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

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

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

Financial Reporting & Compliance Manager Colorado Enterprise Fund
Denver, CO
Job Function: Finance
Posted: August 9, 2019

Background:

Colorado Enterprise Fund (CEF) is an award-winning nonprofit community development financing institution founded in 1976. We spur entrepreneurship and economic vitality in Colorado communities by providing loans and business advisory services for locally owned businesses. We make loans from $1,000 to $500,000 to businesses that do not qualify for traditional financing, helping them participate in the economic mainstream and fulfill their dreams of business ownership. We specifically target Spanish speaking entrepreneurs throughout Colorado.

CEF offers competitive compensation, generous paid time-off, a full range of benefit options and paid downtown parking. For more information, please visit our website at www.coloradoenterprisefund.org.

Position Summary:

The Compliance Manager is responsible for planning, implementing, monitoring, and verifying CEF’s financial reporting and compliance with regulatory, governmental, investor, and charitable foundation requirements. This function is also responsible for identifying and tracking allocations of loans to specific programs to ensure that use of funds provided are utilized per investor and grantor requirements.

Responsibilities:

The Compliance Manager ensures that CEF’s policies, practices, reporting, and culture meet or exceed expectations set by CEF leadership, our funders, and government regulators. This person will work with internal and external stakeholders to define best practices that align appropriate oversight and division of labor with optimal efficiency for our employees.
The Financial Reporting and Compliance Manager will develop, document, and implement a comprehensive compliance reporting and tracking program to provide assurance that regulatory, governmental, investor and contractual requirements are performed in a complete, accurate, and timely manner. Agencies and programs include but are not limited to: financial institutions, investors, grantees, Department of Treasury, Community Development Financial Institutions Fund, and the Small Business Administration.
• Periodically provide reports and recommendations to CEF’s senior leadership.
• Coordinate with appropriate staff to maintain an accurate compliance reporting calendar to ensure key dates and information is provided on time.
• Communicate the status of compliance and activities as necessary.
• Review and address all issues or questions related to financial reporting and compliance and coordinate with operations in risk management and report findings and recommendations to CEO, Director of Finance, and other appropriate staff.

Requirements:

QUALIFICATIONS:

• Education:
o Bachelor’s degree or higher in Finance, Accounting, Economics, Business or a related discipline
• Relevant Experience:
o Minimum three years experience in compliance and/or financial reporting
o Experience in reporting methods and results to funders, both private and public, including the federal government
• Key Skills:
o Demonstrated proficiency in Microsoft Word, Adobe Acrobat and client relationship management tools (CRM)
o Advanced proficiency with Microsoft Excel
o Entrepreneurial self-starter with excellent time management and organizational skills
o Well-developed written and oral communication skills including phone presence
o Strong understanding of grant reporting process for private and government funders, including federal government programs
o Ability to translate operational processes into financial metrics and reporting
o Demonstrate a commitment to CEF’s mission, vision, & values
o Ability to work with people from diverse backgrounds
o Collaborative team-player committed to hearing out differing ideas and perspectives from colleagues

DESIRED ADDITIONAL SKILLS:
• Knowledge of grant application and reporting processes
• Experience working in a CDFI and/or with Small Business Administration programs or similar institutions
• Knowledge of nonprofit reporting and auditing practices
• Experience working with federal government loan and grant programs
• Experience working with state and municipal funds and grants

Compensation:

POSITION SPECIFICS:
• Position is minimum 32 hours per week up to 40 hours per week, depending on demand.
o Employees can set their own schedule to work five days per week between 7:00 am and 6:00 pm.
• Starting annual salary is $60,000 - $70,0000 for 40 hours per week.
• Benefits include retirement plan with employer match, health, dental, and vision insurance
• Physical demands of the job may include:
o Remaining at a stationary work area for extended periods of time
o Carrying and lifting boxes of files up to 20 lbs
o Talking on the telephone and typing on a keyboard
o Bending, twisting and squatting

Equal Opportunity Employer
Position will be posted until filled

How to Apply:

Please send a comprehensive cover letter and resume to: jobs@coloradoenterprisefund.org

Executive Director Sacramento Housing Alliance
Sacramento, CA
Job Function: Fundraising
Posted: August 9, 2019

Background:

Our Mission — Sacramento Housing Alliance advocates for safe, stable, accessible and affordable homes in
the Sacramento region. SHA builds healthy communities through education, leadership, and policy change.

