Non-exempt
Position Purpose:
The Portfolio Officer assists small business owners to achieve their financial goals of successful business ownership and growth through loan servicing and post-loan technical assistance.
Essential Functions:
PORTFOLIO MANAGEMENT: Manages a portfolio of active borrowers through database information input and maintenance. Manages collateral retention and individual borrower risk ratings. Meets with and visits clients on a regular basis.
LOAN CLOSING: Manages the Operational Closing Process for New Loans, Paid in Full Loans, Modified Loans, and Charged Off Loans. Ensures records are complete and organized.
PORTFOLIO COMPLIANCE: Submits monthly and quarterly reports related to our active portfolio. Manages all aspects of the external collateral credit reserve program. Supports the department through maintenance of electronic and paper borrower files. Assists with qualitative and quantitative analysis of loan portfolio.
TECHNICAL ASSISTANCE: Provides initial one-on-one technical assistance (TA) to borrowers, within assigned portfolio, depending on each business's unique needs, and refers borrowers to business consulting team for in-depth technical assistance.
Qualifications and Essential Skills:
· B.A. or B.S. degree is required; preference for a degree in Finance, Economics, Accounting, Business Management. Master's degree is strongly preferred.
· Two to five years' experience (domestic or international) in loan settlement, micro-lending, small business lending, commercial portfolio management, impact investing, finance, and/or business consulting.
· Experience in speaking to a variety of audiences and stakeholder groups.
· Ability to communicate, gain trust, and work with low-income individuals of wide-ranging cultures.
· Ability to speak more than one language is highly preferred.
· Ability to work effectively in a team and operate independently as tasks require.
· Proficiency with MS Office Suite (Word, Excel and PowerPoint). Intermediate Excel skills with the ability to understand and write basic formulas, develop charts and graphs for presentations, and summarize large datasets.
· Experience with loan management systems and databases, credit information systems, and public record research preferred. Air Table, DownHome Solutions, Equifax, and public record systems preferred.
· Proactive, professional, and hardworking, with strong organizational and analytical skills.
· Flexible with an interest to learn and develop professional skills.
· Excellent interpersonal and problem-solving skills.
· Interest in impact investing or socially-minded businesses is desired, experience is preferred.
Salary & Benefits:
· Hiring range $59,000 - $68,000 annual salary
· Annual performance-based bonus
· Competitive health, dental, and vision benefits, a Flexible Spending Account, 403(b) retirement plan with employer match, and generous paid time off and holiday policies.
· A flexible schedule with a mix of in-office and remote work permitted after an initial eight-week training period.
How to Apply:
Candidates should submit their resume and a cover letter that addresses the responsibilities and qualifications listed above to HR@CEDSFinance.org with the text "Portfolio Officer" in the subject line.
For the complete job description, visit cedsfinance.org/careers
About CEDS Finance:
CEDS Finance is a non-profit micro-lender whose mission is to support the American Dream of financial self-sufficiency, by assisting refugees, immigrants, and those from underserved communities in Metro Denver, through small business support.
CEDS Finance provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, creed, color, national origin, sex, sexual orientation, gender identity and expression, marital status, religion, ancestry, mental or physical handicap, or age. In addition to federal law requirements, CEDS complies with applicable state and local laws governing nondiscrimination in employment. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.