Investment Operations Assistant Jobs in Silver Spring, MD

Position Summary and Essential Functions:

The Vice President, Sector Lead Investment Originations will be primarily responsible for leading originations and business development for OFN’s Investment Services team. With over $500 million of primarily debt investments under management across over 180 investees, OFN’s Investment Services team will continue its core balance-sheet CDFI lending activity and execute new capital solutions under OFN’s recently launched CDFI Innovation Initiative. The VP, Sector Lead Investment Originations serves as the market lead and expert for their designated sector(s). They will develop relationships with OFN’s members, recommend new investment strategies, and underwrite investments and passthrough grants. They will represent OFN at industry events and become a sector resource for members.

OFN is the nation’s leading investment intermediary and network CDFIs serving rural, urban, and Native communities across the United States. With over $1 billion in total assets under management, OFN manages a national membership network of over 490 mission-driven lenders and CDFIs, including community development loan funds, credit unions, green banks, community development banks, minority depository institutions, and venture capital funds. OFN is a trusted investment partner to the public, private, and philanthropic sectors – foundations, corporations, banks, government agencies, and others. For more than 40 years, our team has helped partners invest in communities to catalyze change and create economic opportunities for people and places traditional finance doesn’t reach.

To learn more, visit www.ofn.org

People who work at OFN come from a variety of professional and academic backgrounds. If you have:

• Passion for the mission and true believer in our core purpose.
• Courage to be a fearless advocate who is confident and resilient in our fight to drive capital into low-income communities.
• Smart, quick seekers of knowledge who thrive on creating and developing new strategies, products, and programs for increasing capital to communities we serve.
• Desire to be a collaborative team player who possesses humility and a willingness to lean in all areas of our work.

Come be a part of our growing diverse, highly committed, skilled, and collaborative staff. At OFN, we are dedicated to building a diverse, inclusive workplace, so if you are excited about this role but your experience does not align perfectly with every qualification, we encourage you to apply nonetheless. You may be the right candidate for this or other roles.

This position is based in Washington, D.C. All staff currently work a hybrid schedule with remote flexibility.

Core Responsibilities:

Balance Sheet Investment Originations

• Leads originations and business development for OFN’s investments in their designated sector(s).
• Develops investment strategies and underwriting guidelines for debt, equity, and passthrough grant investments.
• Stays abreast of designated sector trends and opportunities and shares insights with OFN and members.
• Leads the underwriting of both designated sector-related and CDFI general balance sheet investments.
• Analyzes CDFI financial statements, loan portfolios, lending policies and procedures, management teams, and strategies to determine the degree of risk involved in investment. Recommends risk mitigation strategies.
• Prepares investment memoranda, synthesizing the business and impact case and the potential risks and mitigants of a project and presents to OFN senior leadership and internal and external investment committees; and
• Strategizes and supports the negotiation of investment terms and development of legal documents.
• Maintains ultimate accountability for investment performance by developing strong relationships with OFN’s borrowers. Assists in the portfolio management of OFN’s investments.
• Manages member engagement in their designated sector for Investment Services. Leads member and borrower site visits when needed.
• Assists the Investment Operations team to complete loan closings, documentation, and fund disbursements as requested.
• Represents OFN at industry conferences, panels, and webinars.

New Products and Structures

• Supports the SVP, Head of Investment Originations in structuring new and innovative investment products and funds that drive more capital to the community development field.

Collaboration & Coordination

• Works closely with the Credit Risk & Portfolio Management group to keep abreast of investee performance and developments for new investments.
• Develops relationships across OFN, working closely with OFN’s Development Services and Membership teams, to support OFN’s mission and members.
• Actively engages in loan monitoring, restructurings, modifications, and watchlist loans in coordination with OFN’s Credit Risk & Portfolio Management group.
• Ensures the successful transition of approved investments from underwriting to closing and active portfolio management.
• Supports the execution of OFN’s Innovation Initiative.
• Partners across OFN and collaborates with other teams to support OFN’s mission.

Leadership & Team Development

• Leads Investment Originations strategies and business development for designated sector(s).
• Trains and mentors Investment Originations and Credit Risk & Portfolio Management, staff.
• Has management responsibilities for Investment Originations Associates and Senior Associates.
• Fosters a culture of accountability, transparency, and collaboration within the Investment Services team.

Education and Experience:

• Bachelor’s Degree or 7-10 years direct work experience in lieu of a degree.
• Chartered Financial Analyst (CFA) or master’s degree in a relevant field of study, not required but preferred.
• 12+ years of finance-related professional experience required such as microfinance, lending, impact investing, investment banking, or private equity. 8+ years of finance-related experience with a graduate degree.
• 5+ years demonstrated experience with financial statement analysis, financial modeling, credit analysis, or debt underwriting is required.
• Demonstrated experience writing and presenting detailed investment recommendations with an emphasis on clarity, conciseness, and relevance.
• Experience with the CDFI industry, microfinance, or impact investing is preferred.
• Experience with investing in or analyzing financial institutions and/or nonprofits is preferred.

Knowledge, Skills, Abilities, and Physical Requirements:

• Strong analytical and financial modeling/analysis experience. Advanced knowledge of MS Excel.
• Exceptional writing skills including experience presenting complex subject matter to nonexperts in understandable terms.
• Related experience in underwriting and structuring investment strategies that generate positive social impact related to community and economic development (i.e., affordable housing, entrepreneurship, quality jobs, financial inclusion).
• Must possess a strong passion for, understanding of, and commitment to OFN’s mission, vision, and values. In addition, be a fearless advocate, who is confident and resilient in OFN’s fight to drive capital into low-income communities.
• A collaborative team player who possesses the interpersonal skills to work across all levels of the organization, humility, and a willingness to learn in all areas of our work.
• Be a strong team contributor, effective and comfortable in leading as well as supporting roles within teams.
• Be a smart, quick seeker of knowledge with the ability to think strategically, creatively, and tactically to analyze results and assist in implementing plans for increasing capital to communities we serve.
• Solid understanding of accounting principles with ability to apply knowledge to assessing risk and performing financial underwriting.
• Demonstrated leadership ability with superior interpersonal skills and ability to work well with diverse constituents.
• Superior organizational skills and ability to manage multiple tasks effectively and efficiently under minimal supervision as well as ability to set priorities and meet deadlines under pressure without sacrificing quality.
• Understanding of loan and equity documentation and risk mitigation strategies.
• Some travel (15% of time).
• Job involves normal physical requirements for an office position

EOE

Supervisor: SVP, Head of Investment Originations

FLSA Status: Exempt

The budgeted salary range for this position is $144,000 to $160,000 annually. The salaried offered may vary commensurate with the candidate’s unique qualifications and experience.

Salary is one part of OFN’s comprehensive total rewards package, which includes benefits like dental, health, and vision care plans, and family-building benefits like hybrid work arrangements to promote a better work-life balance. OFN also offers Lifestyle Spending Account, Employee Assistance Program, and mental health benefits. To maximize teammate financial well-being, OFN offers financial education and auto-enrollment in the company's 403(b) plan with employer contributions. To maximize professional growth, OFN provides professional development dollars for each employee, alongside learning and development opportunities.

Thank you for your interest in joining the OFN team in our effort and commitment to create opportunity for all.