Analyst - Chicago, United States - NATIONAL COMMUNITY INVESTMENT FUND
NATIONAL COMMUNITY INVESTMENT FUND
Chicago, United States
Verified Company
2 hours ago
Description
Job Title:
Analyst
**Reports to: Head of Line of Business to whom assigned
National Community Investment Fund (NCIF), national nonprofit Community Development Financial
Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products
and services in underserved communities. Total assets under management at NCIF are approximately
$226 million, including $166 million outstanding New Markets Tax Credits (NMTC) deployments
allocations. In 2019, NCIF launched a $30 million Credit Strategies Fund for lending and is in the
process of raising another $15-$20 million of debt capital to support growth and impact. NCIF
achieves its mission via three complementary business lines:
- Equity Investing in mission-oriented Certified Development Financial Institutions (CDFI), Minority
change across the US and its territories. These can be banks and non-banks as well as large
corporates that act as anchors in communities. NCIF is the largest investor in the CDFI banking
industry, with investments in ~10% of all certified CDFI Banks. We are exploring to make
strategic investments in corporations that reduce climate change.
- New Markets Tax Credits: Since 2003, NCIF has received over $401 million in NMTC allocations
other nonprofit and for-profit impact-oriented businesses in partnership with local CDFI
institutions; and
- Lending: NCIF makes loans in partnership with CDFIs, MDIs, and MOFIs to enhance the impact of
- Impact measurement is the foundation of NCIF's work and supports all our business lines. NCIF
NCIF is looking for an Analyst with strong financial and credit risk analysis skills to support its growing team.
S/he will get exposure in credit, investing, lending, impact, and new initiatives (such as climate finance).
Responsibilities:
these responsibilities are assigned based on which department the person is assigned.
. Credit and investment underwriting and financial analysis
a. Analysis of credit risk - Assist in lending and investing, gather data and perform due
diligence on borrowers/guarantors; spread financials statements and create
projections for financial statement analysis, repayment analysis, and risk assessment.
Stress test financial projections.
b. Analysis of equity investments - understand bank and corporate financial statements
for investing for impact; spread financial statements and create projections for target
returns and risk assessment. Stress test projections.
c. Perform annual reviews
. Portfolio and asset management
a. Assist in portfolio and asset management, as assigned.
b. Assist Director of Asset Management to ensure all transactions comply with
covenants and financial projections; preparation of reports for investors and
lenders on portfolios around financial and impact performance; Support
portfolio and compliance departments with post close
monitoring/reporting.
. New initiatives
a. Assist in research and product development of new initiatives such as climate finance and data
analytics
a. Passion for community development and for improving the lives of individuals in underserved
communities.
b. Bachelor's degree (or equivalent work experience), preferably in business, accounting, or finance
with 1-3 years' work experience. Graduates with strong analytical skills may apply.
c. Demonstrated understanding of credit and financial analysis and portfolio risk management, with
formal credit training a plus.
d. Experience in commercial real estate, investing, accounting, asset management, non-profit and
lending departments would be a plus. Experience working with a CDFI in NMTC or lending
compliance/portfolio management will be a plus.
e. Strong presentation skills - both oral and written.
f. Proficiency in MS Office with strong expertise in MS Excel
g. Resident of Chicago, willing to relocate or work on a hybrid schedule.
Other
We value our employees' time and efforts. Our commitment to your success is enhanced by our competitive
compensation and an extensive benefits package including paid time off, medical, dental and vision benefits.
NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without
regard to race, color, religion, national origin, sex, age, disability, veteran status or sexual orientation except
where such distinction is required by law.