Founded in 1989, the Sacramento Housing Alliance (SHA) is the leading voice for housing justice in the Sacramento region. SHA works toward its mission through advocacy, coalition building and education, with a focus on housing policies that result in housing affordability and protections for people at the lowest incomes. SHA is supported by members that include affordable housing developers; homeless service agencies; legal services; health and environmental justice, social and racial equity, and other housing justice advocates.
The actively engaged 16-member board of directors consists of local, regional and state experts in affordable housing development, land use and housing policy, homelessness, renters’ rights and other policy and program areas that affect housing affordability.

In addition to overseeing the administrative and day to day functions of the organization, the Executive Director will have primary responsibility for expanding SHA’s revenue base to support operations and priority programs. Fundraising will include obtaining new foundation grants, increasing corporate charitable giving and sponsorships, and increasing organizational memberships and individual donations.

Current Year Organizational Priorities
*Produce the Fifth Annual Regional Affordable Housing Summit in December 2019;
*Advocate for SHA’s position on the use of City of Sacramento Measure U funds for affordable housing;
*Develop educational materials for community organizations and local governments on housing element development and best practice programs to include in housing elements; and
*Work in collaboration with the Sacramento Building Healthy Communities coalition to advance equity strategies and advocate for investment without displacement in South Sacramento.
Overview

Position Summary:

The Executive Director is the chief executive, raising revenue, providing effective financial and organizational management, and serving as a visible and effective spokesperson for SHA. Under the supervision of the board of directors, the ED is responsible for all aspects of operations; supervising employees; and leading all fundraising efforts, including sponsorship of SHA’s Annual Affordable Housing Summit. The ED will support the board in directing programs; developing member services and stakeholder engagement strategies; communications; and creating a motivational and collaborative working environment for staff and volunteers. Housing policy recommendations and advocacy are led by the Board of Directors and its committees, supported by SHA’s Policy Director.

Responsibilities:

Fundraising
Expanding the revenue base for the organization is a priority of the position.
• Lead fundraising activities and support the work of the SHA Board’s Fundraising Committee; work collaboratively with the Committee in establishing an annual fundraising plan.
• Grow SHA’s organizational membership base and sponsorship support of annual Sacramento Regional Affordable Housing Summit.
• Seek out new funding sources and write grant proposals for programs approved by Board of Directors.
• Establish and maintain strong relationships with organizational, corporate, foundation and individual donors, including sending out timely acknowledgements of financial and in-kind contributions.
• Ensure that grant obligations are carried out in an effective manner and that reports to funders are timely and accurate.

Communications and Community Relations
• Deliver presentations to community groups and engage in public relations and education activities and involve Board members and SHA organizational members in these presentations and activities.
• Plan and oversee annual Sacramento Regional Affordable Housing Summit in collaboration with the Summit Planning Committee.
• Ensure that SHA’s affordable housing bus tours highlight member priorities, run smoothly and effectively convey the value and benefit of publicly supported affordable housing.
• Develop and maintain strong working relationships with public agency staff, elected officials, ally organizations and businesses.
• Communicate the need for affordable housing policies and priorities.
• Support the board in developing an annual media and communications strategy to advance the organization’s goals.
• Serve as one of SHA’s lead media spokespersons for print and broadcast media and involve board members as appropriate.
• Create strategic alliances and work across affordable housing, homelessness, racial and social justice, labor, health, environmental, land use, transportation and other sectors.
• Maintain and strengthen relationships with SHA member organizations. Develop strategies to support and encourage member participation in SHA activities.
• Recruit volunteers for advocacy, fundraising and other organizational activities.
• Ensure that SHA produces a bi-weekly e-newsletter and periodic action alerts and review final drafts before publication.
• Monitor SHA’s social media and website for timeliness, relevance and consistency of messaging and content.

Advocacy and Policy
Oversee SHA Policy Director’s work in the following areas:
*Collaboration with board to develop strategies and advocacy efforts that promote government engagement and
action.
• Development of housing policy positions with input from board of directors.
• Preparation of policy papers and briefs requested by board of directors describing housing needs and conditions and recommendations for action.
• Engagement of board members and SHA organizational members in providing testimony at public hearings, at events, and in other public meetings.
• Monitoring of impacts of local and regional policies related to affordable housing and land use.
• Leading locally on statewide policy and advocacy initiatives driven by SHA’s statewide partner organization, engaging board members and SHA organizational members.

Financial Oversight
• Support Finance Committee in the preparation of annual budget and monthly cash flow projections.
• Provide oversight of revenue, expenses and payables, and monitor the work of the contract accountant.
• Meet monthly with the Finance Committee to conduct financial review.
• Work with SHA’s certified public accountant/auditor to complete annual audit preparation.

