Industry Job Bank

  • Make an impact and join the opportunity finance field.

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.

Leave blank for all. Otherwise, the first selected term will be the default instead of "Any".
Leave blank for all. Otherwise, the first selected term will be the default instead of "Any".

Credit Analyst Opportunity Finance Network
Philadelphia, PA
Job Function: Financial Services
Posted: June 14, 2017

Background:

Opportunity Finance Network (OFN) is the leading membership organization for community banks, credit unions and loan funds that invest in low-income, low-wealth, and other disinvested communities across America. OFN Members provide affordable, responsible credit that finances community businesses, sparks job growth in the areas that need it most, and delivers both sound financial returns and real changes for people and communities.

To learn more about OFN, visit: www.ofn.org

Women, People of Color, and LGBTQ candidates are encouraged to apply.

Position Summary:

The Credit Analyst supports senior Financial Services staff in financial statement analysis, borrower credit reviews, loan requests, and portfolio management duties. Such assistance will include gathering and compiling data, analyzing and preparing reports, composing written summaries, spreading financial statements, maintaining borrower and loan production files, communicating with borrowers, and preparing information for internal and external reviews. Responsibilities also include performing annual loan reviews and analytical support of loan underwritings.

Responsibilities:

  • Assist Financial Services team in loan underwritings, including various analyses, calculations, summaries and other tasks as required by the underwriter
  • Assist in analysis and preparation of annual loan portfolio review
  • With support from senior staff, perform annual credit reviews of borrowers
  • Spread borrowers’ financial statements into OFN statement template
  • Manage loan covenant compliance, including financial statement collection, and borrowing base compliance with loan agreement, performing quarterly covenant compliance checks, and following up with borrowers in the case of covenant violations
  • Communicate to Financial Services Team status of receipt of quarterly financial statements, quarterly compliance checks and reporting, portfolio reports, spreads and scheduling of annual reviews
  • Assist in drafting and updating written procedures for the credit administration and portfolio management functions
  • Analyze portfolio trends and identify portfolio vulnerabilities by interpreting data on payment trends, borrower financial ratios, pricing, economic influences, and other factors affecting the portfolio
  • Evaluate and compare relative quality of various loans and investments.
  • Preparation and presentation of oral or written reports on portfolio trends, general economic trends, and sector indicators (e.g., real estate, small business, etc.)
  • Oversee maintenance of accurate, complete and up-to-date files and records
  • Provide quality customer service at all points of contact with OFN borrowers and prospects as well as answer questions and advise customers regarding loans and transactions with OFN borrowers and prospects
  • Confer with CDFIs and other business representatives to exchange credit information as needed as well as conduct research for new program or project developments
  • Schedule Investment Committee meetings, compile/distribute investment committee packages and follow-up with committee members needs/requests for information as well as take meeting minutes
  • Schedule meetings and conference calls by coordinating and confirming attendance, arranging for the meeting place, equipment/advance materials, etc.

Requirements:

  • Bachelor’s Degree or 5-7 years of work experience in lieu of a degree 1-3 years of experience in financial statement analysis and credit underwriting in a commercial lending environment desirable
  • Experience preparing loan documents utilizing Laser Pro or standard templates as well as Salesforce or CRM system experience desirable
  • Experience or volunteer work in nonprofit or small office environment a plus
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance
  • Superior interpersonal skills and ability to work constructively with diverse constituents is required
  • Ability to analyze non-profit financial institutions’ financial statements and understand loan documentation required
  • Strong organizational skills and ability to manage multiple tasks under moderate supervision in and effective and efficient manner required
  • Ability to work independently or in team environment as required
  • Understanding of and commitment to opportunity finance required
  • Some travel required (10% of time)

Compensation:

TBD

EOE/V/D/AA Compliant

How to Apply:

<p>Interested parties should complete an application and submit their resume and letter of interest at: <a href="https://theapplicantmanager.com/jobs?pos=OF125" target="_blank">https://theapplicantmanager.com/jobs?pos=OF125</a></p>

<p><strong>Application deadline: July 31, 2017</strong></p>

<p>Or Mail:</p>

<p><strong>Search: Credit Analyst</strong><br />
Opportunity Finance Network<br />
620 Chestnut Street Suite 572<br />
Philadelphia, PA 19106</p>

Senior Credit Portfolio Manager Opportunity Finance Network
Philadelphia, PA
Job Function: Financial Services
Posted: June 14, 2017

Background:

Opportunity Finance Network (OFN) is the leading membership organization for community banks, credit unions and loan funds that invest in low-income, low-wealth, and other disinvested communities across America. OFN Members provide affordable, responsible credit that finances community businesses, sparks job growth in the areas that need it most, and delivers both sound financial returns and real changes for people and communities.

