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

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

To submit a job listing, please use our online form. To edit or remove a posting please contact info@ofn.org.

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

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Controller WWBIC
Milwaukee, WI
Job Function: Accounting
Posted: January 19, 2017

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) has provided quality business and financial education coupled with access to fair capital and financial products for more than 29 years. Since WWBIC was incorporated as a 501(c)(3) in 1987, it has loaned $46 million to small business owners, helped entrepreneurs create and retain 8,900 jobs, assisted over 55,000 clients, including more than 3,900 businesses, and assisted 152 individuals and families in purchasing their own homes through its asset-building program.  Each year, WWBIC increases its impact across the state through the hard work of our staff and dedicated volunteers.  For more information, visit www.wwbic.com.

Position Summary:

This position is primarily responsible for oversight of finance, accounting, and reporting activities, supporting the preparation of Board, Finance and Audit Committee reports and for working collaboratively with leadership to ensure completion of organizational objectives. This position will have supervisory responsibility for our hardworking accounting team.

Responsibilities:

Specific responsibilities include overseeing all accounts, ledgers and reporting systems to ensure compliance; coordinating all activity related to audits, budget development & analysis, AP/AR, payroll and accounting for investments; and analyzing financial data and presenting financial reports in an accurate and timely manner.

Requirements:

The position requires a minimum of 7 years of experience in an accounting and/or financial reporting and previous supervisory experience. A Bachelor’s degree and knowledge or both Generally Accepted Accounting Principles (GAAP) and Office of Management and Budget (OMB) regulations is required.

Must have strong communication, organization and analytical skills along with a high comfort level in Microsoft Office and database experience. Must work collaboratively and be committed to supporting and developing a strong Accounting team. Flexibility, a positive attitude and the ability to manage large volumes of work in a busy office is vital. Valid driver’s license and proof of insurance is needed.

Compensation:

Based on Experience

How to Apply:

Email cover letter, resume and salary requirements to: patricia.lohmann@wwbic.com

State Policy Director CSH
Washington , DC
Job Function: Advocacy/Policy
Posted: January 19, 2017

Background:

CSH transforms how communities use housing solutions to improve the lives of the most vulnerable people. We offer capital, expertise, information and innovation that allow our partners to use supportive housing to achieve stability, strength and success for the people in most need. CSH blends over 20 years of experience and dedication with a practical and entrepreneurial spirit, making us the source for housing solutions. CSH is an industry leader with national influence and deep connections in a growing number of local communities. We are headquartered in New York City with staff based in more than 20 locations around the country.

Position Summary:

The Corporation for Supportive Housing is seeking an energetic, entrepreneurial and results-oriented individual for the position of State Policy Director on the Policy and External Affairs team. Reporting to the Vice President for Policy and External Affairs, the State Policy Director will be responsible for working with CSH staff in the field and with other state and local partners to identify, design, and advocate for state and local level policy reforms and systems change. The Director will work with other partners to advance state/local statutory and regulatory proposals and advocate for increased investments in supportive housing. Additionally, the Director will spend roughly half his/her time working closely with CSH’s Community Investment team and other partners to deepen CSH’s role as a Community Development Financial Institution (CDFI) advancing policy and programmatic efforts to support the financing of supportive housing projects, including recommendations to refine Qualified Allocation Plans to more effectively direct Low Income Housing Tax Credit funding to supportive housing projects. Some travel is required. 

Responsibilities:

Lead state policy reforms and system change (approximately 50%)

  • Provide strategic vision and thought leadership for CSH’s state and local systems change and policy reform efforts.
  • Collaborate with internal leaders to identify additional jurisdictions outside of CSH’s footprint to engage and targeted policy initiatives.
  • Conduct assessment and environmental scans in CSH communities and other targeted jurisdictions to determine the feasibility and viability of pursuing policy and system reform initiatives.
  • Analyze, compile and disseminate research, data and develop materials to support CSH's policy priorities and advocacy efforts, including policy briefs and summaries, action alerts and blog posts.
  • Assist CSH’s Federal Policy Director in operations and management of the National Supportive Housing Coalition.
  • Lead and represent CSH in meetings on Capitol Hill and with the Administration to advocate for CSH's policy priorities, includes assisting CSH offices in developing site visits and relevant    materials for congressional offices.
  • Conduct analysis of federal legislative and regulatory proposals/actions that related to supportive housing, affordable housing development, service funding and relevant programs.
  • Collaborate with CSH program leaders, development team and leadership to advance CSH’s policy priorities and strategic mission

Lead CSH’s state policy efforts to deepen our role as a Community Development Financial Institution (approximately 50%)

  • Lead CSH’s Qualified Allocation Plan (QAP) efforts, including updating CSH’s annual report, assisting Directors in providing comments on state draft QAPs, identify and pursue opportunities in key states to apply best practices and increased supportive housing prioritization and facilitating cross site sharing of best practices and innovations.
  • Prepare policy proposals to use CSH lending including CSH’s structured loan funds to create SH production pipelines connected to capital funding programs.
  • Maintain CSH’s annual supportive housing funding source survey and similar tools that help CSH staff advance policy recommendations; Help lending staff identify opportunities for using these tools to advance work.
  • Prepare project case studies that profile different types of projects that CSH lends to (different populations, development strategies, financing structures, etc.).
  • Participate in relevant national coalitions that CSH is a member of: including ACTION campaign, the CDFI Coalition, Opportunity Finance Network, the New Markets Tax Credits Lenders Coalition and others.
  • Participate in key housing finance & CDFI conferences.

