Shining a light on an impact investing niche

A new web portal has been launched that offers investors a clearer entry into the world of community development finance institutions (CDFIs.)

CDFIs comprise a niche inside the impact investing realm, usually consisting of unregulated loan funds devoted to funding local businesses and non-profits. While there is growing interest in these entities, whose funded programs can range from solar power for affordable housing to financial services for immigrants, they operate mostly under the radar of analysts and can be a baffling market to assess.

To help investors explore the hundreds of funds that operate in the niche, the rating service formerly known as the CDFI Assessment and Rating System (CARS) this week rebranded itself and launched Aeris Cloud, an online portal that offers data and analytics on the financial performance and social impact of these community investments. Among other things, the portal includes a “CDFI Selector” that enables investors to search by impact area (women, food, healthcare, etc.) as well as various tools to compare CDFIs with one another.


To read the rest of the story, go here:
www.fa-mag.com/news/shining-a-light-on-an-impact-investing-niche-18284.html

For more info on Aeris (formerly CARS), see my prior story here:
www.fa-mag.com/news/a-go-to-place-where-advisors-can-evaluate-nonprofit-loan-fund-12679.html

Managing Director, Strategic Initiatives and Programs position, NYC or San Francisco

LOW INCOME INVESTMENT FUND

            Managing Director Strategic Initiatives and Programs


   Location:  New York or San Francisco

   Reports to: COO, EVP Community Investment Programs

   Exempt classification:  Exempt

   Status:  Regular, full-time


   THE COMPANY

   The Low Income Investment Fund (“LIIF”) is a national non-profit
   Community Development Financial Institution (“CDFI”) investing capital
   and providing technical assistance to community organizations serving
   low income people and communities. LIIF is dedicated to creating
   pathways of opportunity for low income people and communities. Its
   overarching mission is poverty alleviation by investing capital for
   healthy communities and families. LIIF is a capital solutions
   organization, building bridges between private capital markets and the
   places where low income people live.

   Since its founding in 1984, LIIF has invested over $1.5 billion in
   capital for community development projects that have served over a
   million people. LIIF’s investments have leveraged $7.5 billion in
   additional private capital, producing social impact with a monetary
   value of $35 billion.  By all measures, LIIF’s capital strategy has
   reached significant scale and delivers a substantial social return on
   investment.

   LIIF’s work is guided by its programs and program strategies. Currently
   there are five priority programs—housing, early learning, education,
   Transit Oriented Development (TOD) and health, with green development as a cross-cutting theme.  These areas are key levers in addressing poverty and require LIIF’s core competence, i.e., capital and finance.
   They support an integrated view of what it takes to create healthy
   families and communities.  LIIF’s roots are in lending for affordable
   housing projects. Indeed, the organization was founded as the Low
   Income Housing Fund. Today, housing comprises about a third of LIIF’s
   activities; with the balance in the other four priority areas described
   above.

   LIIF operates nationally, but focuses its work in three core market
   areas: California, New York, including parts of New Jersey and
   Connecticut, and the Washington D.C. metropolitan area, including
   Maryland.  Recently, LIIF has expanded its geographic reach into
   several non-Core markets, including Rhode Island, Tennessee, the
   Pacific Northwest and parts of Texas.  LIIF is a steward for capital
   invested in affordable housing, childcare, education, and other
   community initiatives. Today, LIIF manages assets of over  $500
   million, of which approximately $200 million is on balance sheet.  For
   example, LIIF administers a $30 million capital pool for New York State
   and the Urban Investment Group of Goldman Sachs to support New York’s Healthy Foods Healthy Communities Program. LIIF also manages the $50 million Bay Area Transit Oriented Affordable Housing Fund on behalf of three foundations, five CDFIs, the Bay Area Metropolitan Transportation Committee and Citigroup and Morgan Stanley.  For the fiscal year ending June 30, 2014, LIIF’s lending activities totaled $190 million.  LIIF is also a seven time New Market Tax Credit allocatee, with a total allocation of $313 million.

