Portfolio Management

Description:

LL Funds, LLC, an independent investment manager specializing in asset-backed securities, fixed income, and private credit, is seeking an experienced and driven Director of Structuring & Portfolio Management to join its Asset-Based Private Credit platform in Philadelphia, PA.

This position provides a unique opportunity to work across the entire investment lifecycle, from origination and underwriting through execution and portfolio management. The role requires a blend of financial acumen, analytical expertise, negotiation skill, and commercial judgment. Ideal candidates will have deep experience in structured finance, asset-backed lending, and credit structuring—paired with a hands-on, entrepreneurial approach.

Key Responsibilities

• Underwriting and Structuring:
  Evaluate and underwrite complex asset-based financing opportunities across multiple sectors, including consumer, commercial, hard assets, and contractual cashflows.

• Negotiation and Transaction Execution:
  Lead negotiations with counterparties regarding advance rates, covenants, pricing, eligibility criteria, and structural protections. Oversee due diligence, financial modeling, legal documentation, and investment committee materials.

• Portfolio Management:
  Manage active investments through ongoing monitoring, renewals, amendments, and renegotiations. Ensure covenant compliance, track collateral performance, and maintain quality reporting and risk oversight.

• Performance Oversight:
  Review and approve portfolio performance reports, analyze credit risk metrics, and evaluate collateral quality and yield performance.

• Investment Strategy and Capital Formation:
  Contribute to fund strategy development, investor reporting, and capital formation efforts. Support leadership in developing innovative asset-backed financing solutions.

• Risk and Compliance:
  Maintain high ethical and professional standards in transaction documentation and ensure compliance with all internal policies and external regulations.

Required Skills & Qualifications

• Education:
  Bachelor’s degree required. Advanced credentials such as an MBA or CFA preferred.

• Experience:

  • At least 10 years of professional experience in private credit, structured finance, or asset-based lending.

  • Proven success in underwriting and structuring complex asset-based transactions.

  • Deep knowledge of credit and collateral analysis, cash flow modeling, and securitization or warehouse finance structures.

• Technical Skills:

  • Strong proficiency in Excel and financial modeling.

  • Comfort handling large datasets and structured cashflow models.

• Soft Skills:

  • Excellent written and verbal communication with the ability to simplify complex financial insights.

  • Strong negotiation and relationship management capabilities.

  • Sound commercial judgment, balancing yield optimization with credit risk and long-term partnerships.

  • Collaborative mindset and entrepreneurial attitude, suited to a lean, high-accountability team environment.

About LL Funds

Founded in 2009, LL Funds (LL) is an independent investment management firm with approximately $2.2 billion in assets under management (AUM). The firm specializes in asset-backed securities, fixed income strategies, and private credit investments.

LL Funds prides itself on maintaining a collaborative, intellectually rigorous, and entrepreneurial culture, where creativity and independent thinking are valued. Employees enjoy a team-based environment, opportunities for professional growth, and exposure to senior leadership.

Benefits

• Competitive compensation package

• Excellent employer-paid health and wellness benefits

• Generous vacation and time-off policy

• Complimentary in-office lunch

• Opportunities for growth and collaboration within a respected investment firm