Spruce Root helps entrepreneurs overcome barriers to financial services and develop local capacity within our Southeast Alaskan communities. Headquartered in Juneau, Alaska Spruce Root was founded by Haa Aaní, LLC in 2012 under the name Haa Aaní Community Development Fund, Inc. with the goal of improving entrepreneurial capacity and access to capital for entrepreneurs in Southeast Alaska. As an emerging Community Development Financial Institution (CDFI), we spent our infancy learning about CDFI best practices, building community relationships, raising capital to lend. By 2016 we had 8 loans in our portfolio and $3.5 million in lending capital. In early 2017 we underwent a name change and re-branded as Spruce Root, Inc. This signified our own transformation from an emerging CDFI to an established organization with the governance, staffing, and resources necessary to operate as an autonomous entity.
The Executive Director is responsible for executing and directing Spruce Root’s operations and carrying out the mission of the organization. The Executive Director is fully responsible for financial (P&L) oversight of the organization, maintaining a strong and growing balance sheet, and capitalization of the CDFI to meet strategic growth goals. The position reports to the Board of Directors and is responsible for carrying out the initiatives and policies of the organization.
- Provide general operational oversight of the CDFI operations. Works with the Spruce Root team to develop and implement a comprehensive regional and statewide economic development strategy to be Alaska's leading entity promoting community-based economic development initiatives.
- Represent Spruce Root’s interests with regional, statewide and national stakeholders to advance and support the mission of the CDFI.
- Develop and implement long-term, sustainable growth strategies to position organization to be self-sustaining and meet organizational growth goals.
- Negotiate and approve all contractual agreements binding the CDFI.
- Full organizational budgeting, planning and P&L oversight and responsibility.
- Ensures all CDFI activities employ best practices and meets industry benchmarks.
- Proactively engage with federal, state and philanthropic stakeholders to overcome any obstacles for achieving mission in the region.
- Responsible for ensuring company visibility in all aspects of the community, establishing and maintaining relationships with other organizations in the community to maximize economic development services.
- Ensure program managers meet financial and performance metrics.
- Report quarterly to the Board and develop policies to ensure organizational impact and growth in the region.
- Execution of the 5 Year Strategic Plan
- Lead external relationship building and marketing efforts to build consulting and lending pipeline.
General Qualifications, Knowledge and Skills
- Bachelors or higher degree in business, finance, public administration, economic development, or a related field within the private sector.
- Minimum of seven years of experience in an economic/community development capacity and for-profit and non-profit experience impacting communities.
- Ability to effectively develop and lead a diverse and dynamic team located across the Southeast Alaska region.
- Managerial skills – leading, planning, organizing, controlling and administering.
- Knowledgeable of state and federal government, with an ability to read, interpret, understand and affect policies and legislation.
- Ability to work cooperatively and collaboratively with all levels of employees, management, external agencies and philanthropic/impact investment partners to maximize performance, creativity, problem-solving, and results.
- Strong personal passion for Spruce Root’s mission
- Worked for a CDFI or related entity.
- Strong acumen with budgeting and planning process
- Proficient in developing and executing organizational policies
- Working knowledge of financial statements and GAAP standards
- Strong communication skills (written and oral) and ability to speak in a public setting
- Strong ability to build and grow productive team members in remote settings
- Experience working in community development and achieving results
- Strong attention to detail and organization
- Background in rural economic development activities
- Position is subject to satisfactory completion of a background check, and reference check. A valid driver’s license is also required for this position.
How to Apply:
For more information, visit www.spruceroot.org or call 907-586-9251.
To apply: Please submit a resume and cover letter by email describing your qualifications and interest in the position at Spruce Root to:
Subject line: Attention: Hiring Committee
What We Do:
Nonprofit Finance Fund (NFF) works toward a more just and vibrant society through:
Financing that invests in missions. Our customized financing strengthens hardworking nonprofits and social enterprises.
Consulting that empowers leaders. Our experts equip you to make financial decisions that best serve your mission.
Partnering on big problems. Service providers, funders, and investors turn to us for new ways to collaboratively support stronger, fairer communities.
Learning that helps illuminate paths to solving complex social issues. Sharing experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis – makes it easier.
NFF advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing that empower leaders, organizations, and ideas. A leading Community Development Financial Institution (CDFI), NFF currently manages over $310 million. Since 1980, we have provided almost $700 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide.
The Financial Services team is seeking to hire a Portfolio Manager. The Portfolio Manager is a member of a close-working team of professionals dedicated to sourcing, underwriting, closing and managing a portfolio of loans to nonprofit organizations, primarily in the health, education, and human services sectors. The Portfolio Manager will be responsible for managing borrower relationships, and analyzing and monitoring the performance of loans and borrowers, primarily in the State of California. The Portfolio Manager shall manage borrower relationships, conduct financial analysis, and complete the underwriting and restructuring of loans, as well as provide technical assistance in order to support the success of borrowers and the health of the loan portfolio. The role requires creative structuring and resourceful relationship and partnership development to succeed in maintaining the quality of the portfolio.