   LIIF operates with a 72-member staff with offices in four locations:
   its headquarters in San Francisco and offices in New York City, Los
   Angeles and Washington, D.C.  LIIF is governed by a prominent Board of Directors, drawn nationally from the banking industry and the national
   housing development and policy fields. More information on LIIF can be
   found at [1]www.liifund.org.


   POSITION SUMMARY:


   Under the guidance of the COO, the Managing Director (MD) will provide leadership to LIIF’s existing programs and also lead innovation efforts in the development of new programs and initiatives.   Existing
   programs include housing, education, childcare and health (fresh food
   and community health clinics) and transit oriented development.  In
   some cases, for example childcare and fresh food in New York State, the MD will have dedicated staff in place to manage the program.  In other cases, for example housing and education, the MD will partner with
   Market Directors and others in the organization for program development and delivery.  Given that most of LIIFs programs are rooted in capital deployment, the MD will be required to have some experience in capital structuring and deployment.   The TOD program will continue to be managed by the SVP Strategic Development and Corporate Affairs (SVP SDCA) and so is not the direct responsibility of the MD, but the MD
   will work collaboratively with the TOD Program Director.


   The MD, working closely with the Executive Team, also plays a
   leadership role in the development and execution of new programs and
   initiatives as well as replicating successful initiatives across
   geographies. The MD will take a lead in developing relationships and
   partnerships with key external stakeholders in relevant program
   arenas.   The MD is also responsible for supporting the COO in the
   overall strategic leadership of LIIF’s Community Investment Programs.


   The MD will also pay a role in fund development associated with new and existing programs.  There is the expectation that the MD will raise
   funds to cover half of his/her costs on a fully loaded basis. The MD
   will work closely with the COO and SVP SDCA on these activities.


   REPORTING RELATIONSHIP


   The MD reports directly to the COO and the position is national in
   scope.  Reporting to the MD is the Director, California Child
   Development Programs.


   ESSENTIAL FUNCTIONS:


   Innovation/Development of new programs and strategic initiatives:
   Working closely with the COO, the MD will be responsible for
   identifying new potential strategic initiatives, partnerships and
   programs. This will require the MD to successfully “connect the dots”
   between LIIF’s existing Corporate Investment Programs (CIP) platform,
   current strategic thinking at the top of the organization, and where
   momentum is starting to build in the community development field.  This
   is challenging and not all proposed initiatives will move forward.
   LIIF has an established process for managing innovation and the MD must be able to work effectively across the organization in a collaborative
   fashion.   The MD will also partner closely with the SVP of National
   Markets and Capital Solutions, who will generally take the lead on
   capital deployment activities and loan product development associated
   with new initiatives and programs.


   Management of existing programs and strategic initiatives: The MD is
   responsible for managing LIIF’s existing program areas, including
   Housing, Education, Childcare, and Health (Fresh Foods and Community Health Clinics).  The MD is also responsible for overall management of existing strategic initiatives which for example currently include Partners in Progress and Citi Gardens.  This includes developing
   strategic goals for each program area and managing the program to
   achieve those goals. The MD will also represent LIIF externally with
   respect to our programs and be required to articulate our programmatic
   vision.  The MD will develop and manage relationships with key
   stakeholders and partners in each program area. These may include other CDFIs,  banks, foundations, local, state and federal government
   agencies, and other specialists in the relevant field.  There may also
   be capital raising and fundraising needs associated with existing
   programs, in which case the MD will work closely with the COO, the SVP SDCA, and the CFO and CAO.  The TOD program will continue to be managed by the SVP SCDA.


   Financial Accountability:  The MD will be fully accountable for the
   operating results of assigned program initiatives nationally.  This
   includes bottom line performance, revenue and expense management; and relevant goals contained in both the CIP Annual Wok Plan and LIIFs
   Strategic Plan.   This also includes working with the COO and Corporate Finance staff to create annual program budgets.


