What are the responsibilities and job description for the Portfolio Risk Manager position at Self-Help External?
WHO We Are:
Self-Help started in 1980 with a focus on economic inequality, especially in communities that have faced systemic barriers in building wealth. At the core of what Self-Help does is a drive to create and protect ownership and economic opportunity. In other words, we’re committed to economic justice! Economic Justice means that all communities have the basic infrastructure they need to thrive, from high-quality schools to grocery stores selling fresh food resources that support opportunity at a neighborhood level regardless of demographics, income, or wealth. Since our founding, we’ve constantly sought to find new ways to pursue greater economic justice: from providing fair and affordable loans to working with partners to demand that lawmakers change unjust policies.
We are seeking a Portfolio Risk Manager to join our Commercial Lending Asset Quality Team!
The Portfolio Risk Manager is a critical member of the Commercial Lending Asset Quality team and will manage the credit risk of an assigned loan portfolio through analysis, relationship building, and workouts. This individual must clearly understand the value of building relationships and customer service as the Portfolio Risk Manager will have frequent direct contact with both internal and external customers and needs to understand the Commercial Team’s loan programs.
WHAT You’ll Do:
- Working under limited supervision, manage the risk of the assigned loan portfolio including:
- Coordinate with loan officers, sector leaders, borrowers, commercial lending asset quality team members, and other stakeholders to ensure effective risk management of the assigned portfolio
- Collect and analyze borrower and guarantor financial statements
- Propose changes in risk rating based on completed analysis and risk management reports and approve ratings for smaller loans.
- Manage relationships with borrowers. Perform annual site visits and provide technical assistance as needed.
- Lead workouts for problem loans. Initiate and propose loan modifications occasionally as needed.
- Coordinate and/or review appraisal and environmental reports for potential and existing borrowers
- Share knowledge and expertise in one or more of the key sectors internally and externally
- Lead portfolio level analysis, reports, and presentation to sector leaders, other commercial lending staff, CLAQ, sector leaders, and management
- Lead asset quality meetings
- Support program/portfolio development as needed
- Lead projects, including complex and critical projects, and work collaboratively in teams to improve operational efficiency and effectiveness of risk management of commercial loans.
- May serve as a mentor to, and participate in the development of, less experienced Analysts
- Act as a change agent to drive Self-Help’s economic inclusion initiatives by integrating supplier diversity and the use of businesses owned by women and people of color in third party contracting and vendor management for relevant products and services
- Handle other projects and duties as may be deemed necessary
WHAT You’ll Need:
- A college degree with Business, Accounting or Finance focus OR an equivalent relevant experience. Advanced degree in Business or Accounting preferred
- 5 years of experience in lending, finance or community economic development
- Experience in one or more of Self-Help key lending sectors preferred: commercial real estate, charter school, renewable energy, healthy foods, community facilities, hotel, or small business
- Strong commitment to our mission – creating economic opportunity for traditionally underserved communities
- Preference for working in organizations that place priority on teamwork and collaboration
- Excellent understanding of balance sheet and income statement analysis
- Proven ability to develop and maintain relationships with borrowers and colleagues
- Ability and willingness to take initiative and lead projects through to completion
- Strong written and verbal communications skills
- Mastery of spreadsheet programs, including Excel, and strong quantitative skills
- Spanish language skills preferred
- Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization are essential. Teamwork and an interest in the development of co-workers are important Self-Help values.
- Ability and willingness to work overtime, when needed
- Ability to demonstrate Self-Help's Core Values:
- Mission Before Self
- Service With Excellence
- Embracing & Promoting Change
- Results Not Credit
- Diversity as a Strength
- Financial Sustainability for Mission Impact
Compensation:
Competitive nonprofit compensation, based on experience, plus a generous benefits package.
Application:
Visit our Careers Page to apply for this position. This position will remain posted until filled.
About Us:
Self-Help Credit Union was chartered in 1983 to build a network of branches that partner with working families and communities often underserved by the financial marketplace. With over $1.6 billion in assets and serving more than 92,500 members in 32 branches - six in Florida, 22 in North Carolina, three in South Carolina, and one in Virginia - Self-Help Credit Union is one of the fastest-growing community development financial institutions in the country. It is part of the Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For over 41 years, the national Center for Community Self-Help and its affiliates have provided more than $11 billion in financing to help over 198,000 people buy homes, start and grow businesses, and build wealth. For more information, please visit www.self-help.org.
Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.
