Careers

JOB TITLE: Community Housing Development Officer
REPORTS TO: Vice President, ICDI
PROGRAM: Institute Community Development Initiative
LOCATION: Durham/Hybrid
CLASSIFICATION: Exempt
WORK SCHEDULE: M-F 8:30am-5:30pm; some nights and weekends as needed
COMPENSATION: Hiring Range of $50,000 to $75,000, depending upon qualifications

ABOUT THE NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT:

The National Institute of Minority Economic Development exists to strengthen the asset base of diverse populations through policy, education, and economic opportunities. We do this by helping diverse small businesses, HBCUs, and nonprofit organizations to grow, thrive, create jobs, become sustainable, and be valued partners within their local communities. Our vision is economic prosperity for diverse populations and an environment in which race, gender, and geography are no longer a barrier to economic opportunity and prosperity. Our core values are trust, excellence, innovation, and collaboration. We believe that all people should have equal opportunity to participate in and contribute to our economy and civic life.

ABOUT THIS ROLE:

Reporting to the Vice President of the Institute Community Development Initiative (ICDI) the Community Housing Development Officer will play a vital role in fostering sustainable community economic development within communities across North Carolina and the Southeast United States. This role involves engaging with CDC staff and board members, community members and stakeholders to assess needs and priorities, as well as designing and implementing impactful programs. The Officer will oversee various community development projects, ensuring they are completed on time and within budget. Key responsibilities include building relationships with community organizations and residents, securing funding through grant writing and fundraising strategies, and advocating for policies that enhance community welfare, particularly in affordable housing and economic development. Additionally, the Officer will provide training and support to community leaders and organizations to strengthen their capabilities. Developing and maintaining strategic partnerships with government agencies, nonprofits, and other stakeholders is crucial to leveraging resources and expertise. The Officer will also represent the organization at community meetings, forums, and events to promote initiatives and enhance visibility.

TASKS AND RESPONSIBILITIES:

Strategic Financial Leadership & Planning

• Partnership Development: Work with diverse stakeholders, including CDC’s, local governments, community groups, nonprofits, and businesses to build partnerships and networks that promote community economic
• Relationship Management: Maintain strong working relationships with community development corporations, allies and funders regarding community needs, resources, and opportunities.
• Project Leadership: Lead or coordinate community development projects to ensure alignment with organizational goals.
• Resource Facilitation: Act as a resource for outside organizations, providing knowledge of available products and services for economic and community development; facilitate relationships among CDC’s, communities, and development partners.
• Advocacy and Outreach: Collaborate with leadership to develop and implement advocacy plans; engage with CDC’s to understand their needs and recruit advocates for affordable housing and community economic
• Funding and Grants: Identify and assist in securing funding opportunities through grants and partnerships to support CDC’s .
• Program Implementation: Design, implement, and monitor programs that enable CDC’s to positively impact key community issues such as housing, education, job training, and economic development.
• Representation: Represent the organization at meetings, conferences, and presentations to various stakeholders and communicate program resources effectively.
• Stakeholder Identification: Identify potential stakeholders and partners that align with the organization’s mission; initiate contact and maintain ongoing communication.
• Partnership Tracking: Track and monitor the progress and performance of partnerships using CRM systems or partnership management software to ensure accountability.

POSITION QUALIFICATIONS:

• Educational Background: Bachelor’s degree in business administration, public administration, urban planning, real estate, economics, or a related field, or equivalent experience required. Masters preferred
• Professional Experience: 2-5 years of relevant professional experience, preferably in philanthropy, the nonprofit sector, or community economic development.
• Community Familiarity: Knowledge of North Carolina communities, housing, and community development programs, along with local, state, and national policies on economic development and affordable housing.
• Project Experience: Experience in community development corporation management, real estate project development, and Low-Income Housing Tax Credit (LIHTC) development.
• Fundraising Expertise: Demonstrable fundraising abilities for operations and
• Software Skills: Proficiency in MS Word, Excel, and PowerPoint; experience with Salesforce is a
• Certifications: Project management and community economic development certifications are
• Communication Skills: Strong ability to convey complex information clearly and
• Team Player: Collaborative mindset with an entrepreneurial spirit, humility, and a genuine love for North
• Time Management: Excellent organizational skills with the ability to prioritize tasks
• Travel: Valid driver's license and willingness to travel, including some overnight Willingness to travel up to 40%.

