NF
Manager, Portfolio Management
full-time•$99k - $110k
About this role
<p><strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Position Reports to: </span></span></strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Senior Director, Portfolio Management</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW232244595 BCX0"><span class="SCXW232244595 BCX0"> </span><br class="SCXW232244595 BCX0"></span><strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Suite: </span></span></strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Credit Risk and Loan Administration </span></span><span class="LineBreakBlob BlobObject DragDrop SCXW232244595 BCX0"><span class="SCXW232244595 BCX0"> </span><br class="SCXW232244595 BCX0"></span><strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Department:</span><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1"> </span></span></strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Portfolio Management</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW232244595 BCX0"><span class="SCXW232244595 BCX0"> </span><br class="SCXW232244595 BCX0"></span><strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Location:</span><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1"> </span></span></strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Fully US-based remote; </span><span class="NormalTextRun CommentStart SCXW232244595 BCX0" data-ccp-parastyle="heading 1">must </span><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">reside</span><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1"> within commutable distance to an NFF office (Boston, Los Angeles, New York, Oakland, Philadelphia).</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW232244595 BCX0"><span class="SCXW232244595 BCX0"> </span><br class="SCXW232244595 BCX0"></span><strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1">Salary Range:</span><span class="NormalTextRun SCXW232244595 BCX0" data-ccp-parastyle="heading 1"> </span></span></strong><span class="TextRun SCXW232244595 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun CommentStart SCXW232244595 BCX0" data-ccp-parastyle="heading 1">$99,500 - $110,600</span></span><span class="EOP SCXW232244595 BCX0" data-ccp-props="{"134245418":true,"134245529":true,"201341983":0,"335551550":6,"335551620":6,"335559737":180,"335559739":120,"335559740":276}"> </span></p>
<p> </p>
<h3><strong><span data-contrast="none"><span data-ccp-parastyle="heading 1">About Nonprofit Finance Fund</span><span data-ccp-parastyle="heading 1"> </span></span></strong><span data-ccp-props="{"134245418":true,"134245529":true,"201341983":0,"335551550":6,"335551620":6,"335559737":-432,"335559739":120,"335559740":276}"> </span></h3>
<p><span data-contrast="auto">Nonprofit Finance Fund</span><span data-contrast="auto"><span data-fontsize="11">®</span></span><span data-contrast="auto"> (NFF</span><span data-contrast="auto"><span data-fontsize="11">®</span></span><span data-contrast="auto">) is a nonprofit lender, consultant, and advocate. For more than 40 years, we’ve helped organizations access the money and resources they need to realize their communities’ aspirations. Alongside others, we’re working to build community wealth and well-being and put affordable housing, essential services, quality jobs, and excellent education within reach of more people. At NFF, we envision a world of shared prosperity, where communities have the capital, community assets, knowledge, and agency to thrive. Learn more about our work to achieve our vision through our </span><a href="https://nff.org/our-mission/theory-of-change/"><span data-contrast="none"><span data-ccp-charstyle="Hyperlink">Theory of Change</span></span></a><span data-contrast="auto"> and </span><a href="https://nff.org/page/our-values"><span data-contrast="none"><span data-ccp-charstyle="Hyperlink">Values</span></span></a><span data-contrast="auto">. </span><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335551550":6,"335551620":6,"335559738":0,"335559739":0,"335559740":276}"> </span></p>
<h3><strong><span data-contrast="none"><span data-ccp-parastyle="heading 1">About This Role</span></span></strong><span data-ccp-props="{"134245418":true,"134245529":true,"201341983":0,"335551550":6,"335551620":6,"335559737":-432,"335559739":120,"335559740":276}"> </span></h3>
<p><span data-contrast="auto">Nonprofit Finance Fund is looking for talented and mission-driven Manager, Portfolio Management who specializes in commercial loans to support our Portfolio Management team in the post-closing relationship management of NFF’s borrowers. The Portfolio Management team serves as the client point of contact once the loan has closed, and is responsible for payment performance, compliance monitoring, annual review, financial analysis, and risk mitigation. Portfolio Managers manage a broad array of loans and enable NFF to identify and resolve performance-related concerns. The Portfolio Management team also measures and presents lending business insights, credit risk, and performance metrics. This role offers a unique opportunity to work hands-on with our borrowers and leverage analytical skills to drive meaningful and lasting change in the communities we serve.</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></p>
<p><span data-contrast="auto">NFF is a remote-first organization with offices in Boston, New York, Philadelphia, Oakland, and Los Angeles. This is a US-based remote role, with a strong preference for candidates within commutable distance to one of NFF’s offices. NFF has core business hours where we expect all staff to be available from 9:00 am to 5:00 pm local time, and occasional travel (20%) is required.</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></p>