Requirements:

  • Bachelor’s degree; Master’s degree preferred. Additional experience may substitute for education.
  • Experience in the CDFI sector and/or affordable housing lending is preferred
  • Relevant experience in supportive/affordable housing development and/or housing operations, housing-based supportive services, underwriting and financial analysis, funding of low-income and affordable housing programs, or community development activities; experience in the supportive housing field is preferred. Experience as a developer is a plus. 
  • Extensive knowledge of the Low Income Housing Tax Credit program and other federally funded affordable housing financing programs. Experience with state/local funding programs in one or more states highly desired. 
  • Demonstrated experienced managing staff in person and remotely desired; building high quality teams; building trusted relationships; setting and managing performance expectations; and a proven ability to present/train in the areas of real estate development and housing finance issues.
  • Demonstrated experience at managing multiple assignments effectively.
  • Candidates must be able to take initiative and pursue program goals with minimal supervision.
  • Familiarity with and/or interest in issues related to supportive housing including homelessness, low-income housing, finance, state and local policies, social service delivery, community development, mental illness, AIDS, harm reduction, etc.
  • Excellent verbal and written communication skills; Strong analytical, interpersonal, communication and presentation skills.  
  • Strong computer skills – including Microsoft Office – is required.

 

Compensation:

Commensurate with experience.

How to Apply:

Candidates should apply here. All applications must should attach their resume, cover letter and a writing sample.

CSH is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees, and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation.  CSH is also committed to a policy of affirmative action in the hiring of staff and encourages employment applications from people who are representative of the culturally and ethnically diverse communities CSH serves.

Associate Aeris Insight Inc.
Philadelphia, PA
Job Function: Finance
Posted: January 18, 2017

Background:

Aeris guides capital to good. Aeris (formerly known as CARS) is the information service for community investors who champion economic justice in underserved markets. Since 2004, the nation’s leading community investors have used Aeris’ data and ratings to support their community investing. Our clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more. 

Aeris ratings, data, and consulting provide a road map to understanding community investments, and help investors evaluate opportunities that meet their impact goals and risk parameters.

Position Summary:

The Associate will contribute to the success of Aeris Operations Team’s work with CDFIs, including playing an essential role in the Aeris rating process working with Aeris staff, analysts and rated institutions as well as helping support the Aeris Cloud, Aeris’ industry-first database of standardized CDFI performance data. Work is managed and performed in a standard production environment and process, with key success measures being quality, quantity, accuracy, timeliness, and team work. 

The Associate is required to be self-motivated in the management and performance of scheduled workloads, but should also be flexible to work in a team environment in response to changing business needs and priorities. He/she will be able to learn new skills, new content, and new ideas quickly and effectively. Prior experience reading and understanding the financial statements of financial institutions with lending activities is required.

Responsibilities:

  1. Play an essential role in the Aeris Rating process
    • Reviewing and verifying accuracy of collected data, calculated ratios and related tables and graphs
    • Prepare detailed financial and narrative report templates for Aeris Analysts.
    • Request and track document submission for all Aeris Rating Reports. Following up as necessary with CDFIs to ensure that all materials are submitted in timely fashion. 
  2. Prepare CDFI financial statements for the Aeris Cloud
    • Work with Aeris Operations team to understand CDFI financial presentation.
    • Prepare CDFI financial statements and performance metrics for Aeris analyses or quarterly reporting.
    • Working with CDFIs, proof and finalize quarterly financial statements and reported performance data.
    • Communicate with CDFIs and Analysts regarding clarification of materials submitted and requests for additional data.
  3. Aeris Cloud maintenance
    • Orient CDFIs to uploading data and supporting documentation to the Aeris Cloud.
    • Lead Webinar demonstrations of the Aeris Cloud for CDFIs, as requested.
    • :oad data and documents into appropriate “libraries” on the Aeris Cloud.
    • Work with CDFIs to set up their Aeris “library” and financial template on the Aeris Cloud.
    • Follow up with CDFIs as necessary to ensure timely upload of quarterly financial statements and performance data.
  4. Aeris Rating Committee
    • Schedule meetings and conference calls by coordinating and confirming attendance, arranging for the meeting dates/equipment/advance materials, etc.
    • Schedule ratings committee, coordinating analyst selection with the Director of Ratings.
    • Support ratings committees.
  5. Aeris document preparation
    • Proof and note corrections on draft Aeris reports during the layout process.
    • Prepare ratings certificates, ensuring that ratings are correctly represented before they are released to CDFIs.

