Senior Associate, Asset and Investment Management


The primary duty of the Senior Associate, Asset and Investment Management is to assist HPN’s CDFI lending business through the ongoing management of existing loans and stewardship of investment capital. A strong knowledge of affordable real estate development and nonprofit enterprise-level finance is required. Knowledge of CDFI programs such as Capital Magnet Fund and New Market Tax Credits is a plus. The Senior Associate will report to the Director, Portfolio Management.


The Senior Associate will aid the organization’s lending operations by 1) reviewing borrower financial and project reporting, assessing risk, and completing annual reviews of existing loans and 2) assisting the President of HPF on investor and CDFI Fund funding opportunities.

Asset Management & Portfolio Reporting (70%)

  • Develop relationships with borrowers and partner CDFIs.
  • Consult with origination staff on proposed reporting requirements and financial covenants for loans in underwriting.
  • Prepare asset management plans customized to each loan.
  • Assess borrower financial, line-of-business, and project reporting to track borrower performance against underwritten expectations.
  • Update financial spreads as audit reports are received.
  • Assess the risk of loans, recommending changes in risk rating as appropriate.
  • Review modification, waiver, and consent requests, coordinating with other staff to secure approvals; document and communicate actions taken.
  • Drive weekly staff-level asset management meeting, facilitating cross-team communication and collaboration on issues that warrant attention.
  • Direct (or participate in with Loan Officer) asset management calls or site visits with borrowers, documenting key points for the asset management files
  • Complete annual reviews for all loans in portfolio including spreading of borrower’s audited financials.
  • Closely monitor “watch list” borrowers, preparing periodic updates to the Credit Quality Committee.
  • Review loan commitments and provide input on financial covenants and reporting requirements for new loans.

Portfolio Reporting

  • Work with Director of Portfolio Management to compile quarterly report packages for the Credit Quality Committee (CQC) and facilitate/present at CQC meetings. Compile asset management reports as required by management, investors, and other stakeholders.
  • Participate in the collection and organization of financial and social impact data both for investor compliance and organizational grant applications.

      Capital Raise/Investor Management (20%)

      • In coordination with the President of HPF, reply to investor and funder due diligence requests and address other ad hoc requests for information from investors.
      • Oversee the application process for federal CDFI Fund funding opportunities (e.g. Financial Assistance, New Market Tax Credits, and Capital Magnet Fund programs) – including document/data gathering, contributing to strategy development, writing and editing narratives, and entering information into AMIS, the CDFI Fund’s online system.
      • Oversee HPN annual Aeris rating process – including document/data gathering and coordinating HPN staff for management interviews.
      • Other duties, as required.


      • Bachelor’s Degree, preferably in finance or accounting. Credit analyst training a plus. Advanced degree in related field a plus.
      • 3-5 years of professional experience as an underwriter or financial analyst and/or experience in portfolio or asset management, preferably with a CDFI or similar organization
      • Knowledge of how to analyze proforma financial statements, cash flows and credit analysis with relative independence.
      • Knowledge of affordable housing development, finance, and nonprofits preferred.
      • Knowledge of closing process and legal documentation for debt transactions a plus
      • Excellent written and oral communication Aptitude to steward time and multiple priorities to achieve objectives.
      • Fluency with Microsoft Excel and Word.
      • Commitment to social justice and HPN’s mission


        • HPN is a remote-first company. “Remote-first” is an organizational strategy that makes working remotely the primary option for most staff. All new staff will be required to be onsite at HPN headquarters or in the Boston area multiple days during weeks designated as All-Staff weeks. There may be additional times when teams are required to travel by their leader, based on scheduled events, team meetings and business needs.
        • New staff need to either (1) provide proof that they are fully vaccinated against COVID-19 or (2) granted an exemption prior to beginning work at HPN. At this time, HPN considers staff “fully vaccinated” when they have completed their primary COVID-19 vaccination series and received a COVID-19 booster.


        • Starting salary for the position is $75,200 (min) to $94,000 (mid), commensurate with education and experience, with a bonus potential.


        • 15 vacation days, 12 sick days, 12 paid holidays, paid personal day, medical, dental and vision insurance, health savings account, flexible spending account, dependent care flexible spending account, retirement and savings plan/401(k) match, group life insurance, short and long term disability, parental leave, sabbatical leave, professional development, PSLF qualified employer, and much more!

          TO APPLY

          Please submit cover letter and resume here.


          Housing Partnership Network (HPN) is an award-winning membership network of 100+ of the nation’s leading affordable housing and community development nonprofits. Through practitioner-driven peer exchange, policy and innovation, our mission is to leverage the individual strengths and mobilize the collective power of our member organizations. Our vision is that all people live in vibrant and inclusive communities where access to affordable homes creates opportunity and economic mobility. We firmly believe everyone deserves to live in a vibrant community where housing fosters dignity, opportunity, and well-being

          Since our founding in 1992, HPN has collectively served over 12.8 million people; developed, rehabilitated, or preserved almost 500,000 affordable homes; and launched 14 successful social enterprises. Our work has been recognized with honors including the MacArthur Award for Creative & Effective Institutions and Wells Fargo NEXT Award for Opportunity Finance.


          HPN is committed to creating a diverse and equitable environment and is proud to be an equal opportunity employer. HPN recruits, employs, trains, compensates, and promotes regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status and other protected status. We believe that the more inclusive we are, the better our work will be. We aspire to build a diverse team, one that better reflects the people and communities we serve. Applicants who contribute to this diversity are strongly encouraged to apply.

          WE VALUE

          Collaboration - We are a true network. We believe in the power and benefits of broad engagement, empowerment and collaboration.

          Connection - We actively build relationships that connect people, ideas, and organizations to forge new paths for improving communities.

          Racial Equity - We are committed to diversity, equity and inclusion at HPN, and helping members advance initiatives that dismantle long-standing systemic racial biases and discrimination to achieve economic and social justice.

          Inclusion - We recognize our power comes from the collective and cooperative nature of our work, based on an environment that is inclusive of diverse experiences, backgrounds and perspectives.

          Respect - We are open, honest, and respectful in all of our interactions which strengthens our relationships, our mission, our work with colleagues and members, and ultimately the lives of the people we all serve.

          Transformation - We work with our members to transform our industry by creating systemic solutions to help people who live in our communities to thrive.