Senior Associate – Compliance and Portfolio Management

PRIMARY JOB FUNCTION: 

Under the supervision and direction of the Director, Portfolio Management, the Senior Associate, Compliance and Portfolio Management will be responsible for supporting our growing lending business, by asset managing and servicing our portfolio of affordable housing loans (currently $50MM+). The Senior Associate, Compliance and Portfolio Management will also work collaboratively with lending staff on other projects, including identifying and implementing system enhancements for our portfolio management platform.   

MAJOR DUTIES AND RESPONSIBILITIES:

Asset Management/Portfolio Reporting

  • Work with borrowers to ensure timely receipt of required financial reporting and track covenant compliance
  • Analyze borrower financial reporting and track borrower performance against underwritten expectations
  • Lead or participate in asset management calls with borrowers
  • Compile quarterly asset management package for internal review and presentation to Credit Quality Committee and HPF Board
  • Compile portfolio reports as required by management, investors and other stakeholders
  • Collect and organize financial and social impact data both for compliance and as needed to support organizational grant applications

Loan Servicing

  • Input transactions into and maintain loan servicing system (Nortridge), and generate monthly portfolio reports for finance/accounting purposes
  • Generate monthly invoices and manage collections from borrowers and disbursements to participating lenders
  • Create “welcome packages” for new borrowers; process draw requests; generate payoff letters 

Other

  • Support Director, Portfolio Management in loan closings, maintaining closing checklists and loan files
  • Monitor and manage CDFI Fund certifications and compliance reporting
  • Contribute to the evolution of the Lending team’s systems- including Salesforce, Nortridge and Smartsheet and integrating where efficient with HPN’s systems
  • Support peer exchange efforts with members, particularly around member meeting session planning
  • Assist with other portfolio management, compliance, and analytical functions, as needed

QUALIFICATIONS: 

  • Bachelor’s degree
  • 3+ years’ experience in lending, banking, accounting or finance
  • Experience in community development finance industry helpful
  • Strong organizational, analytical, logical and problem solving skills
  • Excellent attention to accuracy and detail
  • Ability to manage multiple projects and deadlines
  • Familiarity with financial statements, including spreading and analysis
  • Ability to understand loan documentation
  • Excellent interpersonal skills and customer service orientation
  • Excellent oral and written communication skills
  • Experience with Microsoft Office applications, particularly Excel
  • Familiarity with Salesforce a plus
  • Ability to work independently and as a team player with staff at various levels of the organization
  • Sense of humor, respect and curiosity are a must!

OTHER:

  • Position is located in Boston, MA
  • Minimal travel required

 Apply here