Requirements:

  • Bachelor’s Degree and 2-4 years of professional experience is desired, preferably in financial services, or late career professionals from the financial services field
  • Strong financial and analytical experience required
  • Familiarity with nonprofit financial statements is preferred
  • Strong writing and communication experience required
  • Strong financial, market, and qualitative analysis skills
  • Strong ability to focus on detailed work for accuracy 
  • Superior professional interpersonal skills  
  • Ability to work constructively with diverse constituents 
  • Advanced Excel and Word skills
  • Ability to work in a timely manner, be self-motivated and take initiative for new projects 
  • Ability to work both independently and in a team environment is required
  • Ability to manage multiple tasks in an effective and efficient manner
  • Capacity and willingness to learn
  • Knowledge of and commitment to community development/investing
  • Job involves normal physical requirements for an office position EOE/ADA Compliant

 

Compensation:

Aeris offers a competitive salary and benefit package.

How to Apply:

To apply please email cover letter and resume to:

Search: Associate
Aeris Insight Inc.
Email: info@aerisinsight.com

VP of Lending Finance Fund
Columbus , OH
Job Function: Financial Services
Posted: January 17, 2017

Background:

Finance Fund is a statewide nonprofit financial intermediary whose clients include community-based nonprofit organizations and for-profit businesses serving low-income communities throughout Ohio. Finance Fund provides debt and equity to its clients through management of 28 entities totaling over $280 million. It engages in creative approaches that build bridges between capital markets and economically distressed communities.

Since 1987, Finance Fund has invested more than $336.2 million in small businesses, community facilities, health care centers, housing and commercial development projects throughout Ohio, leveraging more than $1.37 billion. This investment was accomplished through 3,019 awards to community-based organizations throughout the state. Partnerships have enabled low-income people access to 16,168 units of affordable housing, 25,928 direct jobs and 3,079 classrooms for 71,947 children.

FCAP made its first loan in 2006 and has leveraged $74.5 million on an investment of $27.5 million to 56 borrowers. FCAP has financed 148 housing units, created 658,251 sq. ft. of commercial space and helped provide services to 9,653 patients. In addition, partnerships have helped create and/or retain 2,536 direct jobs.

Position Summary:

Finance Fund is a statewide CDFI that is recruiting a VP of Lending. This is a senior level management position that will supervise the program staff and report directly to the CEO. This position will be responsible for identifying, acquiring, and expanding community development lending opportunities in target markets with a focus on providing loan financing and technical assistance to small businesses and nonprofit organizations. This individual will work closely with borrowers and key stakeholders to find solutions, and effectively manage the loan process from origination through closing. Underwriting and CDFI experience is required. Must be a strategic thinker with good analytical and management skills. 

Education and Related Work Experience: 

  • BS/BA required 
  • Minimum 8 years of lending experience required; formal credit training is a plus. 
  • Prior work-related experience and knowledge of community development lending, Small Business Administration (SBA) loans, New Market Tax Credits, as well as traditional and alternative loan programs is beneficial. 
  • Prior related work experience in the non-profit and/or public sectors preferred. 

If you know someone who might be interested in the position, please feel free to forward this e-mail to them.

Responsibilities:

This individual will work closely with borrowers and key stakeholders to find solutions, and effectively manage the loan process from origination through closing. Underwriting and CDFI experience is required. Must be a strategic thinker with good analytical and management skills.

Requirements:

Underwriting and CDFI experience is required. 

Must be a strategic thinker with good analytical and management skills. 

Education and Related Work Experience: 

  • BS/BA required 
  • Minimum 8 years of lending experience required; formal credit training is a plus. 
  • Prior work-related experience and knowledge of community development lending, Small Business Administration (SBA) loans, New Market Tax Credits, as well as traditional and alternative loan programs is beneficial. 
  • Prior related work experience in the non-profit and/or public sectors preferred. 

If you know someone who might be interested in the position, please feel free to forward this e-mail to them.

Compensation:

Negotiable

How to Apply:

If you wish to apply, please send your resume to sberry@financefund.org.

Please place VP of Lending in the subject line of your email.

Director of Loan Originations Corporation for Supportive Housing
New York, NY
Job Function: Lending/Loan Operations
Posted: January 16, 2017

Background:

CSH transforms how communities use housing solutions to improve the lives of the most vulnerable people. We offer capital, expertise, information and innovation that allow our partners to use supportive housing to achieve stability, strength and success for the people in most need. CSH blends over 20 years of experience and dedication with a practical and entrepreneurial spirit, making us the source for housing solutions. CSH is an industry leader with national influence and deep connections in a growing number of local communities. We are headquartered in New York City with staff based in more than 20 locations around the country.  For more information about CSH, visit our website at http://www.csh.org.

