Portfolio Manager I

At Locus, we know communities thrive when they have equitable access to capital. We collaborate with stakeholders across the community development ecosystem to invest in communities with strong aspirations, while addressing challenges like a shortage of affordable housing, limited access to fresh food, a lack of quality jobs, and clean energy innovation. We believe a capital system that centers community input and impact is essential to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving places. Locus is the parent organization for a family of community development enterprises, which includes a nonprofit CDFI loan fund, a CDFI bank, a fund management practice, and a national guarantee program. With offices in Christiansburg and Richmond, Virginia, Locus offers innovative and flexible financing tools and strategic consulting services to individuals and organizations in underestimated and excluded communities, most of which are low-to-moderate income. Alongside our many partners, Locus has generated over $2 billion dollars in total impact.

About the role

The Portfolio Management Officer I (PMO I) in the Credit Risk department monitors portfolio composition and performance, and creates internal and external reports and dashboards for upper management. The role also ensures compliance with regulatory guidelines across portfolios, including the CDFI Fund, ECIP, CRA, and Capital Magnet Fund.

Responsibilities

• Reporting – Develop and execute timely reporting and dashboards for direct lending portfolios.
• Portfolio Management – Assist in overseeing the bank’s direct lending and fund management portfolios and conduct regular portfolio reviews (annual reviews).
• Risk Mitigation – Monitor delinquencies and upcoming maturities; work with the Impact Banking team to ensure extensions/renewals are completed prior to maturity. Assist the Fund Management Team with portfolio monitoring and claims processing.
• Compliance – Review closing documentation for direct-lending and fund-management portfolios. Ensure all products comply with the parameters defined within the closing documents.

Qualifications

• 1-3 years of relevant work experience in a credit risk management function, including commercial real estate and commercial and industrial lending.
• 1-3 years of banking experience with knowledge of a unique business model.
• Demonstrated ability in portfolio management, regulatory compliance, and credit analysis, including underwriting and spreading financial data.
• Bachelor’s Degree in a related field.

Skills

• Excellent proficiency in Microsoft Word, Excel, and Windows file management.
• Experience with Salesforce or other CRM tools.
• Experience using data visualization tools to develop reports and dashboards (PowerBI preferred).
• Familiarity with Outlook or similar network-based email and calendar software.
• Extensive computer usage and Microsoft Teams communication.
• Ability to work independently in a stable remote environment, if necessary.
• Access to high-speed internet and reasonable proximity to Locus or a major metropolitan airport.
• Strong verbal communication skills across all levels of the organization.
• Ability to write accurate, clear, and organized communications incorporating analysis.
• Collaborative problem-solving with other departments (e.g., IT).
• Ability to document workflow and procedures.

Pay

$80,000 - $90,000 annual salary, depending on skills and experience. Annual bonus opportunity.

Benefits

• 18 days of PTO per year.
• 13 paid holidays per year.
• Medical, dental, vision, short- and long-term disability insurance.
• Life Insurance.
• Paid family leave options.
• 401k savings plan with employer match.