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Careers

Job Title: Senior Portfolio Analyst  
Reports to:  Director, Portfolio and Compliance Management  
 
National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. Total assets under management at NCIF are around $205.6 million, including a balance sheet of $37 million and $178 million of New Markets Tax Credits (NMTC) allocations. NCIF launched a $35 million Credit Strategies Fund with new debt capital of $15 million. NCIF is the largest investor in CDFI banks with investments in 17 institutions. NCIF achieves its mission via 3 complementary business lines:
 
1. Equity Investing in Mission Oriented Banks: We support depository institutions with equity, debt and deposit investments.
2. New Markets Tax Credits: We have received $326 million in NMTC allocations and are deploying it into real estate, operating companies, health care facilities, schools, other nonprofit and for-profit impact-oriented businesses.
3. Lending: With the launch of the Credit Strategies Fund, we will make/purchase loans in partnership with CDFI Banks and other mission-oriented partners to finance socially impactful commercial real estate projects that benefit underserved communities.  
 
Impact measurement is the foundation of NCIF’s work and supports all of our business lines. We advise investors and other stakeholders place equity, debt, deposits and grants to meet their programmatic and geographic focus areas.  NCIF pioneered the use of Social Performance Metrics (see www.bankimpact.org and www.BankImpactmaps.org) and is developing a cloud-based core data platform to support data analytics.
 
Position overview
NCIF is recruiting a Senior Portfolio Analyst as part of the portfolio and compliance management department. This role will support asset management and compliance and reporting in equity investing, lending, and New Markets Tax Credits. Specific responsibilities are listed below. 
 
Job Responsibilities
A. Portfolio and Asset Management 
 
* Evaluate borrowers’ credit data and financial statements in collaboration with Credit Analyst in order to determine the degree of risk in lending money to new borrowers. 
* Perform financial statement reviews and analysis on existing and potential borrower. In collaboration with the lending department compile and track financial and non-financial document from borrower to adhere to loan covenants. 
* Recommend updates to risk rating in collaboration with originating lenders and senior executive staff. 
* Work in conjunction with the accounting department to input, monitor and analyze loan information to the loan core system (Nortridge loan System).  
* Support portfolio and compliance department in the monitoring of loan/investment terms including dividend and loan payments, loan covenants, financial statements, impact reporting, compliance and insurance certificates etc. including using the NCIF loan System.
* Prepare ad hoc strategic financial analyses in support of asset management and senior management
* Ability to work and communicate to varying levels of business stakeholders and technical teams. 
 
B. Compliance and Reporting:
 
* Support portfolio and compliance department in monthly, quarterly, semi-annual loan reports to executive team. 
* Conduct file (physical and electronic) audits and provide status report to director of portfolio and compliance.  
* Assist the portfolio and compliance department in the preparation of CDFI Fund (including ILR (Institution level Reports), TLR (Transaction Level Reports)), and other AMIS reporting and all reporting investor/lenders.
* Assist the portfolio and compliance department in the maintaining of ticklers for internal and external reporting for the organization. 
 
Qualifications:
A. Education: Bachelor’s degree (or equivalent work experience), preferably in business, accounting, or finance.
 
B. Previous Experience:
* Minimum 3-5 years’ experience in accounting, finance, asset management, real estate, non-profit lending and participation loan. Experience working with a CDFI in NMTC or lending compliance/portfolio management (including AMIS) will be strongly preferred.  
* Demonstrated understanding of credit and financial analysis, with formal credit training a plus. 
* Experience in preparing loan portfolio, lender and investor reports. 
* Ability to provide compliance-related support and guidance to various business group.  
* Familiarity with construction lending practices and terminology.
* Experience with Nortridge Loan Systems or other loan systems will be preferred.
 
C. Special Knowledge and Skills: 
* Passion for community development/ for improving lives of individuals in underserved communities.
* Strong attention to detail and analytical skills.
* Proficiency in Microsoft Office with strong expertise in MS Excel.
* Ability and willingness to work in an entrepreneurial organization positioned to grow.
* Ability to work on multiple projects simultaneously.
* Demonstrated oral and written presentation skills.
* Proficiency with computer software including Excel and lending data bases. 
 
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.
 
Please send cover letter and resume to Administration@ncif.org

 

Job Title: Credit Analyst  

Reports to: SVP of Lending  
 
National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. Total assets under management at NCIF are around $205 million, including a balance sheet of $37 million and $178 million of New Markets Tax Credits (NMTC) allocations. In 2019, NCIF launched a $30 million Credit Strategies Fund with new debt capital of $15 million. NCIF is the largest investor in CDFI banks with investments in 17 institutions. NCIF achieves its mission via three complementary business lines:
1. Equity Investing in Mission Oriented Banks: We support depository institutions with equity, debt and deposit investments.
2. New Markets Tax Credits: We have received $326 million in NMTC allocations and are deploying it into real estate, operating companies, health care facilities, schools, other nonprofit and for-profit impact-oriented businesses.
3. Lending: With the launch of the Credit Strategies Fund, we will make/purchase loans in partnership with CDFI Banks and other mission-oriented partners to finance socially impactful commercial real estate projects that benefit underserved communities. 
Impact measurement is the foundation of NCIF’s work and supports all of our business lines. We advise investors and other stakeholders on equity placements, debt, deposits and grants to meet their programmatic and geographic focus areas.  NCIF pioneered the use of Social Performance Metrics (see www.bankimpact.org(link is external) and www.BankImpactmaps.org(link is external)) and is developing a cloud-based core data platform to support data analytics.
Credit Analyst 
 
As the Credit Analyst, you will be responsible for supporting the Lending and NMTC teams, which will include, but not be limited to:
 
Underwriting/Financial Analysis:
* Support underwriting of NMTC and loan opportunities.
* Assist in data gathering and due diligence including economic/industry assessments. 
* Spread financial statements and create operating projections to perform financial statement analysis, cash flow analysis, repayment analysis, risk and mitigant assessment.
* Analyze borrowers’ budgets and projections to assess and stress test debt service capacity.
* Assist lenders with credit write-ups and presentation at loan committee.
* Assist in assessment of collateral.
* Input data into loan management system, as needed.
 
Asset Management
* Monitor projects during construction, including review of third-party construction reports, construction draws and budgets.
* Ensure that all transactions comply with the terms of legal agreements and cash flows are consistent with financial projections.
* Support control/loan servicing departments with post close monitoring/reporting.
* Ensure compliance of all covenants and conditions.
* Collect and analyze project and borrower community impact data. 
 
Qualifications:
* Bachelor’s degree (or comparable work experience), preferably in Business, Accounting or Finance.
* 2 - 5 years of experience with credit underwriting/financial analysis.
* Experience in banking, CDFI and nonprofit organizations would be a plus.
* Passion for community development and for improving the lives of individuals in underserved communities.
* Strong attention to detail and analytical skills.
* Proficiency in Microsoft Office with strong expertise in MS Excel.
* Ability and willingness to work in an entrepreneurial organization positioned to grow.
* Ability to work on multiple projects simultaneously.

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.

Please send cover letter and resume to Administration@ncif.org