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:

For more info on Aeris (formerly CARS), see my prior story here:

VP Strategic Communications position, Philadelphia

Job Announcement

  Job Title:      Vice President, Strategic Communications

  (Public Relations & Corporate Communications)

  Reports to: Executive Vice President, Strategic Communications

  FSLA:              Exempt

  Location:       Philadelphia, PA

  Company Summary:

  Opportunity Finance Network (OFN) is the leading national network of
  community development financial institutions (CDFIs) investing in
  opportunities that benefit low-income, low-wealth, and other
  disadvantaged communities across America. OFN Members are
  performance-oriented, responsible investors that finance community
  businesses, spark job growth in the areas that need it most, and
  deliver both sound financial returns and real changes for people and

  To learn more about OFN,

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

  Position Summary and Essential Functions:

  The Vice President, Strategic Communications (Public Relations &
  Corporate Communications) is a member of the Strategic Communications
  team and leads public relations, social media, and other news-making
  strategies to build the reputation and visibility of OFN and the CDFI
  industry. The VP oversees one Senior Associate. The VP will manage an
  external Public Relations agency, conduct media relations, coordinate
  interview opportunities, and write or oversee the creation of pitches,
  press releases, articles, and content for media placement, and/or OFN’s
  CDFI Connect mobile news platform, e-newsletter, and social media
  presence (e.g. Facebook, Twitter, LinkedIn, and others). This also
  includes developing strategic partnerships and cultivating new and
  existing relationships with reporters, editors, and key influencers in
  all forms of media and issue areas. Additionally, the VP liaises with
  OFN’s lines of business and Members to secure relevant data,
  information, and borrower success stories to be used in a variety of
  communications channels.

  The individual hired for this position will be committed to “making
  news” and will possess outstanding written and verbal English
  communication skills. They will be responsible for a variety of
  corporate communications, including copywriting, editing, and proofing
  the monthly company newsletter, the daily mobile news service, program
  strategy documents, and more. Additional project work includes
  providing support for awards programs, annual conference, and other
  efforts as assigned. Reports to and takes direction from Executive Vice
  President, Strategic Communications regarding all aspects of branding,
  marketing, and strategic communications.

  Responsibilities include but are not limited to:

  *        Collaborates with EVP, Strategic Communications to develop
  targeted media placement strategy, utilizing diverse PR tactics such as
  press releases, op eds, in person meetings, and events to maximize
  coverage and position OFN’s reputation, visibility, and role as the
  industry thought leader.

  a.    Leverage OFN’s diverse advocacy, consulting, research, branding,
  and strategic initiatives.

  b.    Leverage OFN’s partnerships and partner programs.

  c.    Feature OFN executives, OFN data, OFN Member stories, etc.

  *        Delivers significant visibility for the organization, our
  partners, and our Member CDFIs by identifying opportunities to drive
  content to top-tier and trade publications, as well as broadcast and
  online media outlets.

  *        Serves as day-to-day contact with influencers—media,
  bloggers, and opinion leaders—and develops ongoing relationships with

  *        Identifies timely story angles, crafting pitches, and pitching
  media directly and/or with agency support to secure coverage of OFN and
  the CDFI industry

  *        Copywriting, editing, and proofreading of press releases, op
  ed articles, and related materials

  *        Tracks moving stories in mainstream media, DC media, business
  media, and philanthropic media outlets.

  *        Liaises with communications staff of outside partners and
  public relations firms.

  *        Prepares for media interviews, including coordinating,
  scheduling, and follow-up, as well as liaising with internal lines of
  business for pertinent facts and data as well as Member organizations
  for relevant borrower stories, and fact-checking of articles and
  stories where appropriate


  *        Bachelor’s degree or 10 years experience in communications,
  public relations, marketing, journalism or a related field required;
  Master’s degree a plus

  *        Minimum 5 years demonstrated experience in a public relations
  role required, 7-10 years demotrated experience preferred.

  *        3 or more years supervisory experience required

  *        Professional experience representing financial services,
  community development finance, nonprofit, or membership organizations
  to diversity, mainstream, and trade media a plus

  *        Experience in political and/or issues campaigns preferred

  *        Experience at reaching diversity media outlets and crafting
  diversity messaging required

  *        Knowledge of marketing and communication practices and
  applications as well as familiarity with current online social media
  sources (e.g. Twitter, Facebook, blogging, other emerging technologies)

  *        Established media relationships with diversity, trade, and
  mainstream media outlets

  *        Excellent interpersonal skills, flexibility, and the ability
  to effectively interact with a diverse range of people in a manner that
  positively portrays OFN.

  *        Superior proven project management skills; excellent
  presentation skills; ability to convey complex information in a clear
  manner to a diverse audience

  *        Superior writing and editing skills, including high attention
  to detail

  *        Ability to prioritize and develop an effective work plan to
  manage multiple projects simultaneously

  *        Understanding of and commitment to communicating the need for
  equitable financial outcomes for communities of color and other
  economically marginalized communities

  *        Ability to work both independently and in team environment

  *        Ability to manage multiple tasks under minimal supervision in
  effective and efficient manner required

  *        Limited travel required

  *        Proficiency with MS Office Excel, Windows, PowerPoint;
  proficiency with MS Office Access a plus.

