Portfolio Manager

This is a remote position.

Position Summary​
ThePortfolio Managerplays a critical role in safeguarding the financial performance and mission outcomes of RDF’s community development loan portfolio that includes loans to support affordable housing, education, healthcare, and other real estate transactions. This position is responsible for proactive portfolio monitoring, borrower engagement, covenant and reporting compliance, internal risk rating accuracy, and early identification of credit concerns. The Portfolio Manager integrates strong financial and portfolio management practices with a commitment to social impact. This role collaborates closely with investment teams, loan operations, finance, external partners, and organizational leadership to ensure robust portfolio performance, timely risk mitigation, and disciplined credit management aligned with RDF’s community development mission.

Requirements

Key Responsibilities

Portfolio Monitoring & Risk Management

• Manage an active portfolio of loans across multiple sectors (e.g., education, affordable housing, healthcare, intermediary lending, community facilities).
• Monitor loan performance, covenant compliance, and repayment activity.
• Conduct ongoing periodic borrower financial analysis (annual and interim, as needed), risk assessments, and portfolio reviews.
• Identify early warning indicators of credit risk and recommend corrective actions, including borrower engagement strategies and risk mitigation steps.
• Prepare credit memos and recommendations for loan modifications, extensions, waivers, renewals, and restructures
• Prepare periodic portfolio reports for senior leadership, investors, and board committees, including risk trends, covenant compliance, delinquencies, and concentrations.
• Support delinquency management and workout strategies, including borrower engagement, repayment plans, and escalation recommendations.
• Ensure compliance with internal lending policies, loan documentation requirements and applicable CDFI Fund reporting expectations.
• Support the development and implementation of a comprehensive credit administration framework, including credit policies, processes, and procedural documentation.
• Partner with Finance on portfolio analytics, cashflow forecasting, and reserve/ACL support (as applicable).
• Ensure compliance with federal, state, and CDFI Fund requirements, as well as internal lending policies.
• Train and mentor junior analysts in financial spreading, covenant compliance, and underwriting best practices.

Loan Servicing & Relationship Management

• Collaborate with Investment Professionals to ensure smooth handoffs from origination to asset management and servicing.
• Provide team-oriented support to Investment Professionals, specifically in the areas of core underwriting and portfolio management.
• Provide and validate any credit or portfolio information required by funding sources, auditors, or examiners (either directly or by delegation).
• Collaborate with Loan Administration to resolve servicing issues and maintain accurate records.

Qualifications

Required

• Bachelor’s degree in finance, business, economics, public policy, community development, or related field.
• Minimum 5 years of experience in real estate lending, portfolio management, credit analysis, community development, or related financial services sector.
• Strong financial and analytical skills, including experience reviewing financial statements, credit underwriting reports, and assessing credit risk.
• Knowledge of loan documentation, servicing systems, and risk management practices.
• Understanding of community development finance, CDFI business models, and mission‑driven lending.
• Excellent written and verbal communication skills and the ability to manage borrower relationships with empathy and professionalism.
• Strong organizational skills and high attention to detail.

Preferred

• Experience with real estate, charter school, affordable housing, healthcare, small business, intermediary and nonprofit lending.
• Experience in construction oversight and monitoring.
• Knowledge of federal community development programs (e.g., Low Income Housing Tax Credits (LIHTC), CDFI Fund, SBA, New Market Tax Credit (NMTC), HOME/CDBG).
• Familiarity with loan management systems (e.g. Fiscal, Portfol).
• Previous loan approval authority.
• Ability to balance credit discipline with mission-driven flexibility

Originally posted on