Loan Fund Manager Working Capital for Community Needs (WCCN)

Working Capital for Community Needs (WCCN) Loan Fund Manager Job Description Working Capital for Community Needs (WCCN) is a non-profit organization that partners with individuals and organizations in Latin America and the U.S. to build sustainable economic opportunities that help people work their way out of poverty. Through the Capital for Communities Fund and the Community Needs, LLC, WCCN promotes access to credit and other financial services for underserved sectors in Latin America, thereby promoting the alleviation of poverty. Currently the Capital for Communities Fund and the Community Needs, LLC, are administered by the coordinated work of three individuals: WCCN’s Executive Director (ED), the Loan Fund Manager (LFM), and the Loan Fund Representative in Latin America. These three individuals work under the guidance of WCCN’s Board of Directors. The Loan Fund Manager works under the direction and supervision of WCCN’s Executive Director. The Loan Fund Manager's primary responsibility is the successful administration of the Capital for Communities Fund, and WCCN’s wholly owned subsidiary, -the Community Needs, LLC. Specifically, the LFM is responsible for the following tasks: I. Facilitating Decision-Making Under the direction of the Executive Director, the LFM assists in the planning and facilitation of the monthly meeting of the Board of Directors; more precisely, the LFM should lead the Board to: Review and analyze loan requests submitted by current and prospect partner agencies Review loan fund’s risk assessment tools Strategize on lending projections and liquidity management Analyze partners’ financial and social performances Update and revise loan fund policies Review WCCN’s financial reports Review Capital for Communities Fund securities registration status Review partner agencies’ monthly and quarterly financial reports; and Report on the financial status of the Capital for Communities Fund and the Community Needs, LLC. II. Financial Management 1. The LFM provides advice and assistance to the ED on financial matters related to the whole organization, and on other duties as assigned. 2. In addition, the LFM collaborates with WCCN’s accountant to reconcile quarterly WCCN’s financial reports (ie, the income and expense statement and the balance sheet). 3. The LFM will produce several monthly financial reports, including -but not limited- to the following ones: Portfolio Reports. Interest Income Reports Interest Expense Reports Projections Reports III. Securities registration and legal compliance related to the Capital for Communities Fund Since the Capital for Communities Fund accepts investments from all over North America, the LFM must ensure that the Capital for Communities Fund is in compliance with all state securities regulations in the U.S. and Canada. This means that the LFM must be, or become, a licensed securities industry professional (i.e. Uniform Securities Agent State Law Exam, Series 63; General Securities Representative Examination, Series 7). The LFM should ensure all sales are made in compliance with state securities regulations. IV. Relations and collaboration The LFM should foster good relations with various organizations in the impact investing spectrum. The LFM should represent WCCN and the Capital for Communities Fund in relevant networks and conferences. The LFM should provide all necessary information to current and potential investors about their investment, the Capital for Communities Fund and WCCN as a whole. V. The LFM will perform other duties as assigned The position is based in Madison, Wisconsin. Qualifications The ideal candidate will have the following qualifications: A Bachelor’s degree in Finance, Economics, Business Administration or a related field is required. Masters degree is preferred. Passion for social justice and personal commitment to serve the economic needs of the poor. Experience with and knowledge of economic development, microfinance, fair trade, and/or community development lending strongly preferred. Strong written and verbal communication skills. Computer skills, including ability to use spreadsheets effectively. Because the Loan Fund Manager relies on the input and support of everyone in the organization, it is essential that this staff person maintain excellent working relationships with other WCCN staff, board and volunteers. This position always needs to represent WCCN in a positive manner. Proficiency in the Spanish language is highly desirable but not required. International/cross cultural experience is essential. Familiarity with Latin American culture, history and politics is helpful. Ability and willingness to travel to Latin American countries when necessary. To Apply All qualified candidates are encouraged to apply. Applications will be reviewed immediately and the recruitment will remain open until the position is filled. To apply please send a cover letter and resume to: carlos@capitalforcommunities.org, or to: WCCN Attn: Carlos Arenas 122 State St. Suite 507A Madison, WI, 53703 (608) 257-7230 www.capitalforcommunities.org