Special Assets Risk Manager

Company: Capital Impact Partners

Locations: All, Remote; Austin, TX; Oakland, CA; San Diego, CA; Detroit, MI; Crystal City, VA; New York, NY

Job Function: Lending/Loan Operations


The Momentus Capital branded family of organizations – which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies – is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions. Our suite of products and services, experience, and scope will foster equitable job creation, wealth building, and economic mobility.


The Special Assets Risk Manager (Manager) is responsible for the oversight and management of Capital Impact Partners high risk and distressed loans, including potential disposition and foreclosure action of community development real estate and non-real estate transactions. The Manager will coordinate with the Portfolio Management team to determine when troubled loans have exceeded the scope of the Portfolio Management, and assist with the efficient transfer of loans and knowledge of the project to the special assets team. In addition, they will manage the process and handoff of the loan out of special assets back to the Portfolio Management team.

The individual in this role will report to the Director, CDRE Credit & Loan Workout and also receives direction from the Head of Credit.  This position may be remote, but based near any of our office locations (Austin, TX; Oakland, CA; San Diego, CA; Detroit, MI; Crystal City, VA or New York, NY).


  • Manage a portfolio of high risk and non-performing (special assets) that consists of real estate, affordable housing, participation loans, and other specialized programs by developing workout and action plans to bring the borrower current, which may include restructuring the loan, modifying the repayment terms, or negotiating a settlement.
  • Collaborate with the Portfolio Management team and assist the portfolio loan officers by recommending strategies and solutions to reduce the level of non-performing, underperforming and past due loans with emphasis on real estate housing transactions.
  • Manage client communication, including in-person meetings, site visits, phone calls, and written communications, including preparing reservation of rights, and demand or default letters, as needed.
  • Assess financial performance by analyzing the financial statements, reviewing loan documents, and other relevant documents of borrowers who are having difficulties making loan payments, including violations with loan covenants/reporting or in danger of imminent default.
  • Monitor progress to ensure that borrowers are meeting the agreed-upon terms and make adjustments as necessary to improve loan performance and recovery, including collaborating with Portfolio Management, Credit, the Legal team as well as outside legal counsel to pursue further action.
  • Provide regular reports and create metrics, including status of the workout plans, risk rating changes, action steps, and lessons learned for management and other areas of the organization.
  • Recommend risk rating changes, and ensure loans in the special assets’ portfolio are properly classified as non-accrual, impaired and/or restructured, including preparing the impairment analysis.
  • Ensure that all loan workouts are conducted in compliance with relevant laws and regulations, as well as the policies and procedures of the financial institution, including accountable for adherence to policies and procedures, particularly but not limited to loan and credit guidelines and procedures.
  • Create and maintain updates to policies and procedures as it relates to core job functions for the special assets team.
  • Travel up to 10% and other duties as assigned


  • Bachelor’s degree in real estate, finance, accounting or other relevant fields along with 4 to 6 years of experience with a mission-based lending and/or a CDFI organization in community development lending, commercial real estate, C&I, affordable housing, Low Income Housing Tax Credit, New Markets Tax Credit, underwriting, workout and collections
  • Prior experience managing REO’s, troubled assets, and loan loss reserves and risk ratings of loans
  • Ability to perform financial analysis of the borrower, guarantor, and collateral value, including interpreting legal documents, contracts and other relevant documents to determine a resolution strategy and recommend applicable action plan(s)
  • Knowledge of related state and federal lending and compliance regulations, and other lending policies as well as knowledge of local legal environment as relates to legal enforcement of requirements of loan documents and/or enforcement of legal remedies such as foreclosure
  • Strong customer service skills to manage a variety of borrower types and relationships with respect, empathy, and solution driven to address concerns and questions in a timely and professional manner
  • Excellent oral, written and interpersonal communication skills
  • Ability to deal with complex problems, and ambiguity involving multiple facets and variables in non-standardized situations
  • Excellent organizational and time management skills
  • Computer and keyboarding skills, as well as familiarity with the Google suite

Compensation and Benefits

Salary Range:$100,443.00 To 117,000.00 Annually

How to Apply

To apply, please follow this link.