New

Intern, Community Development Finance

Enterprise Community Partners
$18 to $23 for undergraduate students and $23-$28 for graduate students,
United States, New York, New York
Feb 22, 2025
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with anexceptional benefits package. Job Description Summary The Community Development Finance Intern would provide support to all of Enterprise Community Loan Fund, the community development financial institution lending arm of Enterprise Community Partners. Areas may include underwriting, credit analysis and review, asset management, impact management and storytelling, data analysis, and capital raising. This intern position will utilize financial and analytical skills to support a variety of tasks and projects which will further their industry-based knowledge of community development financial institutions, real estate, affordable housing, impact measurement and management, and commercial lending. As needed by the business, the position may be required to participate in writing funding proposals or developing project-based profiles or marketing materials and presentations. Additionally, the position will support on-going data management efforts critical to business reporting, impact management and compliance. Job Description Responsibilities: Provide administrative and analytical support to all Loan Fund departments for a variety of tasks including reporting, analysis, data management and general lending functions. Provide support to members of the Asset Management team by assisting as needed with financial analysis of existing borrowers/guarantors, loan review, simple modifications, workout plans for troubled loans and loan covenant compliance reviews. Provide support to members of the Lending team by assisting with due diligence review and evaluation of various aspects of loan underwriting such as evaluating feasibility and likelihood of repayment sources, appraisal reviews, construction cost reviews, property condition reports, environmental reports, and site inspections. Provide support to the Capital/Capital Programs team as needed with data analysis for new programs and/or product initiatives, investor requests, capital funding applications, or other special requests as applicable. Provide support to Operations and Portfolio Administration team as needed to assist with project data entry and management and other general administrative support. Develop and update communications materials related to ECLF's loan portfolio and impact investment product (Impact Notes), e.g., impact stories, social media, blog posts. Participate in industry learning initiatives Qualifications: Pursuing Undergraduate degree in Business, Finance, Real Estate, Accounting or other related areas of study. Prior coursework or familiarity with finance, statistics, lending, impact investing, impact measurement, or similar concepts, and interest in CDFIs or community development. Essential skills expectations: Self-development Tech savvy (preferably with business application experience) Resourcefulness Technical skills: Strong written communication skills Experience with research and data analysis Numeracy Microsoft Office (Excel, Word, Outlook) Total Rewards at Enterprise: You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing. The base pay for this role is $18 to $23 for undergraduate students and $23-$28 for graduate students, depending on level of skills and experience. The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance.Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others. #LI-JW1