Portfolio Loan Associate
About The Position
The Momentus Capital branded family of organizations - which includes Capital Impact Partners and CDC Small Business Finance and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member) - are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions. Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents – and our country – thrive. Position Summary The Portfolio Loan Associate is responsible for providing on-going support and assistance specifically to Portfolio Loan Officers (PLO) on the Portfolio & Asset Management Team. The ideal candidate will have a passion for community and economic development. The position will report to Director, Portfolio and Asset Management.
Requirements
- High School Diploma or equivalent education; 1 or more years of experience in a related field.
- Excellent internal and external customer service skills
- Strong attention to detail, analytical, critical thinking and organization skills
- Experience prioritizing and managing multiple assignments and meeting tight deadlines
- Able to work in a team atmosphere where his or her manager may not work in the same office
- Proficient in Microsoft Word, Excel, Google Suite. Willingness to learn specific software programs.
Nice To Haves
- Experience in a Community Development Financial Institution or commercial lending institution preferred
Responsibilities
- Support Portfolio Loan Officers with asset management duties that consist of completing annual loan reviews, and loan financial spreading
- Complete annual loan reviews for defaulted and outstanding reviews which includes detailed analysis of borrowers financial and operational performance, economic impacts, risk assessments as well as compliance testing of financial covenants in accordance with loan documents & credit guidelines
- Work collaboratively with Portfolio Loan Officers, draft and manage borrower questions and responses in order to complete loan reviews
- Learn Capital Impact’s various sectors and geographies via ongoing participation in lending related meetings including weekly triage meetings, monthly team meetings, quarterly risk meetings, and any trainings as assigned
- Accompany Portfolio Loan Officers on site visits and participate in discussions with borrowers
- Be proficient with loan documentation and Capital Impact’s asset management processes and systems for managing a loan from closing to loan repayment
- Assist with other projects as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
101-250 employees
