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The track record of today’s opportunity finance industry is impressive. All financing directly benefits low-income and low-wealth people to increase access to homeownership opportunities, affordable rental housing, thriving small businesses, and critical services such as childcare, healthcare, and education.

Do you want to develop innovative strategies? Combine your business acumen with an unwavering dedication to making a difference in people’s lives? Change the rules of financing? Make your impact and join the opportunity finance field.

To submit a job listing, please use our online form. To edit or remove a posting please contact info@ofn.org.

If you are looking for internships please visit our CDFI Industry Internship Bank.

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Loan Associate Baltimore Community Lending, Inc.
Baltimore, MD
Job Function: Lending/Loan Operations
Posted: July 17, 2017

Background:

Baltimore Community Lending (BCL) is a non-profit real estate financing corporation and certified Community Development Financial Institution (CDFI). The BCL mission is to support the revitalization and strengthening of Baltimore neighborhoods through innovative and flexible financing programs. The Company has a 28 year history of providing construction financing to non-profit and for-profit developers of properties in Baltimore City neighborhoods and neighborhood commercial districts. As our business continues to expand we need a well-organized individual who is able to assist our loan officers and learn the lending business.

Position Summary:

Baltimore Community Lending is looking for a dynamic individual driven to work with our lenders to assist them in providing capital to small and mid-sized developers who are acquiring and rehabbing properties to provide affordable housing throughout Baltimore City.

This position provides support to the Real Estate Loan Officers at Baltimore Community Lending. The primary function is to assist with the client services functions and directly coordinate the collection of required documents, the preparation of loan closing packages on approved loans, and follow-up documentation as needed. This position requires a significant amount of customer contact. The primary functions of the position are administrative in nature.

Responsibilities:

  • Assisting the Loan Officers with compilation of information during the application, underwriting and approval process for a loan
  • Assisting in the collection of all documentations as required by the loan officer and consistent with normal lending practices.
  • Collect financials from borrower/guarantors.
  • Contact customers, when directed, to gather loan application information for review.
  • Once the loan is approved, assist the Loan officers’ work with attorneys and Title companies to order loan documents, appraisals, environmental, flood certifications and all other required items needed for settlement.
  • Monitoring, collecting and removing items from the documentation exception list.
  • Complete all other duties as assigned.

Requirements:

  • Experience with commercial real estate or community development collateral and lending a plus
  • A minimum of an AA degree is required, with a Finance, Accounting or Real Estate concentration preferred. Experience in these fields can be substituted for a specific degree in these disciplines.
  • Must possess ability to work in a fast paced environment and maintain a high degree of accuracy.
  • Must have the ability to enter data in a computer with speed and accuracy; and exhibit good mathematical aptitude.
  • Must be a confident team member, who is not afraid to offer informed solutions when identified issues and challenges relating to loan program implementation arise.
  • Must be able to show experience to organize, and be able to perform timely, accurate and comprehensive analyses and detailed reporting.
  • Proficiency in Microsoft Suite of software, including Word, Excel and Outlook, is required.
  • Previous Experience: At least five years of experience in the areas of accounting, financial analysis, or credit for commercial, industrial and/or nonprofit organizations. Candidates with loan processing experience are preferred.

Compensation:

Compensation, paid as a salary with benefits, is commensurate with experience and qualifications. The excellent benefits package includes 40lk plan with match, health insurance, life and disability insurance, and paid annual leave.

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to Resumes@BCLending.org with “Loan Associate” in the subject line.

BCL is an equal opportunity employer. EOE

Business Lender Craft3
Walla Walla, WA
Job Function: Financial Services
Posted: June 28, 2017

Background:

Craft3 is a non-profit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. We do this by providing loans and assistance to entrepreneurs, non-profits, individuals and others, including those who don’t normally have access to financing. We then complement these financial resources with our expertise, personal connections and other advocacy for our clients. Learn more at www.craft3.org and www.craft3.org/videos.

Position Summary:

The Business Lender position is responsible for generating and underwriting new mission based business loans and servicing a loan portfolio that meets Craft3’s mission, financial and risk goals. The primary focus of lending targets small and medium businesses (not micro) in the Pacific Northwest, specifically those owned by minority, woman, veteran, and immigrant entrepreneurs and those located in low to moderate income/redevelopment areas.

Responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES include some or all of the following and are not intended to be all-inclusive. Craft3 reserves the right to change, add or delete responsibilities and duties as seen fit.

An employee's specific job duties, priorities and performance expectations are detailed in his/her individual performance plan.  

  • Actively prospects for strategic business loan opportunities from multiple sources.  Works with Craft3 Marketing professional to coordinate strategy and support.
  • Meets prospective borrowers, collects information, evaluates loan requests, negotiates loan terms and conditions.  
  • Determines the level of complexity, mission and strategy fit, and prospect’s readiness to borrow. Underwrites loans in accordance with policy or works cooperatively with assigned Underwriter to prepare detailed risk analysis of borrowers' repayment ability including financial and industry analysis of the borrowers' businesses, presents and defends loan proposals to loan committee based on effective critical thinking.
  • Provides informal consulting to clients regarding business plans, projections and business practices. Knows and refers to effective Technical Assistance providers who will help prospects with basic pre-application work such as business plan review and feedback.
  • Monitors outstanding borrowers for conformance with loan conditions, progress in meeting business goals, and overall business performance.  Reports all emerging problem loans to management when weaknesses are detected.
  • Manages portfolio risk in accordance with industry and organization standards and directives of the Credit Risk Manager. 
  • Participates in loan collections and enforcement actions when necessary.  May specialize in a specific loan product or targeted market sectors. 
  • Participates fully with all members of the Craft3 team. Effectively uses technology tools to perform required duties.
  • Contributes to the body of knowledge, sharing best practices and suggesting process improvement ideas.

Brand Management

  • Support the organization's All Team Performance Standards: Ownership, Respect and Flexibility.
  • Demonstrate stewardship for the Craft3 Brand.

AUTHORITIES

Loan Approval

  • Limited approval authority to be determined. Full voting participation on Staff Loan Committee approvals, assigned to individuals in peer group, on a rotating basis.

Portfolio Management 

  • Interact with a portfolio of clients and outstanding loans.  This portfolio will include loan relationships initiated by the lender and also other relationships that are originated by other lenders.  
  • Insure required financial information is submitted timely by the borrower
  • Complete analysis of borrower data, and draws a conclusion if there is a change in the level of risk associated with the borrower. 

Business Development 

  • Develops and manages referral network maintaining Craft3 brand in the marketplace with quality mission fit transactions to meet lender goals.

POSITION SCOPE - Direct Reports -- None

POSITION SCOPE - Indirect Reports -- None

PEER POSITIONS -- Other lenders

POSITION SCOPE – Financial Impact - Position is essential to ensuring loan compliance and payment performance on the part of all Craft3 borrowers.

Requirements:

QUALIFICATIONS

  • A minimum of three years previous commercial banking, community development lending, financial, or similar experiences required. Previous successful business ownership highly desired.  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

TYPICAL PROBLEM SOLVING  

  • Applies common sense understanding to carry out detailed and complicated written or oral instructions. Deals with problems involving many variables in sometimes difficult and stressful situations. Examples include: resolving staff conflicts, dealing with sometimes irate and impatient individuals, and managing many simultaneous high priority projects and user requests.

MINIMUM EDUCATION REQUIREMENTS AND WORK REQUIREMENTS

  • Bachelor's degree or relevant experience required. Five years of significant coursework in accounting, finance or economics required.  

OTHER SKILLS AND ABILITIES

  • Fluency in a second language is desirable. Able to deal with frequent change, delays, or unexpected events; Attention to detail, ability to balance multiple work assignments; organized work habits; ability to work independently. Proficiency with major software programs: e.g. Contact Management Systems, MS Office Suite.

CERTIFICATES, LICENSES, REGISTRATIONS

  • None specified

WORK ENVIRONMENT

  • The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually low to moderate as found in typical office environments.

PHYSICAL DEMANDS

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee frequently is required to walk. The employee is occasionally required to stand and reach with hands and arms. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision. Some travel to company events and branch offices will be required.
  • A level of travel is to be expected with job responsibilities covering a geographic area that includes the States of Oregon and Washington.

Compensation:

Craft3 will offer a competitive salary based on experience and skills, as well as an excellent benefits package including medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, and 403B Retirement savings plan with employer match.

How to Apply:

Application deadline is June 23, 2017

To apply complete the application online at: www.Craft3.org/Careers/Jobs 

Or Copy URL:  https://workforcenow.adp.com/jobs/apply/posting.html?client=craft3&jobId=79806&lang=en_US&source=CC2 

Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.

