Reporting to the Senior Portfolio Manager, the Portfolio Associate will be a key member of the Social Investment team and will support the execution, implementation, and oversight of Open Road’s portfolio monitoring, operations, and risk management activities across loan portfolios. Working closely with borrowers from closing through repayment, the Portfolio Associate will play a key role in developing credit risk and impact management tools and frameworks; tracking portfolio level risk; managing processes with problem credits; and portfolio reporting with a sharp eye to ensuring data integrity and timely reporting.
The successful candidate will have the ability to conduct detailed research and analysis that can result in constructive findings that would form the basis for addressing the root cause of problems. They will be detail and results-oriented with strong self-motivation and a passion for impact. The ideal candidate will have the following professional experiences and skills.
LOCATION & TRAVEL
As a 21st Century Office, we do not operate out of a fixed location. All employees work from home offices or shared workspaces, as appropriate. Bottom line, we encourage employees to work where they will be most effective, whether that is at a home office, external office space, coffee shop, or park bench. For its part, Open Road ensures that all employees have access to appropriate workspaces to facilitate maximum effectiveness and productivity.
The preferred location for this position is Washington DC; however, Open Road does operate a remote work environment, and all candidates will be considered based on their relevant qualifications.
Must be able and willing to travel up to 20% for in-person meetings, conferences, and/or other events.
Open Road pay rates are informed by a written job description, periodic market analysis against that job description, individual experience, and a deep commitment to equity. This is a full-time, salaried position with comprehensive medical, retirement, and other benefits. The salary for this position is $80,000 to $90,000 per year, dependent on the individual candidate’s qualifications and experience.
HOW TO APPLY
ABOUT OPEN ROAD
Open Road eliminates funding delays and accelerates growth for impact-first companies. As an industry leader in providing short-term bridge loans, Open Road offers fast, flexible, and affordable financing to companies across geographies and sectors facing discrete, unforeseen financing gaps that threaten to derail their work.
From installing mini-grids in frontier markets in West Africa to addressing the challenges of financial inclusion for the emerging middle class in Colombia, our loans are designed to ensure that companies addressing the world’s greatest challenges like climate change and inequality continue to scale during crucial moments of growth.
Since its founding in 2012, Open Road has loaned nearly $50 million to 125+ social impact organizations, keeping $500M of impact and follow-on financing into these ventures on track. For more, visit www.openroadalliance.org.
Job Status: Open
Job Sectors: Portfolio Associate
Job Type: Full Time
Regions: Global/Remote, North America