- Portfolio Management – Part of a team responsible for overseeing and managing NFF’s loan portfolio. Loans range from working capital lines of credit to construction loan financing for major capital projects. After loan approval and closing:
- review draw requests and back-up documentation for compliance with applicable loan requirements, including construction draw documentation and reports;
- monitor loan covenant compliance, and ensure timely evaluation of client financial condition, organizational trends, collateral coverage and repayment ability;
- enter and ensure accuracy of loan and client data into Salesforce;
- monitor and resolve any loan billing or collection issues;
- develop subject matter expertise in the health, human services and education sectors in order to evaluate clients’ operating performance, as well as risks and opportunities;
- conduct risk rating reviews in order to obtain an accurate assessment of repayment risks;
- undertake increased scrutiny and monitoring of higher-risk loans, and manage delinquencies;
- complete evaluations of loans and lines of credit amendments, renewals and restructurings, and present recommendations to NFF’s credit committees on a timely basis, and with guidance and oversight from the Director of Portfolio Management and Chief Credit Officer, execute collection strategies and action plans, assist in negotiations, and restructure loans when necessary.
- Underwriting – Complete underwriting of lines of credit where renewal options have been exhausted, underwrite new loans to portfolio clients on an as-needed basis, and present recommendations to NFF’s credit committees.
- Communication and Reporting – Communicate and meet with portfolio clients. Communicate and coordinate with Financial Services team members on new business opportunities, and share sector and market information and knowledge. Assist with the collection and analysis of loan portfolio data and preparation of reports.
- Relationship Management and Technical Assistance – Monitor and proactively work with clients to evaluate their overall financial health, improve their operating performance, and meet their financing and facilities needs. With support from the Director of Portfolio Management, develop appropriate financial solutions which meet client needs and protect NFF’s capital.
- Internal and External Relations – Maintain a culture of quality customer service at all points of contact with clients, colleagues, board and committee members, and other partners.
- Other Duties – Supports and contributes to a diverse range of Financial Service projects and initiatives.
- Bachelor’s degree or equivalent experience required.
- At least three (3) years of direct lending or portfolio management experience, ideally at a community development financial institution, a commercial bank or other financial institution.
- Strong financial analysis skills, with attention to detail and familiarity with nonprofit accounting.
- Excellent written and oral communications and interpersonal skills.
- Strong time-management, multi-tasking and organizational abilities.
- Self-starter with the ability to work with limited supervision as well as collaborate with a close-knit group.
- Ability to take initiative and focus on results.
- Proficiency with Microsoft Office applications, including Word, Excel and PowerPoint; experience with Salesforce preferred.
- Interest and ability to travel to meet with portfolio clients.
Specialized Knowledge/Beneficial Skills and Experience:
- Experience with real estate and construction financing.
- An openness to learning new skills and systems, with an entrepreneurial work ethic.
- Demonstrated commitment to the nonprofit community.
- Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor.
All salaries are commensurate with experience and include an attractive benefits package.
How to Apply:
To apply please visit: http://nonprofitfinancefund.applytojob.com/apply/x5fj5pibez/Loan-Portfolio-Manager-Oakland-CA?source=OFN
For over 25 years, CSH has been a game-changer for the most vulnerable people in our country:
- Helping communities create 200,000 homes for individuals and families who did not have one;
- Bringing hope to thousands who thought they would live on the streets or reside in institutions forever;
- Ensuring not only a stable home for each, but access to the services that brought healthcare, recovery and training to their doorsteps;
Working for CSH:
If you have a desire to make a difference for people and families we have a place for you. Not only has CSH proven supportive housing works and does change the lives of individuals facing acute disabilities, complex medical and mental conditions, substance use disorders and economic barriers, we have done so while creating a family of nationally recognized experts who stay committed to our organization and mission throughout their careers. We attract talented professionals, offer competitive salaries with benefits, generous family leave and PTO, and fully embrace the philosophy that a sustainable work-life balance is desirable and achievable. With the aim of attracting good people who possess the confidence and drive to get the job done, CSH is now accepting applications for a Sr. Accountant / Controller in our Finance Team. The Finance Team is an integral part of CSH focusing on efficiency, accuracy and transparency of business support services. This position will be based in New York, New York.
Reporting to the Chief Financial Officer, the Sr. Accountant / Controller will be responsible for accurate and timely financial and accounting functions for the organization and for CSH’s fifteen affiliated LLCs. He/she will oversee CSH’s audits; ensure internal controls in accordance with GAAP; and manage all accounting related activities including accounts payable and receivable, general ledger, payroll, relationship management with banks and other vendors, and supervision of CSH’s accounting team.
CSH is a collaborative organization and in this role you will work closely with the CFO and CSH’s leaders in an environment that supports continuous learning and improvement while ensuring adherence to appropriate accounting practices and reporting mechanisms.
- Manage all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements as well as the requirements of private contributions, loans and government contracts.
- Maintain internal control safeguards for the receipt of revenue, costs and both team and organizational budgets and actual expenditures.
- Implement consistent accounting policies, practices and procedures across all programs.
- Prepare periodic financial statements and analysis for internal and external audiences.
- Lead and coordinate all audit activities, all tax reporting, and compliance with financials rules and regulations.
- Provide leadership and direction over accounting functions and staff.
- Develop successful financial strategies and make recommendations to the CFO and senior management regarding financial and accounting systems.
- Work on continuous improvement of all finance and accounting systems (including general accounting, payroll, accounts payable and receivable; and grant and contract administration) and ensure the organization maintains state of the art systems, policies and procedures as they related to accounting practice.
- In conjunction with the CFO, establish financial and operating benchmarks, program monitoring and reporting standards.
- Participate in a wide variety of special projects and compile a variety of special reports.
- Coach, mentor and supervise direct reports, building on strengths and supporting development and training as needed.
All CSH staff share a common competency framework. These guide our approach and in turn, help us create value. CSH staff are adaptable, entrepreneurial, creative, flexible, and problem solvers. We are strategic thinkers with a sense of humor, persistence, and a commitment to treating others with respect.
Specific skills and experience include:
- Bachelor’s degree in accounting required, CPA preferred.
- 10+ years of prior experience at Controller / Sr. Accountant level role at not-for-profit. Equivalent experience may substitute for education.
- Passion for the CSH mission and possession of the leadership and management skills necessary to advance and realize CSH’s vision and further enhance the organization’s reputation in communities that it serves.
- Previous experience with and comprehensive knowledge of fund accounting principles and practice.
- An ability to work with internal colleagues and partners with a focus on problem solving in a positive and customer service focused approach.
- An ability to communicate clearly and simply, and the ability to think strategically.
- Successful supervision of professional staff, hands on management style.
- Ability to take initiative and pursue goals with minimal supervision.
- The finance team is located in New York but he/she must be comfortable working with virtual stakeholders as most of the work with programmatic leaders and internal stakeholders occurs via telephone and email.
- Proficiency in using Microsoft Office Suite including Word, Excel, Power Point and Outlook.
- Sound business ethics, high level of integrity and ability to preserve sensitive and confidential data.
Commensurate with Experience
How to Apply:
Interested in joining our team as a leader in the national supportive housing movement?
To Apply: Candidates should apply by clicking on the link below. All candidates should attach their Resume, Cover Letter and Salary Expectations as one Microsoft Word or PDF document.
CSH is proud tht it has been and always will be an Equal Opportunity Employer
Neighborhood Trust’s mission is to empower low-income individuals to become productive participants in the U.S. financial system and achieve their financial goals. Neighborhood Trust serves nearly 9,000 clients each year via its elite corps of specially trained Financial Counselors and is an industry leader in the financial inclusion field. We are cultivating our model as a scalable social venture that incubates technology-led financial services innovations for low-wage workers. We are growing quickly with strong support from leading foundations and strategic partnerships helping us achieve national scale. Neighborhood Trust has received recognition and awards as a leading innovative nonprofit seeking to alleviate poverty and as a developer of financial solutions.
Neighborhood Trust Financial Partner’s (Neighborhood Trust) mission is to empower low-income individuals to become productive participants in the U.S. financial system and achieve their financial goals. Neighborhood Trust serves more nearly 9,000 clients each year via its specially trained corps of Financial Counselors and is regarded as an industry leader in the financial inclusion field. The NYC Center for Economic Opportunity named Neighborhood Trust among the City’s 10 Most Innovative Nonprofits seeking to alleviate poverty.
You’re excited by the prospect of joining an innovative, data-driven organization in an emerging field and are attracted to working on a program in an active state of evolution. You feel passionate about improving the lives of low- to middle-income individuals through financial wellness.
You have excellent interpersonal skills and enjoy fostering relationships with employee clients and employer partners alike. You’re flexible and enjoy a schedule that has variety designed to meet employee availability. You are adaptable and welcome the opportunity to work in diverse settings. You’re self-motivated and take initiative when faced with ambiguity. You are a critical thinker who wants to find the best solution that produces the best outcome. You want to be part of a dedicated team of smart, interesting people who are passionate about improving the lives of low- and middle-income New Yorkers.
About the position:
Financial Counselors assess clients through one-on-one financial counseling and then develop and implement a unique set of recommendations to improve their personal financial situation. Additionally, Financial Counselors may facilitate financial capability classes for groups. Financial Counselors, using their professional discretion and judgement, develop specific plans of action, materials, strategies and approaches to teach, guide and empower clients take control of their personal finances. These plans may include referrals to specialists and recommendations around debt reduction, credit improvement, money management, optimizing the use of financial services, building assets and working toward their short- and long-term goals.
Financial Counselors require excellent professional judgement and must exercise discretion in adapting teaching and counseling tools and resources to meet the specific and unique needs of each client. They are required to be goal-driven, mission-aligned, client-centered employees who counsel and promote financial wellness among low- and moderate-income individuals through delivery of Neighborhood Trust Financial Partners (NTFP)’s package of financial empowerment services. These services include individualized financial counseling, group learning sessions and ongoing support as clients pursue their financial goals.
The services offered by Financial Counselors are scheduled to meet the needs of our clients. As such, schedules usually include evenings, early mornings and weekends and are often delivered at community-based organizations, financial institutions and employer partner locations. Financial Counselors work with a high degree of independence, being embedded within partner organizations for significant amounts of their assigned work time without supervision. Financial Counselors serve as a representative for NTFP at their assigned partner location. Financial Counselors complete four to five weeks of full-time introductory training on technical elements of personal finance, counseling and facilitation techniques, and our service delivery model. Due to the wide range of topics within personal finance and the evolving nature of consumer rights protections, resources and financial products available, Financial Counselors are expected to take ownership for ongoing learning and skill development.
- As part of an innovative and dynamic organization, the position is actively evolving and responsibilities change as services are refined and new partnerships are developed. The following are responsibilities assigned to Financial Counselors depending on details of work assignment.
- Work directly with clients to provide high-quality financial counseling and education via individualized counseling model and personal finance course, including the delivery of personalized Financial Action Plans
- Provide ongoing support and actively engage program participants to promote financial health
- Participate in cross-training and cross-referrals with host sites
- Document services and gather session data for program reporting and evaluation
- Achieve program and site goals for client impact and service outputs, working with partners and taking initiative with client outreach and engagement
- Deliver brief and persuasive presentations on our services to potential clients or referring partners
- Engage with potential clients at benefit info fairs or during times when they are on site and otherwise available to promote our services
- Communicate with clients via telephone, SMS, email and interactive web platform to follow up on progress towards achieving financial goals
- Participate in regular team meetings and continued skill-building training sessions.
- Research financial products, consumer rights, and additional resources on an ongoing basis and as needed specifically for cases
- Represent NTFP in media inquiries, at events within field, and in communication with peer organizations
- Bachelor’s degree or equivalent experience required
- Specialized counseling training for providing financial empowerment services to low and moderate income individuals. Applicants without prior training but who have professional knowledge about personal finances (money management, savings, financial products and services or consumer rights) may be considered for the position and must successfully complete NTFP’s 4- to 5-week training course upon hire in order to serve in position.
- Have a minimum of two years of full time work experience in economics, financial literacy, human services, business, personal finance, start-ups, direct service, community organizing, education, or social services.
Required Skills and Attributes:
- Ability to work independently and meet deadlines without supervision
- Excellent communication and interpersonal skills; counseling and teaching/facilitation skills preferred, especially with adults or in non-traditional settings
- Knowledge-based and training-based professional judgement and discretion to adapt services as needed
- Strong attention to detail
- Critical thinking
- Ability to take ownership of continued learning and personal finance research
- Effectively receive and implement supervisory feedback
- Must effectively communicate in English and Spanish
Neighborhood Trust offers a competitive salary and benefits, commensurate with experience and skills.
How to Apply:
If this is the job for you, please email a resume and thoughtful cover letter to Human Resources at firstname.lastname@example.org using the subject line "Financial Counselor".
email@example.com | http://www.neighborhoodtrust.org
LIIF is dedicated to creating pathways of opportunity for low income people and communities.
Serving the poorest of the poor, LIIF is a steward for capital invested in community-building initiatives. In so doing, LIIF provides a bridge between private capital markets and low income neighborhoods.
LIIF is a community development financial institution (CDFI) that provides innovative capital solutions that support healthy families and communities. As a CDFI, LIIF invests in projects that have high social value but may not be able to access the services offered by traditional financial institutions. In this way, LIIF connects low income communities with the capital markets.
The Asset Manager/Senior Asset Manager is responsible for the overall asset management of a portfolio of loans made to support the development of affordable housing, child care facilities, charter schools, and other community facilities. The Asset Manager/Senior Asset Manager also collaborates with Loan Officers in underwriting new loans. As part of the Lending team, the Asset Manager/Senior Asset Manager supports the achievement of regional and overall Lending work plan goals.
- Loan Monitoring – The Asset Manager/Senior Asset Manager will be responsible for the ongoing asset management of a portfolio of affordable housing, health providing facilities, charter schools, and community facility loans, including construction loans’ monitoring and draws approvals. These positions also include developing a relationship with each borrower and conducting regular loan monitoring reviews. The Asset Manager/Senior Asset Manager will prepare Loan Monitoring Reports for each loan on a regular schedule to review overall asset and credit quality, including performance against original underwriting expectations. Such reviews evaluate information including borrower/sponsor financial condition and operating performance, rent rolls, project status reports, covenant tracking and compliance, and overall analysis of the credit condition of the borrower/sponsor, as informed by a complete understanding of LIIF’s relationship with and exposure to the sponsor developed in collaboration with the Loan Officer and other LIIF staff. The Asset Manager/Senior Asset Manager is responsible for making recommendations to senior management by integrating and analyzing these data and making judgments on their significance and quality.
- Site Visits – The Asset Manager/Senior Asset Manager will conduct regular site visits and prepare site visit reports for loans in his/her portfolio in accordance with lending procedures.
