Capital Impact Partners transforms underserved 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 underserved Americans.
The responsibility of the Grants and Contracts Specialist is to provide Capital Impact Partners (the “Company”) with technical and administrative support throughout the Grants and Contracts process.
The Grants and Contracts Specialist will: support the implementation of grants and contracts management workflow; coordinate the internal review process by guiding and providing technical assistance to business units, ensuring successful workflow; interface with multiple business units to provide support relating to grants, awards, and contracts while adhering to Company policies. The Grants and Contracts Specialist will have or be willing to develop a proficiency in grants and contracts management databases, such as Salesforce and Quickbase, to support this work.
The Grants and Contracts Specialist will perform OFAC/BSA searches and order Certificates of Good Standing on an as-needed basis.
The Grants and Contracts Specialist will report to the General Counsel, or other person designated by the General Counsel, and reside in the Legal Department.
Process all assigned grant and contract submissions to ensure accuracy
Track and monitor submissions within workflow for timeliness
Understand and utilize Company policies for grants and contract approval process
Provide guidance and technical assistance to other employees using the workflow
Maintain standard forms and templates in a current resource library for staff to use
Maintain online records of executed grants and contracts and back up documentation
Maintain online records of contract number assignments
Assist in preparations for trainings and refresher sessions
Post-award grant set up as required by workflow
Secure appropriate programmatic authorization and signatures
Submit statutory representation invoices to Accounting
Respond to internal or external audit requests for enterprise risk management purposes
Notarize corporate documents on an as-needed basis
Provide support for ad hoc compliance related projects, including delivery of reports and submit filings within time specified in compliance plan or applicable statute
Must have a Bachelor’s degree and a minimum of 3 years of experience working in grants and/or contracts administration, preferably with at least one those years in a compliance role
Must be able to work independently with minimal supervision, but able and willing to work collaboratively on cross-functional teams in an efficient and productive manner
Must be able to understand and follow complex workflow processes
Must have strong communication skills
Must have extremely high level of attention to detail
Must be proactive in identifying and resolving issues
Must have excellent communication and interpersonal skills
Must thrive in a fast-paced environment under tight deadlines
Must be proficient in Microsoft programs (Word, Excel, PowerPoint); preferably with knowledge of Salesforce
Current Virginia Notary commission a plus
$55,000 - $70,000
How to Apply:
MoFi provides entrepreneurs and business owners with business financing when they are not eligible for financing at a bank. MoFi’s clients are low wealth, low income, lacking in assets, and/or starting a new business—but within 36 months, most of MoFi’s clients are eligible for a bank loan.
Bank eligibility doesn’t evolve naturally; it is helped along with a prescribed plan for the borrower that includes achieving and maintaining business profitability, creating savings and assets, becoming a strong financial manager, creating and using accurate and relevant financial statements, building a strong credit history, and developing a business relationship with a commercial lender.
Plans for achieving bankability are created during underwriting. Plans include (1) a target bankability date that is agreed upon with the client’s banker; (2) a scheduled set of meetings over the phone or in person with MoFi, the client, and the banker; (3) customized business assistance from MoFi’s consulting team which provides accounting, legal, marketing, financial management, credit building, and human resource assistance; (4) bankability metrics tracking including debt service coverage, loan-to-value, profitability, credit score, months in business, and financial statement accuracy; and, as a last step, (5) bank loan application assistance.
This position is responsible for creation of the bankability plans with the loan officers, and, once a loan is closed, oversight and coordination of the bankability plans with the client and consulting team. This position is primarily focused on ensuring the consulting plan is implemented, helping build a strong relationship between the borrower and their commercial lender, and redesigning the bankability plan if targets are not met as projected by the client. The overall goal is help clients achieve bankability more quickly.
Build, update and maintain Bankability Plans for all MoFi Clients
- Create bankability plans for all new clients with the MoFi underwriter, commercial banker, and client using the metrics listed above.
- Oversee all MoFi client bankability plans, meeting schedules, and metric targets – all of which are managed in a customized Salesforce database
- Coordinate consulting services with the consulting team and client
- Update bankability plan, if needed, to incorporate actual results and any changes with the commercial lender’s target bankability date
Build Commercial Lender Relationships for all MoFi Clients:
- Work with commercial lenders across the Rocky Mountain West to help build client relationships
- Help clients who do not have lending relationships find the right banking partner
- Educate lenders on MoFi’s products, services, and overall mission
Get MoFi Clients refinanced by a bank:
- Help clients who have met bankability targets prepare for commercial financing by working with them to complete loan application and compile the accompanying financial support
Excellent verbal, written, and interpersonal communication skills
Strong commercial credit analysis skills; including understanding of SBA programs
Fluency with commercial lending requirements and policies at banks in MoFi’s service area
Ability and desire to help borrowers understand the commercial lending system’s policy and requirements, acronyms, and ratios by making it simple, accessible, and easy-to-understand
Strong computer skills with experience in the MS Office suite of products. Prior experience with Salesforce is not required, but is helpful
Good project management and team coordination skill
BS/BA degree or higher in accounting, finance, or economics
Salary starts at $75,000 per year.
