Business Loan Officer, FINANTA

Posted by FINANTA on July 28, 2014

I. Job Title: Business Loan Officer

Supervisor: Director of Business Lending

Location: Philadelphia, Pennsylvania

II. POSITION SUMMARY

The Business Loan Officer (BLO) generates, underwrites, and settles FINANTA loans. The BLO services a loan portfolio of microenterprises and small businesses; provides technical assistance to borrowers on an ongoing basis; and assists with the expansion and development of FINANTA’s lending programs and products.

III. BACKGROUND

FINANTA’s individualized technical assistance and financing solutions provides our clients — mostly under- or un-banked individuals — with the means to build credit and develop economic self-sufficiency over time. FINANTA was founded in 1996 and in its history has settled over 750 loans totaling $38.7 million. FINANTA is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI) and a Community Development Entity (CDE), by the U.S. Small Business Administration as a Microloan Intermediary, by the Commonwealth of Pennsylvania as a CDFI, and by the Pennsylvania Housing Finance Agency’s as a residential lender for the Home Purchase program.

IV. RESPONSIBILITIES

• Develop a plan to increase customer base and build strong referral relationships city-wide
• Assess and identify loan prospects; manage referrals from intake to settlement
• Assist clients throughout the application process providing hands-on technical assistance at all stages
• Support program impact tracking by inputting results in the loan servicing software (TEA), i.e. jobs created/retained, assets gained, credit score improvement, etc.
• Perform client site visits and default/foreclosure assistance as needed
• Understand and support FINANTA’s mission, and align work and values accordingly
• Follow policies and procedures, complete tasks correctly and on time, contribute to lending goals/objectives
• Approach others in a tactful manner, react appropriately under pressure, and accept responsibility
• Follow instructions, respond to directions, keep commitments, understand level of confidentiality required by the position, and show flexibility in working schedule to meet organization’s and customer priorities
• Tend to evening and weekend work as needed, including local events and conferences

V. REQUIREMENTS

• An Associate’s or Bachelor’s degree in related field
• At least one (1) year or more experience in mission-driven lending
• Expertise in personal credit review and counseling
• Strong analytical skills
• Experience in business underwriting and analysis
• Excellent written and verbal communication skills
• Loan document preparation experience
• Microsoft Office and loan servicing software expertise
• Individual and team work
• Detail and accuracy essential
• Valid Driver’s License
• Travel required (approximately 25%)
• Spanish language proficiency preferred; other language proficiency to be considered

VI. COMPENSATION AND BENEFITS

FINANTA provides a competitive salary. Full-time position with excellent benefits package, including: medical, dental, matching retirement contribution and paid time off. FINANTA is an equal opportunity employer.

http://www.idealist.org/view/job/6hwPj6876X74