Executive Director
Description:
The Community Loan Fund of the Capital Region, a nonprofit community development financial institution, is seeking a full-time Executive Director. The position will be vacant as of December 31, 2024 and an Interim Executive Director will manage the organization until the position is filled.
OVERVIEW
The Community Loan Fund pools capital from socially-concerned investors, grantors and donors and uses this capital to finance nonprofit projects and small business initiatives benefiting local communities in the eleven counties of the Capital Region of New York State. Since 1985, the Fund has made more than 1,020 loans totaling more than $79 million, and resulting in more than 1,790 units of affordable housing created or preserved, more than 245 commercial facilities purchased or renovated, more than 340 loans made to entrepreneurs who are either African American, low-income, or located in low-income census tracts, and more than 4,160 jobs created or retained. The organization is also a collaborative partner in several community development efforts. For more information, please visit: www.mycommunityloanfund.org.
Objectives of role of Executive Director
Organizational Development and Management: Work closely with and report to the CLFCR Board of Directors; lead the development of year-by-year goals and activities and long-term strategic planning; build and maintain strategic networks and partnerships with local and state entities; promote community impact and growth as an organization. The Executive Director position also includes being the Executive Director of the Albany Center for Economic Success (ACES) and working closing with and reporting to the ACES Board of Directors.
Human Resource Development and Management: Oversee the recruitment, development and management of professional staff and volunteers.
Fiscal Management: Work in conjunction with the CLFCR Board of Directors, CLFCR Audit Committee, CLFCR Finance Committee, and CLFCR staff accountant, overseeing of all aspects of budgeting, financial management, accounting and ensuring compliance with U.S. Department of the Treasury/Community Development Financial Institutions Fund regulations as well as compliance with terms and conditions of all executed grant awards.
Fundraising and Capitalization: Work with the Director of Community Development, CLFCR staff and Board committees to ensure that necessary private and public resources are secured for lending, operations, special projects and institutional growth.
Program and Product Development: Lead the development and implementation of new initiatives, products and services working with the Board of Directors, Director of Lending, Director of Training and Technical Assistance, Director of CIT Operations, Director of Community Relations and Development and CLFCR staff.
Project Underwriting and Asset Management: Work with the Director of Lending, the Board and Committees of CLFCR to insure that loan underwriting and decision-making are sound and consistent with the organization’s mission; oversight of multi-faceted portfolio of nonprofit, small business, microenterprises, and investments from community stakeholders; oversight and management of the ACES building located at 255 Orange Street and 236 Clinton Avenue while working and reporting to the ACES Board of Directors; oversight and management of CLFCR’s Community Investment Trust project located at 153 S. Pearl Street.
Community Relations: Work with the CLFCR Director of Community Relations and Development, CLFCR and ACES Board and committees; serving as both organizations’ primary representative in community; promote CLFCR/ACES at local and state functions; develop and maintain relationships with community partners and local officials.
Required skills and qualifications
Qualifications: To fill this position, the Community Loan Fund is seeking an ambitious, entrepreneurial person who is committed to the values implicit in the Fund’s mission and whose experience and skills ideally combine the following:
Substantial work experience in the community development field
Substantial work experience regarding the financing of community development projects and small business initiatives
Substantial work experience that entails financial management and knowledge of nonprofit accounting principles
Substantial work experience that entails the oversight and coordination of the work of others
Work experience relative to fundraising needed to sustain a successful nonprofit organization
Bachelor's degree and/or graduate work in relevant fields preferred. (significantly experienced and qualified candidates without a bachelor’s degree will be considered)
Well-developed analytical skills, demonstrated attention to detail
Well-developed written and oral communication skills including grant writing experience
Must be proficient with QuickBooks, Microsoft Word, Excel and PowerPoint
Strong working knowledge of the nonprofit sector, with specific knowledge of the Capital Region preferred
Demonstrated ability to collaborate and perform efficiently and effectively in a small office environment
Knowledge of leadership and management principles for nonprofit organizations
Send letter of interest and resume to: Search Committee, Community Loan Fund of the Capital Region, 255 Orange Street, Suite 103, Albany, NY 12210; or email to [email protected]. No phone calls please.