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Community Development Financial Institution Cdfi Jobs

Asian Americans for Equality

NY · On-site

$14 - $16.30/hr

Internship Opportunity Position Summary Renaissance Economic Development Corporation (REDC), a nonprofit Community Development Financial Institution (CDFI), is seeking a motivated and detail-oriented ...

Southern Bancorp

Teller - Arkadelphia, AR

Arkadelphia, AR · On-site

$14.25 - $17.75/hr

As a Community Development Financial Institution (CDFI)--a special certification designated for institutions that serve predominantly underserved communities--Southern Bancorp combines traditional ...

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How much do community development financial institution cdfi jobs pay per year?

As of Jun 9, 2026, the average yearly pay for community development financial institution cdfi in the United States is $53,418.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,500.00 and $60,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive at a Community Development Financial Institution (CDFI), and why are they important?

To thrive at a Community Development Financial Institution (CDFI), you need a strong background in finance, lending, and community development, often supported by a relevant degree or experience in banking or nonprofit finance. Familiarity with financial analysis tools, loan underwriting software, and compliance systems such as CDFI Fund reporting is typically required. Excellent communication, relationship-building, and problem-solving skills are crucial for engaging underserved communities and building trust. These skills ensure that CDFIs effectively deliver financial services and support economic growth in disadvantaged areas.

What is the difference between Community Development Financial Institution Cdfi vs Loan Officer?

AspectCommunity Development Financial Institution (CDFI)Loan Officer
CredentialsVaries; often requires financial or community development experienceTypically requires a bachelor's degree in finance, business, or related field
Work EnvironmentNonprofit or financial institutions focused on community developmentBanking or lending institutions, working directly with clients
Employer & IndustryFinancial institutions dedicated to underserved communitiesBanks, credit unions, or lending companies

While CDFIs focus on providing financial services to underserved communities and often involve community development expertise, Loan Officers primarily evaluate and approve individual loan applications within banking institutions. Both roles require financial knowledge, but CDFIs emphasize community impact, whereas Loan Officers focus on credit assessment and lending processes.

What are Community Development Financial Institutions (CDFIs)?

Community Development Financial Institutions (CDFIs) are specialized organizations that provide financial services in low-income communities and to people who lack access to traditional banking. They include credit unions, loan funds, banks, and venture capital providers focused on fostering economic growth and opportunity. CDFIs support affordable housing, small businesses, and community facilities, often working with individuals and businesses that may not qualify for conventional loans. Their mission is to promote economic revitalization and community development, particularly in underserved areas.

What are the typical daily responsibilities of a professional working at a Community Development Financial Institution (CDFI)?

Professionals at CDFIs typically spend their days evaluating loan applications, conducting due diligence on potential borrowers, and working closely with underserved communities to identify financial needs. They often collaborate with local organizations, government agencies, and other stakeholders to develop and implement programs that increase access to capital. Additionally, CDFI staff monitors ongoing projects, provides technical assistance to clients, and ensures compliance with regulatory and reporting requirements. The role requires strong communication skills and a passion for community impact.
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Community Development Financial Institution Cdfi jobs near you
Infographic showing various Community Development Financial Institution Cdfi job openings in the United States as of June 2026, with employment types broken down into 2% As Needed, 73% Full Time, 24% Part Time, and 1% Temporary. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $53,418 per year, or $25.7 per hour.

CDFI / Community Finance Specialist

BVA Bear's IT Solutions

Boiling Springs, PA • On-site, Remote

Full-time

Medical

Posted 20 days ago

Job description

Benefits:
  • Health insurance

BVA Bears IT Solutions is seeking a CDFI / Community Finance Specialist, that serves as the subject matter expert for community development finance and capital access within the Appalachian Business Builders initiative. This role is responsible for providing technical leadership in the design, structuring, and financial modeling of a regional Community Development Financial Institution (CDFI) serving Allegany, Garrett, and Washington Counties. The Specialist supports ecosystem analysis, capitalization strategy, governance planning, and development of the final business plan and implementation proposal.
Work Location & Travel
Hybrid/remote work environment with periodic travel across Allegany, Garrett, and Washington Counties, in Western Maryland, for engagement sessions and research validation.
Essential Duties and Responsibilities
Community Finance Ecosystem Analysis (Ongoing)
Analyze regional capital access landscape, identify financing gaps, and support development of the Needs Assessment and financing gap analysis.
CDFI Structuring & Product Development (Milestone-Driven)
Define CDFI organizational structure and design lending products aligned with community needs and best practices.
Capitalization Strategy & Financial Modeling (Recurring)
Develop capital strategy including funding sources, investment opportunities, and financial projections to support sustainability.
Governance & Operational Model Support (Phase-Driven)
Provide input on governance structures, board composition, and operational models to ensure viability and scalability.
Business Plan & Implementation Support (Deliverable-Focused)
Develop financial and capitalization sections of the business plan and support implementation proposal development.
Stakeholder Engagement & Technical Advisory (Continuous)
Engage financial institutions, investors, and stakeholders; provide technical guidance on CDFI models and financing strategies.
Documentation, Compliance & Quality Assurance (Continuous)
Maintain audit-ready financial documentation, ensure compliance with funding requirements, and support high-quality deliverables.


Required Qualifications
Demonstrated experience in community development finance, CDFI operations, small business lending, or capital access initiatives; strong financial modeling and analysis skills; knowledge of rural financing environments; strong communication and technical writing skills.


Certifications
Community development finance or financial certifications preferred but not required.
Highly Valued Certifications
Certified CDFI Professional; Economic Development Finance Professional (EDFP); or equivalent experience.
Key Competencies
Community Finance Expertise; Financial Modeling; Capital Strategy Development; CDFI Structuring; Stakeholder Engagement; Strategic Analysis; Compliance and Documentation; Problem Solving.
U.S. Citizenship Requirement:
This position is restricted to U.S. citizens only in accordance with federal contract requirements. Applicants must provide proof of U.S. citizenship (such as a U.S. passport, birth certificate, or Certificate of Naturalization) prior to employment. Non-citizens, including lawful permanent residents (Green Card holders), are not eligible for this role.

Equal Employment Opportunity:
BVA Bears IT Solutions is committed to providing equal employment opportunities. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, gender, sexual orientation, gender identity, age, disability, genetic information, military/veteran status, or any other characteristic protected by law.

Flexible work from home options available.