Loan Portfolio Manager
Genesis LA, Los Angeles, CA, United States
ORGANIZATION OVERVIEW:
Genesis LA was created in 1998 with a mission to provide capital and capacity to low-income neighborhoods as a means to facilitate high-impact community development real estate projects. Our mission is to deliver financial solutions that advance economic and social opportunities in underserved communities. We make loans to a variety of borrowers and projects generally consisting of commercial or small business real estate, community facilities, and affordable housing located in low-income communities or serving low-income individuals in Los Angeles County. Genesis LA is certified by the U.S. Treasury Department as both a Community Development Financial Institution (CDFI) and a Community Development Entity (CDE). Through our $150 million on-balance sheet CDFI loan fund (the Genesis Community Investment Fund), we provide real estate loans to non-profits and developers generally ranging up to $5 million per project. As a CDE, we have been awarded nearly $600 million of New Markets Tax Credit (NMTC) allocation, which has provided financing for larger scale real estate projects. Genesis LA pairs its lending products with development services to assist potential borrowers by providing additional capacity to ensure projects move forward and can access our capital. Further, Genesis LA operates multiple community development programs and intermediary services to third parties, both of which are designed to support community development and drive capital to low-income and underserved communities.
POSITION SUMMARY: The Loan Portfolio Manager is responsible for managing all active loans in the Genesis LA portfolio, including review of semi-annual financial reporting, sponsor and borrower financial performance, covenant compliance, risk rating recommendations, and proactive identification of credit concerns. The position will also oversee the review of loan disbursements for draw based loans, typically related to predevelopment or construction loan draws. The Loan Portfolio Manager will directly perform a significant volume or loan monitoring and reviews and will be supported by Loan Associate(s) who will dedicate a portion of their time to loan portfolio management assignments. The Loan Portfolio Manager will also work with Loan Officers and members of Genesis LA’s Finance Team to collaborate on loan-related compliance with the CDFI Fund, government agencies, lenders to Genesis LA and other similar agencies.
The Loan Portfolio Manager is part of Genesis LA’s 19-person team, will report to the Director of Lending, and will frequently collaborate with staff from across the organization. The ideal candidate will have experience working with seasoned loans and monitoring loan performance. This role operates with considerable autonomy and requires a minimum of 5 years of experience in loan portfolio management, underwriting, compliance, construction loan monitoring or similar work.
RESPONSIBILITIES:
Portfolio Monitoring & Compliance Reviews Manage Genesis LA’s loan portfolio consisting primarily of real estate loans to fund affordable housing, nonprofit facilities and commercial developments. These loans fund various stages of development, including acquisition, predevelopment, construction, bridge, and permanent financing. Maintain communications internally at Genesis LA and externally with borrowers regarding the delivery of financial reporting and other compliance information. Gather and review semi-annual and annual financial statements, audits, tax returns, personal financial statements, and other financial documents. Enter financial information into multi-year spreads for monitoring performance, financial health, and adherence to financial covenants as part of annual and semi-annual review process. Gather and review project level financial information such as rent rolls, leasing activities, budgets, fundraising, and project progress as part of annual and semi-annual review process. Ensure timely renewals of required insurance for each borrower and project. Ensure timely payment of property taxes for each project financed. Collect and review borrower certifications related to covenants or other compliance requirements. Review Risk Ratings at least semi-annually, and more frequently if necessary, and make any recommendations for adjustments to ratings. Work with Loan Officers and Director of Lending to undertake any corrective action related to noncompliance borrowers or troubled loans, including requests for extensions or modifications, which will typically be handled by Loan Officers.
Compliance & Reporting Coordinate with other Genesis LA team members to prepare compliance reports.\ Prepare various compliance reports for submission to internal and external stakeholders including Board of Directors and third parties such as rating agencies, trade associations, investors, and funders. Assist with other information requests related to loans and financial activities from Management and Lending Team. Assist other staff with gathering and reporting on community impacts resulting from our investments.
Loan Disbursements Review loan disbursement requests for predevelopment and construction loan draws and work with other staff to perform such reviews. Request and review title endorsements related to loan disbursements.
QUALIFICATIONS:
Required Bachelor’s degree required, preferably in accounting, finance, economics, or related fields. Minimum of 5-7 years of experience in working with lending institution or similar management of financial or portfolio data. Ability to read and interpret loan documents. Ability to spread and analyze financial statements, including for nonprofits and real estate projects. Excellent written and oral communication skills and attention to detail. Outstanding interpersonal skills and demonstrated ability to work collaboratively with a small team on overall business strategies and structuring of transactions. Self-starter with an ability to work independently on core responsibilities. Strong organizational skills and follow through. Ability to manage multiple workstream and projects from start to finish. Capacity to prioritize multiple tasks to meet timing needs of Genesis LA and its partners. Ability to work efficiently in a fast-paced environment and to exhibit flexibility within a dynamic and entrepreneurial organization. High ethical standards. Computer aptitude, including knowledge of Microsoft Office Suite Programs. Knowledge of NMTCs, CDFIs, federal, state, and local financing programs and related public policy issues is a plus.
Preferred Experience with Nortridge Loan Software. Ability to produce and utilize accurate Pivot Tables, working knowledge of databases. Experience with construction monitoring and disbursement. Familiarity with CDFI lending models. Ability to balance credit considerations and mission-aligned flexibility.
