Position Reports to: Director, Portfolio Management
Location: Preference is for the position to be in self-funded commutable distance to one of NFF's office locations in New York or Philadelphia. Locations in commutable distance to Los Angeles will be considered.
Department: Financing
For over 40 years, Nonprofit Finance Fund has provided these nonprofits and their leaders with capital, consulting, and thought leadership. As a community development finance institution (CDFI), we work with nonprofits, partners, and systems to build racial equity and community wealth and well-being. Our vision is a world of equitable prosperity, where communities of color and other systematically excluded communities have the capital, community assets, knowledge, and agency to thrive. You can learn more about our work to achieve that vision by reading our Strategic Plan for 2024-2026 and our commitment to racial equity.
None of this work would be possible without the incredible people who work here. Our team consists of a diverse group of passionate professionals who care deeply about racial equity and community wealth and well-being. You can read more about what it's like to work here - and read a few examples of "a day in the life" for NFF staff" - on the careers page of our website.
Thank you for your interest in NFF. We hope you'll join us.
About the Opportunity:
NFF's Financing team provides loans to nonprofit organizations for their real estate and working capital needs with a commitment to ensuring Black, Indigenous, and communities of color and their leaders have access to and control of the funds they need to meet their goals. Currently, NFF manages around $400 million of financing assets, primarily loans to nonprofit organizations in the education, healthcare, human service, and housing sectors.
We are seeking a Manager, Portfolio Management to join our portfolio management team. The Manager, Portfolio Management is part of the Financing team providing capital and ensuring that NFF is deploying needed capital in ways that reflect our community-centered approach in a timely and expeditious manner. The Manager, Portfolio Management will manage client relationships for a portfolio of loans and will collect and review financial reporting and compliance, conduct risk management, perform financial and organizational assessments, follow industry trends and risks, and respond to client needs such as requests for modifications or extensions.
This role will be critical in assessing our lending portfolio's financial health while empowering and supporting the lending and technical assistance needs of clients throughout all points of the process from loan application to loan closing. The position will contribute to our strategic direction of supporting community-centered nonprofits led by and serving Black, Indigenous, and people of color. Please review NFF's 2024-2026 Strategy here.
The preference is for the position to be in self-funded commutable distance to one of NFF's office locations in New York or Philadelphia. Locations in commutable distance to Los Angeles will be considered. Our offices have re-opened, and staff can opt into in-person work as desired and based on the needs of the role. There is potential for up to 10% travel, which will consist of client visits, local/national conferences, and travel to NFF office for staff retreats.
The Manager, Portfolio Management will report to the Director, Manager, Portfolio Management who is based in San Francisco, CA.
What you'll do:
Relationship Management
• Develop and nurture relationships with new and existing clients and support them once loans have closed.
• Lead conversations with clients in a way that demonstrates empathy and garners understanding of their experiences and needs, including those who have faced barriers to equitable access of capital.
• Identify opportunities for NFF to provide portfolio clients with additional financing and/or connect clients to other sources of capital.
Portfolio Management
• Conduct and review analysis of loan health as part of timely regular monitoring of each loan including risk ratings.
• Structure and negotiate loan renewal terms that reflect the needs of clients.
• Provide loan modifications and extensions and connect clients to technical assistance and other NFF resources as appropriate and available.
• Proactively identify loans that show signs of deterioration in credit quality and work with the Director, Portfolio Management and Director, Head of Credit to develop strategies to support the client and mitigate risk of further deterioration and loan loss.
Strategy & Market Development
• Assist in business development activities, including supporting additional financing requests for existing clients, meetings with lending partners, and conversations and attendance at external events.
• Collaborate with the Financing team in building NFF's brand by representing NFF externally on panels and webinars with lending pa
Location: New York, NY
Posted: Aug. 14, 2024, 2:23 a.m.
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