How to Apply:
Interested candidates should submit an application via ZipRecruiter. https://www.ziprecruiter.com/jobs/mofi-c5e3e246/portfolio-relationship-m...
MoFi provides entrepreneurs and business owners with business financing when they are not eligible for financing at a bank. MoFi’s clients are low wealth, low income, lacking in assets, and/or starting a new business. But, within 36 months, most of MoFi’s clients are eligible for a bank loan. Bankability is helped through MoFis comprehensive consulting services which have traditionally focused on wealth, asset and credit building.
Starting in 2019, MoFi will add inclusive hiring strategies to its standard suite of consulting services. This program, offered on a limited basis to clients over the past ten years, has been instrumental in helping businesses attract, train and retain good employees while also helping to rebuild the middle class in their communities. This program opens the door to jobs for low income people – doors that otherwise would not be open. This position will help MoFi clients, targeted communities, and larger employers implement inclusive hiring strategies. The position will also help build a program that can be scaled to other organizations across the US.
1. Help MoFi Business Clients Implement Low Income Hiring Strategies
- Communicate the services available to new and existing MoFi borrowers through phone, email and in-person communication;
- Meet with each client via phone or in-person to understand their current employee base, hiring plans, and HR needs;
- Understand and catalog available recruitment and training resources in each community;
- With community job partners, create customized HR/hiring plans for each business that include (1) job descriptions with qualifications, (2) hiring timelines, and (3) hiring practices to recruit, retain and develop low income people; and (4) development of HR policies if needed.
- Communicate and integrate with client consulting team to ensure that clients have coordinated MoFi services.
2. Help to lower the unemployment and poverty rate in two test communities in Montana and Idaho
- Identify two communities with high unemployment, high poverty, and a low enough population to create noticeable change;
- Meet with community leaders, large employers, and job partners in each community to create a low income hiring strategy
- Work with employers, in the same manner as #1 above, to implement low income hiring strategies
3. Work with major employers in the region to adopt low income hiring strategies:
- Identify 10 major employers in the region
- Meet with each to identify current hiring practices, barriers to low income hiring, and interest in implementing low income hiring strategies
- Work with the MoFi team to create a plan for implementation of low-income hiring strategies in major employers based on results of this outreach
4. Meet regularly with the MoFi team to refine the product that is offered (for instance, should it include financial incentives for employers, etc) throughout the first year
5. Work with the MoFi team, the Rockefeller Foundation, and the Chan Zuckerberg Initiative to develop and track metrics used to define success for the MoFi program and potentially scale the program to other organizations.
Strong financial analysis skills for analyzing how HR practices can affect business financials
Good project management and team coordination
Strong verbal and written communication
Strong problem-solving skills
Exceptional computer skills and experience in MS Office with an emphasis in Excel. Prior experience with Salesforce is preferred
Experience working on teams
MBA or other relevant master’s degree
Salary starts at $85,000 per year.
How to Apply:
Interested candidates should submit an application via ZipRecruiter. https://www.ziprecruiter.com/c/MoFi/Job/Manager-of-Strategic-Partnership...
MoFi provides entrepreneurs and business owners with business financing when they are not eligible for financing at a bank. MoFi’s clients are low wealth, low income, lacking in assets, and/or starting a new business—but within 36 months, most of MoFi’s clients are eligible for a bank loan. In order to help our loan clients build their businesses, increase profitability, and eventually get refinanced, we provide accounting assistance and financial management coaching.
This position works with clients across our portfolio to help them build and understand their financial systems. You will be responsible for working with clients to create managerial financial statements so that they can increase their profitability and cashflow, increase their net worth, and build personal credit. MoFi provides 1:1 consulting services over the life of the loan to improve our clients’ financial stability and help them access the financial mainstream.