To learn more about OFN, visit: www.ofn.org

Women, People of Color, and LGBTQ candidates are encouraged to apply.

Position Summary:

The Senior Credit Portfolio Manager supports the Financial Services team in credit portfolio management activities that include borrower credit reviews, loan renewal requests, financial statement analysis, covenant compliance, data management, and report development. Such responsibilities will include gathering and compiling data, analyzing and preparing reports, composing written summaries and recommendations for modifications and loan renewals, spreading financial statements, maintaining borrower and loan production files, communicating with borrowers, and preparing information for internal and external reviews. Responsibilities also include performing annual loan reviews, performing loan renewals, analytical support of loan underwritings, and analytical support of OFN’s annual portfolio review.

Responsibilities:

  • Manage loan covenant compliance for Financing Fund and Bond Guarantee Program, including financial statement collection, and borrowing base compliance with loan agreement, perform quarterly covenant compliance checks, and follow up with borrowers as needed for corrections and clarification related to the reporting as well as in the event of covenant violations.
  • Perform annual reviews of borrowers.
  • Perform analysis on loan modifications and waivers and prepare related memos and documents.
  • Conduct loan renewals including various analyses, calculations, and prepare credit memos.
  • Assist Financial Services team in new loan underwritings, as needed. Spread borrowers’ financial statements into OFN statement template.
  • Assist in analysis and preparation of OFN’s annual portfolio review memo.
  • Prepare Investment Committee minutes, as required.
  • Oversee maintenance of accurate, complete and up-to-date borrower files and records.
  • Serve as team expert on The Exceptional Assistant (TEA) Loan Management System (LMS) software.
  • Provide customer service at all points of contact with OFN borrowers and prospects, answering questions and advising customers regarding loans and transactions with OFN.
  • Confer with CDFIs and other business representatives to exchange credit information as needed as well as conduct research for new program or project developments.
  • Schedule meetings and conference calls as necessary
  • Other tasks as assigned by supervisor.

Requirements:

  • Bachelor’s Degree or 5-7 years of work experience in lieu of degree.
  • 3-5 years of experience in financial statement analysis and credit underwriting in a commercial lending environment desirable.
  • Experience with Salesforce or CRM system experience and a loan management system preferred.
  • Experience in nonprofit or small office environment desirable.
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
  • Superior interpersonal skills and ability to work constructively with diverse constituents is required.
  • Ability to understand financial statements in order to perform credit and financial underwriting is required
  • Ability to understand accounting and financial statement presentation
  • Ability to understand loan documentation and ability to uncover and ascertain prospective borrowers’ needs
  • Strong organizational skills and ability to manage multiple tasks under minimal supervision in and effective and efficient manner required.
  • Ability to work independently or in team environment as required.
  • Understanding of and commitment to opportunity finance required.
  • Advanced knowledge of MS Excel and file sharing programs.
  • Job involves normal physical requirements for an office position.
  • Some travel required (10% of time).

Compensation:

TBD

EOE/V/D/AA Compliant

How to Apply:

Interested parties should complete an application and submit their resume and letter of interest at: https://theapplicantmanager.com/jobs?pos=OF126

Application deadline: July 31, 2017

Or Mail:

Search: Senior Credit Portfolio Manager
Opportunity Finance Network
620 Chestnut Street Suite 572
Philadelphia, PA 19106

Senior Loan Officer Enterprise Community Partners
Seattle, WA
Job Function: Lending/Loan Operations
Posted: July 21, 2017

Background:

Enterprise’s mission is to create opportunity for low- and moderate-income people through affordable housing in diverse, thriving communities.

