Investment Committee Member job in Any
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Quebec
Prince Edward Island
Nova Scotia
Newfoundland & Labrador
New Brunswick
Ontario
Manitoba
British Columbia
Alberta
Location
Quebec
Prince Edward Island
Nova Scotia
Newfoundland & Labrador
New Brunswick
Ontario
Manitoba
British Columbia
Alberta
Description
The Community Forward Fund Assistance Corp (CFFAC) is seeking skilled, experienced and values-aligned individuals to stand for election to its Investment Committee.
Who we are looking for
We are seeking qualified professionals experienced in adjudicating commercial credit applications and with an understanding and experience in the non-profit, charitable and co-operative sectors in Canada. All Investment Committee members must become registered Advising Representatives with the Ontario Securities Commission. Dual registration may be possible for individuals already registered with the OSC.
Investment Committee members’ responsibilities include:
• Review and approve loan and investment recommendations using approved criteria and a risk weighting system for the Community Forward Fund (CFF) and Canadian Co-operative Investment Fund (CCIF)
• Provide relevant feedback and guidance to CFFAC management for specific transactions
• Review the CFF loan and investment policies from time to time, as required
The CFFAC Investment Committee meets as needed to review loan and investment recommendations. Meetings are held by phone and are generally no more frequently than monthly. Membership in the Investment Committee is not compensated. All expenses incurred by members in the exercise of their responsibilities are reimbursed. Meetings are conducted in English.
About the Community Forward Fund Assistance Corp
Community Forward Fund Assistance Corp was established in 2011 and is a registered, non-profit fund manager, portfolio manager and dealer (restricted). CFFAC provides fund management services to two impact funds:
1) The Community Forward Fund (CFF) is an $11 million fund (projected to grow to $20 million) that was established in 2012 and provides loans to non-profits, charities and social enterprises across Canada. The Fund aims to promote lasting community benefit in Canadian communities. To date, CFF has funded over $18 million in loans to 45 Canadian non-profits and charities in 8 provinces. Loans have ranged across a wide spectrum of organization missions and business models.
2) The Canadian Co-operative Investment Fund (CCIF) is a $25 million fund that was established in 2018 to invest in and lend to co-operative enterprises that are having positive impacts in their communities across Canada. CCIF is sector agnostic and aims to promote lasting community benefit in Canadian communities. To date, CCIF has approved investments of over $2,2 million in loans to co-operatives across 4 business sectors and 3 provinces.
More information on the CCIF can be found at https://ccif.coop
More information on CFF can be found at https://communityforwardfund.ca
CFFAC is affiliated with and receives administrative and financial management support from New Market Funds (NMF), a platform that includes the NMF Rental Housing Fund and New Commons Development.
How to Apply
If interested, please send your CV and cover letter to cpellegrini@communityforwardfund.ca by June 15, 2019.
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