wlmmyers
05-17-2002, 07:20 AM
Please reply to: pbchapel@aol.com
Executive Director
Rainier Valley Community Development Fund
Seattle, Washington
May 2002
The Rainier Valley Community Development Fund (“CDF”) is a soon-to-be
incorporated $50-million community-controlled loan fund being established
to address the temporary impact of light rail construction in Seattle’s
Rainier Valley neighborhood and to serve as a long-term asset to support
ongoing community development activity. The CDF, which is currently
governed by a seven-member founding board of directors, will be capitalized
over the next seven years with $50 million from the City of Seattle and
King County. The CDF Board seeks a highly experienced community
development finance professional to help set up the CDF and manage all
aspects of its day-to-day operations.
The Rainier Valley is located in Southeast Seattle. It is the most
culturally and economically diverse neighborhood in Seattle, home to Viet
Namese, Filipino, Somali, Eritrean, Japanese American, Chinese American,
African American, and Caucasian people. The Rainier Valley also supports
the largest number of public housing units in the city and is experiencing
gentrification pressures, which are both feared and welcomed.
The CDF’s five-year operating plan, which describes the CDF’s history,
products, governance, management, operations, and financial forecast, is
available for review.
JOB TITLE: Executive Director of the Rainier Valley Community Development Fund
STARTING DATE: Fall 2002
POSITION DESCRIPTION AND RESPONSIBILITIES
The Executive Director is the chief staff member, provides leadership and
is the organization's liaison to the Rainier Valley community, all
community organizations, public and private funding sources, financial
institutions, and the media.
The Executive Director is responsible for promoting and adhering to the use
of the CDF’s tools in support of the organization’s mission. The mission of
the CDF is:
The Rainier Valley Community Development Fund is a self-sustaining,
community-controlled entity that preserves and strengthens cultural
diversity, long-term livability, and economic opportunity for Rainier
Valley residents, businesses, and institutions.
The initial focus of the CDF is on providing financial and technical
support to business and property owners impacted by the construction of
light rail in the Rainier Valley. Over time, the CDF will expand into
funding community and transit-oriented development projects including
commercial real estate, affordable housing, community facilities, and
pre-apprenticeship training.
Financial products offered by the CDF are diverse and range from business
loans and grants, commercial mortgages, affordable housing mortgages,
facilities loans, to pre-apprenticeship training grants.
The CDF Executive Director will oversee all management and program
operations, and hire and supervise staff, interns, volunteers and
consultants who assist staff.
The Executive Director reports to the Board of Directors and is responsible
for:
· Negotiating and managing terms and conditions of contracts with
all public funders
· Managing a diverse product set, including finalizing the
underwriting details for supplemental mitigation products;
· Directing all programs, including business technical assistance,
lending programs, ongoing management assistance, business and personal
support services, pre-apprenticeship training grants; and all aspects of
residential and commercial real estate lending;
· Raising additional funds at a future date, developing a diverse
resource base, and planning the budget;
· Recruiting, hiring, supervising, motivating staff, and promoting
development of their skills and leadership abilities;
· Selecting and overseeing the implementation of all management
information systems, including financial and program information, to
facilitate planning, provide evaluative data for monitoring the CDF’s
performance, and support resource development efforts;
· Promoting economic development (business lending and real estate
development lending) with funding sources and others, to ensure that
clients have access to other community resources and financing;
· Developing and maintaining external relationships with community
organizations and groups, business assistance organizations, financing
institutions and public agencies; and
· Developing collaborative relationships and partnerships that
enhance the organization and its ability to meet the needs of its diverse
constituency.
KNOWLEDGE SKILLS AND PERSONAL CHARACTERISTICS
The Executive Director should be a mature professional and have a minimum
of 5-8 years of relevant work experience, with background in nonprofit
community development financial institution manage*ment, and preferably in
both housing and/or facilities development and business lending. The
candidate’s experience should include strategic planning, board and
community relations, personnel supervision, and financial management. S/he
must also have experience working with lower income people, diverse
communities; and be a capable, compassionate, energetic and positive leader
– able to motivate and work with a wide variety of professionals and
volunteers.
The Executive Director must:
· Be passionate about the CDF’s mission and eager to represent the
organization to a diverse group of external audiences;
· Be an effective advocate for lower income and minority business
owners and individuals; and
· Write well and have excellent verbal communication skills.
