Compliance Analyst

BlueHub Capital is seeking a Compliance Analyst to help BlueHub remain in good stead with community development finance institution (CDFI) compliance requirements for federal funding, NMTC (New Market Tax Credits) allocations, as well as investor and donor requirements. This person will support the data entry, analysis, report drafting, and cross-collaboration needed to maintain compliance on grant awards, loans, and investments; assist in the tracking and production of reports to satisfy compliance and other reporting requirements; support the implementation of the NMTC program; support the Aeris (a financial and impact reporting firm) review process; and assist with applications for new financial resources. The Compliance Analyst will report to the Director of Impact & Compliance and work closely with the Senior Impact Analyst across all BlueHub business lines to maintain compliance with external requirements and deliver on BlueHub’s mission.

Work Arrangements: BlueHub staff are working a hybrid schedule of three days of work in the office (Tu-Th) and two days of remote work (M & F).  

Background: BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $2.6 billion (and leveraged over $13.6 billion) to finance:

• Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places
• Reducing financial barriers to US citizenship
• Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes
• Mortgage lending for families facing foreclosure 

Reducing economic inequality is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on marginalized communities, particularly those who’ve been systematically denied access to capital. Our offices are located in the Nubian Square neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, www.bluehubcapital.org.

 

Essential Duties and Responsibilities:

The essential duties and responsibilities will include, but not be limited to, the following:

• Assist with the collection, storage, and maintenance of impact and other compliance-related data. 
• Help with preparation of periodic investor and grantor reports.
• Assist with maintaining ongoing compliance reporting for federal awards and allocations, institutional and foundation investors, and bank lenders across business lines which includes:
  • maintaining a calendar of reporting requirements.
  • supporting cross-business line communication strategies that assists with the accurate, timely information necessary to meet these requirements.
  • assisting with the preparation of quarterly and annual reports, surveys, and certificates.
• Provide support to the NMTC program including:
  • tracking compliance with allocation agreements; 
  • supporting deal closings, due diligence items, regulatory compliance, and asset management matters as they relate to compliance issues during the seven-year compliance period, disposition and exit stages;
  • collecting and reviewing borrower reporting deliverables for covenant compliance and impact reporting.
• Assist with Community Development Entity (CDE) and CDFI certification, which includes obtaining periodic board accountability certifications.
• Assist with annual CDFI reporting requirements.
• Participate in the preparation of periodic NMTC, CDFI and other applications.
• Provide support for the organization’s participation in the Aeris reviews.

Other duties as assigned.

 

Qualifications and Skills:

• A Bachelor’s degree and at least 1-3 years of experience in nonprofit sector or with community development finance institutions. 
• Experience successfully using CRM (Customer Relationship Management) software, ideally Salesforce.com.
• Intermediate experience using Excel and other data analysis tools. Able to identify significant themes from data analysis.
• Excellent oral and written communication skills.
• Able to be discrete when dealing with sensitive matters and to maintain confidentiality when needed.
• Able to develop/support systems that improve and ensure consistency in work.  
• Well-organized, flexible, and able to manage multiple tasks simultaneously, and to complete them on or ahead of schedule.
• Positive, can-do, collegial attitude; able to work effectively with a wide range of internal and external staff and stakeholders.
• Strong team player; willing to do whatever work is necessary to successfully complete key projects.
• Eager to learn and grow; able to take direction and to receive and provide constructive feedback.
• Able to work independently and to ask questions/seek guidance when needed.
• Interest in or commitment to social and economic justice, consistent with the mission and goals of BlueHub Capital.

 

Salary and Benefits:

Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s scale. As a “life cycle employer,” BlueHub invest in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits include: 

• Generous insurance benefits: Health, dental, vision, life and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses.
• Retirement benefits: Competitive 401(k) matching.
• Unique BlueHub benefits and stipends that support employee wellness, sustainable practices and charitable gift matching.
• Excellent package of vacation time and paid leave, as well as generous roll-over policies.

 

Application:

Please submit a resume and cover letter online via our application portal. You may direct your cover letter to Shannon Weiss, Talent Acquisition Specialist. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

BlueHub Capital is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.

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Last updated on Aug 10, 2024