We are driven by our mission, fueled by business discipline and sustained by donors and investors. Since 1982, Enterprise has worked with partners in communities nationwide. One of America’s original social enterprises, we bring together the people and resources to create affordable housing in strong neighborhoods. Within Enterprise are entities that lend funds, finance development and manage and build affordable housing. 

Position Summary:

Enterprise Community Loan Fund is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $28.9B in equity, grants and loans to support low income people and low income communities including building or preserving 470,000 affordable rental homes. For more information about Enterprise, please visit our website at www.enterprisecommunity.org.The Enterprise Community Loan Fund has an immediate opening for a Senior Loan Officer position. The position would have lending and portfolio responsibilities throughout Enterprise’s national footprint and can be based in Los Angeles, CA or Seattle, WA.

Responsibilities:

Reporting to the Managing Director of Lending, the Senior Loan Officer is responsible for underwriting loan requests in support of community development with particular emphasis on affordable housing and community facilities, including both interim/bridge, New Market Tax Credits and permanent term loans. The position will support Enterprise’s lending activities across its national footprint. The responsibilities also include managing a defined portfolio of loans from origination through repayment.

The Senior Loan Officer is expected to develop and maintain relationships with community development organizations and other relevant groups for the regions in which he/she works, as well as field representatives of Enterprise. The position requires an experienced professional with strong analytical, financial and relationship management skills.

  • Contribute to production goals by identifying lending opportunities, and originating new loans upon referral through the Enterprise system and external partners.
  • Structure and negotiate financing proposals/commitments, and prepare comprehensive written loan packages for review and approval by management or Loan Committee for both direct financing by Enterprise and financing through various off balance sheet funds.
  • Review and interpret third party due diligence reports, including appraisals, market assessments, entitlement/zoning classifications, and environmental reports to determine transaction viability and appropriate loan structure.
  • Coordinate the preparation of commitment letters and loan documents with attorneys.
  • Manage the closing process, including internal and external closing counsel, and the collection, review, approval and execution of all closing items.
  • Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance and processing modification and extension requests.
  • Maintain loan files in audit-ready condition to ensure accuracy and completeness.
  • Work cooperatively with local and regional staff from Enterprise Community Partners, Enterprise Community Investment and Bellwether Enterprise to coordinate and leverage Enterprise resources ?grants, loans and equity in project development and advancement of the Enterprise strategic plan.
  • Assist with other projects as needed.

Requirements:

  • Undergraduate degree required; advanced degree in business, finance or related field preferred.
  • Seven years of lending experience, with three ?3? years of multi-family affordable housing, real estate, underwriting responsibilities required. Community development underwriting and knowledge of various housing programs and the broader community development field is a plus.
  • Demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation.
  • Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, and coordinate and communicate effectively across all levels of an organization.
    Strong business development, analytical, communication, and problem solving skills, with working knowledge of spreadsheet programs.
  • Detailed analytical skills with database management and spreadsheet knowledge.
  • Familiarity with federal, state and local community development programs, particularly programs that finance charter schools, federally-qualified health centers and affordable housing.
  • Ability to travel up to 30% of the time.

Compensation:

DOE

How to Apply:

Please apply online: http://tinyurl.com/ybg5d4ug

Development Director Northwest Access Fund
Seattle, WA
Job Function: Fundraising
Posted: July 17, 2017

Background:

The Northwest Access Fund is a non-profit Community Development Financial Institution established to promote access to technology and economic opportunity for people with disabilities. Our programs include low-cost loans and IDAs for assistive technology and business equipment for people with disabilities as well as financial capability services. We operate in both Washington and Oregon. Our office is located in Seattle, WA. Visit www.nwaccessfund.org for more information.

Position Summary:

We are seeking a Development Director to develop and operate a strong and diversified fundraising program.  

Reporting to the Executive Director, the Development Director will guide and implement the strategy for development activities - including individual giving, donor relations, event management, grant writing, corporate sponsorship, and special fundraising campaigns - and assist in communication activities.  The Development Director must have outstanding communications skills.  He or she will work closely with the Executive Director and staff on all public relations and outreach activities and provide additional support as necessary.

