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PCDC seeks highly qualified candidates who aspire to be leaders in their field and who have a passion for primary care. We look for candidates with relevant work experience and a proven track record for success. Above all, we value commitment to our mission of catalyzing excellence in primary care. Come work with us and see our impact!

The Primary Care Development Corporation (PCDC) is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, gender, gender identity or expression (including transgender status), sexual orientation, national origin, ancestry, citizenship status, age, disability or handicap, veteran status, marital status, pregnancy, genetic information or any other characteristic protected by applicable law.

The following opportunities are available. For questions, please contact hr@pcdc.org.

 

Chief Financial Officer

Position Summary
The COVID-19 pandemic and the public health and economic crises that ensued have had ongoing and widespread effects on the health care system. This multilayered crisis has exacted a disproportionate toll on individuals and communities who are Black, Indigenous and People of Color, as well as other marginalized communities around the country, and its impact on health outcomes has mapped all too clearly along lines of privilege and disadvantage. Now is a critical time – and an exciting opportunity for PCDC – to ensure the long-term sustainability of high quality, accessible and comprehensive primary care and to move the country along a much-needed pathway to health equity.

PCDC seeks a mission-oriented, dynamic, strategic finance professional to lead PCDC’s Division of Finance and to build the enterprise. The CFO is responsible for leading PCDC’s formulation and execution of financial strategy and oversees all financial management. The CFO is a leader who is mission-oriented, highly experienced in non-profit and/or CDFI financial management and strategy, and is ready to engage in working toward PCDC’s mission of health equity. The CFO supervises a finance team of four, actively participates in executive leadership, advises PCDC’s business units on financial planning, and is responsible for raising new capital, diversifying capital sources, and managing PCDC’s capital stack.

Key Responsibilities
The CFO of PCDC is responsible for all financial operations (financial planning, accounting, cash management, investments, audit and fiscal functions) of the organization including positioning PCDC for strategic growth and planning in line with the 5-year business plan. In addition, the CFO is responsible for raising and managing PCDC’s capital from diverse sources. The CFO oversees the development, implementation and oversight of financial tools and transparency practices for smart financial decision-making throughout the enterprise and provides financial information for funders and investors through regular reports and statements. The CFO is an organizational and functional leader and responsible for carrying out day-to-day management responsibilities.

Executive Leadership

  • Essential member of PCDC’s executive leadership, building a vision, setting priorities and policies, and building PCDC’s expertise, brand, and reputation
  • Strategic planning at the organizational enterprise level
  • Maintains situational awareness of economic conditions, industry standards and market trends
  • Oversees enterprise risk management
  • Staffs the Board of Director’s Finance/Audit Committee; assists in developing committee objectives and meeting agendas and preparing information and materials for board and committee meetings
  • Serves on PCDC’s Staff Loan Committee

Financial Strategy, Planning & Analysis

  • Develops tools and systems to provide critical financial and operational information to the Board, CEO, and senior management team
  • Develops, refines, and implements PCDC’s financial strategy
  • Develops, monitors, and implements financial forecasting tools
  • Leads an integrated annual budgeting and planning process and multi-year financial scenario planning
  • Provides strategic leadership for engagement pricing strategy and budgeting for PCDC’s technical advisory services
  • Leads the integration and efficiency of financial management, employee expense, project management, and accounting software tools

Financial Management and Compliance

  • Oversees general accounting operation
  • Establishes and maintains appropriate internal controls
  • Provides monthly financial reports and forecasts
  • Monitors organizational performance against both the annual budget and PCDC’s strategic and business plans
  • Manages and advises on investment policies and manages investments and liquidity
  • Develops and maintains asset/liability management capability
  • Oversees annual financial audit, ratings, and governmental audits
  • Oversees compliance with all funder, government, and investor reporting, restrictions and covenants

Capital Raising

  • Optimizes debt and grant capital to support financing and operations in close cooperation with the CEO and Managing Director of Capital Investment
  • Raises capital, expanding to diverse capital sources and leveraging existing capital
  • Leads and manages relationship management of debt capital investors and financial institutions
  • Manages capital renewals of existing investors
  • Collaborates with other staff on proposals and applications for grant and other capital

Professional Experience/Qualifications

The ideal candidate will have at least 10 years of progressive experience and will possess the following professional qualifications:

  • Financial accounting, cash management, analytical and budgeting skills
  • Lending, debt and equity capital strategies
  • Demonstrated financial strategy, including projections, modeling, profitability analysis across different lines of business
  • Strong written and verbal skills

Essential Traits and Drivers

  • Lead with strength, humility, and a sense of humor
  • Commitment to actively participate in, help implement, and model PCDC’s work on health equity and racial justice
  • Model authority, responsibility, and accountability
  • Collaborative leader and colleague, ability to participate in and convene across the enterprise

Education
Bachelor’s degree is required; preference for MBA, CPA or related advanced degree or certification.

