Asset Manager

MoFi • Missoula, MT, United States • $200k - $250k / year • 5d ago

The Company:

MoFi is a nonprofit lender with a mission to provide financing and consulting that transforms lives and communities. Our goal is to provide equitable access to capital for all.

MoFi is a business lender for the poor, underserved, and historically marginalized. Every day we work with entrepreneurs who lack equity, assets, or prior business experience and are turned away from banks. From our thirty years of lending experience, we also know that equity, assets, and prior business experience aren’t needed to build a successful business and repay a business loan.

Each MoFi client gets a loan package that includes free, comprehensive training to help them build a safety net to weather unforeseen challenges. MoFi also offers a unique assistance program, The Path to Bankability, to help all clients achieve financial sustainability, and, ultimately, qualify for bank financing. Our training programs allow underserved small business owners to enter the financial mainstream, building a more prosperous future for themselves, their families, and their communities along the way.

Our work spans 37 years and the Rocky Mountain West. Our team is committed to equity, impact, and excellence. We offer a progressive, fun, team-driven environment with a focus on social impact as well as financial outcomes. We are a fast-paced organization with a culture that fosters teamwork and embraces an all-hands-on-deck mentality. MoFi offers competitive pay, clear ladders for growth, professional development opportunities, great benefits, and a chance to make a positive impact in the lives of our clients.

The Position:

This position is on MoFi’s Accounting and Compliance team. This team has high attention to detail, great communication, is organized, knowledgeable, and efficient. The Asset Manager manages MoFi’s loan portfolio including distressed assets and oversees the asset management team. The ideal candidate will have a strong understanding of loan documentation, credit markets, and asset recovery strategies and have extensive experience leading and managing a team. This role will involve reviewing loan documents for completeness and accuracy, communication with clients, analyzing troubled assets, assessing risk, and supporting recovery efforts to minimize losses.

Job Duties:

Portfolio Management

Manage MoFi’s loan portfolio, including commercial and residential loans.
Monitor asset performance and market conditions to identify trends and issues
Manage distressed assets and workouts, including liquidation, client communication, and all third-party communication.
Process debt modifications in accordance with MoFi’s asset management policies

Risk Assessment

Conduct analyses of distressed assets to identify risk factors and recommend appropriate actions
Evaluate borrower creditworthiness and financial stability to support restructuring efforts
Conduct annual reviews for loan clients and ensure all loan covenants are met

Data Analysis

Gather and analyze financial data to inform asset resolution strategies
Prepare reports on portfolio performance, recovery efforts, and risk exposure for internal stakeholders

Documentation and Compliance

Maintain accurate records and documentation for all asset transactions and communications
Work closely with the internal team to develop strategies for asset resolution
Support negotiations with borrowers and stakeholders regarding loan modifications and settlements
Assist in ensuring compliance with relevant regulations and internal policies

QUALIFICATIONS

Bachelor’s degree in Finance, Business Administration, or a related field
7+ years of experience in asset management, credit analysis, or related fields, with a focus on troubled assets preferred
Experience managing a team
Experience in a financial institution or investment firm, preferred
Familiarity with regulatory frameworks and compliance requirements, preferred
Proficiency in financial modeling and analysis software, preferred
Strong understanding of financial markets and credit risk assessment
Excellent written & verbal communication
Strong attention to detail and analytical skills with an emphasis on accuracy
High level of self-organization, self-awareness, and strong prioritization abilities
Enjoys learning, problem solving, and collaboration
Ability to learn new software and databases quickly
Works well across teams and in a fast-paced environment
Embodies a growth mindset
Thrives in a learning culture

COMPENSATION
Salary is $100,000 to $175,000 based on experience. Additional compensation includes full employer paid medical, dental, and vision benefits; employer sponsored 401K retirement benefits; life insurance; holiday savings matching program; monthly wellness stipend; paid vacation, holiday, and sick leave; and short and long-term disability and AD&D.

We believe MoFi is for everyone…

…no matter where you come from, what you look like, or how you identify. We are working to build a diverse, inclusive team that reflects the people we serve. We're committed to helping you do your best work. We promise to champion diversity, build an inclusive culture, and help create a more equitable world. We are proud to be an equal opportunity employer. We welcome the unique contributions that every member of the team brings and do not discriminate on race, sex, gender identity and expression, nation of origin, culture, ethnicity, genetics, age, languages spoken, veteran’s status, color, religion, disability, sexual orientation, or beliefs and opinions.

Job Type: Full-time

Pay: $100,000.00 - $175,000.00 per year

Benefits: