National Community Investment Fund
Job Description
Job Title: Asset Management Specialist
Reports to: Director, Portfolio and Compliance Management
National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and 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.
NCIF focuses on impact generation across economic opportunity, racial justice and
environmental justice issues. Total assets under management at NCIF are around $260 million,
including a balance sheet of approximately $78 million and $183 million of New Markets Tax
Credits (NMTC) allocations as July 31,2024. In 2019, NCIF launched a $30 million Credit
Strategies Fund for lending and has recently raised $18 million of debt capital as of August024 to support growth and impact. NCIF meets its mission via the following complementary
lines of businesses:
. Equity Investing: We invest in/lend with mission-oriented financial institutions (CDFI banks,
minority banks, CDFI loan funds and others) with equity, debt and deposits investments. NCIF is
the largest investor in CDFI banks with investments in 17 institutions (>10% of sector). Selectively
NCIF will invest in financial and green technology corporations that are mission aligned;
. New Market Tax Credit deployment: We have received $401 million in NMTC allocations and
are deploying it into nonprofit and for-profit impact-oriented operating companies and real
estate such as, health care facilities, and schools.
. Lending: NCIF is building a portfolio of loans that are focused on supporting businesses, housing
communities, education, healthcare and other sectors that are mission aligned. To further that
reach, we are launching a platform to originate and syndicate loans among the NCIF Network of
Banks. We have also launched an initiative to lend to greenhouse gas reduction projects that are
aligned with the EPA goals around (a) net-zero buildings (b) zero-emission transportation and
(c) alternative energy source (i.e. solar) in underserved communities nationally.
. Impact measurement is the foundation of NCIFs work and supports all our business lines.
NCIF pioneered the use of Social Performance Metrics (www.bankimpact.org) and is
developing a Large Language Model/Generative AI based Data Analytics Platform to catalyze
additional capital to the sector.
The Asset Management Specialist role will be part of the portfolio and compliance management
department. This role will support asset management, compliance, and reporting in lending and
NMTC.
Responsibilities:
Portfolio and Asset Management
Monitor loan/investment terms including dividend and loan payments, loan covenants,
Construction Loan Administration
and procedures.
Compliance and Reporting
(Institution level Reports), TLR (Transaction Level Reports)), and other AMIS reporting
under supervision of the Head of Department.
Qualifications:
Passion for community development and for improving the lives of individuals in
lending departments. Experience working with a CDFI in NMTC or lending
compliance/portfolio management (including AMIS) will be a plus.
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. NCIF has a hybrid schedule with part
remote/in-office work schedules. Preference will be given to candidates who are residents of Chicago
or are willing to relocate.
Please send cover letter and resume to [email protected]