HOW TO APPLY:

For consideration, interested candidates must submit a cover letter and resume. Cover letters must address candidate's experience and qualifications being sought. All materials should be sent to LHenry@TheInstituteNC.org with e-mail Subject Title: Community Housing Development Officer

The National Institute of Minority Economic Development, its Affiliates, and Subsidiaries provide equal employment opportunities to all employees and applicants without regard to race, color, religion, national origin, ancestry, gender, sex, gender identity or expression, age, medical condition, sexual orientation, marital status, citizenship, pregnancy, physical or mental disability, genetic information, veteran status, military status, caregiver status or any other characteristic protected by federal, state or local laws.

Job Title:Chief Financial Officer

Team: Fiscal

Location: Durham, NC

Reports to: President & CEO

Direct Reports:Vice President of Finance, Assistant Controller & Accounting Associate

Work Schedule: Full-Time (40 hours per week)

FLSA Status: Exempt

ABOUT THE NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT:

The National Institute of Minority Economic Development exists to strengthen the asset base of diverse populations through policy, education, and economic opportunities. We do this by helping diverse small businesses, HBCUs, and nonprofit organizations to grow, thrive, create jobs, become sustainable, and be valued partners within their local communities. Our vision is economic prosperity for diverse populations and an environment in which race, gender, and geography are no longer a barrier to economic opportunity and prosperity. Our core values are trust, excellence, innovation, and collaboration. We believe that all people should have equal opportunity to participate in and contribute to our economy and civic life.

ABOUT THIS ROLE:

The Chief Financial Officer (CFO) is responsible for the strategic oversight and management of the organization's financial health, ensuring long-term sustainability and operational excellence. This role oversees all financial planning, budgeting, accounting, reporting, and compliance functions while providing strategic financial guidance to the President & CEO, Board of Directors, and key stakeholders. The CFO will work collaboratively with the executive leadership team to drive financial efficiency, optimize resources, and support the organization's mission and growth objectives.

IN THIS ROLE, YOU WILL:

Strategic Financial Leadership & Planning

• Develop and implement financial strategies aligned with the organization's mission and long-term goals.
• Advise the President & CEO and Board of Directors on financial matters, ensuring informed decision-making.
• Provide financial forecasting, risk assessment, and scenario analysis to support strategic planning.
• Ensure compliance with all regulatory, legal, and tax requirements.

Financial Operations & Reporting

• Oversee and manage all aspects of financial operations, including accounting, budgeting, reporting, and internal controls.
• Ensure the accurate and timely preparation of financial statements in accordance with GAAP (Generally Accepted Accounting Principles).
• Maintain and improve internal financial controls to mitigate risk and enhance efficiency.
• Prepare and present financial reports to the Board of Directors, finance committee, and executive team on a quarterly and as-needed basis.

Budgeting & Resource Management

• Develop and monitor annual budgets for the organization, including individual programs, grants, and new initiatives.
• Oversee cash flow management, investment activities, and financial sustainability strategies.
• Lead efforts to optimize financial resources while ensuring fiscal discipline and accountability.

Audit, Compliance & Risk Management

• Serve as the primary liaison with external auditors to ensure a smooth and timely annual audit process.
• Oversee financial compliance with federal, state, and local regulations, as well as grant and donor requirements.
• Assess financial risks and develop strategies to mitigate them effectively.

Collaboration & Leadership

• Partner with the HR Director on employee benefits, payroll, and financial aspects of human resources management.
• Work closely with program directors and leadership to ensure financial sustainability and compliance with funder requirements.
• Track and analyze key financial KPIs and trends to drive strategic decision-making.

WE'D LOVE TO HEAR FROM YOU IF:

• Proven experience as a CFO, preferably within a non-profit organization.
• Bachelor’s degree in accounting, finance, business administration (MBA preferred).
• Certified Public Accountant (CPA) designation (required)
• 5-10 years of progressive financial management experience, with a focus on non-profit accounting and compliance.
• Strong understanding of GAAP, internal controls, and financial reporting for non-profits.
• Demonstrated experience managing a capital campaign
• Demonstrated experience in financial planning, budgeting, forecasting, and risk management.
• Proficiency in non-profit accounting software (e.g., SAP, Blackbaud) and advanced Excel skills.
• Excellent communication skills, with the ability to translate complex financial concepts into clear, actionable insights for leadership and staff.
• Experience managing finances for a Community Development Financial Institution (CDFI).
• Familiarity with grant and donor fund accounting principles.
• Experience in Real Estate, Affordable Housing, and/or Community Development. (preferred).
• Experience with federal, state, and local government funding. (preferred).

YOU CAN EXPECT:

• Starting salary range: $50,000-$100,000 based on education and experience.
• A compassionate and supportive work environment.
• A competitive benefits package including paid time off and sick leave, health and dental insurance, life insurance, and the option to participate in a 403b retirement plan with employer match.
• A background check conditional for job offer. Must satisfactorily pass a national service criminal history check that includes national sex offender registry, State Police, and FBI checks.
• The Institute is an equal opportunity employer.

HOW TO APPLY:

For consideration, interested candidates must submit a cover letter and resume. Cover letters must address candidate experience and qualifications being sought. All materials should be sent to JNghiemlee@TheInstituteNC.org with e-mail Subject Title: Chief Financial Officer

The National Institute of Minority Economic Development, its Affiliates, and Subsidiaries provide equal employment opportunities to all employees and applicants without regard to race, color, religion, national origin, ancestry, gender, sex, gender identity or expression, age, medical condition, sexual orientation, marital status, citizenship, pregnancy, physical or mental disability, genetic information, veteran status, military status, caregiver status or any other characteristic protected by federal, state or local laws.

Job Title:Program Director (WBCNC)

Team: Women's Business Center of North Carolina (WBCNC)

Location: Wilmington & Eastern NC Region

Reports to: Executive Director of WBCNC

Direct Reports: N/A

Work Schedule: Full-Time (40 hours per week)

FLSA Status: Exempt

ABOUT THE NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT:

The National Institute of Minority Economic Development exists to strengthen the asset base of diverse populations through policy, education, and economic opportunities. We do this by helping diverse small businesses, HBCUs, and nonprofit organizations to grow, thrive, create jobs, become sustainable, and be valued partners within their local communities. Our vision is economic prosperity for diverse populations and an environment in which race, gender, and geography are no longer a barrier to economic opportunity and prosperity. Our core values are trust, excellence, innovation, and collaboration. We believe that all people should have equal opportunity to participate in and contribute to our economy and civic life.

ABOUT THE WOMEN'S BUSINESS CENTER OF NORTH CAROLINA (WBCNC):

Women’s Business Center of North Carolina (WBCNC)is funded in part through a cooperative agreement with the U.S. Small Business Administration and support from the host organization, the National Institute of Minority Economic Development. The center supports the advancement, building, and development of women, minority, and veteran-owned small businesses across 39 counties ranging from the Triangle to eastern North Carolina, including Wilmington. The WBCNC empowers our client base with tools, resources, and opportunities needed to establish, stabilize, and generate economic growth in area communities.

ABOUT THIS ROLE:

The Program Director provides overall programmatic support in the general operations of the Women’s Business Center of North Carolina. The Program Director will oversee the center’s client intake process, customer service delivery and provide counseling sessions. In addition, work with the Executive Director to manage the planning, scheduling, promotion, and facilitation of workshops, training sessions, and networking events. Other responsibilities include assistance in the preparing of organizational reports, publications, and other materials, as well as in scheduling meetings and arranging travel, organizing, and managing the filing system, updating client data in the client Customer Relationship Management (CRM) System.

IN THIS ROLE, YOU WILL:

The Program Manager position assumes the following tasks and responsibilities:

· Provide one-on-one consultation with clients seeking guidance in entrepreneurship.

