Analyst, Financial Institutions & Impact Measurement
National Community Investment Fund
Chicago, IL
Reports to: Chief Executive
National Community Investment Fund (NCIF; www.ncif.org) is a
non-profit fund set up in 1996 to invest capital into CDFI, minority and
mission-oriented banks and other financial institutions around the country that
increase access to responsible financial products and services in underserved
communities. It is currently the largest investor in the mission-oriented
banking industry, with investments in 15% of all certified CDFI banks. Total
assets under management at NCIF are around $190 million including outstanding
$168 million of NMTC allocations. NCIF’s three primary business lines generate
substantial impact in economically disadvantaged
communities while simultaneously contributing to the success
of CDFI Banks, Minority Depository Institutions, and other mission-oriented
financial institutions:
1. Investing: We support institutions with equity and
deposit investments. NCIF has invested in the private capital of 57 financial
institutions since inception and has current investments in 17 banks, all of
which are CDFI/MDI Banks. NCIF is evaluating a new investment fund to
facilitate organic and acquisitive growth, refinance TARP (CDCI) stock and/or
provide subordinate debt into highest performing banks.
2. Lending: We channel funds into low-income communities
using the New Markets Tax Credits (NMTC) program to finance small businesses
and real estate development. NCIF is
also examining expanding into small business finance in conjunction with our
network of banks.
3. Research, Metrics & Advocacy: We run an informal
network of our investee and other banks in the interest of strengthening the
mission-oriented banking industry and supporting movement of capital into low-
and moderate-income communities. NCIF pioneered the use of Social Performance
Metrics (check www.bankimpact.org and BankImpact maps) for measuring the impact
and “telling the story” of mission-oriented banks, and publishes research on
the industry and its impact. We enable peer-networking and help strengthen the
sector via our Annual Development Banking NCIF is looking for a senior analyst
to become a part of an entrepreneurial team in building our business, by
providing analysis for potential investment transactions, developing and
updating NCIF’s social performance metrics, and otherwise supporting growth of
the broader NCIF network. The ideal candidate will have hands-on experience in
financial analysis in or of financial institutions, and demonstrated knowledge
and interest in the community banking sector. Specific responsibilities
will include:
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; provide custom analysis for
outside parties on NCIF’s deposit program, as needed.
3. Gather and analyze data related to new investment
opportunities for NCIF in new CDFIs, small business lending and possibly
fintech companies; support identification of and outreach in connection with new
investment and lending opportunities; and
4. Assist in NMTC and other deal closing including, related
financial analysis.
Social Performance Metrics and Research
1. Support implementation the NCIF Impact Plan around (a)
data collection (building a comprehensive Impact Database) (b) data analysis
and conversion to actionable “information” for lending and investing
activities, (c) scorecards/ratings/indexes as appropriate, (d) publications and
(e) outreach/communications to NCIF stakeholders
2. 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;
3. Recommend enhancements to NCIF Social Performance
Metrics, data collection
and assessment tools, data collection methodologies;
4. Assist in the production of publications that “Tell the
Story of CDFI Banking” including NCIF’s Development Impact Dashboards and Impact
Stories;
5. 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; and
6. Support the development of the CDFI/mission-oriented
banking industry via the
development of industry research reports.
Network Development &; Administration
1. Assist in the planning and execution of conference,
regional meetings and marketing and communications plans.
2. Assist in the formalization of the NCIF Network and in
maintaining positive relationships
3. Assist in CDFI program applications, NMTC applications
and reporting, CDE
certification, and CDFI Fund reporting as needed.
4. Comply with NCIF systems and policies and undertake
additional duties and special projects as assigned by the CEO.
- Passion for community development and for improving lives of underserved
- Graduate degree in a public policy, economics or business with at least 1-3 years ofwork experience in financial analysis and research methods; *
- Experience conducting financial analysis in/of financial institutions;
- Advanced quantitative and qualitative research skills as well as experience and/or training in financial analysis;
- Proven writing skills, with an ability to translate data into a compelling story for various
- 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), SPSS/STATA and/or GIS skills strongly preferred;
- Energy, flexibility and drive to work in an entrepreneurial organization that is positioned
- Resident in Chicago or willing to relocate.
**Candidates with undergraduate degrees may be considered if
they have highly relevant
skills, interests and work experience in research methods,
financial analysis and community
To apply, please send a resume, cover letter and writing
sample to Lara Pawlak at
lpawlak@ncif.org. Resumes without a cover letter and writing
sample will not be considered.
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.