Associate

Job Title: Associate
Supervisor: Associate Director, Operations and Ratings
FLSA Status: Exempt
Location: Philadelphia, PA/Remote

Position Summary and Essential Functions

The Associate will contribute to the success of Aeris Operations Team’s work with CDFIs, including playing an essential role in the Aeris rating process working with Aeris staff, analysts and rated institutions as well as helping support the Aeris Cloud, Aeris’ industry-first database of standardized CDFI performance data. Work is managed and performed in a standard production environment and process, with key success measures being quality, quantity, accuracy, timeliness, and team work.

The Associate is required to be self-motivated in the management and performance of scheduled workloads, but should also be flexible to work in a team environment in response to changing business needs and priorities. He/she will be able to learn new skills, new content, and new ideas quickly and effectively. Prior experience reading and understanding the financial statements of financial institutions with lending activities is preferred.

Responsibilities include, but are not limited to:

  1. Play an essential role in the Aeris Rating process
    • Review and verify accuracy of collected data, calculated ratios and related tables and graphs
    • Prepare detailed financial and narrative report templates for Aeris Analysts.
    • Request and track document submission for all Aeris Rating Reports. Following up as necessary with CDFIs to ensure that all materials are submitted in timely fashion.
  2. Prepare CDFI financial statements for the Aeris Cloud
    • Work with Aeris Operations team to understand CDFI financial presentation.
    • Prepare CDFI financial statements and performance metrics for Aeris analyses or quarterly reporting.
    • Working with CDFIs, proof and finalize quarterly financial statements and reported performance data.
    • Communicate with CDFIs and Analysts regarding clarification of materials submitted and requests for additional data.
  3. Aeris Data Collection
    • Orient CDFIs to uploading data and supporting documentation to the Aeris Cloud.
    • Lead Webinar demonstrations of the Aeris Cloud for CDFIs, as requested.
    • Load data and documents into appropriate “libraries” on the Aeris Cloud.
    • Work with CDFIs to set up their Aeris “library” and financial template on the Aeris Cloud.
    • Follow up with CDFIs as necessary to ensure timely upload of quarterly financial statements and performance data.

Education and Experience:

  • Bachelor’s Degree and 1-3 years of professional experience is desired, preferably in financial services,
  • Strong financial and analytical experience required
  • Familiarity with nonprofit financial statements is preferred
  • Strong writing and communication experience required

Knowledge, Skills, Responsibilities and Physical Requirements:

  • Strong financial, market, and qualitative analysis skills
  • Strong ability to focus on detailed work for accuracy
  • Superior professional interpersonal skills
  • Ability to work constructively with diverse constituents
  • Advanced Excel and Word skills
  • Ability to work in a timely manner, be self-motivated and take initiative for new projects
  • Ability to work both independently and in a team environment is required
  • Ability to manage multiple tasks in an effective and efficient manner
  • Capacity and willingness to learn
  • Alignment of personal goals with Aeris’ mission and the field of impact investing.
  • Job involves normal physical requirements for an office position EOE/ADA Compliant

Applicants should send resume and cover letter to:

Search: “Associate”
Aeris Insight Inc.
Email: [email protected]

CDFI Data Analyst

Job Title: CDFI Data Analyst
Term: Part-Time Contractor
Supervisor: Associate Director, Operations and Ratings
Location: National remote

Position Summary:

Aeris Insight, Inc. seeks a qualified consultant to provide financial analysis and assist with data cleaning as Aeris expands and maintains our CDFI financial and portfolio performance database.

Candidates must have working knowledge of lending institution financial statements, particularly for nonprofits, and demonstrated capacity to interpret financial audit reports. Qualified consultants must also have excellent numeracy capabilities, written and verbal communication skills. Reliability and attention to detail are critical.

Responsibilities include, but are not limited to:

  • Review and proof internally-generated quarterly financial statements submitted by CDFIs, following up with the CDFI and Aeris staff to address potential errors and obtain missing metrics.
  • Spread audited financial statements for CDFIs into an Excel workbook for upload to the Aeris Cloud.

Work is managed and performed in in Excel and in the Aeris Cloud, Aeris’ proprietary online database, with key success measures being quality, quantity, accuracy, timeliness, and team work.

