Small Business Loan Officer - Mission-based

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Job description

Small Business Loan Officer - Mission-based

JOB TITLE: Small Business Loan Officer-Mission-based (Full/Part time)

REPORTS TO: Director of Lending & Operations

The Women's Opportunities Resource Center (WORC) and its subsidiary The Economic Opportunities Fund (EOF)are both certified Community Development Financial Institution that provide financial and technical assistance to micro entrepreneurs and businesses in the Philadelphia area.

WORC offers a range of small business micro- financing products ranging from $500 to $50,000 and we link customers to a comprehensive array of financial education and other services provided by WORC. In addition, WORC is an approved Small Business Administration (SBA) Community Advantage (CA) lender that goes up to $250,000 to assist entrepreneurs purchase the real estate they operate out of. The ideal candidate has existing contacts with local financial institutions, economic development and business assistance organizations, community organizations, professional associations, economic development agencies and/or small business development centers and experience with Community Advantage or 7a loans.

RESPONSIBILITIES INCLUDE:

• Originate/package and underwrite loans in accordance with production expectations. Submit loans with required documents, and loan officer recommendation to MMS (LiftFund) for underwriting and present loans to the loan advisory council for approval where required.
• Go to community business owner's place of work to pick up documents and assist with getting the client "loan ready"
• Assist in growing the loan portfolio, specifically with loans ranging from $20-50,000 and/or Community Advantage loans up to $250,000
• Work one-on-one with entrepreneurs and business owners throughout the lending process to identify and address financing and business development needs.
• Provide training and technical assistance e.g. bookkeeping, business plan development, and other assistance as needed to the borrowers both before and after the loan closing.
• Work cross-functionally with other departments to maximize new business development and marketing efforts across the organization.
• Attend WORC staff and program meetings
• Perform other related duties, as assigned.

QUALIFICATIONS:

• Proficiency with Microsoft Office Suite Applications
• Proficiency with basic accounting and bookkeeping principles.
• Excellent organizational and analytical skills.
• Prior Lending experience, specifically with SBA 7a, CA or 504 loans
• Interest in community development, economics, and/or microfinance.
• A 4- year degree from an accredited university in a relevant disciple.
• Minimum of two years experience in community or economic development lending, and/or microfinance with lending institutions, government loan programs or community lenders with a solid understanding of consumer financing rules and regulations.
• Good public speaker with demonstrated marketing, sales, and/or community organizing skills.
• Organized self-starter with strong analytical skills and ability to multi-task.
• Customer service oriented, patient, flexible, with ability to accept and give constructive feedback and a sense of humor.
• Knowledge of Philadelphia and the surrounding four counties with willingness and ability to travel throughout the area to engage in marketing and outreach activities.
• Ability to work some evenings and occasional weekend days to attend meetings, seminars and events.

FOR CONSIDERATION:

Submit cover letter and resume with salary requirements to be considered for this position.

Job Types: Full-time, Part-time

Experience:

• Small business & 7a loan: 2 years (Preferred)

Education:

• Bachelor's (Preferred)

Location:

• Philadelphia, PA (Preferred)

Work Location:

• One location

Benefits:

• Health insurance
• Retirement plan
• Paid time off
• Flexible schedule
• Professional development assistance

Working days:

• Monday
• Tuesday
• Wednesday
• Thursday
• Friday

Hours per week:

• 30-39

Benefits:

• Retirement Plan
• Health Insurance
• Paid Time Off
• Paid Sick Time
• Opportunity for Advancement
• Professional Development Assistance

Paid Training:

• Yes

Management:

• Team Lead

Typical start time:

• 10AM

Typical end time:

• 6PM