Assistant Controller WWBIC
Milwaukee, WI
Job Function: Accounting
Posted: June 1, 2017

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) has provided quality business and financial education coupled with access to fair capital and financial products for 30 years. Since WWBIC was incorporated as a 501(c)(3) in 1987, it has loaned $46 million to small business owners, helped entrepreneurs create and retain 8,900 jobs, assisted over 55,000 clients, including more than 3,900 businesses, and assisted 152 individuals and families in purchasing their own homes through its asset-building program. Each year, WWBIC increases its impact across the state through the hard work of our staff and dedicated volunteers. For more information, visit www.wwbic.com.

Position Summary:

This position is primarily responsible for management of accounting and reporting activities, supporting the preparation of Board and Committee reports and for working collaboratively with WWBIC leadership to ensure completion of organizational objectives. This position will have supervisory responsibility for our hardworking accounting team.

 

Responsibilities:

Specific responsibilities include oversight of day to day and month end accounting and  related  reporting, internal control of receipt of revenues, costs and program  budgets, analysis of financial data and presentation of financial reports in an timely manner, assisting WWBIC leadership with budget planning and analysis, and managing and tracking the performance of invested assets.

Requirements:

  • The position requires a minimum of 5 years of  experience in an accounting and/or financial reporting and previous supervisory experience.
  • A Bachelor’s degree and knowledge or both Generally Accepted Accounting Principles (GAAP) and Office of Management and Budget (OMB) regulations is required.
  • Must have strong communication, organization and analytical skills along with a high comfort level in Microsoft Office.
  • Must work collaboratively and  be committed to supporting and developing a strong Accounting team.
  • Valid driver’s license and proof of  insurance is needed.

Compensation:

Based on experience.

How to Apply:

Email cover letter, resume and salary requirements to: patricia.lohmann@wwbic.com

Loan Service Associate Entrepreneur Works
Philadelphia, PA
Job Function: Financial Services
Posted: May 22, 2017

Background:

Entrepreneur Works Fund is a non-profit, certified Community Development Financial Institution (CDFI) focused on growing small businesses and creating jobs in the Philadelphia metropolitan area. Our mission is to cultivate and promote successful entrepreneurs among underserved populations and in underserved areas of the region – entrepreneurs who then become economic engines in their own communities.
 
Our loan portfolio provides affordable microloans between $500 and $50,000 to entrepreneurs who might otherwise be unable to secure capital from a traditional bank. We have no minimum credit score and can be flexible around collateral as well as the age and revenue of the business. By connecting hundreds of entrepreneurs each year with access to capital, one-on-one technical assistance, business training and networking opportunities, Entrepreneur Works Fund helps promising individuals develop economic self-sufficiency and create job opportunities through business ownership.

For more information, please visit www.MyEntrepreneurWorks.org.

Position Summary:

The Loan Service Associate will play a key role in the operations and risk management of Entrepreneur Works’ small business loan portfolio by managing the services provided to our clients after their loans are closed and disbursed. 

This includes monitoring portfolio performance and staying in close contact with borrowers to identify those that need technical assistance before they reach the point of default. The Loan Service Associate will also manage the collections process, maintain the department’s data collection and systems, and produce loan servicing and closing documentation.

Responsibilities:

This position requires a customer-service oriented individual who is comfortable with data entry, thrives in multi-cultural settings, and is passionate about financial literacy and economic justice. Demonstrated experience working with a diverse range of clients and colleagues is a must, as is comfort with a deadline-driven environment.

The ideal candidate has experience entering data, managing client relationships and navigating complex interpersonal situations both on the phone and in person.

PRINCIPAL RESPONSIBILITIES OF LOAN SERVICE ASSOCIATE:

  • Monitor borrowers, their businesses and repayment patterns to identify troubled loans
  • Identify business assistance needs of current borrowers and connect them with relevant resources
  • Make site visits to borrower’s businesses when necessary 
  • Manage collections process, make collections calls
  • Prepare borrowers’ billing statements and late letters
  • Process loan payments
  • Enter client data into Entrepreneur Works’ loan servicing and CRM software programs
  • Assist with portfolio reporting and surveys

Requirements:

Required

  • At least 1-2 years of experience in client-facing and/or customer service roles
  • Ability to navigate complex interpersonal interactions
  • Experience with data entry, finance, administration and/or business 
  • Proficient in Microsoft Excel, Microsoft Word and Microsoft Outlook
  • Superior writing, verbal and interpersonal skills
  • Experience working (or volunteering) with diverse and underserved populations
  • Ability to quickly learn departmental software systems

Preferred

  • Previous loan servicing experience
  • Experience mentoring or consulting, particularly with small businesses or entrepreneurs
  • Experience with small business management or knowledge thereof
  • Experience with relational database applications (SQL)

Compensation:

Salary commensurate with experience, plus full benefits package.

