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  • Make an impact and join the opportunity finance field.

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

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

To submit a job listing, please use our online form. If you need to edit or remove a posting, please contact info@ofn.orgSubmissions will be reviewed to ensure relevancy to the industry, and posted within 1 business day.

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

Program Officer National Federation of Community Development Credit Unions
New York, NY
Job Function: Project Management
Posted: July 26, 2018

Background:

The National Federation of Community Development Credit Unions is a dynamic, growth-oriented non-profit organization dedicated to promoting financial inclusion and empowerment to low-income and underserved consumers and communities.   Founded in 1974, the Federation is headquartered in Lower Manhattan with offices in Madison, WI and Atlanta, GA. The Federation offers a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs.

Position Summary:

We seek a talented, organized and motivated Program Officer to oversee and grow a suite of programs that expand financial inclusion and provide the tools to improve financial empowerment. The Program Officer will lead key initiatives, build and manage relationships with network members and strategic partners. Measuring, analyzing and communicating the benefits and impact of our initiatives is a key aspect of this role.
Initial programs that the Program Officer would contribute to include: the Federation’s work to advance financial inclusion in Hispanic and immigrant communities by overseeing engagement and expansion of a national network credit unions serving the Hispanic market; and an initiative to build a network of credit unions and cooperativas serving underserved communities in Puerto Rico, supporting their efforts to advance the island’s recovery and resilience. The Program Officer would also support other Federation network engagement and capacity building initiatives as needed and as the Federation’s programs evolve and grow.
Candidates must speak Spanish, have a background and passion for community development and financial inclusion, be organized and driven to get the job done.
This position is based at the Federation’s offices in New York City.

Responsibilities:

Primary Responsibilities
Engage and grow networks of credit unions serving Hispanic and other underserved communities across the US. Network growth and engagement includes, but is not limited to, building and maintaining relationships with participating credit unions and partners, and identifying opportunities for new partnerships and programming that add value to the network
Develop and disseminate high-quality content for communications to and about the network
Maintain network websites, ensuring content is up to date and tailored to the appropriate audience
Represent the Federation in a range of contexts, such as speaking at conferences on Federation Initiatives or presenting on CDCUs to a local community 
Carry out administrative and support tasks associated with projects such as coordinating meetings and travel
Assist in fundraising activities including grantwriting and grant reports
Other duties as needed and as projects evolve 
Travel required (15-20%)
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions required of this position. 

Requirements:

• Spanish language fluency required
• 3-4 years relevant work experience in network engagement, consumer finance, community development, or policy advocacy
• Bachelor’s degree required; Master’s degree a plus.
• Dynamic, self-starter with high attention to detail, confident and poised
• Highly consultative, able and eager to engage multiple stakeholders with divergent points of view and define a path forward.
• Able to lead with vision but engage others along the way
• Highly organized with demonstrated ability to manage multiple projects at once and be adept at prioritizing tasks
• Demonstrated ability to establish and build relationships with a diverse array of people and organizations
• Excellent written and verbal communication skills, with a comfort in both public speaking and writing high-quality content
• Dedication to always producing the highest quality work and motivated to constantly seek new and better ways to reach goals
• Commitment to the mission to help low- and moderate-income people and communities achieve financial independence
• Experience with WordPress a plus

Compensation:

Commensurate with experience.

How to Apply:

Please submit cover letter and resume to hr@cdcu.coop

Loan Officer/Senior Loan Officer Northern California Community Loan Fund
San Francisco, CA
Job Function: Lending/Loan Operations
Posted: July 25, 2018

Background:

Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Northern California Community Loan Fund (NCCLF) provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.

For more information on our programs and services, please visit our website at www.ncclf.org

Position Summary:

Background and Position Summary

NCCLF’s Lending Department provides loans and NMTC financing to nonprofits, alternatively-structured social enterprises, and food-related businesses throughout Northern and Central California with an emphasis on achieving greater racial and economic equity. Our borrowers have made use of our financing to develop affordable housing, build and acquire community facilities, create economic development projects, support access to healthy foods, and strengthen their operations in order to make a difference in the lives of the communities that they serve.

The Loan Officer (LO) or Senior Loan Officer (SLO) serves as a credit professional within NCCLF and participates in the community development lending effort. The position’s primary responsibilities are to source and underwrite loan requests and provide technical assistance to NCCLF’s clients. The LO/SLO will also initiate and develop potential borrower relationships, and build and manage a base of referral sources and strategic partnerships to advance NCCLF’s mission and impact.

The position requires a highly motivated, experienced lender with a background in community development finance, commercial real estate, and/or nonprofit housing/facility development and must possess excellent communication skills. The ideal candidate is also someone who understands the unique needs of the nonprofit sector, particularly nonprofit human service providers and affordable housing developers in Northern California. The successful candidate must be a self-starter and have the demonstrated ability to meet assigned goals successfully and on time. Finally, the candidate should enjoy working in an active and expanding nonprofit and should be able to thrive in a friendly, cooperative, and fast-paced environment.

