Invest Detroit

Compensation

Full Description

Invest Detroit is seeking a detail-oriented and mission-driven Loan Portfolio Manager to independently manage a diverse portfolio of loans, including small business, commercial & industrial, real estate, construction, and New Markets Tax Credit (NMTC) transactions. In this role, you will oversee the full lifecycle of loans—from pre-closing due diligence and closing to monitoring, disbursements, modifications, and risk management. You will be a trusted partner in identifying early warning signs, implementing mitigation strategies, and ensuring portfolio success. This is a high-impact, mission-critical role that directly supports Invest Detroit’s efforts to finance catalytic projects and promote equitable economic growth across Detroit. You will be part of a collaborative, values-driven, and experienced team dedicated to expanding small business and real estate development opportunities throughout the city's neighborhoods. About Invest Detroit Invest Detroit is a mission-driven lender, investor, and partner working to ignite inclusive economic growth in underserved Detroit communities and across the region. A leading Detroit-based Community Development Financial Institution (CDFI), we bring 25+ years of experience acting as a catalyst for economic development and investment, providing critical gap financing through real estate development, commercial lending, and venture capital. We have deployed over $640M to date and are continuing to grow our impact. Our team is a hard-working, supportive, and passionate group that believes strongly in equitable opportunity, diversity, and respect. We believe that through partnership, tenacity, and creativity we can expand access to opportunity and build a better quality of life for all Detroiters. For more information on Invest Detroit, please visit the Invest Detroit website. About the Position: The Loan Portfolio Manager will serve as a member of a team consisting of two additional Loan Portfolio Managers under the leadership of the Senior Vice President of Portfolio Management. This position is responsible for supporting the Lender throughout the loan closing process and for managing borrower relationships across the life of the loan. Key Responsibilities • Lead the loan closing and post-closing process in accordance with internal procedures, in coordination with borrowers, internal stakeholders, title companies, and legal counsel. • Serve as a relationship manager, building trusted partnerships with borrowers to support their success while protecting Invest Detroit’s interests. This will include, but is not limited to, serving as the primary point of contact regarding disbursements, payments, reporting obligations, and loan monitoring requirements. • Process loan disbursement requests, including complex real estate construction draws (involving multiple capital stacks) and receivables analysis, review budgets, payment applications, lien waivers, and project inspections. • Oversee and maintain complete and accurate loan documentation and files as well as loan data in the organization’s portfolio management systems. • Review and coordinate due diligence materials, including appraisals, environmental reports, construction contracts, title commitments, ALTA surveys, and budgets. • Support the loan payoff process in collaboration with borrowers, title companies, and third-party lenders. • Collaborate with the Portfolio Risk Management team as it relates to loan modifications, conversions, annual risk ratings and watch list asset reporting. • Contribute to special projects and community engagement initiatives that advance Invest Detroit’s mission. Qualifications Required: • Minimum of 3 years of experience in commercial lending • Minimum of 2 years of experience in loan closings, preferably in relation to affordable housing, real estate, or bank or CDFI loans Preferred: • Bachelor’s degree in Business Administration, Accounting, Finance, or a related field • 1-2 years of experience in construction draw management, preferably as a lender representative • 1–2 years of experience in commercial credit underwriting • Experience with Salesforce or similar CRM/loan management systems Additional Skills: • Excellent written and verbal communication skills • Strong organizational and interpersonal abilities • Proven critical thinking and problem-solving capabilities • High attention to detail and strong analytical skills • Proficiency in Microsoft Office, especially advanced Excel functions Salary Range Invest Detroit offers a competitive salary range of $90,000.00 to $110,000.00 for the Loan Portfolio Manager position along with a strong benefits package and opportunities for professional growth, commensurate with experience and skills. Invest Detroit is an equal opportunity employer committed to diversity in the workplace. Pay: $90,000.00 - $110,000.00 per year Benefits: • 401(k) • 401(k) matching • Dental insurance • Employee assistance program • Health insurance • Paid time off • Vision insurance Work Location: Hybrid remote in Detroit, MI 48201