Portfolio Risk Officer
Portfolio Risk Officer
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Job Description
WHY WHEDA
WHEDAserves Wisconsin residents and communities by working with others to provide creative financial and technical resources to stimulate and preserve affordable housing small businesses and agriculture.
WHEDAemployees participate in the State of Wisconsin benefit package( WHEDA offers an excellent benefits package that includes: Medical Vision and Dental Insurance State Retirement plan; 457 Deferred Compensation Group Term Life Insurance (and optional term life insurance for family members) Disability Insurance paid sick leave paid vacation time twenty eight 28 personal holiday hours Twelve 12 paid legal holidays per year tuition reimbursement program.
WHEDAis an equal opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans are also encouraged to apply.
WHEDAemployees may have the option to select a hybrid telework/flex schedule.
WHEDA is seeking a Portfolio Risk Officer to join our Risk and Compliance Department in our Madison facility.
Position Overview:
The Portfolio Risk Officer position is responsible for monitoring the risk component for a portion of WHEDAs multifamily and economic development portfolio. This includes ensuring optional returns and minimal loss by measuring asset performance against budget targets general market/competitor performance and longterm plans
SALARY: Hiring Range for this position is from $69246 to $85734 Annually. Offered Salary will be based on qualifications and internal pay equity. WHEDA provides a competitive salary and WHEDA employees participate in the State of Wisconsin benefit package which includes retirement health insurance and deferred compensation programs.
ESSENTIAL DUTIES:
- Analyzes financial information (audited financial statements budgets debt service coverage ratios) operational (management and occupancy) and physical information of multifamily portfolio. Monitors changes compliance with legal and regulatory requirements and other risk issues. Assesses ratings based on these factors that determine loan loss and bond ratings of WHEDAs portfolio.
- Provides asset management guidance to owners including escrow analysis and payment tax analysis and payment prepayment analysis matured loan payment analysis review and interpretation of legal documentation and ownership structure changes.
- Performs risk analyses and compliance reporting according to different funding sources or program requirements and regularly communicates findings with management. Collaborates with crossfunctional internal partners including Finance Commercial Lending Legal Compliance IT and/or State or Federal agencies. Presents to WHEDAs Internal Loan Committee (ILC) and Members Loan Committee (MLC) regarding loan policy/strategy payoff exceptions workouts and troubled properties.
- Collaborates with the Commercial Lending Team during underwriting to provide expertise in asset management and due diligence focusing on validation of effective rents income analysis loan concentration expense analysis and property management company selection.
- Provides asset management and/or new program input of economic development programs including but not limited to: Loan Guarantee Program Micro Equity Program New Market Tax Credits Participation Loan Program and State Small Business Credit Initiative.
- Regularly communicates with committees regarding watchlist projects and associated risk as appropriate. Performs preparation and presentation of workout analysis and loan restructuring. Effectively performs property management and asset management duties related to REO properties.
- Assists with selecting/implementing new and existing software and formulating/modifying new and existing policies programs and procedures.
- Assists with ongoing training mentoring and education efforts for new hires internal staff and external clients. This may include public speaking.
- Performs or assists with other duties as assigned
QUALIFICATIONS:
- Bachelors degree in Business Finance Real Estate Accounting Economics or a closely related field AND 3 years of experience in commercial lending portfolio management or asset management; OR equivalent combination of education and work experience
- Advanced level in Microsoft Excel
KNOWLEDGE AND SKILLS:
- Portfolio and asset management principles practices and procedures
- Risk assessment principles and practices including risk mitigation techniques
- Knowledge of multifamily economic development and commercial lending programs
- Finance and accounting principles practices and procedures
- Underwriting principles practices and procedures
- Financial and data analysis
- Real estate market analysis and feasibility
- Applicable Federal State and local laws rules and regulations
- Attention to detail and ability to troubleshoot for process improvement
- Customer service principles
- Excellent verbal and written communication skills including preparation of business correspondence
- Problem solving skills and ability to work under pressure
- Successful prioritizing and management of work projects
- Ability to work independently and efficiently
- Maintains confidentiality related to internal/ external customers and any other information obtained.
APPLICATION DEADLINE: This position will remain open for 7 days.
Questions may be directed to
This position is not eligible for a workrelated immigration visa sponsorship.
We request you do not include a photo of yourself with your application for employment. Any submitted will be removed prior to viewing by hiring leaders. Thank you.
An Equal Opportunity Employer Operating Under an Affirmative Action Plan.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