Management and Supervision
• Provide motivational staff management and professional development.
• Ensure that SHA operations and programs are well-administered.
• Provide oversight, evaluation and supervision of staff and programs.
• Ensure adequate maintenance of database systems for effective information management including membership and contributions tracking.
• Ensure the organization complies with employment, tax, and other applicable laws.
• Support the board of directors in the development and maintenance of regularly updated personnel policies.
• Other administrative tasks as needed.

Board Relations
• Serve as primary staff contact for the Board of Directors.
• Work with the chair of the board to set the board agenda.
• Support the Board of Directors in recruiting and orienting new board members and maintaining board membership.
• Support the Board in Board development and continually improving Board Governance.
• Report to board of directors about activities of the organization and ensure they have adequate information to make decisions.
• Lead board and staff in development of strategic and operational planning and engage consultants as appropriate.
• Work with the board Chair to engage board of directors in working collaboratively.
• Encourage and support board member involvement in fundraising.

Requirements:

Required Skills/Experience/Values
• Strong belief in the need for and value of permanently affordable housing and an understanding of the factors contributing to the housing crisis.
• Fundraising competency as judged by success in raising funds through large foundation grants, individual solicitation and corporate contributions. Enthusiasm for increasing the revenue base of SHA and leading organizational fundraising efforts.
• Exceptional verbal and written communication skills.
• Exceptional interpersonal skills.
• Ability to excel in a fast-paced environment and adapt quickly to change.
• Ability to work collaboratively with a wide range of people – elected officials, advocates, people experiencing homelessness, and others.
• Ability to maintain strong relationships with government officials, while simultaneously holding them accountable.
• Ability to negotiate and compromise with people who have divergent views.
• Experience working in diverse communities.
• A deep commitment to fair housing and expanding the inventory of affordable housing for the lowest income households.
• An understanding of institutional racism and unconscious bias and how land use and housing inequities have developed out of structural racism.
• A belief that the public sector has a regulatory role to play in protecting renters, providing housing for people experiencing homelessness, and facilitating and financing the development of affordable housing.

Preferred Skills/Experience
• Experience working in the field of affordable housing development or affordable housing policy.
• Experience leading a nonprofit.
• Experience working across industry sectors and/or developing and leading coalitions.
• Existing relationships with community organizations, elected officials and charitable funders in Sacramento.

Compensation:

Salary and Benefits: This is a full-time salaried position with medical and dental plan, retirement account contribution, and competitive vacation and sick leave. Salary depends on experience. Candidates meeting both the required experience will command a salary of $90,000. Salary range is $75,000 - $90,000.

How to Apply:

Please submit a resume, cover letter and contact information for a minimum of three references, including previous employers to Apply@sachousingalliance.org.

Loan Officer - New York Nonprofit Finance Fund
New York, NY
Job Function: Lending/Loan Operations
Posted: August 8, 2019

Background:

What We Do:

NFF works toward a more just and vibrant society through:

Financing that helps nonprofits and social enterprises expand opportunity in low- and middle-income communities.

Consulting that helps nonprofits and funders connect money to mission and community impact.

Partnering with service providers, funders, and investors to turn money and goodwill into positive outcomes.

Learning that shares experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis.

Nonprofit Finance Fund® (NFF®) advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing. A leading Community Development Financial Institution (CDFI), NFF currently manages over $329 million. Since 1980, we have provided $871 million in financing and access to additional capital in support of over $2.9 billion in projects for thousands of organizations nationwide.

Position Summary:

The Loan Officer plays a central role in the growth and expansion of NFF’s financing business on the east coast. They will support the underwriting of and directly underwrite transactions and work closely with the Loan Originations / Business Development team and the Director, Underwriting to ensure the deal pipeline proceeds in a timely and expeditious manner. Primary responsibilities include: managing the collection and analysis of client due diligence; analyzing financial spreads; underwriting loans and lines of credit; preparing documents for loan approval; presenting proposals to loan committees; and assisting with loan closings. In addition, the Loan Officer assists in business development efforts and maintains knowledge of key markets within the eastern region and across all sectors and industries in which NFF works. The Loan Officer partners internally to support meeting budgeted lending goals and contributes to lending process improvements.

The Loan Officer demonstrates an interest in or commitment to supporting low-income communities and/or the nonprofit sector and is a strong communicator and relationship builder with the ability to forge deep community relationships while setting realistic expectations and moving financial projects forward.