· Primary contact with walk-in customers, incoming calls, voicemails and managing the WBC Admin inbox.

· Collect client data and event data, as required by SBA.

· Manage, plan, coordinate and deliver WBC programs from start to completion involving deadlines, milestones, and processes for special programing with partners, trainings, workshops & conferences across the WBC of North Carolina’s service area.

· Facilitate training where applicable based on experience.

· Work closely with the Executive Director to develop and implement evaluation strategies that monitor client impact performance and determine the need for improvement.

· Represent the organization at community and industry events when appropriate.

· Provide referrals and resources to assist small business owners.

· Responsible for quarterly and year-end reports in the client management system.

· Maintain and compile detailed records of all programming with partners to include seminars, workshops, conferences, client records, and economic impact in the organization’s CRM system.

· Foster and develop relationships with business resource partners across the state.

· Assist the Executive Director with the grant writing process including renewals, reporting and data compilation.

· Support Executive Director with marketing strategy by creating marketing materials for events, flyers, and brochures to enhance the organization’s website presence by promoting upcoming seminars and services & trainings through social media, email marketing campaigns, posting on partner websites, and word of mouth.

· Along with the Executive Director, manage the organization’s social media accounts which include but are not limited to Facebook, Instagram, and LinkedIn.

WE'D LOVE TO HEAR FROM YOU IF:

· The successful candidate will reside in the greater Wilmington, NC area.

· Bachelor’s degree required, preferably with 5+ years’ experience related to the duties and responsibilities specified.

· An equivalent combination of education and experience sufficient to successfully perform the essential job duties may be considered.

· Subject Matter Expertise in Business; small business strategy, operations, entrepreneurship, financial statements, banking and business counseling.

· Working knowledge of office equipment and information technology systems.

· Self-starter with the ability to meet deadlines, manage timelines and assist with budgets.

· This job requires occasional overnight travel including both in-state and out-of-state travel, and some weekend and evening hours.

· Collaboration between internal programs is expected, in addition to partnerships with community resources including state agencies, local municipalities and trade organizations.

· Connected and involved with the business community in Wilmington and Eastern NC counties.

· Highly organized and detail oriented

· Excellent interpersonal skills and a proven ability to work with diverse communities, leaders, and staff.

· Excellent written and oral communication skills.

· Strong facilitation, consensus building, event planning and strategic thinking skills required.

· Ability to take on responsibilities independently with only general supervision.

· Ability to multi-task under deadlines and work well under pressure.

· A demonstrated track record of successful project management.

· Demonstrated success in delivering high-quality work products on a consistent, reliable basis.

· Excellent customer service & leadership skills

· Experienced with Microsoft Suites including Excel, Sales Force, Learning Management Systems, Project Management tools, all social media platforms (ability to conduct/teach/facilitate program-based webinars), Canva, iContact, Zoom, TEAMS.

· Operates in confidentiality and Integrity.

· Bilingual preferred but not required

PHYSICAL REQUIREMENTS/WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Close vision is required.
• Must be a licensed driver and have regular access to an automobile.
• Employee is regularly required to: sit; talk and hear; use hands to finger, handle or feel; and reach with hands and arms.
• Employee is frequently required to type and use a keyboard.
• The employee must occasionally lift and/or move up to 10 pounds.

YOU CAN EXPECT:

• Starting salary range: $45,000-$55,000 based on education and experience.
• A compassionate and supportive work environment.
• A competitive benefits package including paid time off and sick leave, health and dental insurance, life insurance, and the option to participate in a 403b retirement plan with employer match.
• A background check conditional for job offer. Must satisfactorily pass a national service criminal history check that includes national sex offender registry, State Police, and FBI checks.
• The Institute and WBCNC is an equal opportunity employer.

HOW TO APPLY:

For consideration, interested candidates must submit a cover letter and resume. Cover letters must address candidate experience and qualifications being sought. All materials should be sent to JNghiemlee@TheInstituteNC.org with e-mail Subject Title: Program Director Application

The National Institute of Minority Economic Development, its Affiliates, and Subsidiaries provide equal employment opportunities to all employees and applicants without regard to race, color, religion, national origin, ancestry, gender, sex, gender identity or expression, age, medical condition, sexual orientation, marital status, citizenship, pregnancy, physical or mental disability, genetic information, veteran status, military status, caregiver status or any other characteristic protected by federal, state or local laws.