   Policy:  Working with the Managing Director of Federal Policy and
   Government Affairs and the SVP of SDCA, the MD may provide direction, input, guidance and support on local, state and national legislative and policy initiatives relating to LIIF’s program activities.


   Capital Raising: The MD may be called upon to raise capital to support
   specific programs and funds.   This should be done in close
   coordination with the COO and the CFO and CAO and the Corporate Finance department, which has company-wide responsibility for overall capital raising.  An example of this would be raising capital funds for the
   Collaborative for Healthy Communities, a program fund which closed in
   December 2013.


   Fund Raising:  Working closely with the SVP SDCA and the COO, the MD will be actively engaged in raising grant support for existing programs
   as well as new strategic initiatives.


   Candidate Qualifications / Experience


   Experience:           Minimum of 15 years of progressive experience in
   the community development  field and/or one or more of LIIF’s program
   areas.


   Education:             Undergraduate degree is required.  A Master’s
   degree in business administration, finance, real estate, community or
   economic development, or a related programmatic field (for example a
   MPH)  is helpful, although does not replace the need for career
   experience in this position.


   Other:                    Material domestic travel will be required

   The successful candidate will have the following career experience:

   ·         A minimum of 15 years of experience as a community lender,
   with significant direct experience on the transaction side of low
   income housing and/or community facilities. In the housing field, this
   would include significant experience and technical knowledge of the
   various public subsidy programs. This person will ideally have worked
   with both nonprofit and for profit borrowers.

   ·         The person should have a minimum of four years of supervisory
   and leadership experience.  Proven leadership, with history of
   successfully managing, motivating, developing and coaching of staff.

   ·         Demonstrated history of innovation and conceptual ability to
   develop new program ideas, spot market opportunities, and the
   drive/motivation to grow the profile of LIIF through its program
   areas.

   ·         Ideally, this person should be a substantive and visible
   presence in the community development field.

   ·         This person will have some experience with capital
   structuring and managing a P&L.  .

   ·         This person will have strong external relationship skills to
   lead LIIF’s programs as needed.

   ·         This person will be a strong internal leader with the ability
   to develop and implement a program from a set of consistent policies
   and procedures.


   The successful candidate will have the following personal attributes
   and characteristics:

   ·         Demonstrated mastery of management techniques and skills
   necessary for a flexible and evolving organization.

   ·         Strong, entrepreneurial leadership and business development
   skills, to grow the profile and level of operations of the offices.

   ·         Demonstrated ability to collaborate with others, to lead,
   motivate and obtain consensus from individuals, groups, organizations
   and agencies.

   ·         Balances a hands-on approach with strong ability to delegate.
   Does not lose control of the details, timeline and performance of
   projects under his/her purview. Has strong time management skills and
   ability to direct and motivate others and a talent for coordinating
   work in a way that respects deadlines is required.

   ·         Ability to think creatively, conceptualize ideas as well as
   implement and manage programs and plans.

   ·         Comfortable with performance and accountability-based
   management.

   ·         The successful candidate will be known for his/her high level
   of integrity, honesty and respect for others in both their personal and
   business relationships.

   ·         Strength of character and flexible style to work successfully
   with a range of people, from peers, staff, the CEO, Board members,
   investors and other outside professionals. Has the personal presence to
   deal effectively and independently with these constituencies.

   ·         Effective written and oral communication skills.  Excellent
   presentation skills. Thoughtful listener. Direct and open communication
   style.

   ·         Must have a genuine commitment to LIIF’s mission. Must be
   comfortable in a nonprofit organization. Must bring an intensity and
   best-of-breed business approach to the organization that might be more
   typical in a for profit organization.



