Senior Manager Capital Absorption

Main Street America is looking for a skilled program manager who is aligned and committed to building healthy and equitable community capital ecosystems.  The Capital Absorption Senior Manager will serve as the program lead and launch a two-year pilot initiative focused on a set of mid-sized cities in the Main Street network seeking to access funding and execute priority community development projects.  The program is funded by the Robert Wood Johnson Foundation and is upholding the Center for Community Investment’s Capital Absorption framework.

The Senior Manager of Capital Absorbtion will be housed in the Innovation Division at Main Street America and report to the Director of Strategic Projects.  The main areas of responsibility for the role include:

●      Lead program design and implementation of new capital absorption pilot for Main Street communities

●      Authentically engage community members and partners to build a shared vision of priority real estate projects

●      Develop informed and effective workplans for pilot communities to access capital and deepen their capacity to fund priority projects long-term

●      Leverage resources and partnerships to support pilot communities in developing work plans, executing pre-development activities for priority projects, and establishing sustainable capital sources for community development projects

Requirements

Qualified candidates for this position MUST HAVE the following competencies and skill sets:

●      Experience with Community Finance and Real Estate Tools: Knowledge of and comfort with deploying best tools and practices to support shared community development priorities.  Experience tracking and measuring impact and refining tools and approaches to build more equitable access to capital.

●      Program Strategy and Design: Grasps the subtleties of complex community issues and identifies patterns in challenges. Designs or co-designs effective, pragmatic, equitable, and sustainable programs to tackle common community challenges. Can take a concept from idea to implementation.

●      Organization and Management: Creates a system to track and communicate deliverables and program tasks. Proven track record in prioritizing competing demands. Unafraid to ask for help when needed.

●      Partner Building and Skillful Communication: Convenes partners, identifies alignment, and implements shared aims. Leverages relationships and resources to creatively solve community problems. Experience tailoring communication to meet the needs of audiences. 

●      Commitment to Advance Equity Outcomes: Recognizes ways that race and other identities intersect in this work, especially with the communities we serve. Is experienced designing programs and organizational strategies that operationalize equity.

●      Experienced People Manager: Has hired, onboarded and managed full-time staff before. Is committed to equitable, empathetic management.

●      Full-Throated Enthusiasm for the Main Street Mission.

Pluses (the nice-to-haves)

Extraordinary candidates for this position may have these nice-to-have characteristics, but they are not required: :

●      Economic Development, Community Finance, or Real Estate Specializations – Training or management experience with specialized skills for building healthy community capital and real estate ecosystems, such as construction management, community lending, or crowdfunding.

●      Facilitation and Group Learning Skills – Has experience and developed techniques to facilitate group learning and build communities or practice.

●      Public Speaking and Storytelling – Experience and comfort with public speaking.  Able to translate program deliverables and impact into stories that resonate with funders, partners, and the Main Street network.

Benefits

This is a full-time position funded under a two-year grant.  

The salary range for this position is $88,170-$90,964.

Main Street America is a dynamic, diverse, remote-first team. We hire empathetic managers, create a fulfilling work environment, and provide excellent benefits. We strive to balance achievement, connection and rest through key structures:  

• We all organize our work annually around our six long-term objectives of our strategic plan;  

• We meet in person twice a year at team retreats, and many staff attend our annual conference; and 

• We have more than 25 paid holidays (including the last week of December and the week surrounding the fourth of July), and have meeting-free weeks (“Rejuvenation Weeks”) the last week of August and first week of January for deep focus and planning.  

We keep a 35-hour work week, and most of our team works Monday through Friday during regular business hours. Some positions require additional hours and time outside regular business hours.  

Full-time, regular employees are entitled to:   

• Health Insurance: Our group benefit plans include medical, EAP, dental and vision, life, and disability plans.  

• Paid Sick Leave: Full-time employees accrue sick leave at a rate of 3.23 hours per pay period (maximum accrual at 420 hours). 

• Vacation Accrual: In addition to the more than 25 paid holidays mentioned above, full-time employees begin with two weeks vacation, and accrue vacation at a rate of 4.85 hours per pay period for the first 3 years. At years 3-10, the accrual rate increases to 6 hours, and employees with tenures of more than 10 years accrue at a rate of 6.92 hours per pay period (for a maximum accrual at 210 hours). 

• FMLA: We follow the DC Family and Medical Leave Act, which provides 16 weeks of unpaid leave in blocks or intermittently for family leave (the birth or adoption of a child, or caring for a sick relative) and 16 weeks of unpaid leave in blocks or intermittently for medical leave (recovering from a serious illness) in a 24 month period for any employee employed for at least a year. 

• 401(a) Defined Contribution Retirement Plan: At its discretion, Main Street America makes an employer contribution typically equal to 5% of earned compensation no later than April for the prior calendar year in which you worked at least 1,000 hours. Vesting begins at 20% after two years, and increases until it reaches 100% after five years. 

• 403(b) Individual Retirement Plan: Employee pre-tax contributions are permitted up to IRS limits. For 2024, those are $23,000, plus another $7,500 in catch-up contributions for employees age 50 years and over. 

• Professional Development: At its discretion, Main Street America provides $1,500 in professional development funds to each employee annually, as well as other team-wide professional development trainings.