Portfolio Manager
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Portfolio Manager

STATUS: Full-time, Exempt

The Portfolio Manager reports to the CFO with dotted line responsibility to the WEI Executive Director. This position requires collaboration with the finance team and across the State with all loan managers.

The Portfolio Manager is responsible for the proactive management of MWF loans post- close to monitor borrower compliance, identifying areas of risk, evaluating borrowers’ long-term viability/performance and proactively mitigating potential defaults and loan loss.

Manage a portfolio of up to 150 borrowers and loans, including coordination with originating lender, serve as borrower’s primary post-close contact for monitoring, servicing, modifications and new loan requests.

  • Conduct post-close review of loan terms and conditions to verify all necessary information is in the loan systems in order to properly monitor ongoing compliance and key reporting and performance dates.
  • Submit ACH payment requests through the bank for timely loan repayments; conduct reconciliations of payments made following each ACH batch
  • Periodic collection, review and analysis of financial and other reporting information for risk monitoring and updated risk recertification.
  • Periodic site visits to assess borrower’s financial health, check collateral condition where warranted and identify relationship issues and/or opportunities.
  • Work with borrower to address compliance issues, delinquency and any required modifications to loan terms and conditions.
  • Make recommendations on loan risk ratings and perform analysis on collateral value and potential loan loss.
  • Maintain accurate and complete loan files and support as needed for portfolio or borrower information, including timely database management of all loans in the DownHome system; update master loan funds availability schedule at least monthly.

Implement as required MWF delinquent and troubled loan procedures and policies:

  • Monitor borrower delinquencies to resolve payment problems and other borrower related issues; implement default processes including managing notice and other legal requirements
  • Proactively manage borrower delinquencies through meetings with borrowers; requiring, obtaining, and reviewing borrower financial and cash flow statements; and developing action plans for remedying delinquencies.
  • Develop loan workout or restructuring recommendations on chronically delinquent or nonperforming loans.
  • Monitor workouts by collecting and reviewing financial statements and other required information and ensure continuing borrower compliance with workout agreements.
  • Oversee foreclosure process including notice and other legal requirements; collaborate with outside legal counsel; identify loan loss reserve impact and assure any funds required to maintain collateral minimums are identified.
  • Analyze recovery options; identify strategies, budgets and resources to manage and liquidate owned assets.
  • Work with WEI Executive Director and CFO on collateral protection and disposition issues.
  • Update Loan Committee on asset status and document and make recommendations for specific reserves and write downs.

Support compliance with portfolio and collateral monitoring procedures and assess and test portfolio quality:

  • Maintain a robust tracking system for loan and collateral reporting/compliance requirements.
  • Identify trends and risk issues that may impact portfolio sectors or geographies. Support portfolio reviews or stress testing.
  • Recommend modifications to policies, procedures or risk rating methods to improve risk identification and mitigation.

Other duties as assigned.


  • Achieves lending and program goals for portfolio performance, risk identification and relationship deepening.
  • Recommends solutions to identified issues and problems relating to loan program implementation.
  • Works effectively with troubled borrowers to achieve constructive workout solutions.
  • Achieves accurate and thorough assessment of risk issues, optimal solutions and costs to achieve including costs to carry nonperforming assets.
  • Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.
  • Models personal accountability that promotes ownership and engagement.
  • Builds and maintains effective working relationships with colleagues, peers and team members.
  • Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.
  • Has the ability to work well under pressure, multi-task with frequent interruptions, handle multiple priorities and meet deadlines; must have the ability to work independently with little or no supervision.
  • Establishes and maintains professional, productive and courteous interactions and promotes positive teamwork with other MWF team members, volunteers, donors, and borrowers.


Education: Bachelor’s degree strongly preferred, in business, accounting, finance, or community development.

Previous Experience: Minimum of five years’ experience in commercial or nonprofit lending required. Some experience working successfully through delinquent loans. Demonstrated competency in commercial portfolio compliance disciplines and terminology, high-level credit and financial analysis, underwriting policies and procedures, and loan restructuring.

Special Knowledge & Skills:

  • Good Interpersonal skills.
  • High level written and oral presentation skills.
  • Strong Microsoft skills, with a proficiency in Excel and working in databases.
  • Ability to think creatively about problems and resolve them timely.

Note: this position requires the ability to travel across the State as needed.
Michigan Women Forward reserves the right to change, amend, add, delete, and otherwise assign any and all duties, responsibilities and position title as it deems necessary to meet the needs of its business.
Michigan Women Forward is an at-will employer. This means that the employment relationship may be ended at any time without notice by the employer or employee for any reason. Neither this document, nor any manual issued by the Michigan Women Forward, is a contract of employment.

Job Type: Full Time
Job Location: Detroit

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