The Executive Director must possess a high level of commitment to meet the
economic needs of a racially and culturally diverse community, have a
reputation for high ethical and moral standards, have an inclusive
non-hierarchical management style, and be enthusiastic about working with a
diverse staff and strong Board of Directors. Proficiency in another
language would be a plus.
In addition, because the CDF is a start-up institution, candidates should
be willing to operate within ambiguity at times; must be flexible; and
capable of identifying operating gaps and quickly determining how to fill
them.
OTHER QUALIFICATIONS
· College degree in any applicable field or equivalent experience
in relevant areas. MBA and/or CPA are plusses.
· Real estate development and/or commercial lending experience
required.
· Solid financial accounting, statement preparation and analytical
skills.
· Proven cash management skills, i.e. control, forecasting and
budgeting.
· Proven human resource management skills and experience.
· Interpersonal skills must include a demonstrated ability to deal
effectively with diverse constituents, internal staff, board members,
investors, outside public accounting, legal, bank and other professionals.
· Computer literate, with strong working knowledge of accounting
software and spreadsheet applications.
· MIS management experience is a plus.
· Financial services experience (i.e., lending, funding and
portfolio risk analysis) is a plus.
· Nonprofit work experience is a plus.
· Experience managing start-ups successfully a plus.
COMPENSATION AND BENEFITS
Salary commensurate with experience. Benefits are budgeted at 35% of
salary. Position is full-time.
APPLICATION PROCESS AND DEADLINE
The CDF is an equal opportunity employer: people of color, women, and
disabled persons are encouraged to apply.
Send cover letter with resume to:
Paige Chapel
Consultant to the CDF Board
520-17th Avenue East
Seattle, WA 98112
Email: pbchapel@aol.com
Deadline for responses: 5 p.m. (PDT) on Monday, June 10, 2002
Patty Grossman
Patty Grossman Consulting, Inc.
6527 - 48th Ave NE
Seattle WA 98115-7732
Voice: 206.527.8668
Fax: 206.527.4544
pattygrossman@alum.mit.edu
This post transferred from the cdb-l mailing list
Executive Director
Rainier Valley Community Development Fund
Seattle, Washington
May 2002
The Rainier Valley Community Development Fund (“CDF”) is a soon-to-be
incorporated $50-million community-controlled loan fund being established
to address the temporary impact of light rail construction in Seattle’s
Rainier Valley neighborhood and to serve as a long-term asset to support
ongoing community development activity. The CDF, which is currently
governed by a seven-member founding board of directors, will be capitalized
over the next seven years with $50 million from the City of Seattle and
King County. The CDF Board seeks a highly experienced community
development finance professional to help set up the CDF and manage all
aspects of its day-to-day operations.
The Rainier Valley is located in Southeast Seattle. It is the most
culturally and economically diverse neighborhood in Seattle, home to Viet
Namese, Filipino, Somali, Eritrean, Japanese American, Chinese American,
African American, and Caucasian people. The Rainier Valley also supports
the largest number of public housing units in the city and is experiencing
gentrification pressures, which are both feared and welcomed.
The CDF’s five-year operating plan, which describes the CDF’s history,
products, governance, management, operations, and financial forecast, is
available for review.
JOB TITLE: Executive Director of the Rainier Valley Community Development Fund
STARTING DATE: Fall 2002
POSITION DESCRIPTION AND RESPONSIBILITIES
The Executive Director is the chief staff member, provides leadership and
is the organization's liaison to the Rainier Valley community, all
community organizations, public and private funding sources, financial
institutions, and the media.
The Executive Director is responsible for promoting and adhering to the use
of the CDF’s tools in support of the organization’s mission. The mission of
the CDF is:
The Rainier Valley Community Development Fund is a self-sustaining,
community-controlled entity that preserves and strengthens cultural
diversity, long-term livability, and economic opportunity for Rainier
Valley residents, businesses, and institutions.
The initial focus of the CDF is on providing financial and technical
support to business and property owners impacted by the construction of
light rail in the Rainier Valley. Over time, the CDF will expand into
funding community and transit-oriented development projects including
commercial real estate, affordable housing, community facilities, and
pre-apprenticeship training.