HOW TO APPLY:

Forward cover letter (including salary expectation & history) with resume to:

   Human Resources

   Low Income Investment Fund

   100 Pine Street, #1800

   San Francisco, CA 94111

   Or

   Email: [2]careers@liifund.org

   Fax: 415-772-9095


   All qualified applicants will receive consideration for employment
   without regard to race, color, religion, sex, national origin,
   disability or protected veteran status.

Announcing Awardees Of The First-Ever Small Business Leader Awards For Mission-Driven Lenders

New Goldman Sachs and Surdna Foundation Program Awards $100,000 to Lenders in NY and CA for Excellence in Service to Underserved Communities

DENVER, CO, October 16, 2014 — Today, Goldman Sachs 10,000 Small Businesses, The Surdna Foundation, and Opportunity Finance Network awarded $100,000 in grants to two mission-driven financial institutions for excellence in small business lending. The New York Business Development Corporation (NYBDC), the first-place winner, won $75,000 for the breadth and depth of its small business lending activities in New York, and Opportunity Fund, the runner-up, won $25,000 in recognition of its innovative small business lending products in California.

The Small Business Leader Award for Mission-Driven Lenders (SBLA) is the first-ever award to recognize innovation, growth, and excellence in financial performance and impact in small business lending among community development financial institutions (CDFIs) and other mission-driven lenders.CDFIs are community lenders that are 100% dedicated to delivering responsible, affordable lending to low-income, low-wealth, and other disadvantaged people and communities. The award is a collaboration among Goldman Sachs 10,000 Small Businesses, the Surdna Foundation, and Opportunity Finance Network.

The SBLA Selection Committee awarded $75,000 to NYBDC for the size and scope ofits robust portfolio of programs, partnerships, and products serving low-income borrowers, people of color, women, immigrants, and other underserved markets across New York State. In 2013, NYBDC made $283.5 million in loans to 410 businesses creating and/or retaining 8,000 jobs. NYBDC is one of the country’s top mission-driven U.S. Small Business Administration (SBA) lenders, with a total managed portfolio of more than $1.2 billion in loans.

“NYBDC is advancing the economic welfare of the State of New York by making loans to growing small businesses. These loans help the businesses increase their revenues and create jobs,” said Esta Stecher, CEO of Goldman Sachs Bank USA. “NYBDC is the first of many innovative small business lenders that we will celebrate in the coming years. The Award is part of our ongoing commitment to help small businesses grow and to shine a light on those lenders that exemplify innovation and excellence.”

NYBDC was one of 36 high-performing, mission-driven lenders nominated in the inaugural year of this national awards program. The size of the pool of strong nominees reflects of the importance of an awards program of this kind whose goal is to increase visibility of small business lenders and to showcase successful programs.

“We are deeply honored to receive the first Small Business Leader Award for Mission-Driven Lenders, as well as to be selected from a group of such amazing and impactful community lenders,” said Pat MacKrell, President and CEO of NYBDC. “For us, this award not only recognizes our achievements, but also supports our ongoing commitment to make a deeper impact in the diverse communities we serve, where our capital and support are needed most.”

Phillip Henderson, President of the Surdna Foundation, said, "Businesses owned by people of color, women, and immigrants are a critical feature of a community’s economic landscape. When the conditions are right, they can grow and create jobs—and opportunities for advancement—in the very places that most need them. NYBDC’s investments are an acknowledgement of the promise of these small businesses as job creators and building blocks for increased economic activity.”

NYBDC’s mission is to assist, promote, and advance the business prosperity and economic welfare throughout New York State by providing loans to small businesses including start-up, early stage, and mature businesses with a particular emphasis on minority- and women-owned businesses. An example of its commitment to support minority businesses is MyCFO, a business acceleration pilot program pairing minority entrepreneurs with a seasoned business mentor to guide them through the small business loan process. It also manages the Brooklyn Loan Fund and Bronx Opportunity Fund, two new loan funds that focus on supporting minority, immigrant, and veteran-owned businesses.

image

The Small Business Leader Award for Mission-Driven Lenders also awarded $25,000 to Opportunity Fund, a California-based community development financial institution (CDFI). The Selection Committee chose to honor Opportunity Fund in recognition of its innovative products and sustained growth in small business lending. Its EasyPay loan product, for example, allows small business owners to repay loans automatically through daily credit and debit card sales. Opportunity Fund’s growth strategy also focuses on providing financing to the underserved target market of independent truck drivers.

Goldman Sachs 10,000 Small Businesses, The Surdna Foundation, and Opportunity Finance Network presented the awards at the OFN 30th Anniversary Conference in Denver, CO.

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Virginia Community Capital facilitates healthy food enterprises throughout Virginia

Virginia Community Capital facilitates healthy food enterprises throughout Virginia

In 2013,

Virginia Community Capital made a Clinton Global Initiative (CGI) America Commitment to Action to launch the Virginia Fresh Food Loan Fund (VFFLF) to facilitate healthy food enterprises in urban and rural communities throughout Virginia.  The prevalence of food deserts across Virginiaillustrates the fact that the state’s rural and urban communities often lack access to healthy, fresh…

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Org Plans

Board of Directors (~10? At least half of the seats must be ”’clients”’ to use client-service language)

  • Executive Administration
  • Development
  • Evaluation
CDFI
  • Personal banking services
  • Community development loan/capital fund
  • Worker cooperative loan support/investment
  • Land trust (ties to transitional housing below)
Health
  • Drop-In Clinic (Partnership with Chase Brexton? They’re moving away from the association with HIV and the gay.)
  • Behavioral health
  • Healthcare access navigation (connect to Legal)
  • Youth Housing (Ali Forney-ish model, purchase rowhomes as transitional/group housing, focus on self-determination but still with guidance staff)
  • Adult Housing (similar to above, but less staff-intensive)
  • Nutrition (partnership with Moveable Feast?)
Education
  • Youth support (affinity groups, after school programming, consciousness raising, legal services)
  • Adult education
  • (Partnership with GLSEN Baltimore)
Legal
  • (Partnership with Free State Legal)
Dogs

I recognize that there is a point where it is no longer a single org.

homolingual replied to your post:tbh, “”“a lot”“” of list could be cut out. like,…

there are ways to mitigate your costs as well like our city’s Center partners with graduate students who have completed their MFT coursework and need their field work hours. they work as counselors for free with a paid clinical supervisor over them.

yeah, but i think that, by far, the largest needs are in the CDFI, like you need enormous capital to do stuff like be a capital/loan fund.

Deutsche Bank Launches Program to Support Community Development in Underserved U.S. Regions

Program Provides USD 2 Million in Low-Interest Loans

Deutsche Bank today announced the formation of the Community Development Financial Institutions (CDFI) New Partners Program, through the Deutsche Bank Americas Foundation (DBAF) and the Bank’s Community Development Finance Group (CDFG). The Program will deploy the Bank’s philanthropic resources for community development through high-performing nonprofit CDFIs in Appalachia, Maine, Puerto Rico, Texas, Virginia, and Wisconsin.

According to the Association of Neighborhood & Housing Development, the 22 largest banks in 2010 deployed approximately USD 8 billion in CRA-motivated loans and investments in New York City. This concentration of CRA resources stands in contrast to other parts of the United States that have seen a decline in local financial services and deposits due to consolidation in the financial services industry. There has been an increasingly uneven distribution of CRA investment between U.S. regions that domicile banks and areas where local savings and loans and thrifts are fighting to maintain market share.

"Supporting and financing underserved communities across the United States is a key initiative for us, and we’re proud of our work with the local CDFIs to achieve effective economic impact,” said Jacques Brand, CEO of Deutsche Bank North America, and Chairman of the Deutsche Bank Americas Foundation.

image

The CDFI New Partners Program has already deployed USD 2 million in low-interest loans to six organizations, including:

  • The Entrepreneur Fund, which provides business loans and development services to low-income borrowers in 10 counties in northeastern Minnesota and Douglas County in northwestern Wisconsin
  • A non-profit Affordable Homes of South Texas, Inc. that provides affordable home mortgages and home rehabilitation loans to Hidalgo County residents in south Texas
  • The Federation of Appalachian Housing Enterprises, a network of 53 Appalachian organizations that provide affordable quality housing in the country’s most economically distressed rural communities
  • The Genesis Fund, which finances the development of affordable housing and community facilities throughout Maine
  • Pathstone, which will use the loan to support agro-tourism projects in 10 municipalities in west central Puerto Rico
  • People Incorporated Financial Services, an organization that empowers low-income individuals in rural Virginia communities through business ownership, job creation and asset development

Over the past 10 years, Deutsche Bank’s CDFG has deployed USD 1.4 billion of loans and investments in the U.S. Find out more about the CDFG here: https://www.db.com/usa/content/en/1078.html

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Dir. of Lending and Training position, Philadelphia

 JOB TITLE:                            Director of Lending and Training


   REPORTS TO:                      President


   OVERVIEW: The Women’s Opportunities Resource Center (WORC) is a nationally-recognized not-for-profit organization headquartered in
   Philadelphia that promotes social and economic self-sufficiency
   primarily for women, minorities, and dislocated workers.  Its
   subsidiary, the Economic Opportunities Fund (EOF), is a certified CDFI
   which provides a wide range of financial products (microloans from
   $1,000 to $35,000). Our loan fund is capitalized at $950 thousand. To
   date, we have made a total of 458 direct loans totaling over $1.7
   million. In addition, we have packaged 45 loans totaling more than $4.4
   million as an intermediary for the SBA Prequalification Program. WORC
   is an SBA microlender and recently received a highly competitive CDFI
   grant and was one of ten organizations nationwide to receive the ORR
   Microenterprise grant for Microlending and training with refugees.


   Over the next two years, EOF looks to expand its market base and
   increase its loan volume and capital deployed. We are looking for a
   professional that is committed to meeting the needs of this underserved
   market, has demonstrated experience scaling a microenterprise
   organization and is comfortable with providing services to a diverse
   population, including refugees and immigrants.


   A strong background in micro and small business financing is desired.
   Individual should have existing contacts with local financial and
   economic development providers. Management experience is required.
   Experience with ACCION MMS is a plus.


   RESPONSIBILITIES:

   ·         Manages and grows the Direct Lending Program including staff
   and consultant supervision, program marketing, new product development, portfolio performance, asset/liability management, financial
   projections and assumptions, underwriting, loan servicing, collections,
   community partnerships and program evaluation.

   ·         Responsible for loan portfolio quality and performance.
   Ensures compliance with portfolio standards e.g. that PAR 90 day + is
   less than 12% and annual write-off below 9%.  Implements and monitors credit risk program including risk rating as well as identifying,
   measuring, controlling, monitoring the risks with periodic reporting to
   senior management and Board.

   ·         Coordinates and plans the Advisory Council and Loan Committee
   meetings by setting the agenda, preparing reports and documents, and
   conducting the meetings

   ·         Oversees training and TA services to ensure quality service
   and compliance with contract goals.

   ·         Responsible for grant compliance and reports as needed for
   funders, Advisory Council or Board of Directors.

   ·         Member of senior management team - develops and implements
   EOF business plan/marketing plan.

   ·         Fundraising and capitalization - writes grants and secures
   funding and assists with implementing WORC’s overall fundraising
   strategy.

   ·         Performs other related duties as required.


   Salary is competitive based on experience and applicable skills.
   Benefits include: vacation, paid holidays, health insurance and pension
   plan.  WORC/EOF is an equal opportunity employer and the board and
   staff value diversity in all aspects of employment. Interested
   candidates should send resumes to epdavid@earthlink.net.


