Community Development Lending Officer in Raleigh, NC with Greene Resources

Date Posted: 11/18/2021

Job Snapshot

Job Description


Job Number: 42524


Community Development Lending Officer


Job Description:

Our client, a community-based financial institution, is looking to hire a Community Development Lending Officer! The Lending Officer is responsible for meeting goals related to sourcing loan applicants, processing applications, generating earned revenue (pricing and volume of closed loans), and portfolio management consistent with the companys loan programs in small businesses. The Lending Officer is also responsible for identifying and connecting community development micro-lending opportunities in target markets with internal resources that provide loan-readiness technical assistance and microloan financing education and coaching. This position is also responsible for assisting the CEO with executing business development programs that meet the overall business plan, mission fulfillment, and growth strategy.


Responsibilities:


  • Execute Marketing Strategies that seek to develop micro-loan products that create exposure, increase brand awareness and drive sales volume. This can include recovery products launched in conjunction with partners, for example, in response to the COVID 19 pandemic and its impact on small businesses.

  • Source new loan applications - develop relationships with community partners to establish Centers of Influence (COIs) to identify qualified loan candidates within the service area. Maintain relationships with County officials and other program ambassadors such as those engaged in micro-finance, crowdfunding, and small business sectors.

  • Convert Leads to Application Clients - Meet with Leads to assess loan readiness and creditworthiness

  • Package Applications for Consideration - Collect information and documentation about the borrower, guarantors, collateral, and details about the business management

  • Pre-Underwrite/Underwrite - Analyze the loan request by verifying information and quantifying the probability of repayment. This will include a review of tax returns, financial statements, projections, business plans, credit reports, etc.

  • Find relevant industry data to support the assessment. Ensure the loan criteria meet credit policy guidelines.

  • Identify risks and weaknesses and provide mitigating factors. Outline conditions of the loan approval.

  • Obtain the Proper Approval - If required, prepare and present credit memorandums for internal approval and/or external loan committee review. Document the file to evidence proper use of authority.

  • Facilitate Closing - Prepare a Summary of Loan Terms and guide the borrower through the pre-closing process. When all conditions are met, prepare closing documents. Properly document file after the loan closes.

  • Provide Technical Assistance - For prospective borrowers who need pre-application or post-closing support, refer them to the appropriate internal resource for coaching.

  • Perform Borrower Site Visits - Regularly visit borrowers places of business and document the loan file with details about the client meetings, collateral inspections, and operational soundness.

  • Service Loans through Amortization - Respond to requests for loan modifications. When needed, assist with collections and liquidation efforts.

  • Advocate within the Service Area - Promote loan products and technical assistance resources to prospective borrowers, community organizations, banks, and government agencies.

  • Stay updated on lending trends and industry best practices.

  • Understand, adapt, and adhere to organizational policies, procedures, and guidelines.

  • Ensure program compliance with all applicable rules and regulations

  • Track data and metrics, as necessary, and prepare compliance reports required for funders.

  • Other duties as assigned.


Education Requirements:


  • Bachelors degree in business management or related fields (accounting, finance, or economics)


Desired Background/Skills:


  • Demonstrates ability to set and achieve challenging goals.

  • Ability to thrive in an independent work environment and seamlessly work with teams.

  • Able to exercise discretion in handling confidential information.

  • Must have a genuine passion for serving the entrepreneurial community in a mission-driven, small office work environment, with flexibility and enthusiasm.

  • Strong written and verbal communication skills as evidenced by a recent writing sample

  • Ability to build a network of partners & manage relationships with key stakeholders

  • A history of delivering superior customer service to internal and external customers. This includes being responsive, friendly, and respectful of others.

  • Reliable transportation and comfortable traveling throughout the region to meet with clients and partners.

  • Ability to efficiently and effectively manage their time.

  • Self-starter willing to learn and take on new challenges.


Qualifications:


  • Working knowledge of commercial underwriting principles to include cash flow analysis, collateral assessments, consumer credit screening, and critical business soundness metrics. The candidate should also be familiar with the nuances of non-profit accounting.

  • Experience with the SBA Microloan program is beneficial.

  • High proficiency in M.S. Office Excel, Word, PowerPoint, and related products.


Other Information:


  • PHYSICAL DEMANDS:

  • The physical demands described here represent those that an employee must meet to perform this jobs essential functions successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • While performing this job's duties, the employee is regularly required to sit; use hand and fingers to operate a computer keyboard, mouse, telephone keypad, calculator; and talk and hear. The employee frequently is required to reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, or bend. The employee may occasionally lift and move up to 25 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.

  • COMMENTS: Other relevant education and experience may be substituted for the stated minimum education and experience requirements



Greene Resources is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.