This position will be based in NFF’s New York, NY office. This position will report to the Vice President, Lending.

Responsibilities:

Underwriting and Product Management
Collect and manage due diligence, underwrite and structure financing requests for on and off-balance sheet transactions within appropriate and relevant credit policy guidelines and in a timely manner. Work with borrowers through all stages of the financing process.
Prepare and present proposals to loan committees for approval.
Support and/or manage loan closings, including drafting commitment letters and reviewing loan documents.
Engage with clients, actively seeking to understand customers’ circumstances, expectations, and needs, and developing financing solutions to meet those needs.
Develop, maintain, and share knowledge of key sectors by attending conferences and maintaining relationships with key stakeholders, among other ways.

Client Relationship and Management
Maintain strong relationships with current and future borrowers and partners.
Develop and use knowledge of clients and markets in East Coast region to identify evolving trends and risks.
Work closely with East Coast business development team in assessing project viability and providing guidance around loan structuring and creditworthiness.
Support East Coast business development team, as requested, by participating in business development activities, including early-state client visits and conversations and attendance at external events.
Ensure the smooth transition and support of borrowers as transactions transition from business development to underwriting and from underwriting to portfolio management.

Requirements:

Essential Requirements for Education and/or Experience:
Bachelor’s degree or equivalent experience required; Master’s degree in business, finance, public administration or related field preferred.
A minimum of 5 years of professional experience, preferably in the financial services, consulting or nonprofit sectors and in increasingly more senior positions
Excellent analytical skills, including ability to identify and assess risk and analyze and understand financial statements.
Strong interpersonal and communication skills, both written and verbal.
Demonstrated ability to build, manage, and deepen client relationships.
Ability to relate to diverse constituencies.
Keen attention to detail.
Solutions-based mindset and approach.
An entrepreneurial work ethic, including openness to learning new skills and systems and ability to take initiative for independent learning with and quickly develop deep knowledge of a particular market or area.
Ability to exhibit calm under pressure.
Demonstrated ability to take on increased responsibility over time.
Ability and willingness to travel within region to work with staff and meet with applicants, borrowers, and stakeholders.

Specialized Knowledge/Beneficial Skills and Experience:
Familiarity with outcomes-based and/or impact investing.
Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
Results-oriented individual with the ability to work independently, as well as collaborate with a close-knit group.
Experience in nonprofit, business, or commercial lending and credit analysis.
Market knowledge in eastern region and in one or more targeted sectors including community health centers, education/charter schools, and human service providers.

Compensation:

All salaries are commensurate with experience and include an attractive benefits package.

How to Apply:

Apply directly at: https://nonprofitfinancefund.applytojob.com/apply/3pwpzzM6nN/Loan-Office...

Lending and Compliance Associate Partners for the Common Good
Washington, DC
Job Function: Lending/Loan Operations
Posted: August 6, 2019

Background:

Partners for the Common Good (PCG), a Washington, DC based community
development loan fund, is seeking a Lending and Compliance Associate.
Founded in 2000, PCG’s mission is to advance economic justice and opportunity for
low-income people and communities. We do this by partnering with CDFIs and socially
motivated investors across the United States to serve borrowers that promote affordable
housing, neighborhood revitalization, and healthy communities through support of
education, community health centers, human service providers, day care and others.
PCG founded the CDFI industry’s first wholesale loan participation network that today
has partnered with nearly 50 CDFIs in Washington, DC and 36 states, originated $90
million in participation transactions, and currently has an outstanding portfolio of $29
million.

PCG also participates as a community development entity (CDE) allocating New
Markets Tax Credits (NMTC). PCG received $50 million in NMTC allocations and to date
has closed eight (8) transactions for a total of $50 million in allocations.

PCG is leading the CDFI industry into the digital sector with its groundbreaking
CapNexus platform (CapNexus.org). CapNexus matches community development
finance opportunities with sources of capital. The platform has 800+ users and has
posted over $1 billion community development transactions.
PCG is also a leader in social impact assessment and public policy advocacy. Our
work is pioneering in its creation of new tools and infrastructure for community
development finance organizations to manage portfolios and grow scale and impact.
PCG’s office is located in Washington DC.

Position Summary:

The Lending and Compliance Associate is an entry-level position with responsibilities in
the lending and compliance areas of Partners for the Common Good. The incumbent
will manage the servicing and compliance for PCG’s growing lending and New Markets
Tax Credit portfolio, and will provide additional support to portfolio management. This
position reports to the Director of Portfolio Management and will work closely with both
the accounting and lending teams of PCG. This position is full-time.