Chief Lending and Credit Officer position, DC

Chief Lending and Credit Officer

                            Position Description


   Partners for the Common Good (PCG), a Washington DC-based national loan fund, is a thought and innovation leader within the Community Development Financial Institution (CDFI) industry.  In 2004, PCG  founded the CDFI industry’s first wholesale loan participation network that today has partnered with nearly 40 CDFIs across the United States and originated $50 million in participation transactions.  PCG is also leading the community development finance industry into the digital
   sector with the launch of its groundbreaking CapNexus platform.
   CapNexus is a platform that matches community development finance
   opportunities with sources of capital.  Today, CapNexus has 400+ users and $240+ million in posted transactions. Currently, PCG closes 18-20 transactions annually with goals to increase its lending by 25% over the next 3 years.  We are a leader in social impact assessment and
   public policy advocacy.  PCG’s work is pioneering and creates new tools and infrastructure for community development finance organizations to manage their portfolios & risk and grow their scale and impact.


   Founded in 2000, PCG’s mission is to promote economic justice for low
   income people and communities. We do this by partnering with CDFIs and socially motivated investors across the nation to serve borrowers that
   promote affordable housing, neighborhood revitalization, and healthy
   communities through support of day care, education, community health
   centers, human service providers, and others.  With offices in
   Washington DC, PCG has a national footprint.  Through its strong
   network of lending partners, it has reached borrowers in 32 states and
   the District of Columbia.



Major Responsibilities

   The Chief Lending and Credit Officer is a senior position.  The
   incumbent will oversee PCG’s lending and loan participation initiatives
   and play a key role in cultivating institutional investor participants
   and new lending partners.  The Chief Lending and Credit Officer will
   report to the Chief Executive Officer (CEO).  He/she will oversee a
   Portfolio Manager and a team of underwriting consultants that may be
   utilized.


   Duties:

   ·                     Supervise all aspects of PCG’s lending program
   and loan portfolio, including: (1) originating and underwriting new
   transactions; (2) monitoring, managing delinquent loans and work outs
   (as necessary); (3) administering portfolio composition to balance
   risk, and (4) meeting strategic plan goals.

   ·                     Conduct credit analysis and underwriting of loan
   requests and screen transactions for overall credit worthiness.

   ·                     Cultivate new business and proactively market
   PCG’s offerings to new and potential Lending Partners and borrowers.

   ·                     Productively communicate PCG’s lending criteria
   and requirements to lending partners.

   ·                     Broker and arrange loan participations and
   syndications among CDFIs, institutional and retail participants.

   ·                     Develop and maintain productive working
   partnerships with lending and investing partners.

   ·                     Implement criteria to screen and monitor
   originating lending partners.

   ·                     Manage internal program staff, contract
   underwriters, and volunteer Loan Committee members, including
   overseeing preparation of monthly Loan Committee packages, presenting requests to the Committee, and ensuring smooth functioning of meetings.

   ·                     Work with legal counsel and the Portfolio Manager
   to review participation agreements, contracts & notes, secure
   collateral and register liens necessary to close the loans.

   ·                     Supervise Portfolio Manager and his/her
   responsibilities including loan closings, maintenance of credit files,
   and loan servicing.

   ·                     Work closely with the Chief Financial Officer
   (CFO) to maintain adequate liquidity to meet strategic goals.

   ·                     Work closely with the manager of CapNexus to
   coordinate and enhance the growth of CapNexus as a tool for our Lending Partners.

   ·                     Serve as part of senior management team to
   strategically and operationally guide the organization.

   ·                     Design and implement new services to attract and
   retain participation partners.


Professional Characteristics

   PCG seeks a seasoned professional with an entrepreneurial spirit and
   strong commitment to mission, and following skills and experience:

   ·                     A solid track record (10+ years) in credit
   analysis and underwriting of real estate transactions.

   ·                     Exceptional business development and
   interpersonal skills.

