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 sat 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
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.
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.
Specific responsibilities will include:
Social Performance Metrics and Research:
1. Support implementation the NCIF Impact Plan around (a) data collection (building acomprehensive 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 collectionand 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 andIRIS for this purpose; and
6. Support the development of the CDFI/mission-oriented banking industry via the development of industry research reports.
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 collectionand 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 andIRIS for this purpose; and
6. 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;
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.
Network Development:
Network Development:
1. Assist in the planning and execution of 2016 Conference and any regional meetings.
2. Assist in creation and execution of a marketing and communications plan.
3. Assist in the formalization of the NCIF Network and in maintaining positive relationships with members through SPM efforts and other communication.
Administration:
1. Assist in the preparation of Trustee Books;
2. Assist in CDFI program applications, CDE certification, and CDFI Fund reporting as
3. Assist in NMTC application, on-going compliance & reporting, as needed; and
4. 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
- Graduate degree in a public policy, economics or business with at least 1-3 years of work experience in financial analysis and research methods;
- 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 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 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.
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.