 

Position Summary:

The Corporation for Supportive Housing is seeking an energetic, results-oriented individual for the position of Director of Loan Originations on the national Community Investment team. Reporting to the Chief Lending Officer, the DLO will be responsible for overseeing CSH’s loan originations staff and process. CSH’s national lending team is comprised of staff that cover specific geographic markets, most of whom are based in a local CSH office. In this role, the DLO will work with CSH’s management staff, lenders, local program staff, nonprofit and for-profit sponsors of supportive housing projects, government funders and other partners.

In addition, the Director of Loan Originations will work with CSH lenders and program staff to provide assistance to government in shaping policies and funding programs to create supportive housing production programs to better serve the needs of the extremely low income individuals and families who are homeless and those who face significant barriers to accessing and retaining housing. The DLO will also provide technical assistance to nonprofit, for-profit and public organizations around the financing, creation and operation of supportive housing. A moderate amount of travel is required. Travel includes attendance at conferences, supervising staff and occasionally joining meetings and site visits. A candidate based in CSH’s office in New York City, Washington DC or Chicago is preferred, though other locations will be considered.

The position will be of particular interest to mid-career affordable housing lenders who aspire to further develop their managerial and leadership skills in a significant role in a national CDFI, with both internal supervisory responsibilities working with a strong loan originations staff and extensive external relationships to manage.  All of this as part of an excellent, strongly mission-oriented team.

Responsibilities:

The Director of Loan Originations will:

  • Provide supervision, coaching and development of lending staff located throughout the country, most of whom are based in a local CSH office. Ensures expectations and goals are clearly communicated and understood by staff.
  • Manage CSH’s loan approval process including the staff- and board-level credit committees.
  • Help establish and monitor CSH’s annual lending goals.
  • Work with lenders as they structure loans to ensure compliance with CSH’s credit policies and underwriting practices.
  • Lead new product initiatives as needed.
  • Assist loan officers in originating loans from on-balance sheet and off-balance sheet funds to mitigate risk to the extent possible while meeting borrower needs.
  • Work closely with CSH finance and asset management staff to help manage lending portfolio and maintain risk rating tools.
  • Assist with capital fundraising initiatives as needed, including NMTC and other CDFI Fund applications.
  • Negotiate CSH’s role in off-balance sheet lending facilities as strategic opportunities arise.
  • Maintain/update credit manual, pricing policies, and policy exceptions report.
  • Work with legal counsel, director of loan closings, and loan officers to resolve issues on loans pre- and post-closing.
  • Ensure coordination between lending and program staff through regular pipeline meetings and other venues; directly assist program/managing directors as needed on supportive housing finance and development/systems change issues.
  • Ensure adequacy of and refine underwriting templates and marketing materials.
  • Assist with the hiring of new lending staff as needed; Oversee orientation and training of new lenders.
  • Help manage CI administrative responsibilities.
  • Develop and maintain effective partnerships/relationships with supportive housing providers, government agencies, banks and other external partners. Promote increased visibility in market, including through attendance at conferences and other regional events. Build referral networks. Provide high quality external relationship management.

 

Requirements:

  • Bachelor’s degree; Master’s degree preferred. Additional experience may substitute for education.
  • Experience in the CDFI sector is strongly preferred; Solid track record in supportive and/or affordable housing lending strong desired.
  • Relevant experience in supportive/affordable housing development and/or housing operations, housing-based supportive services, underwriting and financial analysis, funding of low-income and affordable housing programs, or community development activities; experience in the supportive housing field is preferred. Experience as a developer is a plus.
  • Extensive knowledge of the Low Income Housing Tax Credit program and other federally funded affordable housing financing programs. Experience with state/local funding programs in one or more states highly desired.
  • Demonstrated experienced managing staff in person and remotely desired; building high quality teams; building trusted relationships; setting and managing performance expectations; and a proven ability to present/train in the areas of real estate development and housing finance issues.
  • Demonstrated experience at managing multiple assignments effectively.
  • Candidates must be able to take initiative and pursue program goals with minimal supervision.
  • Familiarity with and/or interest in issues related to supportive housing including homelessness, low-income housing, finance, state and local policies, social service delivery, community development, mental illness, AIDS, harm reduction, etc.
  • Excellent verbal and written communication skills; Strong analytical, interpersonal, communication and presentation skills.
  • Demonstrated skills using Microsoft Office Suite (Word, Excel, Access, Outlook and other development feasibility tools).

 

Compensation:

CSH offers a competitive salary and benefit package.

How to Apply:

Candidates should apply online at CSH website.  All candidates should attach their resume, cover letter and writing sample, preferably a credit memo or similar document, as one Microsoft Word or PDF document.  

Please direct questions to our search consultant, David Erickson-Pearson at 303-703-6165 or epdavid@earthlink.net.

