As part of the GIIN’s mission to accelerate the scale and effectiveness of impact investing, we publish job openings from members of the GIIN Investors’ Council and other impact investing leaders.

Lending and Compliance Associate

at Partners for the Common Good in Washington, DC

About the Job

Partners for the Common Good (PCG), a Washington, DC based community
development loan fund, is seeking a Lending and Compliance Associate.

The Lending and Compliance Associate is an entry-level position with responsibilities in the lending and compliance areas of Partners for the Common Good. The incumbent will manage the servicing and compliance for PCG’s growing lending and New Markets Tax Credit portfolio, and will provide additional support to portfolio management. This position reports to the Director of Portfolio Management and will work closely with both the accounting and lending teams of PCG. This position is full-time.

Job Duties and Responsibilities:

  • Input transactions into and maintain loan system (Portfol), manage system updates, and generate monthly portfolio reports
  • Generate monthly invoices and manage payments and disbursements from
    lending partners and borrowers; advise Director of Portfolio Management of any
    potential problem areas and propose solutions
  • Manage borrower covenant compliance and ensure timely receipt of required
    financial reporting
  • Manage NMTC compliance and quarterly invoicing
  • Contribute to loan production goals by assisting with loan closings and maintaining closing checklists and loan files
  • Assist lending team with loan file audits
  • Work to further develop and evolve PCG’s automated systems (currently
    Salesforce)
  • Collaborate with internal staff to ensure timely reporting to investors and
    stakeholders
  • Collect and analyze data to contribute to funding applications as needed
  • Schedule credit committee meetings and take minutes
  • Assist with other portfolio management, compliance, and analytical functions as
    needed

Qualifications

The Lending and Compliance Associate position is perfect for a recent college
graduate or professional with less than three (3) years of experience in either
accounting, loan servicing, compliance, or reporting and is interested in enhancing
these skills within the CDFI Industry. The position requires a responsible individual that is a self-starter, problem solver, and has keen attention to detail. The Lending and Compliance Associate must have strong organizational skills and the ability to multi-task and meet deadlines. Computer literacy in Microsoft Office environment (particularly Excel) is required. Individual with a bachelor’s degree in accounting, or related field, such as business or finance is highly desired. Experience in the CDFI field, banking, or real estate development related to accounting or lending functions is a plus.

Competitive salary, excellent benefits and a pleasant, challenging work environment. PCG is an equal opportunity employer.

For more information about the organization, and to apply, please visit our website at www.pcgloanfund.org.

To apply

Please visit our website at
http://www.pcgloanfund.org/lending-and-compliance-associate

Partners for the Common Good

Founded in 2000, PCG’s mission is to advance economic justice and opportunity for
low-income people and communities. We do this by partnering with CDFIs and socially motivated investors across the United States to serve borrowers that promote affordable housing, neighborhood revitalization, and healthy communities through support of education, community health centers, human service providers, day care and others.

PCG founded the CDFI industry’s first wholesale loan participation network that today has partnered with nearly 50 CDFIs in Washington, DC and 36 states, originated $90 million in participation transactions, and currently has an outstanding portfolio of $29 million.

PCG also participates as a community development entity (CDE) allocating New
Markets Tax Credits (NMTC). PCG received $50 million in NMTC allocations and to date has closed eight (8) transactions for a total of $50 million in allocations.

PCG is leading the CDFI industry into the digital sector with its groundbreaking
CapNexus platform (CapNexus.org). CapNexus matches community development
finance opportunities with sources of capital. The platform has 800+ users and has
posted over $1 billion community development transactions.

PCG is also a leader in social impact assessment and public policy advocacy. Our
work is pioneering in its creation of new tools and infrastructure for community
development finance organizations to manage portfolios and grow scale and impact.

PCG’s office is located in Washington DC.