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About the Role
LISC is seeking a Senior Asset Manager to join its Lending Department. This role involves monitoring, tracking, and reporting on LISC’s loan portfolio, including LIHTC and/or NMTC transactions, managing workouts, and contributing to the department's overall work. The position requires proactive management of closed loans, credit assessment, borrower relationship management, and ensuring data quality in the loan administration system.
Responsibilities
- Manage a loan portfolio spanning numerous product and project types provided by LISC.
- Conduct credit assessment of loans, analyzing financial statements, project performance, and covenant compliance.
- Prepare loan portfolio performance reports and risk rating assessments.
- Monitor disbursements on lines of credit and predevelopment.
- Manage relationships with portfolio borrowers to ensure loan performance and identify new business opportunities.
- Track late, delinquent, and maturing loans to ensure timely resolution of credit issues and maturities.
- Coordinate with Lending, Credit, Asset Management, Legal, and Loan Administration teams for accurate records.
- Identify, prioritize, and resolve issues with borrowers, proposing and executing loan workout and restructuring strategies.
- Evaluate feasibility of proposed loan modifications and prepare post-closing amendment requests.
- Track insurance compliance on active loans and review updated certificates and policies.
- Prepare write-off memos.
- Ensure the quality of data in LISC’s loan administration system, including developing policies and procedures.
- Perform ongoing borrower check-ins.
- Interact with LISC staff to provide accurate and timely information.
- Perform additional duties as required.
Requirements
- Bachelor’s degree from an accredited college or university.
- Experience with loan asset portfolio management, acquisitions, credit, and underwriting in community development.
- Minimum five (5) years’ real estate experience with working knowledge of real estate finance and/or operations.
- Experience managing and negotiating loan workouts, restructurizations, and real estate owned.
- Lending experience in at least one of the following market sectors is a plus: affordable rental and for-sale housing, charter schools, community health centers, small business, and commercial development, preferably combined with knowledge of the Historic Tax Credit, Low Income Housing Tax Credit and/or New Markets Tax Credit programs.
- Strong communication, analytical, decision-making, time management, organizational, follow-up and relationship management skills.
- Self-starter ability to work independently as well as collaboratively.
- Solid proficiency in Microsoft Office suite, particularly Microsoft Excel, Salesforce, and loan management systems.
- Good organizational abilities and attention to detail.
- Ability to work independently and manage multiple assignments simultaneously.
- Commitment to impact investing and LISC’s mission and values.
Skills
- Microsoft Office Suite
- Microsoft Excel
- Salesforce
- Loan management systems
- Communication
- Analytical
- Decision-making
- Time management
- Organizational
- Follow-up
- Relationship management
Location
- Remote
Work Type
- Full-time
Experience Level
- Senior
Education Level
- Bachelor's degree
Salary/Compensations
- $102,000-$127,000
Benefits
- Medical, Dental, Vision Coverage
- Disability Insurance
- Retirement Savings (401(k) and 403(b) plans)
- Generous Holidays
- Vacation, PTO, and Sick Days
- Tuition Assistance
- Referral Program
- Professional Development Opportunities
About the Company
- LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America.
- LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive.
- We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities.
Equal Opportunity
- LISC is an equal opportunity employer.
- LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.
- We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.