Associate, Asset Management

Calvert Impact OTOF, LLC; Bethesda (MD); On-site; USD 75,000 - 80,000; Full time

Job summary

Calvert Impact is seeking an Associate, Asset Management in Bethesda, MD to perform day-to-day loan administration for loan and equity portfolios. You will support deal approvals, disbursements, and ongoing monitoring, ensuring accurate documentation and timely payments.

This role requires strong operational and project-management skills and a commitment to exceptional service. You'll work closely with Investments, Legal, and Risk teams to implement new products and maintain efficient processes

Qualifications

• 1-3 years loan administration or asset management experience in the financial services industry.
• Strong operational and project management skills, with excellent attention to detail.
• Familiarity with Carta or similar loan servicing system, desired.
• Excellent customer service and interpersonal skills.
• Undergraduate degree in business administration or equivalent work experience.

Responsibilities

• Contribute to Deal Approvals
• Attend Investment Committee meetings
• Review and provide feedback on Asset Management on proposed credit transactions
• Loan Closings
• Review closing documents for alignment with approved terms
• Coordinate with Borrowers and Internal Teams to ensure documents are received and approved
• Disbursement of Funds
• Review and prepare loan disbursements
• Review and monitor construction loans, if applicable
• Review loan requests and supporting documentation
• Coordinate disbursements with internal teams
• Coordinate disbursements with external lenders
• Monitoring
• Set-up loans in servicing system
• Prepare and ensure payments are made timely
• Prepare monthly invoices to Borrowers
• Prepare payoff statements
• Ensure payments are properly applied
• Track and manage loan maturities
• Perform monthly audit of new loan closings
• Monitor hedges for foreign currency denominated loans
• Monitor Borrower requests and follow up for resolution
• General Responsibilities
• Work cross-functionally with other departments to identify requirements
• Assist in revising and maintaining current procedures
• Provide recommendations for process improvements
• Support system implementations (loan servicing, accounting, portfolio management)

Skills

Loan administration

Project management

Attention to detail

Customer service

Interpersonal skills

Team player

Communication

Business degree

Education

Bachelor's degree in Business Administration

Tools

Carta

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Associate, Asset Management

Full Time Bethesda, MD, US

Salary Range: $75,000.00 To $80,000.00 Annually

About Calvert Impact:

Calvert Impact is a global impact investment firm that helps everyday investors and financial professionals invest in solutions that benefit people and the planet. Calvert Impact uses its unique position to ensure communities are better served by capital markets through a range of products and partnerships. Since 1995, Calvert Impact has mobilized more than $5 billion to grow mission-driven funds and organizations. Learn more at https://calvertimpact.org .

Job Objectives:

Calvert Impact is seeking to fill an Associate, Asset Management to perform day-to-day loan administration activities related to the loan and equity portfolios. The individual is responsible for all aspects of loan administration, including supporting the development and implementation of new products. The role requires someone with strong operational, problem-solving and project management skills, a high level of understanding of legal documentation associated with loan and equity products, the ability to be nimble and thrive in a fast-paced environment. This individual must be able to support the Senior Officer, Asset Management in all areas. This individual must also be able to provide a high level of service to internal and external customers, as well as share the commitment to the mission of the organization.

Responsibilities:

Contribute to the success of the strategic goals and objectives of the organization by applying technical skills in the area of Loan Administration. Specific areas of responsibility include but are not limited to:

• Contributing to Deal Approvals
  • Attend Investment Committee meetings
  • Review and provide feedback as it relates to Asset Management on proposed credit transactions
  • Loan Closings
  • Review closing documents for alignment with approved teams and conditions.
  • Coordinate with Borrowers and Internal Teams (Investments Team, Legal Counsel, and Risk Management) to ensure all documents necessary for closing have been received, reviewed, and approved as required.
• Disbursement of Funds
  • Review and prepare loan disbursements
  • Review and monitor construction loans, if applicable
  • Review loan requests and supporting documentation
  • Coordinate disbursements with internal teams
  • Coordinate disbursements with external lenders.
• Monitoring
  • Set-up loans in the loan servicing system, in conformance with closing documentation and approved terms and conditions.
  • Prepare and ensure payments are made timely to participating lenders
  • Prepare and send monthly invoices to Borrowers
  • Prepare pay-off statements, as requested
  • Ensure that payments are properly applied.
  • Track and manage loan maturities.
  • Perform monthly audit of new loan closings to ensure set up accuracy
  • Monitor hedges for foreign currency denominated loans.
  • Monitor Borrower request and follow up with Borrowers for problem resolution.
• General Responsibilities
  • Work cross-functionally with other departments to identify requirements and manage implementation of new products.
  • Assist is revising and maintaining current procedures for Asset Management
  • Provide recommendations for process improvements
  • Provide support as the organization implements new core systems (loan servicing, accounting, portfolio management, etc)

Required Skills:

• 1-3 years loan administration or asset management experience in the financial services industry;
• Strong operational and project management skills, with excellent attention to detail.
• Comfortable with working with technology
• Familiarity with Carta or similar loan servicing system, desired.
• Strong commitment to quality and superior customer service.
• Exceptional interpersonal skills, with the ability to interact with people internally and externally.
• Solid team player, with the ability to manage through influence.
• Undergraduate degree in business administration or equivalent work experience.