CDFI Friendly Bloomington, a startup 501(c)(3) nonprofit, is seeking a founding Executive Director. The position is the primary staff person to set up the organization, with support from the founding Board of Directors, and to lead it in its work.
The primary roles of CDFI Friendly Bloomington are to:
- Create a new model for CDFI financing, by establishing local CDFI Friendly Bloomington to collaborate with regional and national CDFIs and encourage them to serve the Bloomington market.
- Market and promote Bloomington and Monroe County to CDFIs across the state, the region, and the nation.
- Match CDFIs to local demand for financing from businesses, housing developers, nonprofits, and community organizations.
- Structure and manage financial investments alongside the CDFIs in support of local borrowers.
The ideal candidate will bring credit experience at a CDFI and/or in community development, experience or capacity to manage a startup organization, strong leadership qualities, and the disposition for working closely with a nonprofit board. Familiarity with Bloomington/Monroe County is a plus.
The Executive Director will lead CDFI Friendly Bloomington through its start-up phase to full-scale operations. To that end, the Executive Director will assume responsibility in the areas of program development, management, fundraising, and public relations. The Executive Director will:
Represent CDFI Friendly Bloomington in the local community, promoting its goals and services, and with the CDFI industry locally, regionally, and nationally, advocating and advancing local financing opportunities.
Develop outreach and marketing materials to distribute to potential partners, investors, funders, and allies.
Coordinate CDFI Friendly Bloomington’s work with investors, funders, the City of Bloomington, and others pursuing aligned goals.
Participate in CDFI industry activities to understand CDFI priorities, to promote Bloomington and Monroe County, and to seek financial support.
Negotiate and structure financing using CDFI Friendly Bloomington’s defined products, present financing opportunities to CFB’s Investment Committee and Board, close transactions, and monitor investments and portfolio performance.
Report regularly to the Board and to investors on programmatic outcomes and performance.
Develop and propose programmatic adjustments and/or enhancements in pursuit of CDFI Friendly Bloomington’s mission and purpose.
Provide strategic direction and leadership, including recommending to the Board of Directors possible improvements in the organization’s strategy and program.
Set up and supervise operating systems, including financial management, operational policies, loan policies, and other core functional procedures.
Create and implement procedures and documentation to close funding and financing as well as other contractual business relationships for CDFI Friendly Bloomington.
Develop a fundraising strategy and raise funds, as determined with the Board of Directors, to ensure ongoing operations and organizational sustainability.
Manage relationships with funders and investors, including seeking and cultivating relationships with new and additional funders and investors, as needed.
Maintain and track fundraising data
Conduct organized and effective public relations effort in local and CDFI markets through social media, earned media, and direct communications.
Ensure a clear understanding of and encourage strong support for the goals and mission of CDFI Friendly Bloomington.
This position involves an unusual blend of financial experience, credit expertise, nonprofit management history, and local market awareness. The Executive Director must have strong financial, writing, speaking, public relations, management, leadership, and planning skills. They must be able to work in both the local community with partners that bring diverse backgrounds and skills as well as in the financial marketplace of CDFIs, banks, and foundations. They should be skilled organizers able to bring together people across multiple areas of expertise and diverse cultures.
The Executive Director must have a bachelor’s degree. A master’s degree in business, management, economic or community development, banking, and/or finance is a plus. They must have at least five (5) years of work experience including management, credit, and public-facing duties such as public relations. Strong candidates will demonstrate continuous growth in responsibility in their work and regular pursuit of promising new opportunities.
Please submit your cover letter and resume or CV to
CDFI Friendly Bloomington
c/o Community Foundation of Bloomington and Monroe County
100 S. College Avenue, Suite 240
Bloomington, IN 47401
or submit via email to email@example.com
CDFI Friendly Bloomington is an equal opportunity employer and offers
employment opportunity without regard to race, creed, color, ethnicity, national origin, sex, sexual orientation, sexual expression, age, marital status, physical ability, pregnancy, religion, veteran status or military obligations.