Portfolio Analyst

BlueHub Loan Fund (BHLF), an affiliate of BlueHub Capital (BlueHub), seeks a Portfolio Analyst (PA) to support our community development 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. This person will join the Portfolio Management team, which is responsible for actively monitoring the financial performance of our loan portfolio, and report to the SVP of Portfolio Management. The PA will be responsible for proactively monitoring the financial performance of a portfolio of loans, as well as contributing to continual process improvements, enhanced training tools, and finding ways to streamline the Portfolio Management function.

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 solid financial and credit analysis skills combined with some administrative experience.

Work Arrangements:

BlueHub staff are working a hybrid schedule of three days of work in the office (Tu-Th) and two days of remote work (M & F). 

Background: 

BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $3.1 billion (and leveraged over $16.1 billion) to finance:

• Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places
• Reducing financial barriers to US citizenship
• Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes
• Mortgage lending for families facing foreclosure

Increasing economic opportunity is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on communities that have been systematically denied access to capital. Our offices are located in the Roxbury neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, www.bluehubcapital.org.

Essential Duties and Responsibilities:

• Portfolio Management (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 post-closing loan management.
  • Review and process funding disbursement requests, ensure proper documentation and compliance with loan funding conditions for non-construction loans.
  • Collect financial statements and reporting requirements.
  • Maintain working knowledge of loan policies and procedures.
  • Diligently monitor and address loan delinquencies, loan maturities, and loan conversions.
  • Maintain accurate and complete electronic credit files.
  • Update Salesforce.com and other databases when necessary.
  • Assist with responses and analysis needed for annual evaluation by Aeris and Standard & Poor’s.
  • Support work related to troubled assets and workouts.
  • Contributing to continual process improvements through the development and updating of process manuals when appropriate.
• Credit and Financial Analysis (60%)
  • Analyze financial statements and assess credit risk. Follow up with borrower and loop in loan officer regarding any inconsistencies and concerns identified.
  • Calculate and test financial covenants.
  • Underwrite all loan amendment requests with the exception of loan amount increases and new credit 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 (5%):
• • Ad hoc support for loan closings when necessary in coordination with the loan officers, the Loan Operations & Servicing Manager, the Finance team, borrowers, loan participants, and legal counsel.

Qualifications and Skills:

• Three to five (3-5) years of portfolio management or similar experience, preferably in the field of real estate lending and/or community development lending.
• Background in financial and credit risk analysis and solid loan administration a plus.
• Familiarity with and/or experience with commercial and construction loans.
• Understanding of real estate loan documents and basic legal terms.
• Experience with Salesforce a plus.
• Demonstrated proficiency in MS Office Suite (particularly Excel, Word and Powerpoint).
• Exhibits a high degree of professionalism demonstrating accuracy, timeliness, and teamwork.
• Excellent written and verbal communication skills and organizational skills.
• Superior judgment and prudent decision-making abilities.
• Able to build relationships internally and externally and elicit confidence by demonstrating reliability.
• Strong team player and ability to work effectively in a cooperative and diverse environment.
• Can proactively identify problems / opportunities for process improvement and offer relevant solutions.

Additional Desired Qualifications:

• Enthusiasm for and a strong commitment to BlueHub’s mission
• Familiarity and/or experience with New Markets Tax Credit program, low-income housing and historic tax credit programs, and charter schools.
• Knowledge and experience with community development real estate developers and nonprofit community-based organizations.
• Candidates who reflect the diversity of the communities we serve or have an interest in advancing economic development for those communities, are strongly encouraged to apply for this position.

Salary and Benefits:

Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s salary scale. As a “life cycle employer,” BlueHub invests in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits for full-time employees include:

• Generous insurance benefits: Health, dental, vision, life and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses
• Retirement benefits: Competitive 401(k) matching
• Unique BlueHub benefits and stipends that support employee wellness, sustainable practices and charitable gift matching
• Excellent package of vacation time and paid leave, as well as generous roll-over policies

Application:

Please submit a resume and cover letter online via our application portal. You may direct your cover letter to Shannon Weiss, Talent Acquisition Consultant. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls 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. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.