REGIONAL VICE PRESIDENT, NORTHEAST REGION NEIGHBORWORKS AMERICA
New York, NY
Job Function: Relationship Management
Posted: January 12, 2017

Background:

NeighborWorks America seeks a highly collaborative, facilitative leader, with a drive for decisive results to serve as its Northeast Regional Vice President (RVP). NeighborWorks America's primary mission is to create opportunities for people to live in affordable homes, improve their lives, and strengthen urban, suburban, and rural communities across America. This mission is achieved through its network of local NeighborWorks organizations (NWOs). The RVP sets the standard for a regional staff whose charge is to strategically provide technical assistance and financial resources to member NeighborWorks Organizations in order to advance the NWOs' capacity for positive impact within the communities being served.

Now more than ever, NeighborWorks America and its network of more than 240 NeighborWorks organizations across the country are needed and operate to provide on-the-ground support to families and communities in every state, the District of Columbia, and Puerto Rico. This critical work is realized through the resourcefulness that is the hallmark of NeighborWorks America and its network of the finest community development nonprofits in the industry – the ability to deliver both proven and innovative solutions efficiently and effectively; to be nimble and responsive to local needs; and to leverage public and private sector resources.

Position Summary:

Collaborating with and accountable to the Senior Vice President of Field Operations, the RVP provides senior level management and leadership for the region and is primarily responsible for developing and maintaining strong working relationships between NeighborWorks and the network organizations in the Northeast region. Based in either the Boston or New York City offices, the RVP will lead a dynamic and geographically dispersed team of 14 to ensure positive outcomes among the approximately 70 NWOs in the region. The role of RVP offers an exceptional opportunity for an accomplished professional with a passionate commitment to social and economic justice and demonstrated success in management to advance an organization that occupies a uniquely important position in the field of community development.

Responsibilities:

The ideal candidate will bring experience in affordable housing, community development or related areas, cultural competency, and have a strong appreciation for the values and mission of NeighborWorks America. The most successful candidates will possess organizational and political savvy, and the energy, enthusiasm, drive, and gravitas necessary to achieve ambitious goals. NeighborWorks America has retained Isaacson, Miller, a national executive search firm, to assist in this search.

Requirements:

-

Compensation:

-

How to Apply:

Apply Here.

All applicants, nominations, and inquires can be directed to Donna Cramer or Andarla Hodge at Isaacson, Miller online at www.imsearch.com/6025 or by phone at 617-262-6500.

NeighborWorks America is an equal opportunity employer

Portfolio and Research Coordinator Invest Atlanta
Atlanta, GA
Job Function: Research and Analytics
Posted: January 11, 2017

Background:

Invest Atlanta is the official economic development authority for the City of Atlanta. Its purpose is to strengthen Atlanta’s economy and global competitiveness in order to create increased opportunity and prosperity for the people of Atlanta.

Position Summary:

Under the joint direction of the Senior Vice President, Economic Development and Vice President, Investment Services – the Portfolio and Research Coordinator will support Invest Atlanta’s Investment Services and Economic Development teams with portfolio management, compliance and research tasks.

Primary duties will be to coordinate the portfolio management, compliance, and loan servicing tasks of financing programs funded by private investors.  In addition, this position will support Economic Development team members who work to attract, expand and retain businesses and jobs in the City of Atlanta, prepare regular reports on key performance metrics, as well as provide project management support.

Must be able to perform most duties with a high level of independence with minimal supervision.

Responsibilities:

  • Review, track and monitor all transactions funded by private investors
  • Monitor status of business loans and real estate development transactions
  • Analyze community revitalization and economic growth impacts of investments
  • Handle compliance documentation, including regular reports to investors
  • Assist to coordinate with investors and partners in the New Markets Tax Credit (NMTC) program, Property Assessed Clean Energy (PACE) program, and EB5 Foreign Investment program.
  • Draft and review documents, such as correspondence, memoranda, and reports
  • Review loan packages submitted to Invest Atlanta for completeness
  • Monitor bank accounts, audits, tax returns and other financial records
  • Review term sheets and partnership agreements for potential investments
  • Communication with attorneys, consultants and investors on regular basis
  • Monitor development project financial performance with respect to credit underwriting
  • Review and analyze all project applications, specifically with respect to loan underwriting criteria and credit evaluation
  • Effectively represent organization at various public and private events
  • Deliver research and information requests to team members who work to attract, expand and retain businesses
  • Respond to Requests for Information (RFI’s) by prospective relocating/expanding companies and site consultants
  • Maintain job and investment data for Invest Atlanta supported projects

Requirements:

  • Bachelor’s degree in Business Administration, Economics, Finance, Public Policy, Law, City Planning, Economic Development, Political Science, or a related field
  • Prior work experience in commercial real estate/economic development research, compliance, portfolio management position or economic development preferred

Compensation:

Negotiable, commensurate with experience.

How to Apply:

More information here.

Apply by submitting a resume and cover letter to jobs@investatlanta.com.

