Position Title: Asset and Portfolio Manager



Position Title: Asset Manager

Department: Enterprise Risk Management

Reports to: SVP and Chief Risk Officer

DATE: February 2019

POSITION SUMMARY:

The Asset Manager monitors the performance of business loans serviced by CRF to ensure repayment. Responsibilities for this position are accomplished by working individually and in teams with staff, consultants and legal counsel. The Asset Manager will contribute ideas and suggestions in an effort to continually improve our internal processes. The Asset Manager reports to and works under the direction of the Asset Management Supervisor or the Chief Risk Officer and is an essential part of meeting CRF’s fiduciary responsibilities and contributing to the overall growth, stability and profitability of CRF.

ADDITIONAL RESPONSIBILITIES:

• Model and support of CRF’s Mission, Vision and Values.

• Awareness and support of the development and implementation CRF’s Strategic Plan.

• Communicate effectively with Superiors, colleagues, and staff using standard communication channels, platforms and schedules.

• Participate in the continual revision and improvement of processes and procedures to enhance organizational growth.

• Understanding and adherence to the Compliance requirements for this position.

• Promote effective collaboration across the organization and network.

• Belief in and practice of CRF’s Diversity, Equity and inclusion philosophy. Modeling behavior that inspires dialogue, learning and cross-cultural exchange.

MINIMUM REQUIREMENTS:

Associate or Undergraduate Degree and five years Asset Management experience (or a combination of education, experience and understanding) in business lending workout and knowledge of legal processes governing commercial loans. Experience with residential default management can be considered partial equivalent experience. Degree in finance, accounting, business or similar discipline is preferred.

GENERAL COMPUTER LITERACY:

Have strong working knowledge of computer technology, including hardware, loan servicing software application software, and Internet usage. Must have skill with Microsoft Office Suite, especially Word, and Excel; and other office productivity tools.

ESSENTIAL SKILLS AND ACCOUNTABILITIES: (List the skills required to be successful in this position as well as 5 to 7 major responsibilities of the position in order of priority. Estimate percentage of time spent fulfilling these duties each year.)

| ESSENTIAL SKILLS |

|Specific Industry Knowledge: |

|Working knowledge of and ability to apply default management, foreclosure and bankruptcy processes to collections and recovery |

|efforts. |

|Prior commercial loan (business equipment and real estate) portfolio management experience helpful. |

|Knowledge of insurance coverages, UCC, loan servicing procedures, compliance / regulation, and general risk management helpful. |

|Experience working with or knowledge of community development finance industry is helpful. |

|Some knowledge of business law, commercial finance contracting, collateral and lien perfection. |

|Time Management and Accountability: |

|Able to prioritize responsibilities, organize work effort, complete responsibilities and provide action recommendations in a timely |

|manner. |

|Strong time management skills and the ability to multi task. |

|Diligently perform duties in an efficient and professional manner while effectively handling a high volume of assignments. |

|Accept accountability - able to accomplish tasks with limited supervision. |

|Ability to foresee and diagnose problems, separating essential from non-essential variables; seek and obtain support for actions; |

|engage and request appropriate resources needed to resolve an issue; then pursue / follow an issue through to preferable resolution. |

|ESSENTIAL ACCOUNTABILITIES |Percent of Time |

|Portfolio Management and Collections/Loss Mitigation and Recovery: |5 |

|Work to maintain and improve portfolio performance, including collection of loans to prevent delinquency or |50% |

|financial losses. | |

|Help resolve borrower and loan problems, working with borrowers to address and assist working out of problems, | |

|recommend repayment plans and achieve loan performance consistent with company goals. | |

|Document recommended actions and present to credit approvers. | |

|Prepare and coordinate legal documentation, obtaining assistance and input from internal management and outside | |

|third parties, as needed. | |

|Address and complete loss avoidance or recovery activities on defaulted loans, such as foreclosures, bankruptcies, | |

|REO management. | |

|Assist marketing / listing strategies to dispose of REO per corporate policy and objectives. | |

|Develop written analysis of the request and key credit factors. | |

|Once approved, work with the appropriate parties, communicating progress and following up on questions and open | |

|items; implementing solutions as directed. | |

|Loan Reviews and Modifications: | |

|Perform annual and periodic loan reviews, including financial condition and performance of obligors, compliance |30% |

|with loan requirements, and other factors to recommend a risk ranking and provision levels; review and spread | |

|financial statements and tax returns using financial analysis tools. | |

|Review, analyze, negotiate, process and close less complex modification, assumption, extension, waiver and consent | |

|requests; structuring solutions in compliance with CRF procedures and investor requirements. Obtain approvals as | |

|necessary | |

|Assist in the analysis and completion of complex loan modification requests, as directed. | |

|Follow-up and monitor compliance with revised terms, and address subsequent issues or changes as required. | |

|Reporting: | |

|Support preparation of accurate, timely portfolio reports as required by CRF and investors regarding portfolio |5% |

|performance, and other purposes. | |

|Assist or prepare written reports and recommendations for presentation to management. | |

|Internal/External Communication and Data: |1 |

|Develop and maintain effective working relationships with CRF staff, auditors, lending partners, borrowers and |10% |

|others as required, resulting in coordinated and consistent interaction with others. | |

|Ability to work cooperatively with a varied group of individuals to make the work of the group successful and | |

|effective | |

|Provide strong customer service with firmness and professionalism, reflecting CRF’s mission. | |

|Document contacts and servicing action taken in loan servicing and other CRF systems. | |

|Update and maintain accuracy in databases utilized for tracking the assumption, modification, waiver and consent | |

|transactions received. | |

|Internal Processes: | |

|Follow requirements of internal processes as directed. |5% |

|Recognize and provide occasional recommendations to support an environment of process improvements and best | |

|practices. | |

|Monitor processes and recommend changes to support an environment of process improvements and best practices. | |

|Other miscellaneous duties as assigned. |5 |

ORGANIZATIONAL POSITION

Direct Reports: None

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Sitting. While performing the duties of this job, specific activities require close vision with repetitive hand and finger motions. The employee must occasionally lift and/or move up to 25 pounds.

TRAVEL

Occasional overnight travel is required. Estimated to be 8-10 nights per year - includes entire continental US.

ENVIRONMENTAL FACTORS

Work alone and with others. Work around others. Customer/Public contact.

The above content is intended to describe the general type and level of work performed. Other work will be assigned in accordance with annual planning and operation plans. It is not intended to be all-inclusive.

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