Portfolio Risk Management Executive
1 week ago
At Recooty, we're seeking a seasoned Portfolio Risk Management Executive to oversee our complex loan portfolio. This is a senior-level position requiring expertise in multifamily real estate finance, specifically in community development and affordable housing lending.
Funding Oversight- We're looking for someone to proactively monitor funding closures, review status reports, and ensure compliance with credit policies.
- Responsibilities include designing procedures to enhance and/or automate Portfolio Management functions, especially as it relates to database reporting.
- The ideal candidate will analyze quarterly financial reports and project status updates from borrowers, identifying early warning signs of trouble and implementing risk mitigation strategies.
- Our ideal candidate will have knowledge of collateral management, including insurance, property tax compliance, appraisal, and reserve requirements.
- They'll work closely with the Loan Administrator to maintain accurate records and ensure timely payments of real estate taxes, insurance, and other escrows.
- A Bachelor's degree in business, finance, economics, or accounting; an advanced degree in a relevant field (finance, planning) is preferred.
- At least 5 years of experience in portfolio management, preferably in a Technology start-up or structured financial institution.
- A strong background in multifamily real estate finance, community development, and affordable housing lending.
- Excellent analytical skills, proficiency in financial statement analysis, and ability to create amortization schedules and cash flow spreadsheets.
- Knowledge of federal and state real estate development subsidy programs serving urban and rural areas.
As a key member of our team, this role offers a competitive salary range of $120,000 - $180,000 per year, depending on experience.
In addition to a comprehensive benefits package, you'll enjoy opportunities for growth and professional development in a mission-driven organization dedicated to community development.
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