Job Opening – Senior Asset Manager

Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Community Vision provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.

We realize that the impact of discriminatory policy, institutionalized financial neglect, and systemic racism have resulted in a deep sense of distrust felt among communities on the margins of opportunity, including people of color, folks of various abilities, genders and sexualities, and communities with low financial wealth. We believe that these communities must be centered in the work we do. Hence, we strongly encourage applications from people with these identities or who are members of other marginalized communities. Community Visions is an equal opportunity employer; people of all backgrounds are strongly encouraged to apply.

Senior Asset Manager

Oakland/San Francisco, California


In 1987, Community Vision’s founders had a vision of putting their money to work as a tool for building financially strong and culturally vibrant communities capable of growing their sown seeds of self-determination. We promote economic justice and alleviate poverty by increasing the financial resilience and sustainability of community-based nonprofits and enterprises. Through flexible financial products and sound advice, we create opportunities to make socially responsible investments that revitalize California communities. We envision financially strong and culturally vibrant communities where each person has access to decent jobs, homes, health care, education, and economic opportunities. We work in partnership with individuals and organizations who share our vision of sustainable communities and social and economic justice.


Community Vision is dedicated to anti-racist practices and to building an anti-racist organization. This includes treating colleagues with respect, supporting the vision of the organization and demonstrating the professional practices of the organization which are community centered, patient, communication, work-ethic, responsiveness, conscious of difference, humility and curiosity, humor, creativity, practical, accountability and data driven. Staff members attend to the culture of the organization by being ambassadors of Community Vision’s values and participating in internally focused work groups.


Community Vision’s Lending Group provides loans and New Markets Tax Credit financing, with an emphasis on achieving greater racial and economic equity. Our borrowers have made use of our financing to develop affordable housing, build and acquire community facilities, create economic development projects, support access to healthy foods, and strengthen their operations in order to make a difference in the lives of the communities that they serve.


The Senior Asset Manager (SAM) will lead Community Vision’s asset management efforts, with primary responsibility for monitoring the organization’s loan portfolio, both in terms of following and recommending measures to prevent and remedy loan defaults, and also developing procedures to review the quality of the underlying assets that secure the portfolio, including periodic site visits to existing borrowers. The SAM will be responsible not only for asset management of CV’s loan portfolio, but also a significant off-balance sheet New Markets Tax Credit (NMTC) portfolio, as well as several smaller financing initiatives that lie outside of CV’s general loan pool. The SAM will be in charge of the quarterly portfolio monitoring process, including the maintenance of loan risk ratings, and will be the point person for addressing non-performing loans. The SAM will also carry out basic underwriting of existing borrowers, including line of credit renewals, routine loan extensions and modifications, and simple new loan requests. This person will play a leading role in construction loan review and approval of disbursements. The SAM reports to CV’s Director of Lending Operations, and will receive staff support from the Loan Administration team in collection of data, Borrower communications, document preparation, as needed.


Portfolio Management (45%)

  • In coordination with Credit Officer (CO), carry out regularly scheduled portfolio reviews and monitoring, including maintenance and updates of loan risk ratings and borrower financial analysis;
  • Working with the CO, develop and implement monitoring guidelines and processes for NMTC portfolio and other non-Loan Fund product lines (Catalyst/GO Fund, Real People’s Fund, etc.);
  • Develop and maintain trust-based relationships with borrowers, co-lenders, investors, etc. throughout the life of the loans;
  • Carry out basic underwriting for existing low-risk portfolio borrowers, including LOC renewals, and simple new loan requests;
  •  Negotiate and process basic loan modifications, extensions, reporting and covenant waivers, etc.;
  • Mentor Lending staff on matters related to portfolio management and risk analysis.