Support clients with Financial Management:
- Work with borrowers to set up accounting systems; create simple and effective charts of accounts, record opening balance journal entries, and connect bank feeds and third-party applications to the client’s accounting software
- Recommend appropriate software and subscription levels depending on the nature and size of a client’s business
- Provide resources and training that increase the client’s ability to take ownership of financial management
- Provide ongoing accounting and finance support related to handling unique and/or non-routine transactions, recommend software solutions and troubleshoot problems, track sales and payroll tax, and other bookkeeping tasks
- Advise clients on general business questions, including pricing strategy, vendor relationships, and cash management
- Meet with clients regularly to maintain and develop working relationship and efficiently address any client concerns
- Work with clients to develop financial dashboards and metrics so that they can successfully monitor their business financial health
Assist Consulting Services Team with monitoring financial performance of clients:
- Review client financials to ensure completeness and accuracy
- Monitor client financial health by analyzing profitability, debt service, and liquidity
- Advise clients experiencing negative trends on how to improve business operations
- Work with the consulting team to accomplish annual work plan goals and targets
Help Consulting Services Team ensure clients obtain re-financing:
- Create an action plan with measurable targets that, when met, indicate client eligibility for re-financing
- Implement action plan and ensure clients are taking steps to achieve agreed-upon targets
- Facilitate client and banker relationships that will be utilized when clients are ready to be re-financed
CPA with 2-4 years of public accounting experience, ideally in audit
Proficient with Quickbooks or a demonstrated ability to learn and use accounting software
Excellent team player with humility, flexibility, and collaborative nature
Excellent written and verbal communication skills
Detail oriented and strong organizational skills
Salary starts at $60,000 per year.
How to Apply:
Interested candidates should submit an application via ZipRecruiter. https://www.ziprecruiter.com/jobs/mofi-c5e3e246/client-accounting-manage...
Tideline is a consulting firm that provides tailored advice to clients developing impact investment strategies, products, and solutions. Our mission is to help clients excel in realizing financial and societal value. We believe in shared, sustainable prosperity powered by market-based solutions. To that end, our services include strategy development, research and education, investment product and platform design, and impact management.
Our multi-disciplinary team delivers services of unmatched quality, grounded in deep, rigorous research and analysis. Past clients have included leading asset owners, intermediaries, and service providers active in impact investing. Tideline was founded in 2014 with offices in New York, NY; San Francisco, CA; Portland, OR; and Austin, TX, and is led by the firm’s partners: Christina Leijonhufvud, Ben Thornley, and Kim Wright-Violich.
Tideline is an equal opportunity employer. We value diversity and are committed to an inclusive workplace.
This is a unique opportunity for an early-career individual to gain exposure to impact investing and strategy consulting. The Analyst / Coordinator will split time between two important functions at the firm: supporting client projects through research and coordination; and providing internal coordination and administration support.
Candidates will be considered for the New York office. Candidates will be offered an initial six-month employment agreement, with the possibility of converting to a permanent employee thereafter, pending the business’s needs at that time and performance.
Project coordination and research (~50%):
> Performing research and analysis related to client projects, including literature reviews, summaries of findings, participation in expert interviews, etc.
> Leading scheduling and supporting project management for client projects
> Developing client materials, including PowerPoint presentations and reports
> Supporting quantitative analysis and modeling efforts for client projects (as applicable given candidate experience)
Internal coordination and administration (~50%):
> Managing scheduling and providing other administrative support primarily for one of the Managing Partners, with occasional support for the other two as well
> Contributing to operational improvements and processes (e.g., IT systems, time tracking, hiring, etc.)
> Supporting coordination of business development activities, with the Managing Partners
> Maintaining and updating the client relationship management tool
> Overseeing office management in the NY office
The ideal candidate has a collaborative disposition; an appreciation of thoughtful and efficiently managed processes; is exceptionally well-organized with an eye for detail; communicates well; and a commitment to advancing social and environmental outcomes. Every member of the team embodies our firm’s values: excellence, commitment, and openness.
Desired qualifications include:
> Bachelor’s degree
> Knowledge of impact investing, finance, and/or philanthropy preferred
> Experience in consulting, impact investing, finance, philanthropy, and/or research a plus
> Strong written and oral communication skills
> Financial / quantitative analysis experience a plus
> Adept at using Microsoft Office; strong PowerPoint skills and design sensibilities a plus
> Ability to manage multiple tasks with high attention to detail and organization
> Ability to think critically and creatively
> Demonstrated ability to exercise initiative, sound judgment, and discretion
> Strong interpersonal and relationship-building skills
> Sense of humor and self-awareness
Commensurate with experience
How to Apply:
Please apply through the following link: https://tideline.bamboohr.com/jobs/view.php?id=26
You may send any questions to firstname.lastname@example.org
Reinvestment Fund (Company) is a financial services company serving as a catalyst for change in low-income communities. Reinvestment Fund integrates data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, the company brings high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives.
