Portfolio Analyst

BlueHub Loan Fund (BHLF), an affiliate of BlueHub Capital (BlueHub), seeks a Portfolio Analyst (PA) to support all aspects of our lending program to a diverse set of borrowers. These include real estate developers, charter school and community health center operators, and non-profit and social enterprises serving low-income families and communities. The PA will be joining the Portfolio Management team responsible for actively monitoring the financial performance of a portfolio of loans. The Portfolio Management team also plays an integral role in loan closings, loan administration, loan disbursements, and loan operations.

This position requires a highly motivated person with a commitment to community development finance and a background in lending/investment, affordable housing, education and/or real estate development. Financial statement and credit risk analysis, credit administration and loan management are core job skills. Experience with real estate project sources/uses budgets, financial projections and construction loan administration will be considered very favorably. The candidate must be a self-starter, have the demonstrated ability to work independently and effectively on several tasks simultaneously in a fast-paced environment, and have strong quantitative skills as well as strong written and verbal communication skills. The candidate must be able to work collaboratively across departments within the organization and externally with borrowers. The ideal candidate is someone who has real estate finance skills, financial and credit analysis skills combined with solid administrative experience. This position reports to the SVP of Portfolio Management.

Location: This position is Boston-based. While BlueHub’s office is open, staff are not required to work in the office at this time. BlueHub’s current return-to-work plan allows for a hybrid schedule with two days of remote work and three days of work in the office.

Background: BlueHub Capital is a mission-driven, nonprofit community development financial institution (CDFI) focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $2.4 billion (and leveraged over $12 billion) to finance:

• Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places
• Reducing financial barriers to US citizenship
• Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes
• Mortgage lending for families facing foreclosure

Reducing economic inequality is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on marginalized communities, particularly those who’ve been systematically denied access to capital. Our offices are located in the Nubian Square neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, www.bluehubcapital.org.

Essential Duties and Responsibilities:

Portfolio Management, Loan Administration, and Loan Operations (35%)

o Monitor and ensure reporting requirements such as financial statements, covenant compliance certificates, insurance, rent rolls, and charter school reporting are current and up to date.

o Communicate effectively with borrowers and serve as one of the primary points of contact for loan closing and post-closing loan management and servicing.

o Review and process funding disbursement requests, ensure proper documentation and compliance with loan funding conditions.

o Collect financial statements and reporting requirements.

o Maintain working knowledge of loan policies and procedures.

o Work closely with the Finance team to ensure correct accounting for all loans and troubleshoot all issues related to loan booking, billing, and invoicing.

o Diligently monitor and effectively address loan delinquencies, loan maturities, and loan conversions.

o Provide payoff letters and mortgage discharges.

o Maintain accurate and complete electronic credit files.

o Generate and analyze portfolio and loan activity reports.

o Onboard loans into the loan management system and Salesforce; maintain databases.

Credit and Financial Analysis (35%)

o Analyze financial statements and assess credit risk.

• Calculate and test financial covenants.
• Underwrite loan amendment requests.
• Complete annual loan reviews.
• Assess accuracy of loan risk ratings and as appropriate; recommend risk rating changes.
• Analyze and monitor lending sectors and state and municipal budgets and trends.

Loan Documentation & Closing (30%):

o Review loan documents for accuracy and consistency with approved terms.

o Coordinate the closing and funding process in conjunction with the loan officers, the Finance team, borrowers, loan participants, and legal counsel.

o Manage the flow of loan documents from the commitment stage through closing and disbursement of funds.

o Review all documents required for loan closing including title reports, escrow instructions, loan documents, surveys, environmental reports, appraisals, property condition reports, insurance and all other relevant documents.

o Open controlled bank accounts required by certain loan transactions.

o Ensure compliance with Know Your Customer policy and Office of Foreign Assets Control checks.

o Ensure compliance with all loan closing and funding requirements.

o Identify potential closing problems and recommend effective solutions to meet the needs of BHLF and our borrowers.

o Ensure electronic and database files are kept organized, maintaining an audit trail of all closing steps.

Essential Job Requirements:

· Three to five years of portfolio management or related community development experience in real estate development, charter school facilities or operations, and/or commercial lending.

· Understanding of and/or experience with commercial and construction loans.

· Financial statement and credit analysis skills.

· Understanding of real estate loan documents and basic legal terms.

· Experience with databases and CRM platforms required; experience with Salesforce preferred.

· Must have a high level of proficiency in Excel including financial modeling and pivot tables.

· Demonstrated proficiency in MS Office Suite.

· Must demonstrate a high level of attention to detail and commitment to accuracy.

· Excellent quantitative, written and verbal communication, and organizational skills.

· Superior judgment and prudent decision-making abilities.

· Demonstrates keen commitment to accuracy, timeliness, and teamwork.

· Able to build relationships internally and externally and elicit confidence by demonstrating reliability and professionalism.

· Able to work effectively in a cooperative and diverse environment.

Additional Desired Qualifications:

• Enthusiasm for and a strong commitment to BlueHub’s mission.
• Understanding of and experience with the New Markets Tax Credit program, low-income housing and historic tax credit programs, and charter schools.
• Knowledge and experience with community development real estate developers and nonprofit community-based organizations.
• Candidates who reflect the diversity of the communities we serve or have a demonstrated commitment to advancing economic development for those communities, are strongly encouraged to apply for this position.

Salary and Benefits:

Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s scale. The position comes with excellent benefits including medical, dental, life and long-term disability insurance, as well as generous vacation and employer contributions to a retirement account.

Application:

Please send a resume and cover letter to Shannon Weiss ([email protected]). No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

BlueHub Capital is an equal opportunity employer. BlueHub Capital is committed to a policy of equal employment opportunity (EEO) for all employees or applicants for employment without regard to race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws.