- Experience Level
We are confidentially searching for a CDFI Director, reporting to the CEO, for a rapidly growing, innovative, and nationally recognized nonprofit organization. This mission-driven California based organization has a 40+ year history of strengthening low-and moderate-income Latino families by promoting economic equity & social justice through asset building & community development. For more details and consideration, please send resumes and inquiries to firstname.lastname@example.org. If you have in-depth experience, are looking to advance your career, and are passionate about making an impact in our community, this may be for you!
DUTIES & RESPONSIBILITIES
- Implement strategic plan components involving building out the CDFI’s work in numerous business lines, responsive to the various needs of the low-to-moderate income Latino community in California, including micro and small business lending, affordable housing financing, and commercial real estate lending.
- Oversee new product development and management of the loan application process across numerous business lines, including creating and updating application processes, underwriting guidelines, risk mitigation strategies, marketing plans, and loan servicing protocols.
- Lead capitalization strategy through collaboration with CEO, senior management, and Development team in debt acquisition, grant writing, and fundraising to grow the CDFI’s balance sheet and further overall fundraising strategy.
- Manage the CDFI’s growing team by providing day-to-day support, professional training, and accountability for staff toward clear goals and outcomes while fostering a healthy work environment.
- Align strategies, products, and financing vehicles with affordable housing development and financial counseling and business development services with particular attention paid to anti-displacement efforts.
- Work & strategize with the Finance team to further build the CDFI’s loan servicing, financial covenant, and regulatory compliance systems and practices. Strategize with CFO on near-term and long-term balance sheet health to maximize the CDFI’s growth and responsiveness to community needs.
- Identify and cultivate key relationships with other community-based and national organizations to serve low-to-moderate income Latino communities more effectively.
- Manage loan portfolio quality and performance with periodic reporting to senior management and Board. Manage the CDFI’s Board through bi-monthly meetings and regular reporting on the CDFI.
- Collaborate with local, statewide, and national leaders to drive systems change, racial justice, and equitable capital flow within low- and moderate-income communities of color.
- Represent the organization at local, regional, and national advocacy, training, and field events and conferences as needed.
- Bachelor’s degree in business, finance, public administration, city/urban planning, or related field is required. A Master’s degree is preferred. 8-10 years of community development finance or banking experience can be substituted for a graduate degree.
- In-depth knowledge of and experience with CDFI lending products and other community finance vehicles.
- Strong, collaborative leadership and staff management skills, emphasizing staff empowerment, project management, and accountability to results.
- An entrepreneurial work ethic, creativity, and openness to exploring new ideas, systems, and financial tools.
- Experience with small business lending, affordable housing finance, or commercial real estate lending required.
- Knowledge of the California economic environment, land-use policies, and neighborhood planning are highly desirable.
- Knowledge of or experience with under-banked, low-income, and underserved populations.
- Extensive experience within a lending environment in a senior management position, preferably within a nonprofit lender, credit union, or other CDFI.
- Interest in community development policy and a strong desire to drive into both the details and bigger picture of neighborhood planning.
- Excellent written and oral communication skills.
- Commitment to a mission and place-based approach to economic and racial justice.
- Bilingual in English and Spanish is preferred.