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JOB OPPORTUNITY: CREDIT MANAGER
The Credit Manager role is a newly-created, full-time position to lead our credit function and joins a part-time Credit Analyst who is transitioning to a consultant role at Beneficial Returns. Working closely with the CEO (USA-based) and the Managing Partner (Singapore-based), the Credit Manager can be located remotely anywhere in Southeast Asia or Latin America. It is our expectation that the Credit Manager will, over time, supervise one or more full-time Credit Analysts as our team grows. The Credit Manager’s responsibilities fall into three primary areas:
Underwriting
Because Beneficial Returns’ long-term success is a direct function of making prudent, high impact loans, underwriting will be the Credit Manager’s primary focus. This includes screening prospective borrowers (remotely or in person), structuring loans, collecting, analyzing and synthesizing financial and impact data, writing thorough credit memoranda, and presenting them to the appropriate credit committee. The Credit Manager will work collaboratively with other staff members and interns under tight deadlines.
Portfolio Management
The Credit Manager will collect and review borrower compliance with financial covenants and reporting requirements to monitor our portfolio and quickly identify problem loans. Additionally, the Credit Manager will be tasked with reviewing and analyzing fund performance. The Credit Manager will consult on underperforming loans but will not be responsible for negotiating, restructuring or enforcing provisions of the loan agreements.
Credit Infrastructure
In order to grow its portfolio without compromising credit quality, Beneficial Returns requires credit policies and procedures that bring efficiency and consistency to our work. The Credit Manager will have wide discretion in implementing this infrastructure that will enhance our credit culture.
Underwriting
Because Beneficial Returns’ long-term success is a direct function of making prudent, high impact loans, underwriting will be the Credit Manager’s primary focus. This includes screening prospective borrowers (remotely or in person), structuring loans, collecting, analyzing and synthesizing financial and impact data, writing thorough credit memoranda, and presenting them to the appropriate credit committee. The Credit Manager will work collaboratively with other staff members and interns under tight deadlines.
Portfolio Management
The Credit Manager will collect and review borrower compliance with financial covenants and reporting requirements to monitor our portfolio and quickly identify problem loans. Additionally, the Credit Manager will be tasked with reviewing and analyzing fund performance. The Credit Manager will consult on underperforming loans but will not be responsible for negotiating, restructuring or enforcing provisions of the loan agreements.
Credit Infrastructure
In order to grow its portfolio without compromising credit quality, Beneficial Returns requires credit policies and procedures that bring efficiency and consistency to our work. The Credit Manager will have wide discretion in implementing this infrastructure that will enhance our credit culture.
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IDEAL PROFILE
Beneficial Returns seeks a savvy lending professional passionate about using finance to tackle global poverty. A genuine spirit of service and deep curiosity are requirements for this work.
As a critical member of a small team, this position will be a visible representative of Beneficial Returns to all of our stakeholders including borrowers, investors, credit committee members and supporters. As such, we’re seeking candidates who have outstanding interpersonal qualities to complement the deep analytical skills required of a Credit Manager. Candidates must have unimpeachable ethics, street smarts, outstanding judgment and a willingness to be a hands-on contributor in what is still a start-up operation.
Beneficial Returns seeks a savvy lending professional passionate about using finance to tackle global poverty. A genuine spirit of service and deep curiosity are requirements for this work.
As a critical member of a small team, this position will be a visible representative of Beneficial Returns to all of our stakeholders including borrowers, investors, credit committee members and supporters. As such, we’re seeking candidates who have outstanding interpersonal qualities to complement the deep analytical skills required of a Credit Manager. Candidates must have unimpeachable ethics, street smarts, outstanding judgment and a willingness to be a hands-on contributor in what is still a start-up operation.
QUALIFICATIONS
Candidates should have a minimum of five years of finance experience, ideally commercial lending to non-investment grade companies and across industries including agriculture and energy. Financial modeling is a required skillset. Familiarity with term debt, working capital loans and revenue participation loans is desirable. Candidates must have strong supervisory skills, and we prefer candidates that have several years of experience managing others.
Individuals with MBAs, CPAs and CFAs would make outstanding candidates although these designations are not a replacement for what truly matter to us - intelligence, work ethic and work experience.
Candidates should have a minimum of five years of finance experience, ideally commercial lending to non-investment grade companies and across industries including agriculture and energy. Financial modeling is a required skillset. Familiarity with term debt, working capital loans and revenue participation loans is desirable. Candidates must have strong supervisory skills, and we prefer candidates that have several years of experience managing others.
Individuals with MBAs, CPAs and CFAs would make outstanding candidates although these designations are not a replacement for what truly matter to us - intelligence, work ethic and work experience.
To apply please submit a thoughtful cover letter and your resume to Ted Levinson at ted@beneficialreturns.com.
About Beneficial Returns
Beneficial Returns is an impact investing company that provides capital to growing social enterprises in the developing world. We are driven by the knowledge that market-based solutions can eliminate poverty and preserve the environment. Our investors are family foundations, high net worth individuals and faith-based communities while our borrowers are visionaries working in the fields of sustainable agriculture, renewable energy, water and sanitation, waste and livelihoods.
Following four years of modest portfolio growth, Beneficial Returns is now poised to significantly increase its lending activities. BR has secured investment capital, loan loss reserves and participation commitments that have eliminated previous bottlenecks. We are now building out our team to execute on this opportunity.
Following four years of modest portfolio growth, Beneficial Returns is now poised to significantly increase its lending activities. BR has secured investment capital, loan loss reserves and participation commitments that have eliminated previous bottlenecks. We are now building out our team to execute on this opportunity.