Reinvestment Fund brings together individual investors, banks, government officials, private foundations and faith-based and community organizations to invest in projects that transform communities. As a federally-certified community development financial institution (“CDFI”), the company manages $1.1 billion in capital that originates from over 865 investors. Reinvestment Fund has deployed over $2 billion into community revitalizing and job-creating projects and enterprises over its 33-year history. The company maintains an AA- issuer rating from S&P, as well as a four star with Policy Plus, AAA rating from AERIS (highest rating available from industry rating agency).
ABOUT REINVESTMENT FUND POLICY SOLUTIONS:
Reinvestment Fund’s Policy Solutions group has developed and refined highly-customizable analyses to further public policy around issues central to the communities we serve. Our analyses are based on proven methodologies and are unique in their use of spatial and statistical analyses to understand places and further effective program design and implementation.
From our real estate focused Market Value Analyses (MVA) to our studies of child care and supermarket access to our national analysis of the HUD NSP program – Reinvestment Fund has developed and brought these tools together to comprise a portfolio of work that places us among the most highly regarded public policy research organizations in the country. Check out our website at: www.reinvestment.com for examples of our work.
The Policy Solutions team brings together a distinctive combination of expertise and experience. Current staff backgrounds include public management and program development, city planning, public policy, law, statistical research and analysis, and geographic information systems. This collective experience allows us to bring an objective, well-rounded approach to every project we undertake. To further bolster our capacity, the Policy Solutions team has a Policy Advisory Board that offers feedback and direction regarding our methods and products. The Advisory Board includes renowned academics and practitioners with various areas of expertise. See: https://www.reinvestment.com/policy-solutions/team/
The Senior Policy Analyst will work as part of the Policy Solutions team and with staff from the various Reinvestment Fund business lines, as well as with external researchers in related or complementary fields. This position is responsible for managing the design and implementation of research studies. The Senior Policy Analyst will also contribute to Policy Solutions’ business development efforts.
The Senior Policy Analyst must have the ability to design and conduct quantitative, qualitative, and mixed-method research projects that are intended to provide actionable results for clients. The successful candidate will visually display data in a range of formats, including in tables, graphs, and maps. The Senior Policy Analyst will produce reports, in consultation with senior staff and with support from junior staff, that contain descriptive, analytical and evaluative content for audiences that include researchers and non-researchers. Ensuring quality control from project conceptualization through data processing and analysis is essential. The Senior Policy Analyst will present research results to clients, project advisory groups, policymakers, and other stakeholders. The successful candidate will have demonstrated experience managing and providing career development support for junior staff. The Senior Policy Analyst will contribute to business development efforts which may include writing proposals, presenting to prospective clients, and managing client relations. The position also requires good time management skills and the ability to work independently and as part of teams on multiple projects at one time.
To perform this job successfully, an individual must be able to perform each essential duty noted above. The requirements below represent the range of knowledge, skill, and abilities that expected, for incoming staff. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education & Content Expertise
• Master’s degree plus 5 years of relevant experience, in public policy, urban planning, geography, economics, public health, sociology, demography, or other related fields.
• Familiarity with major issues in several of the following fields: housing, public education, community development, economic development, food access, community assets, social and human services, public health, health care and early childhood education.
• Demonstrated experience designing/conducting quantitative (i.e., statistical, spatial, econometric) and qualitative (i.e., observational, interviews) research projects.
• Ability to work as part of a team.
• Advanced critical thinking skills exhibited by the ability to take information from a wide variety of sources and synthesize/analyze the information in the context of Reinvestment Fund’s organizational mission.
• Demonstrated proficiency and experience using GIS (ArcMap), MS Office Suite, and statistical programs (SPSS, Stata, R).
• Knowledge of and experience with database programming languages, especially SQL and/or Python.
• Experience with survey design.
• Experience managing and developing junior staff.
• Demonstrated success conducting business development activities.
• Demonstrated written and verbal communication skills.
EXPECTATIONS FOR ALL EMPLOYEES:
Supports Reinvestment Fund’s mission, vision, and values by exhibiting the following competencies: Commitment to Reinvestment Fund, ethical behavior/integrity, and respect for coworkers, Reinvestment Fund boards and committees, investors and borrowers, and clients.
Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.
How to Apply:
Please complete the online employment application available on visit our website at www.reinvestment.com and attach your resume and a cover letter with your salary requirement.
Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States. Reinvestment Fund is an Equal Opportunity Employer. Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job related disabilities, or status as a veteran.
Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals this reporting will extend to your household members. You may be subject to a background check.