Senior Loan Officer – Detroit IFF
Detroit, MI
Job Function: Financial Services
Posted: January 9, 2017

Background:

IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive by creating opportunities for low-income communities and people with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Social return can coincide with financial return.

Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, housing developers, and grocery stores. Our staff of nearly 90 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, Indiana; Detroit, Michigan; Minneapolis, Minnesota; St. Louis, Missouri; Columbus, Ohio; and Milwaukee, Wisconsin. We are a U.S. Department of the Treasury-certified community development financial institution (CDFI), a member of the Federal Home Loan Bank of Chicago and the Opportunity Finance Network, and a past recipient of the $5.5 million Wells Fargo NEXT award for Opportunity Finance.

IFF is the largest nonprofit CDFI in the Midwest and one of only a few nationally to earn the CARS AAA+1 rating. Since 1988, we have made over $620 million in loans, leveraged $1.7 billion in community investments, and grown our total managed assets to $498 million.

Position Summary:

The Organization

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores.

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Basic Job Function

Responsible for loan production in Michigan and Northern Ohio including business development, networking, relationship management, loan approval and closing.  Identify new business and relationship opportunities.  Work with colleagues to implement sales and networking activities. Analyze and evaluate loan applications and make appropriate recommendations regarding loan approval. Participate in overall portfolio monitoring.

Responsibilities:

Job Duties and Responsibilities

  1. Primary borrower relationship manager for assigned region’s lending activities.  Responsible for sourcing, underwriting, seeking approval, and facilitating the closing and monitoring of loans, including those requiring complex structuring.  (60%)
    • Responsible for guiding prospective borrowers through the loan application, approval and closing process.
    • Screen projects for alignment with IFF and department goals. Evaluate loan requests, including the agency's financial condition and projections, site analysis and building plans, operating plans, potential risks and other relevant data to support a recommendation of whether or not to make a loan. Follow up as necessary with agency and others to obtain additional information. 
    • Coordinate as necessary with the Managing Director of Lending and Portfolio Management, underwrite, structure, package and present loan recommendations for approval to loan committees. Document terms and conditions and issues commitment letter.
    • Provide technical assistance on financing and financial systems to improve capacity of applicants and borrowers.  
    • Support IFF’s Customer Relationship Management database with data input to ensure accurate and comprehensive information on all aspects of loan program are readily available, from initial contact through project closing and long-term monitoring. Contribute quantitative and narrative materials for fund raising applications and required reporting.  
    • Establish closing requirements and work with IFF Closing and Portfolio Management team, borrower, attorneys, and others to facilitate closing process in timely and efficient manner.
    • Work with the Closing and Portfolio Management team to support post-close monitoring including customer check-ins or site visits as required. Coordinate customer relationship management with Closing and Portfolio Management and support effective relationship communications. Identify potential issues and support Closing and Portfolio Management work with borrowing agency to minimize late payments and foreclosures. As needed, works with Closing and Portfolio Management to negotiate and follow up on restructures or workouts.   
  2. Lead loan business development efforts in Michigan and Northern Ohio to build and maintain a strong loan pipeline. Work with Corporate Communications and Public Affairs department (CCPA) to implement appropriate marketing, business development and sales activities. (25%)
    • Develop and pursue business leads from existing network of customers, contact with agencies and market influencers, community leaders and funders and follows up with generated leads.
    • Respond in a timely manner to inquiries from prospective borrowers, providing information regarding IFF lending programs, assessing loan readiness, and assisting as necessary to prepare loan submissions and related paperwork.  
    • Follow up in a timely manner with leads provided by CCPA through telephone calls or meetings.
    • Conduct presentations or workshops for customers and prospective borrowers as arranged and scheduled with MBD or in coordination with other partners. 
    • Cross sell other IFF products and services as appropriate
  3. Participate with other Capital Solutions staff to research, develop, and improve lending programs, policies and procedures, marketing materials, application forms, tracking procedures, program goals, and general communications. (5%)
  4. Provide guidance and mentorship to junior Capital Solutions staff. (5%)
  5. Maintain required job knowledge, skills and core professional competencies. Attend and participate in required educational programs and staff meetings. (2.5%)
  6. Perform other duties as assigned. (2.5%)

Performance Measures

  1. Achievement of lending and program goals.  Long term quality of closed loans. 
  2. High level of customer satisfaction with IFF products and services. 
  3. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications. 
  4. Achievement of portfolio outreach and monitoring goals and increasing the profile and visibility of IFF across the region. 
  5. Solutions to identified issues and challenges relating to loan program implementation.

Requirements:

 

Education: BA required, preferably in business, accounting or finance. 

Previous Experience: Minimum of seven years experience in banking, finance, or real estate finance required.  Demonstrated competence in commercial lending terminology and credit and financial statement analysis.  Experience with marketing loan products. 

