Vice President of Portfolio Management

About Civic Builders:

Civic is the nation’s leading nonprofit lender and developer, bringing high-quality education to students through the development of public charter schools. Since 2002, we have supported the growth of 104 schools nationwide, educating more than 51,254 students annually with a 92% graduation rate. We offer school facility development services, access to low-cost capital, and strategic advisory services to public charter schools. Our portfolio represents $1.5 billion invested into under-resourced communities to ensure access to safe, positive, and student-centered learning environments.

In partnership with the Walton Family Foundation, Civic has created the Facilities Investment Fund (FIF) and invested over $262M to finance facilities for high-performing charter schools and networks, impacting over 15,000 students and their surrounding communities.

About the Position:

Civic Builders is currently seeking an Asset Manager, Portfolio and Lending, to support our growing portfolio of charter school facilities & loans. Reporting to the VP of Portfolio Management, the Asset Manager will manage a portfolio of charter school loans. The position requires strong financial acumen, project management skills and plays a critical role in monitoring the financial health of our school borrowers, ensuring regulatory compliance and maintaining strong relationships with the schools and key stakeholders.

Responsibilities:

The responsibilities of the position include charter school financial reporting; loan covenant compliance; onboarding new schools into the portfolio and maintaining ongoing relationships; reviewing and processing construction draw requests and monitoring project and budget to completion; reviewing loan agreements; collecting, reviewing and analyzing school data including financial statements, budgets, enrollment, impact metrics, insurance coverage, academic performance and growth measures.

Portfolio Management and Reporting:

• Monitor and evaluate a portfolio of loans, tracking financial performance and impact metrics; ensuring all reporting and financial requirements are met such as receipt of financial statements, covenant compliance certificates, enrollment reporting, charter renewals and insurance coverage renewals.
• Analyze borrower financial statements and assess loan performance against underwriting assumptions identifying any issues or risks that may impact repayment.
• Support loan closings, reviewing loan documents for consistency with approvals and required covenants and reporting, coordinate insurance review, and closing disbursement.
• Review and approve disbursement requests.
• Review and analyze all required reporting from borrowers.
• Prepare amendment memos for any loan modifications, extensions, waivers and risk rating adjustments.
• Prepare periodic portfolio monitoring reports, covenant calculations and risk rating analysis.
• Identify, prioritize, and engage in problem solving including defaults and elevate as necessary if work-outs are needed. Collaborate with internal teams, other lenders, borrowers and other stakeholders on work outs.
• Complete annual reviews of portfolio schools including financials, loan covenants and academic results.
• Prepare outgoing reporting to various lenders, funders, and governmental agencies.

Data and Compliance System Management:

• Maintain the compliance reporting system called Epicenter used by charter schools.
• Maintain Excel based compliance trackers.
• Maintain updates to the Salesforce system.

Stakeholder Engagement:

• Hold ongoing monitoring status updates calls with charter school leadership, lenders and other stakeholders.
• Establish and maintain strong and positive long term working relationships with charter school borrowers.
• Prepare and present portfolio performance materials at internal meetings and for stakeholders.

Loan Closings through Maturity:

• Perform Asset Manager functions as part of loan transactional underwriting and closing processes working with lenders and accounting teams.
• Perform Asset Manager functions from closing through facility construction to maturity of loan.

Professional Development & Special Projects:

• Participate in networking opportunities.
• Participate in training to enhance knowledge of community development finance and the charter school sector.
• Contribute to internal process improvements and strategic initiatives aligned with Civic Builder’s mission.

Qualifications:

• Bachelor’s degree required
• 5-7 years of relevant experience, ideally within the sectors of real estate finance, non-profit lending, or real estate development. Government, tax credit or other special funding program experience a plus
• Self-starter with the ability to take the initiative, problem solve, and drive resolutions
• Work collaboratively with numerous teams both internal and external
• Prioritize and manage competing priorities under tight deadlines
• Familiar with charter school financial statements and annual audits
• Strong financial skills, able to calculate financial compliance ratios
• Attention to detail and a high level of accuracy
• Proficient in Excel
• Excellent written and verbal communication skills
• Experience in the charter school education sector a plus
• Commitment to Civic Builder’s mission

Commitment to Diversity, Equity and Inclusion:

Civic Builders believes that diversity, in all its forms, enriches society and our organization. Because we support students in the highest-need neighborhoods, we have a particular charge to understand our schools and their communities. When our staff, board, and partners reflect, value and embrace the voices and perspectives of those most impacted by what we do, we have a deeper understanding and connection to their needs and more effectively achieve our aspiration of improving lives, revitalizing communities, and helping children receive the education they deserve.

We are an Equal Opportunity Employer:

Civic Builders is an equal opportunity employer and welcomes candidates from diverse backgrounds and perspectives. Civic Builders provides employees with a safe and welcoming environment free of discrimination and harassment.

As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate.

• Civic is located in New York City and has a hybrid, collaborative work environment. Local team members, and the Asset Manager, Portfolio and Lending work at least two days in our NYC office with telework the rest of the week. We will consider remote work for someone with sufficient asset management experience.
• Civic Builders offers a competitive salary commensurate with relevant work experience, and may be adjusted for cost of living based on location. The salary range for this role is $105,000 - $118,000. Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.
• We want you to be well and thrive. Our excellent benefits package includes medical, dental, and vision coverage, up to 4% employer match 401(k), and generous PTO.
• Additional benefits and perks include flexible spending accounts (FSA) and health savings accounts (HSA), short-term & long-term disability insurances, group term life insurance, commuter benefits program, 12 weeks paid parental/family leave, cell phone plan reimbursement and equipment replacement, professional development reimbursement, home office setup, and social and educational outings.