COMPENSATION: Genesis LA offers a competitive salary commensurate with experience. The expected starting salary range for this position is $130,000 - $140,000, depending on experience. Genesis LA offers full medical, dental and vision benefits, life insurance, a 401k retirement plan with generous matching terms, 12 paid holidays and 15 days of paid time off per year. Bonus opportunities are also available based on performance.
The position is based at Genesis LA’s corporate offices in Downtown Los Angeles. Genesis LA is primarily an in-person business, with a policy for in-office attendance Monday through Thursday and the option to work from home on Fridays. Management is open to accommodating additional flexibility when needed. Genesis LA also fosters a culture of team building and bonding, with monthly social activities.
Interested candidates should forward a resume and cover letter to Dina Valenzuela at dvalenzuela@genesisla.org
POSITION SUMMARY: The Loan Portfolio Manager is responsible for managing all active loans in the Genesis LA portfolio, including review of semi-annual financial reporting, sponsor and borrower financial performance, covenant compliance, risk rating recommendations, and proactive identification of credit concerns. The position will also oversee the review of loan disbursements for draw based loans, typically related to predevelopment or construction loan draws. The Loan Portfolio Manager will directly perform a significant volume or loan monitoring and reviews and will be supported by Loan Associate(s) who will dedicate a portion of their time to loan portfolio management assignments. The Loan Portfolio Manager will also work with Loan Officers and members of Genesis LA’s Finance Team to collaborate on loan-related compliance with the CDFI Fund, government agencies, lenders to Genesis LA and other similar agencies.
The Loan Portfolio Manager is part of Genesis LA’s 19-person team, will report to the Director of Lending, and will frequently collaborate with staff from across the organization. The ideal candidate will have experience working with seasoned loans and monitoring loan performance. This role operates with considerable autonomy and requires a minimum of 5 years of experience in loan portfolio management, underwriting, compliance, construction loan monitoring or similar work.
RESPONSIBILITIES:
Portfolio Monitoring & Compliance Reviews Manage Genesis LA’s loan portfolio consisting primarily of real estate loans to fund affordable housing, nonprofit facilities and commercial developments. These loans fund various stages of development, including acquisition, predevelopment, construction, bridge, and permanent financing. Maintain communications internally at Genesis LA and externally with borrowers regarding the delivery of financial reporting and other compliance information. Gather and review semi-annual and annual financial statements, audits, tax returns, personal financial statements, and other financial documents. Enter financial information into multi-year spreads for monitoring performance, financial health, and adherence to financial covenants as part of annual and semi-annual review process. Gather and review project level financial information such as rent rolls, leasing activities, budgets, fundraising, and project progress as part of annual and semi-annual review process. Ensure timely renewals of required insurance for each borrower and project. Ensure timely payment of property taxes for each project financed. Collect and review borrower certifications related to covenants or other compliance requirements. Review Risk Ratings at least semi-annually, and more frequently if necessary, and make any recommendations for adjustments to ratings. Work with Loan Officers and Director of Lending to undertake any corrective action related to noncompliance borrowers or troubled loans, including requests for extensions or modifications, which will typically be handled by Loan Officers.
Compliance & Reporting Coordinate with other Genesis LA team members to prepare compliance reports.\ Prepare various compliance reports for submission to internal and external stakeholders including Board of Directors and third parties such as rating agencies, trade associations, investors, and funders. Assist with other information requests related to loans and financial activities from Management and Lending Team. Assist other staff with gathering and reporting on community impacts resulting from our investments.
Loan Disbursements Review loan disbursement requests for predevelopment and construction loan draws and work with other staff to perform such reviews. Request and review title endorsements related to loan disbursements.
QUALIFICATIONS:
Required Bachelor’s degree required, preferably in accounting, finance, economics, or related fields. Minimum of 5-7 years of experience in working with lending institution or similar management of financial or portfolio data. Ability to read and interpret loan documents. Ability to spread and analyze financial statements, including for nonprofits and real estate projects. Excellent written and oral communication skills and attention to detail. Outstanding interpersonal skills and demonstrated ability to work collaboratively with a small team on overall business strategies and structuring of transactions. Self-starter with an ability to work independently on core responsibilities. Strong organizational skills and follow through. Ability to manage multiple workstream and projects from start to finish. Capacity to prioritize multiple tasks to meet timing needs of Genesis LA and its partners. Ability to work efficiently in a fast-paced environment and to exhibit flexibility within a dynamic and entrepreneurial organization. High ethical standards. Computer aptitude, including knowledge of Microsoft Office Suite Programs. Knowledge of NMTCs, CDFIs, federal, state, and local financing programs and related public policy issues is a plus.
Preferred Experience with Nortridge Loan Software. Ability to produce and utilize accurate Pivot Tables, working knowledge of databases. Experience with construction monitoring and disbursement. Familiarity with CDFI lending models. Ability to balance credit considerations and mission-aligned flexibility.
COMPENSATION: Genesis LA offers a competitive salary commensurate with experience. The expected starting salary range for this position is $130,000 - $140,000, depending on experience. Genesis LA offers full medical, dental and vision benefits, life insurance, a 401k retirement plan with generous matching terms, 12 paid holidays and 15 days of paid time off per year. Bonus opportunities are also available based on performance.
The position is based at Genesis LA’s corporate offices in Downtown Los Angeles. Genesis LA is primarily an in-person business, with a policy for in-office attendance Monday through Thursday and the option to work from home on Fridays. Management is open to accommodating additional flexibility when needed. Genesis LA also fosters a culture of team building and bonding, with monthly social activities.
Interested candidates should forward a resume and cover letter to Dina Valenzuela at dvalenzuela@genesisla.org