Job Title: Project Manager (PERC)

Team: Operations

Location: Durham, NC

Reports to: Vice President of Strategic Partnerships

Direct Reports: N/A

Work Schedule: Full-Time (40 hours per week)

FLSA Status: Exempt

ABOUT THE NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT:

The National Institute of Minority Economic Development exists to strengthen the asset base of diverse populations through policy, education, and economic opportunities. We do this by helping diverse small businesses, HBCUs, and nonprofit organizations to grow, thrive, create jobs, become sustainable, and be valued partners within their local communities. Our vision is economic prosperity for diverse populations and an environment in which race, gender, and geography are no longer a barrier to economic opportunity and prosperity. Our core values are trust, excellence, innovation, and collaboration. We believe that all people should have equal opportunity to participate in and contribute to our economy and civic life.

ABOUT THIS ROLE:

The Project Manager must be a strategic thought partner knowledgeable about the social determinants of health, local government, and grantmaking. The Project Manager, in consultation with the Partnership for Resilient Communities (PERC) Durham, and the local community collaborative table, is responsible for managing all strategy development and execution aspects of PERC Durham. The Project Manager will provide capacity support to the community collaborative table, support program evaluation, liaise technical assistance, coordinate local learning community, and manage communication. The ideal candidate will be a proactive, fast-moving, and entrepreneurial individual who can fully and efficiently own projects and workflows from start to finish.

PERC OVERVIEW:

The Partnership for Equitable and Resilient Communities (PERC) recognizes that far too long, Black, Indigenous, and Latino/a/x people living in low-wealth, under-resourced communities in the United States have been excluded from decision making in how federal, state, and local investment dollars are spent within their communities. The resulting impact is that people living in these communities continue to face inequitable access to education, employment, wealth, and opportunity. PERC was created to change this narrative.

IN THIS ROLE, YOU WILL:

• Co-facilitate PERC Durham process using results-based accountability.
• Maintain ongoing, open communication with project partners, community, local government, and provide feedback about the needs of PERC Durham.
• Ensure the completion of grant applications in partnership with key PERC stakeholders (community, local government departments, federal government)
• Assist with research and identify high impact partners that have the ability or, with capacity building, will have the ability to meet the programmatic goals.
• Adhere to the PERC agreement and the scope of work which details program goals, objectives and expected outcomes.
• Monitor and lead sub-contractors and partners from the private, nonprofit, and public sectors and support them in implementation of programs and services.
• Provide comprehensive support throughout the lifecycle of assigned projects, furnishing detailed milestone and outcome reports.
• Support the management of project contract and budgets and be accountable for expenditures.
• Assisting in the development of presentations; present and/or publish internal and external reports to stakeholders and partners.
• Assist in identifying new working relationships with key partner organizations and social service providers with resources that can support programmatic goals.
• Assist with the coordination and management of any special projects as needed.
• Serve as an effective spokesperson for the National Institute Minority Economic Development, Durham Housing Authority and PERC in the community.
• Other duties may be assigned based on the needs of the company in any department, as needed.

WE'D LOVE TO HEAR FROM YOU IF:

• You like to work in a challenging and dynamic environment that can change and improve the lives of underserved communities.
• Minimum of 5 years of project management experience, with at least 2 years in a leadership role.
• Project Management Professional (PMP) certification preferred.
• Proven track record of leading complex projects on time and within budget.
• Strong understanding of project management methodologies, tools, and best practices.
• Excellent leadership, communication, and interpersonal skills.
• Demonstrated commitment to diversity, equity, and inclusion.
• Self-starter with the ability to meet deadlines and manage budgets.
• Highly organized and detail oriented.
• Excellent written and oral communication skills.
• Proficient in Microsoft Suites, Excel Pivot Tables, CRM systems, LMS, Project Management tools, and social media platforms.
• Ability to work independently with general supervision.
• Ability to multitask and work well under pressure.
• Operates with confidentiality and integrity.
• Willingness to travel nationally, statewide, or locally as needed.

