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Company

Rural Community Assistance Corporation (RCAC) · 1 day ago

Rooted Equity Fund Manager (Job #301) ($124,088 - $136,925)

United States

Full-time

Remote

Senior Level

$124K/yr - $137K/yr

7+ years exp

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Responsibilities

Grow and manage resources of REF, LLC, directly or in collaboration with the REF Advisory Committee, internal partners including Finance, Loan Fund, Grants and Contracts Administration, RRF Relationship Manager and CEO.

Seek and secure grant and debt investments into the Fund to create a minimum $10 million balance in 2-3 years.

Maintain relationships with investors and attract new investors in the Fund.

Expand the Rooted Relative Fund footprint beyond Arizona and New Mexico by coordinating with RRF Manager in identifying and establishing Indigenous Led Catalytic Lending Partners in other states.

Create and maintain a strong and collaborative working relationship with RCAC's Loan Fund to facilitate loan closings, disbursements, loan servicing, and borrower reporting, to include all aspects of asset management.

Become part of an internal RCAC team which is reimagining leadership, culture change and decision making to better reflect the communities we serve. Champion cultural competency within REF and RCAC, leading by example, lived experience and knowledge.

Represent RCAC nationally to partners, funders and the public sector by promoting RCAC's innovative lending practices and being a subject matter expert for culturally relevant lending practices.

Collaborate and refine internal and external processes with the RRF Relationship Manager and communicate changes internally and externally to all partners.

Review loan applications or credit analyses, term sheets, and other related documents for alignment with REF and program guidelines, as approved by the REF Advisory Committee and make recommendations for approval to CEO.

Provide staff support to REF Advisory Committee. Assist CEO with reporting and sharing REF activities to REF Advisory Committee and RCAC's Board of Directors quarterly.

Ongoing monitoring and review of monthly and/or quarterly reports from CLCs.

Present virtually or in person representing REF in various venues and opportunities.

Coordinate with cultural lending ecosystem partners to identify and build relationships with collaborators, partners, investments, fund and community led initiatives, with a goal of increasing investment, while amplifying impact and influence in the field.

Create and maintain processes for seamless communication, education and knowledge transfer.

Create and identify opportunities to engage philanthropic, government, and financial institutions and other agencies in dialogues and learning journeys that increase access to resources for REF.

Perform other duties as assigned.

Qualification

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LendingFinanceCommunity DevelopmentFinancial modelingProject managementMicrosoft OfficeGrant writingInvestment strategiesIndependent thinkingCollaboration skills

Required

Bachelor's degree in business administration, or lending, finance, or related field plus seven years' experience, or ten years of experience in lending, finance, investing without a formal degree.

Valid driver's license and proof of insurance that meets the minimum requirements ($100,000/$300,000) of RCAC corporate liability policy.

Seven to ten years of experience (depending on education) in increasingly responsible positions, primarily focusing on Lending, Finance, Community Development and/or small business lending.

Experience with nonprofit organization(s) a plus.

Proficient computer skills with Microsoft Office programs.

High proficiency with the English language, grammar, spelling, and punctuation.

Must pass a background investigation.

Skills of a business/credit manager with a passion for community advocacy to drive economic justice through community centered non-traditional approaches.

Intermediate-level financial modeling and analytical skills.

Extraordinary ability to organize, manage projects, and prioritize crucial information and tasks.

Ability to collaborate with executives to drive strategy execution with strong knowledge of business operations, long-term vision, and strategy.

High level of independent thinking and judgment.

Excellent communication and interpersonal and collaboration skills rooted in trust, transparency and care with a resourceful and flexible attitude.

Ability to work well under pressure.

Ability to work with minimal supervision, multitask, maintain confidentiality, and meet deadlines.

High bar for personal accountability and for holding others accountable.

Excellent analytical and problem solving/resolution skills.

Ability to work in fast-paced environments with a high degree of context-switching.

Ability to maintain professional conduct, attitude, and appearance at all times.

Ability to analyze situations and adopt appropriate courses of action.