Intern, Research

Company: Opportunity Finance Network

Location: Washington, DC

Job Function: Intern/Work Study


Background

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.

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.

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 be responsible for assisting with the execution of OFN’s Annual Member Survey data collection, contributing to OFN’s research agenda, and helping to maximize the use of data and research to elevate the work of CDFIs. The Research team will provide mentorship and support to develop and maximize the candidate’s professional skills in data collection, research methods, analytical thinking, oral communication and writing, and project management.

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

Responsibilities

  • Review, validate, and analyze responses to OFN’s Annual Member Survey on the CDFI industry.
  • Compare survey response to CDFIs’ audited financial statements and previous years’ survey responses.
  • Assist with management of the survey project by tracking progress, communicating with CDFIs, responding to questions, and coordinating with other team members.
  • Collect, clean, manage, and analyze quantitative data and perform statistical analyses using standard statistical software packages.
  • Help to maintain quantitative databases that store data collected by OFN and publicly available data from the Census, CDFI Fund, Small Business Administration, Federal Deposit Insurance Corporation, and other sources.
  • Track and assist in fulfilling data requests submitted by other OFN departments, CDFI members, and external partners.
  • Assist in developing research publications by drafting sections and preparing exhibits, tables, and data visualizations.
  • Provide administrative support to the research team.
  • Assist with other research activities as requested.

Requirements

  • Enrolled in a graduate degree program in Business (MBA), Economics, Accounting, Finance, Public Policy, or related field of study.
  • Knowledge and familiarity with Excel as well as basic financial statements and terms are essential.
  • Experience with statistical packages (e.g., Stata, R) and database management software (e.g., SQL, Access) is preferred.
  • Ability to work a minimum of 32 hours per week during Summer 2024.
  • Ability to work well in a fast-paced environment, balance the demands of working on multiple tasks simultaneously, and collaborate on teams.
  • Excellent writing, oral communication, and analytical thinking skills.
  • Commitment to OFN’s mission.
  • Substantive interest in community development, CDFIs, financial institutions, and nonprofits.
  • Job involves normal physical requirements for an office position.
  • Must have current US Work Authorization.

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=6095096