Responsibilities:

Input transactions into and maintain loan system (Portfol), manage system
updates, and generate monthly portfolio reports.

Generate monthly invoices and manage payments and disbursements from
lending partners and borrowers; advise Director of Portfolio Management of any
potential problem areas and propose solutions.

Manage borrower covenant compliance and ensure timely receipt of required
financial reporting.

Manage NMTC compliance and quarterly invoicing.

Contribute to loan production goals by assisting with loan closings and
maintaining closing checklists and loan files.

Assist lending team with loan file audits.

Work to further develop and evolve PCG’s automated systems (currently
Salesforce).

Collaborate with internal staff to ensure timely reporting to investors and
stakeholders.

Collect and analyze data to contribute to funding applications as needed.

Schedule credit committee meetings and take minutes.

Assist with other portfolio management, compliance, and analytical functions as
needed.

Requirements:

The Lending and Compliance Associate position is perfect for a recent college
graduate or professional with less than three (3) years of experience in either
accounting, loan servicing, compliance, or reporting and is interested in enhancing
these skills within the CDFI Industry. The position requires a responsible individual that is a
self-starter, problem solver, and has keen attention to detail. The Lending and
Compliance Associate must have strong organizational skills and the ability to multi-task
and meet deadlines. Computer literacy in Microsoft Office environment (particularly
Excel) is required. Individual with a bachelor’s degree in accounting, or related field,
such as business or finance is highly desired. Experience in the CDFI field, banking, or
real estate development related to accounting or lending functions is a plus.

Compensation:

Competitive salary, excellent benefits and a pleasant, challenging work environment.
PCG is an equal opportunity employer.

How to Apply:

For more information about the organization, and to apply, please visit our website at
www.pcgloanfund.org.

Business Counselor Asian Americans For Equality Inc
New York, NY
Job Function: Lending/Loan Operations
Posted: August 5, 2019

Background:

(Note: this is corrected submission)

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 small business 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. Renaissance also provides financial literacy services and comprehensive technical assistance to small business owners and entrepreneurs each year through individual counseling and classroom sessions.

We are US Treasury certified Community Development Financial Institution (CDFI), SBA Intermediary Microlender, and SBA Community Advantage (7a) lender. Renaissance’s lending activities are guided by a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.

Position Summary:

Renaissance is seeking an energetic Business Counselor reporting to the Director of Programs and TA. The Business Counselor’s overall responsibilities are to interface with loan clients, provide business counseling and technical assistance to clients, outreach to local entrepreneurs and represent Renaissance at marketing and outreach events.

Responsibilities:

Specific duties for the position of the Business Counselor are to:

-Meet with and consult clients on technical aspects of their businesses
-Share best practices in business counseling and financial analysis
-Make recommendations to the management on whether to originate a loan, and recommend loan amount, interest rate, as well as length of term
-Make site visits to client business locations
-Attend marketing and outreach events
-Maintain close customer contact to ensure continued satisfaction and to anticipate additional financing needs
-Maintains the highest level of confidentiality with all client information obtained
-Meets expectations for attendance and punctuality
-Perform other related work and duties as assigned

Requirements:

-Bachelor’s degree in Business Administration and related fields
-Strong verbal and written communication ability and organizational skills
-Excellent knowledge of local businesses and resources
-Had worked with low income individuals and diverse communities
-Demonstrated ability to multi-task, perform under pressure, and flexibility to meet deadlines
-Proficient computer skills using Microsoft Office and Google Documents
-Hands on experience working with small business owners is a plus
-Experience in financial and credit analysis is a plus
-Fluent in Spanish is highly desirable

Compensation:

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

How to Apply:

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

*NO PHONE CALLS PLEASE. ONLY THOSE OFFERED INTERVIEWS WILL BE CONTACTED

Business Counselor Asian Americans For Equality Inc
New York, NY
Job Function: Lending/Loan Operations
Posted: August 5, 2019

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 small business 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. Renaissance also provides financial literacy services and comprehensive technical assistance to small business owners and entrepreneurs each year through individual counseling and classroom sessions.

We are U.S. Treasury certified Community Development Financial Institution (CDFI), SBA Intermediary Microlender, and SBA Community Advantage (7a) lender. Renaissance’s lending activities are guided by a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.