YOU CAN EXPECT:

• Starting salary range: $65,000-$75,000 based on education and experience.
• A compassionate and supportive work environment.
• A competitive benefits package including paid time off and sick leave, health and dental insurance, life insurance, and the option to participate in a 403b retirement plan with employer match.
• A background check conditional for job offer. Must satisfactorily pass a national service criminal history check that includes national sex offender registry, State Police, and FBI checks.
• The Institute is an equal opportunity employer.

HOW TO APPLY:

For consideration, interested candidates must submit a cover letter and resume. Cover letters must address candidate experience and qualifications being sought. All materials should be sent to JNghiemlee@TheInstituteNC.org with e-mail Subject Title: Project Manager Application

The National Institute of Minority Economic Development, its Affiliates, and Subsidiaries provide equal employment opportunities to all employees and applicants without regard to race, color, religion, national origin, ancestry, gender, sex, gender identity or expression, age, medical condition, sexual orientation, marital status, citizenship, pregnancy, physical or mental disability, genetic information, veteran status, military status, caregiver status or any other characteristic protected by federal, state or local laws.

ORGANIZATION: The National Institute of Minority Economic Development

PROGRAM: Institute Capital

POSITION: Commercial Loan Officer & Business Development

ABOUT THE NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT:

The National Institute of Minority Economic Development exists to strengthen the asset base of diverse populations through policy, education, and economic opportunities. We do this by helping diverse small businesses, HBCUs, and nonprofit organizations to grow, thrive, create jobs, become sustainable, and be valued partners within their local communities. Our vision is economic prosperity for diverse populations and an environment in which race, gender, and geography are no longer a barrier to economic opportunity and prosperity. Our core values are trust, excellence, innovation, and collaboration. We believe that all people should have equal opportunity to participate in and contribute to our economy and civic life.

ABOUT INSTITUTE CAPITAL (ICAP):

Institute Capital provides debt and investment capital to affordable housing developers, community-based development organizations (CBDOs) and small businesses. Our goal is to revitalize and transform diverse communities through affordable housing, entrepreneurship, HBCU collaborations and community development.

As a certified Community Development Financial Institution (CDFI), Institute Capital seeks to provide high-impact lending to borrowers who cannot typically get capital from mainstream financial institutions, and who are working to create thriving economies in communities that represent the most diverse populations.

ABOUT THIS ROLE:

The Commercial Loan Officer (CLO) is responsible for developing and leading Institute Capital’s (ICAP) small business lending market and affordable housing project lending. The market includes for-profit businesses, community-based non-profit organizations, and affordable housing developers, with a targeted effort to minority, women-owned, and rural businesses. The primary role of the CLO includes relationship-based marketing of ICAP’s community-based lending products to referral sources, including the other programs within the Institute family and potential borrowers throughout the Greater Raleigh/ Durham Area. The CLO will also perform credit analysis, work directly with the Senior Credit Officer on loans, and present their loans to the Internal Credit Committee (ICC) and Board Loan Committee (BLC) as appropriate. The CLO will coordinate marketing efforts for the designated region with the Senior Vice President of Operations to ensure all marketing is timely and accurate.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Perform credit analysis on loan applications received through ICAP’s web-based loan platform for funding consideration, working directly with Senior Credit Officer to ensure loans are well-prepared for credit committee presentation.
• Provide excellent customer service, including prompt responses, basic technical assistance, and referrals to internal technical assistance programs as appropriate.
• Follow through with closing team directly after loan approval to prepare Summary of Loan Terms (SOLT) for client to initiate process and ensure a timely loan closing.
• Market ICAP’s loan products to referral sources and potential borrowers through activities including 1-on-1 meetings, presentations on such topics as financial management and financing options, in conjunction with communications staff, e-blasts and other appropriate outreach.
• Coordinate marketing activities with SVP, Operations to reach potential clients through social media outlets and other community relationships, as well as Institute programs.
• Work with ICAP admin staff to enhance and update an internal referral process for other Institute programs.
• Manage existing and build new partnerships that further ICAP’s business lending goals.