How to Apply:

Please email a cover letter and resume with salary requirements to loans@entre-works.org. Please put “Loan Service Associate” in the subject heading. No phone calls, please.

Senior Underwriter - Low Income Housing Tax Credit Capital One
Miami, FL
Job Function: Underwriting
Posted: May 4, 2017

Background:

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Position Summary:

Senior Underwriter - Low Income Housing Tax Credit

The incumbent is responsible for the structuring and negotiation, underwriting, closing, due diligence and compliance functions related to the origination of new credit and investment products offered by the Community Finance group, and take a leadership role in managing the deal from origination through closing.  It is expected, the incumbent will have the depth and breadth of knowledge and experience to work on the most complicated transactions with only modest day-to-day management involvement.  While serving in this role, it is expected that the incumbent will evidence a high degree of competence in all facets of departmental operations and eventually build specific subject matter expertise in an area relevant to but above and beyond the customary level of knowledge required to perform assigned tasks.

 

Responsibilities:

  • Understand and employ all lending and investment policies and procedures of the Bank and the department. 
  • Advise production staff on product and transaction structure to meet client objectives within appropriate credit and investment guidelines.
  • Identify and elevate issues that may cause a delay in approval or closing or would otherwise warrant additional investigation.
  • Communicate information requirements to clients and other deal constituents.  Serve as the central contact for provision of the requested data.
  • Complete a detailed review and analysis of the character, experience, ability and financial strength of the sponsor(s), contractor(s), guarantor(s) as well as other entities involved with the transaction.
  • Complete a detailed analysis of third party documents as well as independent review of general market economic performance, economic factors, in person review of the site and comparable properties, and other analyses which result in supportable estimates on achievable rents, absorption and vacancy. 
  • Complete a supportable operating pro-forma based on the analysis of the real estate fundamentals, as well as a variety of other documents.
  • Complete a detailed analysis of the capital budget which includes reviewing all sources, uses, funds flow timing, restrictions on funding sources, etc.
  • Identify, obtain and review all due diligence documentation required for both credit approval as well as compliance considerations, and maintain the underwriting due diligence checklist.
  • Complete or obtain and review, risk rating models and profitability analysis. 
  • Complete a written approval request that, along with financial models and exhibits, will clearly and concisely outline the details of each transaction, the underwriter’s recommendation and the basis of the recommendation.  The request will identify transaction strengths and mitigate weaknesses, and document bank compliance with internal policies and procedures as well as regulatory and other requirements.
  • Present the credit and/or investment request for approval consideration. Communicate the decision to appropriate deal constituencies in conjunction with the production staff. 
  • Coordinate required processes outside of the department scope, such as appraisals, environmental due diligence, construction risk and counterparty risk review, to make sure all issues are identified and appropriately approved.
  • Manage the transaction closing process, including review of all bank documentation for accuracy and compliance with the approval and bank standards.  
  • Review documentation related to all other sources, including equity, loan, grant, subordinated financing, rental subsidy and regulatory agreements, to verify timing, structure and transaction terms that comport with bank underwriting and approval.
  • Satisfy final approval requirements or conditions, and obtain required approvals for structural modifications that occur after original approval but prior to close.
  • Liaise with Loan and Equity Administration and Portfolio Management representatives to ensure an efficient closing, initial funding and transfer of the transaction to the Portfolio Manager.
  • Populate the electronic credit and/or investment file for each transaction.
  • Serve as the primary facilitator between the production staff in communications, discussions and negotiations with bank designated approval staff.
  • Identify areas for process improvement and lead efforts to devise or implement actions or processes to deliver results.