Position Summary:

Renaissance is seeking an energetic Business Counselor reporting to the Director of Programs. The Business Counselor’s overall responsibilities are to interface with small business clients, provide business counseling and technical assistance to clients, outreach to local entrepreneurs and represent Renaissance at marketing and outreach events.

Responsibilities:

Specific duties for the position of the Business Counselor are to:

-Meet with and consult clients on technical aspects of their businesses
-Identify consultants for training needs and opportunities to market Renaissance’s products, workshops and seminars
-Assist the Director of Programs to coordinate technical assistance and training service delivery
-In collaboration with the Director of Programs, develop curricula for workshops and seminars addressing a comprehensive range of small business needs. ie: licensing, insurance, marketing, business plan, bookkeeping, financing and other related topics.
-Coordinate and help deliver workshops and seminars to respective clients
-Make recommendations to management on whether to originate a loan for a client
-Make site visits to client’s business locations
-Attend marketing and outreachevents
-Maintain close customer contact to ensure continued satisfaction
-Maintain the highest level of confidentiality with all client information obtained
-Meet expectations for attendance and punctuality
-Perform other related work and duties as assigned

Requirements:

Bachelor’s degree in Business Administration and related fields
Strong verbal and organizational skills
Strong knowledge of local businesses and resources
Experience working with low income individuals and diverse communities
Demonstrated ability to multi-task, perform under pressure, and flexibility to meet deadlines
Proficient computer skills using Microsoft Office, Google Documents, and Social Media platforms
Hands on experience working with small business owners is a plus
Experience in digital marketing is a plus
Spanish fluency is highly desirable

Compensation:

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

How to Apply:

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

*NO PHONE CALLS PLEASE. ONLY THOSE OFFERED INTERVIEWS WILL BE CONTACTED.

Credit Analyst CDC Small Business Finance
San Diego, Irvine, CA
Job Function: Credit
Posted: August 1, 2019

Background:

CDC Small Business Finance is a leading U.S. small business lender and award-winning nonprofit. Over the last four decades, CDC has provided more than $13 billion in loans to 11,000 entrepreneurs...and counting.

Unlike a traditional lender, we have the flexibility to offer affordable loans to a broader range of small business owners seeking financing for building purchases, major equipment and working capital, among other purposes.

As a non-profit organization, our mission is to support those who face the greatest obstacles in securing capital: women, minority and veteran-owned businesses. Our business loans have also played a critical role in bolstering economic development, helping create or preserve more than 180,000 jobs in California, Arizona and Nevada.

Position Summary:

The Credit Analyst will provide financial analysis of loan applicants, assess risk, and recommend approval or declination. Work in conjunction with Loan Officers, Loan Processors, and Closing Analysts to produce approved and funded loan packages. Through accurate and consistent underwriting analysis, and by sharing credit knowledge with loan officers, promote quality loan production and maintain our integrity as an SBA certified lender.

Responsibilities:

Provide general support to Loan Officers’ and Loan Processors by answering client and lender questions related to financial analysis as needed.
Review financial documentation for acceptability. Reconcile debt schedules and aging reports with balance sheets.
Create comparative spreadsheets using data from tax returns and financial statements. Modify spread to reflect the proposed project, mortgages, and future operations.
Determine if repayment ability is demonstrated.
Determine if financial position can support the proposed debt.
Analyze spreadsheet for identification of positive and/or negative financial trends, transactions, or events that would have bearing on the future operations and financial health of the applicant company as relates to the proposed loan.
Communicate results of the preliminary financial review and analysis based on the spreadsheet to the Loan Officer; point out any possible problems and assist the Loan officer in resolving them.
Prepare written credit memoranda including a financial narrative for submittal to SBA.
Make recommendation to internal loan reviewers and Board Loan Review Committee members for approval or declination of loan request.
Review current financial information on approved loans prior to debenture funding to identify or rule out adverse financial change.
Review current financial information on approved loans when total project and/or financing increases.

Requirements:

Minimum of 1 year of experience in commercial loan underwriting.
Proficiency with MS Office applications.
Ability to prioritize, multi-task, and remain organized.
Strong written and verbal communication skills.

Education
Bachelor’s degree in finance or accounting or equivalent experience in financial analysis for commercial lending.

Compensation:

$75,000 annually

How to Apply:

Please apply to https://recruiting.paylocity.com/recruiting/jobs/Apply/154984/CDC-Small-...

Loan Officer National Housing Trust
Washington, DC
Job Function: Lending/Loan Operations
Posted: August 1, 2019

Background:

The National Housing Trust (NHT) is a strong national nonprofit engaged in affordable housing advocacy, lending, real estate development and energy solutions. Our mission is to preserve and improve affordable multifamily homes to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive.