Special Knowledge & Skills: Familiarity with the nonprofit sector strongly preferred; familiarity with construction and lending practices and terminology; strong interpersonal skills; comfortable in presentation and workshop situations; proficient computer software user, including spreadsheets (Excel) and databases.

Unusual Requirements: Some travel within the Midwest including occasional overnight travel; occasional evening and weekend work; able to inspect active construction project sites. 

 

Compensation:

See How to Apply Section

How to Apply:

Application Process:  Please send a cover letter, resume and salary requirements to jkraemer@iff.org with “Senior Loan Officer – Detroit” in the subject line.

IFF is an equal opportunity employer.

Director of Lending – Indiana IFF
Indianapolis , IN
Job Function: Financial Services
Posted: January 9, 2017

Background:

IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive by creating opportunities for low-income communities and people with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Social return can coincide with financial return.

Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, housing developers, and grocery stores. Our staff of nearly 90 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, Indiana; Detroit, Michigan; Minneapolis, Minnesota; St. Louis, Missouri; Columbus, Ohio; and Milwaukee, Wisconsin. We are a U.S. Department of the Treasury-certified community development financial institution (CDFI), a member of the Federal Home Loan Bank of Chicago and the Opportunity Finance Network, and a past recipient of the $5.5 million Wells Fargo NEXT award for Opportunity Finance.

IFF is the largest nonprofit CDFI in the Midwest and one of only a few nationally to earn the CARS AAA+1 rating. Since 1988, we have made over $620 million in loans, leveraged $1.7 billion in community investments, and grown our total managed assets to $498 million.

Position Summary:

The Organization

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. 

Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.  IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Basic Job Function

The Director of Lending provides leadership and management of all regional lending activities. The significant focus of the Director will be Indianapolis, but the region includes the state of Indiana, Louisville, KY and Cincinnati, OH. The Director will provide input for and execute regional business development and sales activities derived from IFF’s regional marketing strategy. He/she is responsible for setting regional lending goals, sourcing, underwriting and closing loans to target market borrowers and monitoring and maintaining relationships with key borrowers. The Director assists the Managing Director of Lending to develop and maintain visibility and relationships with nonprofits and relevant government, association networks, and others to promote IFF. He/she reports on office impact.

Responsibilities:

  1. Primary borrower relationship manager for regional lending activities. Provides leadership and management of the loan process to set and meet lending goals, including loan origination and sales, underwriting, analysis, preparation of recommendations to Internal Credit Committee and Loan Task Force, facilitating with the Closing and Portfolio Management team loan closings and loan monitoring. (65%)
    • Screens projects for alignment with IFF and department goals. Evaluates loan requests including assessment of agency's management, financial condition and financial projections, project and operating plans, potential risks and other relevant data to support a recommendation of whether to make the loan.  Follows up as necessary with the agency and others to obtain additional information. 
    • Coordinating as necessary with the Loan Program Manager, underwrites, structures, packages and presents loan recommendations for approval to loan committees. Documents terms and conditions and issues commitment letter.
    • Establishes closing requirements and works with IFF Closing and Portfolio Management team, borrowing agency, and others as necessary to complete required documentation and close loans.
    • Identifies opportunities and fields inquiries for charter school, housing and other specialized loan programs or products and facilitates the handoff to the appropriate IFF loan staff.
    • Provides oversight for other loan staff including support on complex transactions.
    • Works with the Closing and Portfolio Management team to support post-close monitoring including customer check-ins or site visits as required. Coordinates customer relationship management with Closing and Portfolio Management and supports effective relationship communications. Identifies potential problems and supports Closing and Portfolio Management work with borrowing agency to minimize late payments.   As needed, works with Closing and Portfolio Management to negotiate and follow up on restructures or workouts.   
    • In coordination with the Managing Director of Lending, develops and administers the regional lending budget, and reports regional, business development and lending activities to the Chicago office. Works with the Vice President of Capital Solutions and the Managing Director of Lending to develop regional lending goals. 
    • Maintains accurate and complete records on regional borrowers and prospects in CRM to ensure that information on all aspects of the loan program is readily available.   As required, provides information on lending activity, impact, and performance.
    • Provides recommendations on new and improved lending programs, policies and procedures; marketing materials; application forms; tracking procedures; and general communications; in particular guidance leading to the success of the loan program.
  2. Leads loan business development efforts in region to build and maintain a strong loan pipeline. Works with Corporate Communications and Public Affairs department (CCPA) to develop a marketing plan and implement appropriate marketing, business development and sales activities consistent with the plan. (20%)
    • Follows up in a timely manner with inquiries provided through telephone calls or meetings.
    • Develops and pursues business leads from existing network of customers, contact with agencies and market influencers, community leaders and funders and follows up with generated leads.
    • Conducts presentations or Business Targeted Workshops for regional clients as arranged and scheduled with CCPA.
  3. Coordinates with other IFF departments to support overall IFF goals, programs and visibility. Works with IFF Chicago staff to support and coordinate implementation of special IFF initiatives or research in the region. (5%)
  4.  Maintains required job knowledge and skills and core professional competencies. Attend and participate in required educational programs and staff meetings. (5%)
  5. Performs other duties as assigned. (5%)

