What are the responsibilities and job description for the Portfolio Manager position at CityWide Development?
CITYWIDE'S LENDING & DEVELOPMENT FINANCE DEPARTMENT (LDF)
CityWide provides business loans, incentive financing, and solutions to businesses and development projects that encourage the vitality of the region. Our diverse financing tools are designed to complement private sector lenders and investors while offering viable solutions for many project sizes and businesses.
POSITION SUMMARY
The LDF Portfolio Manager position will play a key role in the closing and servicing of all CityWide loan programs while working closely with the Vice President of Housing & Economic Development Services and Business Development Officers to create a smooth end-to-end process for CityWide’s borrowers and third-party lenders.
Key Position Responsibilities:
Loan Servicing
- Create and maintain loan files in accordance with loan program and audit guidelines.
- Manage maturing loans and renewals.
- Responsible for annual collection and tracking of financial statements, insurance, real estate taxes, and jobs reporting.
- Collaborate with borrowers, lenders, the SBA, and other third parties to efficiently respond to requests for subordinations, collateral changes, and other related requests.
- Perform annual site visits on all Small Business Administration (SBA) 504 loan customers.
Loan Origination and Closing
- Assist Business Development Officers with Ventures document storage.
- Assist V.P. with preparing spreads in Ventures.
- Assist V.P. with loan document creation and closings.
- Review new loan files for accuracy and completeness. Scan and upload all documents into the company share drive.
Other duties as assigned
Job Knowledge and Qualifications:
- Bachelor’s degree from an accredited college or university preferred or high school diploma with relevant work experience.
- At least 3 years of experience in financial services, preferably in commercial lending administration or commercial credit analysis.
- Experience in Microsoft Office (Word, Excel, PowerPoint).
- Autonomy to balance independent work with limited guidance and complete collaborative work with team members.
- Exceptional time management and organization skills.
- Excellent verbal and written communication skills.
Other Requirements:
- Complete and pass all background checks and clearances.
- Provide a valid Ohio Driver’s License.
- This position requires an in-office schedule of at least four days a week.
Competitive Salary and Benefits:
CityWide offers a competitive salary and benefits package including health and dental insurance, paid time off (PTO), 401K, HSA, flexible spending accounts, professional development opportunities, and positive work culture.
About CityWide
Since 1972, CityWide Development Corporation has served as a not-for-profit organization with a mission to strengthen Dayton through strategic economic, community, and real estate development. Through our deep roots in the community and experienced staff, CityWide is able to leverage funds, relationships, and partnerships to engage in catalytic projects and bring desired services to neighborhoods.
Application Process:
Please send a cover letter and resume to Heather Corbin, SBA Director. hcorbin@citywidedev.com
No phone calls, please.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Paid time off
- Professional development assistance
Work Location: In person
