Job Announcement

[jonathan at altconsulting]

JOB ANNOUNCEMENT
Management Consultant
Little Rock, AR and Memphis, TN

alt.Consulting is a non-profit, economic development firm serving the
Southern U.S providing professional consulting services small
minority-owned and geographically underutilized businesses that have the
highest potential of creating jobs and wealth their communities. We are now
seeking management consultants for our Memphis and Little Rock locations. An
MBA degree or 5+ years of entrepreneurial experience are required.

Becoming an alt.Consultant allows you to apply your business skills in a
holistic environment, tackling all aspects of the problems that
entrepreneurs face every day. Specifically you will:

· conduct organizational assessments of businesses and make recommendations
· facilitate strategic and operations planning sessions with management and
staff;
· assist businesses in securing financing; and
· implement on-site the financial and operations systems necessary for
sustainable growth.

In a period of welfare reform and economic transformation, a growing number
of rural and urban communities are being left behind, experiencing stagnant
net worth and economic and racial isolation. alt.Consulting believes that
building a strong entrepreneurial sector within low-wealth communities
creates jobs and builds equity. This strategy is focused on business and
asset development as well as wealth creation. Many small businesses in
low-wealth communities lack the required capital and management skills to
grow into profitable enterprises. They also experience varying degrees of
market and social discrimination, adding more barriers to growth. We
created alt.Consulting to address these inequities and create healthy and
profitable companies.

Travel is moderate to intensive and focused in the Delta Region. Strong
writing, facilitation and analytical skills necessary.

If you want to know more about us, visit our web site at
www.altconsulting.org. If you seek a job that requires and rewards true
dedication to a cause, we need to hear from you. Please call us to chat
about joining a social mission driven consulting firm and making a human
venture capital investment with a tremendous payoff.


Contact: Jonathan Harrison
Program Director

Email: jonathan@altconsulting.org




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[steve at sf.lihf.org]

Job Announcement 8/10/99
The following position is currently open at the Low Income Housing Fund's Los Angeles Office:


DIRECTOR OF LOS ANGELES OFFICE
LOW INCOME HOUSING FUND

POSITION SUMMARY:
The Los Angeles Director is responsible for the lending, portfolio management and other operations in Southern California for the Low Income Housing Fund (LIHF), a $40 million national community development financial institution. LIHF has its headquarters in San Francisco with satellite offices in Los Angeles and New York and an area of concentration in Washington, DC. This position is one of six senior managers reporting directly to the Fund's President.

The Los Angeles Director's major responsibilities include underwriting and supervising the underwriting of loans, presentations to loan committee, managing loan closings and regional portfolio, marketing LIHF's services, administering a local banking pool, conceptualizing and implementing new products and programs that address market opportunities, and local fund raising. In addition, the Los Angeles Director hires and supervises regional staff, and oversees the operations in the Los Angeles office. As the most visible representative of LIHF in the region, the Los Angeles Director plays a critical role in the strategic positioning of the organization both regionally and nationally.

REPORTING RELATIONSHIPS:
The Los Angeles Director reports directly to the President of LIHF and receives direction from the Deputy Director for Lending and Portfolio Management on all credit issues. The Los Angeles Director has direct supervisory responsibility for the loan officer and administrative assistant in the Los Angeles field office.

MAJOR DUTIES AND RESPONSIBILITIES:
Lending: The Los Angeles Director originates and packages loans, makes recommendations to the President and the Loan Committee, and supervises the LA loan officer in the performance of these activities. The Los Angeles Director is responsible for establishing appropriate oversight systems and procedures to ensure timely closing of loans. The Los Angeles Director ensures an even distribution of workload among the Los Angeles lending staff.

Portfolio Monitoring: The Los Angeles Director manages the region's portfolio. This includes responsibility for reporting on the performance of the regional portfolio including borrower and project performance, delinquency rates, troubled loans, work outs and portfolio risk levels which includes ensuring that loans have been appropriately categorized within LIHF's risk rating system. The Los Angeles Director works with Los Angeles and San Francisco staff to develop strategies for troubled loans and work outs and to ensure the strategies developed with the Deputy Director for Lending and Portfolio Management are effectively implemented.

