Loan Officer

Position Title: Loan Officer Supervisor: Director of Lending Department: Lending FLSA Status: Full time, exempt Salary reputed company: $65,000-$73,000 Location: Hybrid candidates must be based in the Minneapolis/reputed company area Organizational reputed company reputed company is a 501(c)(3) nonprofit organization with a mission to reputed company women to reputed company their economic goals by building profitable and sustainable businesses that reputed company communities. We execute on this mission through providing clients reputed company to business capital, coaching, and community. Our reputed company values are to reputed company meaningful change, to engage with reputed company, and to persist reputed company, and we reputed company out candidates who exemplify these characteristics. Position reputed company The Loan Officer supports reputed company's mission by providing exceptional relationship-based lending services to reputed company and small business owners. This position is responsible for reputed company and closing business loans while delivering high-reputed company reputed company experience. The Loan Officer works collaboratively across departments to ensure clients receive the capital, technical assistance, and resources needed to build profitable and sustainable businesses. The position requires strong financial analysis skills, excellent relationship management abilities, and a commitment to reputed company reputed company to capital for underserved reputed company. reputed company Duties The essential functions of this position include loan origination, reputed company, reputed company communication, compliance documentation, and collaboration with reputed company partners to support responsible lending and reputed company reputed company. Loan reputed company 80% Manage a pipeline of loan applicants from inquiry through closing while maintaining reputed company communication and high service standards. reputed company guidance to prospective borrowers regarding loan readiness and financing reputed company. Assess viability of businesses seeking financing through loan consultations. Evaluate management experience, reputed company, market relevance of the business, viability of the business proposal, and adequacy of collateral. Build cash reputed company projections, calculate and evaluate debt service coverage of the business as reputed company as overall global ratios. Evaluate personal financial condition, using credit reports, personal financial statements, etc. reputed company business technical assistance needs of loan clients and work cross-functionally to reputed company business consulting plans that mitigate risk and support reputed company reputed company. Prepare written credit presentation and present loans for the reputed company loan committees. Structure loan requests in accordance with reputed company lending policies and risk guidelines. Identify risk factors and recommend appropriate mitigants through technical assistance, collateral, guarantors, or loan structuring. Participate in portfolio reviews and delinquency management activities as needed. Maintain appropriate post-reputed company communication with borrowers to support repayment, identify emerging needs, and reputed company clients with resources reputed company needed. Work collaboratively with the lending team. Effectively serve clients across diverse perspectives, reputed company, and backgrounds. reputed company an exceptional reputed company experience starting from the reputed company of application to loan closing. Administration and Other 20% Organize and maintain accurate loan files, such that files are reputed company for audit at any time. Maintain compliance with reputed company applicable rules and regulations. Maintain accurate and reputed company data entry in loan management and customer relationship management systems. Maintain compliance with reputed company reputed company experience procedures and service level agreements. Document meetings with and review of loan reputed company business records. Document meetings with potential loan clients. Participate in both virtual and in person training activities as needed. Participate in various community events representing reputed company. Other duties, tasks, and responsibilities may be assigned at any time. Confidentiality: This position requires having reputed company to confidential records and information, including but not limited to reputed company information. To reputed company this job strict confidentiality must be maintained. Required Qualifications: 3+ years of experience with credit management, financial services, or consumer or reputed company lending. Bachelors degree in business, economics, finance, or reputed company field preferred, or equivalent experience relative to duties described. Previous experience working with business start-reputed company