Description

MnCIFA is hiring! MnCIFA is a mission-driven clean energy financing authority focused on impact investing with the paramount goal to provide green financing for the State of Minnesota. We are new State Agency with the vibe of an entrepreneurial start-up. 

 We offer a hybrid work environment with 3 days per week in the office and 2 days of telework. Our office is located in the Golden Rule Building in downtown St. Paul. 

As Loan Servicing and Portfolio Manager, you will support all of the loan servicing, loan compliance and portfolio management activities for MnCIFA.  The position will design, develop, implement, execute, manage, and continually improve loan servicing and portfolio management strategies, systems, policies, and processes.  This includes compliance with loan repayment schedules and all contractual, funding, and reporting requirements. You will assess and monitor borrower risk and overall portfolio performance, manage loss reserve and identify trends or risks to ensure long-term viability.  

 Duties include:

• Developing and managing loan payment schedules.
• Tracking and monitoring loan agreements and payments.
• Assessing and monitoring borrower risk.
• Managing loss reserves.
• Analyzing individual borrower’s financials, monitoring overall portfolio performance, and identify trends or risks to ensure long-term viability.
• Ensuring compliance with all contractual, funding, and reporting requirements.
• Managing impact and annual reporting to measure outcomes.
• Maintaining data collection tools, prepare unified portfolio reports for funders, provide insights for decision-making, and assess monitoring costs and potential credit risks.

Requirements

Three (3) years of experience in finance and accounting, financial risk management, financial compliance, loan servicing, loan portfolio management, or a closely related field. A Bachelor's degree in Business Administration, Finance, Accounting, Economics, Finance, Public Administration, or related field is equivalent to one (1) year of experience.

 Applicants who meet the above education/experience requirements will be further evaluated based on the following:

•  Experience in data analysis, financial planning, and forecasting AND
• Knowledge of Generally Accepted Accounting Principles (GAAP) and internal control practices AND
• Experience working with accounting systems, financial systems and/or loan servicing systems.