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  • Make an impact and join the opportunity finance field.

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

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

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

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

Lending Manager Renaissance Economic Development Corp.
New York, NY
Job Function: Lending/Loan Operations
Posted: May 22, 2017

Background:

Renaissance Economic Development Corporation (REDC) is a 501(c)(3) nonprofit organization whose mission is to transform low-to-moderate income and immigrant communities in New York City by providing low-interest loans, training and counseling services. REDC is an affiliate of Asian Americans for Equality, one of the country’s leading community development nonprofits. As an organization deeply rooted in the neighborhoods it serves, REDC works hand-in-hand with local business owners to ensure their long-term success. We are US Treasury certified Community Development Financial Institution (CDFI), SBA Intermediary Microlender, and SBA Community Advantage (7a) lender. 

Position Summary:

Lending Manager/Director is responsible for overall loan fund management and oversight of the credit and portfolio team. This includes loan processing, closing, loan servicing, and all internal and external reporting functions. The Lending Manager/Director will maintain and/or improve a set of policy and procedures that will govern the lending operation of the program as well as ensuring the compliance of all relevant credit guidelines and regulations. He/She will be performing and overseeing the day-to-day lending operation which shall include underwriting, credit risk reviews, data collection and all required reporting preparation. He/She will communicate with the credit team to promote efficient and correct work flow in order to meet organizational goals. He/She will act as the representative of the organization in cultivating and maintaining collaborative working relationship with referral partners, bankers, loan committee members and community partners.

Responsibilities:

  • Responsible for reviewing underwriters’ loan credit summaries and analysis and provide feedback. 
  • Ensure underwriters are producing quality loans using proper credit risk metrics. 
  • Ability to analyze and calculate figures and amounts on complex loan transactions.
  • Responsible for production, efficiency, quality and recommended loans by the credit team.
  • Conduct regular reviews of loan applications to ensure credit team is following credit policy and procedures.  
  • Reviews all approved loans and loan commitments. 
  • Reviews and audits all loan closing files and documents before loan is closed and disbursed.  
  • Ensure lending staff is provided with updates and procedural changes.
  • Successfully interact with credit team to improve accuracies and efficiencies.
  • Oversea portfolio management reports and assesses the overall risk of the loan portfolio. 
  • Supervise portfolio management by reviewing loan receivables, delinquencies, and charge-offs.
  • Supervise all aspects of the loan fund which includes posting of payment, payoffs, draw request, and disbursing loan funds.
  • Review and be responsible for timely preparation of management reports, funder reports and other various reports.
  • Provide lending and impact data to development team in a timely matter. 
  • Participates in the review and recommendations of operational systems and procedures.
  • Interviewing, hiring and training employees; planning, assigning, and directing work; employee performance management; addressing complaints and resolving problems.
  • Able to build morale and group commitments to the organization’s goals and objectives 
  • Follows policies and procedures, completes administrative tasks correctly and on time, supports organization’s goals and values 
  • Maintains the highest level of confidentiality with all information obtained.
  • Meets expectations for attendance and punctuality.
  • Perform other related work and duties as assigned

 

Requirements:

  • Bachelors Degree and/or Masters Degree
  • 5+ years of loan underwriting experience in small business lending.
  • Excellent knowledge of local businesses and resources
  • Experience working with database, CRM, Accounting, loan and or portfolio software system
  • Had worked with low income individuals and diverse communities
  • Demonstrated ability to multi-task, perform under pressure, and flexibility to meet deadlines
  • Proficiency in Microsoft Office
  • Bilingual skills in Chinese or Spanish is highly desirable

 

Compensation:

Depends on experience. Excellent health benefits with paid vacation, holidays, sick days, and personal days.

How to Apply:

Interested candidates should send a résumé, a writing sample, and cover letter via email to human_resources@aafe.org. For further information about Renaissance, please visit our website at www.renaissance-ny.org.

