Vice President, Grant Administration and Compliance 

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 various 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 detail-oriented and knowledgeable manager to join our expanding team as the Vice President of Grant Monitoring and Compliance. This role manages and oversees a team that ensures sub-recipient compliance with regulatory and programmatic requirements, including but not limited to, the Greenhouse Gas Reduction Fund (GGRF). This role plays a critical part in ensuring that sub-recipients adhere to the terms and conditions of sub-award agreements, as well as applicable laws, regulations, and policies.

The primary focus of the VP is to manage the compliance process, monitor grant activities, and provide guidance and support to the team and sub-recipients.

Responsibilities

  • Develop and implement a comprehensive sub-recipient compliance strategy that aligns with the organization’s grant objectives. This includes supporting the SVP, Investment Operations in establishing policies, procedures, and guidelines to ensure sub-recipients’ compliance with grant requirements.
  • Develop and implement monitoring procedures to ensure ongoing compliance of sub-recipients with grant terms.
  • Perform internal and external audits and reviews of expenditure and programmatic reports, conduct site visits, and assess the proper use of grant funds.
  • Provide guidance and support to sub-recipients regarding grant compliance requirements.
  • Develop and deliver onboarding training to educate sub-recipients on grant regulations, reporting procedures, and best practices.
  • Address and resolve compliance issues identified during monitoring activities or related by sub-recipients.
  • Collaborate with grant management associate and internal departments to develop corrective action plans and ensure timely resolution of sub-recipient’s non-compliance events.
  • Stay up to date on relevant laws, regulations, and policies related to grant compliance. Interpret and communicate these requirements to internal stakeholders and sub-recipients, ensuring adherence to all applicable regulations.
  • Collaborate with internal teams, such as Finance and Accounting, Investment & Portfolio Management, and Climate to ensure alignment and coordination in grant compliance efforts.
  • Collaborate with auditors, provide necessary documentation and information, and address any findings or recommendations.
  • Identify areas for improvement in grant compliance processes and procedures. Recommend and implement enhancements to ensure efficient and effective compliance management.

Requirements

  • Bachelor’s Degree or 5-7 years direct work experience in lieu of degree required.
  • 5+ years proven experience in grant compliance management, preferably in a non-profit or government organization.
  • 2+ years of supervisory experience.
  • Experience with clean energy programs and projects is a plus.
  • Demonstrated experience managing and meeting tight deadlines.
  • Experience or knowledge of the CDFI Industry and nonprofit environment is a plus.
  • Demonstrated leadership ability with superior interpersonal skills and ability to work well with diverse constituents.
  • Excellent knowledge of grant regulations and compliance requirements.
  • Strong analytical and problem-solving skills, with the ability to identify and address compliance issues.
  • Exceptional attention to detail and the ability to work with complex data and financial information.
  • Superior 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 using grant management software tools.
  • Familiarity with financial management and reporting systems.
  • 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.