Senior Manager or Director, Credit & Portfolio Management
RSF Social Finance is an impact-focused financial intermediary committed to reimagining and transforming the economy. Centering relationships, RSF uses the tools of finance to bring about positive, real-world change. Through lending, investing and giving we change the way people relate to and activate money. We connect social enterprises with various forms of capital to contribute to a more just, regenerative, and compassionate world. As a not-for-profit, RSF supports a broad range of social enterprises in the fields of Food & Agriculture, Education & the Arts, and Climate & the Environment. Primary services include our investing and lending programs and philanthropic programs and services. In partnership with our investors and donors, RSF has made over $800 million in loans and grants since 1984, placing us in the top tier of social finance organizations worldwide.
This is an exciting opportunity to support and grow RSF’s lending program. This position is responsible for underwriting new loans and credit review of existing loans by performing a diligent and thorough research and analysis in accordance with RSF Social Finance underwriting, philosophy, and culture while achieving growth and profitability objectives. The Senior Manager or Director of Credit & Portfolio Management develops and fosters professional relationships with internal and external stakeholders. This position requires a high level of technical expertise and sound judgement while producing consistent and timely results.
Knowledge of all facets of commercial lending and loan processing, including origination, processing, and closing is required. This position serves as a critical central touch point for building and maintaining external relationships with assigned borrowers, mentoring lending managers particularly on complex or troubled credits, and working with documentation and internal and external counsel to close transactions in a timely manner.
Credit & Underwriting (45%):
- Perform credit analysis and underwrite Social Investment Fund loan applications to determine eligibility of request, ensuring compliance with RSF Social Finance policies and procedures.
- Review and evaluate credit data provided by relationship managers/borrowers/loan applications and analyze annual financial data and sources of financial information to determine profitability and qualification of loan. Based on completed analyses and using approved format:
- Coordinate with the Lending Manager to ensure the required financial information required for new loans is collected from the borrower and prepared in proper format.
- Ensure that Risk Rating Calculators are prepared in an accurate and timely manner.
- Review all property inspections prepared by the lending managers.
- Perform all key ratios to determine borrower/project strength and compliance with RSF credit policies and procedures.
- Analyze loan collateral including collateral reports, appraisals and property condition reports and overall strength of the borrower/applicant. Recommend the addition of collateral, guarantors, or alternative loan terms or underwriting enhancements as necessary.
- Recommend the terms of conditions and covenants for each loan.
- Prepare the loan presentation document to support and evaluate the loan request, determine credit quality for loan grading purposes, make recommendations, and identify the potential risks associated with the proposed credit. Discuss any adverse credit issues with the Vice President of Lending.
- Define loan documentation requirements for transactions, review existing loan documentation for accuracy against the approval, in relation to each credit reviewed.
- Ensure all due diligence and background evaluation is complete and thorough before credit approval is granted.
- Prepare the narrative portion of the Credit Memo in coordination with the Lending Managers.
- Ensure that all loan files presented to Credit Committee have been properly reviewed and prepared and are pre-approved prior to presentation by the Vice President of Lending or respective committees.
- Verify that all the conditions of approval are met and approve/decline any exceptions to the conditions of approval prior to signing/closing.
- Review new loan documentation prior to signing/closing for accuracy and for accuracy against the approval, in relation to each loan.
- Support disbursement process as needed.
Portfolio Management (45%):
- Serve as primary point of contact for certain assigned relationships.
Perform credit analysis and underwrite/leads renewal process for existing assigned loan relationships.
- Responsible for completing credit action form for change in terms related to modifications, waivers and restructures of assigned Borrowers.
- Perform financial analysis of existing borrowers to provide an overall assessment of debt service potential, business financial viability and strength of guarantors for credit support. Such analysis will include cash flow, tax return details, ratio analysis, profit and loss and balance sheet assessments for the borrower and supporting guarantors.
- Responsible for covenant calculations and financial statement tracking in the Sageworks system working in coordination with the Lending Managers or directly with Borrowers where the primary point of contact.
- Analyze the quality of collateral as to value and credit support for current or requested credit transactions. Define perfection requirements for collateral.
- Define appropriate structure and pricing for transactions/relationships assigned, including new and existing relationships and workouts/troubled debt restructures.
- Ensure that all existing credit files are well organized and updated with current financials and other documentation required in the business loan agreement.
- Responsible for Credit Committee presentations/Troubled Loan Committee and Board Loan Committee discussions as requested by the VP of Lending.
- Lead/Facilitate the Troubled Loan Committee and lead process for related reporting to the board.
- Help manage loan reviews, assists as needed with external auditors, internal audit and credit examinations.
- Prepare and present troubled loan reports for assigned credits to Troubled Loan Committee and Board Loan Committee as required by the VP of Lending.
- Lead commercial loan work-throughs, collateral evaluations and liquidations for assigned credits.
- Serve as a back-up for loan disbursements.
- Perform annual reviews on existing credits in accordance with defined policy and annual review/renewal schedule. Primary duties include:
- Work with borrowers to obtain current financial information and any guarantors.
- Using defined analysis format, document results of analysis highlighting areas of developing concern that will be discussed with Vice President of Lending and/or related committees.
- Prepare final risk rating document including the assessment of the risk grade to be assigned to credit/relationship.
- Maintain current working knowledge of commercial lending industry, which, may include the following:
- Independently research and analyze company and industry data, including state, local and federal publications and newspapers.
- Participate in training to enhance financial analysis skills.
- Maintain business, collateral, real estate and industry knowledge through education and reading material.
Mentorship & Other Duties (10%):
- Provide mentorship to lending team members about credit, structuring and relationship management.
- Prepare Allowance for Loan and Lease Losses (ALLL) which includes performing impairments estimates for review and approval of charge offs and changes to the loan loss reserves by the VP of Lending.
- Make recommendations concerning loan policy and procedures.
- Ensure compliance with regulations and other federal and state regulations pertinent to this position.
- Create annual loan cash flow for revenue projections and provide periodic forecast updates to VP of Lending & Finance Department.
- Perform related duties and responsibilities as directed by VP of Lending.
- BA or BS in Business, Finance, Economics, or related field required.
- 7-15 years’ experience in all facets of commercial loan origination, underwriting and servicing.
- 3-5 years’ experience with loan restructures, workouts and/or special or troubled assets.
- Collaborative leader and culture carrier with demonstrated commitment to diversity and inclusion.
- Commitment to the purpose, values, and operating principles that inform RSF’s work.
- Knowledge of Nortridge Loan System or similar financial services core processing data management system strongly preferred.
- Strong customer service orientation essential.
- Strong verbal and written communication skills, critical thinking, and ability to analyze and solve problems.
- Experience in commercial loan underwriting and structuring, loan documentation, and software systems, California lending regulations, some commercial law.
- Demonstrated ability to work independently, multi-task, and work in a fast-paced environment.
- Experience with data entry.
- Ability to perform duties efficiently and effectively with accuracy and within designated timeframes.
- PC proficient, including MS Office Suite (Expert level Word and Excel skills required).
- Knowledge of MS SharePoint preferred.
- May be located anywhere in the US, provided the employee attends meetings in the Bay Area.
- Must be able to work during RSF’s regular Pacific Time office hours.
- Must be able to travel to prospective and existing client sites around the U.S.
RSF Social Finance is an equal opportunity employer; candidates representing a diversity in backgrounds are encouraged to apply.
Please send your cover letter and resume to firstname.lastname@example.org.