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Community Finance Specialist - Denver Economic Development Opportunity


Community Finance Specialist - Denver Economic Development Opportunity

About Our Job

We encourage you to apply as soon as possible because this posting may close without advanced notice.

Denver Economic Development and Opportunity (DEDO) is leading an inclusive and innovative economy for all Denver residents, businesses, and neighborhoods.  We work to ensure that everyone in the community benefits from a vibrant economy through thoughtful business development efforts, job creation and advancement opportunities, entrepreneur and small businesses support, and by improving neighborhood conditions while preserving the culture and character of Denver’s neighborhoods experiencing significant change.

We are seeking a Community Finance Specialist to serve as DEDO’s loan underwriter and nonprofit partner.  The Community Finance Specialist will provide direct support to the Neighborhood Equity and Stabilization Team (NEST) within DEDO by identifying successful project opportunities, acting as the NEST underwriting specialist for those opportunities, and maintaining vendor and community relationships to ensure successful, long-term relationships and outcomes.  This work will also focus on building collective and impactful partnerships within DEDO and across city agencies to ensure DEDO continues to lead in the effort of creating an inclusive and innovative economy.  This role will be responsible for the underwriting and risk-assessment strategies for NEST, partner with the Business Development underwriting staff to ensure consistency and efficiencies and cross-divisional projects, and partner closely with DEDO Finance to enhance the loan strategy and funding efforts of the agency.

The position will be the lifeblood for many of Denver’s community partners, providing expertise, analysis, information, and follow-up on DEDO’s numerous funding programs.  Finally, this role will get to use his/her expertise in finance, banking, underwriting, and credit analysis in order to work closely with nonprofit and community partners to truly make a difference to those in need – this role is a key component of DEDO’s equity and inclusion work.  

 Responsibilities include:

  • Performs underwriting due diligence in a timely manner of major complex development, catalytic projects/real estate transactions and Public Facilities & Improvements (PF&I) projects by reviewing the application package and other relevant documents/information associated with the project requesting financing.  Will recommend to approve or decline the request to NEST Director and/or Executive management based on the outcome of the evaluation. 

  • Schedule and perform loan closings and workouts as necessary to fulfill the contracting requirements of any approved projects.

  • Become a subject matter expert for Community Development Block Grant (CDBG-HUD) rules and regulations in order to analyze, advise, research, and communicate potential deals or existing challenges that may arise.

  • Become familiar with compliance requirements for deals within your portfolio.

  • Performs due diligence to amend/revise terms of existing loans as requested by contractor/borrower/other funders, fulfilling full/partial releases of liens, exchange of collateral, extension of maturity dates, subordination requests, etc.

  • Be actively involved in the annual public notice of funding application/evaluation/contract process.  This process is for the funding of Denver’s non-profit organizations providing public service to specific target neighborhoods to low income individuals and businesses.  Act as the financial reviewer for this process.

  • Serve as a Community Development Representative for assigned contracts. Review the numerous documents such as budget summary, budget narrative, insurance coverage, SAM registration, draft/prepare the Scope of Services and work closely with the Contract Administrator to process the contract request.  Monitor and follow-up the progress until the contract has been fully executed and ensure funds are drawn down in a timely manner.

  • Monitor contractor(s) to ensure they are meeting their objectives and performance targets as negotiated/agreed.  Provide support as needed.

  • Develop relationships and a strong knowledge of the issues in at least two vulnerable communities. Identify community voices and ensure their voices are heard and represented in CCD processes.

  • Other projects as assigned/delegated.

About You

Our Ideal Candidate has:

  • Good analytical ability to perform financial and risk analysis by evaluating factors such as program requirements, project budgets, operating expenses, projections, market studies, title work associated with loans - specifically Public Facilities & Improvements (PF&I) transactions. 

  • Experience providing technical assistance to developers, contractors and staff involved regarding program requirements and processes. 

  • Knowledge and technical competency in interpreting the Federal and/or other governmental regulations, compliance issues and specific requirements of the agency’s programs. 

  • Banking / Underwriting experience – preferably for a nonprofit or community-based organization.

  • Highly creative and innovative in structuring transactions in desirable community development projects.

  • Ability to work independently and make sound judgments and recommendations on the proposed development projects requesting financing. 

  • Flexibility in understanding and evaluating contract language or developer/contractor/other funders or individuals involved with the overall process of the community development project.

  • An interest in, and desire to, help vulnerable communities in Denver.

  • Outgoing, friendly manner to allow effective community engagement.

  • Experience working in or with municipal or other government agencies.

  • Demonstrated commitment to social justice and equity.

  • An understanding of public policy, political processes, and of the nonprofit and small business community.

  • Strength in analyzing both data and policy to drive decisions.

  • A high moral and ethical compass.

  • Excellent communication, writing, research, analytical, organizational, interpersonal, time-management and multi-tasking skills.

  • The ability to take initiative, prioritize duties, pay close attention to detail, work independently and under pressure to meet specific deadlines.

We recognize your time is valuable, so please do not apply unless you meet the following required minimum qualifications: 

  • Education: Bachelor's Degree in Accounting, Finance, Economics, Business Administration, or a related field.

  • Experience: Three (3) years of full performance, professional level experience overseeing and administering functional or operational aspects of fiscal business operations.

  • Education/Experience Equivalency: One (1) year of the appropriate type and level of experience may be substituted for each required year of post-high school education. Additional appropriate education may be substituted for the minimum experience requirements.

About Everything Else

Job Profile

CV2310 Fiscal Administrator I

To view the full job profile including position specifications, physical demands, and probationary period, click here.

Position Type


Position Salary Range

$73,239.00 - $117,182.00

Starting Pay

$75,000 - $90,000


Denver Economic Development & Opportunity


Job Type : Full-Time
Education Level : ""
Experience Level : ""
Job Function : ""
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