- Non-performing Loans – The Asset Manager/Senior Asset Manager will work under the direction of the Manager of Asset Management and Underwriting in managing non-performing loans, including but not limited to: conducting site inspections, appraisal reviews, borrower and project financial analyses; participating in developing loan restructuring strategies and alternatives; monitoring compliance with loan restructure agreements, and preparing monitoring reports and action plans.
- Loan Extensions and Modifications – The Asset Manager/Senior Asset Manager will be responsible for any required loan extensions and modifications in his/her portfolio. For loans where the borrower is seeking an extension or modification, the Asset Manager/Senior Asset Manager will work closely with the borrower to provide an assessment of the necessity, feasibility and credit-worthiness of such extension or modification, and communicate same with the Manager of Asset Management and Underwriting and the Chief Credit Officer. The Asset Manager/Senior Asset Manager will conduct an analysis of the credit and then make and support a recommendation as to the extension or modification terms and conditions, if an extension or modification is deemed appropriate.
- Loan Origination: As requested, the Asset Manager/Senior Asset Manager will collaborate with the Loan Officer in performing thorough due diligence review and evaluation of loan requests including but not limited to site inspections, financial proforma analysis, evaluating feasibility and likelihood of repayment sources, appraisal reviews, entitlement/land use assessments, environmental report reviews, and analyzing borrower financial statements.
- Customer Service: The Asset Manager/Senior Asset Manager will maintain a positive and professional relationship with LIIF’s customers and business partners (which include third party lenders, attorneys and other external parties such as appraisers) by both initiating and responding promptly to any and all requests in a responsive, consistent, and accurate manner.
The ideal candidate for this position will have these key qualifications:
- For Credit Associate, one to two years of experience in real estate-based lending and/or business lending, including borrower contact, credit analysis, due diligence and loan documentation; For Senior Credit Associate, five years of experience in real estate-based lending and/or business lending, including borrower contact, credit analysis, due diligence and loan documentation
- Proficiency in analyzing financial statements of for-profit and nonprofit organizations and their real estate operations (in particular, rental housing and community facilities occupied by a single tenant). Familiarity with basic accounting principles including the ability to translate cash to accrual accounting and vice versa.
- Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities (e.g., child care centers, educational programs, health clinics, etc.)
- Working experience with both private sector financial institutions and public agencies
- Basic familiarity with business law concepts including contracts, loan collateral, uniform commercial code, creditors' rights and forms of business organization and sufficient knowledge to review and negotiate loan documents.
- Proficiency with Microsoft Office Suite Programs, and other database software
- Excellent skills in managing multiple tasks requiring strong attention to detail
EDUCATIONAL AND OTHER REQUIREMENTS:
Educational background should include a bachelor’s degree in a relevant area of study such as real estate, urban planning, business administration or finance, and at least an introduction to accounting; an advanced degree is preferred. In addition, the position requires a high degree of self-motivation, dedication, creativity, and perseverance; flexibility with time and willingness to accept a demanding (and personally satisfying) position. Excellent teamwork and strong time management skills are essential. Travel is required, and candidates must have a valid driver’s license.
we offer a competitive compensation and benefits package
How to Apply:
Forward cover letter (including salary expectation & history) with resume to:
Low Income Investment Fund
Attn. Human Resources
50 California St., Suite 2900
San Francisco, CA 94111
No phone calls please. Only candidates being considered for a position will be contacted.
LIIF, an EOE (Equal Opportunity Employer), believes that diversity ensures excellence. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender or national origin.
About BMO Harris Bank
BMO Harris Bank provides a broad range of personal banking products and solutions through nearly 600 branches and fee-free access to over 40,000 ATMs across the United States. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. For more information about BMO Harris Bank, go to the company fact sheet. Banking products and services are subject to bank and credit approval. BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is part of BMO Financial Group, a highly diversified financial services provider with total assets of CDN $710 billion (as of October 31, 2017), and more than 45,000 employees.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of January 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
Associate, Commercial Banking
We are looking for a talented Associate to join our alternative investment team. We are a market leader for investing in SBIC-licensed Private Equity funds across the U.S. with over 50 fund investments in our portfolio. Additionally, we invest in Workforce Housing funds and other real estate strategies that support the bank's CRA strategy in the cities of Chicago, Milwaukee, Madison, Indianapolis, Minneapolis/St. Paul, St Louis, Phoenix, Tampa and several other locales. Asset classes include low-income housing funds, charter school facilities funds and retail funds. On a select basis, we offer third-party equity to experienced owner/operators of multi-family LMI housing.
The Associate is responsible for underwriting a wide range of privately offered alternative investments and managing a growing portfolio of assets in a proactive and independent manner. The Community Investments Group, within the Corporate Finance line of Business, supports the BMO Harris Bank’s Community Reinvestment Act (CRA) objectives by investing in lower middle market private equity funds, real estate investment funds, low income housing tax credit funds, and collateralized loan pools. The team manages over 200 individual investments and the Associate will be assigned 40-50 accounts to monitor in addition to underwriting new investment offerings. This role will make investment decisions and recommendations in compliance with Bank Policies & Procedures.