Capital Impact Partners, headquartered in Arlington, VA, operates nationally, with local offices in Detroit, MI, and Oakland, CA. For over 35 years, Capital Impact Partners has been a nonprofit, mission-driven Community Development Financial Institution (CDFI) that has supported the development of low-income underserved communities nationwide, focusing in five key sectors - health care, education, healthy foods, housing and aging. Capital Impact is also supporting the redevelopment of Detroit through multiple partnerships with banks and foundations.
Capital Impact Partners seeks a Chief Strategy and Innovation Officer (CSIO) who will play a vital role in helping Capital Impact to shape and implement the strategic vision for the organization. The CSIO will develop strategic partnerships and technical assistance programs to amplify Capital Impact’s brand. The CSIO will identify and drive the pursuit of new sources of revenue and impact through current, new, and expanding markets; new or enhanced products and services; and/or new ways of working. Along with the President and Chief Executive Officer (CEO), the CSIO will be a key spokesperson for Capital Impact and represent the organization with community, corporate, and public sector events. The CSIO will also lead the management of the following interrelated corporate level functions: fundraising and strategic relationship management, program development, strategic planning and innovation, social impact assessment, corporate communications, and policy development.
Staff and Executive Leadership:
Provide day-to-day leadership for all assigned functions. Lead through collaboration and innovative management concepts, to effectively and efficiently meet program goals and objectives, within available resource allocation.
Work collaboratively across the organization, sharing knowledge and building trust, demonstrating leadership through effective delegation, mentoring, and team-building. Share information, perspective, and expertise.
Oversee all hiring within the department and work to attract, retain, and develop team members. Develop performance standards, set job expectations, and give ongoing feedback and annual performance ratings to direct reports.
Participate in the creation of and periodic reporting of results of Capital Impact’s Balanced Scorecard.
Co-lead lending and program board committee and actively participate in meetings of the Board of Directors. Must value and support difference in others, contributing to an inclusive work environment. Demonstrate the ability and willingness to communicate effectively with people of diverse backgrounds and experience to create a collaborative, collegial, and caring community;
Strategic Relationship Development and Management:
Develop and lead Capital Impact’s relationship and fundraising strategy in support of Capital Impact’s goals and objectives.
Cultivate existing and develop new relationships within the philanthropic, nonprofit, and corporate communities to identify new opportunities to collaborate in Capital Impact’s target markets and sectors.
Serve as a lead connector, along with the CEO, between external stakeholders and key internal partners.
Program Development and Management:
Oversee Capital Impact’s technical assistance programmatic activities to deepen and expand Capital Impact’s market presence and impact.
Drive research efforts to identify emerging trends/issues in underserved communities and create programming to address them.
Work with community stakeholders to develop a shared agenda and collaborate with lending and investment teams to develop holistic programs that align technical assistance, policy, advocacy, and thought leadership to unlock capital and scale programs regionally and/or nationally.
Strategic Planning, Innovation, and Impact Evaluation:
Lead the development and implementation of Capital Impact’s strategic plan.
Coordinate and integrate annual work plans for all Capital Impact teams to achieve short to mid-term results over one, three and five years.
Continue to develop a culture of learning and innovation by sharing findings throughout the organization.
Foster collaboration and creative thinking across the organization designed to maximize social impact, including analysis of trends and market disruptions and searching for emerging market opportunities.
Create and maintain resource investment and evaluation reports for use by the CEO, Board, and funding sources.
Further develop and integrate Capital Impact’s approach to social impact assessment across lending, investment, and programmatic activities - embedding an impact and outcomes-based mindset into Capital Impact’s work.
Corporate Communications and Policy:
Oversee the identification of content and lessons learned for external publication, to expand the organization’s thought leadership and influence among partners, policymakers, and the broader field.
Collaborate with the CEO and Chief Lending Officer to develop policy priorities to unlock resources at the federal and local levels.