Financial products offered by the CDF are diverse and range from business
loans and grants, commercial mortgages, affordable housing mortgages,
facilities loans, to pre-apprenticeship training grants.
The CDF Executive Director will oversee all management and program
operations, and hire and supervise staff, interns, volunteers and
consultants who assist staff.
The Executive Director reports to the Board of Directors and is responsible
for:
· Negotiating and managing terms and conditions of contracts with
all public funders
· Managing a diverse product set, including finalizing the
underwriting details for supplemental mitigation products;
· Directing all programs, including business technical assistance,
lending programs, ongoing management assistance, business and personal
support services, pre-apprenticeship training grants; and all aspects of
residential and commercial real estate lending;
· Raising additional funds at a future date, developing a diverse
resource base, and planning the budget;
· Recruiting, hiring, supervising, motivating staff, and promoting
development of their skills and leadership abilities;
· Selecting and overseeing the implementation of all management
information systems, including financial and program information, to
facilitate planning, provide evaluative data for monitoring the CDF’s
performance, and support resource development efforts;
· Promoting economic development (business lending and real estate
development lending) with funding sources and others, to ensure that
clients have access to other community resources and financing;
· Developing and maintaining external relationships with community
organizations and groups, business assistance organizations, financing
institutions and public agencies; and
· Developing collaborative relationships and partnerships that
enhance the organization and its ability to meet the needs of its diverse
constituency.
KNOWLEDGE SKILLS AND PERSONAL CHARACTERISTICS
The Executive Director should be a mature professional and have a minimum
of 5-8 years of relevant work experience, with background in nonprofit
community development financial institution manage*ment, and preferably in
both housing and/or facilities development and business lending. The
candidate’s experience should include strategic planning, board and
community relations, personnel supervision, and financial management. S/he
must also have experience working with lower income people, diverse
communities; and be a capable, compassionate, energetic and positive leader
– able to motivate and work with a wide variety of professionals and
volunteers.
The Executive Director must:
· Be passionate about the CDF’s mission and eager to represent the
organization to a diverse group of external audiences;
· Be an effective advocate for lower income and minority business
owners and individuals; and
· Write well and have excellent verbal communication skills.
The Executive Director must possess a high level of commitment to meet the
economic needs of a racially and culturally diverse community, have a
reputation for high ethical and moral standards, have an inclusive
non-hierarchical management style, and be enthusiastic about working with a
diverse staff and strong Board of Directors. Proficiency in another
language would be a plus.
In addition, because the CDF is a start-up institution, candidates should
be willing to operate within ambiguity at times; must be flexible; and
capable of identifying operating gaps and quickly determining how to fill
them.
OTHER QUALIFICATIONS
· College degree in any applicable field or equivalent experience
in relevant areas. MBA and/or CPA are plusses.
· Real estate development and/or commercial lending experience
required.
· Solid financial accounting, statement preparation and analytical
skills.
· Proven cash management skills, i.e. control, forecasting and
budgeting.
· Proven human resource management skills and experience.
· Interpersonal skills must include a demonstrated ability to deal
effectively with diverse constituents, internal staff, board members,
investors, outside public accounting, legal, bank and other professionals.
· Computer literate, with strong working knowledge of accounting
software and spreadsheet applications.
· MIS management experience is a plus.
· Financial services experience (i.e., lending, funding and
portfolio risk analysis) is a plus.
· Nonprofit work experience is a plus.
· Experience managing start-ups successfully a plus.
COMPENSATION AND BENEFITS
Salary commensurate with experience. Benefits are budgeted at 35% of
salary. Position is full-time.
APPLICATION PROCESS AND DEADLINE
The CDF is an equal opportunity employer: people of color, women, and
disabled persons are encouraged to apply.
Send cover letter with resume to:
Paige Chapel
Consultant to the CDF Board
520-17th Avenue East
Seattle, WA 98112
Email: pbchapel@aol.com
Deadline for responses: 5 p.m. (PDT) on Monday, June 10, 2002
Patty Grossman
Patty Grossman Consulting, Inc.
6527 - 48th Ave NE
Seattle WA 98115-7732
Voice: 206.527.8668
Fax: 206.527.4544
pattygrossman@alum.mit.edu
This post transferred from the cdb-l mailing list