Responsibilities:

Responsibilities:
 
Underwriting
Interview and screen potential loan applicants.
Perform financial analysis, due diligence and project feasibility assessment for potential loan candidates.
Provide informal technical assistance through the application and underwriting process, and, as needed, coordinate delivery of formal technical assistance activities through internal and external sources.
Prepare written credit memorandums with detailed analysis and recommendations for terms and credit structure.
Present credit analysis for review and approval to Loan Committee or other appropriate levels of authority within NCCLF as required by loan policies.
Work with the borrower and external parties through loan commitment terms and loan closing.
Assist the Loan Administration team with loan closing and ongoing monitoring activities.
Help develop and update loan policies, underwriting criteria and best practices for NCCLF’s main product lines.
Undertake special projects and other duties as assigned.
 
Business Development
 
Develop and implement sales and marketing plans in targeted communities to achieve NCCLF’s goal of advancing racial and economic equity and market penetration in accordance with lending goals.
Build and maintain close working relationships with referral sources, potential partners and funding sources.
Represent NCCLF at public meetings, events and conferences.
Market loan products and programs to potential borrowers and referral sources. 
Follow up on loan inquiries and provide technical assistance to potential borrowers through the application process. 
Maintain a contact database for ongoing sales and marketing efforts.
Develop new products or services to meet market demand.  

Requirements:

Minimum Requirements
 
Minimum of three years (Loan Officer) or five years (Senior Loan Officer) of loan underwriting experience at a CDFI, bank or other financial institution, preferably related to affordable housing development or commercial real estate construction and asset management.
Undergraduate degree in business, finance, economics, or other relevant field. Relevant work experience can be a substituted for required education.
Excellent underwriting skills, grounded in strong abilities to analyze financial statements, assess management and leadership, review collateral, interpret business and strategic plans, etc.   
Excellent verbal and written communication skills. 
Proven ability to generate client leads and maintain business relationships.
Superior judgment and attention to detail.
Excellent organizational skills, with a strong ability to work independently and with a team, handle multiple priorities and manage time efficiently.
Enthusiasm and a passionate commitment to equitable community development.
 
Desired Qualifications, Skills and Experience
Working knowledge of the Low Income Housing Tax Credit and New Market Tax Credit programs.
Experience in consulting and technical assistance in real estate development and/or finance, preferably with nonprofit clients.
Knowledge and experience with nonprofit community-based organizations in Northern California. 
Understanding of nonprofit finance and management best practices. 
Understanding of and experience with community development lending and funding sources.
Familiarity with food-related lending.
English/Spanish bilingual ability is a plus.
 
 
Relationships:
Position reports to the Manager, Community Development Lending; communicates regularly with referral sources and potential borrowing clients; attends and participates in Loan Committee meetings; interacts extensively with the lending team and staff/management in other NCCLF departments; and represents NCCLF to outside constituencies.
Job Context
Position is pivotal to the success of the lending program and operates in a collaborative, cooperative, team environment.  Workload will vary requiring flexibility with time. Outside meetings and some local travel within Northern California are required.  
 
Hours and Location
 
Full-time position.
Work hours will be predominantly during regular business hours, although occasional evening or weekend hours will be required.  A flexible schedule may be accommodated.
Worksite will be in the offices of NCCLF in San Francisco, with some travel outside the Bay Area for site visits, business development, and conferences.

Compensation:

Compensation and benefits
Competitive nonprofit salary range depending upon experience, plus an excellent benefits package including health, dental, retirement plan and three weeks of vacation.

NCCLF is an equal opportunity employer; people of all backgrounds are strongly encouraged to apply.

How to Apply:

To Apply:  Send résumé and cover letter (Attn: Loan Officer Search) via fax to 415-392-8216 or email to info@ncclf.org. Application Deadline: Open until filled.

 

Loan Servicing/Loan Accounting Manager Capital Impact Partners
Arlington, VA
Job Function: Lending/Loan Operations
Posted: July 20, 2018

Background:

Capital Impact Partners transforms under served communities into strong, vibrant places of opportunity. As one of the largest certified Community Development Financial Institutions in the country, we have a 30 year history of delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide. To date, Capital Impact Partners has used its depth of experience, cooperative approach, and network of alliances to invest more than $2B in opportunities that create a high quality of life for low income individuals and communities across the country, including access to high-quality healthcare, education, healthy foods, housing, and eldercare. We draw on our shared values of cooperation, commitment, leadership, innovation, trust, and diversity as we work to redefine how innovation can create opportunities for under served Americans.  

Position Summary:

Capital Impact Partners seeks a Loan Servicing/Loan Accounting Manager to strengthen its Community Investment Group. The Loan Servicing/Loan Accounting Manager will oversee the management of the daily Loan Servicing and Loan Accounting team, identify priorities and projects within the team to ensure data quality, efficiency and timeliness of data, as well as the delivery of excellent customer service. In addition, the position will be the primary liaison to Loan Closing, Loan Accounting, Investor Management, Finance and Accounting departments; participate in Disaster Recovery Plan and other various bank wide projects as required. This position requires a high degree of system integrity, transactional accuracy and functionality.

