Portfolio Loan Associate

The Momentus Capital branded family of organizations - which includes Capital Impact Partners and CDC Small Business Finance and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member) - are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.

We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital , we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.

Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents – and our country – thrive.

Position Summary

The Portfolio Loan Associate is responsible for providing on-going support and assistance specifically to Portfolio Loan Officers (PLO) on the Portfolio & Asset Management Team. The ideal candidate will have a passion for community and economic development. The position will report to Director, Portfolio and Asset Management.

Essential Responsibilities

• Support Portfolio Loan Officers with asset management duties that consist of completing annual loan reviews, and loan financial spreading
• Complete annual loan reviews for defaulted and outstanding reviews which includes detailed analysis of borrowers financial and operational performance, economic impacts, risk assessments as well as compliance testing of financial covenants in accordance with loan documents & credit guidelines
• Work collaboratively with Portfolio Loan Officers, draft and manage borrower questions and responses in order to complete loan reviews
• Learn Capital Impact’s various sectors and geographies via ongoing participation in lending related meetings including weekly triage meetings, monthly team meetings, quarterly risk meetings, and any trainings as assigned
• Accompany Portfolio Loan Officers on site visits and participate in discussions with borrowers;
• Be proficient with loan documentation and Capital Impact’s asset management processes and systems for managing a loan from closing to loan repayment
• Assist with other projects as assigned

Requirements

• High School Diploma or equivalent education; 1 or more years of experience in a related field.
• Experience in a Community Development Financial Institution or commercial lending institution preferred
• Excellent internal and external customer service skills
• Strong attention to detail, analytical, critical thinking and organization skills
• Experience prioritizing and managing multiple assignments and meeting tight deadlines
• Able to work in a team atmosphere where his or her manager may not work in the same office
• Proficient in Microsoft Word, Excel, Google Suite. Willingness to learn specific software programs.

Benefits

The salary range for this position is $61,658.00 - $90,000.00 and may be eligible for an annual discretionary incentive.

• Structure A- $61,658- $77,073 All locations except structures B &C
• Structure B - $68,509- $85,636 Washington D.C, Maryland, Virginia (DMV), non-Bay Area CA markets, and Massachusetts
• Structure C- $75,1555- $90,000 New York, New Jersey, and the Bay Area

This role is eligible to work remotely. All employees must be legally authorized to work in the United States. The Company will not sponsor applicants for work visas.