NHT is an award-winning nonprofit with a focused agenda. The ideal applicant thrives in a fast-paced environment, working with dedicated and entrepreneurial colleagues. NHT has a staff approximately 30 across its four business lines – public policy, lending (NHT Community Development Fund and Institute for Community Economics), real estate development (NHT Communities) and energy solutions (NHT Renewable)

Position Summary:

The National Housing Trust is seeking an experienced Loan Officer as we grow our two CDFI loan funds: The National Housing Trust Community Development Fund and the Institute for Community Economics.

The Loan Officer is primarily responsible for overseeing the analysis and underwriting processes of loans and building new lending relationships. The Loan Officer will also work with the Director of Lending to raise lending capital from mission-oriented investors.

NHT offers a full array of loan products in the Washington metropolitan region to support the production and preservation of affordable housing where we work and live. It is expected the Loan Officer’s primary focus will be on deployment in the DC, MD and VA region as we deploy several sources of targeted capital including a recent Capital Magnet Fund award.

The Loan officer will also support our national work as we offer affordable housing loan products for predevelopment and bridge financing needs, community land trust acquisitions, energy efficiency and renewable energy and other opportunities where mission focused owners and developers could not achieve their goals without our creative, flexible and patient capital.

Responsibilities:

In accordance with the Loan Policies and Procedures the Loan Officer will evaluate the credit worthiness and capabilities of the borrower /guarantor and/or the real estate collateral securing the proposed loan. Analysis will include, but not be limited to, performing financial analyses, third party review assessments, site visits, and evaluating feasibility and likelihood of repayment sources. The Loan Officer will also work on the closing and the asset management of loans in cooperation with the Loan Fund Administrator and the Director of Lending. Finally, this position will help to increase the visibility of NHT’s CDFI Loan Funds through marketing, business development and product development, and will be expected to build new lending relationships and work with the Director of Lending to raise lending capital from mission-oriented investors.

Loan Underwriting & Originations
• Produce financial analysis of both for- and non-profit sponsors and/or borrowers.
• Conduct thorough due diligence, review and evaluate various aspects of loan underwriting such as appraisal reviews, construction cost reviews, property condition reports, environmental reports, and site inspections.
• Oversee the loan closing process by reviewing loan documents and/or due diligence items required to close loans.

Marketing and Fundraising
• Respond to requests for information from current and prospective institutional investors
• Work on capital funding applications from Public and Private sources
• Build relationships with potential borrowers and funders (some travel will be required)

Requirements:

An undergraduate degree in business, finance, real estate, urban planning or related field is required. A graduate degree is preferred.
• A minimum of 5 years of work experience in real estate-based or business lending, including credit analysis, and at least 3 years of experience working in Affordable Housing Finance. Experience working at a CDFI is strongly preferred.
• Proficiency in analyzing financials of nonprofit and for-profit organizations and real estate operations.
• Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
• Knowledge of the closing process and loan documents utilized in real estate transactions.
• Familiarity with federal, state, and local government funding sources for capital and operating needs of affordable housing.
• Experience working with both private sector financial institutions and public agencies.
• Excellent written and verbal communication skills are required.
• Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
• Excellent skills in managing multiple tasks requiring strong attention to detail.
• Ability to work effectively in a team environment.
• Ability to travel.

Compensation:

Salary and benefits are commensurate with experience; Salary Range $80K-$100K

How to Apply:

Send resume and cover letter by email to hr@nhtinc.org. Keep cover letters short and specific to job description. Please write "Loan Officer" in the subject line. No phone calls or faxes.

NHT is an equal opportunity employer

Chief Program Officer, Executive Vice President HOPE Credit Union Enterprise Corporation
Jackson, MI
Job Function: Lending/Loan Operations
Posted: July 31, 2019

Background:

For 25 years, HOPE has helped marginalized residents across the Deep South climb the economic ladder by advancing financial inclusion, building assets, and by changing systems that disenfranchise families. HOPE is a family of organizations comprised of:

• a cooperative financial institution predominantly owned by people of color and women that drives capital into banking desert by converting every $1 of equity into $8 of insured deposits for community development financing, and that brings thousands of people from the economy’s edge into the financial mainstream (Hope Credit Union),

• a nonprofit intermediary that aggregates and braids public and private resources to fuel innovative, impactful solutions that foster jobs, education, access to healthy food, healthcare and affordable housing and other mobility drivers in high poverty places (Hope Enterprise Corporation), and

• an advocacy arm that shapes policies and practices to narrow opportunity chasms forged by decades of underinvestment – using data and analysis mined from our member-owners, communities, and internal subject matter experts; and that mobilizes Deep South residents and stakeholders around shared priorities (Hope Policy Institute). Together, these entities mitigate the extent to which factors such as race, gender, ethnicity, birthplace, and wealth obstruct the trajectory of one’s life. For over a quarter century, HOPE has positively impacted the lives of more than one million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, channeling more than $2.5 billion in financing into a range of community shaping, life-changing activities.