Responsibilities:

SERVICING:

  • Provide oversight and management to Loan Servicing personnel
  • Ensure accuracy and integrity of the loan booking process to ensure that all loans, covenants and insurance are properly added and maintained on the loan accounting system
  • Approve payoffs, loan disbursements and all modifications
  • Manage all processes for delinquencies, charge offs and non-accruals
  • Ensure all customer requests are answered timely and efficiently
  • Understand the importance and significance of the data to be captured in the system and develop exception reports

LOAN ACCOUNTING:

  • All cash handling, cash receipts, payment postings, payoffs, cash reconciliations, cash balancing, escrow processing and general ledger reconciliations
  • Approve loan disbursements/outgoing wires, process fee waiver approvals and approve file maintenance requests
  • Provide oversight and set up of ACH activities
  • Manage the rate change process for loan indexes and ensure timely updates are made in the system
  • Oversee day end processing
  • Participate in loan system conversions, upgrades, etc.
  • Create processes and procedures that influence data integrity and customer service

MANAGEMENT:

  • Maintenance and updates of all loan processes and ensure all staff are properly trained on those procedures
  • Ensure all personnel are properly trained and to make personal growth and team building a high priority within the department
  • Provide direction, guidance and measurement tools to the department to ensure that operations meet benchmarks for turnaround times as defined
  • Work closely with team members on skill development and career planning
  • Develop a trusting and collaborative environment where roles and responsibilities are clear and the team can operate in a highly effective manner
  • Other duties as assigned

Requirements:

  • Bachelor’s degree required
  • 5-7 years in the financial services industry
  • 5+ years in the servicing of commercial and commercial real estate loans that carry complex structures such as New Market Tax Credits (NMTC) and other program requirements
  • 3+ years of management experience, leading a servicing team is a plus
  • Experience servicing for a ranked commercial or real estate servicer preferred
  • Knowledge of servicing an environment where loans carry unusual structures and requirements
  • Familiarity and/or experience with working with loans in the secondary market
  • Demonstrate skills in collaboration, detail-orientation, standards-based, strong communication and flexibility
  • Expertise in the use of loan servicing platform
  • Proficiency with Microsoft Office (particularly Word, Excel and Power Point), McCracken Loan Accounting Servicing system experience is preferred.

Compensation:

$91,800-$114,240

How to Apply:

https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=2008215&B_ID=91

Business Development Officer Capital Impact Partners
Oakland, CA
Job Function: Business Development
Posted: July 20, 2018

Background:

Capital Impact Partners transforms under served communities into strong, vibrant places of opportunity. As one of the largest certified Community Development Financial Institutions in the country, we have a 30 year history of delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide. To date, Capital Impact Partners has used its depth of experience, cooperative approach, and network of alliances to invest more than $2B in opportunities that create a high quality of life for low income individuals and communities across the country, including access to high-quality healthcare, education, healthy foods, housing, and eldercare. We draw on our shared values of cooperation, commitment, leadership, innovation, trust, and diversity as we work to redefine how innovation can create opportunities for under served Americans.  

Position Summary:

Capital Impact Partners seeks a Business Development Officer to strengthen its Business Development Group. The Business Development Officer is responsible for representing Capital Impact in its lending activities and originating new loan transactions. The ideal candidate will have a passion for work in community development and social impact, 4-6 years of experience in lending. Knowledge of New Markets Tax Credits (NMTC) and CDFIs is helpful.

Responsibilities:

The Business Development Officer will:

  • Contribute to loan production goals by identifying lending opportunities and referring them to the loan origination team.
  • Market Capital Impact lending products and services to existing and new customers and strategic partners.
  • Respond to loan inquiries and screen potential loan transactions to ensure alignment with Capital Impact’s lending strategy, credit guidelines and loan products/programs availability.
  • Monitor markets where Capital Impact is active (i.e. market/industry trends, local/state/federal policy environment, community development context).
  • Manage and attend conferences, events and represent Capital Impact on panels at conferences, workshops and webinars.
  • Manage relationships with partners and existing and new borrowers.
  • Work closely with all lending staff to assure excellent customer service.
  • Participate in strategic planning and innovation process.
  • Manage loan pipelines for Capital Impact programs and funds.

Requirements:

  • Bachelor’s degree required. Advanced degree in business, finance or related field preferred.
  • 4-6 years of lending experience. Community development underwriting, knowledge of Capital Impact’s major sectors and NMTC is a plus.
  • Ability to travel up to 50% of the time
  • Familiarity with federal, state and local community development programs, particularly programs that finance senior facilities, educational facilities, federally-qualified health centers and affordable housing
  • Experience in commercial real estate or grocery lending is a plus.
  • Candidates should have strong sales and communications skills
  • Passion for mission driven work and projects that support underserved communities in the United States.
  • Excellent organizational skills with high attention to detail.
  • Excellent verbal/written communication skills.

