Community Development Finance Officer

City First Bank of D.C. is Washington D.C.'s first and only community development bank. It is committed to helping individuals, businesses and other local institutions reach their full potential. The mission is to support and strengthen underserved communities in Washington, DC and surrounding areas.

City First is especially skilled in financing the acquisition and renovation of affordable housing, charter schools, facilities and working capital for nonprofit and faith based organizations and small businesses.

Position Overview:

The Community Development Finance Officer position is responsible for providing programmatic support to the Executive Vice President for Community Development, with a focus on compliance and reporting to the CDFI Fund, Federal Home Loan Bank and other public and private investors.

Programs to be managed include the New Markets Tax Credit Program, CDFI Financial Assistance Program and the Bank Enterprise Award program. In addition, reporting to the FHLB Affordable Housing and other community development programs and the National Community Investment Fund, is required.

Other duties will include assistance with new product development, support in the structuring of NMTC transactions, business and sales generation, and community relations.

Responsibilities:

• Manage various aspects of compliance to the New Markets Tax Credit, NMTC, Bank Enterprise Award, BEA, Financial Assistance program and other reporting and data collection duties for CDFI Fund programs. With respect to the NMTC compliance, very detailed and specific reporting at the project, fund and allocation agreement level is required;
• Responsible for reporting and monitoring of any funds received and other activities with the Federal Home Loan Bank or FLHB programs;
• Closing and execution of NMTC transactions Provide assistance in the application and certification process with respect to existing and potentially new CDFI applications, including BEA, NMTC, FA Oversight of accounting and payment/billing functions related to NMTC;
• Coordinate servicing aspect of projects including preparation of quarterly billings (interest payments) and distributions;
• Prepare statements of expenses and income as required periodically in consultation with the CFB and TBC accounting departments Maintain and coordinate NMTC accounts payable process for submission to accounting department, including approval of bills such as for audits;
• Provide staff support for the Board of Advisors for the CFC Fund Manager and support as needed to the City First Board of Directors Community Affairs;
• Develop customer relationships with community development organizations and other non-profits for potential NMTC projects as well as loans, deposits and other CFB products and services Maintain and update database of community development related organizations and entities;
• Provide assistance for community outreach and public relations activities, including requests for volunteers, contributions, donations and support for community events;
• Represent bank at various trade organizations and community sponsored events as appropriate.

Qualifications:

• Experience in banking, financial services or CDFI industry is preferred, with demonstrated ability to manage multiple projects, work independently, and effectively prioritize work;
• 5 - 10 years experience in community development, housing finance, or commercial lending;
• Experience with commercial or housing finance, government programs or complex financial or real estate transactions, and project monitoring and reporting required;
• Undergraduate degree in accounting, business, finance, community development, city planning or related field is required, graduate level education is a plus;
• Proficiency with Microsoft programs - Word, Excel, Access, Outlook High level of energy and professionalism, positive "can do" attitude, natural curiosity and strong motivation;
• Ability to understand complex web of entities used in community development or real estate finance required;
• Effective oral and written communication skills Interest and comfort in working in culturally diverse and urban environment that focuses on underserved communities;
• Ability to work well in a collaborative and team oriented environment.

To Apply:

Interested candidates can send their applications to Natalie Smith, HR Director, by email.

City First Bank is an equal opportunity/affirmative action employer.