Latest CDFI job opportunities
Plymouth – £30,000 package (pro rata, 2 days per week)
Fredericks Foundation is looking for someone with business or lending experience to set up and run a new business microloan fund for Plymouth. The job will involve networking with the business community and assessing applications from those keen to start their own business but declined finance by the banks.
For an application pack email: firstname.lastname@example.org
Closing date: 30th September 2014
For further details please visit the website.
What is it like working for a CDFI?
People join CDFIs from a number of different routes. Many have previously worked for high street banks, and find that by working for a CDFI they can use the same skills to benefit the local community. Others have come to CDFIs from other social enterprises and voluntary organisations. See the current job opportunities being advertised by CDFA members. Below, CDFI practitioners from around the country explain how they came to join the sector and why they find it so rewarding. “The rewarding part is seeing the difference we make” Elaine Rimmer, Chief Executive, Lancashire Community Finance Elaine Rimmer, Chief Executive, Lancashire Community Finance “I was previously a manager with a national bank. As a result of their reorganisation, I took a redundancy package and was looking for work closer to home in Preston. Then I saw a job advert for a new CDFI that was being established. They needed someone to take it through to implementation, and to manage it from there on. It appealed to me not only because of my personal circumstances, as it was based in Preston, but also because it matched my skillset. I was aware of financial exclusion issues from my work with the bank and wanted to make a difference. I looked more closely at the CDFI sector – the cdfa had just been established at the time – and decided it was right for me. The rewarding part is seeing the difference we make. As opposed to a large organisation where the impact of what you are doing might be felt hundreds of miles away, here there’s an immediate impact. We may not change people’s lives overnight but we can really empower them. I also take sa tisfaction from our success, and the fact that we’ve exceeded the targets that were set for us in our original business plan.” “I consider it a privilege to be part of the CDFI sector” Eric Munro, current board member of three CDFIs and Director of Community Banking for the Royal Bank of Scotland “I’ve always had an interest in regeneration and the eradication of poverty. I was very aware that one of the main challenges was access to appropriate finance. There were a number of ‘soft loan’ funds in the 1990s for businesses that couldn’t access finance, which were a kind of forerunner to CDFIs. I used to sit on the panel of some of these loan funds as I had a personal interest in that area. DSL, an enterprise lender CDFI based in Glasgow, grew out of one of those loan funds and I joined its Board. From there I went on to join the Boards of other CDFIs in London, Manchester and Glasgow. Coming from the mainstream banking sector, it was an opportunity for me to use the skills I have in a different way. The geographic and market diversity of the CDFIs gave me a deeper understanding of the issues and an insight into possible solutions. Despite some bumps in the road we’ve come a really long way in a relatively short period of time, and I find that very satisfying. I get tremendous satisfaction and fulfilment from working with passionate people who against the odds are every day making a real difference to the lives of ordinary people. I consider it a privilege to be involved with the CDFI sector.” “It appealed to me because it was about serving communities” Mark Howland, Marketing Manager, Charity Bank “Having completed a degree in marketing, I took a placement at Investors in Society, which went on to become Charity Bank. I wanted to use the skills I’d learnt on my degree in the charitable sector – not just making more money for rich people. It appealed to me because it was about serving communities. I feel that in the UK we’re not one big community, but lots of small isolated ones. I think our work can help to address that. I find it rewarding when I meet with the organisations we’re supporting. It gives great satisfaction to see at first-hand how Charity Bank’s support is helping to change lives.”