Performance Measures: 

  1. Achievement of department lending and program goals in region.  
  2. High level of customer satisfaction with IFF products and services.
  3. Leadership in maintaining IFF’s role as a full partner to the nonprofit sector.
  4. Complete, accurate, timely, and thoughtful analysis for full understanding of    underwriting and lending issues on all loan applications, and portfolio and risk assessment reports.
  5. Identifies and recommends solutions to issues and problems relating to loan program implementation and role of IFF throughout the region.
  6. Full participation and cooperation with CCPA staff and implementation of CCPA/Loan shared procedures. Increase in regional business development network.
  7. Full participation and cooperation with Community Strategies, Real Estate Services and other IFF divisions to support implementation of RES work, special initiatives or other IFF business objectives.

Requirements:

Education: MBA or MA strongly preferred, preferably in business, accounting, finance, or community development.  A Bachelor’s degree plus five years additional relevant experience may substitute for an advanced degree. 

Previous Experience: minimum of ten years of experience in banking, commercial mortgage lending, real estate and community development, or nonprofit management required with a track record of growth and increasing responsibility. Experience in marketing financial programs required.  Demonstrated competence in commercial real estate lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures.   Strong knowledge of Midwest region.

Special Knowledge & Skills: Knowledge of community development principles and real estate finance and development. Familiarity with construction and lending practices and terminology; good interpersonal skills; high level written and oral communication and presentation skills, experience in formal presentations; proficient computer software user, including spreadsheets and databases.  Thorough understanding of nonprofit financial statements. Ability to think creatively about problems. Ability to work in and with all communities in the region. Ability to represent the interests of IFF and the department at all levels of government and with community and civic leadership. Network of contacts with nonprofit agencies or leaders a plus.

Unusual Requirements: In addition to  travel throughout the region, the Director will spend time in Chicago as required. Occasional evening and weekend work; able to inspect active construction project sites.

Compensation:

See How to Apply

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to jkraemer@iff.org with “Director of Lending – Indiana” in the subject line.

IFF is an equal opportunity employer.

Credit Analyst Amalgamated Bank
New York, NY
Job Function: Underwriting
Posted: January 9, 2017

Background:

Amalgamated Bank was founded on April 14, 1923 by the Amalgamated Clothing Workers of America and has approximately $4 billion in assets and oversees approximately $40MM in investment advisory and custodial services.  Headquartered in New York City, Amalgamated Bank has branches in NYC boroughs, Washington DC, New Jersey and California. Amalgamated Bank provides affordable and accessible banking to its customers, advocates for workers’ rights, and promotes high standards of environmental, social and corporate governance practices. Amalgamated Bank clients include progressive individuals and organizations like political campaigns, labor unions and nonprofits.

Position Summary:

We are seeking a highly motivated professional to support the underwriting and portfolio management of our mission driven loans to non-profit institutions, foundations, unions, political campaigns and progressive companies. This position will work out of our Washington DC office. The junior underwriter will work closely with the origination team and credit risk management in reviewing and analyzing financial statement reports, conducting due diligence, helping structure the transaction, assessing credit risk ratings, preparing deal screen presentations, writing credit approval memorandums, presenting recommendations to credit committee and monitoring and managing the credit portfolio.

Responsibilities:

  • Analyze borrower’s financial position by interpreting, evaluating, and spreading financial statements, tax returns, aging of receivables and payables, and projections.
  • Determine the proper risk rating for all facilities in accordance with credit policy guidelines. 
  • Attend meetings and/or conference calls on new transactions and work with relationship managers and members of credit risk management in developing deal indicative term sheets and deal screen presentations.
  • Prepare comprehensive credit memorandums that provide opinions and recommendations regarding proposed loans and potential risk and mitigants and ways out discussions.
  • Conduct periodic credit annual review, including spreading of annual and interim financial statements, and credit analysis. 
  • Perform covenant(s) compliance and manage the portfolio
  • Assist in early identification, classification and management of impaired credits.
  • Assist in presentation of transactions to credit committee in support of approval.
  • Perform other transaction related and administrative duties as required.

Requirements:

  • Bachelor’s degree in accounting, finance, or related field with proven academic excellence
  • Excellent organizational skills and attention to detail
  • Ability to work on multiple transactions simultaneously and prioritize assignments to meet deadlines
  • Strong analytical and problem solving ability
  • Strong communication and interpersonal skills
  • Excellent team player
  • Proficient in Microsoft Office, including Excel and Word
  • Previous credit underwriting and/or banking experience a plus
  • An MBA a plus

Compensation:

Competitive

How to Apply:

Please contact www.amalgamatedbank.com/careers to complete an application.

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