Compensation:

$89,760-$112,200

How to Apply:

https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=2051934&B_ID=91

Business Development Officer Capital Impact Partners
Detroit, MI
Job Function: Business Development
Posted: July 20, 2018

Background:

Capital Impact Partners transforms under served communities into strong, vibrant places of opportunity. As one of the largest certified Community Development Financial Institutions in the country, we have a 30 year history of delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide. To date, Capital Impact Partners has used its depth of experience, cooperative approach, and network of alliances to invest more than $2B in opportunities that create a high quality of life for low income individuals and communities across the country, including access to high-quality healthcare, education, healthy foods, housing, and eldercare. We draw on our shared values of cooperation, commitment, leadership, innovation, trust, and diversity as we work to redefine how innovation can create opportunities for under served Americans.  

Position Summary:

Capital Impact Partners seeks a Business Development Officer to strengthen its Business Development Group. The Business Development Officer is responsible for representing Capital Impact in its lending activities and originating new loan transactions. The ideal candidate will have a passion for work in community development and social impact, 4-6 years of experience in lending. Knowledge of New Markets Tax Credits (NMTC) and CDFIs is helpful.

Responsibilities:

The Business Development Officer will:

  • Contribute to loan production goals by identifying lending opportunities and referring them to the loan origination team.
  • Market Capital Impact lending products and services to existing and new customers and strategic partners.
  • Respond to loan inquiries and screen potential loan transactions to ensure alignment with Capital Impact’s lending strategy, credit guidelines and loan products/programs availability.
  • Monitor markets where Capital Impact is active (i.e. market/industry trends, local/state/federal policy environment, community development context).
  • Manage and attend conferences, events and represent Capital Impact on panels at conferences, workshops and webinars.
  • Manage relationships with partners and existing and new borrowers.
  • Work closely with all lending staff to assure excellent customer service.
  • Participate in strategic planning and innovation process.
  • Manage loan pipelines for Capital Impact programs and funds.

Requirements:

  • Bachelor’s degree required. Advanced degree in business, finance or related field preferred.
  • 4-6 years of lending experience. Community development underwriting, knowledge of Capital Impact’s major sectors and NMTC is a plus.
  • Ability to travel up to 50% of the time
  • Familiarity with federal, state and local community development programs, particularly programs that finance senior facilities, educational facilities, federally-qualified health centers and affordable housing
  • Experience in commercial real estate or grocery lending is a plus.
  • Candidates should have strong sales and communications skills
  • Passion for mission driven work and projects that support underserved communities in the United States.
  • Excellent organizational skills with high attention to detail.
  • Excellent verbal/written communication skills.

 

Compensation:

$89,760-$112,200

How to Apply:

 https://recruiting.myapps.paychex.com/appone/MainInfoReq.asp?R_ID=1979855&B_ID=91

Lending Manager United Housing, Inc
MEMPHIS, TN
Job Function: Lending/Loan Operations
Posted: July 20, 2018

Background:

United Housing, Inc. (UHI) is a nonprofit affordable housing agency that works to revitalize neighborhoods and increase homeownership among those underserved by the traditional homeownership industry in Memphis, Shelby County and West Tennessee.
History. UHI was founded in 1994 as an affiliate of the United Way of the Mid-South and initially funded through Federal grants from the Department of Housing and Urban Development. UHI incorporated as an independent organization in 2000 and then became part of NeighborWorks America, a national network that provides funding and technical assistance to more than 240 affordable housing and community development organizations across the country. By providing education, lending, and construction services, UHI has facilitated the sale of or prevented the foreclosure of more than 4,300 homes in the region, provided more than $11 million in down payment assistance, and delivered homebuyer education and counseling to more than 8,000 first-time homebuyers, for a total impact of $500 million impact on Memphis and Shelby County. 

 

Position Summary:

Generates revenue to support Lending Department by working with housing counselors and builders to bring loans to United Housing, Inc.
Develops a comprehensive plan, timeline, and performance measures for meeting lending objectives.
Oversees and manages the borrower flow from application to closing.
Participate in community events presenting United Housing lending products to community partners and potential clients, public speaking when required. 

Responsibilities:

Stays current on all regulatory guidelines related to residential lending, shares information with others; ensures that department is in compliance.
Generates revenue to support Lending Department by working with housing counselors and builders to bring loans to United Housing, Inc.
Develops a comprehensive plan, timeline, and performance measures for meeting lending objectives.
Oversees and manages the borrower flow from application to closing.
Participate in community events presenting United Housing lending products to community partners and potential clients, public speaking when required. 
Monitors investor and bank partner relationships to insure the best leveraging of all loan products and relationships and satisfaction of all parties.
Refines the lending systems as necessary to assure the highest quality service to the customers and partners.
Supervises all lending and loan servicing activities and staff.
Ensures that the standards of practice, the policies, the procedures, and the internal controls for successful lending meet industry standards.
Ensures that appropriate protocols are followed for mortgage file maintenance.
Assists with implementing a fee and point structure to create sustainability and produce revenue.
Manages the maintenance and upgrades as needed of lending software.
Supports supervisor in role as liaison to Loan Committee and provides them with management reports as required to include performance, cost analysis, and overall financial information.
Performs other responsibilities and tasks as assigned by supervisor.  

