BLUEHUB CAPITAL Portfolio Manager Salary in the United States

BlueHub Loan Fund (BHLF) is an affiliate of BlueHub Capital (BlueHub), a national mission-driven nonprofit organization dedicated to building healthy communities where low-income people live and work. Since the mid-1980’s, BHLF has invested over $2.0 billion to support low-income communities, creating and preserving over 24,000 units of affordable housing, 13,800 jobs, healthcare services for more than 197,000 patients, and education and daycare for more than 50,000 children. BHLF offers a full suite of lending products to our customers, including pre-development, acquisition, site development, construction, bridge, term and permanent debt. As a national, certified Community Development Financial Institution (CDFI), we partner with other nonprofits, government and businesses to connect low-income communities with capital that generates economic opportunity and stability.

THE POSITION

BHLF is looking to hire an experienced Portfolio Manager (PM) to support all aspects of our lending program to a diverse set of borrowers. These include real estate developers, charter school and community health center operators, and non-profit and social enterprises serving low-income families and communities.  BHLF currently has a loan portfolio of approximately 165 borrowers with aggregate outstanding balances of over $220 million.

The PM will be joining the Portfolio Management team responsible for actively monitoring the financial performance of a portfolio of loans.  The Portfolio Management team also plays an integral role in loan closings, loan administration, loan disbursements, and loan operations.

This position requires a highly motivated person with a strong background in financial statement and credit risk analysis as well as credit administration and loan management experience for commercial and real estate lending.  The candidate must be a self-starter, have the demonstrated ability to work independently and effectively on several tasks simultaneously in a fast-paced environment and have excellent written and verbal communication skills.  The candidate must be able to work collaboratively across departments within the organization and externally with borrowers. The ideal candidate is someone who has strong financial and credit analysis skills combined with solid  administrative experience.

PRIMARY DUTIES AND RESPONSIBILITIES

Portfolio Management, Loan Administration, and Loan Operations (35%): 

• Monitor and ensure reporting requirements such as financial statements, covenant compliance certificates, insurance, rent rolls, and charter school reporting are current and up to date
• Communicate effectively with borrowers and serve as one of the primary points of contact for loan closing and post-closing loan management and servicing
• Review and process funding disbursement requests, ensure proper documentation and compliance with loan funding conditions
• Collect financial statements and reporting requirements
• Maintain working knowledge of loan policies and procedures
• Work closely with the Finance team to ensure correct accounting for all loans and trouble-shoot all issues related to loan booking, billing, and invoicing
• Diligently monitor and effectively address loan delinquencies, loan maturities, and loan conversions
• Onboard loans onto the loan system
• Provide payoff letters and mortgage discharges
• Maintain accurate and complete electronic credit files
• Generate and analyze portfolio and loan activity reports
• Maintain the loan portfolio management system and related databases

Credit and Financial Analysis (35%)

• Spread and analyze financial statements and assess credit risk
• Calculate and test financial covenants
• Underwrite loan amendment requests
• Complete annual loan reviews
• Assess accuracy of loan risk ratings and as appropriate, recommend risk rating changes
• Analyze and monitor lending sectors and state and municipal budgets and trends

Loan Documentation & Closing (30%):

• Review loan documents for accuracy and consistency with approved terms
• Coordinate the closing and funding process in conjunction with the loan officers, the Finance team, borrowers, loan participants, and legal counsel
• Manage the flow of loan documents from the commitment stage through closing and disbursement of funds
• Review all documents required for loan closing including title reports, escrow instructions, loan documents, surveys, environmental reports, appraisals, property condition reports, insurance and all other relevant documents
• Open controlled accounts
• Ensure compliance with Know Your Customer policy and OFAC checks
• Ensure compliance with all loan closing and funding requirements
• Identify potential closing problems and recommend effective solutions to meet the needs of BHLF and our borrowers
• Ensure electronic and database files are kept organized, maintaining an audit trail of all closing steps.

ESSENTIAL JOB REQUIREMENTS:

• Minimum of eight (8) plus years of portfolio management experience with a strong background in financial and credit risk analysis and solid  loan administration and closing a experience, preferably in the field of real estate lending and/or community development lending
• Deep understanding of and/or experience with commercial and construction loans
• Strong financial statement and credit analysis skills
• Understanding of real estate loan documents and basic legal terms
• Experience with databases and CRM platforms required, experience with Salesforce preferred
• Must have a high level of proficiency in Excel including financial modeling and pivot tables
• Demonstrated proficiency in MS Office Suite
• Must demonstrate a high level of attention to detail and commitment to accuracy
• Excellent written and verbal communication and organizational skills
• Superior judgment and prudent decision making abilities
• Demonstrated ability to consistently multi-task and manage a varied and occasionally intense workload
• Exhibit a high degree of professionalism demonstrating accuracy, timeliness, and teamwork
• Ability to build relationships internally and externally and elicit confidence by demonstrating reliability and professionalism
• Strong, reliable team player and ability to work effectively in a cooperative and diverse environment

ADDITIONAL DESIRED QUALIFICATIONS, SKILLS, & EXPERIENCE:

• Enthusiasm and a strong commitment to BlueHub’s mission
• Understanding of and experience with the New Markets Tax Credit and low income housing and historic tax credit programs
• Interest in and experience with mentoring
• Knowledge and experience with nonprofit community-based organizations

Candidates who reflect the diversity of the communities we serve and have a demonstrated commitment to advancing economic development for those communities are strongly encouraged to apply for this position.

COMPENSATION

BlueHub offers competitive salaries based on experience and skills, as well as an attractive benefits package including family health and dental coverage, flexible spending accounts, long term disability insurance, life insurance and a 401(k) retirement plan with employer match. 

HOW TO APPLY

The position is open until filled. Please submit a resume and cover letter to the attention of Shannon Weiss, Talent Acquisition Specialist.  No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls or inquiries about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

BlueHub Capital is an equal opportunity employer; people of color and women are strongly encouraged to apply.  BlueHub Capital is committed to a policy of equal employment opportunity for all employees or applicants for employment without regard to race, color, religion, gender, age, national origin, ancestry, sexual orientation, physical or mental disability, genetic information, veteran status or other protected status in accordance with applicable federal, state and local laws.