- High quality underwritings
- Consistently produce clear and concise credit correspondence highlighting key issues specific to the Investment. Write up should reflect an understanding and diligence of key risks / mitigants. Allocations to specifically address how our investment is expected to be used, overall sources and uses as well as expected timing and source of repayment and return. Written work to be free of inconsistencies and relatively free of typos;
- Demonstrate understanding of Group Financing Guidelines, the CLP and Bank Policy and Procedures; and
- Take increasing ownership of diligence processes both internally and with the sponsor
- Understanding and managing Community Investment’s internal/external processes
- Demonstrate knowledge of the audience and good communication skills. Presentations to be clear and concise focusing on key credit elements, mitigants and business rationale for the transaction;
- Manage the process to meet sponsor timeframes; and
- Ensure the investment qualifies for CRA and understand the documentation requirements to allocate the investment to a specific assessment area.
- Effective communication and coordination among stakeholders (Corporate Finance partners, Community Development Lending).
- Build understanding of the basic tenets of legal documentation. Ensure documents match approved terms in the Investment Transaction Summary. Raise concerns or questions to further knowledge of the documentation process.
- Portfolio Management
- Maintain appropriate risk ratings and pro-active portfolio management for assigned investments including but not limited to:
- Surface issues of concern to senior team member on the account;
- Annual reviews completed on a timely basis; in accordance with schedule;
- Maturity dates extended as appropriate;
- Past due payments followed-up on as appropriate;
- Financial statements and other tracking items received;
- Ensure that all compliance is timely received and reviewed. Escalate signs of credit deterioration to senior team member(s);
- Provide updates quarterly on watchlist investments; and
- Identify opportunities to dispose of investments nearing the end of the compliance period as appropriate.
- Develop rapport with assigned sponsors. Attend annual LP meetings when feasible.
- Reply promptly to requests from CRA Governance for additional information.
- Remain current on issues affecting the Community Development and Lower Middle Private Equity industries, including but not limited to:
- Attending at least one industry conference and/or training seminar;
- Reading industry related articles, periodicals;
- Remain current on market to enhance credibility; and
- Maintain a working knowledge of major trends.
- Be informed on regulatory changes and trends related to the Community Reinvestment Act (CRA).
- An undergraduate degree in finance, economics, or accounting.
- MBA degree preferred.
- 3+ years of corporate banking experience as an Analyst in a corporate lending environment.
- Knowledge of capital markets, investment banking products and applicable regulations.
- This position requires Credit Qualification. The incumbent must possess a working level of Credit knowledge and skills according to the standards established within the Credit Qualification Process Policies & Procedures.
- Credit analysis experience/ understanding.
- Good knowledge of the organizational lending and portfolio management policies and objectives.
- Typically individuals continue in an Associate capacity between 3-5 years with growing responsibility.
Compensation commensurate with experience and position.
How to Apply:
Interested individuals may apply by clicking on the link below:
Founded in 1984, RSF Social Finance’s mission is to create financial relationships that are direct, transparent, personal and focused on long-term social, economic and ecological benefit. We accomplish this through a unique and diverse set of catalytic loan financing, values-aligned impact investing, and innovative charitable giving offerings to our clients throughout the world as well as through our commitment to empowering leaders and advancing innovations in the field of social finance.
RSF Social Finance is a proud equal opportunity/affirmative action employer supporting workforce diversity. We do not discriminate based upon race, ethnicity, ancestry, citizenship status, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), marital status, registered domestic partner status, caregiver status, sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, genetic information, military or veteran status, mental or physical disability, political affiliation, status as a victim of domestic violence, assault or stalking, or other applicable legally protected characteristics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
- RSF Social Finance, a pioneering force in the social finance, impact investing and philanthropic sectors for over 35 years, is looking for a talented, creative and collaborative Legal Assistant/Paralegal to help drive organization and effectiveness for RSF Social Finance’s Legal Department. Work from our offices located in San Francisco’s historic Presidio national park alongside RSF’s amazing mission-driven, entrepreneurial and fun group of 30+ full-time staff members. Full-time salaried position. Pay commensurate with education and experience. Health, dental and vision insurance fully employer-covered. Retirement plan, PTO, and sick leave also provided. FLSA Status: Non-exempt
- The position will support our General Counsel and assist with all things legal: corporate matters and board support, impact investing and financing transactions, compliance matters, legal department administration, staff trainings and interaction with our incredible clients and partners. Candidates must have excellent writing, organizational and communication skills, amazing attention to detail and a passion for changing the world!
- The General Counsel reports to RSF’s Chief Executive Officer, oversees all legal matters for the organization and partners across the company to develop creative and thoughtful legal solutions that maximize RSF’s impact and further our mission.