Requirements:

Basic Qualifications:

  • At least a Bachelor's Degree or Military experience
  • At least 5 years experience in commercial real estate banking OR At least 5 years experience in financial services
  • At least 3 years of experience in affordable housing finance 

Prefered Qualifications:

  • Strong credit and financial analysis skills
  • Ability to write in a clear and concise manner to convey complex information
  • Strong interpersonal skills including the ability to communicate effectively
  • Exceptional analytical and problem solving skills, attention to detail and accuracy
  • Proficiency in Microsoft Office, with particular emphasis on financial modeling. 

At this time, Capital One will not sponsor a new applicant for employment authorization for this position. 

Compensation:

Base Salary plus performance based annual bonus

How to Apply:

Apply here.

 

Director of Advocacy Fahe
Berea, KY
Job Function: Advocacy/Policy
Posted: May 1, 2017

Background:

Want to make a difference? Fahe is on a mission to eliminate persistent poverty in Appalachia. Our unique collaborative model connects a Network of local, regional, and national leaders, all working together to uplift our nation’s rural places. Since our inception in 1980, the Fahe Network has served more than 375,000 people, made over $609 million in direct investments, and achieved a total cumulative financial impact of over a billion dollars in Appalachia.

Position Summary:

Fahe is looking for a new Director of Advocacy. This position will serve Fahe and our Membership by representing us at the state, regional, and national levels and moving our collective advocacy agenda forward. Reporting to the CEO, this position will work with the executive staff, board of directors and an outside lobbying firm on a regular basis.

Responsibilities:

  • Work with President and Policy Committee to craft, execute and report on our Advocacy/Policy Agenda
  • Oversee and coordinate internal work for Advocacy, and with lobbying firm
  • Represent Fahe and our Members at national and regional events.
  • Create and promote content to legislators, trade groups/coalitions, program offices and strategic partners
  • Translate details from big picture/national climate
  • Responsible for Departmental budget and goals
  • Ability to report (memos) to staff/caucuses/board on behalf of Advocacy Team
  • Maintain legislative calendar and contacts list

Requirements:

  • Familiarity with federal programs, laws and regulations
  • Familiarity with nonprofit development organizations
  • Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization
  • Able to work independently as well as collaboratively
  • Ability to Travel as needed – experienced solo and air traveler preferred
  • Proficient relationship-building skills Preferred

Education and Experience:

  • Undergraduate degree required
  • Experience at state or federal level with legislative affairs.

Compensation:

TBD

How to Apply:

Fahe is an Equal Opportunity Employer seeking applicants who can bring diverse viewpoints, experience, talents, and culture to promote our organization’s mission of eliminating persistent poverty in Appalachia. We offer a diverse work environment with competitive salaries and excellent benefits. Visit www.fahe.org to learn more about Fahe.

Qualified candidates may submit a resume and cover letter to hr@fahe.org or mail to Fahe/ATTN: Human Resources; 319 Oak Street; Berea, KY 40403.

Development Director Carolina Small Business Development Fund
Raleigh, NC
Job Function: Business Development
Posted: April 7, 2017

Background:

In 1990, Community Development Credit Unions (CDCUs) needed help. At the end of the 1980s, regulators began applying more stringent requirements on CDCUs, pushing some to the brink of liquidation. In response to the crisis, representatives from the CDCU network came together in the interest of preserving small, historically black credit unions. This collaboration lead to the creation of what was then called the North Carolina Minority Support Center (NCMSC).

The NCMSC's mission was to provide ongoing technical assistance and capital to support CDCUs throughout North Carolina. Generous support from the North Carolina General Assembly, the Z. Smith Reynolds Foundation, the Stevenson Credit Union Assistance Program, and the National Federation of Community Development Credit Unions helped to build the NCMSC into a nationally recognized resource.

Position Summary:

Under the administrative direction of President and CEO, this position is responsible for managing and executing the organizations marketing and fund raising functions. Liaison role with foundations, corporations, national and state banks, federal and state governments and other potential Carolina Small Business Development Fund (CSBDF)or donation providers.

Works under the administrative direction of the President and CEO; and exercises supervision over subordinate professional staff. The Director of Development routinely works without the direction of a supervisor and is free to develop methods, deadlines, priorities, and/or objectives for CSBDF development function. When instructions are received, they are usually specific because they apply to unusual and rarely occurring situations.

