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Careers

The following positions are open with National Community Investment Fund (“NCIF”):

 

Senior Analyst

Reports to the Chief Executive Officer

 

National Community Investment Fund (NCIF; www.ncif.org) is a non-profit fund set up in 1996 to invest capital into CDFI, minority and mission-oriented banks and other financial institutions around the country that increase access to responsible financial products and services in underserved communities. It is currently the largest investor in the mission-oriented banking industry, with investments in 14% of all certified CDFI banks. Total assets under management at NCIF are approximately $170 million, including $151 million of outstanding NMTC allocations. It has recently received an additional $65 million in NMTC allocation awards

NCIF’s three primary business lines generate substantial impact in economically disadvantaged communities while simultaneously contributing to the success of CDFI Banks, Minority Depository Institutions (MDIs), and other mission-oriented financial institutions:

  1. Investing: We support institutions with equity and deposit investments.  NCIF has invested in the private capital of 58 financial institutions since inception and has current investments in 18 banks, all of which are CDFI and/or MDI Banks.  NCIF is evaluating a new investment fund to facilitate organic and acquisitive growth, refinance TARP (CDCI) stock and/or provide subordinate debt into highest performing banks. 
  1. Lending:  We channel funds into low-income communities using the New Markets Tax Credits (NMTC) program to finance small businesses and real estate development.  NCIF is also examining expanding into small business finance in conjunction with our network of banks.
  1. Research, Metrics & Advocacy:  We run an informal network of our investee and other banks in the interest of strengthening the mission-oriented banking industry and supporting movement of capital into low- and moderate-income communities. NCIF pioneered the use of Social Performance Metrics (check www.bankimpact.org and www.bankimpactmaps.org) for measuring the impact and “telling the story” of mission-oriented banks, and publishes research on the industry and its impact.  We enable peer-networking and help strengthen the sector via our Annual Development Banking Conference.

 

NCIF is looking for a Senior Analyst to become a part of an entrepreneurial team in building our business, by providing analysis for potential investment transactions, developing and updating NCIF’s social performance metrics, and otherwise supporting growth of the broader NCIF network.  The ideal candidate will have hands-on experience in financial analysis in or of financial institutions, and demonstrated knowledge and interest in the community banking sector.  Specific responsibilities will include:

Financial Analysis                      

  1. Analyzing the portfolio investments from a financial perspective;
  2. Creating reports on NCIF investments and the CDFI Banking industry from a financial performance perspective; provide custom analysis for outside parties on NCIF’s deposit program, as needed;
  3. Gathering and analyzing data related to new investment opportunities for NCIF in new CDFIs, small business lending and possibly fintech companies; support identification of and outreach in connection with new investment and lending opportunities; and
  4. Assisting in NMTC and other deal closing, including related financial analysis.

Social Performance Metrics and Research

  1. Supporting implementation of the NCIF Impact Plan around (a) data collection (building a comprehensive Impact Database) (b) data analysis and conversion to actionable “information” for lending and investing activities, (c) scorecards/ratings/indexes as appropriate, (d) publications and (e) outreach/communications to NCIF stakeholders
  2. Collecting, analyzing and evaluating social impact metrics,  loan origination (HMDA, commercial real estate, small business and other lending), branch location and other impact data to calculate the social impact of banks in the NCIF Network;
  3. Recommending enhancements to NCIF Social Performance Metrics, data collection and assessment tools, data collection methodologies; 
  4. Assisting in the production of  publications that “Tell the Story of CDFI Banking” including NCIF’s Development Impact Dashboards and Impact Stories;
  5. Assisting in standardizing impact measurement for the CDFI Banking industry and for the Impact Investing community, and  evaluating partnerships with other tools like PolicyMap and IRIS for this purpose; and
  6. Supporting the development of the CDFI/mission-oriented banking industry via the development of industry research reports.

Network Development & Administration

As needed/assigned:

  1. Assisting in the planning and execution of conference, regional meetings and marketing and communications plans;
  2. Assisting in the formalization of the NCIF Network and in maintaining positive relationships with members;
  3. Assisting in CDFI program applications, NMTC applications and reporting, CDE certification, and CDFI Fund reporting as needed; and
  4. Complying with NCIF systems and policies and undertaking additional duties and special projects as assigned by the CEO.

 

Qualifications

  • Passion for community development and for improving lives of underserved communities;
  • Graduate degree in a public policy, economics or business with at least 1-3 years of work experience in financial analysis and research methods; *
  • Experience conducting financial analysis in/of financial institutions;
  • Advanced quantitative and qualitative research skills as well as experience and/or training in financial analysis;
  • Proven writing skills, with an ability to translate data into a compelling story for various audiences;
  • Familiarity with CDFI and minority banking or lending to /investing in CDFIs will be a strong advantage;
  • Quantitatively inclined;
  • MS Office, SQL (or other database), SPSS/STATA and/or GIS skills strongly preferred;
  • Energy, flexibility and drive to work in an entrepreneurial organization that is positioned to grow; and
  • Resident in Chicago or willing to relocate.

 

**Candidates with undergraduate degrees may be considered if they have highly relevant skills, interests and work experience in research methods, financial analysis and community development finance.

 

To apply, please send a resume, cover letter and writing sample to Lara Pawlak at lpawlak@ncif.org. Resumes without a cover letter and writing sample will not be considered.  The deadline for applications is Friday, January 6th, 2017

NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without regard to race, color, religion, national origin, sex, age, disability, veteran status or sexual orientation except where such distinction is required by law.

 


 

Director of Impact

Reports to President and CEO

National Community Investment Fund (NCIF; www.ncif.org) is a non-profit fund set up in 1996 to increase access to responsible financial products and services in underserved communities. Total assets under management at NCIF are around $170 million, including $151 million of NMTC allocations outstanding. It has recently received an additional $65 million in NMTC allocation awards.

NCIF achieves its mission via three complementary business lines:

  1. Investing: We support institutions with equity and deposit investments. NCIF has invested in the private capital of 58 financial institutions since inception, and currently has investments in 18 banks, all of which are CDFI/MDI Banks - making NCIF the largest investor in the mission-oriented banking industry. NCIF is evaluating a new investment fund to facilitate organic and acquisitive growth, refinance TARP (CDCI) stock and/or provide subordinate debt to the highest performing banks. 
  2. Lending:  We channel funds into low-income communities using the New Markets Tax Credit (NMTC) program to finance small businesses and real estate development.  NCIF is also examining expansion into small business finance in conjunction with our network of banks.
  3. Research and Metrics:  NCIF pioneered the use of Social Performance Metrics (see www.bankimpact.org and BankImpact maps) for measuring the impact and “telling the story” of mission-oriented banks, and publishes research on the industry and its impact.  Research forms a foundation and a competitive advantage for NCIF’s other lines of business.  NCIF runs an informal network of investee and other banks in the interest of strengthening the mission-oriented banking industry and supporting the flow of capital into low- and moderate-income communities. We enable peer-networking and help strengthen the sector via our Development Banking Conference.

NCIF is looking for a Director of Impact to join its entrepreneurial team and lead the Research and Metrics business line, creating and executing a strategy to showcase the impact generated by our transactions, our investees, and in the community.   The purpose of the research function at NCIF is threefold:

  1. To provide a strong foundation for NCIF’s investing and lending activities by proactively guiding them and then showcasing the impact;
  2. To assist CDFIs and network members in understanding and managing their own social performance and then to channel investment capital into the CDFI sector; and
  3. To support policy advocacy on issues of community development finance.

Audiences for research products thus include investors, leaders and employees of mission-oriented banks, and policy makers.

The Director of Impact will be a hands-on role that involves defining and driving a research agenda as well as designing and executing research methods and data analysis.  Thus, proven data management, manipulation and analytics skills are essential, along with willingness to roll up sleeves and dig into large data sets--from collecting, cleaning and collating data to finding and telling the story of impact within it.   The ideal candidate will have background in banking and financial analysis of financial institutions, as well as understanding of the issues, challenges and opportunities in community development finance.  Specific responsibilities will include:

 

Social Performance Metrics and Research

  1. Supporting implementation of the NCIF Impact Plan including:
  1. data collection from public and private sources to build a comprehensive Impact Database;
  2. analyzing data to convert it into actionable information for lending and investing activities;
  3. creating and evaluating social performance metrics; 
  4. developing scorecards/ratings/indexes, as appropriate; and
  5. creating publications and regularly communicating with NCIF stakeholders.
  1. Recommending enhancements to NCIF Social Performance Metrics, data collection
    and assessment tools, and data collection methodologies; 
  2. Producing publications that “tell the Story of CDFI banking”, such as white papers, Impact Dashboards, Peer Group reports and others as appropriate.
  3. Standardizing impact measurement and collaborating with partners such as IRIS, the impact investing community, PolicyMap, etc. 

Network Development

  1. Assisting in planning and execution of conference, regional meetings and marketing and communications plans, as appropriate;
  2. Supporting the formalization of the NCIF Network and maintaining positive relationships with members;
  3. Assisting in CDFI program applications, NMTC applications and reporting, CDE certification, and CDFI Fund reporting as needed; and
  4. Complying with NCIF systems and policies and undertaking additional duties and special projects as assigned by the CEO.

Data sources currently in use at NCIF include loan origination (HMDA, commercial real estate, small business and other lending), branch location, and other impact data to calculate the social impact of banks in the NCIF Network.  In the process of collecting data from mission-oriented banks, the Director of Impact will conduct outreach with participating and prospective institutions to create and convey a compelling value proposition for them.

Qualifications

  • Passion for community development and for improving lives in underserved communities;
  • Graduate degree in a public policy, economics or business with at least 3-5 years of work experience in hands-on research and data analysis;
  • Quantitatively inclined, with advanced quantitative and qualitative research skills and experience in manipulating large data sets;
  • Proven writing skills, with an ability to translate data into a compelling story for various audiences;
  • Familiarity with CDFI Fund programs and the CDFI and minority banking industry will be a strong advantage;
  • MS Office, SQL (or other database), SPSS/STATA and/or GIS skills strongly preferred;
  • Energy, flexibility and drive to work in an entrepreneurial organization that is positioned to grow; and
  • Resident in Chicago or willing to relocate.

To apply, please send a resume, cover letter and writing sample to Lara Pawlak at lpawlak@ncif.org. Resumes without a cover letter and writing sample will not be considered. 

NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without regard to race, color, religion, national origin, sex, age, disability, veteran status or sexual orientation except where such distinction is required by law.