Program Officer, Financial Services job Washington District of Columbia
Program Officer, Financial Services job Washington District of Columbia
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Program Officer, Financial Services Job

Employer Name: Opportunity Finance Network SpiderID: 8751536
Location: Washington, District of Columbia Date Posted: 6/19/2019
Wage: Category: Finance/Investment
Job Code:
Number Of Openings: 1

Job Description:
Position Summary and Essential Functions
The Program Officer, with support from senior Financial Services staff, coordinates the servicing and administration of the Bond Guarantee Program at OFN. Primary job responsibilities entail relationship management with both the borrowers and the CDFI Fund Bond Guarantee Program staff, borrower credit reviews, supervising timely delivery of borrower reporting, loan covenant compliance, and other operational and administrative duties. The position is responsible for coordinating timely delivery of borrower responses, reviewing and editing loan requests, reviewing and editing borrower reports, Other duties include analytical support of loan underwritings, performing annual borrower reviews, and financial statement analysis.

Responsibilities include:
Coordinate the CDFI Bond application process including supervising the timely and accurate delivery of borrower reporting requirements and loan requests.
Review and edit borrower loan requests to adhere to specific framework; work with financial services staff to troubleshoot issues.
Coordinate loan covenant compliance, including supervising financial statement collection, verifying compliance with loan agreement, and coordinating resolution of any covenant violations.
Spread borrowers’ financial statements into template and complete accuracy checks.
Analyze and prepare annual loan portfolio reviews of Bond Guarantee Program borrowers.
Oversee third-party annual credit reviews of borrowers.
Coordinate ongoing compliance reporting, including monthly secondary loan reviews, quarterly financial statements and compliance checks, annual compliance submissions, and other intermittent reporting requirements.
Manage the timely processing of intermittent requisition packages from borrowers.
Draft and update written procedures for program administration.
Oversee maintenance of accurate, complete and up-to-date data files and records
Provide quality customer service at all points of contact with OFN borrowers and prospects as well as answer questions and advise customers regarding loans and transactions with OFN borrowers and prospects.

Job Requirements:
Bachelor’s Degree or 5-7 years of work experience in lieu of a degree
1-3 years of experience working with Federal, state or municipal government programs, in delivering government contracted non-profit programs, or consulting organizations participating in government sponsored type of programs required.
1-3 years of experience in financial statement analysis highly desirable
Excellent written and verbal communication skills required with emphasis on clarity, conciseness and relevance
Excellent interpersonal skills and ability to work constructively with diverse constituents is required
Ability to assist multiple parties through complex reporting requirements
Ability to analyze non-profit financial institutions’ financial statements required
Strong organizational skills and ability to manage multiple tasks under moderate supervision in and effective and efficient manner required
Ability to work independently or in team environment as required
Experience or knowledge of the CDFI Industry a plus
Experience or volunteer work in nonprofit or small office environment a plus
Job involves normal physical requirements for an office position.
Some travel required (15f time)
Supervisor: SVP, Fianancial Services (Bond) FLSA Status: Exempt


This is a non-management position
This is a full time position

Job Criteria:
Start Date:
Position Type: Full-Time Permanent
Years of Experience Required: 5
Education Required: Bachelors
Overnight Travel:
Vacation Time: Negotiable / Other

Job Benefits:
Health/Dental Benefits, Retirement Benefits, Paid Holidays, Vacations, and Sick Leave, Life and/or Disability Insurance, Regular Employee Outings

Company Profile:
OFN's core mission is to align capital with social, economic, and political justice. We seek qualified candidates committed to this mission and to upholding OFN's standards for excellence. Visit to learn more. OFN is currently hiring for the following staff positions.

Contact Information:
Contact Name: Tamara Frye Company Type: Employer
Company: Opportunity Finance Network
City: Washington
State: District of Columbia
Zip: 20036
Web Site:

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