Asset Manager - Lending at Local Initiatives Support Corporation | Torre
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Full-time
Compensation
USD82k - 102k/year
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New York, New York, United States
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Posted over 2 years ago

Requirements and responsibilities


Since 1979, LISC and its affiliates have invested approximately $29.7 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment, and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 38 markets with offices extending from Buffalo to San Francisco and in 2,400 rural counties across 49 states and Puerto Rico. Local Initiatives Support Corporation (LISC) is seeking qualified candidates to fill the position of an Asset Manager. This position will be part of LISC’s Lending Department and will report to LISC’s Director of Asset Management and work in close coordination with lending staff in the field as well as, other members of LISC’s Lending and Legal departments. The Asset Manager will be responsible for assisting the Director of Asset Management with monitoring, tracking and reporting on LISC’s portfolio, managing work-outs and contributing to other facets of the Lending Department’s work as needed. Responsibilities: - Manage a loan portfolio, spanning numerous product and project types provided by LISC as part of its community development - Risk Rating assets and preparing portfolio performance reports for committee - Writing quarterly loan watch reports and presenting to committee for Monitoring disbursements on Lines of Credit and Pre-Development - Communicating with borrowers in regards to pending maturity dates, late payments and other loan covenant - Analyze loan performance against underwriting projections to identify any potential loan repayment - Identify, prioritize and engage in problem solving with borrowers and offer recommendations when issues - Review and track insurance certificates for active loans - Prepare post-closing amendments per LISC - Prepare write off memos for - Ensure the quality of data in LISC’s loan administration system, including development of policies and procedures for data collection and quality maintenance, inputting and maintenance of data, and oversight of the management and use of data - Perform additional loan monitoring on individual loans and prepare reports on as as-needed basis - Interact with LISC staff to provide accurate and timely information - Perform additional duties, as required
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