- Provide day-to-day transaction support, calendar administration, meeting coordination, and communication flow management both internally and externally
- Assist with routine legal work such as drafting letters and emails, creating agreements from templates, managing contracts and closings, preparing corporate and compliance filings, and conducting research and due diligence projects
- Take an ownership role in special projects related to impact investment offerings, social enterprise lending and legal operations
- Provide administrative support for Board meetings, including management of agendas, preparation and distribution of meeting materials, and note-taking and preparation of meeting minutes
- 2+ years supporting legal (either at a law firm or in house) preferred; will also consider applicants with commensurate education and/or experience in law, finance, investing, or nonprofit sector
- Extraordinary organizational ability and demonstrated success at all levels of administrative tasks
- High-level written and verbal communication skills
- Talent for working independently, creatively and efficiently
- Capacity to research new and unfamiliar issues and collaborate with others
- Ability to maintain a high level of professionalism and confidentiality
- Fluent in Microsoft Outlook, Word and proficient in PowerPoint and Excel
Depending on experience
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 how your skills and experience would enable you to be successful in this role. In the e-mail subject line, please write “Legal Assistant/Paralegal”. Please note that applications without a cover letter will not be considered. No phone calls please. Applications will be accepted on a rolling basis.
Capital Link is a national, non-profit organization that has worked with hundreds of health centers and Primary Care Associations for over 18 years to plan capital projects, finance growth and identify ways to improve performance. Established through the community health center movement, Capital Link is dedicated to strengthening and expanding high-quality, community based healthcare in a rapidly changing marketplace.
Capital Link provides an extensive range of services to health centers and Primary Care Associations.
We assist non-profit Federally Qualified Health Centers (FQHCs) and similar organizations by providing:
- Industry vision and leadership in the development of capitalization strategies for facilities and operational expansion.
- Metrics and analytical services for measuring health center impact, evaluating financial and operating trends and promoting performance improvement
- Direct assistance to health centers and complementary nonprofits in planning for and financing operational growth and capital needs
Title: Project Consultant
Location: Boston, MA preferred; will consider other locations for right candidate
Capital Link is seeking a full-time, experienced professional with strong finance, analytical and communications skills to provide consulting expertise with respect to the planning and financing of non-profit community health center building and equipment projects. The ideal candidate will be a mission-oriented, outgoing person who enjoys travel, meeting and listening to clients, and developing solutions/strategies to address their needs.
The position involves working with individual community health centers and groups of centers to assist them in planning and obtaining financing for capital projects. Work with individual centers includes developing financial projections and business plans for their projects and evaluating, structuring, and closing complex financing transactions involving multiple sources of funding including federal, state, and private grants and loans, New Markets Tax Credits (NMTC), and other tax-advantaged financing instruments.
This position reports to Capital Link’s Director of Community Health Center Advisory Services and must be able to work independently as a project lead and/or as a member of specific consulting teams.
• Through individual consulting and through group training programs/learning collaboratives, help health centers understand their capital needs and plan for successful capital projects, including assessing their readiness, identifying market needs, determining their ability to support debt, identifying their best funding options and assembling and managing a project team.
• Assist centers in developing financial projections and business plans for their projects.
• Identify funding sources and structure complex financing transactions for health center projects. Guide health centers through the process of finalizing their funding plans through the loan closing and documentation process.
• Participate in marketing Capital Link services to potential clients.
• Develop and maintain relationships with potential investors and partner funding organizations to arrange tax-advantaged financing for health centers.
• Conduct webinars and in-person trainings to inform and educate Primary Care Associations, lenders, foundations, and others regarding the capital needs and financial capacity of health centers.
• Participate in further developing and expanding Capital Link’s technical assistance programs (including performance improvement strategies) as well as educational and training programs.
• Other responsibilities, as assigned.
• Education. Undergraduate or graduate degree in finance or similar field required. MBA preferred.
• Financing expertise. Proven ability to evaluate, structure, and close complex financing transactions with multiple sources of funding: federal, state, and private grants and loans, NMTC financing, and other tax-advantaged financing instruments such as tax-exempt bonds. Participation in a credit-training program at a large bank a plus.
• Capital development knowledge. Proven understanding of the capital development process and competence to provide technical assistance (business plans, forecasting, market assessments) to ensure successful planning and completion of projects.
• Knowledge of Legal Documents. Working knowledge of legal documents used in bank and/or NMTC financings.
• Financial Experience: Minimum of three years of lending, community development financing, healthcare operations and/or related consulting experience preferred.
• Project Management: Minimum of three years of experience developing, leading and managing projects both individually and as a member of a team.
• Mission Driven: Commitment to the larger mission of expanding access to primary and preventive health care.
• Health Center Knowledge. An understanding of the health care industry and working knowledge of the financial operations and reimbursement patterns of community health centers is a plus.
• Other: Excellent organizational, verbal and written communication skills, analytical and critical thinking abilities, and knowledge of MS Office products are required. Public speaking experience and advanced knowledge of MS Excel a plus.
Travel: Position requires travel to health centers, PCA sites, and conferences up to 30% of time.
Competitive salary and benefits package, based on education and experience. Benefits include: health and dental insurance, 403b retirement plan, SEP-IRA, Section 125 and 132 plans, life insurance, disability insurance, 20 vacation days, sick/personal time, and 12 holidays.
How to Apply:
For more information, contact firstname.lastname@example.org and/or visit our website at www.caplink.org. To be considered for the position, please submit your resume and cover letter to email@example.com (no calls please!).
Capital Link is an Equal Opportunity Employer and takes affirmative action to ensure that applicants and employees are not discriminated against because of race, color, age, sex, sexual orientation, religion, veteran’s status, military status, creed, physical or mental handicap/disability or national origin.
DRI is an impact investment manager that is also a Community Development Financial Institution, certified in 2017. DRI was created with a goal of developing investment opportunities that create above-market rate returns and have a positive social impact. To that goal, we recently launched the DRI Mortgage Opportunity Fund with 50MM AUM dedicated to social impact investment.
DRI’s professionals have an extensive experience in mortgage loan investing and have generated a strong investment track record, while successfully promoting community development. DRI has an investment focus on affordable housing and financing, distressed loans and alternative lending with a social impact focus towards preventing foreclosure, stabilizing distressed neighborhoods, creating jobs & providing financing for underserved communities. Learn more at DRIFUND.COM
We are looking for Senior Strategic Advisor to play a key role in the expansion of our CDFI. This community development professional should have deep experience and existing relationships within the CDFI community, business development, mortgage origination, and a track-record of working with community development programs both public and private. The ideal candidate is a highly-motivated community development and affordable housing professional with knowledge of the resources available to CDFIs who can guide our business expansion strategies, capital solutions, community development activities and operational growth while supporting our overall mission.
This person will collaborate with our capital raising team to build on our current business development efforts. They will identify, vet and develop scalable CDFI capital solutions, innovative programs, partnerships, financial instruments, and grant opportunities that align with our mission. This person should be able to easy navigate the industry make connections that drive growth.
This person will work with the Senior Management Team to help design and implement business expansion strategies that scale mortgage origination efforts, mortgage banking platforms and plan for future growth in the LMI origination space. This person will also advise on talent recruitment and organizational development as it applies to the origination business.
This person will work with the leadership team to expand our community development reach through partnerships and other methods of deploying capital within our mission to expand our asset base. This person will advise on investment/partnership structures with mission driven institutions.
This person will be the key driver in the operational, compliance and financial performance of the CDFI and the improvement of it’s operational performance. This person will be a liason for the CDFI and advise on matters of accountability, structure and compliance in regards to the organization's goals and strategies.
- Minimum 15 years expertise in CDFIs and community development programs, non-profit lending, community development lending, affordable housing or community development finance.
- Strong history of community development/LMI or non-profit mortgage lending and experience in the housing/affordable housing sector
- Previous experience designing and implementing CDFI expansion strategies
- Deep experience with business development and capital solutions
- Strong communicator and relationship builder and analytical lender
- Bachelor’s degree required, Master’s degree in a related-field preferred
- Proven track record of success within a mission-driven organization with references
How to Apply:
Send an email with your resume and cover letter to firstname.lastname@example.org with the subject: Senior Strategic Advisor
Founded in 2009, Capital Good Fund is a social change organization whose mission is to provide equitable financial services that create pathways out of poverty. As a nonprofit, U.S. Treasury certified Community Development Financial Institution and member of the Opportunity Finance Network, we offer families living in poverty one-on-one financial and health coaching and personal loans from $300 to $25,000.
The Chief Operating Officer (COO) is a core member of the Executive Team who reports directly to the CEO and serves as the deputy officer when he is not available.
The COO will perform a variety of duties, including, but not limited to:
- Oversight, support and planning in the areas of financial coaching, loan origination, loan servicing, and information systems.
- Coordination of organizational strategy with Chief Executive Officer and Chief Financial Officer, including geographic expansion of services, additional program offerings or loan products, and significant development initiatives.
- Close cooperation with the Systems team to develop and maintain information technology functions that support rapid organizational growth.
- Management of all aspects of the main office in Providence, and support of satellite worksites, including in Miami and Sarasota, Florida.
We are looking for exceptional people. Good Fund employees are passionate, motivated and committed to using financial services to transform the lives of people living in poverty.
- Be an excellent manager of people and programs
- Have five or more years of relevant experience
- Possess strong analytical skills, including proficiency with Microsoft Excel and the Google Suite of products
- Be able to connect with and empathize with people of different backgrounds
Preferred Skills and Background:
- Experience in financial services, business or economics
- Experience in social work or social services
- Fluency in spoken and written Spanish
Training and Compensation:
The Chief Operating Officer will receive extensive training on all of Good Fund’s programs and processes from the CEO and other team members. Such training may include several weeks of overlap with the outgoing COO for knowledge transfer.
This is a full-time, forty-hour-per-week position. The COO will earn an annualized base salary of $58,279. In addition, the COO will receive a competitive benefits package that includes a 401(k) plan with an employer match of 2%, medical insurance with a $300/month employer subsidy, dental insurance fully covered by employer, five paid sick days per benefit year, 15 paid personal days in the first year on staff, and the opportunity to apply for personal loans of up to $2,000 at 0% interest.
How to Apply:
Please send a one-page cover letter and accompanying resume to email@example.com.