Portfolio Associate Job Vacancy in Equitable Facilities Fund (EFF) New York, NY – Latest Jobs in New York, NY
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Company Name : Equitable Facilities Fund (EFF)
Location : New York, NY
Position : Portfolio Associate
Job Description : Portfolio Associate
Job Description
About Equitable Facilities Fund (EFF)
Equitable Facilities Fund (EFF) is a nonprofit social impact fund that’s on a nationwide mission to help high-performing public charter schools spend more money on students and less on the costs of borrowing for their facilities. We offer school leaders simple and much-needed access to low-cost loans combined with support from an expert team that has walked in their shoes.
To date, EFF has committed over $600 million to schools serving 50,000 students, providing them with funding to amplify their impact. Equity is at the core of our mission, and we invest in schools that create opportunities for students and communities that have traditionally been denied access to high-quality educational opportunities.
If you’re seeking to have a community-level impact on a national scale, apply to join our team!
The Opportunity
The Portfolio Associate will play a critical role in EFF’s efforts to provide over $2 billion of affordable charter school facility financing by 2026. Reporting to the Chief Credit Officer, the Associate will support the closing, monitoring, and management of a high-impact portfolio of school loans. The ideal candidate will possess excellent project management skills, enthusiastically approach the sometimes-ambiguous work of a startup, and contribute to building a collaborative, team-oriented culture of excellence.
Responsibilities
The Portfolio Associate will be responsible for:
Loan Closing Coordination: Managing working group calls, coordinating loan document creation and execution, finalizing loan numbers and funding procedures, and owning responsibility for overall successful loan closing processes.
Post-Closing Support: Coordinating all post-closing loan-related events that relate to construction draws, follow-up with third-party participants, affect documentation, numbers or require a new amortization schedule.
Loan Monitoring: Managing loan monitoring, annual review, and continuing disclosure processes. Working with teammates and schools to ensure compliance deadlines and reporting requirements are met as well as troubleshooting any issues that are surfaced during the monitoring process.
Portfolio Monitoring: Working closely with Chief Credit Officer to track and report on portfolio level information as relates to financial, operational, and tax covenant compliance and data to ensure timely reporting to Credit Committee and Board of Directors.
Data Integrity: Supporting the maintenance of a database of school and deal-related information including financial, project, enrollment, and academic data.
Organizational Excellence: Partaking in team-building, strategic planning, and goal-setting processes.
Special Projects: Depending on skills and interests, opportunities to lead and support special projects designed to advance EFF’s mission and efforts to serve more schools.
Qualifications
3+ years of overall professional experience
1-2+ years of experience in community and/or commercial lending, asset management, investment banking, charter school financial management, and/or impact investing
Unyielding commitment to EFF’s mission to ameliorate educational, financial, and racial inequities
Demonstrated advocacy for diversity, equity, and inclusion in workplace and investment practices
Experience with project management, debt financing and supporting lending processes strongly preferred
Strong attention to detail, problem-solving skills and an ability to think “outside the box” and pivot as needed to support a growing business
Customer service orientation and ability to collaborate across functional areas
High degree of integrity and authenticity and a good sense of humor
Willingness to travel 10-25% of time
Compensation & Benefits
The salary for this position is $90,000 – $100,000 for NYC hires; or $80,000 – $90,000 for Nashville, TN hires. Compensation is competitive and commensurate with experience. We are proud to offer excellent benefits.
Location
New York City, NY or Nashville, TN residence preferred.This role is expected to travel to NYC for approximately 3-4 days each month.
Reporting Relationship
The Portfolio Associate will report to the Chief Credit Officer.
This post is listed Under New York jobs
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