Due Diligence Contractor

Contract (5-months): 3-months full time (40 hrs/wk) & 2-months part-time (20 hrs/wk)

About the Position

The Due Diligence Contractor is a 5-month role on the Investment Team at CNote. The Contractor will be responsible for the overall strategy, oversight, and growth of CNote’s fixed income portfolio of investment partners. The primary responsibilities of this role are to monitor CDFI investments and to underwrite new CDFIs to expand the portfolio. You’re an ideal candidate if you get excited about solving the wealth gap through financial innovation and the power of technology.

Responsibilities

  • Analyze CDFIs’ financial statements, loan portfolios, lending policies and procedures, and strategies to determine the degree of risk involved in extending credit, as well as recommend risk mitigation strategies.
  • Organize site visits (onsite/virtual) with CDFIs to conduct meetings with senior management, board members, evaluate the team work and culture.
  • Prepare and present investment memos to CNote senior leadership and Investment Committee.
  • Coordinate with legal and operations teams on loan closings, documentation, and capital deployment.
  • Actively participate in the portfolio construction and portfolio management of CDFI investments.
  • Review quarterly and annual CDFI financial and portfolio reporting submissions and ensure borrowers maintain compliance with financial covenants.
  • Maintain open communication with borrowers to monitor risk and assess capital needs on a regular basis.
  • Collaborate with the technology team to enhance the underwriting and monitoring process and ways to leverage technology for the benefit of the whole CDFI industry.
  • Work across CNote’s teams to support CNote’s mission and the CDFI industry.

Qualifications

  • Ability to effectively prioritize tasks and maintain timelines
  • Strong analytical, negotiation, and problem solving skills
  • Organized and detail oriented
  • Excellent oral and written communication
  • Action oriented and self-disciplined
  • Willingness and belief in continuous improvement and learning
  • Open, inclusive mindset
  • Ability to thrive in a dynamic, fluid start-up environment

About CNote

CNote is an impact platform on a mission to close the wealth gap through financial innovation. Using the power of technology and a community-first framework, CNote enables corporations and individuals to efficiently invest in fixed income and time deposit products at scale to further economic equality, racial justice, gender equity, and address climate change with their capital. As part of its offering, CNote delivers regular reporting on the social impact of deposits and investments made through its platform. A certified B Corporation backed by venture firms and angel investors, CNote was named “Best for the World” by B Lab and was named “Best Women-Owned Business” by the United Nations’ Women’s Empowerment Principles program.

CNote embraces diversity and is committed to co-creating a positive, inclusive work culture for all employees by recruiting, developing and retaining the most talented people from all backgrounds and experiences, who challenge each other’s assumptions with fresh perspectives. CNote is proud to be an Equal Employment Opportunity employer that prohibits unlawful discrimination or prejudice of any kind based upon race, religion, national origin, family status (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, status as a protected veteran, or status as an individual with a disability.