Responsibilities:

  • Develop, implement, and evaluate an annual Development Plan in collaboration with the Executive Director and staff.
  • Create and execute the annual development calendar and development strategies to meet organizational goals – including online fundraising strategies.
  • Research grant opportunities and solicit corporate and grant funding in conjunction with Executive Director and program staff.  Develop grant reporting calendar and work with staff to meet grant reporting obligations.
  • Develop and manage individual giving program and build a major gifts program. Maintain and upgrade donor database in conjunction with other staff to ensure adequate data entry related to donor outreach and maintenance.
  • Develop and Manage events: Design and schedule events that align with development plan; Perform outreach to event guests; create content for event related materials and work with other staff, contractors and volunteers to ensure the events’ success; Manage post-event donor stewardship; and Oversee special events geared towards major/planned-giving donors.
  • Develop major communication pieces for direct mail, including appeal packages, informational pieces, and thank-you letters. Analyze direct mail pieces ROI as well as consistently increasing dollars brought in annually.
  • Draft blog posts and e-mail newsletters for distribution to donors and stakeholders.  Assist program and executive staff by creating copy as needed to support various initiatives.
  • Work with graphic design and other professionals as needed to see projects through.
  • Provide support for and participate in offsite conference presentations and tabling events.
  • Work with the Chair of the Marketing and Development Committee to develop committee meeting agenda and supporting materials.
  • Develop and produce annual report.

Because we are a small organization all staff members are expected to contribute to the overall success of the organization and carry out administrative, program, and development tasks as assigned.

Individuals with disabilities are strongly urged to apply.

Requirements:

3 - 5 years of experience in development work.

Compensation:

$43,000 - $52,000 annually for full time work, depending upon qualifications, with option of health, dental and vision benefits and SIMPLE IRA (matches up to 3% of salary). We will consider part-time work or work on a contract basis.

How to Apply:

Email resume and cover letter to Jack Brummel at jbrummel@nwaccessfund.org. In the cover letter, please specifically address relevant experience and reasons for your interest in this particular position.

Questions: Please contact Jack Brummel, Executive Director, with questions at 206-328-5116 or jbrummel@nwaccessfund.org. For more information about the organization, see www.nwaccessfund.org.

 

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

Program Manager, Business Advising Pacific Community Ventures
San Francisco, CA
Job Function: Other
Posted: July 11, 2017

Background:

Pacific Community Ventures envisions an economy that works for everyone. For almost two decades, our programs have helped people achieve the American Dream by creating quality jobs and stimulating investment in local economies. Our approach is unique. Our Small Business Advising and Lending programs help local economies thrive by connecting entrepreneurs to the expertise and capital they need to grow their businesses. At the macro level, PCV InSight — our impact investing consulting practice — conducts research and evaluation so that investors and policymakers can more effectively deploy large pools of capital to underserved communities in ways that create social good. Our approaches are scalable and create systemic change — yet are implemented in ways that are relevant to particular local economies — a truly “think globally/act locally” philosophy.

Position Summary:

We are seeking a Program Manager to join our team as part of our innovative small business advising program. PCV’s BusinessAdvising.org business accelerator continues to scale and we are looking for a talented individual to help shape the future of this program with a keen eye on flawless execution. We work with business owners and volunteer advisors across America, and partners like Super Bowl, Capital One, Charles Schwab, eBay, PayPal and more to deliver on our brand promise. We combine technology and high touch; leveraging our advanced matching algorithm and SaaS platform along with personal interactions to achieve our mission. 2017 is on pace to become another record year in terms of growth and participant satisfaction, and we are looking to continue building on that success in 2018 and beyond.

Responsibilities:

  • Own the program participant experience from initial sign-up and beyond
  • Lead the onboarding process for small business owners and pro-bono advisors
  • Manage the matching process between advisors and entrepreneurs to meet program benchmarks and maintain program quality
  • Work to further develop and scale the program to create sustainable businesses and jobs for economically disadvantaged communities
  • Identify capacity building opportunities, increase programmatic efficiencies and processes to help scale all while improving the quality of the participant experience
  • Deliver quality programming through matching, events and education for entrepreneurs and advisors that reach a growing national audience and develop community within current program participants
  • Lead the execution of signed partnership agreements
  • Represent the organization at local events for partners, government, and others
  • Opportunity exists to build and manage part-time staff and intern(s)

Requirements:

  • Minimum five (5) years of work experience
  • Bachelor’s degree
  • Familiarity with business terminology
  • Outstanding time management and ability to multi-task
  • Self-starter willing to take initiative, but also works well in a team
  • Solution oriented and embraces working in a dynamic environment
  • Spanish language skills a plus
  • Interest in economic development, community development and/or entrepreneurship
  • Past experience might include: recruiting, inside sales, small business support, volunteer engagement, community building, education/resource development, scaling programs and/or online and offline events

Compensation:

Competitive with excellent benefits for full-time employees including: health and dental insurance, paid time off and holidays.

