TITLE: Portfolio Manager
Washington Area Community Investment Fund (Wacif) seeks to fill a full-time Portfolio Manager position, who will oversee and manage Wacif's small business loan portfolio. The Portfolio Manager will manage the servicing, compliance, and reporting functions for Wacif's growing lending portfolio, including all payments and accounting of loans; track submission of financials; ensure that insurance, collateral and UCC filings are current; identify and restructure, and collect and/or rehabilitate non-performing loans. The Portfolio Manager will assess portfolio risk and the determination of allowance for loan losses (ALL). This role will collaborate closely with a variety of stakeholders: Wacif team members, external clients and borrowers, attorneys, title and insurance agents, appraisers, third party vendors, and other partners. The Portfolio Manager will provide knowledgeable, thorough, courteous, and efficient customer service to both internal and external customers with minimal level of direction, guidance, and oversight.
The Portfolio Manager is responsible for ensuring the portfolio management team is acting in accordance with servicing compliance, policies and procedures, and provides training and professional mentorship across teams, identifying operational deficiencies, and working in concert with leadership to develop and implement process enhancements to ensure efficacy. The ideal applicant knows how to work in a fast-paced, growth-oriented and collaborative environment, has strong financial analysis skills, and excellent oral, written, and interpersonal communication skills. Versatility and flexibility across a wide spectrum of business tasks are key. A successful candidate is an individual who wants to make a difference in this critical new landscape, help improve Wacif's impact day-to-day working with clients, and maximize the growth and impact of our organization in the long-term.
REPORTS TO: Director of Lending Operations
DUTIES & RESPONSIBILITES
ABOUT WASHINGTON AREA COMMUNITY INVESTMENT FUND (Wacif)Washington Area Community Investment Fund (Wacif) advances equity and opportunity in the Washington, D.C. area's underserved communities by providing financial capital, business advisory services, and strategic networking support to underinvested entrepreneurs. Since its inception in 1987, Wacif has deployed more than $50 million in capital, served more than 3,500 entrepreneurs with business advisory services, and helped create or retain more than 20,000 local jobs. To learn more about Wacif's work, visit www.wacif.org.
Competitive salary commensurate with experience. Medical, Dental, Vision, Life & Disability coverages available.401(k) retirement plan (employer matching contribution eligible); paid time off (increased with tenure), paid holidays and sick leave days, transportation benefits, and education assistance benefits (professional development, tuition reimbursement, and student loan repayment).
Interested candidates should email a resume/CV, thoughtful cover letter that outlines how your skills and experience meet the qualifications of the position, and salary requirements to firstname.lastname@example.org with "Portfolio Manager" in the subject line.
Wacif is an equal opportunity employer and welcomes candidates from diverse backgrounds.Wacif provides a flexible and hybrid working environment with the opportunity to work remotely.We thank all those who apply, but only shortlisted candidates will be contacted.No calls please. Telephone inquiries will not be accepted.
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