 

Renaissance Economic Development Corporation is an Equal Opportunity Employer

Development Associate Renaissance Economic Development Corp.
New York, NY
Job Function: Grant Writer
Posted: May 22, 2017

Background:

Renaissance Economic Development Corporation provides direct financing and technical assistance services to entrepreneurs throughout New York City.  Renaissance focuses on low-income, immigrant neighborhoods where the barriers of language, culture and conventional loan underwriting have stymied the growth of small businesses.  Underpinning all of Renaissance’s lending activities is a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.

Position Summary:

Renaissance seeks a qualified Development Associate who is a self-starter, and who is comfortable working in a close-knit team-oriented setting, open to self-reflection, and willing to learn on the job. The Development Associate will work under the direct supervision of the Deputy Managing Director.  The Development Associate will be responsible for achieving specific revenue goals, assisting in overseeing a variety of development activities, and helping to ensure the long-term sustainability and expansion of Renaissance’s programs.

Responsibilities:

  • Grant Writing – Provide support for grants program, ensuring revenue goals are met, meeting grant deadlines, and complying with reporting requirements.
  • Fundraising – Support, create, and manage effective strategies and giving opportunities to increase fundraising and increase individual donor database including special events, direct mail, online giving, and donor identification and cultivation.  Establish long-term relationships with public and private sector donors in the community to build new partnerships and increase funding opportunities.
  • Special Events – Assist in creating and managing special events including marketing, budgeting, production, and acknowledgement. 
  • Community Engagement – Support strategic community outreach to educate stakeholders, raise funds, and create strategic partnerships.
  • Database Management – Support the management of the donor database to effectively manage donations, including data entry, acknowledgements, queries, report building, and assessing donor trends and analytics.
  • Public Relations – Assist with public relations efforts. 
  • Financial Statements – Analyze the financial statements of the organization.

 

Requirements:

  • Bachelor’s degree
  • 2-3 years of proven relevant experience working in non-profit development
  • Ability to read, understand, and analyze financial statements
  • Excellent written and verbal communication skills
  • Demonstrated ability to prioritize and handle multiple, complex tasks
  • Highly motivated, energetic, and dynamic self-starter who is able to work independently, and as part of a team
  • Excellent organizational and computer skills, including Microsoft Windows and Microsoft Office Suite
  • Commitment to working with culturally diverse communities and environments

 

Compensation:

Depends on experience. Excellent health benefits with paid vacation, holidays, sick days, and personal days. Pre-tax deduction for retirement and Metrocard.

How to Apply:

Interested candidates should send a résumé, 2-3 page writing sample, and cover letter with salary history and requirements via email to human_resources@aafe.org.  For further information about Renaissance, please visit our website at www.renaissance-ny.org.

 

Renaissance Economic Development Corporation is an Equal Opportunity Employer

Loan Service Associate Entrepreneur Works
Philadelphia, PA
Job Function: Financial Services
Posted: May 22, 2017

Background:

Entrepreneur Works Fund is a non-profit, certified Community Development Financial Institution (CDFI) focused on growing small businesses and creating jobs in the Philadelphia metropolitan area. Our mission is to cultivate and promote successful entrepreneurs among underserved populations and in underserved areas of the region – entrepreneurs who then become economic engines in their own communities.
 
Our loan portfolio provides affordable microloans between $500 and $50,000 to entrepreneurs who might otherwise be unable to secure capital from a traditional bank. We have no minimum credit score and can be flexible around collateral as well as the age and revenue of the business. By connecting hundreds of entrepreneurs each year with access to capital, one-on-one technical assistance, business training and networking opportunities, Entrepreneur Works Fund helps promising individuals develop economic self-sufficiency and create job opportunities through business ownership.

For more information, please visit www.MyEntrepreneurWorks.org.

Position Summary:

The Loan Service Associate will play a key role in the operations and risk management of Entrepreneur Works’ small business loan portfolio by managing the services provided to our clients after their loans are closed and disbursed. 

This includes monitoring portfolio performance and staying in close contact with borrowers to identify those that need technical assistance before they reach the point of default. The Loan Service Associate will also manage the collections process, maintain the department’s data collection and systems, and produce loan servicing and closing documentation.

