Senior Portfolio Manager
Position Reports to: Director, Portfolio Management
Location: Any of NFF’s office locations (Boston, Los Angeles, New York, Oakland, and Philadelphia); remote locations will be considered
Department: Financial Services
The COVID crisis and the uprising for racial justice have shone national light on both the urgent work required to build a more just and vibrant society for all Americans and the potential for positive action when our communities mobilize. In most cases, these efforts are spearheaded by nonprofits, community organizations, and their heroic staff who deliver essential services like affordable housing, social justice advocacy, health, youth development, and the arts. Yet these nonprofits and the communities they support operate within a flawed, inequitable funding system that controls their access to resources, impeding their ability to make a difference.
Nonprofit Finance Fund (NFF) is setting out to change that. We know that nonprofit leaders have power when they have access to capital and financial knowledge. Our strategy focuses on helping to shift that power by changing funding and financing practices so more money flows equitably and with less restriction to community-centered organizations led by and serving people of color, so they can be the drivers of their own change.
Read about our commitment to Diversity, Equity, and Inclusion here.
NFF’s Financial Services team provides nonprofit organizations with capital for their facilities and operational needs. In particular, we are committed to ensuring communities of color and their leaders have access to and control of the capital they need to meet their goals. We do this by partnering with organizations to ensure our financing products meet their needs now and as they evolve over time.
We are seeking a Senior Portfolio Manager who will be responsible for overseeing a portion of NFF’s portfolio, including building and maintaining borrower relationships, analyzing and monitoring the performance of loans and borrowers, and monitoring portfolio and market trends. They will lead the underwriting of loan renewals and restructuring of existing loans, as well as provide technical assistance to support the success of borrowers and the health of the loan portfolio. The role requires creative structuring and resourceful relationship development to succeed in maintaining the quality of the portfolio. This individual will supervise the Senior Associate, Portfolio Management.
The Senior Portfolio Manager will report to the Director, Portfolio Management who is based remotely.
Primary Duties and Responsibilities
Work with the Financial Services team to build out process improvements to better align portfolio management practices to NFF's strategy.
Monitor and proactively work with clients to evaluate their overall financial health, improve their operating performance, and meet their financing and facilities needs.
Develop subject matter expertise in the health, human services and education sectors in order to evaluate clients’ operating performance, as well as risks and opportunities.
Lead the rollout of new risk management practices for certain geographic and/or sector subsets of the portfolio.
Develop relational approaches to deepen relationships with borrowers.
Support the Director of Portfolio Management in the collection and analysis of loan portfolio data for internal and external reporting.
Develop and coach the Senior Associate’s professional development in their financial analysis and risk management skills.
Essential Requirements for Education and/or Experience:
You have a minimum of seven years of relevant professional work experience
You have a strong relationship-building approach with the ability to center the needs of clients and communities while making decisions
You have a strategic mindset and are able to see the big picture while identifying the details
You have strong communication skills and are able to connect and engage with diverse audiences and communities
You have strong analytical skills and can present complex analytics in an accessible manner
You are highly organized and possess excellent project management skills
You have an aptitude for problem-solving and are able to identify challenges and provide solutions
You are a self-starter and committed to continuous learning
You have the ability and willingness to travel to meet with stakeholders and portfolio clients
You embody NFF’s mission, core values and commitment to equity
At NFF, we are invested in discussing the depth and breadth of each candidate’s background and experience during the interview process and using that information to determine the best offer. The salary range for this position begins at $105,000. NFF also provides an attractive benefits package that includes health insurance, retirement plan, paid time off, standard holidays, and commuter benefits.
All salaries are commensurate with experience and include an attractive benefits package.
Nonprofit Finance Fund is committed to diversity, equity, and inclusion in its workforce. We encourage candidates that will help us live out this commitment to apply.
NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status in accordance with federal law. In addition, NFF complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it maintains facilities. NFF also provides reasonable accommodation to qualified individuals with disabilities in accordance with applicable laws.
This job posting provides a general list of the essential responsibilities and qualifications required for this position. It does not represent a contract for employment and NFF reserves the right to change the description and/or posting at any time without notice.
When applying, please DO NOT include any of the following information with your job application: Social Security number; driver's license number or state-issued identification card number; financial account number, or credit or debit card number.