Manager, Portfolio Management

Position Reports to: Senior Director, Portfolio Management 
Suite: Credit Risk and Loan Administration  
Department: Portfolio Management 
Location: Fully US-based remote; must reside within commutable distance to an NFF office (Boston, Los Angeles, New York, Oakland, Philadelphia). 
Salary Range: $99,500 - $110,600 

About Nonprofit Finance Fund  

Nonprofit Finance Fund® (NFF®) is a nonprofit lender, consultant, and advocate. For more than 40 years, we’ve helped organizations access the money and resources they need to realize their communities’ aspirations. Alongside others, we’re working to build community wealth and well-being and put affordable housing, essential services, quality jobs, and excellent education within reach of more people. At NFF, we envision a world of shared prosperity, where communities have the capital, community assets, knowledge, and agency to thrive. Learn more about our work to achieve our vision through our Theory of Change and Values.   

About This Role 

Nonprofit Finance Fund is looking for talented and mission-driven Manager, Portfolio Management who specializes in commercial loans to support our Portfolio Management team in the post-closing relationship management of NFF’s borrowers. The Portfolio Management team serves as the client point of contact once the loan has closed, and is responsible for payment performance, compliance monitoring, annual review, financial analysis, and risk mitigation. Portfolio Managers manage a broad array of loans and enable NFF to identify and resolve performance-related concerns. The Portfolio Management team also measures and presents lending business insights, credit risk, and performance metrics. This role offers a unique opportunity to work hands-on with our borrowers and leverage analytical skills to drive meaningful and lasting change in the communities we serve. 

NFF is a remote-first organization with offices in Boston, New York, Philadelphia, Oakland, and Los Angeles. This is a US-based remote role, with a strong preference for candidates within commutable distance to one of NFF’s offices. NFF has core business hours where we expect all staff to be available from 9:00 am to 5:00 pm local time, and occasional travel (20%) is required. 

What You Will Do 

Essential responsibilities for this role include, but are not limited to: 

Portfolio Monitoring & Risk Management (35%) 

• Oversee the performance of assigned loan portfolios and asset classes
• Analyze portfolio trends and identify emerging risks by evaluating payment performance, borrower financial ratios, pricing, economic conditions, and other relevant indicators
• Prepare quarterly loan impairment analyses for troubled loans within the assigned portfolio
• Produce annual portfolio reviews that surface trends, assess risk, and keep internal stakeholders informed of performance and concerns
• Deliver consistent, accurate financial and risk analyses during key loan events, including annual reviews, modifications, extensions, and defaults

Relationship Management & Customer Service (35%) 

• Deliver high-quality, responsive customer service across all borrower interactions, including answering questions and advising on loan transactions 
• Serve as the primary post-closing relationship manager for NFF borrowers
• Proactively follow up with borrowers regarding covenant compliance, performance concerns, or other post-closing issues

Compliance, Documentation & Workout Management (20%) 

• Manage loan covenant compliance, including financial statement collection, periodic compliance testing, and borrower follow-up related to covenant violations
• Prepare loan documentation to implement approved changes or coordinate with legal counsel to ensure timely and accurate execution
• Analyze loan issues and propose solutions, clearly articulating risks and tradeoffs in formal credit memoranda
• Develop and support loan workout plans under the direction of the Senior Director and Chief Credit Officer, ensuring adherence to approved strategies

Meetings and Other Duties As Assigned (10%) 

• Attend internal and external meetings as needed 
• As work and community/client needs change assignments, projects, and job duties will be assigned and may change 

Who You Are and Minimum Qualifications 

• Minimum of five (5) years of professional Portfolio and/or Asset Management experience with financial analysis expertise in Financial Services, Commercial Real Estate, or other related fields
• Formal Commercial Credit training from a recognized bank or institution 
• A Bachelor’s degree in Accounting, Finance, Economics or a closely related field, or an equivalent combination of education and relevant experience within commercial banking and/or lending 
• Proficient in creating and communicating credit, investment, or real estate analysis – formal writing and oral presentation to various stakeholders 
• Proficient in effectively synthesizing information, organizing logical arguments, and summarizing key points
• Advanced knowledge of Excel with the ability to perform financial analysis and modeling 
• Proficient experience in analyzing complex financial statements and tax returns
• Proficient in interpreting legal documents such as leases, mortgage notes, contracts, etc.
• Proficient in reviewing construction budgets, project plans, appraisals, inspection reports and other real estate documents
• Strong ability to draw conclusions from financial and market data to make sound recommendations regarding ongoing loan management
• Comfortable interfacing data between various computer applications/systems including Salesforce and Microsoft Office Applications
• All other equivalent combinations of work experience and training/education will also be considered 

The Strongest Candidates Will Have/Be 

• Commitment to NFF’s values and mission 
• Experience working with communities with historical disinvestment
• Experience with affordable housing subsidy programs, historic tax credit programs and other economic development tools
• Learning orientation and commitment to continuous improvement, learning, and advancing equity in lending practices 
• Ability to work proactively, independently, and effectively in a remote environment and build strong relationships with colleagues and partners across geographies and time zones 
• Willingness to collaborate with a dynamic and mission-driven team 
• Strong time management and organizational skills with the ability to effectively manage multiple priorities and deadlines in a fast-paced environment 

Benefits and Compensation 

NFF offers a generous benefits package that currently includes up to twenty (20) paid holidays/business closure days, three (3) floating holidays, unlimited flexible time off, group medical insurance with a funded health reimbursement account, dental and vision plans, life insurance and disability plans, a retirement plan with both a non-elective employer contribution (4%) and additional match contribution (2%), a “work from home” fund, and flexible spending accounts to cover health, dependent care, and commuter costs. 

This is an exempt, full-time role with an annual salary range of $99,500 - $110,600. A compensation offer is based on a candidate’s background and years of relevant experience, with consideration for internal equity. Because of our strong commitment to equity and growth, we do not negotiate compensation offers.