Portfolio Manager – Commercial Real Estate

Company: Reinvestment Fund

Locations: Philadelphia, PA; Baltimore, MD; Atlanta, GA

Job Function: Lending/Loan Operations


Reinvestment Fund

Position Description

Portfolio Management

Job Title:            Commercial Loan Portfolio Manager

Department:     Credit and Portfolio Management

FLSA Status:       Exempt

Date:                       July 2023         


About The Reinvestment Fund:

Headquartered in Philadelphia PA, Reinvestment Fund operates nationally with regional offices in Baltimore, MD, and Atlanta, GA. Reinvestment Fund is a national mission-driven financial institution that creates opportunity for underserved people and places through partnerships. We marshal the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.

As a federally certified community development financial institution (CDFI), our job is to make finance an agent of positive change and equitable growth. We provide loans, grants, and technical assistance to businesses and nonprofits. Our borrowers and grantees educate students, support local economies, and create jobs. They build affordable housing and provide community goods and services that include access to nutritious food, hunger relief, physical and mental health care, and other social services.

At Reinvestment Fund, you’ll be part of a talented and passionate team of communicators and business development staff, lenders, portfolio managers, analysts, grant program managers, accountants, and policy researchers who bring their unique talents to our mission.

Reinvestment Fund is currently undergoing a multi-year race, equity, and inclusion organizational change process, and we are seeking candidates who share a commitment to advancing racial equity and anti-racism and are prepared to engage in that work.


Work Location: Philadelphia PA, Baltimore MD, or Atlanta GA.

Reinvestment Fund provides a flexible work arrangement that will be a hybrid home/office work arrangement in 2022 and beyond. It is anticipated that a combination of working remote and two days in a Reinvestment Fund office location will allow for face-to-face interactions. Depending on the nature of the job, a more flexible work schedule may be considered.

About the Position:

Reinvestment Fund is looking for talented and mission-driven Commercial Loan Portfolio Manager to support our Lending and Investments team in the post-closing relationship management of Reinvestment Fund’s borrowers. The Portfolio Management team serves as the client point of contact once the loan has closed, and is responsible for payment performance, compliance monitoring, annual review, financial analysis, and risk mitigation. Portfolio Managers have broad array of loans under management are the organizations key partner in identifying issues and resolving performance related concerns. The Portfolio Management team also measures and presents lending business insights, credit risk and performance metrics.

Each Portfolio Manager oversees multiple asset classes and is responsible for understanding project purpose, community impact, as well as the underlying loan cash flows, collateral, and repayment structure.




  • Oversee the performance of loans and asset classes under management as assigned.
  • Provide quality customer service at all points of contact with Reinvestment Fund borrowers as well as answer questions and advise customers regarding loan transactions.
  • Act as Post Closing Relationship Manager for Reinvestment Fund borrowers.
  • Analyze portfolio trends and identify portfolio vulnerabilities by interpreting data on payment trends, borrower financial rations, pricing, economic influences, and other factors affecting the portfolio.
  • Manage loan covenant compliance, including financial statement collection, performing quarterly and/or annual covenant compliance checks, and following up with borrowers in the case of covenant violations.
  • Prepare consistent and accurate analyses during loan events such as annual loan review, modification, extensions, or default.
  • Propose solutions to loan problems and accurately explain the risks and benefits of proposals in formal credit memorandum.
  • Prepare annual reviews that identify trends and keep various stakeholders apprised of portfolio performance and of any identified concerns.
  • Self-prepare documentation to effectuate loan changes or coordinate with attorneys in the timely documentation of same.
  • Prepare quarterly loan impairment analysis for all troubled loans in the assigned portfolio.
  • Develop and enforce loan workout plans under the direction of the Managing Director.

Who we are looking for:

Portfolio Management requires a high level of independent, analytical work, strong interpersonal skills, and good judgment. Portfolio Managers manage several projects at a time, and regularly adjust priorities based on business needs. Portfolio Managers are expected to be flexible and accountable the team. They are supported by a collaborative, collegial environment, and responsive management.

Qualified candidates will have a financial industry background, experience in commercial lending or real estate and outstanding organizational skills.  The successful candidate will have a track record of leading collaborative projects and will have a demonstrated affinity for working in a team setting.  They will be passionate about using finance as a tool to change people’s lives for the better.


The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education, Experience, Certifications:

  • Bachelor’s Degree in finance, economics, accounting, or other related fields preferred. Experience will be considered in lieu of undergraduate degree.
  • 5+ years related job experience with increasing levels of financial analysis expertise in Financial Services, Real Estate, or other related fields.
  • Formal Commercial Credit training strongly preferred.

Specialized Skills:


  • Experience creating and communicating credit, investment, or real estate analysis – formal writing and oral presentation to various stakeholders.
  • Ability to effectively synthesize information, organize logical arguments and summarize key points.
  • Experience performing financial analysis and modeling in Excel.
  • Strong experience in analyzing complex financial statements and tax returns.
  • Experience interpreting legal documents such as leases, mortgage notes, contracts, etc.
  • Experience reviewing construction budgets, project plans, appraisals, inspection reports and other real estate documents.
  • Ability to draw conclusions from financial and market data to make sound recommendations regarding ongoing loan management.
  • Comfortable interfacing data between various computer applications/systems.


  • Experience working with diverse people and community-based organizations.
  • Experience with affordable housing subsidy programs, historic tax credit programs and other economic development tools.

Compensation and Benefits

Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.

Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States. Reinvestment Fund is an Equal Opportunity Employer.  Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disabilities, or status as a veteran.

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) which is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals, this reporting will extend to your household members. You may be subject to a background check.

COVID-19 Vaccination Update: We value the safety and well-being of our RF Community, which includes staff and beyond. As such, our team has chosen to require all staff, interns, and contractors to be *fully vaccinated as a contingency of employment.  Fully vaccinated is 1 or 2 vaccinations (according to pharma and 1 booster) Exemptions for Religious and Medical requests will be reviewed. *RF Covid-19 Policy remains in force and is currently under review. Please review this contingency prior to making application.

How to Apply

Please make application using the link below:

 Please complete the online employment application and *attach your resume and a cover letter with your salary requirement.

*Special Note: Please attach your resume, cover letter, and salary range. You must include all information in one submission page.