract lifecycle
• Review assigned incoming contracts to understand all regulatory requirements, contract terms and conditions, overall contract direction, including deliverables, timeline and budget
• Provide analytical support and assistance with budget preparation and project expenditures
• Identify and track monthly expenses and compare actual expenses against the budget
• Anticipate and identify budget issues and work with project leads to develop solutions
• Track deliverable accomplishment and assist contract leads to prepare internal and external reports
• Manage, maintain and track grants and contracts information and reporting in database(s)
• Train regional managers and staff and provide feedback on database use and report content
• Prepare and submit or generate reports to funders and others upon request
• Assist the Grants & Contracts Manager with internal staff training and training for clients

Requirements:

Physical Job Requirements:

The physical demands described here are representative of those that an employee must meet to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work performed in an office requires the ability to operate computers and various pieces of office equipment, including the telephone. Use may be moderate (average 2 hours per day) to heavy (4 or more hours per day).

While performing the duties of this position, the employee is frequently required to stand and/or sit for prolonged periods of time; walk; talk; hear; use hands to manipulate; handle; feel or operate objects, tools or controls; and reach with hands and arms. The employee is occasionally required to climb or balance; stoop; kneel; crouch or crawl.

The employee may occasionally lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.

Preferred Education and Experience:
A combination of experience and education is required to qualify for the position. A typical qualifying combination would be:

Experience:
Four years of applicable experience in contract analysis, budget analysis and database processing, and a variety of high level administrative duties (education may be substituted for experience). Experience in training adult learners, meeting facilitation and organizational skills is highly desirable.

Education:
Bachelor’s degree—(additional qualifying experience may be substituted for the required education).

Special Requirements:
Possession of a valid drivers' license and proof of insurance that meets the minimum requirements of RCAC corporate liability policy will be required when traveling for business purposes.

Compensation:

$49,920 to $55,920 yearly

How to Apply:

Please visit www.rcac.org/careers to see the full job description, information on our benefits, and apply online.

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