<h3><strong><span data-contrast="none"><span data-ccp-parastyle="heading 1">What You W</span><span data-ccp-parastyle="heading 1">ill Do</span></span></strong><span data-ccp-props="{"134245418":true,"134245529":true,"201341983":0,"335551550":6,"335551620":6,"335559737":-432,"335559739":120,"335559740":276}"> </span></h3>
<p><span data-contrast="auto">Essential responsibilities for this role include, but are not limited to:</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></p>
<p><strong><span data-contrast="auto">Portfolio Monitoring & Risk Management (35%)</span></strong><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559685":0,"335559738":0,"335559739":0,"335559740":276}"> </span></p>
<ul>
<li><span data-contrast="auto">Oversee the performance of assigned loan portfolios and asset classes</span></li>
<li><span data-contrast="auto">Analyze portfolio trends and identify emerging risks by evaluating payment performance, borrower financial ratios, pricing, economic conditions, and other relevant indicators</span></li>
<li><span data-contrast="auto">Prepare quarterly loan impairment analyses for troubled loans within the assigned portfolio</span></li>
<li><span data-contrast="auto">Produce annual portfolio reviews that surface trends, assess risk, and keep internal stakeholders informed of performance and concerns</span></li>
<li><span data-contrast="auto">Deliver consistent, accurate financial and risk analyses during key loan events, including annual reviews, modifications, extensions, and defaults</span></li>
</ul>
<p><strong><span data-contrast="auto">Relationship Management & Customer Service (35%)</span></strong><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":240,"335559739":240,"335559740":276}"> </span></p>
<ul>
<li><span data-contrast="auto">Deliver high-quality, responsive customer service across all borrower interactions, including answering questions and advising on loan transactions</span><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":240,"335559739":240,"335559740":276}"> </span></li>
<li><span data-contrast="auto">Serve as the primary post-closing relationship manager for NFF borrowers</span></li>
<li><span data-contrast="auto">Proactively follow up with borrowers regarding covenant compliance, performance concerns, or other post-closing issues</span></li>
</ul>
<p><strong><span data-contrast="auto">Compliance, Documentation & Workout Management (20%)</span></strong><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335551550":1,"335551620":1,"335559685":0,"335559737":0,"335559738":240,"335559739":240,"335559740":240}"> </span></p>
<ul>
<li><span data-contrast="auto">Manage loan covenant compliance, including financial statement collection, periodic compliance testing, and borrower follow-up related to covenant violations</span></li>
<li><span data-contrast="auto">Prepare loan documentation to implement approved changes or coordinate with legal counsel to ensure timely and accurate execution</span></li>
<li><span data-contrast="auto">Analyze loan issues and propose solutions, clearly articulating risks and tradeoffs in formal credit memoranda</span></li>
<li><span data-contrast="auto">Develop and support loan workout plans under the direction of the Senior Director and Chief Credit Officer, ensuring adherence to approved strategies</span></li>
</ul>
<p><strong><span data-contrast="auto">Meetings and Other Duties As Assigned (10%)</span></strong><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":276}"> </span></p>
<ul>
<li><span data-contrast="auto">Attend internal and external meetings as needed</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":276}"> </span></li>
<li><span data-contrast="auto">As work and community/client needs change assignments, projects, and job duties will be assigned and may change</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":276}"> </span></li>
</ul>
<h3><strong><span data-contrast="none"><span data-ccp-parastyle="heading 1">Who You Are and Minimum Qualifications</span></span></strong><span data-ccp-props="{"134245418":true,"134245529":true,"201341983":0,"335559739":120,"335559740":240}"> </span></h3>
<ul>
<li><span data-contrast="none">Minimum of five (5) years of professional Portfolio and/or Asset Management experience with financial analysis expertise in Financial Services, Commercial Real Estate, or other related fields</span></li>
<li><span data-contrast="none">Formal Commercial Credit training from a recognized bank or institution</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></li>
<li><span data-contrast="none">A Bachelor’s degree in Accounting, Finance, Economics or a closely related field, or an equivalent combination of education and relevant experience within commercial banking and/or lending</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></li>
<li><span data-contrast="auto">Proficient in creating and communicating credit, investment, or real estate analysis – formal writing and oral presentation to various stakeholders</span><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":240,"335559739":240,"335559740":240}"> </span></li>
<li><span data-contrast="auto">Proficient in effectively synthesizing information, organizing logical arguments, and summarizing key points</span></li>
<li><span data-contrast="auto">Advanced knowledge of Excel with the ability to perform financial analysis and modeling</span><span data-ccp-props="{"134233117":false,"134233118":false,"201341983":0,"335559738":240,"335559739":240,"335559740":240}"> </span></li>
<li><span data-contrast="auto">Proficient experience in analyzing complex financial statements and tax returns</span></li>
