Project Manager Job

Job Title: Project Manager

Reporting to: Children’s Investment Fund (CIF) Director

Employer: Community Economic Development Assistance Corporation (CEDAC)

Position Status: Full Time, Hybrid, Exempt

Who we are: Founded in 1990, CIF’s primary purpose is to improve the quality of and expand access to early childhood education and out-of-school time programs for low and moderate-income families. As a certified Community Development Financial Institution (CDFI) since 2018, it has achieved this mission by providing loans, training, and technical assistance to support child care facility construction and renovation projects, as well as acting as the administrator of grants annually through the MA Department of Early Education and Care’s EEOST Capital Fund.

Summary of Position: The Project Manager works as a small team member, focusing on facility development for early childhood education and out-of-school time programs in Massachusetts. They are expected to work collaboratively with our grantees/borrowers to provide support and technical assistance with a strong customer service focus. The Project Manager facilitates the successful management of all phases of the real estate development process. They advise grantees/borrowers during development and manage the process from underwriting to disbursement. They also work with grantees/borrowers to achieve successful project completion by helping to identify additional resources as needed. The Project Manager reports to the Children’s Investment Fund Director.

Compensation/Benefits:
Full-time starting salary range: $85,680 - $88,500, commensurate with experience and education.

Benefits package includes:
• Health, dental, life, and disability insurance (please note that at the current time, CEDAC
pays the entire medical and dental insurance HMO premium for employees and their qualified dependents).
• Section 125 flexible spending accounts for medical and dependent care.
• 403(b) deferred compensation plan, vesting immediately.
• Three weeks of paid vacation to start.
• Thirteen paid holidays.
• Three personal days.
• Twelve sick days.
• Flexible work schedule, if needed, due to the COVID-19 pandemic.

The Children’s Investment Fund is an affiliate of the Community Economic Development Assistance Corporation (CEDAC). CEDAC is a publicly created community development finance institution (CDFI) that serves as a vital financial and technical assistance resource to nonprofit organizations engaged in effective community development in Massachusetts. We provide financial resources and technical expertise for community-based and other nonprofit organizations building thriving communities. We work closely with state and local partners to assist affordable and supportive housing production and preservation programs.
CEDAC provides predevelopment and acquisition loans and technical assistance to nonprofit community-based organizations involved in affordable housing development and preservation across Massachusetts.

CEDAC is an Affirmative Action/Equal Opportunity Employer and encourages applications from candidates from diverse personal, cultural, and ethnic backgrounds. As the employer, CEDAC will provide job-specific training and professional development opportunities.

Requirements:
• Bachelor's Degree required
• Minimum five (5) years of experience in real estate development, lending, or a relevant field
• Relevant Master’s Degree may be substituted for two (2) years of experience.
• Familiarity with the child care field is preferred but not required.
• Excellent written and verbal communication skills are required.
• Demonstrable ability to engage in financial analysis essential.
• Ability to work a hybrid schedule.
• Must live in Massachusetts

Health/Dental Benefits, Retirement Benefits, Paid Holidays, Vacations, and Sick Leave, Life and/or Disability Insurance, Flex Time

CEDAC is a public-private community development financial institution that provides project financing and technical expertise for community-based and other non-profit organizations engaged in effective community development in Massachusetts. Children’s Investment Fund The Community Economic Development Assistance Corporation (CEDAC) is a quasi-public state corporation that provides technical assistance and loans to community-based non-profit development organizations. The Children’s Investment Fund (CIF) is an affiliate of CEDAC, reporting to a separate board of directors. CIF’s work includes technical assistance, training, grant and loan programs, and advocacy and outreach on improving facilities for community-based programs serving low-income children.