Latest CDFI job opportunities:
Chief Executive Officer, Coventry and Warwickshire Reinvestment Trust
Senior Business Loans Officer, Fair Finance
Chief Executive Officer
Coventry and Warwickshire Reinvestment Trust
Salary range £45,000 – £60,000, salary offer will be commensurate with experience,
Coventry and Warwickshire Reinvestment Trust is a not-for–profit Community Development Finance Institution which principally aims to provide finance for start-up, small and medium sized enterprises which have difficulty in raising finance elsewhere. Our funding comes from a number of sources including the European Regional Development Fund, Coventry City Council, Warwickshire County Council, and the Start-up Loans Company. CWRT, which was founded in 2004, currently has a loan portfolio of approaching £2,000,000 and intends to expand its activities, raise its profile and to become one of the leading organisations of its type in the country.
Following the departure of its founding CEO we are now looking for someone who can lead our vision for the future. The ideal candidate will have senior management experience, preferably in a finance-based organisation, and have an understanding both of the Community Development Finance and the business support sectors.
Lead strategic growth of organisation – positioning it as a leading CDFI
Significantly increase loan activity across all programmes
Ensure programme delivery on target and to deadline
Build key partnerships with local, regional and national organisations with the aim of developing and improving services
Develop commercial opportunities for CWRT, including new products
Develop business support activity, including web-based mentoring and resources
Provide effective leadership and management
Work collaboratively with CWRT Board
The successful candidate will have had senior managerial experience with a broadly comparable organisation (this could be a third sector enterprise/finance-based agency or other business support organisation)
Demonstrable understanding of the sector, the drivers and the history of the CDFI movement
Experience of delivering within European and other public funding streams
Proven strategic leadership and team management capabilities
Experience of managing change
Experience of working collaboratively with partners and building professional alliances
We will also strongly favour candidates:
With a demonstrable experience of leading growing organisations
With an understanding of the nature and operation of current and potential partners, such as Local Enterprise Partnerships, local government, CDFIs and other agencies in the financial sector
With an understanding of management accounting and money lending procedures
Who either lives in the region or is willing to relocate to within normal daily commute distance of CWRT’s offices
Please send your CV to Bali Kaur, firstname.lastname@example.org. If you would like an informal discussion about the role, please call Sally Arkley, interim CEO, on 02476 551777
The closing date for applications is Friday, 21st March 2014. Interviews will be held in Coventry on Tuesday, 8th April 2014
Senior Business Loans Officer
Fair Finance is a not for profit social business attempting to tackle unfair lending in London, and potentially the UK. It competes directly with usurious and predatory lenders, offers people advice and support to manage their finances sustainably and campaigns for change. It is recognised as one of the most high impact community finance organisations in the UK and has a presence both nationally and internationally, recently winning a Big Society Award. Senior Business Loans Officer Job reference: FFBL02 Reports to: Business Loans
Job reference: FFBL02
Reports to: Business Loans Manager
Type: Full Time
Salary: £23,000 to £27,000 dependent on experience
The Senior Business Loans Officer will be responsible for developing and managing a portfolio of small business lending (loans of up to £20k) relationships in a fast growing team. The post holder will have strong commercial awareness and numerical skills, and will require a minimum of 2 years previous experience of lending to businesses.
As with all parts of Fair Finance much of this job will involve dealing with clients – in person or by phone. You will be part of a small team and as a senior business loans officer you will be expected to take initiative and support junior team members as needed. You will also need to quickly take on responsibility for approving loans.
Small businesses are engines of economic growth and job creation in their communities, and whether it’s helping to manage their working capital, or financing capital expenditure to grow their business you’ll take pride knowing you are helping local businesses and economies to grow.
We understand that some of the best motivation and performance comes from having meaning to your job and that a successful career is only part of the equation. We will give you the environment to help clients not only make the right choices but also to help people in our communities to improve their standards of living. This is a role in an exciting and busy social business where we are looking to employ people to work up through the organisation as they develop.
Your tasks and responsibilities which will focus on the following areas:
1. Credit analysis, lending recommendations and loan approvals
Conducting thorough analysis of financial data, market information and company status to establish the credit-worthiness of individuals and the viability of their business plans.
Making lending recommendations and taking accountability for them.
Approving loans within a delegated approval authority.
2. Client contact and team support
Acting as the first port of call for prospective and existing clients you will provide excellent customer service and support to deepen relationships with new and existing clients.
Provide input into future strategy for Fair Business Loans and help to execute it.
Act as a role model for junior loan officers and assist with their training.
3. Documentation and compliance
Ensuring loan documentation is accurate and explained clearly to clients in line with regulatory requirements.
Apply Know Your Customer (KYC) and anti-money laundering checks and controls.
4. Monitoring and management of non-performing loans
Maintaining oversight of existing client relationships through regular reviews and site visits, you will spot early warning signs of businesses in distress and manage and support non-performing clients once identified.
You will be expected to be involved in recoveries and assist with the collections team’s efforts as required.
5. External professional network
You will build strong professional relationships with a variety of people and organisations within the local community to generate a pipeline of new clients and ensure clients are obtaining appropriate business development support.
Closing date: Saturday 29th March 2014
For more details download Senior Business Loans Officer – Job Description
If you are a CDFA member, send us your job adverts to email@example.com – we will upload them free of charge.
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.”