Asset Building Specialist
Under the supervision of the Financial Capability Coordinator, the Asset Building Specialist will work together with the larger Economic Wellbeing Team through an integrated to approach to help refugees to thrive financially in the U.S. This person will be responsible for recruiting and working with refugee clients to build net worth through the provision of Individual Development Accounts (IDA) and home down payment assistance. The Asset Building Specialist will help refugees and new Americans acquire assets through coordinating asset-specific training and technical support, establishing savings accounts, reaching savings goals, and purchasing assets.
- Become a Housing and Urban Development (HUD) certified housing counselor and Certified Financial Coach.
- Coordinate with the IRC SLC Economic Empowerment Team on internal and external outreach to recruit suitable, eligible participants.
- Exercise a high level of organizational skill and tracking ability to document in detail eligibility for each program, enrollment, and disbursement information for program participants.
- Coordinate proper disbursement of match savings and down payment assistance for asset purchase and provide technical assistance around the purchase.
- Ensure that all training requirements are met for participants in budgeting, cash management, savings, investment and credit building.
- Assist IDA participants in understanding the Savings Plan Agreement and in establishing their account at the qualified financial institution.
- Track IDA deposits and work closely with the Program and Finance Managers to ensure IDA match and disbursement requirements are met.
- Ensure that participants complete required asset-specific training through referral and follow up, as well as direct technical assistance.
- Work with savings participants to ensure retention and regular deposits to maximize the reaching of savings goals.
- Other duties as assigned.
- Knowledge and experience with financial topics, including budgeting, cash management, savings, investment, banking, and credit building.
- Attention to detail and ability to organize and track large amounts of information efficiently/accurately is essential.
- Prior experience in IDA management or HUD housing assistance highly desirable.
- Familiarity with or association with refugee communities in Salt Lake City highly desirable.
- Commitment to teamwork and collaboration across all of IRC’s economic empowerment programs.
- Excellent written and verbal communication skills.
- Strong computer skills, particularly Word and Excel.
- Ability to work independently, be a self-starter and maintain responsibility for multiple tasks.
- Undergraduate degree in a related field; financial experience in lieu of formal business education is acceptable.
- Flexibility, dependability, and creativity are desired.