Dream a brighter future for Latino communities alongside us! At Raza Development Fund, you can use your professional skills to empower under-resourced communities across the country, helping us increase access to healthcare, education, and affordable housing, economic opportunity—and igniting lasting change. To be part of our legacy of influence and impact, learn more about our job openings and apply today.
ABOUT RAZA DEVELOPMENT FUND (RDF)
RDF is the largest national, Latino-focused nonprofit Community Development Financial Institution (CDFI). Driven by a mission to close wealth and opportunity gaps in Latino and other under-resourced communities across the United States, RDF provides responsible and attainable financial solutions to community-based organizations focused on health, education, affordable housing, climate resilience, homeownership, and entrepreneurship.
RDF was founded in 1999 as a support organization to Unidos US, the nation’s largest Hispanic civil rights and advocacy nonprofit, formerly known as the National Council of La Raza. As a testament to its exceptional financial strength and impact, RDF stands out as one of the few CDFIs with a prestigious AA- S&P rating. Since its inception, RDF has invested more than $1.3 billion across 38 states, leveraging over $6 billion in additional capital.
OUR INVESTMENT STRATEGY
Our investment strategy is predicated on an ultra-high touch and value-added approach to supporting organizations that prioritize premium outcomes to create economic prosperity and bridge wealth gaps. RDF’s market position as a preferred capital partner enables superior project sourcing capabilities, and our team of impact investment professionals care deeply about the success of our clients. To that end, we bring more than just capital to the table – we make key connections; provide valuable advice; design and lead structured financings; and deliver innovative solutions. Operating as a non-regulated, specialty finance company, our due diligence process is decidedly values-based; fundamental, but forward looking; and we actively embrace complexity to capitalize on differentiated, impact investment opportunities.
ABOUT THIS OPPORTUNITY
This position is responsible for providing broad, community development underwriting support to RDF’s industry focused business unit Senior Directors, most of whom work remotely from Phoenix, AZ; Seattle, Washington; and Chicago, IL. The Investment Associate will support Senior Directors in the development of custom-tailored financing solutions for complex structured transactions that involve public/private partnerships, traditional debt, grant capital, and/or tax credit financing. In this role, 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.
As Investment Associate you will be expected to:

• Adhere to RDF’s 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 RDF’s 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 RDF at those events, as necessary.
• Collaborate with other industry specific teams on financing opportunities, as necessary.
• Perform other tasks, as assigned.

QUALIFICATIONS
Education:

• A bachelor's degree in finance, economics, community development, or a related field.

Experience:

• 2-3 years of experience in investment banking, private equity, venture capital, impact investing, or related fields.

Financial Analysis Skills:

• Strong financial modeling skills, with the ability to evaluate complex investment opportunities.
• Strong analytical skills with attention to detail in financial analysis, impact measurement, and reporting.
• Ability to synthesize complex information and data to inform investment decisions and measure social impact.

Community Development Knowledge:

• Understanding of community development principles and practices for community facilities financing.
• Knowledge of CDFIs and their role in providing capital to underserved communities.
• Knowledge of community development finance, impact investing, and/or social entrepreneurship is a plus.

Communication and Relationship-Building Skills:

• Excellent communication and presentation skills, with the ability to convey complex ideas clearly and persuasively.
• Ability to build and maintain relationships with community partners, investors, and other stakeholders.
• Cultural competency and the ability to work effectively with diverse communities, particularly within the Latino/Hispanic community.

Passion for Social Impact:

• Passion for social justice, economic empowerment, and making a positive difference in underserved communities.

Teamwork and Collaboration:

• Ability to work effectively as part of a team, collaborating with colleagues across different departments and functions to achieve shared goals.
• Flexibility and adaptability to work on multiple projects simultaneously in a dynamic environment.

Technical Proficiency:

• Proficiency in relevant software applications such as Microsoft Excel, financial modeling software, and databases used for impact measurement and reporting.

Interested candidates must send cover letter (*required) and resume in the same document. For questions, contact RDFjobs@razafund.org referencing specific title of position.
Job Type: Full-time
Benefits:

• Dental insurance
• Health insurance
• Paid time off

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: Remote