Type of Contract:

Aeris seeks to enter into a retainer agreement with a qualified consultant for up to 45 days of work in 2022. Work is seasonal with the peak period in February, May, August, and November. Training on how to interface with the Aeris Cloud will be provided.

Interested consultants should send resume and cover letter with hourly rate to:

Search: Data Contractor
Aeris Insight Inc.
Email: [email protected]

Financial Institutions Rating Analyst

Title: Financial Institutions Rating Analyst
Term: Full-time or part-time contractor
Supervisor: Director of Ratings and Analysis
Work Location: National remote

Position Summary
Aeris offers mature financial professionals the opportunity to use your financial analysis and credit skills for social good. We are seeking qualified candidates to join our team of experienced financial analysts. We provide rating reports on community development (CDFI) loan funds across the country that support impact investing.

  • The impact management rating is an assessment of how well a CDFI pursues and achieves positive change related to its mission and impact goals.
  • The financial rating assesses CDFI strength from the perspective of an unsecured investor with a 3- to 5-year investment horizon.

You will

  • Be assigned rating analyses of specific CDFIs.
  • Analyze the most recent five years of financial information, including audits, portfolio performance reports, and Aeris standardized financial spreads, ratios, tables, and charts.
  • Review written policies and narrative documents relating to impact, financial performance, and management, such as strategic plans, board minutes, and underwriting policies.
  • Conduct one to two days of interviews with management and board members.
  • Write the rating report, averaging 50 pages in length, including opinions on the significant strengths and weaknesses, descriptions of programs and processes, Aeris standardized tables and charts, and explanations for changes.
  • Present the rating report and recommended rating to the Aeris rating committee.

Analysts are supported by an operations team that produces initial financial spreads, and a quality review team to ensure credit analysis and writing standards.

Aeris management and experienced analysts are rating committee members. You will have the opportunity to qualify as a rating committee member after completion of several rating analyses, based on management’s assessment of your skills and Aeris experience.

Your professional experience and skills should include

  • Extensive experience underwriting financial institutions or structured funds for investment, including qualitative aspects of organizations.
  • Sound judgement of financial strengths and weaknesses.
  • Solid understanding of accounting concepts.
  • Writing skills of publication quality.
  • Excellent attention to detail.
  • Work well with rote processes, standard conventions, and project deadlines.
  • Proficiency in MS Office Word and Excel; experience with Salesforce is a plus.
  • Understanding issues, trends, and operations of CDFIs and other impact sectors is a plus.

Aeris analysts are mostly drawn from mid-career to semi-retired financial services professionals.
No extraordinary physical requirements beyond ability to travel. ADA/EOE

A Short Introduction to Aeris

Aeris guides capital to good. We are a rating and information service in the impact investing field, which has grown into a $500 billion industry over the last decade. Impact investments aim to address some of the world’s most pressing social and environmental challenges as well as yield a financial return. Aeris provides ratings, analysis, information, and consulting services that bring accountability and transparency to impact investing.

Aeris was established in 2004, focusing first on rating private community development loan funds (CDFIs). These loan funds invest in women and minority-owned small businesses, commercial real estate, affordable housing, and community facilities in socially and economically challenged communities throughout the United States. In 2013, Aeris built a cloud-based platform to collect and manage impact and financial information on CDFIs to further support Aeris services and to provide impact investors with timely data.

More recently, Aeris began applying our knowledge, expertise, and tools to the broader impact investment world. Today, we are expanding the functionalities of our platform to offer impact fund managers a highly reliable SaaS product that supports the collection, management, and analysis of impact and financial performance data of their investments.

Part- Time Contract Terms

For part time Contractor positions, qualified analysts are assigned a minimum of three CDFI analyses per year when fully onboarded. Rating assignments typically complete over a period of four to five months with total analyst hours ranging between 80 to 120 per assignment. Some training time should be factored into the first three to four assignments.

Analysts scheduling is done roughly six months ahead although some scheduling flexibility is required to accommodate unforeseen changes. Site visits for management interviews are periodically scheduled; currently all interviews are being done remotely.

Compensation is based on scope of analysis and complexity of organization.

Full-time Analysts
Full-time analysts on staff work a regular 40 hour week with paid time off and benefits.

Submission of Applications
Please send applications electronically to Helen Leung, Chief Operating Officer at [email protected]

To be considered, applications must include:

  1. A cover letter stating how your interest and relevant experience fit this opportunity, and
  2. A full resume or CV.