Grant Compliance Specialist

Company: Opportunity Finance Network

Location: Washington, DC

Job Function: Financial Services


Background

Opportunity Finance Network (OFN) is the nation’s leading investment intermediary and network of community development financial institutions (CDFIs) serving rural, urban, and Native communities across the United States. With over $1 billion in total assets under management, OFN manages a national membership network of over 410 mission-driven lenders and CDFIs, including community development loan funds, credit unions, green banks, community development banks, minority depository institutions, and venture capital funds. OFN is a trusted investment partner to the public, private, and philanthropic sectors – foundations, corporations, banks, government agencies, and others. For more than 30 years, our team has helped partners invest in communities to catalyze change and create economic opportunities for people and places traditional finance doesn’t reach.

To learn more, visit www.ofn.org

People who work at OFN come from a variety of professional and academic backgrounds. If you have:

  • Passion for the mission and true believer in our core purpose.
  • Courage to be a fearless advocate who is confident and resilient in our fight to drive capital into low-income communities.
  • Smart, quick seekers of knowledge who thrive on creating and developing new strategies, products, and programs for increasing capital to communities we serve.
  • Desire to be a collaborative team player who possesses humility and a willingness to lean in all areas of our work.

Come be a part of our growing, diverse, highly committed, skilled, and collaborative staff. At OFN, we are dedicated to building a diverse, inclusive workplace, so if you are excited about this role but your experience does not align perfectly with every qualification, we encourage you to apply nonetheless. You may be the right candidate for this or other roles.

Summary

OFN seeks a motivated individual interested in growing in their career to join our expanding team as the Senior Grants Management Associate. This role is responsible for monitoring the use and processing requisitions of grant funds from sub-recipients, as well as ensuring sub-recipient compliance with the necessary rules, regulations, and reporting requirements for grant programs including the EPA’s Greenhouse Gas Reduction Fund. This role serves as a liaison between grantees and internal programmatic and finance staff. The ideal candidate will have the ability to grow the role.

This position is based in Washington, D.C. All staff currently work a hybrid schedule.

Responsibilities

  • Monitor and process requisitions of grant funds from sub-recipients, ensuring accuracy and compliance with grant agreements and guidelines.
  • Review expenditures, transactions, and projects to ensure program eligibility and alignment with grant objectives.
  • Identify and escalate discrepancies, potential issues or non-compliance events.
  • Collaborate with sub-recipients and department manager to resolve any funding-related queries or concerns.
  • Provide support in the development and delivery of guidance, support, and training to educate sub-recipients on grant regulations, reporting procedures, and best practices.
  • Maintaining accurate and comprehensive documentation related to grant compliance. This includes keeping records of all program activities, financial transactions, projects funded, and any other relevant documentation required for reporting purposes.
  • Stay up to date on relevant laws, grant regulations, policies and procedures to ensure compliance and adherence to programmatic guidelines.
  • Provide support with conducting site visits of sub-recipients and projects funded by grant funds to ensure compliance with program and regulatory requirements.

Requirements

  • Bachelor’s Degree or 5-7 years direct work experience in lieu of degree required.
  • 2+ years proven experience in grant compliance management, financial monitoring or a similar role preferably in a non-profit or government organization.
  • Experience with clean energy programs and projects is a plus.
  • Experience or knowledge of the CDFI Industry and nonprofit environment is a plus.
  • Superior interpersonal skills and ability to work well with diverse constituents.
  • Familiarity with grant funding regulations, compliance requirements, and reporting procedures.
  • Strong analytical skills and the ability to review financial and projects level data with precision and attention to detail.
  • Excellent organizational skills and ability to manage multiple tasks effectively and efficiently under minimal supervision as well as ability to set priorities and meet deadlines under pressure without sacrificing quality.
  • Proficient in MS Office Suite (Excel, Word, Power Point) and grant management or financial software.
  • Some travel required (15% of time).
  • Job involves normal physical requirements for an office position.

How to Apply

Apply by submitting your resume and cover letter here.

EOE STATEMENT – OFN is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability status, protected veteran status or any other characteristic protected by law.