Company: Self-Help Credit Union
Location: Durham, NC
Job Function: Fundraising
Self-Help Credit Union was chartered in 1983 to build a network of branches that partner with working families and communities often underserved by the financial marketplace. With over $1.64 billion in assets and serving more than 91,000 members in 37 branches – eight in Florida, 22 in North Carolina, six in South Carolina, and one in Virginia – Self-Help Credit Union is one of the fastest-growing community development financial institutions in the country. It is part of the Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For over 40 years, the National Center for Community Self-Help and its affiliates have provided more than $10.5 billion in financing to help more than 150,000 borrowers buy homes, start and grow businesses, and strengthen community resources. For more information, please visit www.self-help.org.
Self-Help is seeking a Senior Associate of Capital Development to join our team in Durham, NC. The Senior Associate, Capital Development is responsible for managing debt and equity fundraising initiatives to support Self-Help’s programs and impact, including identifying and securing new capital and fostering relationships with key funding partners and peers. This position will manage compliance and impact for active funding streams, ensuring Self-Help meets external deliverables and internal funding goals. Finally, this position will serve as a project manager and facilitator to align Capital Development activities with the needs and priorities of leadership and lending teams across the organization.
WHAT You’ll do:
- Lead and support development activities to raise needed capital for Self-Help’s mission-driven initiatives, which may include:
- Developing new funding opportunities with active and potential funders.
- Preparing proposals and negotiating terms and conditions for debt and equity funding.
- Managing complex finance closing processes.
- Foster funding and partnership opportunities, which may include:
- Attending industry conferences and meetings as a Self-Help ambassador.
- Maintaining routine connections and strong relationships with key funding partners and peer organizations.
- Managing or supporting engagement with external advisory or governing boards.
- Lead and support funding compliance of various debt and equity awards, which may include:
- Documenting, tracking, and initiating scheduled payments on funding held by Self-Help.
- Documenting and tracking commitments to funders.
- Completing and submitting routine financial and impact reporting to funders.
- Supporting or managing processes related to in-depth annual reviews and audits.
- Asset management of highly regulated programs, e.g., CDFI Bond Guarantee Program, and New Markets Tax Credits, to ensure Self-Help achieves deliverables outlined in funding agreements.
- Coordinate with internal teams to ensure alignment in debt and equity prospecting, servicing, compliance, and impact, which may include:
- Maintaining awareness of liquidity and subsidy needs and opportunities.
- Serving as an internal resource, advisor or lead on new projects, products, processes, or partnerships utilizing tax credits and other capitalization programs.
- Managing internal working groups to coordinate effective and mission-aligned usage of debt and equity funding streams.
- Act as a change agent to drive Self-Help’s economic inclusion initiatives by integrating supplier diversity and the use of businesses owned by women and people of color in third-party contracting and vendor management for relevant products and services.
- Perform other duties as may be deemed necessary.
WHAT You’ll need:
- Master’s degree in public policy, planning, business, or finance or equivalent related field experience.
- 5 years of experience in capital development, legal, lending, real estate development or financial management or equivalent related field experience
- Experience working with tax credit programs a plus.
- Strong commitment to our mission – creating and protecting economic opportunity with and in traditionally underserved communities.
- Preference for working in organizations that place priority on teamwork and collaboration.
- Ability to effectively plan, organize, and prioritize multiple tasks and/or projects to meet deadlines.
- Ability to self-motivate, identify challenges and opportunities, and coordinate team responses.
- Strong communication skills including the ability to promote Self-Help through writing, presentations, and networking.
- Keen attention to detail and accuracy.
- Ability and willingness to work beyond normal work hours as needed and travel up to 20%.
- Ability to demonstrate Self-Help’s Core Values:
- Mission Before Self
- Service With Excellence
- Embracing & Promoting Change
- Results Not Credit
- Diversity as a Strength
- Financial Sustainability for Mission Impact
Compensation and Benefits
Competitive nonprofit compensation, based on experience, plus a generous benefits package.