Responsibilities:

This position requires a customer-service oriented individual who is comfortable with data entry, thrives in multi-cultural settings, and is passionate about financial literacy and economic justice. Demonstrated experience working with a diverse range of clients and colleagues is a must, as is comfort with a deadline-driven environment.

The ideal candidate has experience entering data, managing client relationships and navigating complex interpersonal situations both on the phone and in person.

PRINCIPAL RESPONSIBILITIES OF LOAN SERVICE ASSOCIATE:

  • Monitor borrowers, their businesses and repayment patterns to identify troubled loans
  • Identify business assistance needs of current borrowers and connect them with relevant resources
  • Make site visits to borrower’s businesses when necessary 
  • Manage collections process, make collections calls
  • Prepare borrowers’ billing statements and late letters
  • Process loan payments
  • Enter client data into Entrepreneur Works’ loan servicing and CRM software programs
  • Assist with portfolio reporting and surveys

Requirements:

Required

  • At least 1-2 years of experience in client-facing and/or customer service roles
  • Ability to navigate complex interpersonal interactions
  • Experience with data entry, finance, administration and/or business 
  • Proficient in Microsoft Excel, Microsoft Word and Microsoft Outlook
  • Superior writing, verbal and interpersonal skills
  • Experience working (or volunteering) with diverse and underserved populations
  • Ability to quickly learn departmental software systems

Preferred

  • Previous loan servicing experience
  • Experience mentoring or consulting, particularly with small businesses or entrepreneurs
  • Experience with small business management or knowledge thereof
  • Experience with relational database applications (SQL)

Compensation:

Salary commensurate with experience, plus full benefits package.

How to Apply:

Please email a cover letter and resume with salary requirements to loans@entre-works.org. Please put “Loan Service Associate” in the subject heading. No phone calls, please.

Senior Accountant Working Solutions
San Francisco, CA
Job Function: Accounting
Posted: May 11, 2017

Background:

Working Solutions is a Community Development Financial Institution (CDFI) whose mission is to provide microentrepreneurs with the access to capital and resources they need to start or grow a successful business. We serve a diverse population, but prioritize serving low-income individuals, women, and minorities. We support microenterprise growth as a strategy to strengthen the local economy, create jobs, and build strong communities. We provide capital in the form of small business loans (microloans) from $5,000 up to $50,000 and grants, and tailored consulting services. The organization was established in 1999 and launched its microenterprise development program in 2005. Since 2005, Working Solutions has extended close to $11 million in microloans and grants to entrepreneurs with a 96% repayment rate and has educated thousands of entrepreneurs.

Position Summary:

The Senior Accountant is responsible for oversight of Accounting and Finance functions, management of contracts and vendor relations, and spearheading strategic projects which increase organization efficiencies. As such this position ensures the organization remains compliant with partner banks, government entities, and other funders through thorough checks and balances processes, and by tracking and reporting financials.

Responsibilities:

  • Manage the operations of bank accounting, review journal entries, reconciliations and analytics
  • Assist in the preparation and presentation of monthly and quarterly financial information. Participate in monthly close ensuring monthly financial statements are issued on time. 
  • Assist in production of finance and accounting department information and reports to ensure relevant and accurate information needed by management, regulatory agencies, independent auditors and other interested parties is available on a timely basis
  • Work with Management to perform research, resolve issues, and create and implement policies and procedures for new strategic initiatives. Help to ensure accounting issues are properly documented and addressed, and reporting of the initiatives is accurate and efficient.
  • Ensure accounting practices and documentation procedures are performed in accordance with corporate accounting and governance policies and procedures
  • Maintain the general ledger, including assisting with the reconciliation of all general ledger accounts, ensuring accuracy and timeliness
  • Identify process improvement opportunities and implement automation tools

 

Requirements:

