Loan Officer
Loan Officer
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$ 65000 - 75000
1 Vacancy
Job Description
POSITION: Loan Officer
REPORTS TO: Director of Lending
ORGANIZATION OVERVIEW:
Entrepreneur Works is a nonprot certied Community Development Financial Institution (CDFI) whose mission is to empower entrepreneurs to grow successful businesses in the Philadelphia region by providing them with exible capital and the highestquality business support services.
AcrossthePhiladelphiaregionEntrepreneur Works clientsstartandgrowsmallbusinesses createjobsforthemselvesandtheirneighborsandstrengthenthelocal economy. Entrepreneur Worksserveshundredsofentrepreneurseach year empoweringsmallbusinessownersfromall walksoflifetosucceedandbuildsustainablecommunities.
Entrepreneur Works is clientfocused and distinguishes itself with flexibility in serving our client entrepreneurs. We offer access to affordable loans business training and oneonone guidance which is offered to the business owner before during and after applying for a loan. By connecting hundreds of entrepreneurs each year with access to capital oneonone technical assistance business training and networking opportunities Entrepreneur Works helps promising individuals to develop stronger business practices build wealth and create job opportunities through business ownership.
For more information please visit www.MyEntrepreneurWorks.
POSITION SUMMARY:
Entrepreneur Works is seeking a dynamic selfmotivated and customerfocusedLoan Officer to be responsible for originating underwriting and servicing small business loans with a focus on entrepreneurs who lack access to traditional nancing. This role involves working closely with applicants to assess creditworthiness structure loans and provide guidance on nancial management. The Loan Officer will also develop relationships with community partners to generate referrals and expand access to capital. The Loan Ocer will ensure that existing and new nancial products and business services align with the organizations mission and serve the markets needs.
PRINCIPAL RESPONSIBILITIES
Loan Origination & Underwriting
- Identifyandengagepotentialborrowersprovidingguidanceonloanproductsand applicationrequirements.
- Work with the Director of Lending and credit analysts to conduct nancial analysis assesscreditriskandstructureappropriateloanterms.
- Preparecreditmemosandpresentloanrecommendationstothecreditcommittee.
- Ensure compliance with internal policies and regulatory requirements.
Business & Product Development
- Build relationships with referral partners including banks community and business development organizations chambers of commerce and local government agencies.
- Represent Entrepreneur Works at community events and business training workshops and forums to promote lending programs.
- Workwithseniormanagementteamtodevelopandimplementloanproductiongoalsin accordancewithorganizationsstrategicandannualoperatingplans.
- Identifyopportunitiestoimproveoutreachandnancialinclusionefforts.
- Contribute to new product development including researching and analyzing market needs and analyzing credit risks of new product opportunities.
Client Support & Portfolio Management
- Assist borrowers throughout the loan origination and closing process.
- Coordinatetheloanclosingprocesswiththeportfoliomanagementteam.
- Work collaboratively with lending and entrepreneur service staff to coordinate ongoing technical assistance to borrowers.
Other Related Responsibilities
- Assist with the preparation of industry and funder surveys and reports.
- Workwiththeseniormanagementteamtoprepareproposalsforthefundingandfinancing ofoperationsandtheloanfundforcurrentneedsandanticipatedgrowth.
- Coordinatewithstafftoensurethatdatacollectionreportingandfilingsystemsmeetthe organizations reporting needs and comply with all contracts funder and audit requirements.
QUALIFICATIONS SKILLS AND EXPERIENCE
- Experience:Aminimumof3to5yearsinsmallbusinessormicrolendingbanking economicdevelopmentorarelatedeld.
- Education:Bachelors degree in business administration accounting or finance preferred. Professional experience commensurate with the responsibilities outlined will be considered if the candidates educational background does not align with the positions requirements.
- CommunicationSkills: Excellent verbal and written communication skills with a customercentric approach to interactions.
- Analytical Skills:Strong financial analysis and credit underwriting skills.Understanding small business operations and challenges particularly for underserved entrepreneursispreferred.
- Software proficiency:ComfortusingloanmanagementsoftwareandtheMicrosoftOffice Suite applications. Experience with relational database applications aplus.
PERSONAL ATTRIBUTES:
- Customer Focus:Dedicationtoprovidingexceptionalserviceandsupporttoloanapplicant prospects andborrowers.
- TeamPlayer:Collaborativemindsetandwillingnesstoworkcloselywithcolleaguesinasmall team environment as wellas the ability to take the initiative work independently and manage competingprioritieswithamodestamountofsupervisionanddirection.
- Adaptability:Ability to multitask prioritize workload and adapt to changing priorities. This position requires a high degree of selfmotivation dedication creativity and perseverance as well as exibility with work hours.
- Ethical Conduct:Commitmenttohandlingsensitiveborrowerinformationwithintegrityand condentiality.
- Commitment to Mission:Demonstrated interest in micronance entrepreneurship and working with diverse and underserved populations.
COMPENSATION & BENEFITS
- Competitive salary based on experience.
- Health dental and retirementbenets.
- Professional development and trainingopportunities.
- Hybrid work optionsavailable.
HOW TO APPLY
Interested candidates should submit a resume and cover letter to Antoinette Truehart Chief Operating Officer with Loan Officer Application in the subject line. No phone calls please.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
