PORTFOLIO ASSOCIATE

Description

The Portfolio Associate supports the oversight and monitoring of OFN’s on- and off-balance sheet borrower loans and investments. This role performs financial analysis, compliance tracking, and portfolio reporting while delivering quality customer service to OFN borrowers. The Associate ensures data integrity, assists with borrower reviews, and provides analytical support for portfolio monitoring and risk management. This position requires strong attention to detail, analytical ability, and collaboration across OFN’s Investment Services teams.

OFN is the nation’s leading investment intermediary and network CDFIs serving rural, urban, and Native communities across the United States. With over $1 billion in total assets under management, OFN manages a national membership network of over 490 mission-driven lenders and CDFIs, including community development loan funds, credit unions, green banks, community development banks, minority depository institutions, and venture capital funds. OFN is a trusted investment partner to the public, private, and philanthropic sectors – foundations, corporations, banks, government agencies, and others. For more than 40 years, our team has helped partners invest in communities to catalyze change and create economic opportunities for people and places traditional finance doesn’t reach.

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People who work at OFN come from a variety of professional and academic backgrounds. If you have:

• Passion for the mission and true believer in our core purpose.
• Courage to be a fearless advocate who is confident and resilient in our fight to drive capital into low-income communities.
• Smart, quick seekers of knowledge who thrive on creating and developing new strategies, products, and programs for increasing capital to communities we serve.
• Desire to be a collaborative team player who possesses humility and a willingness to lean in all areas of our work.

Come be a part of our growing diverse, highly committed, skilled, and collaborative staff. At OFN, we are dedicated to building a diverse, inclusive workplace, so if you are excited about this role but your experience does not align perfectly with every qualification, we encourage you to apply nonetheless. You may be the right candidate for this or other roles.

This position is based in Washington, D.C. All staff currently work a hybrid schedule.

Core Responsibilities:

• Manage borrower reporting and covenant compliance, including collection and review of quarterly, semi-annual, and annual financial statements, borrowing base reports, and covenant compliance worksheets, ensure timely submission and follow up with borrowers in the event of delays or violations.
• Review borrower compliance worksheets against loan covenants and flag potential issues to senior staff.
• Provide training and technical support to borrowers on compliance reporting templates, schedules, and submission requirements.
• With support from senior staff, perform annual credit reviews of borrowers, including analysis of audited financial statements, spreading financials and calculating ratios, and preparing annual review memos.
• Spread borrower financial statements into OFN’s financial spreads template and quarterly/semi-annual performance trackers and support the analysis of financial performance and portfolio quality data.
• Analyze portfolio trends and identify vulnerabilities by interpreting borrower ratios, payment history, and external economic influences.
• Prepare waiver and modification requests by compiling borrower documentation and developing initial analyses, with support from senior staff.
• In collaboration with Credit Risk and Portfolio Management senior staff and Investment Officers, present waivers and modification requests to OFN’s credit approval bodies.
• Assist in monitoring watchlist loans and identifying early warning signs of borrower distress.
• Assist in the preparation of quarterly and annual portfolio reports, dashboards, and Credit/Investment Committee packages.
• Ensure accuracy and integrity of data in portfolio management systems (e.g., Salesforce, Excel, etc.).
• Assist in scheduling Credit Review and Investment Committee meetings, compile/distribute packages, manage follow-ups, and record meeting minutes.
• Support internal and external portfolio reporting, including inputs for third-party portfolio reviews.

Collaboration & Coordination

• Collaborate with Investment Officers, Originations, and Investment Operations teams to ensure smooth handoffs from loan closing to active portfolio management.
• Work closely with Investment Officers on annual reviews as well as waiver and modification requests to ensure thorough analysis and timely approvals.
• Assist