  • Bachelor's degree in Accounting or Finance from four-year college or university;
  • Minimum 5 years of relevant experience, including some experience in a banking environment;
  • 3-5 years in experience in public accounting, corporate, bank/financial service firm.
  • Experience with QuickBooks and strong Excel skills required;
  • Organized, disciplined thinker with ability to work independently in fast paced, rapidly changing environment;
  • Ability to handle all levels of work, both complex and repetitive tasks;
  • Excellent time management and project management skills; must be able to track and manage details for projects/tasks, and prioritize against daily responsibilities;
  • Excellent attention to detail without compromising deadlines;
  • Strong people and communication skills are essential.  Must interact productively with many different types of personalities and work levels;
  • Excellent phone etiquette and customer service skills;
  • Strong written communications and email etiquette skills;

 

Compensation:

Salary Commensurate with Experience 

How to Apply:

Please email resume and cover letter with the subject line “Working Solutions Senior Accountant” to jenelle@workingsolutions.org.

Commercial Lending Underwriter Self-Help
Chicago, IL
Job Function: Lending/Loan Operations
Posted: May 11, 2017

Background:

Self-Help is a leading national community development financial institution (CDFI) that has provided over $6.9 billion in financing to 112,000 families, individuals and businesses under served by traditional financial institutions. It helps drive economic development and strengthen communities by financing hundreds of home buyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools and residential and commercial real estate projects. The Self-Help family of non-profit organizations includes North Carolina's Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending, a national policy and advocacy organization addressing abusive lending practices.

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status, ancestry, nationality, family status or sexual orientation.  We encourage all candidates with the necessary skills and experience to apply for this role.

Position Summary:

Title: Commercial Lending Underwriter
Location: Durham, NC (Preferred), Chicago, IL, Oakland, CA (Possible)
Country: United States
Job type: Full-time

 

Responsibilities:

Like teamwork, collaboration and the art of the transaction while also making an impact in the community? Come work with our Commercial Loan Officers to structure and underwrite commercial real estate, health food systems, charter school, alternative energy and other economic development related loans greater than $250,000.  Critical to this role is the ability to assess the risk of commercial loans and help loan officers structure credit proposals for your and credit committee approvals based on a complete analysis and the quality of the due diligence presented.

Requirements:

We are looking for an individual with a demonstrated set of strong quantitative skills and an ability to provide critical risk assessment with a system thinking approach as well as solid interpersonal and written communications skills. A four year college degree (or equivalent related experience) and 2 to 3 years of experience in lending, finance or community development required.

Compensation:

We offer a casual work environment, a comprehensive benefits package and a matching 403b plan. 

How to Apply:

To apply, please send your resume and a cover letter explaining why you are a good fit for the position to hiringmanager@self-help.org. Reference the job title in the subject line.

Loan Associate IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: May 4, 2017

Background:

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

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Position Summary:

Responsible for supporting the loan origination process by analyzing applicant financial, project and management capacity and preparing loan recommendations.  Work closely with lenders across all IFF sectors and regions on loan opportunities to determine long-term fit with IFF mission and credit requirements. Manages and maintains database information with responsibility for data integrity.

Responsibilities:

  1. Support the underwriting of loan opportunities.
    • `Work directly with originations team lenders and potential borrowers to fully assess the applicant, project and financing request.
    • Spread applicant’s financials and provide historical analysis of applicant’s financial strengths and weakness in order to assess capacity for new debt.
    • Compare liquidity, profitability, and credit histories of organization being evaluated with similar organizations within industry environment to determine risk relative to sector.
    • Input relevant information into loan evaluations and summaries.
    • Analyze borrower budget and projections to assess and stress test debt service capacity.
    • Assist lender with write-up and presenting at loan committee.
    • Provide an assessment of the collateral and contribution to risk mitigation.
    • Complete a risk rating of the proposed borrower(s).
  2. Build and maintain complete records in CRM from inquiry through loan approval.
    • Ensure CRM records are completed to track status of loans as they move from application to commitment stage including key data on source of loan, date of inquiry and other process points.
    • Ensure a complete record in CRM on the account including key contacts, project information and impact data.
  3. Support the Closing and Portfolio Management team in closing approved loans and handing off complete files for post close monitoring.
    • Coordinate as needed obtaining information necessary to close loans.
    • Ensure that Portfolio Management team receives all relevant information for post-close relationship management and that files are complete.
  4. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.
  5. Perform other projects as assigned.

