Ready Capital · 4 months ago
Vice President, Portfolio Manager
United States
Full-time
Remote
Mid, Senior Level
$110K/yr - $130K/yr
7+ years expReady Capital is a company focused on managing loan portfolios, and they are seeking a Vice President, Portfolio Manager to oversee the servicing and ongoing management of SBA, USDA, and conventional loan portfolios. This role involves analyzing credit risk, supervising credit analysts, and ensuring compliance with lender policies and agency regulations while maintaining strong relationships with borrowers and lenders.
Financial ServicesMortgageReal Estate
Responsibilities
Provide excellent and professional customer service to the borrower, lender, and governing agencies. Ensure relationships remain strong and healthy
Supervise Servicing Credit Analyst (including Decimal Point), review all financial spreads and narratives prepared by them, and ensure quality assurance of SBA/USDA credit files prior to audits and regulatory reviews
Review borrower service requests, gather necessary information, and underwrite servicing actions—including modifications, annual loan reviews, and amendments such as collateral releases, pricing adjustments, risk-rating changes, and other necessary modifications—in accordance with lender policies, agency regulations, SOPs, and CFR
Manage all aspects of portfolio management for SBA, USDA, Main Street, and conventional loans according to lender credit policy and SBA/USDA procedures, including portfolio monitoring, collections on past due accounts, collection of financial documentation, annual reviews, servicing actions, and communication with the SBA/USDA
Collaborate with legal counsel, lenders, borrowers, and third parties on credit actions and servicing requests, including loan modifications, annual reviews, and documentation exception management; engage with all parties both verbally and in writing
Complete comprehensive narrative annual reviews for each existing SBA/USDA loan, including business and personal financial analysis, credit analysis, lien perfection, property valuation, industry comparisons, risk identification and mitigation, and loan grading recommendations
Order and review third-party reports such as real estate appraisals, environmental assessments, title reports, and business equipment valuations as required
Ensure proper implementation of LSP, lender, and SBA/USDA business policies and procedures, and promote adherence to regulatory compliance requirements
Maintain and manage financial and insurance ticklers, collect statements and policies, prepare SBA/USDA loan files for regulatory or agency audits, and fulfill all portfolio management responsibilities—including collections and communications between the lender and the SBA/USDA, and oversight of portfolio management expenses
Participate in special projects and support the SBA/USDA servicing department as needed, including assisting borrowers with servicing actions and tracking financial, insurance, and covenant requirements
Oversee the transition of a troubled loan to the Special Asset Portfolio Manager’s portfolio. Provide ongoing assistance as needed
Qualification
Required
Strong credit skills
Leadership and motivational skills
Good written and verbal communication skills
Decision-making and analytical skills
Ability to work well under pressure
Operate other standard office equipment
Type accurately at a speed necessary to meet the requirements of the position
Organize work, set priorities and exercise sound independent judgment within established guidelines
Interpret, apply, explain and reach sound decisions
Proficient in Microsoft Office Suite, working with Word and Excel or similar spreadsheet software
Ability to read and comprehend instructions, short correspondence, and memos
Ability to write simple correspondence
Ability to write basic routine reports and correspondence
Ability to interact effectively with management, other employees, customers, and representatives from other organizations
Diplomacy in dealing with internal and external clients
Excellent communication skills
Ability to analyze financial statements for Small Businesses
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
Ability to review information and solve problems quickly
Strong ability to manage time
Achievement oriented, takes initiative
Preferred
Bachelor's degree in Finance, Accounting preferred
Minimum of 7 years' experience in Small Business Lending/Real Estate Lending preferred with focus on credit analysis
Knowledge of the SBA and USDA rules and regulations, preferred
Company
Ready Capital
Ready Capital is a multi-strategy real estate finance company
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$1.46B2025-02-21Post Ipo Debt· $220M
2024-12-03Post Ipo Debt· $130M
2023-06-12Post Ipo Debt· $648.6M
Leadership Team
Gary Taylor
Chief Operating Officer
Jordan Goforth
Managing Director - Head of Western US
Recent News
2025-09-29
Company data provided by crunchbase