Requirements:

NMLS License with at least 5 years of residential lending experience in a financial institution.
Bachelor’s degree or equivalent experience in Finance or Business or related field.
Management experience with preference for the experience in community lending and building lending relationships with local and national banks.
Prior training in regulatory compliance preferred.
Ability to manually underwrite loans to ensure loans meet guidelines of bank partners.
Closing Department or Secondary Market experience helpful.
A combination of experience in the mortgage lending business.

Compensation:

• Salary is commensurate with the job responsibilities, skill required, and experience of the individual.
• Benefits are described in the Personnel Policy provided to each employee.

How to Apply:

Send resume to: ameadors@uhinc.org 
                          

Loan Portfolio Administrator Florida Community Loan Fund
Orlando, FL
Job Function: Lending/Loan Operations
Posted: July 19, 2018

Background:

The Florida Community Loan Fund (FCLF) is a non-profit lending institution providing capital and expertise to make projects successful and help organizations improve lives and low-income communities throughout the Sunshine State. Established in 1994, FCLF operates statewide from a network of offices in Orlando, Jacksonville, Tampa, Sarasota, Fort Lauderdale, and Miami. FCLF financing has helped more than 160 organizations succeed in their projects, providing over 325,000 Floridians annually with housing or social services through 300+ lending transactions to projects totaling over $941 million. FCLF became Florida’s first certified statewide Community Development Financial Institution in 1996 and has been certified as a Community Development Entity since 2004.

Position Summary:

FCLF is seeking an experienced Loan Portfolio Administrator to facilitate loan closings, administer draws, and assist in the management of a growing commercial loan portfolio of community development loans originated throughout the state of Florida.

Responsibilities:

Responsibilities Include:
  1. Preparing or reviewing drafts of loan commitment letters with the Community Development Loan Officers.
  2. Preparing commercial real estate loan documents (Promissory Note, Mortgage, Loan Agreement, etc.), and ensuring all required due diligence items, including but not limited to, title and survey issues, ESAs, property condition reports and appraisals, are reviewed and satisfactory prior to loan closing and disbursement of funds.  
  3. Coordinating loan closings with borrower, title company, attorneys, other lenders, municipalities, etc. Maintaining ongoing communication with the Loan Fund’s attorneys to ensure adequate legal assistance with loan closings, when necessary.
  4. Reviewing borrower and third party information (draw requests, AIA forms, inspection reports and other due diligence items) and recommending advances on construction loans and other line of credit facilities.
  5. Ongoing tracking of construction loan agreement and loan agreement covenants. Identification of borrowers that are not in compliance with loan agreements. 
  6. For each loan file, consistently maintain borrower contact information, insurance information, financial statements, UCC-1 financing statements and any other time-sensitive documentation.
  7. Consistently confirm complete and accurate database of borrowers and loans within loan portfolio software.
  8. Responsible for follow-up with delinquent borrowers, or coordination with lender for contact. 
  9. Perform periodic site visits to borrower’s project sites to monitor construction and/or the ongoing viability of the project/collateral, as well as for ongoing customer relations.
  10. Close interaction with FCLF Finance Department for reporting, funding, payment, audit issues. 
  11. Assist with collection and reporting of data and measurement of social impact of loans made.
  12. Other related duties as assigned including utilizing computer systems to track loan activity, generate reports,, assist in loan servicing process including invoices, payments, etc.

Requirements:

Qualifications
  1. Minimum 3 years of experience administering a commercial real estate loan portfolio.
  2. Minimum 5 years of experience closing commercial loans including ability to create or review legal documentation (notes, mortgages or security agreements, loan agreements, etc.). Proficiency in the review of title insurance commitments/policies, surveys, collateral, lien filings, appraisals, hazard and general liability insurance evidences, environmental reports or other third party information.
  3. An undergraduate degree or equivalent work experience.
  4. Experience in, or knowledge of, affordable housing, community development finance and the nonprofit industry is preferred.
  5. Extraordinary record keeping abilities and attention to detail, and a proven capacity to produce consistently accurate and high quality work. 
  6. Knowledge of MS Office Suite with emphasis on Excel experience, including, but not limited to downloading and integrating raw data from other sources and creating reports and other spreadsheets. Experience working with one or more commercial loan portfolio management software programs.
Other Requirements
  • Maturity, initiative, flexibility, and ability to work independently and cooperatively with others located across the state are essential qualities, as are strong organizational skills and ability to handle multiple tasks under tight time constraints. Some ability to travel and own transportation may be required.
The position is part of the organization’s lending team and works closely with the finance department. Candidates must have a commitment to social and economic justice and a strong interest in community development.
 
Location: The position is based in Orlando.