How to Apply:

To apply for this position, send a resume and cover letter to: HR@pcvmail.org. Please include the title of Program Manager, Business Advising in the subject of your email.

We aim to be a diverse and inclusive place to work. We value new perspectives, original ideas and different ways of working. We believe that diverse views and experiences improve the way we do our work. PCV is an equal opportunity employer; applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law.

Data and Reporting Analyst Pacific Community Ventures
San Francisco, CA
Job Function: Research and Analytics
Posted: July 11, 2017

Background:

Pacific Community Ventures envisions an economy that works for everyone. For almost two decades, our programs have helped people achieve the American Dream by creating quality jobs and stimulating investment in local economies. Our approach is unique. Our Small Business Advising and Lending programs help local economies thrive by connecting entrepreneurs to the expertise and capital they need to grow their businesses. At the macro level, PCV InSight — our impact investing consulting practice — conducts research and evaluation so that investors and policymakers can more effectively deploy large pools of capital to underserved communities in ways that create social good. Our approaches are scalable and create systemic change — yet are implemented in ways that are relevant to particular local economies — a truly “think globally/act locally” philosophy.

Position Summary:

We are seeking a Data and Reporting Analyst to join our team as part of our innovative small business advising program. One of our key differentiators is our ability to collect and report data to funders, partners and clients. We are looking for a talented individual to advance our organizational capabilities, keeping us on the cutting edge of our industry.

PCV’s BusinessAdvising.org business accelerator continues to scale and add depth to the participant experience. We work with business owners and volunteer advisors across America, and partners like Super Bowl, Capital One, Charles Schwab, eBay, PayPal and more to deliver on our brand promise. We combine technology and high touch; leveraging our advanced matching algorithm and SaaS platform along with personal interactions to achieve our mission. 2017 is on pace to become another record year in terms of growth and participant satisfaction, and we are looking to continue building on that success in 2018 and beyond.

The primary responsibilities of the Data and Reporting Analyst are oversight of data reporting systems, report generation for internal and external purposes, and contributing to the overall success of the program.

Responsibilities:

Data and Reporting

  • Provides data on a monthly, quarterly, bi-annual, and annual basis for reports to funders, partners and clients
  • Generates reports to program leadership for grants management purposes, client proposals and responds to additional data requests from throughout the organization
  • Builds dashboards and reporting capabilities in a recently acquired business intelligence toolWorks closely with program leadership to design and develop custom reports for quality assurance and performance management
  • Writes regular participant success stories based on interviews and collected data points
  • Engages with program leadership, Development, Marketing and other departments to ensure timely and accurate reporting

Programmatic Responsibilities

  • Participates in onboarding small business and advisors
  • Serves as auxiliary staff for making advising matches during peak times
  • Identifies speaking opportunities for program leadership and spearhead local event attendance/tabling
  • Supports business development by creating lists of potential clients and participating in initial virtual outreach
  • Creates content and build program’s bi-weekly newsletter
  • Other duties as assigned

Requirements:

  • 2+ years professional experience with databases and data reporting required, preferably in a community-based nonprofit, or program evaluation setting
  • Bachelor’s degree
  • An outstanding writer and communicator who is comfortable reaching out to funders and organizations as well as representing the program at events
  • Advanced MS Excel skills, experience with GROW a plus
  • Ability to manage multiple concurrent projects
  • Demonstrated ability to learn quickly, be self-directed, and take initiative
  • Outstanding time management and ability to multi-task
  • Self-starter willing to take initiative, but also works well in a team
  • Solution oriented and embraces working in a dynamic environment
  • Must maintain a sense of humor
  • Interest in economic development, community development and/or entrepreneurship

Compensation:

Competitive with excellent benefits for full-time employees including: health and dental insurance, paid time off and holidays.

