Development Financing and Compliance Fellow - Chicago, United States - HABITAT FOR HUMANITY CHICAGO

Description

Benefits:

• Competitive salary
• Employee discounts
• Training & development

Background:
This is a full-time, 9-month contract.

The fellow will be introduced to various institutional sources of funding, including government, foundation, and corporate entities, and participate in building and strengthening those relationships.

This fellow will help develop compliance systems for various federal, state, and local government funding programs while learning about institutional financing opportunities.

Following the fellowship, they would be a ready asset to any affordable housing development team.

The key goals of this fellowship are:

• Research new sources of institutional funding for affordable housing (i.e. New Market Tax Credit, HOME, congressionally directed spending, and other city, state, and federal sources)
• Identify all compliance requirements of existing and future funding sources and contribute to the development of compliance systems and procedures.
• Manage assigned compliance activities effectively.

Upon completion of this fellowship, the fellow will be well-situated to continue working in community and economic development roles at various levels and within different sectors.

Overview:

Habitat for Humanity Chicago (Habitat Chicago) is a nonprofit organization that works to champion healthy neighborhoods by investing in resident priorities, supporting homeownership, and building quality homes.

We believe in a world where everyone has a decent place to live, and we invite people of all backgrounds to work towards this vision together in our three focus neighborhoods of West Pullman, Greater Grand Crossing, and Austin.

Position Summary:
The
Development Financing and Compliance Fellow is responsible for all pre
- and post
- award financial grant arrangement functions and workflow processes including budgeting, reporting, and compliance with all federal, state, and municipal government grants, and ensuring Habitat Chicago complies with all deliverables. This includes financial compliance, reporting, and monitoring of subrecipients. This role is expected to utilize a high level of organizational, communication, and critical thinking skills, in addition to independent judgment in making decisions within the realm of their responsibilities. This position will serve as the funding compliance liaison to the Leadership Team, administrators, and support staff in all areas of interpretation, performance, and fiscal responsibility, as well as liaison to the grantor/agency officer as warranted.


Key Responsibility:
Funding Management (50%)

• Explore and advance affordable housing finance tools (e.g., tax credits, public funds, etc.), developer partnerships, and new public funding to drive growth.
• Provide leadership in executing postaward services until funding closeout while maintaining a thorough understanding of a wide variety of grants, agencies, and government guidance documents in compliance with federal, state, and municipal funding guidelines.
• Design and implement a comprehensive plan for funding awarded to Habitat Chicago, ensuring implementation of all proposed activities and that program outcomes are met.
• Analyze and maintain guidance documents for program staff managing each new grant award.
• Collaborate with and assist the Institutional Giving Manager, administrative staff, and other staff throughout the grant terms to ensure legal and ethical funding implementation as well as ongoing grantrelated program, financial, and administrative functions.
• Coordinate with and assist program staff to ensure the hard copy, electronic, and/or online funding reporting is timely and of high quality.
• Assist in monitoring the timely expenditure of funds, addressing any discrepancies and concerns with grant Programs Director and Administrator.
• Maintain close communications with the Finance and Operations Director to support financial accounting, reporting, and audit functions related to awarded grants.
• Lead the organization in funding compliance review and site visits by external agencies.

Key Responsibility:
Compliance, Reporting, and Systems (30%)

The Development Financing and Compliance Fellow partners with various teams to support workstreams tied to developers, public funding, and land acquisition, ensuring all tracking and compliance reporting processes are in place and meet the needs of the organization and the various private and public partners.

• Lead design and development of regulatory tracking processes for all grants, redevelopment agreements. Ensure accurate and ontime compliance reporting.
• Produce data and reports for internal and external monitoring and reporting.
• Establish systems for organizing data and budget tracking.
• Evaluate and perform necessary budget tracking and procurement inquiries in database operating system.
• Document policies and procedures related to specific funding awards.
• Develop funding compliance handbooks.
• Assist