LOAN PORTFOLIO & ACCOUNTING MANAGER

Company: Genesis LA

Location: Los Angeles, CA

Job Function: Accounting


Background

ORGANIZATION OVERVIEW:
Genesis LA is a nonprofit community loan fund with a mission to deliver financial solutions that
advance economic and social opportunities in underserved communities. Founded in 1998 out
of the office of former Los Angeles Mayor Richard Riordan, Genesis LA is certified by the U.S.
Department of the Treasury as a Community Development Financial Institution (CDFI). Since
our inception, we have deployed more than $420 million in capital, which has leveraged over $2
billion in investments into community and economic development projects. These projects
created or retained over 6,500 permanent jobs; serve over 81,000 clients a year; house 1,500
families; and provide goods and services to approximately 700,000 low-income people. We
invest in these projects through two programs. First, our Genesis Community Investment Fund
(GCIF) is currently capitalized at $70 million and is used to make flexible loans ranging in size
from $75,000 to $4 million. Second, we have deployed $320 million in New Markets Tax Credit
(NMTC) allocation, which leverages other capital and is invested into large real estate projects
serving low-income communities.
All of Genesis LA’s investments must demonstrate both financial viability and tangible
community benefits to low-income people. Genesis LA’s business model is unique in that it is
focused on providing the type of financing that many other lenders cannot provide and it invests
in new and innovative approaches to community and economic development. Our team works
hands-on with nonprofits, small businesses, and women and minority-owned enterprises, by
blending our financial products with capacity building services that can turn unique challenges
and/or innovative ideas into viable, financeable projects. We often marry these services with
customized, flexible capital products that can solve financing challenges not being addressed by others in the market.

Summary

Genesis LA consists of a small team that works collaboratively to deliver financing and
investments to low-income communities in the Los Angeles region. The Loan Portfolio &
Accounting Manager will be part of Genesis LA’s 11-person team and will specifically work
within a 3-person Finance Department (inclusive of this role). The Accounting Manager will
report to the Director of Finance and will have significant responsibility related to Accounting,
Loan Servicing, and Compliance Reporting. The ideal candidate will have extensive experience
working with QuickBooks, knowledge of generally accepted accounting principles, and should
possess a genuine desire to improve low-income communities.

Responsibilities

Accounting
 Review entries in accounting software, verify postings and make corrections to ensure
accuracy and completeness.
 Perform month-end, quarter-end and year-end closing and financial reporting process
including budget variance analysis and reconciliation.
 Compile and produce financial statements and other requested reports for distribution to
internal and external stakeholders that include the Management Team, Board of
Directors, rating agencies, trade associations, investors, and funders.
 Assist the Director of Finance in managing daily, monthly and annual accounting tasks,
share responsibility for overseeing the accounting and financial processes, controls and
reporting.
Portfolio Management
 Review closing memos provided by Lending Team regarding recently closed loans and
investments.
 Onboard new loans and investments into loan management software (Nortridge Loan
Software-NLS) and service loans through their life cycle.
 Review and process loan disbursements, ACH loan payments and monitor payment
activity/collections.
 Manage the loan servicing software, troubleshoot minor technical issues and manage the
relationships with the software vendors.
 Prepare various compliance reports for submission to internal and external stakeholders
including Board of Directors, and third parties such as rating agencies, trade
associations, investors, and funders.
 Utilize tools such as Pivot Tables and database queries to streamline the production of
information related to this scope of work, by referencing data stored in the NLS system.
 Work collaboratively with Lending Team to gather community impacts and outcomes of
Genesis LA-financed projects and maintain data in centralized database (NLS) for
internal and external reporting.
Other
 Assist with outreach to borrowers for additional information related to loan servicing and
covenant compliance as necessary.
 Assist with other information requests related to loans and financial activities from Management & Lending Team.

Requirements

QUALIFICATIONS:
 Bachelor’s degree, preferably in accounting, finance, economics, or related fields
 Minimum of 3 years’ Senior Level Accounting & Loan Servicing experience
 Experience with Nortridge Loan Software is a plus
 Ability to prepare and analyze financial statements
 Ability to read and interpret loan documents
 Ability to produce and utilize accurate Pivot Tables, working knowledge of databases
 Strong communication skills, problem solving skills and attention to detail
 Outstanding interpersonal skills and ability to work collaboratively with a small team
 Strong organizational skills and capacity to prioritize multiple tasks to meet company
goals and timelines
 Ability to work efficiently in a fast-paced environment and to exhibit flexibility within a
dynamic and entrepreneurial organization
 Computer aptitude, including advance knowledge of Microsoft Office Suite Programs
and other database software

Compensation and Benefits

Compensation: Salary range approximately $80,000-$85,000 depending on skills and
experience; generous 401K matching; full healthcare benefits; annual bonus opportunities.
Interested candidates

How to Apply

Interested candidates should forward a resume and cover letter to Jem Dicioco, Director of
Finance at jdicioco@genesisla.org