  *        No extraordinary physical requirements beyond ability to

  *        Job involves normal physical requirements for an office

  Salary Commensurate with Experience

  To Apply:  Send letter of interest, salary requirement and resume to:

  Search: Strategic Communications

  Opportunity Finance Network

  620 Chestnut Street

  Suite 572

  Philadelphia, PA 19106

  FAX: 215-320-4357


CFO position, OH


ECDI is one of the nation’s largest CDFI and SBA micro loan intermediary lenders serving all 88 Ohio counties, with offices in Columbus, Cleveland, Akron, and Toledo. ECDI’s mission is to invest in people to create measurable and enduring social and economic change. Since its founding in 2004, ECDI has assisted more than 4,000 business owners and helped create and retain 6,000 jobs through a comprehensive training, ongoing technical assistance and access to capital for small businesses. ECDI’s programs and services have been supported by over $52 million in federal, state, local and private funds and have helped to create jobs, increase access to capital, and spur local economic development.

The Chief Financial Officer conducts the budgeting, planning, forecasting, performance tracking and operational finance activities of ECDI. Responsibilities include guiding the development of annual operating plans, activity plans and budgets, assessing performance and financial outlook through monthly analysis and quarterly business reviews, providing critical analysis, monitoring compliance with activity plans and financial policies, and generally overseeing the financial functions for ECDI. CFO will be responsible to have a high level of understanding of the duties and tasks associated with every position in the fiscal area.

The Chief Financial Officer will have had a strong background in finance or accounting. This position will require an expertise at reading and evaluating key financial statements such as Cash Flow, P+L, Balance Sheet, and Future Projections. Work is performed under broad direction of the President and Founder/CEO with the majority of work performed independently. CFO will have mastery over all ECDI contracts as it pertains to allocating, billing and reporting.

Education and/or Experience - A minimum of a Bachelor’s degree in Accounting or Finance. CPA desired and other related degrees or certifications a plus. The successful candidate will possess a minimum of 5-7 years of high level financial management experience. Experience in a chief fiscal role within a lending institution and/or large non-profit organization, particularly a CDFI, is highly desirable. Experience with managing highly complex fiscal operations is also very desirable. Experience will have provided the successful candidate with strong project management tools, operational knowledge and prioritization skills. Demonstrated knowledge of accepted Financial Accounting Standards Board guidelines and practices.

Interested and qualified candidates please submit resume and salary history to:<>

Data/Research Analyst Associate position, Philadelphia

  Job Title:               Data/Research Analyst Associate, Knowledge

  Supervisor’s Title:  Vice President, Knowledge Sharing

  FLSA Status: Non-Exempt

  Location:  Philadelphia, PA

  Company Summary:

  Opportunity Finance Network (OFN) is the leading national network of
  community development financial institutions (CDFIs) investing in
  opportunities that benefit low-income, low-wealth, and other
  disadvantaged communities across America. OFN Members are
  performance-oriented, responsible investors that finance community
  businesses, spark job growth in the areas that need it most, and
  deliver both sound financial returns and real changes for people and

  To learn more about OFN,

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

  Position Summary and Essential Functions:

  The primary responsibilities of this position are to assist members of
  the Knowledge Sharing team in conducting quantitative and qualitative
  research on community development financial institutions (CDFI). The
  essential functions of the position are assisting with the following:
  implementation of online surveys and cleansing survey data; development
  of cleansing processes; the production of tables, charts, and figures
  for OFN publications; the production of OFN Member Peer Comparisons;
  responses to information requests from OFN staff as well as external
  parties; and research on topics requested by Knowledge Sharing team

  Position Responsibilities

  *        Coordinates the implementation of online surveys, including
  the annual OFN Member Survey

  *        Coordinates cleansing of survey data by reviewing Members
  audited financial statements and tracking of survey responses as well
  as assists with developing data cleansing process.

  *        Produces tables, charts and figures in conjunction with the
  VP, Knowledge Sharing for publishable reports including the annual Side
  by Side publication, OFN Member Peer Comparisons, Inside the
  Membership, , and annual Member reviews.

  *        Responds independently to information requests from OFN staff
  as well as external parties.

  *        Researches topics requested by Knowledge Sharing team members.

  *        Performs other activities as requested by Knowledge Sharing
  team members.


  *        Bachelor’s Degree or 5-7 years work experience; Master’s
  Degree a plus

  *        Proficient with MS Office Products, with 3 years experience
  and advanced mastery of Excel required

  *        1-3 years direct experience in quantitative research required;
  experience in qualitative research is highly beneficial

  *        Experience with online survey software such as Survey Monkey,
  Qualtrics and/or similar software required

  *        Experience with crosstabulation software is required;
  experience with Wincross is a plus

  *        Experience or volunteer work in nonprofit or small office
  environment a plus

  *        Strong knowledge of financial statements essential,
  understanding of non-profit financial institutions’ financial
  statements a plus.