   ·                     Strong portfolio management skills.

   ·                     Strong knowledge of and contacts within the CDFI
   industry.

   ·                     Experience in managing loan participations and
   syndications among multiple lenders is a strong plus.

   ·                     Experience in financing transactions with Low
   Income Housing Tax Credits and/or New Markets Tax Credits is a strong
   plus.

   ·                     Strong knowledge and contacts among banking and
   institutional investor sectors is a plus.

   ·                     Experience managing staff, consultants and
   volunteer loan committee members.

   ·                     A bachelor’s degree in a related field, such as
   business or finance; master’s degree preferred.


   Competitive salary, excellent benefits and a pleasant, challenging work
   environment.  PCG is an equal opportunity employer.


   For more information about the organization, please visit our website
   at [1]www.pcgloanfund.org.   To apply or to seek answers to particular
   questions, please contact David Erickson-Pearson, Erickson-Pearson
   Search, 8008 S. Madison Way, Centennial, CO  80122. Email:
   [2]epdavid@earthlink.net. Phone: 303-703-6165.

Finance Director position, Santa Cruz, CA

California FarmLink is seeking an experienced Finance Director to
   manage the finance, accounting, and related functions. Founded in 1999, California FarmLink is at an exciting inflection point. FarmLink has
   historically been a technical assistance provider and more recently
   launched a direct farm microloan program, became a CDFI (community
   development financial institution), and with a small staff, closed
   25-30 loans totaling $600-800K per year for the past 2 years.

  
   This is an existing position that reports to the Executive Director and
   manages one staff (Staff Accountant). This position is responsible for
   the oversight of the financial management of the organization.

   What You Will Do

    Leadership: Lead a small team to manage the financial and office
   infrastructure of California FarmLink, supporting Executive Director on
   fundraising and the financial aspects of grant reporting, and playing a
   role on the management team in building, motivating and retaining a
   strong team across the organization.

    Fiscal Management & Oversight: Manage all financial aspects of the
   organization, including fund accounting, financial reporting, budgeting
   and cash management. Oversee investment strategy and implementation.
   Manage the external annual audit and Finance Committee, as well as
   report to the Board on the financial health of the organization.

    Human Resources: Oversee the Human Resource functions of FarmLink that includes payroll, onboarding of new hires, assist the recruiting efforts and manage the benefits administration that includes health care, dental & vision plans and the retirement program.

    Office Infrastructure: Manage office infrastructure to centralize
   key elements for stability, efficiency and organization, such as IT and
   insurance. Internal collaboration is critical with the Access to Land
   Program, Loan Program and Fundraising.


   Qualifications & Profile

   The ideal candidate will have the following qualifications and
   background:

    8+ years experience in finance and/or accounting in a
   not-for-profit, community bank or other financial institution.

    5+ years experience as a leader in a Finance Manager or Director,
   Program Director or equivalent role that includes supervision
   experience and building great teams. Experience working with boards of directors is a plus.

    Demonstrated self-starter that can work independently, take
   initiative, and make hard decisions.

    Great communicator and team player.

    Fluency with Microsoft Office, Quickbooks and Google Docs.
   Familiarity with loan management software is a plus.

   Location, Travel, Compensation & Terms

   This is a full-time position, based out of FarmLink’s headquarters in
   Santa Cruz, CA. Salary range: $70,000- $90,000 depending on experience.

   California FarmLink offers a generous benefit plan, including health
   insurance after 60 days, retirement, and vacation. California FarmLink
   maintains a drug-free workplace and is an equal opportunity employer.


   How To Apply

   Please email a thoughtful cover letter explaining your interest in the
   position and organization, resume, and three references to Kelly at
   [1]cafarmlink.org. No phone calls please.

 

   Who We Are

   California FarmLink is a statewide nonprofit whose mission is to link
   independent farmers and ranchers with the land and financing they need for a sustainable future. For more info: [2]www.cafarmlink.org

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