Loan Officer

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Columbus, MS, US

14 days ago Requisition

Salary Range: $54,000.00 To $57,000.00 Annually

The Lending Officer I position is responsible for marketing of loans products and other services available from Communities Unlimited (CU); originations, underwriting and managing loan requests from throughout our target market; monitoring the performance of loan portfolios; and providing accurate and complete impact data for reporting. This position is responsible for developing and managing a variety of relationships, including with borrower organizations;

financial institutions; state and federal agencies; consultants and advisors; other public/private institutions; peers and team members; loan committees; and the CU Senior Leadership Team. The Loan Officer will contribute data, stories, and other information needed for the marketing and/or fundraising efforts of the Senior Leadership Team.

This role works from home, however candidate must currently live in Mississippi.

CU offers a range of benefits, including medical, dental, and vision insurance, a Health Savings Account with annual employer contributions, Flexible Spending Accounts, company-paid Short-Term & Long-Term Disability and Basic Life Insurance. An Employer 401k Match, paid holiday, vacation and sick time.

• Option A – A bachelor’s degree in accounting, finance, business, or related field and 1 year experience underwriting in a CDFI capacity and servicing small business loans.
• OR
• Option B – 5 years' experience underwriting in a CDFI capacity and servicing small business loans.
• Must maintain a valid driver's license, have reliable transportation, an acceptable driving record, and at least the state minimum personal liability auto insurance coverage.
• Must be authorized to work in the USA.

• Preference is given to individuals who also have accounting experience.
• Excellent written and verbal communications skills
• Ability to work well with others, build and maintain strong professional and client relationships
• Ability to facilitate workshops and training both in person and virtually
• Excellent organizational and time management skills
• Ability to learn to use other computer software as required for this position
• Ability to work independently
• Excellent customer service skills and/or experience

• Meet with potential borrowers and originate new loans
• Underwrite loan requests, determine risk, identify risk analysis
• Document all loan decisions including minutes of loan committees; loan approvals and declines; loan modifications; monitoring; etc.
• Prepare written loan recommendations (credit memos) for the appropriate loan committee
• Coordinate and assist with loan closings, ensuring that documents are properly prepared and executed
• Maintain ongoing customer relationships and monitoring of lending portfolios.
• Coordinate managerial assistance for borrowers as needed with CU’s on-the-ground consultants and Technical Assistance Providers
• Work with the lending team to evaluate new loan products and services that will support CU’s long-term growth and sustainability and contribute to CU’s mission

• Update loan software, client databases and other electronic reporting files
• Manage problem loans and make recommendations to supervisor and/or appropriate Loan Committees to help borrowers be successful and control loan losses
• Assist in the preparation of reports and/or other documents required by partners, funders and others
• Participate in and support Loan Committee activities
• Provide required reports and other support for Board meetings
• Participate in internal meetings, reviews, and updates to Loan Policies and Procedures
• Work with supervisor to complete detailed work plans and action plans to manage work and performance.
• Manage lending data and produce accurate and timely reports upon request and per…