Performance Measures: 

  1. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications. 
  2. Timeliness, accuracy and completeness of work. 
  3. Solutions to identified issues and challenges relating to loan program implementation.
  4. Timely, accurate and comprehensive analyses and reporting.

Requirements:

Education: Bachelor’s Degree required, preferably in business, accounting or finance.

Previous Experience: At least five years of experience in the areas of accounting, financial analysis, or credit for commercial, industrial and nonprofit organizations.  Ability to perform financial statement analysis including spreading financial statements and assessing cash flow metrics.  Experience with commercial real estate or community development collateral and lending a plus.

Special Knowledge & Skills:

  1. Analytical and business writing skills required to determine credit risk and to prepare credit presentations.
  2. Proficiency in Microsoft Excel.
  3. Demonstrated interest in nonprofit sector.

Unusual Requirements: Occasional evening and weekend work.

Compensation:

Based on experience.

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with “Loan Associate” in the subject line.

IFF is an equal opportunity employer.

Managing Director of Lending IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: May 4, 2017

Background:

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

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Position Summary:

Provides leadership and management of loan origination programs and staff. Work with SVP Capital Solutions and Lending staff across Midwest region to develop products and programs and to execute on business development and loan production activities.  Responsible for setting lending and program goals and supporting the sourcing, approval and closing of loans to target market borrowers. Develops and maintains visibility and relationships with nonprofits and relevant government, association networks, and others stakeholders to promote IFF.

Responsibilities:

  1. Provides leadership and management of the loan origination programs and staff to set and meet IFF’s lending business goals.
    • Working with Regional Executive Directors, hire, train, and support marketplace and sector Lenders to target, source, evaluate and approve new business opportunities.
    • Manage lending staff across Midwest region with expectation for regular travel to best mentor staff.
    • In coordination with lending staff, develop and maintain a pipeline of business to support lending goals and program commitments.
    • Guide Lenders in the prescreening, underwriting structuring and presentation of loans to loan approval committees.
    • Work with Regional Executive Directors and Lenders on programs, products and new lending initiatives to ensure effective marketplace execution and high level of customer satisfaction.
    • Develop relationships as appropriate with significant existing and potential borrowers to develop market knowledge and promote IFF’s programs.
    • Work with Managing Director Portfolio Management to ensure successful customer relationships and coordinated communications.
  2. Develops new lending programs and products to expand IFF’s capital investment opportunities and capacity.
    • Work closely with Regional Managers and Lenders to identify and explore opportunities for new initiatives or product/program enhancements.
    • Support Finance and Resource Development with IFF applications for new programs and funding from Treasury, foundations, investors and other funding sources.
    • Coordinate as necessary within IFF to ensure that new programs and initiatives are fully developed for effective and successful implementation.
    • Collaborate with Senior Director of Structured Finance, Community Development Initiatives and RES staff to develop and execute on comprehensive solutions, initiatives or programs requiring loan capital and/or lender resources.
  3.  In coordination with the SVP-CapSol and Portfolio Management staff, supports the financial and risk goals of IFF’s Lending and capital investment business.
    •  Identify product or programmatic opportunities to meet the needs of IFF target market customers and communities.
    • Ensure new products and programs incorporate the appropriate risk criteria and capital investment parameters.
    • Participate as a voting member of IFF’s internal credit committee and assess risks, mitigants and optimal structuring of individual loan requests.
  4. Represents IFF at conferences, seminars, presentations and other events to support overall IFF goals, programs and visibility. Work with other IFF staff to support and coordinate implementation of special IFF initiatives.
  5. Maintains required job knowledge and skills and core professional competencies. Attend and participate in required educational programs and staff meetings.
  6. Performance Measures: 
    • Achievement of IFF lending and program goals.
    • Expanded origination of high performing loans that meet the needs within the market places/sectors establishing IFF as a provider of choice.
    • High level of customer satisfaction with IFF products and services. 
    • Leadership in establishing IFF as a full partner to the nonprofit sector.
    • Identifies and recommends solutions to opportunities and issues relating to loan program implementation.
    • Full participation and cooperation with other IFF teams including CDI and RES to support broader IFF business objectives.