  *        Knowledge of and commitment to community development is highly
  beneficial; interest in learning about the community development
  finance field is required

  *        Strong organizational skills, patience and attention to detail

  *        Strong analytical skills required

  *        Strong written and verbal communication skills required
  Superior interpersonal skills and ability to work well with diverse
  constituents is required

  *        Ability to work independently or in team environment is

  *        Ability to manage multiple tasks in effective and efficient
  manner required

  *        Limited travel required (<10%)

  *        No extraordinary physical requirements beyond ability to

  *        Job involves normal physical requirements for an office

  Salary Commensurate with Experience

  To Apply:  Send letter of interest, salary requirement and resume to:

  Search: Knowledge Sharing

  Opportunity Finance Network

  620 Chestnut Street

  Suite 572

  Philadelphia, PA 19106

  FAX: 215-320-4357


Sr. Underwriter position, Location Flexible

Summit Consulting, LLC
Senior Underwriters of Community Development Financial Institutions (CDFIs)

Summit’s Financial Services team designs and manages lending and capital deployment programs for Federal and state agencies, philanthropies, foundations, financial institutions, and mission-oriented financial intermediaries. Focusing on policy and mission objectives of our clients, we also provide due diligence advisory services that evaluate program compliance, impact, effectiveness, and credit-worthiness to lenders and guarantors. Our services extend into asset management and loan monitoring of simple structures to highly complex mission-aligned transactions. Summit experts and staff provide re-underwriting, due diligence, loan closings, and quality control activities for credits that range from $3 million to $500 million.

Summit is actively looking to recruit Senior Underwriters of Community Development Financial Institutions (CDFIs) for contractual work beginning in April 2015 through September 2015. Summit is hiring contractors to support an engagement with significant activity between May and September 2015.  Specific training for work on the engagement will be conducted in late February and March 2015 (dates are being finalized).  Trainings will be conducted in Washington, DC.  Contractors may work remotely on this project, but will be required to attend training(s) in Washington, DC.

Successful candidates will demonstrate over five (5) years in the successful underwriting and analysis of CDFIs for capital investment and a firm understanding of non-profit accounting.  Underwriting experience for project-level finance may additionally be required.

Contractors will be paid hourly rates commensurate with experience and must have established availability during the summer months.  Additional information will be provided after the review of submitted qualifications and a writing sample.  Contractors will work within the federal credit area of the firm.
Additional information about Summit may be found at<>.  Connect with us on Facebook<>, Twitter<>, and LinkedIn<> to learn more about our firm.
Interested applicants should submit materials for review by February 20, 2015. Resumes and writing samples should be sent directly to Jenny Dieterle in Summit’s Human Resources (<> ).

Dir. of Business Development position, NYC

Director of Business Development

Vital Healthcare Capital

New York City

Exciting leadership position at the forefront of social finance and health.

Vital Healthcare Capital (V-Cap) is an innovative social impact fund (CDFI) supporting quality care and good healthcare jobs in low-income communities across the U.S.


*         Provides catalytic financing to help great healthcare
organizations to grow and change in a rapidly evolving healthcare sector;

*         Focuses on better integrated and person-centered care, especially
for vulnerable populations: the elderly, at-risk youth, people with disabilities, and people with mental and behavioral health needs;

*         Prioritizes job quality for frontline healthcare workers, the
fastest growing category of jobs.

*         Provides flexible business and facilities loans, as well as
technical assistance on healthcare and workforce development, to healthcare providers and plans serving low-income communities.

V-Cap has support from an impressive consortium of foundations and financial institutions, has $25 million available for lending in 2015, and is poised to grow to a $100 million fund.  V-Cap launched in 2014 in conjunction with its first investment, a $10 million financing to scale a nationally recognized model of integrated care for vulnerable populations, and has a pipeline of similarly high impact projects under consideration.  Website:

Director of Business Development.  The Director of Business Development
(DBD) will be central to the organization’s success and growth.  This position is responsible for building the pipeline for V-Cap products and services; developing and maintaining V-Cap’s strategic relationships with healthcare organizations around the country; cultivating transaction opportunities where V-Cap’s capital can have high impact; and making V-Cap a valued strategic and financial partner to some of the most compelling healthcare organizations in otherwise underserved communities.  He/she will report to the CEO.

The DBD position is a rare opportunity for a highly energetic, creative and skilled professional to join a great team, and have high impact on the health and economic well-being of low-income communities.

Qualifications.  The successful candidate will demonstrate exceptional drive, aptitude for finance and healthcare knowledge, ability to develop and manage high-level relationships, and commitment to V-Cap’s mission.  This position requires initiative, creativity, attention to detail, management of multiple parallel workflows, and great people skills.  Candidate must be able to quickly assimilate complex information.  Strong written and oral communication skills are essential.  Some travel is required.

Qualifications should include 5+ years previous work experience in community development, healthcare finance or commercial lending, and/or healthcare policy or advisory services; an MBA or comparable degree is preferred.

V-Cap substantially serves communities of color, and candidates reflecting the communities served are encouraged to apply.

To apply: please submit your resume, cover letter and salary requirements to <> . For more information, please contact David Erickson-Pearson at Raffa, 303-703-6165, <> .