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HIRING - Loan Portfolio Manager

  • 1.  HIRING - Loan Portfolio Manager

    Posted 04-19-2018 10:45

    What We Do:

    Nonprofit Finance Fund (NFF) works toward a more just and vibrant society through:

    Financing that invests in missions. Our customized financing strengthens hardworking nonprofits and social enterprises.

    Consulting that empowers leaders. Our experts equip you to make financial decisions that best serve your mission.

    Partnering on big problems. Service providers, funders, and investors turn to us for new ways to collaboratively support stronger, fairer communities.

    Learning that helps illuminate paths to solving complex social issues. Sharing experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis – makes it easier.

     

    NFF advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing that empower leaders, organizations, and ideas. A leading Community Development Financial Institution (CDFI), NFF currently manages over $310 million. Since 1980, we have provided almost $700 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide.

     

    Position Summary: 
    The Financial Services team is seeking to hire a Portfolio Manager. The Portfolio Manager is a member of a close-working team of professionals dedicated to sourcing, underwriting, closing and managing a portfolio of loans to nonprofit organizations, primarily in the health, education, and human services sectors. The Portfolio Manager will be responsible for managing borrower relationships, and analyzing and monitoring the performance of loans and borrowers, primarily in the State of California. The Portfolio Manager shall manage borrower relationships, conduct financial analysis, and complete the underwriting and restructuring of loans, as well as provide technical assistance in order to support the success of borrowers and the health of the loan portfolio. The role requires creative structuring and resourceful relationship and partnership development to succeed in maintaining the quality of the portfolio.

    This position will be based in either NFF's Los Angeles, CA or Oakland, CA office. This position will report to the Director, Portfolio Management. 
     

    Primary Duties and Responsibilities:

    • Portfolio Management – Part of a team responsible for overseeing and managing NFF's loan portfolio. Loans range from working capital lines of credit to construction loan financing for major capital projects. After loan approval and closing:
      • review draw requests and back-up documentation for compliance with applicable loan requirements, including construction draw documentation and reports;
      • monitor loan covenant compliance, and ensure timely evaluation of client financial condition, organizational trends, collateral coverage and repayment ability;
      • enter and ensure accuracy of loan and client data into Salesforce;
      • monitor and resolve any loan billing or collection issues;
      • develop subject matter expertise in the health, human services and education sectors in order to evaluate clients' operating performance, as well as risks and opportunities;
      • conduct risk rating reviews in order to obtain an accurate assessment of repayment risks;
      • undertake increased scrutiny and monitoring of higher-risk loans, and manage delinquencies;
      • complete evaluations of loans and lines of credit amendments, renewals and restructurings, and present recommendations to NFF's credit committees on a timely basis, and with guidance and oversight from the Director of Portfolio Management and Chief Credit Officer, execute collection strategies and action plans, assist in negotiations, and restructure loans when necessary.
    • Underwriting – Complete underwriting of lines of credit where renewal options have been exhausted, underwrite new loans to portfolio clients on an as-needed basis, and present recommendations to NFF's credit committees.
    • Communication and Reporting – Communicate and meet with portfolio clients. Communicate and coordinate with Financial Services team members on new business opportunities, and share sector and market information and knowledge. Assist with the collection and analysis of loan portfolio data and preparation of reports.
    • Relationship Management and Technical Assistance – Monitor and proactively work with clients to evaluate their overall financial health, improve their operating performance, and meet their financing and facilities needs. With support from the Director of Portfolio Management, develop appropriate financial solutions which meet client needs and protect NFF's capital.
    • Internal and External Relations – Maintain a culture of quality customer service at all points of contact with clients, colleagues, board and committee members, and other partners.
    • Other Duties – Supports and contributes to a diverse range of Financial Service projects and initiatives. 
       

    Essential Requirements for Education and/or Experience:

    • Bachelor's degree or equivalent experience required.
    • At least three (3) years of direct lending or portfolio management experience, ideally at a community development financial institution, a commercial bank or other financial institution.
    • Strong financial analysis skills, with attention to detail and familiarity with nonprofit accounting.
    • Excellent written and oral communications and interpersonal skills.
    • Strong time-management, multi-tasking and organizational abilities.
    • Self-starter with the ability to work with limited supervision as well as collaborate with a close-knit group.
    • Ability to take initiative and focus on results.
    • Proficiency with Microsoft Office applications, including Word, Excel and PowerPoint; experience with Salesforce preferred.
    • Interest and ability to travel to meet with portfolio clients.

     

    Specialized Knowledge/Beneficial Skills and Experience:

    • Experience with real estate and construction financing.
    • An openness to learning new skills and systems, with an entrepreneurial work ethic.
    • Demonstrated commitment to the nonprofit community.
    • Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor. 
       

    How to Apply:

    Click on link to apply: Loan Portfolio Manager - Nonprofit Finance Fund - Job Board
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    Shelene Johnson
    Recruitment Associate
    Nonprofit Finance Fund
    New York NY
    (212) 457-4700
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