Portfolio Manager

Asset Management
•    Perform annual reviews on each loan in the portfolio and make risk rating recommendations
•    Maintain data systems related to required monitoring information for loans, borrowers, payment status, and risk analysis
•    Interface with lead lenders or loan participants as appropriate
•    Review and respond to loan modification and extension requests, complete necessary analysis and documentation prior to the maturity date
•    Oversee and compile all disbursement requests, including construction draws and revolving lines of credit, obtaining and independently reviewing all required documentation
•    Collect and analyze quarterly financial reports and project status updates from borrowers, proactively identifying early warning signs of trouble

Portfolio Analysis
•    Identify any problem loans, assess risk rating and identify loans for enhanced monitoring and/or watch list inclusion
•    Advise management well in advance of any potential covenant violation issues in the portfolio
•    Provide historical lending and impact data for internal and external partners
•    Review and recommend procedures to monitor and maintain collateral of secured loans, including insurance and property tax compliance, appraisal and reserve requirements, etc.
•    Design forms, procedures, processes, and reports to enhance and/or automate NC’s Portfolio Management function, especially as it relates to data reporting

Loan Monitoring
•    Review Loan Closing Summary and establish relationship with borrowers
•    At loan handoff meeting post-closing, review Status Report template provided by Loan Officers for clarity and conformity to commitment letter and loan documents
•    Input new project loan information into Nortridge Loan System (NLS) prior to month-end 
•    Oversee completion of loan files including receipt of copies of recorded documents and final title policy 
•    Monitor compliance with credit policies covering risk management and participate in quarterly monitoring and loan loss reserve meetings
•    Monitor payment of real estate taxes, insurance and other escrows
•    Monitor collection information and pursue collection efforts when necessary 

Other duties as assigned

General
•    Work cooperatively and constructively with a wide variety of people
•    Share responsibility for relationship management with Loan Officers to create loyalty and repeat business
•    Build relationships with borrowers post-closing and encourage them to work in partnership with NeighborWorks Capital
•    Meet deadlines while managing a portfolio of loans
•    Resolve conflicts through negotiation, effectively balancing borrower needs with risk mitigation for NeighborWorks Capital
•    Work effectively in a team environment and actively participate in joint problem solving; willingly cooperate with co-workers
•    Maintain flexibility and adaptability to change
•    Listen attentively to others, asking clarifying questions to gain a better understanding of the other person’s views 
•    Positively recognize the accomplishments of co-workers
•    Come to meetings prepared, honor work commitments, and follow up as needed
•    Honor the private and confidential matters of customers and co-workers
•    Communicate courteously and effectively with others – deal with issues directly, in a respectful and timely manner, focus on resolving the issue while not criticizing the person

Qualifications

•    Undergraduate degree in business, finance, economics or accounting, advanced degree in relevant field (finance, planning, etc.) is a plus
•    At least 3 years of demonstrated relevant portfolio management experience, preferably in multi-family housing and/or commercial real estate at a CDFI or bank, or 5 years in a related field
•    Proficiency in analyzing complex financial statements of for-profit and nonprofit organizations and their real estate operations
•    Ability to create amortization schedules and cash flow spreadsheets when needed
•    Familiarity with business law concepts including contracts, mortgages, appraisals, loan collateral, uniform commercial code, creditors' rights and forms of business organization and sufficient knowledge to review and negotiate loan documents.
•    Knowledge of federal and state real estate development subsidy programs that serve urban and rural areas
•    Commitment to community development, low income communities and strong work ethic
•    Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization
•    Self-starter, ability to work independently and as well as collaboratively in a small team
•    Experience in public speaking is a plus
•    Detail oriented, with capacity to prioritize multiple tasks to meet deadlines
•    Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective manner
•    Proficient in Microsoft Office software programs, use of e-mail and internet, and willingness to expand skill base
•    Familiarity with Nortridge and/or Salesforce is a plus; willingness to learn new systems and contribute to an environment of on-going process and systems improvement
•    Moderate travel within U.S. required (15%-25%)
•    Fluent in English
•    Possess valid U.S. driver’s license
 

Please submit a letter of interest, resume, and salary requirements to: 

Beth O'Leary, Chief Portfolio Officer

email: boleary@neighborworkscapital.org