Careers at OFN

  • OFN is hiring! Join our team and work to align

  • capital with social, economic, and political justice.

OFN's core mission is to align capital with social, economic, and political justice. We seek qualified candidates committed to this mission and to upholding OFN's standards for excellence. OFN is currently hiring for the following staff positions. Internships are also available - click the link at right.

If we don't currently have an open position in your area, you may submit a Resume.

Credit Analyst

Position Summary

The Credit Analyst supports senior Financial Services staff in financial statement analysis, borrower credit reviews, loan requests, and portfolio management duties. Such assistance will include gathering and compiling data, analyzing and preparing reports, composing written summaries, spreading financial statements, maintaining borrower and loan production files, communicating with borrowers, and preparing information for internal and external reviews. Responsibilities also include performing annual loan reviews and analytical support of loan underwritings.

Responsibilities include but are not limited to:

  • Assist Financial Services team in loan underwritings, including various analyses, calculations, summaries and other tasks as required by the underwriter
  • Assist in analysis and preparation of annual loan portfolio review
  • With support from senior staff, perform annual credit reviews of borrowers
  • Spread borrowers’ financial statements into OFN statement template
  • Manage loan covenant compliance, including financial statement collection, and borrowing base compliance with loan agreement, performing quarterly covenant compliance checks, and following up with borrowers in the case of covenant violations
  • Communicate to Financial Services Team status of receipt of quarterly financial statements, quarterly compliance checks and reporting, portfolio reports, spreads and scheduling of annual reviews
  • Assist in drafting and updating written procedures for the credit administration and portfolio management functions
  • Analyze portfolio trends and identify portfolio vulnerabilities by interpreting data on payment trends, borrower financial ratios, pricing, economic influences, and other factors affecting the portfolio
  • Evaluate and compare relative quality of various loans and investments.
  • Preparation and presentation of oral or written reports on portfolio trends, general economic trends, and sector indicators (e.g., real estate, small business, etc.)
  • Oversee maintenance of accurate, complete and up-to-date files and records
  • Provide quality customer service at all points of contact with OFN borrowers and prospects as well as answer questions and advise customers regarding loans and transactions with OFN borrowers and prospects
  • Confer with CDFIs and other business representatives to exchange credit information as needed as well as conduct research for new program or project developments
  • Schedule Investment Committee meetings, compile/distribute investment committee packages and follow-up with committee members needs/requests for information as well as take meeting minutes
  • Schedule meetings and conference calls by coordinating and confirming attendance, arranging for the meeting place, equipment/advance materials, etc.

Qualifications

  • Bachelor’s Degree or 5-7 years of work experience in lieu of a degree 1-3 years of experience in financial statement analysis and credit underwriting in a commercial lending environment desirable
  • Experience preparing loan documents utilizing Laser Pro or standard templates as well as Salesforce or CRM system experience desirable
  • Experience or volunteer work in nonprofit or small office environment a plus
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance
  • Superior interpersonal skills and ability to work constructively with diverse constituents is required
  • Ability to analyze non-profit financial institutions’ financial statements and understand loan documentation required
  • Strong organizational skills and ability to manage multiple tasks under moderate supervision in and effective and efficient manner required
  • Ability to work independently or in team environment as required
  • Understanding of and commitment to opportunity finance required
  • Some travel required (10% of time)

Senior Credit Portfolio Manager

Position Summary

The Senior Credit Portfolio Manager supports the Financial Services team in credit portfolio management activities that include borrower credit reviews, loan renewal requests, financial statement analysis, covenant compliance, data management, and report development. Such responsibilities will include gathering and compiling data, analyzing and preparing reports, composing written summaries and recommendations for modifications and loan renewals, spreading financial statements, maintaining borrower and loan production files, communicating with borrowers, and preparing information for internal and external reviews. Responsibilities also include performing annual loan reviews, performing loan renewals, analytical support of loan underwritings, and analytical support of OFN’s annual portfolio review.

Responsibilities include but are not limited to:

  • Manage loan covenant compliance for Financing Fund and Bond Guarantee Program, including financial statement collection, and borrowing base compliance with loan agreement, perform quarterly covenant compliance checks, and follow up with borrowers as needed for corrections and clarification related to the reporting as well as in the event of covenant violations.
  • Perform annual reviews of borrowers.
  • Perform analysis on loan modifications and waivers and prepare related memos and documents.
  • Conduct loan renewals including various analyses, calculations, and prepare credit memos.
  • Assist Financial Services team in new loan underwritings, as needed. Spread borrowers’ financial statements into OFN statement template.
  • Assist in analysis and preparation of OFN’s annual portfolio review memo.
  • Prepare Investment Committee minutes, as required.
  • Oversee maintenance of accurate, complete and up-to-date borrower files and records.
  • Serve as team expert on The Exceptional Assistant (TEA) Loan Management System (LMS) software.
  • Provide customer service at all points of contact with OFN borrowers and prospects, answering questions and advising customers regarding loans and transactions with OFN.
  • Confer with CDFIs and other business representatives to exchange credit information as needed as well as conduct research for new program or project developments.
  • Schedule meetings and conference calls as necessary
  • Other tasks as assigned by supervisor.

Qualifications

  • Bachelor’s Degree or 5-7 years of work experience in lieu of degree.
  • 3-5 years of experience in financial statement analysis and credit underwriting in a commercial lending environment desirable.
  • Experience with Salesforce or CRM system experience and a loan management system preferred.
  • Experience in nonprofit or small office environment desirable.
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
  • Superior interpersonal skills and ability to work constructively with diverse constituents is required.
  • Ability to understand financial statements in order to perform credit and financial underwriting is required
  • Ability to understand accounting and financial statement presentation
  • Ability to understand loan documentation and ability to uncover and ascertain prospective borrowers’ needs
  • Strong organizational skills and ability to manage multiple tasks under minimal supervision in and effective and efficient manner required.
  • Ability to work independently or in team environment as required.
  • Understanding of and commitment to opportunity finance required.
  • Advanced knowledge of MS Excel and file sharing programs.
  • Job involves normal physical requirements for an office position.
  • Some travel required (10% of time).

Each summer OFN offers several internships across the organization. Our program is designed to give interns work experience in their field of interest. It also introduces them to the opportunity finance industry and the transformative work CDFIs do in low-income communities across the country.

Available Summer 2017 Internships

All internships for Summer 2017 have been filled. Please check back next year for available 2018 internships.

Visit our Internships page for more information about the internship program.

Apply Now

Click here to apply for an open position.

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