Bachelor’s degree required. Advanced degree preferred
15 or more years experience in strategic planning, community development, learning or operational leadership
A minimum of 10 years of management experience
In-depth understanding of community development finance; validated track record in developing programs and products that meet community needs; established relationships within the philanthropic community and the public sector
Deep knowledge of Capital Impact’s core markets and sectors
Knowledge of CDFI Fund programs, New Markets Tax Credits (NMTC) and best practices at other CDFIs or Community Development Banks is beneficial
Clear passion for working in underserved communities
Proven leader and people developer, with excellent project management, a demonstrated ability to effectively engage and lead individuals and teams, and a highly entrepreneurial mindset
Proficiency with written and oral communication skills, including the ability to speak in a wide variety of public settings, to a variety of diverse audiences
Demonstrated track record of success in developing and implementing multi-year strategic plans and programs focused on addressing complex social issues
Knowledge of how policy and communication can be leveraged to further mission
Proficiency with Microsoft Office (particularly Word, Excel and PowerPoint), Google Suite, Salesforce, and other related systems
Ability to travel up to 50% or more of the time
Commensurate with experience
How to Apply:
To apply, please follow link:
Bridgeway Capital, headquartered in Pittsburgh, Pa., makes western Pennsylvania a thriving region for all by promoting economic opportunity and community revitalization. As a nonprofit lender founded in 1990, Bridgeway Capital serves 15 counties from 3 offices. It manages over $100 million in assets. It is a rapidly growing, market-driven, private-sector financial intermediary with a social mission. Bridgeway made over $21 million in loans in 2018 and is certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department. Bridgeway is rated A+ by the Aeris Rating system for CDFIs.
Bridgeway Capital is seeking to a motivated and accomplished leader to serve as its Managing Director of Lending.
Lead the loan origination activities of the organization. Achieve lending strategic goals and objectives. Perform a variety of duties to meet the lending needs of qualified prospects; provide motivation, guidance, and training to loan officers. Achieve individual origination and servicing goals as established jointly with the Chief Lending and Credit Officer. Comply with operating policies and procedures; communicate with all coworkers as appropriate; respond to inquiries or requests for information from coworkers and customers; maintain records and provide reports on a timely basis.
1. LEAD AND SUPERVISE THE LOAN ORIGINATION TEAM, AS FOLLOWS:
• Ensure that portfolio and proposed transactions support Bridgeway Capital’s mission and community impact goals
• Participate in the successful development of new products and markets to fulfill Bridgeway’s strategic plan and support continued portfolio growth
• Establish goals and action plans for loan officers to meet the objectives of the strategic plan
• Recommend loan volume goals in preparation of the annual budget
• Monitor and discuss sales performance versus goals with individual loan officers
• Develop enhancements to support continuous improvements for the loan application and origination process
• Ensure appropriate monitoring and ongoing relationship building with Bridgeway’s existing portfolio
• Prescreen potential new lending opportunities and provide guidance on loan structuring
• Adhere to and ensure the loan officer team adheres to all internal policies, procedures and practices in support of effective risk management and overall safety and soundness and maintain Bridgeway’s compliance with all relevant laws.
• Meet with coworkers and customers to resolve problems as needed
• Participate in customer calls with members of the loan officer team where appropriate
• Review and approve or reject credit applications within approved authority
• Provide team production reports to appropriate management staff on a timely basis
• Work closely with the loan operations team to ensure an efficient and appropriate loan documentation and closing process
2. PERFORM A VARIETY OF DUTIES TO MEET THE LENDING NEEDS OF QUALIFIED PROSPECTS, AS FOLLOWS:
• Develop productive relationships with community development corporations, real estate developers and the many other institutions and businesses that touch low income communities
• Develop and maintain relationships with external referral sources, and continuously strive to develop new relationships that will be beneficial to the organization
• Solicit new business from present and prospective referral sources and customers to attain individual loan volume and community goals
• Maintain a thorough knowledge of the features and benefits of all loan products and types in order to ascertain and recommend solutions to prospective and existing customers
• Assist customers to obtain appropriate business education services in cooperation with the Business Education Director
• Prepare and maintain accurate records (Call Reports) of all contact with customers, prospective customers, and referral sources.
OTHER DUTIES AND RESPONSIBILITIES
• Other duties as assigned
• Recruit and select of new loan officer personnel as needed
• Make provisions for proper orientation and training of new personnel
• Provide motivation, guidance, training, and technical assistance to assigned staff
• Review employee performance in comparison to established and agreed upon goals
• Organize, schedule, and distribute work assignments
• Communicate and inform assigned personnel of pertinent policies and procedures
• Creates an atmosphere in which upward communication from employees is encouraged
EDUCATION/EXPERIENCE (ALL EDUCATION/EXPERIENCE BULLETS ARE REQUIRED UNLESS NOTED AS “PREFERRED”)
• 4-Year Bachelors Degree (prefer Finance, Accounting, or Economics majors)
• 7+ years experience originating commercial loans
• Commercial real estate or community development lending experience preferred
• Experience leading successful teams preferred
JOB KNOWLEDGE, SKILLS AND ABILITIES (ALL KNOWLEDGE, SKILLS AND ABILITIES ARE REQUIRED UNLESS NOTED AS “PREFERRED”)
• Ability to understand, implement and communicate Bridgeway Capital’s mission
• Ability to lead and motivate loan officers to meet sales goals and objectives
• Ability to read and interpret financial information
• Ability to recognize strengths/weaknesses in portfolio loans and new loan requests
• Ability to relate a loan request to appropriate lending structure
• Ability to organize tasks and priorities
• Decision making: Ability to objectively analyze situations and draw accurate conclusions based on logic and facts
• Executive disposition: Ability to convey an image that is consistent with the organization’s values
• Performance management: Ability to work with employees to establish and achieve clear, measurable performance objectives that link to organizational goals
• Resource management: Ability to effectively utilize resources in order to ensure that goals are met on time
• Strategic planning and execution: Ability to translate strategy into specific actions plans. Ability to assign responsibility for carrying out action plans
• Strategic thinking: Ability to assess situations and make decisions that are evaluated objectively, considered from multiple perspectives, and forward looking
• Working collaboratively: Ability to seek input from others, facilitate group problem-solving, cooperate and work effectively with others to achieve shared goals
Competitive based on qualifications and experience.
