*About us*
Genesis LA is a nonprofit community loan fund with a mission to deliver financial solutions that advance economic and social opportunities in underserved communities. Founded in 1998 out of the office of former Los Angeles Mayor Richard Riordan, Genesis LA is certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI). Since our inception, we have deployed more than $500 million in capital, which has leveraged over $2 billion in investments into community and economic development projects. These projects created or retained over 6,900 permanent jobs; serve over 100,000 clients a year; house 2,000 families; and provide goods and services to approximately 700,000 low-income people. We invest in these projects through two programs. First, our Genesis Community Investment Fund (GCIF) is currently capitalized at $100 million and is used to make flexible loans ranging in size from $100,000 to $5 million. Second, we have deployed over $350 million in New Markets Tax Credit (NMTC) allocation, which leverages other capital and is invested into large real estate projects serving low-income communities. All of Genesis LA’s investments must demonstrate both financial viability and tangible community benefits to low-income people. Genesis LA’s business model is unique in that it is focused on providing the type of financing that many other lenders cannot provide and it invests in new and innovative approaches to community and economic development. Our team works hands-on with nonprofits, small businesses, and women and minority-owned enterprises, by blending our financial products with capacity building services that can turn unique challenges and/or innovative ideas into viable, financeable projects. We often marry these services with customized, flexible capital products that can solve financing challenges not being addressed by others in the market..
*POSITION SUMMARY:*
Genesis LA consists of a small team that works collaboratively to deliver financing and investments to low-income communities in the Los Angeles region. The Loan Portfolio Manager will be part of Genesis LA’s 12-person team and will specifically work within the Lending and Finance Departments. The Loan Portfolio Manager will report to the Director of Lending and will have significant responsibility related to analyzing loan and borrower performance, borrower financial performance and covenant compliance, portfolio reporting, and compliance with capital sources. The ideal candidate will have experience working with seasoned loans and monitoring performance, and should possess a genuine desire to improve low-income communities.
*RESPONSIBILITIES:*
· Review closing memos provided by Lending Team regarding recently closed loans and investments
· Onboard new loans and investments into loan management software (Nortridge Loan Software-NLS) and ensure accuracy of loan file data
· Administer reviews of covenants and loan compliance on semi-annual basis in keeping with the final loan terms and conditions
· Assist with the review of loan draws and construction disbursements as needed
· Develop semi-annual portfolio reports on loan compliance
· Assist other staff with gathering and reporting on community impacts resulting from our investments
· Prepare various compliance reports for submission to internal and external stakeholders including Board of Directors, and third parties such as rating agencies, trade associations, investors, and funders
· Utilize Excel tools, such as Pivot Tables, to streamline the aggregation of information needed for reporting to internal and external stakeholders
· Assist with outreach to borrowers for additional information related to loan servicing and covenant compliance as necessary
· Assist with other information requests related to loans and financial activities from Management and Lending Team
*QUALIFICATIONS:*
· Bachelor’s degree, preferably in accounting, finance, economics, or related fields
· Minimum of 3 years’ experience in working with lending institution or similar management of financial or portfolio data
· Experience with Nortridge Loan Software is a plus
· Ability to spread and analyze financial statements
· Ability to read and interpret loan documents
· Ability to produce and utilize accurate Pivot Tables, working knowledge of databases
· Strong communication skills, problem solving skills and attention to detail
· Outstanding interpersonal skills and ability to work collaboratively with a small team
· Strong organizational skills and capacity to prioritize multiple tasks to meet company goals and timelines
· Ability to work efficiently in a fast-paced environment and to exhibit flexibility within a dynamic and entrepreneurial organization
· Computer aptitude, including advance knowledge of Microsoft Office Suite Programs and other database software
Job Type: Full-time
Pay: $80,000.00 – $95,000.00 per year
Benefits:
* 401(k)
* 401(k) matching
* Dental insurance
* Flexible spending account
* Health insurance
* Life insurance
* Paid time off
* Parental leave
* Vision insurance
Physical setting:
* Office
Schedule:
* Monday to Friday
Supplemental pay types:
* Bonus pay
Ability to commute/relocate:
* Los Angeles, CA 90017: Reliably commute or planning to relocate before starting work (Required)
Work Location: Hybrid remote in Los Angeles, CA 90017