Black Renaissance Director

POSITION SUMMARY: 

The Black Renaissance Fund Director (BRFD) is an integral member of the senior management team who works closely with and reports to the President/CEO (CEO). The BRFD serves as the point person for the African American Alliance of CDFI CEOs’ (the Alliance) revolving loan fund and is responsible for leading all aspects of its day-to-day operations. This includes fundraising and external relations, outreach/marketing, pipeline migration, and portfolio management. This person will also oversee and be responsible for external reporting and compliance for the fund while serving as the critical link between the management team and the broad activity of the fund. He/she must understand that funder relationships and funding opportunities should align with the diverse interests of CDFIs of varying asset sizes, impact focuses, and resource needs. The BRFD will need to have and build relationships with external industry networks, foundations, and other funding stakeholders. The primary goal is to advance the Alliance’s mission to build capacity for its members and close the capital gap for Black-led CDFIs. This is a visible role internally with Alliance staff, Investment, Finance, and Sustainable Business Committee, and the Board of Directors. This role would suit an individual of outstanding ability with at least five years of experience in non-profit lending and fund management. This is a newly created position. 

This position is fully remote.

PRIMARY RESPONSIBILITIES: 

Lead the implementation and execution of the Black Renaissance Fund (BRF) 

  • Oversee all aspects of the Alliance’s fundraising and development for the BRF 
  • Manage deadlines, evaluate and monitor BRF performance against annual goals, and prioritize activities accordingly. 
  • Works with the Alliance’s Marketing & Communications team to develop a marketing strategy and execute the plan, broadly promoting the BRF to potential investors. 
  • Convene and facilitate key internal and external meetings for the program as needed. 
  • Develop annual operating budgets for BRF in line with the strategic plan and annual work plan, working in partnership with the CEO and management team. 
  • Administer the Alliance’s credit policy to ensure effective systems and work processes. 
  • Manage fiscal responsibilities for the fund, including grantmaking, financial reporting, funder compliance, and monthly risk analysis / diagnostic reporting to management and staff 
  • Assists in defining the fund structure, optimal third-party service provider roles, effective team composition, and proper distribution of assignments. 
  • Manages the Alliance’s loan portfolio, reporting progress and updates to the Investment, Finance, & Sustainability committee and Board of Directors 
  • Serves as a liaison for the financial audit and primary contact for corporate and financial firms & funders 
  • Manage all contractual relationships for the BRF 
  • Lead special projects directly as assigned and conduct other duties as assigned. 

DESIRED COMPETENCIES AND ABILITIES: 

The ideal candidate will have demonstrated operational management and leadership experience, strong business management skills, and will have successfully helped establish or lead mission-focused loan funds. The ideal candidate will also possess: 

  • Exceptional capacity for managing and leading other professionals and effectively facilitating priorities by navigating competing demands. 
  • Proven interpersonal management skills, strong emotional intelligence, and effective communication skills. 
  • Strong attention to detail and analytical skills 
  • Demonstrated ability to raise funding through various forms of capital campaigns, meeting or exceeding annual targets • Motivated to work in a dynamic, hard-working environment, able to meet new challenges and evolving priorities effectively. 
  • Able to connect and communicate with individual staff and the larger team, be adept at ensuring accountability, and develop and empower top-notch leadership. 
  • The candidate will have a strong understanding of and experience in the CDFI industry and community economic development. 

EDUCATION AND/OR EXPERIENCE 

  • An undergraduate degree in Business, Fund Development, or another related field is preferred 
  •  At least seven years of non-profit organizational management and operations experience in complex and multi-faceted organizations. 
  • At least five years of experience in fund management including product design, investment structuring, risk mitigation, credit policy development & administration, pipeline management, underwriting, prudent closing procedures, loan servicing & collections, grant administration, and reporting compliance. 
  • Working knowledge of the CDFI industry, its ecosystem, and its challenges. 
  • Experience managing leadership teams composed of diverse internal and external stakeholders. 
  • Ability to think strategically, anticipate future consequences and trends, and build organizational components to address dynamic circumstances. 
  • Proven track record of problem-solving, adapting to changing circumstances, managing evolving priorities, and exceeding goals. 
  • Evidence of making sound business decisions and drawing on analysis, good judgment, and life experience. 
  • History of successfully managing business growth and aligning operations to support strategic priorities. 
  • Ability to manage competing priorities and facilitate evolving demands among a professional team. 
  • Proven track record in project management, administration, and financial management. 
  • Broad experience with business functions, including development and planning, budgeting, business analysis, and information systems. 
  • Knowledge and experience in banking, housing, real estate development and finance. 
  • Able to act and react as necessary, even if limited information is available. 
  • A thorough understanding of finance and operating systems. 
  • Excellent time management and organizational management skills. 
  • Strong social justice values; mission driven. 
  • Competent in the latest office software; ability to learn additional core programs. 
  • Excellent oral and written skills, meeting facilitation, and business negotiation skills. 

The duties listed above are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to the position. The team member profile does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change 

Application Information: 

Please provide a cover letter and resume via email to: [email protected] 

About the African American Alliance of CDFI CEOs. 

The Alliance is a membership-driven intermediary organization that aims to: build the capacity of member organizations; build bridges to economic stability, well-being, and wealth for Black individuals, families, and communities; and build power in Black communities by challenging and influencing financial sectors to operate more equitably. 

Visit our website for more information – www.aaacdfi.org