How to Apply:
Email resume and cover letter to T.J. Bogdewic, Chief Lending and Credit Officer, at email@example.com
Bridgeway Capital, headquartered in Pittsburgh, Pa., makes western Pennsylvania a thriving region for all by promoting economic opportunity and community revitalization. Founded in 1990, Bridgeway Capital serves 15 counties from 3 offices. It manages over $100 million in assets. It is a rapidly growing, market-driven, private-sector financial intermediary with a social mission. Bridgeway made over $21 million in loans in 2018 and is certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department. Bridgeway is rated A+ by the Aeris Rating system for CDFIs.
Bridgeway Capital is seeking a Managing Director of Underwriting to advance its mission by leading its credit risk management efforts and supporting growth in its commercial loan portfolio. The Managing Director:
- implements the credit policy of Bridgeway Capital
- supervises the work of assigned subordinates
- provides motivation, guidance, and training to credit analysts
- manages the credit approval process and loan underwriting for all loan products
- has lead responsibility for Bridgeway’s credit risk management.
Ensure that all lending advances Bridgeway’s social mission
Ensure that all lending complies with investor covenants and program requirements
Manage the day to day loan underwriting process
Complete underwriting of loan requests
Communicate and enforce loan policies and procedures
Identify improvements to policies and procedures to streamline delivery of loan products without compromising credit quality
Participate in the successful development of new products to fulfill Bridgeway’s strategic plan and support responsible growth
Supervise staff in loan underwriting, approval, and loan modification activities
Manage and build a loan portfolio that supports self-sufficiency goals
Manage the underwriting team to collaborate closely with Chief Lending Officer and Loan Officers to review loan applications for feasibility, structure, and compliance with policies and procedures
Support business development and product development initiatives
Assess and monitor the credit risk profile of each loan product’s portfolio and individual loans within the portfolios
Monitor and ensure compliance with credit policy, investor covenants, and program requirements.
Review and approve or decline all transactions within delegated authority
Prescreen potential new lending opportunities and provide guidance on loan structuring
Recommend transactions above delegated authority to internal approvers, the Board of Directors’ Loan Committee and the Boards of Directors as needed
Oversee annual review process for portfolio loans and a benchmark review of the adequacy and consistency of risk ratings within the portfolios
Call on loan prospects and borrowers when credit issues arise
Report to senior management on the quality of loan portfolios
Recruit and select new underwriting personnel for open positions
Provide for proper orientation and training of personnel
Provide leadership and guidance to underwriting personnel
Review employee performance in comparison to agreed upon goals
Create an atmosphere in which upward communication from employees is encouraged
Adhere to and ensure the underwriting team adheres to all internal policies, procedures and practices in support of effective risk management and overall safety and soundness and maintain Bridgeway’s compliance with all relevant laws
Education/Experience (all education/experience bullets are required unless noted as “preferred”):
4-Year Bachelors Degree (prefer Finance, Accounting, or Economics majors
7+ years experience underwriting commercial loans
Experience leading successful team preferred
Commercial real estate or community development experience preferred
Job Knowledge, Skills and Abilities
Ability to understand, implement and communicate Bridgeway Capital’s mission
Ability to read and interpret financial information
Ability to recognize strengths/weaknesses in loan requests
Ability to organize tasks and priorities
Decision making: Ability to objectively analyze situations and draw accurate conclusions based on logic and facts
Executive disposition: Ability to convey an image that is consistent with effective leadership and the organization’s values
Performance management: Ability to work with employees to establish and achieve clear, measurable performance goals linked to organizational goals
Ability to translate strategy into specific actions plans
Ability to assign responsibility for carrying out action plans
Working collaboratively: Ability to seek input from others, facilitate group problem-solving, cooperate and work effectively with others to achieve goals
Competitive based on experience and qualifications
How to Apply:
Sumbit resume and cover letter to T.J. Bogdewic, Chief Lending and Credit Officer, at firstname.lastname@example.org
Cooperative Federal is a unique combination of a traditional credit union and a non-profit community development organization. We operate four community-based offices in the city of Syracuse, NY and three high-school branches. Joining our team is making a choice to dedicate yourself to building our local community and advancing social justice. We are activists posing as bankers.