Responsibilities:

The following essential functions are those that are essential, primary and fundamental to the job. Incumbents who possess the requisite skill, experience, education, and other job-related requirements of a position are expected to perform the essential functions of the job with or without a reasonable accommodation. This description is intended to indicate the kinds of tasks and levels of work that will be required of positions assigned to this classification and shall not be held to exclude other related duties which are not mentioned.

  • Identifies, cultivates, solicits and stewards relationships with foundations, corporations, financial institutions and private foundations.
  • Actively engages in working to establish long-term partnerships and strengthen existing relationships with the corporate and foundation sector, state agencies, as well as other key community groups that will result in funding for the immediate and long-term goals of CSBDF.
  • Provides the expertise to advance the CSBDF’s interests by researching and identifying sources of support, proactively seeking opportunities to generate new proposals based on the mission and outreach programs, and by maintaining strong communication ties with existing donors and prospects.
  • Prepares annual fundraising strategy and work schedule to include long-range fundraising support and plans for prospecting new funders.
  • Writes and develops highly competitive proposals and grant applications for foundations, governmental and corporate prospects for funding.
  • Maintain regular contact with supporters, keeping them informed of our impact on the community and presenting compelling proposals regarding any new funding needs.
  • Works with local financial institutions.
  • Monitors award deadlines and make timely proposal submissions.
  • Ensures that reporting requirements are met for all grants, program related investments and other awards.
  • Assist marketing director with public relations related work including reviewing newsletter and marketing materials.
  • Develop a strategy to expand individual donor base of giving.
  • Maintains the Center’s giving policy and update as required.
  • Serve as lead staff for the Center’s Development Committee.
  • Work with local and federal legislators to help them understand our mission, and the financial impact The Carolina Small Business Development Fund’s services have on the communities it serves.
  • Provide assistance to President on advocacy and policy work.

Requirements:

Bachelor’s Degree in Marketing, Public Administration or Relations plus ten (10) or more years varied development experience and demonstrated successful corporate and/or foundation fundraising experience. A Master’s degree preferred. Possession of a valid North Carolina driver’s license.

Compensation:

TBD

How to Apply:

For more information, please email hr@carolinasmallbusiness.org or here.

Chief Operating Officer LiftFund
San Antonio, TX
Job Function: Other
Posted: April 3, 2017

Background:

LiftFund is a non-profit organization (501 c 3) dedicated to the economic development of small business by providing entrepreneurs with access to credit and business support services that are not available from the commercial banking sector. We offer a “hand-up” to those striving to support themselves and their families through small business initiatives. Through our loans and services, we help entrepreneurs strengthen their businesses, stabilize and increase their incomes, create additional employment opportunities and contribute to the economic revitalization of their communities.

LiftFund is a micro and small business lender based in San Antonio with offices in Austin, Brownsville, Corpus Christi, Dallas/Fort Worth, El Paso, Houston, Laredo, McAllen, New Orleans, Memphis, Birmingham and Atlanta. The Lending footprint includes the States of Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, South Carolina, Tennessee and Texas. LiftFund has assets of $69 million and has 105 employees.

Position Summary:

The Chief Operating Officer is responsible for operational and financial performance of LiftFund, as well as strategic leadership, risk management, organizational development, internal infrastructure and new business development. Partners with President and CEO to plan and prepare for future growth and coordinate strategic responses to emerging opportunities. Serves as the leader of the Operational Leadership Team which includes the Chief Financial Officer, Chief Lending Officer and the Chief Credit Officer. The goal of the COO is to support the mission, increase the organizations’ asset base, and improve the operational performance of the organization.

Responsibilities:

Business Development

  • Serve as the lead of the operations of LiftFund. Is responsible for identifying, vetting, and ensuring follow-up on new and existing business development or organizational opportunities. Provide thought leadership on operational and mission impact, organizational capacity, risk factors, and other key factors to inform strategic decision-making • Provide organizational focus and leadership for market positioning issues, identifying emerging opportunities to leverage current work and internal capacities for new business development

Organizational Effectiveness

  • Lead the development and implementation of key performance indicators (KPIs). Proactively identify performance trends, ensure ongoing reporting and engagement of team on performance successes, shortcomings and mid-course corrections, as needed
  • Champion the development, implementation and continuous improvement of a range of organizational management protocols, practices and tools, (project management, procurement, contracting, risk management, etc.) to ensure optimal deployment of LiftFund ’s resources
  • Serve as the leader of the Operational Team and advisor and counsel to the President • Provide leadership, vision, coaching, and professional development opportunities