Position Summary:

The Chief Program Officer (CPO) will play a central role in advancing this work by guiding the direction, growth and soundness of HOPE’s Commercial Lending (CL) and Community & Economic Development (CED) activities. HOPE’s Commercial Lending team separates itself from other lenders by employing strategies that make capital affordable and accessible to underserved borrowers in a prudent and impactful manner. These include manual underwriting, flexible rates and terms, through the extensive use of credit enhancement programs, and leveraging financing from a range of bank, public and philanthropic resources. Further, HOPE often complements its financing with partnerships and strategies that provide technical assistance that strengthens the capacity of borrowers. Working in tandem with the Commercial Lending department, the Community & Economic Development team amplifies HOPE’s impact by identifying and structuring financing opportunities in key areas/sectors that bolsters economic mobility in vulnerable communities, such as affordable housing, healthcare, education, healthy food, and community facilities. The CED team manages HOPE’s New Markets Tax Credit program, Charter School Facilities Fund, Mid South Healthy Food Initiative, Low-income Housing Tax Credit program, Opportunity Zone Funds, and other high-impact activities. The CED team also leads HOPE’s Small Towns Partnership, collaborating with local leaders, residents and other key stakeholders to plan and implement strategies that increase economic mobility in economically distressed towns and neighborhoods.

Responsibilities:

Primary and Essential Functions

• Provide leadership, coaching, and management to senior leaders responsible for HOPE’s Commercial Lending and Community & Economic Development activities.

• Oversee the operational and portfolio performance of the Commercial Lending and Community & Economic Development areas, and make recommendations for overall effectiveness and continuous improvement.

• Foster collaboration with the Investor Relations team with regard to funding proposals and compliance with funder/investor requirements; with the Policy team on related advocacy; and with other areas as required.

• Reinforce an organizational culture that values open communication, innovation, employee engagement and other traits that contribute to collaboration and high performance.

Requirements:

Competencies/Skills

• Experience in the design and management of development finance programs;

• Ability to problem solve and think critically; high level of emotional intelligence

• Demonstrated success managing projects that involve multiple parties and people with diverse backgrounds and positions

• Strong writing skills

• Skilled in Microsoft Word and Excel Desired Qualifications

• Advanced degree in related field.

• Ten years of relevant experience, with a demonstrated track record of progressive leadership.

Compensation:

Commensurate with experience.

How to Apply:

https://recruiting2.ultipro.com/HOP1001HOPEE/JobBoard/34735991-1228-4a4b...

Chief Operating Officer Detroit Rehabilitation Initiatives
West Palm Beach, FL
Job Function: Business Development
Posted: July 29, 2019

Background:

DRI is an impact investment manager that is also certified by the U.S. Department of Treasury as a Community Development Financial Institution (“CDFI”). DRI was created with a goal of developing investment opportunities that create attractive risk-adjusted returns and have a positive social impact.

Position Summary:

The Chief Operating Officer (COO) will play a key role in the expansion of our Community Development Financial Institution (CDFI). This professional should have significant business development and mortgage banking experience, with a track-record of working with CDFIs. The ideal candidate is a highly-motivated 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.

Responsibilities:

Capital Solutions

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.

Business Expansion

This person will work with the Senior Management Team to help design and implement business expansion strategies that scale mortgage origination and acquisition efforts, mortgage banking platforms and plan for future growth. This person will also advise on talent recruitment and organizational development.

Community Development

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.

Operations

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.

Requirements:

Desired Qualifications, Skills and Experience

Minimum 15 years of relevant experience
Experience in mortgage banking and or other lending or real estate investment strategies
Experience designing and implementing CDFI expansion strategies
Experience with business development and capital solutions
Experience working with the Federal Home Loan Banks (FHLB) and CDFI Fund
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 similar organization with references

Compensation:

Commensurate with experience.

How to Apply:

Please send an email with your resume to skirsch@drifund.com.

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