Position Chief Program Officer, Executive Vice President
Company Hope Enterprise Corporation
Location Jackson, Mississippi
Reporting Relationship Reports to Chief Executive Officer
Supervises the Senior Vice Presidents: Commercial Lending (1), Community & Economic Development (4)
For 25 years, HOPE has helped marginalized residents across the Deep South climb the economic ladder by advancing financial inclusion, building assets, and by changing systems that disenfranchise families. HOPE is a family of organizations comprised of:
- A credit union owned by people of color and women that drives capital into banking deserts, and brings thousands of people from the economy’s edge into the financial mainstream (Hope Credit Union),
- A nonprofit intermediary that braids public and private resources to bolster jobs, education, access to healthy food, healthcare and affordable housing and other mobility drivers in high poverty places (Hope Enterprise Corporation), and
- An advocacy arm that shapes policies and practices to narrow gaps forged by decades of underinvestment – using data and analysis mined from our member-owners, communities, and other sources; and that mobilizes Deep South residents and stakeholders around shared priorities (Hope Policy Institute).
Together, these entities mitigate the extent to which factors such as race, gender, ethnicity, birthplace, and wealth obstruct the trajectory of one’s life. For over a quarter century, HOPE has positively impacted the lives of more than one million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, channelling more than $2.5 billion in financing into a range of community shaping, life-changing activities.
The Chief Program Officer (CPO) will play a central role in advancing this work by guiding the direction, growth and soundness of HOPE’s Commercial Lending (CL) and Community & Economic Development (CED) activities.
HOPE’s Commercial Lending team employs strategies that make capital affordable and accessible to underserved borrowers in a prudent and impactful manner. These include manual underwriting, flexible rates and terms, through the extensive use of credit enhancement programs, and leveraging financing from a range of bank, public and philanthropic resources. Further, HOPE often complements its financing with technical assistance partnerships and strategies that strengthen the capacity of borrowers.
Working in tandem with the Commercial Lending department, the Community & Economic Development team amplifies HOPE’s impact by identifying and structuring financing opportunities in key areas/sectors that bolster economic mobility in vulnerable communities, such as affordable housing, healthcare, education, healthy food, and community facilities. The CED team manages HOPE’s New Markets Tax Credit program, Charter School Facilities Fund, Mid-South Healthy Food Initiative, Low-income Housing Tax Credit program, Opportunity Zone Funds, and other high-impact activities. The CED team also leads HOPE’s Small Towns Partnership, collaborating with local leaders, residents and other key stakeholders to plan and implement strategies that improve conditions in economically distressed towns and neighbourhoods.
- Lead team of experienced professionals responsible for HOPE’s Commercial Lending and Community & Economic Development activities.
- Oversee the operational and portfolio performance of the Commercial Lending and Community & Economic Development areas and make recommendations for overall effectiveness and continuous improvement.
- Foster collaboration with the Investor Relations team with regard to funding proposals and compliance with funder/investor requirements; with the Policy team on related advocacy; and with other areas as required.
- Reinforce an organizational culture that values open communication, innovation, employee engagement and other traits that contribute to collaboration and high performance.
- Advanced degree in related field.
- Ten years of relevant experience, with a demonstrated track record of progressive leadership.
- Experience in the design and management of development finance programs;
- Ability to problem solve and think critically; high level of emotional intelligence
- Demonstrated success managing projects that involve multiple parties and people with diverse backgrounds and positions
- Strong writing skills
- Skilled in Microsoft Word and Excel