Community Investments Analyst

Community Investments Analyst

The posted compensation range of $42.82 - $62.09 / hour is a reasonable estimate that extends from the lowest to the highest pay CommonSpirit in good faith believes it might pay for this particular job, based on the circumstances at the time of posting. CommonSpirit may ultimately pay more or less than the posted range as permitted by law.

CommonSpirit Health, one of the nation's largest health care provider systems, is committed to building healthy communities advocating for those who are poor and vulnerable and innovating how and where healing can happen both inside our hospitals and out in the community. The Community Investment Program ("CIP") is at the forefront of realizing the organization's mission and channels financial resources to institutions or projects that address the social determinants of health, primarily in the form of below-market rate loans to institutions and / or projects.

With an allocation of up to $400 million, of which approximately $260 million is either deployed or approved for deployment, the CIP promotes access to resources and services addressing health-related social needs to underserved populations in CommonSpirit Health's communities.

Job Summary / Purpose

The Community Investment Program Analyst works with the Community Investment Program Manager to champion and orchestrate all facets of an exceptional, nationally recognized place-based community investment program. This encompasses financial analysis and loan underwriting, participating in meetings with investees, relationship management, portfolio monitoring, impact measurement, business development, program operations, and process improvement. In addition to performing credit analysis, the Analyst maintains the operational excellence of the CIP through activities such as program and file maintenance, payment tracking, reporting, reconciliation, impact measurement and evaluation, and disbursements. This position reports directly to the Manager, Community Investments and collaborates with the Director, Investments as well as the Chief Investment Officer within the Treasury Department and other teams including Mission. This is a hybrid role based in San Francisco, CA, and the Analyst is expected to work from the San Francisco office a couple of days per week. There may also be occasional travel.

Essential Key Job Responsibilities

• Financial Expertise and Evaluation : Assist in the rigorous credit and financial analysis of prospective investments and the portfolio. Support the preparation of analysis included in thoughtful, comprehensive credit memos that are shared with the CIP Advisory Council for recommendation and Investment Subcommittee for approval.
• Portfolio Management and Impact Evaluation : Monitor loan compliance and investment performance by reviewing investment reporting, creating borrower loan summaries, and managing upcoming maturities and related communications. Contribute to the development of an impact framework and spearhead impact analysis in collaboration with the Manager to report on the investment portfolio's impact and financial performance.
• Operational Excellence : Enhance program efficiency through maintenance and improvement of investment and project management tools and processes. Support program operations through record maintenance, payment tracking, reporting, program reconciliation, and impact report reviews. Work closely with custodian Northern Trust and the Treasury team to proactively manage investment cash flows and address payment delinquencies. Assist in transaction closing and investment exit processes. Continually identify areas for improvement reflecting best practices.
• Strategic Collaboration and Relationships : Collaborate across departments like Treasury, Mission, local Markets, Corporate Communications, and Legal to ensure the smooth execution of transactions and development of materials to showcase the CIP's achievements and impact. Support the development and maintenance of relationships with investees and other mission-oriented stakeholders.

Qualifications

Minimum Qualifications Required Education, Experience, and Qualifications

Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nation's largest nonprofit Catholic healthcare organizations, CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2,300 clinics, care sites and 137 hospital-based locations, in addition to its home-based services and virtual care offerings. CommonSpirit has more than 157,000 employees, 45,000 nurses and 25,000 physicians and advanced practice providers across 24 states and contributes more than $4.2 billion annually in charity care, community benefits and unreimbursed government programs. Together with our patients, physicians, partners, and communities, we are creating a more just, equitable, and innovative healthcare delivery system.

Unless directed by a Collective Bargaining Agreement, applications for this position will be considered on a rolling basis. CommonSpirit Health cannot anticipate the date by which a successful candidate may be identified.

CommonSpirit Health offers a generous benefit package, including but not limited to medical, prescription drug, dental, vision plans, life insurance, paid time off (full-time benefit eligible employees may receive a minimum of 14 paid time off days, including holidays annually), tuition reimbursement, retirement plan benefit(s) including, but not limited to, 401(k), 403(b), and other defined benefits offerings, as may be amended from time to time.