Position Summary and Essential Functions: This position is primarily responsible for evaluating new investments and assisting to manage OFN’s on and off-balance sheet portfolios. The Investment Officer will analyze debt and equity investment opportunities using loan portfolio and financial statement data and in-depth conversations with organizations’ senior management teams. Through attending conferences and events, he/she will develop relationships with OFN’s CDFI members and work across OFN’s teams to support OFN’s mission.
Prepare and present credit and financial risk analyses reports to OFN senior leadership and respective investment committees.
Analyze CDFIs’ financial statements, loan portfolios, lending policies and procedures, and strategies to determine the degree of risk involved in extending credit, as well as recommend risk mitigation strategies.
Generate financial ratios and models to evaluate borrowers’ current and prospective financial status.
Generate loan and investment opportunities by developing relationships with OFN’s CDFI members.
Actively participate in the portfolio management of OFN’s on-balance sheet and off-balance sheet investments. Ensure borrowers maintain compliance with quarterly covenants and strengthen borrower relationships.
Coordinate with team members to complete loan closings, documentation, and fund disbursements.
Collaborate with the financial services team to maintain accurate borrower and loan information in OFN’s loan system.
As part of the financial services team, develop and implement investment strategies and investment policies and procedures. Support OFN’s participation in the CDFI Bond Guarantee Program as requested.
Supervisory Role - Manage interns.
Work across OFN’s teams to support OFN’s mission.
Bachelor’s Degree or 5-7 years direct work experience in lieu of degree.
Chartered Financial Analyst (CFA), or Master’s Degree in a relevant field of study not required but preferred.
5+ years demonstrated experience with financial statement analysis, financial modeling, and credit analysis, including underwriting, is required. Experience with equity investment analysis is a plus.
Demonstrated experience writing and presenting detailed investment recommendations with an emphasis on clarity, conciseness, and relevance.
Experience with loan management systems and CRMs (Customer Relationship Management software) a plus.
Solid understanding of accounting principles with the ability to apply knowledge to assessing risk and performing financial underwriting.
Demonstrated leadership ability with superior interpersonal skills and the ability to work well with diverse constituents.
Superior organizational skills and ability to manage multiple tasks effectively and efficiently under minimal supervision as well as the ability to set priorities and meet deadlines under pressure without sacrificing quality.
Understanding of loan documentation and risk mitigation strategies.
Advanced knowledge of MS Excel and financial modeling skills.
Commitment to community and economic development.
Ability to work both independently and collaboratively with teams across OFN.
Comfort working in a small office environment and/or experience working in a nonprofit environment preferred.
Some travel required (15% of the time).
The job involves normal physical requirements for an office position.
Why OFN? CDFIs are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help disinvested people and communities join the economic mainstream. As mission-driven lenders, CDFIs leverage funding from private and public sources to finance small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing. In addition to connecting capital to communities and people that need it, many CDFIs also provide financial education, technical assistance, and capacity-building support to the organizations, businesses, and individuals they serve. OFN supports our member CDFIs by aligning capital with social, economic, and political justice for underserved communities across the nation.
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 communities.
To learn more about OFN, visit:www.ofn.org.
Women, People of Color, and LGBT candidates are encouraged to apply.