How to Apply:

To apply for this position, send a resume and cover letter to: HR@pcvmail.org. Please include the title of Data and Reporting Analyst in the subject of your email.

We aim to be a diverse and inclusive place to work. We value new perspectives, original ideas and different ways of working. We believe that diverse views and experiences improve the way we do our work. PCV is an equal opportunity employer; applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law.

Loan Associate The Northern California Community Loan Fund
San Francisco, CA
Job Function: Lending/Loan Operations
Posted: July 7, 2017

Background:

The Northern California Community Loan Fund (NCCLF) was founded in 1987 to create a socially responsible investment vehicle to provide capital and expertise to revitalize low-income communities.  NCCLF has grown into a $60 million intermediary nonprofit organization that provides loans, New Markets Tax Credits, consulting, and technical assistance to groups that develop low-income housing, community facilities, essential health and human services, nonprofit enterprises, and solutions to the critical issues facing the nonprofit sector.  For more information on our programs and services, please visit our website at www.ncclf.org.
 
NCCLF has historically provided loans and NMTC financing primarily to nonprofits, alternatively structured enterprises such as co-ops, and food-related businesses throughout the 46 northernmost counties of California.  Our borrowers have made use of our financing to develop affordable housing, a wide range of community facilities, promote economic development and access to healthy foods, and provide working capital in order to make a difference in the lives of those who need help the most.  

Position Summary:

The Loan Associate will assist with the lending, monitoring and reporting operations for a highly successful community development financial institution.  Responsibilities will include documenting and closing commercial real estate, construction and working capital loans and lines of credit to organizations serving low-income communities in Northern California. The Loan Associate will also be responsible for Lending Department operations and monitoring functions to ensure compliance with terms and conditions of all loans including preparing and maintaining lending records and reports.  NCCLF currently has a loan portfolio of approximately 70 borrowers with aggregate outstanding balances of over $45 million, and a New Market Tax Credit (NMTC) portfolio of over $158 million, covering seventeen projects. 

The position requires a highly motivated person with a background in commercial real estate or small business lending operations.  The ideal candidate is also someone who understands the unique needs of nonprofit human service providers, affordable housing developers, or healthy foods enterprises.  The candidate must be a self-starter, have the demonstrated ability to accurately and efficiently work on several tasks simultaneously and have superior written and verbal communication skills.  Finally, the candidate should enjoy working in an active and expanding nonprofit and thrive in a friendly, cooperative, and fast-paced environment

Responsibilities:

Loan Documentation and Closing (40%)
  • Coordinate closing and funding process in conjunction with the other Loan Associates and Manager of Loan Administration, Loan Officers, borrowers, outside legal counsel, title officers and related parties
  • Document commercial real estate loan transactions (including construction loans and New Markets Tax Credit loans) from commitment to funding in a timely manner
  • Review title reports, escrow instructions, loan documents, surveys, environmental, property condition reports, insurance and other exhibits ensuring no losses as a result of improper closing procedures
  • Ensure compliance with all loan requirements, commitment and approval conditions
  • Anticipate and effectively manage closing problems by identifying and recommending solutions to meet the needs of NCCLF and our borrowers
  • Ensure files are kept organized, maintaining an audit trail of all closing steps
Lending Operations (40%)
  • Communicate effectively with borrowers and serve as one of the primary points of contact for loan closing and post-closing 
  • Review and process funding disbursement requests, ensuring proper documentation and compliance with loan conditions.
  • Collect  quarterly financial statements and reporting documentation and assist in determining financial condition, credit-worthiness and project compliance for all borrowers
  • Monitor compliance with credit policies covering risk management and participate in quarterly monitoring and loan loss reserve meetings 
  • Maintain working knowledge of loan policies and protocols
  • Work closely with Finance Department to ensure correct accounting for all loans 
  • Effectively track, analyze, communicate, and make recommendations to address loan delinquencies 
  • Maintain post-closing credit and monitoring of original documents and electronic files
  • Prepare and maintain Lending Department operations and activity reports
  • Maintain the loan portfolio management system and related databases
Social Impact, Compliance & Reporting (10%)
  • Work with Finance and other staff to prepare annual and quarterly reports to the CDFI Fund and multiple other funders and investors
  • Work collaboratively with other departments to manage information, reporting and document preparation for various internal and external needs include funding requests, grant reports, annual audit, securities permit application and compliance with investor covenants.
Other duties as assigned (10 %)
  • Assist or lead ad-hoc projects as assigned that may include industry research, product development, operational efficiency, compliance and reporting systems protocol, social impact tracking development, funding applications or policy analysis 

