NMTC Impact Investment Officer

Company: TruFund Financial Services

Location: Richmond, CA

Job Function: Investment


About TruFund Financial Services, Inc.

TruFund was established in 2005 as a national nonprofit organization that advances economic opportunity for people, businesses, and communities in need. As a nonprofit, mission-driven entity, TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders. TruFund offers more than a loan – we provide an opportunity for underserved small businesses and low-income communities to thrive.

TruFund is a Community Development Financial Institution “CDFI” that operates a private equity platform under their Structured Lending & Investments “SLI” unit. All equity investments are executed under TruCapital, the firm’s subsidiary. TruCapital seeks to promote equity capitalization and access for BIPOC communities. One way in which TruCapital is addressing racial inequality is by providing access to affordable equity capital to MWBE developers through initiatives such as the Impact Developers Fund (IDF), a $26 million partnership with Morgan Stanley and the Ford Foundation which is currently in the process of being expanded.


The Impact Investment Officer will be responsible for the evaluation and analysis of equity investment opportunities for TruCapital. Additionally, under the direction of the VP, the role will support NMTC’s existing $350 million portfolio of structured tax credit investments, including asset management, compliance, accounting, as well as impact monitoring and reporting, and the development and creation of new program joint ventures. Additionally, we are seeking a financially skilled impact investment professional to help screen, execute, and underwrite both NMTC investmenats and direct private investments. The Impact Investment Officer will provide portfolio assessment reviews, research, analysis and compliance fund support.


Primary Job Functions

  • Manage the day-to-day business line relationships internally with Asset Management, Compliance, and Accounting
  • Manage legal counsel relationships and other third-party experts in the exploration of critical transaction issues
  • Underwrite credit and/or equity investment memos for executive leadership, credit review and approval
  • Manage relationships with investees and/or borrowers
  • Manage NMTC compliance and reporting
  • With oversight, develop and apply applicable underwriting criteria for investment recipients and borrowers based on investor PRI and/or CRA requirements
  • Provide ongoing analysis and reporting on fund and investees’ and/or borrowers’ performance to internal and external partners
  • Represent TruCapital in partnership meetings with external funders and stakeholders which may include presenting formal pitches
  • Advise TruFund on transaction strategy including due-diligence, deal structuring, managing process to deadlines and all applicable reporting and/or reconciling requirements
  • Support the establishment of the required financial management and reporting infrastructure
  • Monitor and measure the social and financial impacts of the Fund’s impact investment portfolio, as well as disseminate results and learnings to executive leadership while recommending action plans
  • Research national economic, equity, industry and impact outcomes to ensure best in class approaches to existing and potential funds ensuring a competitive product that adds value to our investees and/or borrowers and investors


Education And Related Work Experience

  • In-depth knowledge of, and ability to communicate effectively on, the relevant Tax Credit Program, commercial real estate finance, tax and accounting concepts, or partnership law
  • Formally credit trained or proven ability to underwrite and manage debt or equity structures
  • Minimum of 5 years in commercial banking, equity investment, commercial real estate, corporate banking, community development or social impact investing
  • Management experience desired
  • Familiarity with and/or experience underwriting residential and affordable housing transactions including LIHTC and NMTC structures
  • Proven track record in community economic development lending or finance along with strong relationship building skills is preferred
  • Bachelor’s degree required. Masters in Public Administration, Management, Business Administration, Finance or Real Estate preferred
  • Strong verbal and written communication and presentation skills required
  • Capacity to work independently and motivation to achieve goals with minimal supervision is required
  • Commitment to and experience in impact equity, real estate and or social impact investing

Compensation and Benefits

Salary Range: $100,000-125,000

Compensation will also include bonus compensation (if earned), full health, vision, and dental benefits, life and disability insurance, as well as a 403(b) with a company match.

How to Apply

Please forward a resume to Monica Edwards at medwards@TruFund.org with the job title in the title bar.