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Title: Portfolio Manager
Employee Status: Full-time
Salary: Grade 4
Starts at $70,600 | St. Louis
Starts at $63,600 | Kansas City
Reports to: Managing Director – Portfolio Management
Department: Capital Solutions
Location: St. Louis, MO or Kansas City, MO
Hybrid Remote: In office: T/W | Remote: M/Th/F
Department Function: Maintain a program of flexible lending to targeted nonprofits throughout
the Midwest; design programs to assist the target market to obtain loans and required financial assistance; maintain financial planning data.
The Organization
IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and healthy food grocery operators. Staff contribute extensive business experience and an unrivaled connection to the mission of IFF to the clients we serve.
Equity, Diversity, and Inclusion
Partnering to create thriving communities is at the heart of everything we do. We leverage knowledge, capital, and resources to advance equitable and transformational outcomes in under-resourced communities, guided by our commitment to be an inclusive, anti-racist and anti-oppressive institution that honors communities as asset-rich and as experts in their own stories.
Basic Job Function
The Portfolio Manager is responsible for the proactive management of IFF loans post-close to monitor borrower compliance, identifying areas of risk, evaluating borrowers’ long-term viability/performance and proactively mitigating potential defaults and loan loss.
IFF is looking for candidates with a commitment to the work we do who can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful change in the areas of economic and racial justice.
Requirements:
Core Responsibilities:
1. Manage a portfolio of 70-100 loans, including:
2. Implement as required IFF delinquent and troubled loan procedures and policies:
3. Work with Capital Solutions staff to support compliance with portfolio and collateral monitoring procedures and assess and test portfolio quality:
4. Demonstrates a commitment to equity, diversity, and inclusion. Promotes an environment of empathy and respect, ensures the inclusion of all team members, and will actively engage in EDI events and learning opportunities.
5. Perform other projects as assigned.
Performance Measures:
Position Qualifications:
Education: Bachelor’s degree preferred, in business, accounting, finance, or community development. In lieu of degree, 5 years of relevant experience.
Previous Experience: Minimum of five years’ experience in commercial real estate or nonprofit lending required. Some experience with commercial loan workouts, delinquent loans and OREO.
Demonstrated competency in commercial portfolio compliance disciplines and terminology, high-level credit and financial analysis, underwriting policies and procedures, and loan restructuring.
Additional Requirements: Occasional evening and weekend work.
IFF does not offer the following:
Check off only some boxes in the requirements listed above. Studies have shown that marginalized communities - such as women, LGBTQ and people of color - are less likely to apply to jobs unless they meet every qualification. So, if you're excited about this role, we encourage you to apply.
Application Instructions: Please visit the Careers section of our website to apply online. Both a resume and cover letter are required.
IFF values equity, diversity, and inclusion as part of its mission to strengthen nonprofits and the communities they serve. IFF is an equal opportunity employer and is committed to building and maintaining a culturally diverse workplace that is free of discrimination and harassment of any kind. We encourage women, minorities, individuals with disabilities and veterans to apply. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate.
Full Time
$90k-127k (estimate)
04/25/2024
06/23/2024
iff.org
DETROIT, MI
100 - 200
1988
NGO/NPO/NFP/Organization/Association
KIRBY BURKHOLDER
$5M - $10M
IFF is a provider of real estate services to non-profit organizations and low-income commodities.
The job skills required for Portfolio Manager include Analysis, Portfolio Management, Underwriting, Financial Analysis, Economics, Diversity and Inclusion, etc. Having related job skills and expertise will give you an advantage when applying to be a Portfolio Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Portfolio Manager. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Portfolio Manager positions, which can be used as a reference in future career path planning. As a Portfolio Manager, it can be promoted into senior positions as a Portfolio Manager III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Portfolio Manager. You can explore the career advancement for a Portfolio Manager below and select your interested title to get hiring information.