Requirements:

Minimum Required Qualifications
  • Undergraduate degree in business, finance, economics, accounting or related field
    Minimum of two years of commercial real estate or small business loan operations experience with a demonstrated expertise in loan closing and monitoring, preferably in the field of community development lending
  • Must demonstrate a high level of attention to detail and commitment to accuracy
  • Excellent communication and organizational skills
  • Superior judgment and prudent decision making abilities
  • Financial analysis and database skills (e.g. Salesforce) with a demonstrated proficiency in MS Office Suite
  • Demonstrated ability to consistently multi-task and manage a varied and occasionally intense workload 
  • Exhibit a high degree of professionalism demonstrating accuracy, timeliness, and teamwork
  • Ability to build relationships internally and externally and elicit confidence by demonstrating reliability and professionalism 
  • Strong team player and ability to work effectively in a cooperative and diverse environment
  • Enthusiasm, entrepreneurial spirit, and a strong commitment to work in community development
  • Ability to develop strong relationships with clients and other stakeholders.
Desired Qualifications, Skills and Experience
  • Understanding of and experience with affordable housing development, nonprofit community facility construction, and asset management
  • Familiarity with real estate loan documents and basic legal term
  • Understanding of and experience with either the New Markets Tax Credit program or Healthy Foods access.
  • Knowledge and experience with nonprofit community-based organizations 
 
Relationships
  • Position reports to the Manager of Loan Administration; communicates regularly with borrowers and clients; attends and participates in Loan Committee meetings; interacts extensively with the lending team and staff/management in other NCCLF departments; and represents NCCLF to outside constituencies.
Job Context
Position is pivotal to the success of the Lending and Finance Departments and operates in a collaborative, cooperative, team environment.  Workload will vary requiring flexibility with time. Outside and evening meetings are occasionally required.  
 
Hours and Location
  • Full-time position
  • Work hours will be predominantly during regular business hours, although occasional evening or weekend hours will be required.  A flexible schedule can be accommodated.
  • Worksite will be based within the offices of NCCLF in San Francisco

Compensation:

Competitive nonprofit salary range depending upon experience, plus an excellent benefits package including health, dental, retirement plan and three weeks’ vacation.  

NCCLF is an equal opportunity employer; people of color and women are strongly encouraged to apply.

How to Apply:

To Apply:  Send resume and cover letter (Attn: Loan Associate Search) via fax to 415-392-8216 or email to info@ncclf.org. Application Deadline: Open until filled.

 

Community Lending Consultant Federal Home Loan Bank of San Francisco
San Francisco, CA
Job Function: Finance
Posted: July 5, 2017

Background:

The Federal Home Loan Bank of San Francisco helps meet the borrowing needs of communities by providing wholesale credit products and services to member financial institutions. The Bank is privately owned by its members, which include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. We are part of a network of 11 regional Federal Home Loan Banks chartered by Congress in 1932 to provide low-cost credit to residential housing lenders. 

We make credit available so local financial institutions can make home mortgage, commercial real estate, small business, and other loans. We also support affordable housing and economic development through partnerships with local communities. As part of this effort, we contribute 10% of our income to the Affordable Housing Program, which provides grants to create affordable housing for lower-income households.

Position Summary:

Consult and provide expertise on the Affordable Housing Program (AHP) set-aside and other community lending programs to Bank management, members, prospective members and community organizations as required. Perform disbursement reviews of the AHP set-aside programs.  Provide technical assistance to support member’s and community organizations, and support the department‘s goal of having no significant adverse examination findings.

