Mission Economic Development Agency · 2 months ago
Vice President of Fondo Adelante
San Francisco, CA
Full-time
Hybrid
Senior Level, Lead/Staff
$135K/yr - $165K/yr
10+ years expMission Economic Development Agency (MEDA) is a community-based organization focused on economic justice for San Francisco's low and moderate-income Latino families. The Vice President of Fondo Adelante will lead the CDFI and Business Development Program, driving growth and managing loan origination, product development, and strategic partnerships to support underserved communities.
AssociationBuilding MaterialCommunitiesFinancial ServicesNon ProfitReal Estate
No H1B
Responsibilities
Provide on-site leadership and collaboration at MEDA’s Plaza Adelante headquarters in-office at least four out of five days per week, and represent MEDA at local, regional, and national advocacy, training, and field events and conferences as needed
Align strategies, products, and delivery of services with particular attention paid to place-keeping for the Latino community in San Francisco
Implement MEDA’s strategic plan components that involve building out the CDFI’s work in numerous lines of business, responsive to the various needs of the low-to-moderate income, Latino community in the San Francisco Bay Area, including: microenterprise and small business lending, affordable housing financing, and commercial real estate lending
Oversee new product development and management of loan application processes across numerous lines of business, including creating and updating application processes, underwriting guidelines, portfolio risk management practices, risk mitigation strategies, marketing plans, and loan servicing protocols. Conduct an annual review of the Loan Policy Manual and make recommendations to Fondo Adelante’s Board of Managers
Lead Fondo Adelante’s capitalization strategy through collaboration with MEDA’s CEO, CPO, senior management, and MEDA’s Development team in debt capital acquisition, grant writing, and fundraising to grow the CDFI’s balance sheet and further MEDA’s overall fundraising strategy
Prepare the CDFI’s annual operating budget, develop financial forecasts, and establish performance metrics to track portfolio and program outcomes
Lead and guide the Business Development team in delivering technical assistance through workshops, one-on-one coaching, and client outreach. Ensure that services are fully aligned with lending products, drive strong borrower engagement, and meet or exceed government contract performance metrics for participation, outcomes, and impact
Manage the CDFI’s growing team of 6 by providing day-to-day support, professional training, and accountability for staff toward clear goals and outcomes. Foster team-building, conflict resolution, and professional development in a way that leads to a healthy work environment
Work with MEDA’s Finance team to further build the CDFI’s loan servicing, financial covenant, risk management, and regulatory compliance systems and practices. Strategize with MEDA’s CFO on near-term and long-term balance sheet health to maximize the CDFI’s growth and responsiveness to community needs
Manage credit approval processes and ensure disciplined monitoring of loan portfolio performance, loan loss reserves, and compliance with investor/lender’s covenants
Identify and cultivate key relationships with other community-based and national organizations to more effectively serve MEDA’s low-to-moderate income Latino community
Lead and manage Fondo Adelante Board of Managers meetings, including the development of agendas, materials, and regular communication with Board members. Participate in MEDA Board meetings as needed and prepare CDFI materials for bi-monthly meetings
Manage loan portfolio quality and performance with periodic reporting to senior management and Fondo Adelante Board
Collaborate with MEDA’s Evaluation team to create and implement an impact evaluation strategy for the CDFI that aligns with MEDA’s overall place-based impact evaluation approach
Serve as a member of MEDA’s Senior Management Team and contribute to overall organizational efforts related to strategy, planning & program implementation, operations, staff development, and team building
With MEDA's CEO and Chief Program Officer (CPO), collaborate with local, statewide, and national leaders to drive systems change, racial justice, and equitable capital flow within low- and moderate-income communities of color through sharing MEDA’s capital deployment and technical assistance strategies
Qualification
Required
A bachelor's degree in business, finance, public administration, city/urban planning, or a related field is required
10 years of community development finance or banking experience can be substituted for a graduate degree
Proven track record in originating, underwriting, and managing small business and commercial real estate loans
Strong finance background with demonstrated ability to analyze financial statements (balance sheets, income statements, cash flow), prepare budget projections, and track portfolio performance measures
In-depth knowledge of and experience with CDFI lending products and other community finance vehicles, capital sources, and compliance requirements
Strong, collaborative leadership and staff management skills, with an emphasis on staff empowerment, project management, and accountability to results
An entrepreneurial work ethic, creativity, and openness to exploring new ideas, systems, and financial tools
Experience with small business lending, affordable housing finance, and/or commercial real estate lending is required
Minimum of 10 years of experience within a lending environment in a senior management position, preferably within a nonprofit lender, credit union, or other CDFI
Interest in community development policy and a strong desire to delve into both the details and the bigger picture of neighborhood planning
Excellent written and oral communication skills
Ability to work on-site at least four out of five days per week at MEDA's HQ
Commitment to MEDA's mission and place-based approach to economic and racial justice
Preferred
A master's degree is preferred
Knowledge of the San Francisco economic environment, land use policies, and neighborhood planning is highly desirable
Knowledge of or experience with under-banked, low-income, and underserved populations
Being bilingual in English and Spanish is desirable
Benefits
Comprehensive medical, vision, and dental insurance for employees and their dependents – 100 percent covered by MEDA
401(k) plan for employees
Generous paid time off - with a minimum of 20 days for new employees
Employee Assistance Program that offers free financial or legal counseling to employees or their families
Other forms of voluntary benefits
Company
Mission Economic Development Agency
Mission Economic Development Agency aims to increase the quality of life for low- and moderate-income neighborhood residents.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Luis Granados
Chief Executive Officer
Pamela Bolden Benoit, CPA
Chief Financial Officer
Recent News
The Real Deal
2025-10-25
San Francisco Chronicle
2025-06-23
GlobeNewswire News Room
2025-01-10
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