Credit Administration: The Los Angeles Director works with Loan Associates, who are responsible for ensuring that all files for loans are maintained in an orderly and up to date fashion, that all insurance and other necessary legal requirements are maintained, that invoicing and loan servicing are performed in a timely manner, and that reporting requirements are met.

Marketing: The Los Angeles Director directs the marketing of loan programs in the region and supervises staff in the marketing of LIHF's lending activities in the region. The Los Angeles Director is responsible for identifying market opportunities for LIHF in the region. The Director administers a community banking pool and advisory committee.

New Product and Program Development: The Los Angeles Director identifies needs within the community development field in the region and proposes new LIHF products to meet those needs and works with the LIHF President and Deputy Director for Lending and Portfolio Management to develop and implement those products. The Los Angeles Director may also be asked to prepare business plans and program guidelines for new LIHF program areas, and to administer these programs.

Fundraising: The Los Angeles Director provides support to fundraising efforts in the region including identifying new sources, making presentations, responding to requests for information, and coordinating with the SF based development department.

Other: The Los Angeles Director participates in the creation and setting of underwriting policies, strategic planning, and performs other duties as assigned.

SKILLS REQUIRED:
The ideal candidate would have demonstrated skills, knowledge, and experience in the following area:
… lending and credit analysis, structuring and deal underwriting in the real estate industry; experience in the community development field is preferable.

… management, preferably in nonprofit organizations, including oversight of underwriting and portfolio management staff.

… proven track record bringing in business.

… demonstrated history of product innovation and conceptual ability to spot market opportunities.

… experience in and/or knowledge of the community development and affordable housing fields; knowledge of and experience working with public subsidy programs is preferred.

… strong written and verbal communication skills and an ability to make public presentations.

… prior experience working with loan committees and nonprofit boards of directors.

… mastery of community development finance and an understanding of market niches in the field which would lead to the creation of innovative products and model tools for the entire field.

EDUCATIONAL AND OTHER REQUIREMENTS:
Educational background should include degree work in a relevant area of study such as business administration or finance. A bachelor's degree is required although an advanced degree is preferred. In addition, the position requires a high degree of self-motivation, creativity, an ability to travel; flexibility with time, and willingness to accept a demanding (and personally satisfying) position. Strong time management skills, an ability meet deadlines, to direct and motivate others, and a genuine personal commitment to LIHF's mission are also necessary.

TO APPLY:
No calls please. Mail résumé and cover letter to LIHF, 74 New Montgomery Street., Suite 250, San Francisco, CA 94105. The Low Income Housing Fund believes that diversity creates excellence in its programs and operations. The Fund is committed to ensuring that its staff, Board and program agenda benefit from diverse cultures, ethnic backgrounds and views.

The Low Income Housing Fund (LIHF) is a nonprofit community development financial institution which provides innovative financing and technical assistance for the development of low income and supportive service housing and community facilities in California and throughout the nation. LIHF's mission is to support community development by increasing the flow of capital into low-income communities. LIHF operates both within the nonprofit community and the financial arena, serving as a crucial link between community-based development organizations and capital markets and other sources of financing and support. Since its inception in 1984, LIHF's financing and technical assistance has helped create over 29,000 units of housing for low-income individuals and families, with a total development cost of over $1.4 billion dollars. LIHF's Revolving Loan Fund, its main source of lending capital, is now capitalized at nearly $40 million. LIHF also has access to an additional $40 million in capital through its bank lending pools and other cooperative arrangements with banks, insurance companies, pension funds, and other conventional financing sources. LIHF currently provides lending or technical assistance services in 20 states, and is well-positioned to serve the affordable and special needs housing needs of a wide range of low-income communities across the nation.



Low Income Housing Fund
74 New Montgomery Street
Suite 250
San Francisco, CA 94105

tele: 415/777-9804
fax: 415/777-9195


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