Portfolio Manager

Website Novo

We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to FinTech platform for small businesses (SMBs). Novo is flipping the script of the FinTech world, and we’re excited to lead the small business FinTech revolution.

We are looking for people of character. Pragmatic and capable people who want to see their work drive better outcomes for small businesses — the backbone of our economy. You will join our team and work on the building blocks of everything Novo ships.

  Why Novo?

  • Novo is a rapidly growing series B fintech startup with a mission-driven team that’s passionate about helping every small business in America
  • Positive, inclusive, supportive culture cheering you on your journey
  • We work with very new technologies and architecture patterns 
  • We provide learning and development budgets to help you grow and bond with your team 
  • Hybrid work culture
  • Offices in NYC, Miami, and India for those that want to whiteboard in person

We are looking for an experienced Portfolio Manager who understands how to build the monitoring system to identify, control, and mitigate risk of the credit portfolio. If you’re passionate about taking a unique approach to risk and leveraging unconventional methods to enable innovative financial solutions, then we want to chat. Are you ready to revolutionize the small business banking industry with us?

About the Role:

  • Build the monitoring system to identify, control and mitigate risk of the credit portfolio
  • Oversee servicing, reserving, and charge off processes
  • Define loan quality standards and ratings, identify preliminary trailing and leading indicators for default
  • Draft and implement proactive loan level measures (renewal and modification criteria), collections and charge off policies
  • Establish clear goals for portfolio diversification and capital allocation, craft exit strategies, and develop guidelines for purchasing credit derivatives
  • Ensure comprehensive management information systems, quality data, portfolio diversification, and adherence to risk appetite
  • Proactively communicate to Risk, Underwriting, Customer Success and stakeholders across Novo
  • Provide support to launch new lending products
  • Advise on credit policies, underwriting criteria, fraud mitigation and collections strategies

Requirements for the Role: 

  • 5+ years in credit portfolio management, preferably small business or consumer credit
  • A bachelor’s degree or higher in mathematics, statistics, engineering, physics, economics, computer science or other quantitative field
  • Strong analytical, quantitative, influencing, and communication skills
  • Hands-on, results oriented, thrives when challenged
  • Organized and collaborative

How We Define Success:

  • Ownership and accountability for a winning credit underwriting strategy
  • Continuous improvements to model and methodologies
  • Team player; does their part without the ego 

Nice To Have, but Not Required:

  • Experience at a hyper-growth startup or fast-paced company

Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic. 

Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic.

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