Compensation:

Compensation & Benefits: 
This position offers the unique opportunity to join an innovative organization with the vision and expertise to make a difference in disadvantaged communities throughout Florida.
A competitive compensation package 
Very generous paid time off benefits program 
403(b) plan with employer-paid contributions 
Opportunities to work with a dedicated team who are driven to aid distressed communities

How to Apply:

Application Instructions:
Please submit your resume via e-mail to vltorres@torresandassociate.com along with a cover letter which specifically outlines your experience in the following:
your experience in COMMERCIAL real estate loan administration; number of years and position(s) held;
Experience in closing commercial loans including ability to create or review legal documentation; number of years and positions held.
In the e-mail subject line, please note you are responding to the Portfolio Administrator position.
Applications without a cover letter containing the above information will not be considered. No phone calls please.
The Florida Community Loan Fund, Inc. is an equal opportunity employer.

Program and Loan Officer Greater Minnesota Housing Fund
St. Paul, MN
Job Function: Lending/Loan Operations
Posted: July 13, 2018

Background:

Greater Minnesota Housing Fund (GMHF) is Minnesota’s leading nonprofit affordable housing lender. More than just a lender, GMHF is known for its innovation and its creative approaches to Minnesota’s affordable housing challenges.

GMHF is Minnesota's largest non-profit certified community development finance institution (CDFI) serving housing development organizations, local governments and builders & developers with loans & grants, permanent financing, tax credit equity, technical assistance, research and policy analysis. Concentrations in affordable rental housing, home ownership, sustainable development, supportive housing with services, housing preservation, neighborhood revitalization, and the preservation of naturally occurring affordable housing. Minnesota Equity Fund (MEF) is GMHF's low income housing tax credit syndication subsidiary capitalized with $50 million in initial investor equity. MEF invests in affordable multifamily housing developments in Minnesota and other states. NOAH Impact Fund (NOAH) is GMHF’s naturally occurring affordable housing subsidiary. NOAH targets rental properties at risk of conversion to higher rents and the threat of displacement of low- and moderate-income residents.

GMHF is certified by the Department of Treasury as a Community Development Financial Institution (CDFI), and is a 501(c)(3) nonprofit organization founded in 1996 to address the affordable housing needs of Minnesota’s under-served areas including cities, towns, rural areas, and tribal nations. GMHF is rated Four-Star, AA Policy Plus by Aeris and is a member of the Federal Home Loan Bank of Des Moines.

Position Summary:

This Program and Loan Officer plays a key role in the deployment of financing, technical assistance, and partner engagement to advance affordable housing and community development objectives statewide.  The Program and Loan Officer role primarily functions as GMHF’s customer-facing staff and lending sales force and carries out a broad range of activities related to lending, grantmaking, technical assistance, and program administration.  A successful Program and Loan Officer has a passion for affordable housing and community development.

Responsibilities:

  • Develop and maintain external relationships with industry partners, including real estate developers, public agencies, and community organizations as needed to successfully cultivate lending prospects and advance programmatic initiatives that advance GMHF’s strategic goals and priorities.  
  • Review financing applications and facilitate the application process through regular communication and follow-up with internal and external participants to ensure thorough, accurate, and timely completion of all underwriting and due diligence. 
  • Analyze financing requests to assess conformance to GMHF’s existing products and policies, ensure alignment with GMHF’s strategic priorities and charitable purpose, project feasibility and credit quality.
  • Facilitate the loan and grant approval process including preparation of written credit reports and resolutions for review and approval by staff and board committees, presentation of loan and grant recommendations, and ensure proper documentation of all funding awards and decisions.
  • Facilitate the origination process, including finalizing loan terms with borrowers, preparation and review of loan documents in consultation with legal counsel, and coordination with GMHF’s underwriter and loan closer to ensure timely and accurate closing and funding of approved loans.       
  • Perform technical assistance to borrowers, project partners, and other stakeholders as needed to overcome barriers to project success and/or timely completion.
  • Coordinate with Asset Manager and Portfolio Manager to facilitate compliance and performance of existing loans including proactive communication with borrowers to gather information and provide technical assistance, reviewing scheduled draws, coordinating loan modifications, debt restructuring, or other remedies as needed to achieve desired outcomes.  
  • Report on activities as directed and provide complete update at least quarterly.
  • Participate in preparation of budgets, work plans, submissions to rating agencies, regulators, funders, and other agencies as directed.   
  • Perform other duties as assigned and required.