Requirements:

Education

  • MBA or MA strongly preferred, preferably in business, accounting, finance, or community development.  A Bachelor’s degree plus five years additional relevant experience may substitute for an advanced degree.

Previous Experience

  • Minimum of ten years of experience in banking, commercial real estate mortgage lending, real estate and community development, or nonprofit management required with a track record of growth and increasing responsibility. Experience in marketing financial programs required and managing commercial borrowing relationships.  Demonstrated competence in commercial lending terminology, credit and financial analysis, loan structuring and documentation and lending policies and procedures. Supervisory experience required.

Special Knowledge & Skills

  1. Knowledge of community development principles and real estate finance and development.
  2. Familiarity with construction and lending practices and terminology.
  3. Good interpersonal and managerial skills.
  4. High level written and oral communication and presentation skills.
  5. Experience in formal presentations.
  6. Proficient computer software user, including spreadsheets and databases.
  7. Thorough understanding of nonprofit financial statements.
  8. Ability to think creatively about problems.
  9. Ability to represent the interests of IFF and the department at all levels of government and with community and civic leadership.
  10. Experience with a community development financing programs (NMTC, LIHTC, etc.) and a network of contacts with nonprofit agencies or leaders a plus.

Unusual Requirements

  • Regular travel and occasional evening and weekend work.

Compensation:

Based on experience.

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to careers@iff.org with “Managing Director of Lending” in the subject line.

IFF is an equal opportunity employer.

Senior Underwriter - Low Income Housing Tax Credit Capital One
Miami, FL
Job Function: Underwriting
Posted: May 4, 2017

Background:

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Position Summary:

Senior Underwriter - Low Income Housing Tax Credit

The incumbent is responsible for the structuring and negotiation, underwriting, closing, due diligence and compliance functions related to the origination of new credit and investment products offered by the Community Finance group, and take a leadership role in managing the deal from origination through closing.  It is expected, the incumbent will have the depth and breadth of knowledge and experience to work on the most complicated transactions with only modest day-to-day management involvement.  While serving in this role, it is expected that the incumbent will evidence a high degree of competence in all facets of departmental operations and eventually build specific subject matter expertise in an area relevant to but above and beyond the customary level of knowledge required to perform assigned tasks.

 

Responsibilities:

  • Understand and employ all lending and investment policies and procedures of the Bank and the department. 
  • Advise production staff on product and transaction structure to meet client objectives within appropriate credit and investment guidelines.
  • Identify and elevate issues that may cause a delay in approval or closing or would otherwise warrant additional investigation.
  • Communicate information requirements to clients and other deal constituents.  Serve as the central contact for provision of the requested data.
  • Complete a detailed review and analysis of the character, experience, ability and financial strength of the sponsor(s), contractor(s), guarantor(s) as well as other entities involved with the transaction.
  • Complete a detailed analysis of third party documents as well as independent review of general market economic performance, economic factors, in person review of the site and comparable properties, and other analyses which result in supportable estimates on achievable rents, absorption and vacancy. 
  • Complete a supportable operating pro-forma based on the analysis of the real estate fundamentals, as well as a variety of other documents.
  • Complete a detailed analysis of the capital budget which includes reviewing all sources, uses, funds flow timing, restrictions on funding sources, etc.
  • Identify, obtain and review all due diligence documentation required for both credit approval as well as compliance considerations, and maintain the underwriting due diligence checklist.
  • Complete or obtain and review, risk rating models and profitability analysis. 
  • Complete a written approval request that, along with financial models and exhibits, will clearly and concisely outline the details of each transaction, the underwriter’s recommendation and the basis of the recommendation.  The request will identify transaction strengths and mitigate weaknesses, and document bank compliance with internal policies and procedures as well as regulatory and other requirements.
  • Present the credit and/or investment request for approval consideration. Communicate the decision to appropriate deal constituencies in conjunction with the production staff. 
  • Coordinate required processes outside of the department scope, such as appraisals, environmental due diligence, construction risk and counterparty risk review, to make sure all issues are identified and appropriately approved.
  • Manage the transaction closing process, including review of all bank documentation for accuracy and compliance with the approval and bank standards.  
  • Review documentation related to all other sources, including equity, loan, grant, subordinated financing, rental subsidy and regulatory agreements, to verify timing, structure and transaction terms that comport with bank underwriting and approval.
  • Satisfy final approval requirements or conditions, and obtain required approvals for structural modifications that occur after original approval but prior to close.
  • Liaise with Loan and Equity Administration and Portfolio Management representatives to ensure an efficient closing, initial funding and transfer of the transaction to the Portfolio Manager.
  • Populate the electronic credit and/or investment file for each transaction.
  • Serve as the primary facilitator between the production staff in communications, discussions and negotiations with bank designated approval staff.
  • Identify areas for process improvement and lead efforts to devise or implement actions or processes to deliver results.

Requirements:

Basic Qualifications:

  • At least a Bachelor's Degree or Military experience
  • At least 5 years experience in commercial real estate banking OR At least 5 years experience in financial services
  • At least 3 years of experience in affordable housing finance 

Prefered Qualifications:

  • Strong credit and financial analysis skills
  • Ability to write in a clear and concise manner to convey complex information
  • Strong interpersonal skills including the ability to communicate effectively
  • Exceptional analytical and problem solving skills, attention to detail and accuracy
  • Proficiency in Microsoft Office, with particular emphasis on financial modeling. 

At this time, Capital One will not sponsor a new applicant for employment authorization for this position. 

Compensation:

Base Salary plus performance based annual bonus

How to Apply:

Apply here.

 

Senior Loan Officer Vital Healthcare Capital
New York, NY
Job Function: Financial Services
Posted: May 3, 2017

Background:

Vital Healthcare Capital (V-Cap) is an innovative social impact loan fund (CDFI) which finances quality care and good healthcare jobs in low-income communities across the U.S. V-Cap has a pipeline of high impact projects, $35 million in capital and a goal of growing to $100 million in 5 years.

V-Cap provides financing and technical assistance to help excellent safety-net healthcare organizations innovate and grow in a rapidly evolving healthcare sector.   V-Cap focuses on integrated and person-centered care for low-income and vulnerable populations, including the elderly, at-risk youth, people with disabilities, and people with behavioral health needs. V-Cap prioritizes healthcare organizations that enhance job quality and job skills for frontline healthcare workers. V-Cap provides flexible facility, bridge and business loans.  

V-Cap is headquartered in New York, but national in scope, with initial activity focused in MA, NY, CO, and CA.  For more information, visit http://www.vitalcap.org.

Position Summary:

The Senior Loan Officer will handle all aspects of evaluating and underwriting loans to community-based healthcare providers, including initial review, loan structuring, full underwriting and closing.  The position will also involve managing a portion of V-Cap’s loan portfolio. The Position will report to the Chief Lending Officer (“CLO”) and will support V-Cap’s business development and lending activities across its footprint.