Cooperative Federal is a non‐profit, certified Community Development Financial Institution (CDFI) chartered in Syracuse in 1982. We deliver a wide selection of accounts, consumer credit, mortgages, business loans, financial education, and financial counseling to our predominantly low‐income membership, helping people meet both short‐ and long‐term financial needs. Our programs help members build credit, buy cars, become homeowners, avoid foreclosure, launch businesses, and more, particularly in neighborhoods that have become “bank deserts.” We are designated as a Low Income Credit Union and a HUD Housing Counseling Affiliate.
The following essential responsibilities are driven by our mission: to serve those underserved by conventional financial institutions, to manage our members’ assets responsibly, and rebuild the local economy in ways that foster justice:
Maintain reliable accounting information and reporting for management planning and decision making and for fulfillment of financial reporting requirements. Reconcile GL and bank accounts. Prepare and post journal entries. Handle payroll processing.
1.Responsible for general ledger reconciliation, and preparation and posting of some journal entries. File and store general ledger journals daily.
2.Set up prepaid and fixed assets in the electronic asset register. Run the depreciation program and prepare reconciliation reports.
3.Review accounts payable checks produced by other staff, for proper authorization. Serve as a back-up for accounts payable, if needed.
4.Reconcile outstanding checks and perform stale-dated check follow-up.
5.Post to accounts receivable, reconcile outstanding receivables, and prepare accounts receivables reports.
6.Review daily cash balances.
7.Prepare daily reconciliation of credit union transaction account, including share draft deposits.
8.Research and adjust all open items and variances, coordinating with other staff as needed.
9.Handle payroll process. Process biweekly payroll files using vendor program, currently ADP. Enter new employees into payroll and timesheet system and assist staff with password resets as needed. Update vacation accruals and sick accruals. Update payroll deductions, garnishments, etc as appropriate. Transmit 401(k) contribution data to plan vendor. Prepare and post payroll journal entries.
10.Follow credit union policies and procedures. Develop and implement processes to streamline credit union accounting practices.
11.Write or update procedures for all tasks in area of responsibility.
12.Ensure that procedures and practices adhere to generally accepted accounting principles (GAAP).
13.Prepare and distribute daily cash balance report
14.Assist with reports such as ALM, ALL, NCUA Call Report
15.Prepare any other financial reports as requested
Other Job Requirements and Qualifications
16.Ability to use verbal and written communication to resolve issues with staff and service providers, and ability to provide detailed records of activities as needed
17.Ability to collaborate with other staff members to achieve work outcomes
18.Demonstrated ability to positively represent and promote the credit union and its mission, policies, programs and services
19.Positive attitude and ability to exhibit courteous, patient and professional behavior
20.Good judgment with regard to confidentiality, privacy and professionalism, and ability to consistently exhibit trustworthy and fair behavior
21.Three years accounting experience or equivalent training, experience with credit union and/or nonprofit accounting preferred
22.Basic Windows and Internet skills required to perform web-based functions, and ability to use word processing, spreadsheet, and email software
23.Must have or develop a thorough knowledge of Ultradata General Ledger System
24.Ability to handle numeric and textual information with high accuracy and repeatability
25.Ability to work in a noisy, crowded, dynamic environment in close proximity to others
26.Ability to work regular hours in a facility with environmental factors that would ordinarily be expected in a place that is open to the public
27.Ability to physically access office workspace and filing systems
28.Cross-train essential duties to ensure efficiency during vacations and sick days
Competitive nonprofit salary based on experience, education, and skills; and a benefits package, including health insurance, 401(k) retirement plan, life insurance, generous paid time off, and 11 paid holidays annually.
How to Apply:
To apply, please email a brief cover letter and your resume to email@example.com
You can also direct resumes, cover letters and inquiries to:
Cooperative Federal, Attn: Staff Search, 800 N Salina St, Syracuse, NY 13208
To apply by fax, send resume and cover letter to (315) 476-0567, ATTN: Staff Search