Requirements:

  • Knowledge of real estate finance and development with a strong preference for candidates who have experience with affordable housing financing from federal, state, and local government sources such as tax exempt bond financing, the Low-Income Housing Tax Credit (LIHTC) program, tax increment financing (TIF), or financing from federal agencies such as the U.S. Department of Housing & Urban Development (HUD) and U.S. Department of Agriculture Rural Development Division (RD).
  • Demonstrated analytical and problem solving skills in the context of complex real estate development and finance transactions
  • Personal maturity, strong interpersonal skills, and proven ability to negotiate effectively and resolve conflicts professionally
  • Excellent oral and written communication skills 
  • Ability to effectively organize competing work priorities under pressure to meet deadlines while maintaining high quality work products
  • Ability to work both independently and collaboratively in a dynamic organization 
  • Ability to travel
  • Computer proficiency
  • 5-8 years of related professional experience
  • Bachelor’s Degree or Equivalent Experience 

Compensation:

Negotiable

How to Apply:

Email resume and cover letter to asheets@gmhf.com

Manager/Sr. Manager, Investments RSF Social Finance
San Francisco, CA
Job Function: Investment
Posted: July 12, 2018

Background:

At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through integrated financial and philanthropic services that generate positive social and environmental impact while fostering community and collaboration among participants.

With a 34-year track record of deploying loans, grants, and other catalytic capital to social enterprises, RSF is recognized nationwide as a leader in the field of social finance. As an organization of fewer than 50 employees, RSF’s approach is to grow our team by adding one person at a time. In doing so, we identify and seek a particular set of skills and experience to meet specific organizational needs. At the same time, we seeking candidates who align with our mission and values.

Position Summary:

Reporting to the Chief Investment Officer, the Manager or Sr. Manager, Investments is a unique position that combines asset management and direct investing into social enterprises. For asset management, this position will manage the execution of RSF’s investment strategy to optimize the impact of philanthropic assets. For direct investing, this position will be key to the growth and success of RSF’s integrated capital strategy, providing flexible forms of capital to social enterprises. Finally, this position will contribute to high priority strategic initiatives including strategic planning, impact assessment, and ongoing competitive analyses to advance RSF’s leadership position in the field of social finance.

RSF offers clients a variety of Philanthropic Services, including Donor Advised Funds. The gifts and contributions received from these philanthropic clients comprise RSF’s philanthropic assets. We steward and invest these assets in a mission and values-aligned manner.

RSF provides various forms of capital (debt, equity, grants) directly to social enterprises. Historically, the bulk of this financing has been in the form of senior secured loans from our Social Investment Fund, managed by RSF’s Lending Team. In recent years we have developed new offerings, philanthropic Capital Collaboratives, that give RSF the ability to make direct equity and equity-like investments to complement our suite of offerings and expand our flexibility to partner with social enterprises.

Responsibilities:

Investment Management, Philanthropic Assets

Project Management, Research & Analysis:

  • Manage a complex, multi-year project to develop and execute RSF’s investment strategy involving external and internal stakeholders:
  • Manage relationship, timeline, and deliverables of external investment advisory firm, hired on a consulting basis.
  • Optimize expertise of external Investment Advisory Committee by coordinating meeting agendas, follow ups, and corresponding with committee members.
  • Prepare deliverables and synthesis of project status for RSF Board of Trustees.
  • Conduct research and analysis of macroeconomic trends and key investment themes by impact area and asset class that affect RSF’s existing investments and will inform RSF’s future investments.

Make New Investments:

  • Build pipeline of investment opportunities by impact theme and asset class.
  • Conduct due diligence and full analysis on select new investment opportunities, draft recommendation memos to present to Investment Committee. Manage all elements of transaction through to closing.
  • Manage Existing Investments:
  • Manage existing investments. Review quarterly reports and statements from managers, participate in annual LP meetings and calls. Track monthly performance of materially significant investments.
  • Review data on investments for accuracy and write brief summaries for quarterly Philanthropic Services Client statements.
  • Partner with RSF’s Information Systems and Finance & Accounting teams to ensure accurate tracking of investments, reporting, and information sharing internally.

Integrated Capital Deployment, Funding Social Enterprises

  • Work in partnership with the CIO and Lending Team to build pipeline, evaluate, and execute new opportunities to make direct equity investments into social enterprises from RSF’s philanthropic Collaboratives, with an initial focus on the Women’s Capital Collaborative.
  • Streamline the direct investment process and documentation, in alignment with overall ‘capital deployment’ out of Collaboratives.
  • Support CIO and Lending team on large, ‘marquee’ Integrated Capital financings where analysis is required on the overall capital structure and equity raise planned in tandem with RSF’s debt.
  • Co-create a strategy around co-investment partnerships: identify highly-aligned investors, lenders, and donors that complement RSF’s Integrated Capital offerings. Cultivate relationships that result in sourcing new social enterprise clients and a productive co-investment community.

Strategic Initiatives

  • Serve on core team working with CEO/CIO/COO on strategic planning process for RSF. Synthesize data and key concepts, produce draft deliverables. Manage and update scenarios in RSF’s 5-year financial model, in support of the strategic plan.
  • Serve on core team representing Investment team’s needs, for Impact Assessment & Management project.
  • Conduct market assessment & competitive analyses to advance RSF’s positioning as a social finance/impact investing leader.

