Job announcement: Executive Director, NCRC Community Development Fund Inc.

[Community Development Banking List]

Original message from: ksmith@ncrc.org

Job Announcement

EXECUTIVE DIRECTOR, NCRC COMMUNITY DEVELOPMENT FUND, INC.
National Community Reinvestment Coalition


The National Community Reinvestment Coalition (NCRC) is an association
of more than 600 community-based organizations that promotes access to
basic banking services, including credit and savings, to create and
sustain affordable housing, job development, and vibrant communities for
America's working families. Members include community reinvestment
organizations, community development corporations, local and state
government agencies, faith-based institutions, community organizing
groups, civil rights organizations, minority- and women-owned business
associations, community development financial institutions, and local
and social service providers from across the nation.

Position Overview:

NCRC is currently in the process of starting the National Community
Reinvestment Coalition Community Development Fund, Inc., (CDFI) a new
community development financial institution that will deliver loan
capital to a vital and growing sector of our economy: the minority and
woman-owned business. Targeted businesses will be located across the
country in areas with NCRC member organizations, with emphasis on
businesses based in the Washington, D.C. metropolitan region and those
with a green/sustainable focus.

The Executive Director of the NCRC CDFI will be the Fund's
entrepreneurial leader, primary fundraiser, and manager. The Executive
Director will report to the CDFI's Board of Directors and the Chief
Business Officer of NCRC (and, when appropriate, the President and CEO
of NCRC). S/he will be responsible for developing and refining broad
strategic plans and annual work plans, setting priorities for initial
lending activities, and
supervising the CDFI staff. The Executive Director will be the public
face of NCRC and its CDFI at trainings, forums, press and media events,
and conferences of peer organizations within the community development
finance and business lending world. At the same time, as
the leader of a start-up organization, functions and duties that
eventually may be executed by additional personnel will be handled by
the Executive Director.

Specific Responsibilities

1. Manage the CDFI office and staff
*Oversee the establishment of the CDFI's new office
* Recruit, hire, and supervise a well-qualified and capable staff,
including the Director of Lending and Loan Administrator
* Ensure that customer service, loan production, portfolio and fiscal
management, and reporting systems are high quality and efficient
* Maintain a solid understanding of the different programmatic
components that comprise the CDFI

2. Fundraising
* Develop strong relationships with current investors and cultivate
relationships with potential investors to secure the capital resources
and the operating support necessary to meet the CDFI's goals
* Establish and maintain relationships with key staff at the Small
Business Administration in order to best take advantage of SBA funding
opportunities
* Identify and pursue grant funding opportunities on a regular basis
* Communicate with investors, grant funders, and the CDFI Board about
the financial and operational health of the Fund

Specific Objectives


During the first 12 months, the Executive Director will be expected to
accomplish the
following objectives:

* Establish office for the NCRC Community Development Fund, Inc. in
D.C.;
* Recruit and hire key staff as needed and as resources allow;
* Achieve designation from the U.S. Department of Treasury as a
federally certified CDFI;
* Increase current levels of loan production;
* Refine loan product marketing strategies and CDFI organizational
strengths;
* Launch new loan products and update marketing materials and operating
systems accordingly;
* Achieve positive customer responses;
* Develop strong, positive relationship with the DC Minority Business
Enterprise Center as the Fund's technical assistance delivery staff
* Cultivate strong relationships with investors and funders;
* Secure capital investments from at least 2 investors;
* Secure grant funding for operating costs;
* Keep CDFI Board members appraised of the Fund's progress;
* Review business plan and secure board support for any proposed
adjustments.

Qualifications

* Graduate degree in business, real estate development or other related
field. Additional professional experience may substitute for an advanced
degree;
* At least 5 years of executive-level management experience, including
experience with risk management for a lending institution, experience
working with government programs that assist business lending such as
the SBA, and extensive experience with financing businesses;
* Demonstrated broad knowledge of and contacts within the banking and/or
the community development finance field related to small business
lending;
* Proven track record of raising private, public and foundation capital
and operating support;
* Outstanding oral and written communication skills;
* Strong strategic planning and financial analytical skills;
* Widely recognized leadership and personnel management skills;
* Reputation for creativity and innovation in achieving goals;
* Interest in working with diverse communities and organizations;
* A collaborative personal style that works in partnership with others
both internally and externally;
* Clear commitment to the success of minority and women entrepreneurs.

Compensation
The salary for the position is competitive, plus performance bonus,
depending on experience.
NCRC offers a comprehensive and flexible benefits package including
health insurance,
retirement and professional development.


How to Apply:


To apply, contact Frances Murray, Director of Human Resources, at
hrdept@ncrc.org. Please include a writing sample with your resume and
letter of interest.



NCRC


Katherine Lucas-Smith


National Community Reinvestment Coalition (NCRC)
727 15th Street, NW, Suite 900 | Washington, DC 2000
TEL: | www.ncrc.org

Combined Federal Campaign #12361


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