Perform other ICAP related duties deemed necessary.

KNOWLEDGE, SKILL, AND ABILITY:

• Demonstrate ICAP's core competencies:
  • Trust
  • Excellence
  • Innovation
  • Collaboration
• Excellent communication skills including:
  • Ability to communicate clearly and effectively, including developing a clear message and presenting ICAP’s products and programs to individuals and groups.
  • Ability to write clearly and concisely, including translating financial and numerical data into written form.
  • Ability to build effective business development networks that lead to loan deal flow and closed loans, while building long-term collaborative relationships with organizational partners and stakeholders.
  • Ability to work effectively and cooperatively in teams.
  • Proficiency with MS Word, Excel, and PowerPoint.
  • Experience with Salesforce a plus.
  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization.
  • Ability and willingness to travel within the Institute’s geographic footprint as job requires, including many day trips and some overnight travel.

WE'D LOVE TO HEAR FROM YOU IF:

In addition to a proven track record above, the successful candidate must meet the following minimum qualifications and experience requirements:

• Bachelor’s degree in finance, Business Administration, Economics, or a related field.
• Minimum of five years of experience in commercial lending or related financial services, preferably within a community development or CDFI setting.
• Strong understanding of financial analysis, credit risk assessment, and loan structuring.
• Proven track record of business development, client relationship management, and loan portfolio management.
• Excellent communication skills with the ability to effectively engage and negotiate with diverse stakeholders.
• Valid driver's license and willingness to travel within the Greater Raleigh/Durham area and beyond as needed. Including many day trips and some overnight travel.
• Additional experience in community and economic development initiatives is highly desirable.

PHYSICAL REQUIREMENTS/WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Close vision is required.
• Employees must be licensed drivers and have regular access to an automobile.
• Employees are regularly required to: sit; talk and hear; use hands to finger, handle or feel; and reach with hands and arms.
• Employees are frequently required to type and use a keyboard.
• The employee must occasionally lift and/or move up to 10 pounds.

YOU CAN EXPECT:

• Starting salary range: $70,000 - $80,000 based on education and experience plus commission.
• A compassionate and supportive work environment.
• A competitive benefits package including paid time off and sick leave, health and dental insurance, life insurance, and the option to participate in a 403b retirement plan with employer match.
• A background check conditional for job offer. Must satisfactorily pass a national service criminal history check that includes national sex offender registry, State Police, and FBI checks.
• The Institute and Institute Capital is an equal opportunity employer.

HOW TO APPLY:

For consideration, interested candidates must submit a cover letter and resume. Cover letters must address candidate experience and qualifications being sought. All materials should be sent to RMcCullough@TheInstituteNC.org with e-mail Subject Title: Commercial Loan Officer & Business Development - ICAP

ORGANIZATION: The National Institute of Minority Economic Development

PROGRAM: Institute Capital

POSITION: Loan Administrator

ABOUT THE NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT:

The National Institute of Minority Economic Development exists to strengthen the asset base of diverse populations through policy, education, and economic opportunities. We do this by helping diverse small businesses, HBCUs, and nonprofit organizations to grow, thrive, create jobs, become sustainable, and be valued partners within their local communities. Our vision is economic prosperity for diverse populations and an environment in which race, gender, and geography are no longer a barrier to economic opportunity and prosperity. Our core values are trust, excellence, innovation, and collaboration. We believe that all people should have equal opportunity to participate in and contribute to our economy and civic life.

ABOUT INSTITUTE CAPITAL (ICAP):

Institute Capital provides debt and investment capital to affordable housing developers, community-based development organizations (CBDOs) and small businesses. Our goal is to revitalize and transform diverse communities through affordable housing, entrepreneurship, HBCU collaborations and community development.

As a certified Community Development Financial Institution (CDFI), Institute Capital seeks to provide high-impact lending to borrowers who cannot typically get capital from mainstream financial institutions, and who are working to create thriving economies in communities that represent the most diverse populations.

ABOUT THIS ROLE:

Institute Capital is seeking a detail-oriented and proactive Loan Administrator to join our team. This role is ideal for an organized and experienced professional who thrives in a dynamic environment, enjoys collaborating with teams, and can efficiently manage multiple responsibilities.

The successful candidate will be responsible for processing loan documents to support business development efforts, managing insurance files, maintaining loan records, and overseeing lien and appraisal documentation. Additionally, this individual will assist loan officers in administering new and existing loans while providing exceptional customer service by addressing inquiries and resolving routine loan-related issues.

If you have a strong background in loan administration, excellent communication skills, and a passion for community and economic development, we encourage you to apply.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Assist the business development team in processing loan applications for approval.
• Support with pre-closing and post-closing activities.
• Prepare and process loan documents using Salesforce to ensure accuracy and compliance.
• Ensure all loan documentation is complete, accurate, and meets regulatory requirements.
• Maintain and update loan records, including insurance files, lien filings, and appraisals.
• Collaborate with internal teams and external stakeholders to obtain necessary information.
• Provide customer support by addressing borrower inquiries and resolving routine loan-related concerns.
• Perform other administrative duties as assigned to support loan administration functions.

Perform other ICAP related duties deemed necessary.

KNOWLEDGE, SKILL, AND ABILITY:

• Demonstrate ICAP's core competencies:
  • Trust
  • Excellence
  • Innovation
  • Collaboration
• Excellent communication skills including:
  • Ability to communicate clearly and effectively, including developing a clear message and presenting ICAP’s products and programs to individuals and groups.
  • Ability to write clearly and concisely, including translating financial and numerical data into written form.
  • Ability to build effective business development networks that lead to loan deal flow and closed loans, while building long-term collaborative relationships with organizational partners and stakeholders.
  • Ability to work effectively and cooperatively in teams.
  • Proficiency with MS Word, Excel, and PowerPoint.
  • Experience with Salesforce a plus.
  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization.
  • Ability and willingness to travel within the Institute’s geographic footprint as job requires, including many day trips and some overnight travel.

WE'D LOVE TO HEAR FROM YOU IF:

In addition to a proven track record above, the successful candidate must meet the following minimum qualifications and experience requirements:

• Bachelor’s degree in Finance, Business Administration, Economics, or a related field.
• Minimum of five years of experience in commercial lending, loan administration, or financial services, preferably within a Community Development Financial Institution (CDFI) or similar setting.
• Strong knowledge of loan structuring, compliance, and closing procedures.
• Proficiency in Microsoft 365 (Word, Excel, PowerPoint) and Salesforce.
• Exceptional communication and interpersonal skills, with the ability to interact effectively with internal teams, clients, and external partners.
• Valid driver’s license and willingness to travel within the Greater Raleigh/Durham area as needed.
• Experience with Small Business Administration (SBA) procedures is preferred.
• Familiarity with community and economic development initiatives is a plus.
• Ability to work independently and collaboratively in a team-oriented environment.
• Additional experience in community and economic development initiatives is highly desirable.

PHYSICAL REQUIREMENTS/WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Close vision is required.
• Employees must be licensed drivers and have regular access to an automobile.
• Employees are regularly required to: sit; talk and hear; use hands to finger, handle or feel; and reach with hands and arms.
• Employees are frequently required to type and use a keyboard.
• The employee must occasionally lift and/or move up to 10 pounds.

YOU CAN EXPECT:

• Starting salary range: $61,000 based on education and experience plus commission.
• A compassionate and supportive work environment.
• A competitive benefits package including paid time off and sick leave, health and dental insurance, life insurance, and the option to participate in a 403b retirement plan with employer match.
• A background check conditional for job offer. Must satisfactorily pass a national service criminal history check that includes national sex offender registry, State Police, and FBI checks.
• The Institute and Institute Capital is an equal opportunity employer.

HOW TO APPLY:

For consideration, interested candidates must submit a cover letter and resume. Cover letters must address candidate experience and qualifications being sought. All materials should be sent to RMcCullough@TheInstituteNC.org with e-mail Subject Title: Loan Administrator - ICAP