Careers

Position Description

Job Title:  Accounting Assistant
Reports To:  Chief Financial Officer
Program:  Finance Office
Program Partner:  N/A
Location:  Durham
Classification:  Non-Exempt
Type:  Full Time
Salary:  Not Published

Position Summary:
The individual will report directly to the Chief Financial Officer and supports Executive Staff as required.  Hours may vary greatly depending on the needs of the company and its executives; however, the Accounting Assistant can generally expect to work normal business hours.

Position Description of Responsibilities:

• Processing accounts payables and accounts receivables in compliance with financial policies and procedures
• Prepare reports, invoices, summaries, financial statements and other documents
• Create, read, analyze, file, retrieve and organize organizational documents, invoices and orders
• Coordinates and handles daily processing of financial mail and electronic correspondence
• Program Support: Process and maintain separate accounting of program and grant funding
• Reconciliation of accounts
• General ledger expense posting
• Maintaining internal controls and filing systems
• Assist with audits and audit preparations
• Vendor management
• Other duties as assigned

Position Qualifications:

• Bachelor’s Degree required; with a concentration in accounting preferred
• Minimum of three years of experience in office administration and finance
• Ability to work independently, proactive, energetic and professional
• Have the ability to work with diverse staff in multi-faceted fast paced environment
• Proficient in the utilization of technology and office systems, accounting software and equipment (e.g. QuickBooks, SAP)
• Ability to respond to request quickly
• Excellent verbal and written communication skills
• Strong organizational skills
• Excel proficient: building spreadsheets, pivot tables, etc.

Position Description

Job Title:                   Loan Officer
Team:                         Institute Capital
Location:                   Durham
Reports to:                 SVP-Operations
Direct reports:          none
Type pf position:       Loan origination, analysis and pre-underwriting
Work schedule:         Full time, M-F, 9-5
Exempt status:           Non-exempt

The Loan Officer (LO) is responsible for originating and analyzing all loan requests for Institute Capital’s (ICAP) small business, community-based organizations and affordable housing project lending, and preparing files for underwriting submission. All loans will be originated through the LoanWell platform but may require additional origination efforts.

The market includes for-profit operating businesses, community-based non-profit organizations, and affordable housing developers, with a targeted effort to minority- and women-owned/led businesses.

The responsibilities of the LO include loan origination with new and existing clients, analyzing business cashflow, working with the business development specialists and loan processors to ensure all documents and information is acquired for underwriting, and performing pre-underwriting analysis. 

The LO will also be responsible for working with the Institute’s internal technical assistance (TA) programs by communicating loan updates with client’s referred by TA program staff. The LO will coordinate origination and processing efforts with the processing staff of ICAP.  As part of the role, the LO will be responsible for using a project management tool to keep all staff involved up-to-date on loan status.

Principal Duties & Responsibilities

LOAN ANALYSIS/ORIGINATION

• Coordinate loan origination with loan origination/processing staff, using the Loan Well platform and project management platform, to ensure the client experience is coordinated and clear. Assess loan requests, including an overview analysis of financial statements and management capacity to ensure prospective borrowers are a good fit with our credit and mission standards.
• Provide excellent customer service, including prompt responses, basic technical assistance and referrals to internal technical assistance programs as appropriate.

Other Duties

• Assist in pre-closing process and servicing loans, working with portfolio management team on troubled loans as needed. Perform other duties as may be deemed necessary.

Education and/or Experience

• 4 year college degree or relevant experience plus 5 years’ experience in lending, finance, community economic development or related experience. Understanding of real estate development and financing.

Knowledge, Skill and Ability

Demonstrate ICAP’s core competencies:

• Mission and Values
• Standards of Excellence
• Teamwork and Collaboration
• Initiative and Follow-Through
• Customer Focus
• Communication

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 allies.
• Ability to work effectively and cooperatively in teams.
• Proficiency with MS Word, Excel and PowerPoint
• Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organizations.

Work-Related Environments

• The employee must have a valid state driver’s license and access to reliable transportation.
• The employee may be required to travel throughout the Institute’s footprint: NC, VA, WV, KY and DC Metro
• The employee may be required to outreach, make presentations, and generally represent the Institute and ICAP in various activities (e.g., conferences, meetings, etc.)
• The employee will be required to adhere to all aspects of the Institute’s Operations Policies and Procedures.

Note: For new employees, a ninety-day probation period is required.  This time gives the employee the opportunity to evaluate and assess if the Institute is compatible for their career goals and aspirations. Likewise, the Institute will assess and evaluate if the employee is the ideal fit for the organization and position responsibilities.

 

Position Description

Job Title:                  Business Development Specialist
Team:                        Institute Capital
Location:                   Durham
Reports to:                SVP-Operations
Direct reports:          none
Type of position:      Business development & marketing support
Work schedule:         Full time, M-F, 9-5
Exempt status:          Non-exempt

The Business Development Specialist (BDS) is responsible for developing 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- and women-owned businesses.

The primary role of the BDS include relationship-based marketing of ICAP’s community-based lending products to referral sources, to include the other programs within the Institute family, and potential borrowers throughout the Institute geographic footprint. The BDS will also be responsible for connecting the client with the loan origination team, serving as the liaison for the client.  The BDS will coordinate marketing efforts with Admin staff person of ICAP and the marketing staff of the Institute to ensure all marketing is timely and accurate.  As part of the role, the BDO will be responsible for monitoring industry and compliance changes that may affect lending.

Principal Duties & Responsibilities

BUSINESS DEVELOPMENT AND MARKETING

• 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, financing options, in conjunction with communications staff, e-blasts and other appropriate outreach.
• Coordinate marketing activities with marketing/communications staff to reach potential clients through social media outlets and other community relationships, as well as and Institute programs.
• Develop an internal referral process for other Institute programs.
• Manage existing and build new partnerships that further ICAP’s business lending goals.

LOAN ORIGINATION

• Initiate loans with loan origination/processing staff by directing clients to LoanWell platform, and communicating with loan origination/processing staff, to ensure the client experience is coordinated and clear.
• Provide excellent customer service, including prompt responses, basic technical assistance and referrals to internal technical assistance programs as appropriate.

OTHER DUTIES

• Perform other ICAP related duties deemed necessary.

Education and/or Experience

• 4 year college degree or relevant experience plus 5 years’ experience in lending, finance, community economic development or related experience.

Knowledge, Skill and Ability

Demonstrate ICAP’s core competencies:

• Mission and Values
• Standards of Excellence
• Teamwork and Collaboration
• Initiative and Follow-Through
• Customer Focus
• Communication

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
• Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organizations.
• Ability and willingness to travel within the Institute’s geographic footprint as job requires, including many day trips and some overnight travel.

Work-Related Environment

• The employee must have a valid state driver’s license and access to reliable transportation.
• The employee may be required to travel throughout the Institute’s footprint: NC, VA, WV, KY and DC Metro
• The employee may be required to outreach, make presentations, and generally represent the Institute and ICAP in various activities (e.g., conferences, meetings, etc.)
• The employee will be required to adhere to all aspects of the Institute’s Operations Policies and Procedures.

Note: For new employees, a ninety-day probation period is required.  This time gives the employee the opportunity to evaluate and assess if the Institute is compatible for their career goals and aspirations. Likewise, the Institute will assess and evaluate if the employee is the ideal fit for the organization and position responsibilities.