Compensation
Compensation will be competitive and commensurate with experience.

Contact
The Primary Care Development Corporation (PCDC) has engaged Korn Ferry to help in this hire. Please apply here.

Managing Director, Capital Investments

Position Overview

The COVID-19 pandemic and the public health and economic crises that ensued have had ongoing and widespread effects on the health care system. This multilayered crisis has exacted a disproportionate toll on individuals and communities who are Black, Indigenous and People of Color, as well as other marginalized communities around the country, and its impact on health outcomes has mapped all too clearly along lines of privilege and disadvantage. Now is a critical time – and an exciting opportunity for PCDC – to ensure the long-term sustainability of high quality, accessible and comprehensive primary care and to move the country along a much-needed pathway to health equity.

PCDC seeks a mission-oriented, dynamic, strategic lending professional to lead the Capital Investment Practice and build the enterprise. This individual will manage a dynamic and growing division of 14 lending professionals. PCDC’s five-year business plan envisions a 30% growth in lending activity (direct lending and NMTC deployment) and a 50% increase in assets under management. Accordingly, throughout the next several years, the focus of this division will be to leverage and grow the portfolio of health care lending (e.g. with Federally Qualified Health Centers, behavioral health organizations, safety net hospitals) and expand to other types of primary care (e.g., independent primary care practices as well as “primary care adjacent sectors” including housing, senior services, and social services with a primary care focus), in under-resourced and disinvested communities. The ideal candidate will have a mix of health care or other mission-focused lending experience and CDFI experience. New York and/or California experience will be highly valued.

Key Responsibilities
Enterprise and Team Leadership and Management

  • Lead the development and implementation of innovative and successful capital solutions and products to build an equitable, accessible, and high-quality primary care system
  • Oversee all aspects of PCDC’s lending, including business development and credit and portfolio management, both on- and off-balance sheet
  • Loan fund capital management, loan underwriting, set and adhere to policy and regulation
  • Lead team to accomplish and exceed goals for loan production, budget, and other activities
  • Essential member of PCDC’s Executive Team, building a vision, setting priorities and policies, and building PCDC’s expertise, brand, and reputation
  • Staff Board of Directors Loan Committee and NMTC Advisory Committee

Strategic Planning & Execution

  • Drive PCDC’s Strategic and Business Plans by developing and executing activities to achieve impact, foster PCDC’s stability and growth, and manage risk
  • Closely collaborate with other PCDC divisions
  • Establish, work towards, monitor, forecast, and evaluate strategic and annual goals and budget for enterprise and division
  • Help build and lead PCDC’s approach to health equity and racial justice

Market Expertise & Relationships

  • Maintain knowledge trends in federal and state programs including NMTC, CDFI Fund, HRSA loan guarantee, etc. as well as trends in capital markets, CDFI lending and healthcare financing to build PCDC’s strategic approach
  • Maximize PCDC’s ability to access key capital sources including the CDFI Fund, banks, philanthropy, and impact investors
  • Develop, manage, and maintain relationships with the CDFI community, including other CDFIs, the Opportunity Finance Network, various coalitions (e.g., Lenders Coalition for Community Health Centers, CDFI coalitions, NMTC Coalition, etc.), banks, health care institutions, and trade associations
  • Develop and expand robust and meaningful relationships with the health care sector and current and potential borrowers
  • Lead staff to provide technical assistance to clients, identify appropriate resources, assess project feasibility and financing requests, develop strategic and innovative financing strategies and structures
  • Identify financing opportunities and creatively solve problems
  • Maintain a robust pipeline

Professional Experience/Qualifications

  • A passion for the mission and deep appreciation for community development finance work
  • A track record of driving production and growth in a business unit
  • A minimum of 7 to 10 years of leadership experience
  • Entrepreneurial orientation with the ability to bring structure and drive to a growing organization
  • Excellent communication and public speaking skills to influence and promote the impact of PCDC to larger and broader audiences
  • A track record of creativity, agility, and innovation across a person’s career
  • Experience and existing networks with leading CDFI’s, foundations, and impact investors; prior experience with private credit, banking institutions, and/or national industry organizations preferred
  • Proven experience collaborating internally and externally to grow products and services that produce catalytic change

Essential Traits and Drivers

  • Lead with strength, humility, and a sense of humor
  • Commitment to actively participate in, help implement, and model PCDC’s work on health equity and racial justice
  • Model authority, responsibility, and accountability
  • Collaborative leader and colleague, ability to participate in and convene across the enterprise

Education

  • A Bachelor’s degree from an accredited four-year college or university is required, ideally with major course work in finance, economics, public policy, or health care
  • An advanced degree in business, law, public policy, finance or equivalent professional experience and qualifications demonstrating impact investment knowledge is preferred

Compensation
Compensation will be competitive and commensurate with experience.

Contact
The Primary Care Development Corporation (PCDC) has engaged Korn Ferry to help in this hire. Please apply here.

New Markets Tax Credits (NMTC) Manager

The Opportunity
Primary Care Development Corporation is seeking a New Markets Tax Credit (NMTC) Manager to play a central role in managing our growing portfolio of NMTC investments in community-based healthcare providers. The NMTC Manager will be responsible for overseeing PCDC’s compliance with the US Department of Treasury’s CDFI Fund NMTC program requirements throughout the sourcing, origination, underwriting, structuring, closing, and asset management of NMTC transactions. The NMTC Manager will report to the Chief Credit Officer.

The Manager’s responsibilities include, but are not limited to:

  • Oversee all stages of the NMTC financing process and provide compliance guidance to the Capital Investment team staff, from evaluating potential borrowers and projects, conducting initial NMTC eligibility and compliance tests, evaluating NMTC projections, structuring transactions, drafting credit proposals, ensuring ongoing compliance throughout the seven-year compliance period and through the unwind in accordance with NMTC program standards
  • Review and summarize relevant partnership agreements, operating agreements, loan agreements and related documents for compliance and reporting requirements
  • Manage periodic investor distributions to ensure compliance with partnership agreements and tax credit regulations.
  • Maintain a thorough and up-to-date understanding of the tax and compliance requirements related to NMTC and monitor developments in the industry related to tax credit compliance. Disseminate knowledge to colleagues to inform Capital Investment practice and PCDC’s NMTC program.
  • Manage and coordinate the preparation of the NMTC application with Capital Investment and Finance teams and consultants
  • Identify and recommend process and system improvements as they relate to all aspects of NMTC compliance and reporting
  • Manage reporting to the CDFI Fund; maintain timely entries in AMIS through all stages of NMTC transactions from closing to unwind and close out, and annual and interim CIIS reporting
  • Manage the preparation of periodic investor reports
  • Monitor and coordinate disbursements to ensure program compliance
  • Maintain a culture of quality customer service at all points of contact with internal and external clients, Capital Investment team, staff, board and committee members, lending partners and professionals.
  • Cultivate and maintain strong relationships with current and future borrowers, key stakeholders, and partners
  • Ensure efficient and productive communication and coordination with the Chief Credit Officer, Chief Lending Officer, and the Capital Investment team staff to ensure sound compliance practices

Candidate Profile
The ideal candidate will have the following professional and personal qualities, skills, and characteristics:

  • Minimum of three years lending experience in community development and/or community facility financing, preferably with a CDFI or other community development lender
  • Demonstrated experience in program management, financial analysis, and compliance monitoring
  • Bachelor’s degree in Business or Finance (Master’s Degree in Business, Finance or related field preferred)
  • In-depth knowledge of lending products and services, compliance or monitoring for complex tax credit transactions (ideally NMTC or LIHTC)
  • Knowledge of, or commitment to, the healthcare industry and primary healthcare
  • Strong oral and written communication skills
  • Strong interpersonal skills and proven ability to work effectively with a wide variety of people and organizations, and in culturally and ethnically diverse environments
  • Self-motivated, with a positive attitude
  • Experience reading and understanding complex legal documents, nonprofit financial statements, and NMTC projections
  • Outstanding interpersonal skills, ability to communicate and representing PCDC externally
  • High degree of self-motivation and ability to work independently
  • Excellent teamwork and strong time management skills are essential

Compensation
PCDC offers a competitive salary and a comprehensive benefits package.

Contact
The Primary Care Development Corporation (PCDC) has engaged Koya Partners to help in this hire. Please submit a compelling cover letter and resume to Erin Reedy and Christy Farrell here.

Loan Officer, Business Development

The Opportunity
Primary Care Development Corporation is seeking a Capital Investment Loan Officer, Business Development, to play a central role in the growth and expansion of PCDCs lending business nationally. The Loan, Officer, Business Development will be responsible for cultivating relationships, building pipeline, and structuring loans and New Markets Tax Credit (NMTC) transactions, working closely with colleagues in the Capital Investment team. Primary responsibilities include: identifying viable opportunities, developing capital solutions, structuring terms, coordinating due diligence; analyzing financial statements; performing the initial analysis; preparing and presenting proposals to the Chief Lending Officer and Chief Credit Officer. The Loan Officer, Business Development will partner internally to support the achievement of budgeted goals, contribute to process improvements, develop networks, and ensure transactions conform with PCDC’s impact and credit standards. The Loan Officer, Business Development will report to the Chief Lending Officer.

The Loan Officer, Business Development is accountable for loan origination activities, including sourcing, cultivating, structuring, and analyzing transactions. Responsibilities include, but are not limited to:

  • Identify opportunities and cultivate relationships across the spectrum of community health practices supported by PCDC’s lending program through the U.S. with emphasis on PCDC’s target geographic markets
  • Engage with clients to understand needs and develop effective financing solutions to meet those needs and conform to PCDC impact and credit standards.
  • Develop prospects and build pipeline of viable financing opportunities that meet short-term and long-term team and enterprise goals and strategy.
  • Work with borrowers through all stages of the financing process, from sourcing new clients and projects, assessing the viability of potential borrowers and projects, conducting financial analyses, and structuring loans and NMTC, preparing and presenting credit proposals, and negotiating financing solutions in accordance with credit policy and guidelines.
  • Develop and maintain knowledge of PCDC target geographic markets and identify evolving trends, risks and opportunities. Disseminate knowledge to colleagues to inform Capital Investment practice.
  • Cultivate and maintain strong relationships with current and future borrowers, key stakeholders, and partners.
  • Ensure efficient and productive communication and coordination with the Chief Credit Officer and the portfolio management staff to ensure sound risk and asset management practices.

Candidate Profile
The ideal candidate will have the following professional and personal qualities, skills, and characteristics:

  • •Minimum of five years lending experience in community development and/or community facility financing, including underwriting and administration of construction loans, preferably with a CDFI or other community development lender
  • Experience in real estate development or health care financing preferred
  • Bachelor’s degree in Business or Finance (Master’s Degree in Business, Finance or related field preferred)
  • In-depth knowledge of credit and lending products and services, as well as analysis of financial indicators related to credit risk management
  • Knowledge of, or commitment to, the healthcare industry and primary healthcare
  • Record of successful business development
  • Strong oral and written communication skills, including experience speaking publicly
  • Strong interpersonal skills and proven ability to work effectively with a wide variety of people and organizations, and in culturally and ethnically diverse environments
  • Self-motivated, have a positive attitude, and be enthusiastic to work in a start-up and entrepreneurial environment
  • Ability to travel throughout the U.S., including a valid driver’s license
  • Knowledge of New Markets Tax Credits (NMTC) and Community Development Financial Institutions (CDFIs) is preferred
  • Strong financial analysis skills, particularly with nonprofit accounting
  • Strong communicator and relationship builder with the ability to forge deep community relationships
  • Experience in building, managing, and deepening client relationships.
  • Outstanding interpersonal and oral/written communication skills, ability to produce exceptional quality work as part of an interdisciplinary team of professionals
  • High degree of self-motivation, creativity, and flexibility
  • Excellent teamwork and strong time management skills are essential.

Compensation
PCDC offers a competitive salary and a comprehensive benefits package.

Contact
The Primary Care Development Corporation (PCDC) has engaged Koya Partners to help in this hire. Please submit a compelling cover letter and resume to Erin Reedy and Christy Farrell here.

Senior Director, Primary Care Advisory Services

The Opportunity

The Senior Director is passionate about community-based health care and the importance of building a high quality, affordable, accessible primary care sector to support healthy and thriving communities and health equity. The Senior Director plays a central role in the growth and expansion of PCDC’s training, technical assistance, and consulting business in California, with primary responsibility for creating and implementing an effective strategy to build PCDC’s technical assistance business. In addition, the Senior Director will collaborate on and co-lead projects across the country with other CQP team members as opportunities arise.

