Coastal Enterprises, Inc. (CEI) is a statewide private, nonprofit community development corporation with an international reputation for developing cutting edge, innovative programs to create economically and environmentally healthy communities in which all people, especially those with low incomes, can reach their full potential, CEI provides financing and technical assistance to small businesses, social services and housing projects, with branch offices in Portland, Augusta, Bath, Ellsworth, Fairfield, Farmington, Lewiston, Machias and Sanford. We seek motivated individuals who share our commitment to deliver resources to Maine people to help them achieve their economic goals.Salary is competitive, based on experience and applicable skills. CEI offers a generous benefits program, including health/life/disability insurances, and a pension plan.To apply for employment, please send resume and cover letter referencing the position for which you are applying to: Personnel, Coastal Enterprises, Inc., POB 268, Wiscasset, Maine 04578, or e-mail to

Controller

Qualifications:  Experienced manager with in-depth knowledge of nonprofit and for profit accounting and financial reporting in a diverse corporate environment providing small business financing, affordable housing, business counseling, venture capital and tax credit services.  Analytical team player willing and able to provide hands-on technical accounting assistance.   Excellent written and oral communications skills.  Proficiency with Word, Excel, Access and MicrosoftySL (or similar) accounting software.  College degree, CPA and 5 years’ relevant experience in nonprofit accounting, grants management and reporting required.  Experience in a lending or loan serving environment preferred. 

Responsibilities:  Reporting to Director of Finance, provides hands-on accounting department management for nonprofit organization with for profit affiliates.  Coordinates and engages in accounting, budgeting, financial, management and compliance reporting for a range of mission-related nonprofit program and lending activities.  Develops, implements and maintains financial and accounting policies, procedures, systems and controls.  Manages daily cash management and banking activities.  Maintains efficiency of accounting systems.  Works with external auditors for annual audit and various funding organizations for program-specific audits. 

Please send cover letter and resume to Personnel-Accounting at CEI.

Commercial Loan Fund Manager, New Markets Tax Credit Program

CEI Capital Management LLC (CCML), a for-profit subsidiary of Coastal Enterprises, Inc. (CEI), is an investment management company facilitating and managing the financing of commercial real estate projects and operating businesses in low-income areas, using the leveraging power of federal tax credits available through the New Markets Tax Credit (NMTC) program.  CCML is seeking a Commercial Loan Fund Manager to continue developing and managing a series of loan pools averaging approximately $10,000,000 each with a target of funding at least $40 million in loan pools overall.  These loan pools lend to operating businesses and real estate holding entities with borrowing requirements of $100,000 or greater, will target an average individual loan size of $800,000, and have a duration of 9 years.  The manager will collaborate with the CCML team to learn the many intricacies of the NMTC program and then apply that knowledge to structuring and deploying loan pools in Maine, the Northeast, and possibly other select regions of the country.

Qualifications:  A proven track record as a commercial lender with demonstrated experience underwriting and structuring complex commercial real estate transactions and asset-based working capital lines of credit up to $5,000,000.  Existing relationships and credibility with senior management in the banking community as a seasoned commercial lender will support your ability to structure and market loan pools to commercial banks and other funding sources.  The ability and enthusiasm to assimilate, then simplify, and explain the complexities of the NMTC program to these funding sources in terms that are relevant to their own business interests. Prior experience with business tax credit programs a plus.

CCML has an entrepreneurial environment requiring personal initiative, innovation, strong interpersonal skills, and a commitment to CEI’s concept of triple bottom-line underwriting which considers returns from Economic, social Equity, and Environmental sustainability impacts.  Excellent writing and oral communication skills, solid business acumen, common sense, and an ability to assume an increasing responsibility for program management are essential.  An MBA or equivalent education and at least five years experience in the areas listed above are required.

Responsibilities:  One loan pool has been funded and is actively making loans in Maine.  Reporting to CCML’s Managing Director, your foremost task will be to apply your existing commercial lending and financial knowledge to build on this success to develop, promote, deploy, and manage the existing loan pool and at least another $30 million in loan pools using the NMTC subsidy to lower funding costs and mitigate underwriting risks. You will combine this pool work with efforts to secure additional NMTC investment capacity; market the program to capital sources, businesses, and development professionals; and contribute to the strategy and expansion of CEI’s NMTC program.  

Salary is competitive, based on experience and relevant skills.   CEI offers excellent benefits, including health/life/disability insurances and a pension plan.  Please send cover letter and resume by to:

Personnel – NMTC
Coastal Enterprises, Inc.
2 Portland Fish Pier, Suite 206
Portland, ME 04101
207-772-5503 (fax)  or (email)

Transaction Analyst, New Markets Tax Credit Program

CEI Capital Management LLC (CCML), a for-profit subsidiary of Coastal Enterprises, Inc (CEI), is an investment management company facilitating and managing financings of real estate projects and operating businesses in low-income areas, using the New Markets Tax Credit (NMTC) program.  CCML is seeking a Transaction Analyst to support and learn from our Investment Officers and others on our team in researching, describing, and placing complex transactions of $300,000 to $20,000,000 into low-income communities across the nation.

Qualifications:  A professionally mature individual with experience evaluating and closing complex business investments (loans, equity), both large and small. Experience with complex commercial real estate transactions a plus. CCML purposely nurtures an entrepreneurial environment requiring innovation, strong interpersonal skills, and a commitment to CEI’s mission of triple bottom-line underwriting which considers returns from Economic, social Equity, and Environmental impacts.  Excellent writing and oral communication skills, common sense, the ability to work well with others, and an ability to assume increasing responsibility for program management are essential.  An undergraduate degree in Finance or related field and at least three years experience in the transactional areas listed above are required.  MBA or equivalent preferred. Excellent software skills in spreadsheet analysis, word processing, presentation applications, and others are absolutely required.

Responsibilities:  Position reports directly to CCML’s Managing Director with significant functional oversight from CCML’s investment officers.  Duties will be varied with a focus on front-end credit analysis, screening for NMTC compliance, spreadsheet modeling, documentation, and help in closing transactions. You will also be required to work closely with our asset management and compliance staff, after deals are closed, to assure ongoing portfolio maintenance and early intervention for any problems that may develop.  The preferred candidate will have the ability to communicate well with external stakeholders and exhibit the potential to progress to the level of Investment Officer over time.

Salary is competitive, based on experience and relevant skills.   CEI offers excellent benefits, including health/life/disability insurances and a 403b Plan.  Please send cover letter and resume to:

Personnel – NMTC
Coastal Enterprises, Inc.
2 Portland Fish Pier, Suite 206
Portland, ME 04101
207-772-5503 (fax)  or (email)