Vice President of Lending and NMTC

Overview

Vice President of Lending and NMTC

National Community Investment Fund (NCIF) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. NCIF focuses on impact generation across economic opportunity, racial justice, and environmental justice issues. NCIF manages approximately $228 million in assets, including a balance sheet of $62 million and $166 million of New Markets Tax Credits (NMTC) allocations.

NCIF meets its mission via the following lines of business :

• Equity Investing : invest in / lend with mission-oriented financial institutions (CDFI banks, minority banks, CDFI loan funds, and others) with equity, debt and deposits investments. NCIF is a large investor in CDFI banks with investments in 17 institutions (10% of sector). Selectively NCIF will invest in financial and green technology companies that are mission aligned.
• New Market Tax Credit deployment : NCIF has received NMTC allocations and deploys them into nonprofit and for-profit impact-oriented operating companies and real estate such as health care facilities and schools.
• Lending : NCIF is building a portfolio of loans focused on supporting businesses, housing communities, education, healthcare, and other mission-aligned sectors. NCIF is launching a platform to originate and syndicate loans among the NCIF Network of Banks and is expanding to greenhouse gas reduction projects aligned with EPA goals (net-zero buildings, zero-emission transportation, and alternative energy sources) in underserved communities nationally.
• Impact measurement : a foundation of NCIF’s work across all lines of business, including developing a Large Language Model / Generative AI based data analytics platform to catalyze additional capital to the sector.

For more information on NCIF, please visit the NCIF website.

The Opportunity

NCIF is entering its next phase and planning for accelerated growth over the next 5 years. NCIF seeks an outstanding executive to join its growing fund management team and drive growth and impact while expanding lending and investing efforts. The Vice President, Lending and NMTC will be responsible for developing the business, in allocated areas as follows (in conjunction with other NCIF Team members) :

Candidate Profile

The Vice President, Lending and NMTC will have a deep passion for improving communities and believe in the power of capital to catalyze change. The ideal candidate will have the following professional and personal qualities, skills, and characteristics :

Compensation & Benefits

Salary is competitive and commensurate with experience. The estimated salary range for this role is $160,000-$180,000 with a generous benefits package. The exact salary will be determined based on the successful candidate’s skills and experience and aligned with NCIF’s compensation policies.

Contact

Koya Partners, the executive search firm that specializes in mission-driven search, has been exclusively retained for this engagement. Erin Reedy and Christy Farrell of Koya Partners have been exclusively retained for this search. To express interest in this role please submit your materials by or email Erin Reedy and Christy Farrell directly at and . All inquiries and discussions will be considered strictly confidential.

NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without regard to race, color, religion, national origin, sex, age, disability, veteran status, or sexual orientation except where such distinction is required by law. NCIF has a hybrid schedule with part remote / in-office work schedules. Preference will be given to candidates who are residents of Chicago or are willing to relocate.

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