Hybrid Portfolio Management Associate I - Hybrid (Jackson, MS) at Hope Enterprise Corporation

HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health and wealth of people in under-resourced Deep South communities. Since 1994, these efforts have benefitted more than three million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at https://www.hopecu.org/.

Title: Portfolio Management Associate I

Department:  Commercial Lending

Reports To: Commercial Portfolio Manager

Supervises: N/A

Job Classification:  Full-time, Exempt

Location: Hybrid- Jackson, MS

The Portfolio Management Associate I will be responsible for supporting the Commercial Portfolio Manager and VP of Commercial Portfolio Management in overseeing the commercial loan portfolio. The individual will perform loan monitoring of all compliance requirements and Collateral Evaluations to ensure all HOPE Commercial Loans are properly documented, adequately underwritten, properly graded, and appropriately priced. The reviews and analyses performed by the Associate Portfolio Manager will help HOPE manage commercial loan portfolio risk by ensuring compliance with Credit Union and regulatory requirements.

Responsibilities

• Assist the Portfolio Management and Special Asset Departments with reporting, compliance monitoring and verification, and general administrative functions
• Perform regular commercial loan portfolio reviews that cover asset quality, documentation, compliance, and data entry
• Help ensure the creditworthiness of the loan portfolio, looking for changes that merit a review of lending practices and/or adverse asset classification
• Monitor portfolio diversification in accordance with policy guidance and strategic plan
• Verify quality, completeness and accuracy of supporting loan documentation and analysis
• Obtain regular back-end financials (financial statements, tax returns, rent rolls, personal financial statements, cash flow statements, etc.)
• Monitor borrower outreach by Loan Officers to help ensure borrower relationships are actively manager

Qualifications:

• Bachelor's Degree in Finance or Accounting (preferred), or equivalent experience
• Minimum of 2 years’ experience as a Commercial Credit Analyst, Portfolio Management Associate, and/or Commercial Loan Officer

Key Competencies & Skills:

• Passion for HOPE’s mission
• Highly organized and strong attention to detail
• Strong analytical, technical, and statistical skills
• Sound working knowledge of accounting principles and financial statements
• Strong computer skills, especially with Microsoft Word and Excel
• Capability to effectively present information and respond to questions from groups of lenders, managers, and/or regulatory officials
• Thorough knowledge of lending laws and regulations
• Uphold confidentiality and privacy of findings in all situations
• Demonstrate ability to prioritize and handle multiple projects
• Interact and communicate effectively with personnel at all levels of the organization

Physical Demands

• Employee is regularly required to sit, stand and walk
• Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
• Employee must regularly lift and/or move up to 10 pounds
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment:

• Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers
• Noise level in the work environment is usually moderate
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Comprehensive Benefits Package:

• Paid Vacation and Sick Time
• 11 Paid Holidays
• 401(k) with Company Match
• Medical, Dental, and Vision Benefits
• Flexible Spending Account (FSA)
• Disability Benefits
• Life Insurance, Critical Illness, Accident
• Employee Assistance Program (EAP)
• Tuition Reimbursement, Professional Development

Hope Enterprise Corporation does not participate in or engage in any form of visa sponsorship, including employment-based visa applications or extensions (e.g., H-1B, TN, O-1, OPT, STEM OPT, etc.). Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.

We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.