Senior Manager, Loan Portfolio

Job Duties

Position Summary

The Senior Manager, Loan Portfolio works collaboratively with the Chief Financial Officer (CFO) and Senior Loan Fund Director to support the financial health and long-term sustainability of the loan fund. The Senior Manager, Loan Portfolio oversees the performance of the loan portfolio, ensuring compliance with organizational lending policies and capital investor requirements.

The Senior Manager works closely with the CFO to ensure the accuracy and integrity of the loan portfolio’s financial information, systems, and procedures.

Reports to: Senior Loan Fund Director

Classification: Full-time, Exempt

Essential Job Functions

Reasonable accommodation may be provided to accommodate individuals with disabilities to perform the essential functions. The following list is not designed to comprise a comprehensive list of activities, duties, or responsibilities that may be required for this job. Duties, responsibilities and activities may change at any time with or without notice.

Assess portfolio risk ratings and recommend restructurings, charge-offs, or legal action to the loan committee.

Manage the loan committee meeting logistics (in-person and virtual) and maintain loan committee meeting minutes.

Prepare and mail or email monthly billing statements to all clients.

Oversee loan fund operations, lending systems, data integrity, and timely resolution of operational issues.

Collaborate with the Senior Loan Fund Director on monthly and quarterly portfolio reviews, including credit risk ratings, impact metrics, forecasts, and budgets.

Partner with the CFO and Finance team to support the calculation of the allowance for credit losses under CECL, providing timely and accurate portfolio risk assessments, loan performance data, and recommendations regarding individual loan exposures.

Prepare and monitor required reports, including monthly lending activity, portfolio performance, and cash flow, and coordinate the Aeris review process.

Lead periodic reviews and updates of loan fund policies to ensure sound risk management and alignment with organizational mission.

Lead annual portfolio analysis, and facilitate discussions with the Lending team, Loan Committee and Board of Directors.

Monitor trends, emerging issues, and opportunities to improve systems, processes and portfolio performance.

Collaborate with the CFO to support sound annual financial audits, including the accuracy and completeness of loan portfolio information.

Manage the loan closing process, coordinating with lenders and other stakeholders to ensure timely, accurate, and successful closings.

Manage the maintenance of borrower records and financial reporting, partnering with lenders to ensure timely collection of required financial statements, annual audits, Form 990s, and other documentation, as well as ongoing monitoring of borrower financial trends.

Manage and coordinate and oversee loan-related third-party services, including title insurance, UCC filings, and legal searches, working closely with lenders to ensure timely completion, accurate documentation, and payment of related expenses.

Collaborate with colleagues to provide loan portfolio data and information needed to support organizational evaluation, outcome measurement, and impact reporting.

As needed and as portfolio management responsibilities allow, contribute to the development and delivery of client training and workshops within areas of expertise.

Minimum Education Required

Bachelor’s, advanced degree or 4+ years of relevant education and experience in finance, business administration, economics, accounting, nonprofit management, lending, CDFI, or a related field.

Minimum Experience Required

Commitment to the Propel's mission, vision, and values, and to applying diversity, equity, inclusion, and accessibility to work processes, community engagement, and deliverables.

Four or more years of progressively responsible experience in lending, loan portfolio management, or credit risk within a community development financial institution (CDFI), financial institution, or public agency lending program, including demonstrated experience managing complex processes, assessing portfolio performance, and collaborating across teams.

Demonstrated knowledge of legal, regulatory, and financial requirements related to lending and loan portfolio management, with strong financial analysis, risk assessment, and analytical skills.

Strong analytical and problem-solving skills, with the ability to think strategically, exercise independent judgment, manage competing priorities, and translate analysis into actionable recommendations.

Demonstrate the ability to communicate effectively, collaborate across teams, and build strong working relationships with internal and external stakeholders from diverse backgrounds and lived experiences.

Demonstrated experience monitoring loan portfolio performance, identifying emerging credit risks, and recommending appropriate strategies to mitigate risk and maintain portfolio quality.

Commitment to and experience working with nonprofit organizations as a staff member, board member, or advisor.

Aptitude for technology, including financial management and lending systems, and familiarity with Microsoft Office.

Shift

First (Day)

Number of Openings

1

Compensation

$85,000.00 - $90,000.00 / Annually

Postal Code

55414

Job Type

Full Time

Place of Work

Hybrid

Requisition ID

105698

Job Benefits

Excellent benefits package includes medical, dental, life, and disability insurance along with generous and paid time of policies.

Application Email

[email protected]