Job Title:
Reports to: Chief Executive
National Community Investment Fund (NCIF; www.ncif.org) is a non-profit private equity trust fund set up in 1996 to invest in CDFI, minority and mission-oriented banks around the country that increase access to responsible financial products and services in underserved communities. NCIF contributes to their success by aggregating capital and knowledge and leveraging opportunities. It pursues its mission through three distinct activities:
1. Investing: This is the core of the business and involves investing on- and off-balance sheet private capital into mission-oriented banks, placing deposits with such institutions, and enabling the booking of loans using New Markets Tax Credits (NMTC). NCIF is looking to expand its business into small business finance and the Bond Guarantee Program in conjunction with our network of banks;
2. Informing, Leveraging and Connecting: We strengthen institutions in The NCIF Network with research, Social Performance Metrics and peer-networking. We also work closely with mainstream and socially responsible investors as well as with the public sector to strengthen the industry. The Annual Development Banking Conference is the premier event that brings together all major stakeholders of the industry;
3. Aspiring to Transform banking such that the asset class of double and triple bottom-line banks can increase and new business models can emerge. We also hope that over time investors value social and environmental returns in addition to financial returns.
Total assets under management at NCIF are approximately $150 million including $128 million of NMTC allocations. NCIF is the largest investor of equity in CDFI banks (by numbers) in the country. NCIF is entering in the area of small business lending and also using the forthcoming CDFI Bond Guarantee program to support the sector.
NCIF is currently seeking a Senior Analyst – Social Impact Evaluation and Investments to build on Research, Social Performance Metrics and Investing activities. The successful candidate will support the Chief Executive on the following key activities of NCIF:
Social Performance Metrics and Research
1. Collect, analyze and evaluate 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;
2. Recommend enhancements to NCIF Social Performance Metrics, data collection
and assessment tools, data collection methodologies;
and assessment tools, data collection methodologies;
3. Assist in the production of publications that “Tell the Story of CDFI Banking” including NCIF’s Development Impact Dashboards and Impact Stories;
4. Assist in standardizing impact measurement for the CDFI Banking industry and for the Impact Investing community; evaluate partnerships with other tools like PolicyMap and IRIS for this purpose;
5. Support the development of the CDFI/mission-oriented banking industry via the development of industry research reports.
Financial Analysis
1. Analyze the portfolio investments from a financial perspective;
2. Create reports on NCIF investments and the CDFI Banking industry from a financial performance perspective;
3. Identify new CDFI Banks for making investments or doing small business lending.
Related Activities
1. Help in the development of content and communication strategies for dissemination and marketing of the above;
2. The Analyst will comply with NCIF systems and policies and undertake 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 3-5 years of work experience in financial analysis and research methods; *
· Advanced quantitative and qualitative research skills;
· 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) and GIS skills strongly preferred;
· Energy, flexibility and drive to work in an entrepreneurial organization that is positioned to grow;
· Resident in Chicago or willing to relocate.
**Candidates with undergraduate degrees may be considered if they have extensive and highly relevant work experience in research methods, financial analysis and community development finance (5+ years).
To apply, please send a resume, cover letter and writing sample to Lara Pawlak at administration@ncif.org. Resumes without a cover letter and writing sample will not be considered.