Senior Asset Manager – Lending

The role

The Senior Asset Manager will manage a loan portfolio including LIHTC and NMTC transactions. This role involves loan monitoring, tracking, reporting, and managing workouts.

What you will do

• Manage a loan portfolio spanning numerous product and project types.
• Conduct credit assessment of loans including financial statement analysis and covenant compliance.
• Monitor disbursements on lines of credit and predevelopment.
• Manage relationships with portfolio borrowers through communication and site visits.
• Track late, delinquent, and maturing loans.
• Coordinate with Lending, Credit, Asset Management, Legal, and Loan Administration teams.
• Identify and solve problems with borrowers and propose loan workout or restructuring strategies.
• Evaluate feasibility of proposed loan modifications and prepare post-closing amendment requests.
• Track insurance compliance on active loans.
• Prepare write-off memos.

Required qualifications

• 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, restructurings and real estate owned.
• 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.
• Commitment to impact investing and LISC’s mission and values.

Nice to have

• Lending experience in affordable rental and for-sale housing, charter schools, community health centers, small business, and commercial development.
• Knowledge of the Historic Tax Credit, Low Income Housing Tax Credit and/or New Markets Tax Credit programs.

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. It works with residents and partners to close gaps in health, wealth, and opportunity.