Community Development Investment Specialist

9 hours ago


Seattle, Washington, United States Raza Development Fund Full time
Join Our Team

About Raza Development Fund

Raza Development Fund is a community development financial institution that provides responsible and attainable financial solutions to community-based organizations focused on health, education, affordable housing, climate resilience, homeownership, and entrepreneurship.

About the Role

We are seeking a skilled Investment Associate to join our team. As an Investment Associate, you will provide broad, community development underwriting support to our industry-focused business unit. You will work directly with borrowers, vet investment opportunities, provide technical assistance, conduct due diligence and financial analyses, draft credit memoranda, defend recommendations to credit committee(s), and coordinate the documentation and closing of secured and unsecured credit products for clients in the assigned industry.

Responsibilities

  • Adhere to our core values, including a commitment to working in economic development endeavors with diverse, under-resourced communities.
  • Actively manage and monitor a portfolio of focused impact investments and provide deep, ongoing technical assistance to new and existing client relationships.
  • Serve our clients as a trusted advisor throughout the full cycle of client relationships and provide high-value, technical assistance services, when necessary.
  • Apply knowledge of programs and policies.
  • Engage in industry groups and relevant conferences and events.
  • Develop and defend insightful investment theses by screening and underwriting financing requests, including analyzing community impact, historical and projected financial performance, management capacity, the feasibility of budgeted financing sources, and conducting prospect site inspection visits.
  • Present financing requests for approval and manage closings.
  • In collaboration with the loan operations team, complete post-closing financing follow-up activities, including project construction management, processing financing draw-down requests, and collect all applicable reporting requirements, as necessary.
  • Maintain a group calendar of events, including industry-related events, client groundbreakings, fundraisers; and represent Raza Development Fund at those events, as necessary.
  • Collaborate with other industry-specific teams on financing opportunities, as necessary.
  • Perform other tasks, as assigned.


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