Financial Management

  • Ensure effective financial management protocols and processes, including timely, accurate financial reporting, proper financial controls, and effective budgeting and procurement
  • Continuously assess and refine LiftFund’s financial model towards self-sufficiency; analyze and develop strategies to align organizational priorities with financial resources and outcomes
  • Provide oversight and approval of all financial commitments including contract approval, budget approval and audit preparedness

Talent Management & Organizational Development

  • Ensure the delivery of effective human resource practices and policies that are aligned with Lift Fund’s strategic priorities.
  • Foster a culture of collaboration and continuous improvement by collaborating with teams to identify operational gaps or inefficiencies, and developing competency, structural, or process-based solutions. Maintain robust succession plan for Operational Team positions to ensure organizational sustainability and mitigate operational risks

Information Technology Management

  • Provide oversight to IT function to ensure the ongoing maintenance and updating of LiftFund’s information systems and architecture, including hardware, networking, and applications, that effectively serve both the internal and mission-facing needs of the organization
  • Engender and encourage innovative, proactive integration of technology solutions in support of programmatic imperatives
  • Ensure appropriate disaster recovery measures are in effect, including standard protocols and communication measures

Administration

  • Oversee real estate portfolio and related activities for headquarters and remote offices, including lease agreements, landlord relations, subtenant agreements, and space improvements
  • Ensure effective administrative functions for LIFTFUND’s headquarters offices including physical security, liability coverage, records storage, business policies, mail and shipping, office supplies and equipment, and maintenance of a comfortable, welcoming physical environment for LIFTFUND team members and guests
  • Other duties as assigned

Requirements:

  • Minimum of ten years leadership and management experience, including at least three years in a nonprofit or socially responsible organization. Prior experience providing oversight to three or more of the following functional areas: business operations, human resources, financial management, organizational development, information technology, organizational effectiveness
  • Master’s degree in business administration, public administration, accounting, finance, human resources, organizational development, or related field. Equivalent combination of education and experience may be considered in lieu of Master’s degree
  • Strong project management and analytical skills required • Demonstrated success in developing and managing KPIs
  • Strong writing and verbal communication with the ability to communicate to diverse internal and external audiences
  • Excellent interpersonal skills, with an ability to develop and maintain strong relationships, and engender trust
  • Flexible demeanor, demonstrated resourcefulness in setting priorities and guiding investment in people and system
  • Demonstrable leadership ability, including coaching, teambuilding and performance management

Compensation:

TBD

How to Apply:

Please send cover letter and resume to Janie Hernandez, VP Human Resource. jhernandez@liftfund.com

Community Investment Consultant II Federal Home Loan Bank of San Francisco
San Francisco, CA
Job Function: Other
Posted: March 21, 2017

Background:

The Federal Home Loan Bank of San Francisco is a cooperative, wholesale bank that helps meet community credit needs by providing readily available, competitively priced credit products and services to member financial institutions through all phases of the economic cycle. Our members include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada.

For most financial institutions, especially small community lenders, direct borrowing from the global capital markets is not an option. As part of a network of 11 regional Federal Home Loan Banks across the country, we are able to raise funds in the global capital markets at favorable rates and terms. This allows us to provide our members with prompt, reliable access to low-cost loans (we call them “advances”) and financial risk management tools that help them meet the housing finance and economic development needs of the regions they serve.

Members use our products and services to help them lower their funding costs, reduce interest rate risk, manage liquidity, offer a wider range of credit products to their customers, and access lower-cost funding for affordable housing and economic development.

The credit we make available enables community lenders to make home mortgage, commercial real estate, small business, and other loans. Working with our members, community nonprofits, and cities and towns across our region, we also support affordable housing and economic development through targeted grant and loan programs. As part of this effort, we set aside 10% of our income each year to fund Affordable Housing Program grants for lower-income households.

Position Summary:

Consults with and provides expertise on community investment products and compliance issues to Bank management, the Bank’s members, prospective members, the FHLBank System, and community partners in support of the Affordable Housing Program (“AHP”) and the Community Lending Plan.

