Position Summary and Essential Functions:

OFN recently launched its long-term model for building and funding bold, replicable solutions for the CDFI Industry to unlock capital, scale innovation, and navigate a changing economy. Its CDFI Innovation Initiative is powered by three core program areas: an Innovation Council, an Innovation Center, and Innovative Capital Solutions that provides blended capital designed to drive high-potential ideas from concept to scale. The VP, Capital Solutions Lead will lead sourcing, underwriting, and structuring activity for OFN’s Innovative Capital initiative. This position will develop relationships across OFN, working closely with OFN’s Programs team, to support OFN’s innovation strategy.

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:

Innovation

• Leads origination activity for approximately $30 million in initial new investments through OFN’s Innovation Capital initiative for a complex suite of impact investment products including grants, equity, and debt instruments:
• Stays abreast of market trends and sources potential investments through active outreach and relationship-building with OFN members and stakeholders;
• Analyzes quantitative information including historical performance, financial statements, and projections;
• Assesses qualitative information, including mission alignment, impact achievement, operations, management functions, and capacity to scale,
• Conducts financial analysis, including building financial models to inform investment structure, terms, and assess risk;
• 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.
• Develops underwriting frameworks, policies, and procedures for OFN’s Innovation Capital initiative.
• Analyzes economic data, market research, industry trends, and portfolio data to inform business strategies and identify opportunities for growth and risk mitigation.
• Actively engages in cross functional collaboration related to OFN’s innovation work across the organization, including, but not limited to OFN’s Development & Capitalization, Programs, and Network Services teams.

Balance Sheet Investment Originations and Business Development

• Leads originations for OFN’s core balance sheet CDFI lending activity, including analyzing financial statements, loan portfolios, lending policies and procedures, management teams through OFN’s CAMEL framework.
• Supports monitoring and reporting activity in coordination with the Credit Risk & Portfolio Management team. Supports closings, and fund disbursements in coordination with the Investment Operations team.
• Represents OFN at industry conferences, panels, and webinars.

Leadership & Team Development

• Trains and mentors Investment Originations and Credit Risk & Portfolio Management staff.
• May have supervisory responsibilities.
• 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.
• 8 to 12+ years of finance-related professional experience required such as microfinance, lending, impact investing, investment banking, or private equity. 5 to 8+ years of finance-related experience with a graduate degree.
• 5+ years demonstrated experience with financial statement analysis, financial modeling, equity and credit analysis and underwriting is required.
• Experience with impact investment equity and debt analysis is required.
• Experience investing in financial institution innovation, CDFIs, or microfinance institutions is required.
• Experience with the CDFI Industry is preferred.
•  Experience in capital markets is preferred.
• VP, Capital Solutions Lead or VP, Capital Solutions title will be determined by experience level.
• VP, Capital Solutions: 8+ years finance-related professional experience required such as microfinance, lending, impact investing, investment banking, or private equity, 5+ with a graduate degree.
• VP, Capital Solutions Lead: 12+ years finance-related professional experience required. 8+ with a graduate degree.

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.