Back to jobs
New

Senior Asset Manager – Small Business Lending

Hybrid; New York City - LISC National Headquarters

LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities.

 

 Position Description 

Local Initiatives Support Corporation (LISC) is seeking a qualified candidate to fill the position of Senior Asset Manager specializing in Small Business Lending. This position will be part of LISC’s Lending Department and will report to the Director of Asset Management as well as work in close coordination with Small Business Lending staff. This position will be responsible for assisting the Director of Asset Management with monitoring, tracking and reporting on LISC’s Small Business loan portfolio and contributing to other facets of the Lending Department’s work as needed.   

 

The primary duties of the position include:  

  • Oversee the management of the Small Business loan portfolio, spanning numerous product types and regions and serve as the workout lead for challenged loans.
  • Position requires proactive oversight of and direct portfolio management of closed small business loans, including the following:
  • Risk rating of loans and preparation of portfolio performance reports for committee review.
  • Prepare quarterly loan watch reports and presenting to committee for review.
  • Ensure that loan disbursements are communicated to and recorded accurately by LISC and CDC Small Business loan servicing personnel.
  • Communicate with borrowers with regards to pending maturity dates, late payments and loan covenant compliance.
  • Analyze loan performance against underwriting projections to identify any potential loan repayment problems.
  • Identify, prioritize and engage in problem solving with borrowers and offer recommendations when issues arise.
  • Review and track insurance certificates for active loans.
  • Prepare post-closing amendment requests per LISC guidelines.
  • Support the closing of loan amendments and restructurings by reviewing loan documentation to ensure that all deliverables have been provided and that legal documentation is consistent with credit approval.
  • Make recommendations to enhance the structure of stressed credits.
  • Negotiate workout and restructuring terms with borrowers and guarantors.
  • Provide quantitative and qualitative rationale for proposed write-offs and prepare write-off memos.
  • Management of the Small Business Asset Manager. Responsibilities include:
      • Providing on-going training and advice on credit analysis and portfolio management
      • Setting clear expectations and KPIs
      • Conducting regular check-ins and providing feedback
      • Reviewing the Asset Manager’s work including Loan Watch and Portfolio Monitoring reports and providing feedback on structure, consistency and quality
  • Work closely with LISC’s Small Business loan closer and CDC Small Business on the hand-off of closed loans.
  • Ensure that, on a monthly basis, CDC Small Business submits a trial balance, remittance report, and a summary of any transaction adjustments, that LISC’s Loan Administration has confirmed receipt of monthly remittances, and that the Small Business Lending Asset Manager has reconciled the trial balance and provided a summary to the Chief Credit Officer, Vice President, Small Business Lending, and Loan Administration.
  • Ensure the data in LISC’s loan administration system is consistent with loan approval terms and legal documents. 
  • Perform additional loan monitoring on individual loans and prepare reports on as-needed basis. 
  • Other duties as assigned

Qualifications  

  • Bachelor’s degree or relevant requisite work experience
  • Minimum (5) years of small business lending experience. 
  • Candidate must have working knowledge of small business commercial credits (mainly C&I), real estate, finance and/or operations. 
  • Experience with asset management, credit analysis, and underwriting in community development is a plus. 
  • Strong communication, analytical, decision-making, time management, organizational, follow-up and relationship management skills. 
  • Self-starter ability to work independently as well as collaboratively. 
  • Proficiency in Microsoft Office suite, particularly Microsoft Excel. 

 

Compensation

LISC provides a competitive salary ($102,000-$127,500) commensurate with experience and excellent benefits.

*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.

Our benefits include: 

Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being; Disability Insurance: Long-term and short-term coverage for peace of mind; Retirement Savings: Secure your future with our 401(k) and 403(b) plans; Generous Holidays: Enjoy ample time off to recharge and celebrate; Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance; Tuition Assistance: Pursue your educational goals with support from our tuition assistance program; Referral Program: Earn rewards for referring qualified candidates to join our team; Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.

LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

Create a Job Alert

Interested in building your career at Local Initiatives Support Corporation? Get future opportunities sent straight to your email.

Apply for this job

*

indicates a required field

Resume/CV

Accepted file types: pdf, doc, docx, txt, rtf

Cover Letter

Accepted file types: pdf, doc, docx, txt, rtf

Please indicate any other job related experience, skills and qualifications you possess that are relevant to the position for which you are applying for at LISC. Please describe any other experience, training, qualifications, and/or skills that should be considered:

Select...
Select...
Select...
Select...
Select...
Select...
Select...

I have read the above statement and understand my documents will be verified using E-Verify.

Select...

California Consumer Privacy Act Notice

By Selecting " I agree", I waive my right to receive copies of public records
obtained by LISC.

Select...
Select...
Michigan Applicants: Persons with disabilities needing accommodations for employment must notify the Company in writing of the need for an accommodation within 182 days after the date the person with a disability knew or reasonably should have known that an accommodation was needed.
 
Rhode Island Applicants: LISC is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island and is therefore covered by the state’s workers’ compensation law.
 
Massachusetts Applicants: Note that it is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
 
Maryland Applicants: Under Maryland law, an employer may not require or demand, as a condition of employment, prospective employment, or continued employment, that an individual submit to or take a polygraph examination or similar test. An employer who violates this law is guilty of a misdemeanor and subject to a fine not exceeding $100.
 
I have reviewed the state specific notices above.

 

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in Local Initiatives Support Corporation’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

Select...
Select...
Race & Ethnicity Definitions

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Select...

Voluntary Self-Identification of Disability

Form CC-305
Page 1 of 1
OMB Control Number 1250-0005
Expires 04/30/2026

Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

  • Alcohol or other substance use disorder (not currently using drugs illegally)
  • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
  • Blind or low vision
  • Cancer (past or present)
  • Cardiovascular or heart disease
  • Celiac disease
  • Cerebral palsy
  • Deaf or serious difficulty hearing
  • Diabetes
  • Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
  • Epilepsy or other seizure disorder
  • Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
  • Intellectual or developmental disability
  • Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
  • Missing limbs or partially missing limbs
  • Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
  • Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
  • Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
  • Partial or complete paralysis (any cause)
  • Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
  • Short stature (dwarfism)
  • Traumatic brain injury
Select...

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.