SBIC Asset Manager

Philadelphia, Pennsylvania (US)
Senior Exempt
Oct 05, 2020
Nov 04, 2020
Industry Sector
Finance - General
Employment Type
Full Time

The Community Reinvestment Act ("CRA") SBIC Senior Asset Manager optimizes performance of a growing equity investment portfolio in Small Business Investment Companies (SBIC) and economic development funds; identifies risk factors; ensures yields are tracked; and investments meet industry standard practices while conforming to all Bank and regulatory policies. The Asset Manager monitors and manages closed investments in SBICs and economic development funds for compliance with the investment guidelines and requirements of the Bank, CRA, the Volcker Rule, Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines. The Asset Manager properly assesses and inputs data to Community Capital Group (“CCG”) internal reporting systems and to the database maintained by our external vendor - Burgiss. Other responsibilities include the production of routine reports to monitor performance, impairment and compliance to Bank management.

• Oversees and manages closed Bank investments in SBICs and economic development funds to ensure compliance with the investment guidelines and requirements
• Responsible for oversight and management of limited partnership investment information and communicates limited partnership investment information to a third-party service provider
• Responsible for the oversight and management of the accuracy of service provider information, and serves as point of contact for limited partnership investment related information for internal and external needs
• Responsible for oversight, and verification of investor capital call, redemption and distribution process, including accurate breakdown of LP distributions
• Responsible for oversight and management of timely, accurate, informative, professional reporting
• Responsible for oversight and management of monthly AUM reports
• Serves as a contact and resource for all internal and external requests for investment-related information
• Provides administrative support to the SBIC department head and Investment Officers for all SBIC investments
• Coordinates with other staff to create and maintain asset management files and records
• Coordinates effective communication among and maintains positive working relationships with Bank departments, Fund Sponsors and Regulators

Qualifications : • Bachelor's degree or equivalent experience in Accounting, Finance or related business field. CPA or CFA accreditation is considered a plus
• 7+ years of related investment experience with lower middle market (LMM) mezzanine and LMM buyout funds is a plus
• Candidates should possess a strong knowledge of LMM mezzanine and LMM private equity markets
• Knowledge of related federal regulations for Bank investors, including CRA, Internal Revenue Service, OCC, Volcker Rule and other regulations is advantageous
• Proven ability to analyze financial statements, legal documents, partnership and subscription agreements, and IRR models.
• Proficiency in MS Windows network environment, to include MS Excel, MS Word, and MS PowerPoint
• Working knowledge of the key macroeconomic trends within the LMM mezzanine and LMM private equity industry and to a lesser extent the venture capital industry, as well as a willingness to expand knowledge where needed