Portfolio Management Officer I

Locus•Richmond, VA

2d•$80,000 - $90,000•Remote

About The Position

Locus is currently seeking an experienced Portfolio Management Officer I (PMO I) in the department of Credit Risk. The PMO I role involves monitoring portfolio composition and performance, and creating/producing the various internal & external reports and dashboards on a regular basis for upper management. The role will also be responsible for remaining up to date on all regulatory guidelines across the aforementioned portfolios (e.g., including, but not limited to the CDFI Fund, ECIP, CRA, and Capital Magnet Fund).

Requirements

1-3 years relevant work experience in a credit risk management function to include commercial real estate and commercial and industrial lending.
1-3 years of banking experience and knowledge of a unique business model.
Knowledge and demonstrated ability in portfolio management, regulatory compliance, and credit analysis to include underwriting and spreading financial data
Bachelor’s Degree in a related subject field required
Excellent Word, Excel, and Windows file management skills mandatory
Experience with Salesforce or other CRM tools
Experience using data visualization tools to develop reports and dashboards (PowerBI preferred)
Familiarity with Outlook or similar network-based email and calendar software
Extensive computer usage and Microsoft Teams communication
Must be able to work independently in a stable remote environment, if necessary
Access to high-speed internet bandwidth and reasonable proximity to Locus or a major metropolitan airport
Ability to communicate verbally across all levels of the organization in a clear, concise, and confident manner
Ability to write accurate, clear, and organized communications, incorporating a range of information and analysis
Ability to collaborate with other departments (ex. IT) to develop successful solutions to business problems
Ability to document workflow and procedures

Responsibilities

Responsible for the development and execution of timely reporting and dashboards for direct lending portfolios
Assist in overseeing the bank’s direct lending and fund management portfolios and conducting regular portfolio reviews (annual reviews)
Monitor delinquencies and upcoming maturities, work with the Impact Banking team to ensure any extensions/renewals are completed prior to the maturity date. Assist Fund Management Team with portfolio monitoring and claims processing
Review closing documentation for direct-lending and fund-management portfolios. Ensure that all products have been closed and comply with the parameters defined within the closing documents