Asset Management (45%)

  • Develop guidelines and schedule for conducting periodic site visits to portfolio borrowers; Complete site visits and prepare follow-up Loan Monitoring reports;
  • Identify and track actual and potential material loan defaults, providing status reports, including quarterly non-performing loan report, to CO and/or other senior management;
  • For distressed loans, propose, negotiate and implement material loan modifications and restructurings, bringing in the CO and any other senior management member for more complex situations. Workout activities may include but are not limited to:
    • Having a clear understanding of lender remedies provided for under project loan documents;
    • Coordinating workout activity with legal counsel and senior management, and other stakeholders as needed;
    • Ordering and reviewing new appraisals and other third-party reports;
    • Conducting revised borrower and project financial analysis; and
    • Managing loan remedy and recovery activities, including foreclosure, bankruptcies, and maintenance and disposition of REO.

Construction Loan Monitoring (10%)

  • Order and review plan and cost reviews, and construction inspection reports, as requested;
  • Provide review and approval of construction loan draws;
  • Monitor construction budgets and project timelines to ensure projects are on time/on budget;
  • Address construction performance issues, engaging department management as needed;
  • Coordinate with the Loan Administration team to manage conversion of construction loans;
  • Coordinate with the Loan Administration team to ensure that information related to changes in draw periods, budget revisions, etc., are accurately documented and reflected in appropriate software systems and loan files.



  • Bachelor’s degree in a related field (urban planning, economics or finance, etc.) or equivalent experience.
  • Seven or more years of commercial loan asset and risk management experience (or a combination of education, experience and understanding), preferably working with either nonprofits, real estate developers, or small businesses.
  • Demonstrated familiarity with commercial loan documents and basic legal terms.
  • Proven experience in successfully managing problem loans to ‘best case’ outcomes.
  • Experience working with legal counsel on non-performing loans.
  • Proficiency in financial statement analysis, preferably for either nonprofits, real estate developers, or small businesses.
  • Must demonstrate a high level of attention to detail and excellent judgment and decision-making abilities.
  • Excellent written and verbal communication and organizational skills.
  • Database skills (e.g. Salesforce) with a demonstrated proficiency in Google Suite.
  • Demonstrated ability to consistently multi-task and manage a varied and occasionally intense workload while maintaining a high degree of accuracy.
  • Ability to build trusting relationships internally and externally and elicit confidence by demonstrating reliability.
  • Demonstrate commitment to Community Vision’s mission and values.
  • Strong team player with the ability to work effectively in a cooperative and diverse environment.
  • Enthusiasm, entrepreneurial spirit, and a strong commitment to work in community development.
  • Ability to travel locally and regionally for site visits, meetings and conferences, etc.


  • Experience with construction loan review and disbursement.
  • Experience with complex loan workouts.
  • Experience with NMTC transactions.
  • Experience with commercial loan underwriting and closing.
  • Working with third-party service providers, such as appraisers, construction inspectors, accountants, etc.


All positions at Community Vision involve regular computer and telephone use plus some minimal lifting. The position can be based at either of Community Vision offices in San Francisco or Oakland. Reasonable accommodations can be made to enable individuals with differing abilities to perform the essential functions of their position. The Senior Asset Manager is a full-time exempt position. This position is supervised by the Director of Lending Operations. The salary for this position is between $98,000-$125,000, depending on experience. Occasional evenings and out of area travel may be necessary. At present, however, all staff are working remotely.  Benefits include: 100% health insurance premium coverage for employees and a contribution towards dependent coverage, dental insurance, long-term disability & life insurance, transportation and cell phone subsidies, employer contributions towards retirement savings, three weeks’ vacation, and a commitment to work/life balance. Occasional evenings and out of area travel may be necessary. Positions involve regular computer and telephone use plus some minimal lifting. The position can be based at either of Community Vision offices in San Francisco or Oakland. All staff are working remotely until further notice.

Send resume and cover letter via email to Subject line to read: Senior Asset Manager. Letters should discuss your interest in the position and in working at Community Vision. Resumes without cover letters will not be considered.

Position is open until filled.