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Great NYC position for a May MBA Graduate

 
 

Position Title: Director of Portfolio Management                   Location:  New York, NY

 

Position Summary:

The Director of Portfolio Management is responsible for all aspects of NFF’s diverse loan portfolio throughout the nation.  As an important member of a close-working team of local and national professionals, the Director of Portfolio Management oversees and monitors the management of NFF’s loan portfolio.  Responsibilities include the management of a team of professionals responsible for the analysis, negotiation, review, assessment and administration of a portfolio of performing loan relationships.  The Director of Portfolio Management is directly responsible for the work-out of troubled and non-performing loan relationships, including collection efforts through restructuring and litigation.

 

Priority Duties and Responsibilities:

  • Loan Workout – Responsible for the direct management of troubled and non-performing loans including the development and recommendation of workout strategies and action plans, negotiation of restructures and settlements, engagement of counsel and consultants, and coordination of litigation. Works closely with the Chief Credit Officer in the development and execution of workout strategies and action plans.
  • Portfolio Management – Responsible for the supervision of the ongoing asset management of the performing loan portfolio. Oversees all structuring, negotiation and processing of loan extensions and modifications, and loan monitoring performed by a team of Portfolio Managers.  Monitors portfolio, ensuring timely evaluation of client financial condition, organization trends, collateral coverage and client’s repayment ability. Ensures delinquencies are managed to an acceptable level, and risk ratings and lines of credit extensions are evaluated timely and in accordance with Credit Policy. Participates in the analysis of portfolio quality and loan loss reserves.
  • Loan Administration – Responsible for the supervision of the loan administration function, including delinquency management, disbursements and billing, insurance and collateral monitoring and compliance, monitoring or reporting requirements including financial statement collection, and borrowing base compliance in addition to general file maintenance.
  • Communication and Reporting – Communicate to Financial Services and other staff on the quality of the portfolio and portfolio trends.  Oversee the preparation of portfolio reports for external and internal purposes.  
  • Technical Assistance – Monitor and proactively work with loan portfolio clients to evaluate their overall financial health and improve performance. Identify appropriate financial solutions which meet client needs and protect NFF’s capital. 
  • Risk Management – Contribute to the development and refinement of NFF’s procedures and policies to enhance efficiency and minimize credit and operational risk. 
  • Staff Management – Responsible for the management of a team of professionals, including Portfolio and Asset Managers, Loan Administrator and Closing Specialist.
  • Internal and External Relations – Maintain a culture of quality customer service at all points of contact with NFF clients, Financial Services team, the outsourced loan servicer and other staff and professionals.  As needed, cultivate relationships with CDFIs, banks and other local financial intermediaries who are lending partners, and represent NFF in public forums.
  • Other Duties as Assigned

Essential Requirements for Education and/or Experience:

  • At least five years, and preferably 7-10 years, of direct lending,  portfolio management and  workout and restructuring experience, ideally in a commercial bank or CDFI
  • Bachelor’s degree or equivalent experience required; Master’s preferred in business, finance, public administration, or related field
  • Management experience

Specialized Knowledge/Beneficial Skills and Experience:

  • Excellent interpersonal skills
  • Financial analysis skills, with outstanding attention to detail and familiarity with nonprofit accounting.
  • Knowledge of nonprofit funding streams, including government and philanthropic
  • Strong negotiation skills
  • Demonstrated commitment to the nonprofit community
  • Exceptional written and oral communications and interpersonal skills
  • Strong time-management, multi-tasking and organizational abilities
  • Results oriented
  • Self-starter with the ability to work independently as well as collaborate with a close-knit group
  • Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor
  • Ability to take initiative and focus on results 
  • An openness to learning new skills and systems, with an entrepreneurial work ethic
  • Proficiency with Microsoft Office applications including Word, Excel and PowerPoint

 

 

Andrea Kelly

Senior Human resources associate

 

Nonprofit Finance Fund

70 West 36th Street, 11th Floor

New York, NY 10018

Phone: 212.457.4707

Fax: 212.947.9872

 

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