Responsibilities:

  • AHP Project Support
    • Handles all matters related to approved AHP projects including pre-disbursement reviews, modifications, determination of ongoing viability, and other responsibilities as needed. By providing knowledgeable assistance, supports members and project sponsors in their efforts to use the program to the best advantage of their projects.
    • Scores, evaluates, determines eligibility, financial feasibility and need for subsidy of applications submitted in the competitive rounds.
  • Technical Assistance and Outreach
    • Provides knowledgeable assistance to members and project sponsors. Actively represents the Bank at meetings, public speaking engagements, and community-sponsored events. Assists in planning and participates in Bank-sponsored workshops, webinars, conferences, or other events.
    • Assists in the production of various Bank publications such as brochures related to training workshops, product profiles for AHP products, the Affordable Housing Advisory Council’s annual report, and the Bank’s newsletter on community investment.
  • Special Projects
    • Assists the Bank in achieving its mission-related goals, including research into potential community investment programs, program design, and work related to fulfilling the Bank’s Community Lending Plan initiatives. Coordinates and prioritizes the steps needed to achieve specified results. Presents and recommends program ideas and research findings to senior management and/or the Advisory Counsel of the Board of Directors.

Requirements:

  • Bachelor’s Degree in Business Administration, Finance, a related field or equivalent education required.
  • Minimum four years experience in community investment lending, affordable housing finance, or loan processing within a financial institution or affordable housing nonprofit preferred. Familiarity with AHP regulations, established guidelines, policies and procedures desired.
  • Demonstrated project management skills including the ability to take initiative in a fast paced work environment, work effectively under pressure, either independently or as a member of a team and able to interface with all levels of customers both internal and external.
  • Demonstrated knowledge of Affordable Housing and Community Investment regulations and policy; public and private financing sources available, the Low-income Housing Tax Credit Program, mortgage revenue bond programs, Section 8 Certificates, other public grant programs, the Community Reinvestment Act, and the Home Mortgage Disclosure Act preferred.
  • Knowledge of Finance and financing structures preferred.
  • Understanding of how member banks use advances to support affordable housing preferred.
  • Familiarity with loan documentation required.
  • Ability to analyze sources and use tables, operating and development budgets, statements of cash flow required.
  • Understanding of the basics of retention and recapture mechanisms (subordination arrangements, silent second notes, and lien positions) required.
  • Ability to operate PC-based software and/or automated database systems required.
  • Excellent presentation, verbal and written communication skills and strong analytical and problem solving skills desired.
  • Ability to analyze, apply, interpret, and communicate policies, procedures and regulations effectively preferred.
  • Demonstrated ability to take initiative in a fast-paced work environment, work effectively under pressure, either independently or as a member of a team, and to interface with all levels of customers, both internal and external.

Compensation:

  • Competitive salary and discretionary bonus
  • Excellent health benefits including medical, dental, vision, wellness reimbursement, FSA & transportation tax savings, technology device incentives, 401K
  • Vacation, sick and bank holidays paid time off
  • Convenient location in the heart of downtown SF, close to public transportation
  • Excellent work environment, friendly & professional culture.

How to Apply:

Apply here.

Loan Officer WWBIC
Racine/Kenosha, WI
Job Function: Lending/Loan Operations
Posted: March 17, 2017

Background:

The Wisconsin Women’s Business Initiative Corporation (WWBIC) has provided quality business and financial education coupled with access to fair capital and financial products to entrepreneurs for 30 years. Since WWBIC was incorporated as a 501(c)(3) in 1987, it has loaned $46 million to small business owners, helped entrepreneurs create and retain 8,900 jobs, assisted over 55,000 clients, including more than 3,900 businesses, and assisted 152 individuals and families in purchasing their own homes through its asset-building program. Each year, WWBIC increases its impact across the state through the hard work of our staff and dedicated volunteers. For more information, visit www.wwbic.com.

Position Summary:

The Loan Officer has responsibility to produce approved, closed and disbursed microloans for expansion of WWBIC's micro lending programs.

Responsibilities:

Core responsibilities include: identify, analyze, underwrite and close loan applications, develop and foster key relationships to ensure collaborative partnerships with area financial institutions and other sources for loan referrals, maintain a presence in the Racine and Kenosha community to facilitate loan production.

Requirements:

This position requires a desire to work with business owners of diverse ethnic and socio-economic backgrounds. Bachelor's degree and at least 5 years solid work experience in commercial banking, underwriting or accounting, strong analytical and organizational skills are needed.

Compensation:

Based on experience

How to Apply:

email resume, cover letter and salary requirements to: patricia.lohmann@wwbic.com

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