Working under the direction of the Vice President, Clinical and Quality Partners, and in close coordination with the Western Region Market Leader (for Capital Investments), the Senior Director is accountable for positioning PCDC as a leader in primary care in California, particularly in Los Angeles County. The Senior Director is responsible for creating and maintaining broad and deep relationships with providers, policy makers, health care systems, insurers, foundations, corporations, and others with an interest in primary care to drive new business, new funding opportunities, and new collaboration. The Senior Director maintains knowledge of local, regional, and national healthcare delivery system and trends, and applies that knowledge to support and inform PCDC’s business development and programs to serve California’s primary care system.

The Senior Director will work closely with the Western Region Market Leader to develop effective cross-functional approaches to grow PCDC’s reputation, business, and impact in market. As the LA County office team grows, the Senior Director may be responsible for staff supervision and development.

Included responsibilities but not limited to:
Business Development

  • Conduct market analyses, identify and explore business opportunities, and cultivate relationships across the spectrum of community health providers and through the West Coast, including primary care and behavioral health organizations and health plans.
  • Develop and maintain knowledge of California primary care markets, particularly Los Angeles County, and identify evolving trends, risks, and opportunities, and disseminate knowledge to inform PCDC’s business strategy and solutions.
  • Increase PCDC and personal profile/reputation through thought leadership (speaking engagements, presentations, committee participation, etc.) to drive client engagements.
  • Secure a minimum number of contracted engagements (mixture of grants, fee-for-service engagements, etc.) revenue (determined annually by Managing Director); contribute to achievement of departmental revenue goals.
  • Partner with the Western Region Market Leader to co-create and execute a business development strategy for the California technical assistance business that complements and aligns with the overall business development strategy for the region.
  • Respond to passive and active outreach from prospective clients and partners.
  • Coordinate with the CQP Leadership team to assign teams to manage individual engagements.
  • Develop and/or coordinate the development of new services and products to meet client needs.
  • Lead (or oversee) the development of engagement scopes, budgets, and contracts.

Client-Facing Engagements

  • Deliver training and technical assistance through client engagements, leveraging personal and team expertise, particularly in data-driven operations and financial improvement (e.g., revenue cycle, service line profitability, throughput time, quality incentives, etc.).
  • Provide senior-level sponsorship for work; monitor and support team performance on current engagements and grant/contract requirements, ensuring consistent, high-quality outcomes and deliverables for clients; ensure each engagement has appropriate project management, evaluation, and quality assurance structures.
  • Check-in with client engagement sponsors to ensure positive client experience.

Departmental Strategy

  • Develop and execute department strategy in cooperation with the VP and other Senior Directors.
  • Identify opportunities for internal operations improvement, present recommendations, and coordinate project teams in response.
  • Work across PCDC business lines in collaboration with other units, including the Communications team to develop and maintain collateral and other materials relevant to the unit, and the Advocacy team to ensure that policy issues regarding primary care transformation are flagged and addressed.
  • Support annual iterations of the Western Region Market Plan.

Candidate Profile
The ideal candidate will have the following professional and personal qualities, skills, and characteristics:

  • Ten+ years senior level experience in primary care, behavioral health, health insurance, community health, or related field.
  • Demonstrated commitment to health equity and racial justice.
  • Based in California (preferably Los Angeles County)
  • Proven track record in business development
  • Knowledge, understanding of, and experience in leveraging health care financial, operational, and/or clinical data to drive organizational improvement (e.g., revenue cycle, service line profitability and planning, throughput time, quality incentives, etc.).
  • Knowledge, understanding of, and experience in primary care, behavioral health, community health, and health systems as well as local market knowledge of California’s health care systems and payers.
  • Demonstrated experience leading consulting or internal improvement projects from scoping through impact evaluation; and the use of data to inform decision making.
  • Commitment to primary care as key to building healthy communities and health equity.
  • Strong interpersonal skills and proven ability to work and communicate effectively with a wide variety of people and organizations, and in culturally and ethnically diverse environments.
  • Experience building and facilitating relationships within and among various sectors including demonstrated success in business development.
  • Self-motivated and enthusiastic to work in a start-up and entrepreneurial environment.
  • Preferred Master’s degree in public health, public/health administration, business, or related fields, or demonstrated equivalent experience.
  • Ability to travel around California and the West Coast, in addition to at least semi-annual travel to New York City.

This position will be 100% remote (working from home) during the COVID-19 pandemic. Once PCDC’s workforce returns to the office this is expected to be an on-site position in Los Angeles, CA.

Compensation
PCDC offers a competitive salary and a comprehensive benefits package.

Contact
The Primary Care Development Corporation (PCDC) has engaged Koya Partners to help in this hire. Please submit a compelling cover letter and resume to Erin Reedy and Christy Farrell here.