Portfolio Associate

Loan Servicing & Asset Management
●       Receive asset management requests, including refinancing, subordination requests, and other loan modification requests from borrowers.

●       Ensure each borrower is current, or brings their project current, on compliance requirements prior to approval of pending loan modifications.

●       Review borrower requests for complete documentation and notify borrowers of the need for additional documentation as well as the asset management fee.

●       Maintain summary reports of outstanding requests and documentation matters.

●       Assist project managers and senior management with the review and processing of borrower requests.

●       Track upcoming maturity dates for state supportive housing loans and coordinate extension requests and due diligence review with project managers and the Director of Supportive Housing.

HLC Portfolio Monitoring & Compliance
●       Assist HLC in monitoring the supportive housing loan portfolio; coordinate with HLC's monitoring consultants to track borrowers' compliance, including submission of monitoring reports and compliance materials for supportive housing loans.

●       Receive and review annual borrower cashflow reporting and assist borrowers to complete cashflow reports as needed.

●       Bring compliance issues to the CFO & COO and assist with the resolution of those issues as needed.

Legal & Documentation Support
●       Assist with the assignment and appointment of attorneys for the FCF loan program.

●       Perform quality control review of loan documents related to supportive housing loan programs prior to execution, and forward to CEDAC's authorized signatories for execution.

Funding Rounds & Database Management
●       Coordinate CEDAC's participation in state subordinate debt funding rounds with the Director of Supportive Housing, assisting with scheduling, preparing agendas, and summarizing funding recommendations to HLC.

●       Record project information in the lending database following HLC's press release announcing funding awards.

Loan Closings
●       Receive closing binders from staff and legal counsel responsible for permanent loan closings, update the program database, and ensure closing materials are properly filed.

Grant Support — Children's Investment Fund
●       Provide grant closing support for the capital grant portfolio: review draft grant agreements, obtain authorized signatures, receive and save closing binders, and update the lending database.

●       Provide compliance tracking support for the capital grant portfolio: maintain the tracking tool, email grantees compliance deadlines, receive and file compliance material, and update the lending database.

Audit, Archiving & Administrative Support
●       Respond to audit confirmation requests from borrowers and oversee the work of administrative support staff assisting with the completion of requests.

●       Archive closing materials and maintain specific components of the Lending Database.

●       Assist with digitizing documents to replace paper archives.

●       Assist Housing and Information Technology staff in responding to data requests from partner agencies.

●       Attend program, department, and agency-wide meetings to foster communication and collaboration.

●       Assist staff members with other tasks as needed.