Responsibilities:

  • Coordinate the application process for the AHP set-aside programs and the AHEAD program, including application package revisions, website updates, and application in-take and processing.
  • Review AHP set-aside and AHEAD disbursements to ensure compliance with regulatory requirements and Bank guidelines. Maximize process efficiency, work quality and proper record entry in IRIS database as well as for record retention.
  • Provide operational and administrative support for the Bank’s Community Lending Plan, including support for the AHEAD program.
  • Provide technical assistance to members and community organizations on the AHP set-aside programs.
  • Organize, manage and deliver AHP set-aside workshops and webinars to members and local and regional community organizations.
  • Represent the Bank at conferences, workshops and meetings including the preparation and presentation of material, if required
  • Provide support on all aspects of testing, data validation, and data reporting from IRIS database, including semi-annual Finance Agency reporting. Produce reports as required. Assist operations team with month-end, Board and ad hoc reporting.
  • Maintain and manage AHP set-aside defect’s list in Quality Center. Coordinate with IS to ensure resolution of pending issues, maintenance, and quality validation of data.
  • Coordinate with Marketing Department and implement all aspects of web updates for the AHP set-aside programs, AHEAD program, and the Calendar of Events.
  • Track and process sponsorship requests and maintain records.
  • Assist with research and preparation of Board, Advisory Council and ad hoc reports.
  • Assist AVP, Community Lending in other tasks as needed.
  • Assist in other Community Investment Department projects as needed

Requirements:

  • Bachelor’s Degree in Public Policy, Business, a related field or equivalent work experience, is required.
  • Minimum three years experience in community investment, program development and administration or public policy is required. Familiarity with AHP regulations, established guidelines, policies and procedures is highly desired.
  • Excellent presentation, verbal and written communication skills, as well as strong analytical and problem solving skills are required.
  • Must be able to comfortably interface with all levels of customers, both internal and external.
  • 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 ability to interface with all levels of customers, both internal and external.
  • Ability to operate PC-based software and/or automated database systems required (e.g., Microsoft Office Suite).
  • Ability to analyze, apply, interpret, and communicate policies, procedures and regulations effectively.

The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.

Compensation:

Competitive salary, excellent benefits.

How to Apply:

Email: callista@fhlbsf.com

 

Consultant-Financial Services Religious Communities Investment fund
Oakland, CA
Job Function: Lending/Loan Operations
Posted: June 30, 2017

Background:

The Religious Communities Investment Fund (the Fund), based in Oakland, CA,  is a coordinated effort of various Catholic Religious Congregations who believe, as Gospel people, that they are called to use their financial resources as a ministry to assist in overcoming social and environmental inequities.  The Fund is a portfolio of loans in projects consistent with the Gospel mission of economic justice for all.  The investments benefit the economically poor; especially women and children, concentrating on those who are unserved or poorly served through traditional financial sources.

Position Summary:

The consultant for financial services will assist with the monitoring and underwriting operations of the Fund.  Responsibilities will include performance reviews of loans and underwriting of loans on a case-by-case basis as well as providing back-up for loan management and accounting systems.  
 
The position requires a background in financial analysis. The ideal candidate is also someone who understands the unique needs of the nonprofit sector, particularly nonprofit community development organizations.  The candidate must be a self-starter, have the demonstrated ability to work accurately and efficiently and have superior written and verbal communication skills.  Finally, the candidate should enjoy working alone and have access to a secure internet connection and computer.

 

Responsibilities:

  • Review annual and quarterly financial statements and reporting documentation and assist in determining financial condition, credit-worthiness and project compliance for all borrowers
  • Maintain working knowledge of loan policies and protocols
  • Provide back-up for the loan portfolio management and accounting systems
  • Assist with underwriting on a case-by-case basis

Requirements:

  • Undergraduate degree in business, finance, economics, accounting or related field 
  • Minimum of two years of experience, preferably in the field of community development lending 
  • Must demonstrate a high level of attention to detail and commitment to accuracy 
  • ]Excellent communication and organizational skills 
  • Financial analysis and database skills with a demonstrated proficiency in MS Office Suite
  • Experience with Quickbooks desirable 

Compensation:

  • 10-20 hours per month. Flexible schedule.
  • Worksite will be based at home with visits to main office I Oakland, CA once or twice monthly.
  • Hourly rate depends upon experience and ranges from $75-$135 per hour.
  • Consultant is an independent contractor

How to Apply:

Send resume and cover letter to Corinne Florek, O.P. at jolt1@sbcglobal.net.  

Pages

Printer Friendly and PDF