<li><span data-contrast="auto">Proficient in interpreting legal documents such as leases, mortgage notes, contracts, etc.</span></li>
<li><span data-contrast="auto">Proficient in reviewing construction budgets, project plans, appraisals, inspection reports and other real estate documents</span></li>
<li><span data-contrast="auto">Strong ability to draw conclusions from financial and market data to make sound recommendations regarding ongoing loan management</span></li>
<li><span data-contrast="auto">Comfortable interfacing data between various computer applications/systems including Salesforce and Microsoft Office Applications</span></li>
<li><span data-contrast="none">All other equivalent combinations of work experience and training/education will also be considered</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></li>
</ul>
<h3><strong><span data-contrast="none"><span data-ccp-parastyle="heading 1">The Strongest Candidates Will Have/Be</span></span></strong><span data-ccp-props="{"134245418":true,"134245529":true,"201341983":0,"335551550":6,"335551620":6,"335559737":-432,"335559739":120,"335559740":276}"> </span></h3>
<ul>
<li><span data-contrast="none">Commitment to NFF’s values and mission</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></li>
<li><span data-contrast="none">Experience working with communities with historical disinvestment</span></li>
<li><span data-contrast="none">Experience with affordable housing subsidy programs, historic tax credit programs and other economic development tools</span></li>
<li><span data-contrast="none">Learning orientation and commitment to continuous improvement, learning, and advancing equity in lending practices</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></li>
<li><span data-contrast="none">Ability to work proactively, independently, and effectively in a remote environment and build strong relationships with colleagues and partners across geographies and time zones</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></li>
<li><span data-contrast="none">Willingness to collaborate with a dynamic and mission-driven team</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></li>
<li><span data-contrast="none">Strong time management and organizational skills with the ability to effectively manage multiple priorities and deadlines in a fast-paced environment</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></li>
</ul>
<h3><strong><span data-contrast="none"><span data-ccp-parastyle="heading 1">Benefits and Compensation</span></span></strong><span data-ccp-props="{"134245418":true,"134245529":true,"201341983":0,"335551550":6,"335551620":6,"335559737":-432,"335559739":120,"335559740":276}"> </span></h3>
<p><span data-contrast="auto">NFF offers a generous benefits package that currently includes up to twenty (20) paid holidays/business closure days, three (3) floating holidays, unlimited flexible time off, group medical insurance with a funded health reimbursement account, dental and vision plans, life insurance and disability plans, a retirement plan with both a non-elective employer contribution (4%) and additional match contribution (2%), a “work from home” fund, and flexible spending accounts to cover health, dependent care, and commuter costs.</span><span data-ccp-props="{"201341983":0,"335551550":6,"335551620":6,"335559739":0,"335559740":276}"> </span></p>
<p><span data-contrast="auto">This is an exempt, full-time role with an annual salary range of </span><span data-contrast="auto">$99,500 - $110,600</span><span data-contrast="auto">. A compensation offer is based on a candidate’s background and years of relevant experience, with consideration for internal equity. Because of our strong commitment to equity and growth, we do not negotiate compensation offers.</span></p>
What you'll do
- The Manager, Portfolio Management will oversee the performance of assigned loan portfolios, analyze trends, and manage borrower relationships post-closing. Responsibilities also include compliance monitoring, financial analysis, and risk mitigation.
About Nonprofit Finance Fund
#Financing for nonprofits ➡️ https://nff.org/financing
#Consulting for nonprofits ➡️ https://nff.org/consulting
#Partnerships with funders and networks ➡️ https://nff.org/partner
A nonprofit lender and consultant with 40+ years of national and hyperlocal experience, Nonprofit Finance Fund helps mission-driven organizations adapt, thrive, and drive positive change.
Read stories of impact from across the nonprofit community 📖 https://nff.org/learn/stories
Webinars and other resources for nonprofits and funders 📝 https://nff.org/learn#learn-fundamentals
Grow your career with NFF 💼 https://nff.org/careers
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Frequently Asked Questions
What does Nonprofit Finance Fund pay for a Manager, Portfolio Management?
Nonprofit Finance Fund offers a competitive compensation package for the Manager, Portfolio Management role. The salary range is USD 100k - 111k per year. Apply through Clera to learn more about the full compensation details.
What does a Manager, Portfolio Management do at Nonprofit Finance Fund?
As a Manager, Portfolio Management at Nonprofit Finance Fund, you will: the Manager, Portfolio Management will oversee the performance of assigned loan portfolios, analyze trends, and manage borrower relationships post-closing. Responsibilities also include compliance monitoring, financial analysis, and risk mitigation..
How do I apply for the Manager, Portfolio Management position at Nonprofit Finance Fund?
You can apply for the Manager, Portfolio Management position at Nonprofit Finance Funddirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.