Intern, Impact Investing

Company: Opportunity Finance Network

Location: Washington, DC

Job Function: Intern/Work Study


Background

Opportunity Finance Network (OFN) is a leading national network of CDFIs headquartered in Washington, D.C. In pursuit of our mission to align capital with social, economic, and political justice, OFN supports its 400+ member CDFIs to drive transformational change in financially underserved rural, urban, and Native communities nationwide. We help money flow to people and places where traditional finance doesn’t reach. As a financial intermediary, OFN secures private capital for CDFIs through strategic partnerships with leading corporations such as Google and Twitter (now X), mainstream financial institutions such as Bank of America and Wells Fargo, and philanthropic organizations such as the John D. and Catherine T. MacArthur Foundation and the Robert Wood Johnson Foundation.

OFN builds the strength of its membership and other CDFIs through financial products and services, events, training, research, policy advocacy, and visibility. Currently, OFN has an on-balance sheet loan portfolio of $220 million and manages capital on-and off-balance sheets of nearly $1 billion and has plans to bring an additional $1 billion in new private capital to the industry.

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.

Summary

OFN seeks a graduate student intern that is interested in growing their skills to create impact in the community development financial institutions (CDFIs) industry. In this role, the successful candidate will learn about nonprofit finance and its role in the broader impact investing sector, investment analysis and portfolio management, and government programs that support underserved communities. In addition, the intern will gain hands on experience analyzing nonprofit financial statements, underwriting, monitoring debt investments, and working with legal investment documents.

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. You may be the right candidate for this or other roles.

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

Responsibilities

  • Analyze quarterly and audit annual financial statements.
  • Assist in the preparation of portfolio monitoring memos.
  • Monitor and analyze investor compliance reporting.
  • Participate in calls with borrower’s senior management teams.
  • Support the Financial Services team with additional assignments as needed.
  • Participate in special projects as needed.

Requirements

  • Enrolled in a graduate degree program in Business (MBA), Economics, Accounting, Finance, Public Policy, or related field of study.
  • Completion or enrollment in relevant finance or accounting coursework is required.
  • Ability to work 20 – 40 hours per week.
  • Ability to thrive in a fast-paced environment with multiple and varied assignments.
  • Strong writing ability, and quantitative and qualitative analytical skills.
  • Unwavering attention to detail and ownership of work.
  • Commitment to OFN’s mission.
  • Ability to work independently or in team environment as required.
  • Comfortable working in a small office environment.
  • Ability to manage multiple tasks effectively and efficiently under moderate supervision.
  • Job involves normal physical requirements for an office position.

Compensation and Benefits

This paid internship will be approximately 32-40 hours per week. The internship will run from the end of May through August 2024 with the possibility of continuation into the 2024-2025 academic year.

How to Apply

To apply, submit a cover letter and resume to: https://www.appone.com/MainInfoReq.asp?R_ID=6095446