Responsibilities:

  • Develop a deep understanding of the healthcare sector, including financial, market and regulatory issues required to successfully evaluate, underwrite and service loans.  
  • Under the direction of the CLO, assist business development staff to evaluate potential loan opportunities, and manage new and existing borrower relationships.
  • Under the direction of the CLO, evaluate,  underwrite and close new loans, including:
    • Perform due diligence review of potential borrowers, including detailed analysis of their financial statements, organizational capacity, proposed use of loan proceeds, market and regulatory environment.
    • Identify and mitigate key financial, organizational, market, regulatory and implementation risks of proposed loans.
    • Structure new loan proposals, including evaluating potential loan terms and preparing draft term sheets.
    • Prepare initial loan summaries and comprehensive credit memos, and present proposed loans to management and Loan Committee for review and approval.
    • Manage all aspects of the closing process, including working with outside legal counsel, reviewing closing due diligence and negotiating loan documents.
    • Manage a portfolio of existing loans, including reviewing financial, impact and other reporting, monitoring compliance with loan terms, handling loan modifications and workouts and conducting annual site visits.
  • Performing other related work as needed.

 

Requirements:

  • Master’s Degree in Business Administration, Finance, Public Health, Public Policy or related field, or B.A. plus equivalent experience.
  • 5-7 years’ of lending experience in community development finance, healthcare finance, commercial lending or related field.  Demonstrated underwriting experience required.
  • Demonstrated experience in structuring, underwriting and negotiating complex community development financial transactions, including balancing mission goals with solid underwriting judgement and risk mitigation.
  • Knowledge of the healthcare industry, business lending and/or formal credit training a plus.
  • An understanding of financial accounting is required. 
  • Strong analytic skills, including financial analysis, business planning or organizational assessment, and qualitative research.
  • Ability to identify, evaluate and mitigate risk.
  • Ability to think proactively and creatively to effectively solve problems. 
  • Strong interpersonal skills.
  • Ability to manage multiple tasks effectively to meet deadlines.
  • Strong verbal and written communication skills.
  • Must be highly motivated, able to work independently, with modest supervision, and collaboratively in a team setting.
  • Modest travel required.
  • Must demonstrate strong ethics in interpersonal relations.
  • Proficient knowledge of Excel, MS Word and Power Point.
  • Demonstrated passion for working in a mission driven organization with a commitment to affecting positive change in low-income communities.

 

Compensation:

Salary and benefits are competitive and commensurate with experience.

How to Apply:

To apply, please submit your resume, cover letter and salary requirements to recruiting@vitalcap.org, with “Senior Loan Officer” in the Subject line.  

Vital Healthcare Capital is an equal opportunity employer, is committed to inclusion, and welcomes candidates from diverse backgrounds.

Director of Advocacy Fahe
Berea, KY
Job Function: Advocacy/Policy
Posted: May 1, 2017

Background:

Want to make a difference? Fahe is on a mission to eliminate persistent poverty in Appalachia. Our unique collaborative model connects a Network of local, regional, and national leaders, all working together to uplift our nation’s rural places. Since our inception in 1980, the Fahe Network has served more than 375,000 people, made over $609 million in direct investments, and achieved a total cumulative financial impact of over a billion dollars in Appalachia.

Position Summary:

Fahe is looking for a new Director of Advocacy. This position will serve Fahe and our Membership by representing us at the state, regional, and national levels and moving our collective advocacy agenda forward. Reporting to the CEO, this position will work with the executive staff, board of directors and an outside lobbying firm on a regular basis.

Responsibilities:

  • Work with President and Policy Committee to craft, execute and report on our Advocacy/Policy Agenda
  • Oversee and coordinate internal work for Advocacy, and with lobbying firm
  • Represent Fahe and our Members at national and regional events.
  • Create and promote content to legislators, trade groups/coalitions, program offices and strategic partners
  • Translate details from big picture/national climate
  • Responsible for Departmental budget and goals
  • Ability to report (memos) to staff/caucuses/board on behalf of Advocacy Team
  • Maintain legislative calendar and contacts list

Requirements:

  • Familiarity with federal programs, laws and regulations
  • Familiarity with nonprofit development organizations
  • Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization
  • Able to work independently as well as collaboratively
  • Ability to Travel as needed – experienced solo and air traveler preferred
  • Proficient relationship-building skills Preferred

Education and Experience:

  • Undergraduate degree required
  • Experience at state or federal level with legislative affairs.

Compensation:

TBD

How to Apply:

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

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

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