Local Initiatives Support Corporation (LISC)

Manager

• Oversee the management of the Small Business loan portfolio, spanning numerous product types and regions and serve as the workout lead for challenged loans.
• Position requires proactive oversight of and direct portfolio management of closed small business loans, including the following:
• Risk rating of loans and preparation of portfolio performance reports for committee review.
• Prepare quarterly loan watch reports and presenting to committee for review.
• Ensure that loan disbursements are communicated to and recorded accurately by LISC and CDC Small Business loan servicing personnel.
• Communicate with borrowers with regards to pending maturity dates, late payments and loan covenant compliance.
• Analyze loan performance against underwriting projections to identify any potential loan repayment problems.
• Identify, prioritize and engage in problem solving with borrowers and offer recommendations when issues arise.
• Review and track insurance certificates for active loans.
• Prepare post-closing amendment requests per LISC guidelines.
• Support the closing of loan amendments and restructurings by reviewing loan documentation to ensure that all deliverables have been provided and that legal documentation is consistent with credit approval.
• Make recommendations to enhance the structure of stressed credits.
• Negotiate workout and restructuring terms with borrowers and guarantors.
• Provide quantitative and qualitative rationale for proposed write-offs and prepare write-off memos.
• Management of the Small Business Asset Manager. Responsibilities include:
• Providing on-going training and advice on credit analysis and portfolio management
• Setting clear expectations and KPIs
• Conducting regular check-ins and providing feedback
• Reviewing the Asset Manager’s work including Loan Watch and Portfolio Monitoring reports and providing feedback on structure, consistency and quality.
• Work closely with LISC’s Small Business loan closer and CDC Small Business on the hand-off of closed loans.
• Ensure that, on a monthly basis, CDC Small Business submits a trial balance, remittance report, and a summary of any transaction adjustments, that LISC’s Loan Administration has confirmed receipt of monthly remittances, and that the Small Business Lending Asset Manager has reconciled the trial balance and provided a summary to the Chief Credit Officer, Vice President, Small Business Lending, and Loan Administration.
• Ensure the data in LISC’s loan administration system is consistent with loan approval terms and legal documents.
• Perform additional loan monitoring on individual loans and prepare reports on as-needed basis.
• Other duties as assigned

Senior Asset Manager – Small Business Lending