Requirements:

Education, Experience, Values Alignment:

  • 5-10 years of experience in roles requiring analytical rigor, strategic thinking, and ability to synthesize data, and produce clear deliverables.
  • Relevant industries include investment banking, management consulting, private equity, venture capital, or investment management.
  • Experience working with a variety of fund managers across asset classes, management teams of for-profit companies and non-profit organizations, institutional investors and family offices is preferred.
  • BA/BS degree required; MBA degree preferred
  • Commitment to the vision, mission, and values that inform RSF’s work.

Communication & Judgement

  • Strong written and oral communication skills
  • Exceptional interpersonal and listening skills to effectively collaborate with colleagues, management teams of investees and prospective investments, investor and donor clients, and strategic partners
  • Ability to exercise good judgment and respond appropriately to changing circumstances and priorities
  • Use discretion, maintain confidentiality, and manage sensitive client relationships and information
  • Ability to work independently and collaboratively as part of a team

Function-Specific Skills:

  • Excellent time and project management skills, meeting facilitation and participation skills
  • Experience evaluating equity and debt investments, preferably companies with a social mission
  • Proficiency with financial statement review and analysis, understanding of valuation methodologies
  • Highly quantitative, with excellent analytical skills, including proven financial modeling skills
  • Experience conducting market and competitive analysis to inform strategy
  • Excellent proficiency with Microsoft Excel, PowerPoint, Word, and Outlook
  • Proficiency using Salesforce as CRM system and data analytics tool for analysis and reporting
  • Ability to utilize databases and internet resources for research.

Compensation:

Competitive non-profit salary based on qualifications and experience. Other benefits include:

  • A fulfilling work environment at a supportive and entrepreneurially-driven organization
  • A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
  • Very generous vacation and sick leave benefits plus nine paid holidays per year
  • 403(b) plan with employer-paid contributions after one year of employment
  • Exposure to innovative ideas, projects, and collaborative staff activities
  • Access to numerous professional development opportunities

How to Apply:

Please submit your resume via e-mail to HR@rsfsocialfinance.org along with a thoughtful cover letter. In the cover letter, please explain why you are interested in the mission, values, and activities of RSF Social Finance. Please also tell us why your skills and experience would make you successful in this role. In the e-mail subject line, please write “Manager, Investments”.

Please note that applications without a cover letter will not be considered. No phone calls please.

Applications will be accepted on a rolling basis.

RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply. 

Community Lending Officer Upper Manhattan Empowerment Zone Development Corp.
New York , NY
Job Function: Lending/Loan Operations
Posted: July 11, 2018

Background:

The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments.  UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood.

UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over 1.1 billion in private capital, and has funded 100 small businesses.

In 2017, UMEZ became a recognized Community Development Financial Institution (CDFI) with over $80 million in assets.  UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

 

Position Summary:

The Community Lending Officer will work with Business Investment team to develop relationships and serve as the liaison to community-based organizations, community banks, and local chambers and commerce.  Under the direction of the Business Investments lead, this role is responsible for interfacing with clients and counseling to small business owners and entrepreneurs who seek funding for small business projects. This role will conduct outreach in an effort to develop new lending opportunities within the Upper Manhattan Empowerment Zone.

 

Responsibilities:

  • Work with the Business Investment team to identify, develop, and expand lending opportunities by conducting proactive outreach to small business entrepreneurs
  • Work with the Business Investment team to develop relationships, to promote loan services and products externally and serve as liaison to community-based organizations, community banks, and local chambers and commerce
  • Under the direction of Business Investments lead, interface and provide one-on-one counseling, respond to referrals in a timely manner, and assist with customer support to small businesses seeking to secure technical assistance and capital
  • Assist local entrepreneurs and strategizing with them to overcome business development issues; advises clients on the loan application process and basic criteria used to determine credit worthiness
  • Gather client application information and visit client’s and loan applicants’ business location to verify information, check on progress and offer technical assistance, referrals, and follow-up when necessary
  • Recommend appropriate loan terms and repayment schedules by conducting risk manage assessments
  • Assist the Business Investment team and legal counsel with loan closings by providing recommendations, preparing financial analysis, and making both oral and written presentations to the BRISC Loan committee
  • May be asked to attend non-work hours events or meetings as it relates to engaging and representing UMEZ’s mission to cultivate community partnerships and promote lending activities

Requirements:

  • Experience in lending and credit training
  • 3-5 years in lending experience
  • Excellent business development, outreach, detail oriented, and have strong follow-up skills
  • Must be able to engage in a tactful manner with potential borrowers, existing borrowers, and community partners
  • Prior related experience in the non-profit and/or public sector preferred
  • Strong financial skills, business accounting, interpersonal, and communications skills
  • Community residence and/or familiarity with Upper Manhattan community preferred
  • An energetic and resourceful person with a strong interest in community engagement
  • A self starter; a team player; a strategic thinker; a creative problem solver.
  • Bi-Lingual, English and Spanish, a plus but not necessary

Compensation:

The salary for this position is commensurate with experience.

How to Apply:

Interested candidates should e-mail or mail a resume and cover letter to:

Danessy Pico
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
HR@umez.org
Attn: Community Lending Officer  

No Phone Calls or Faxes Please

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