Small Business Loan Officer and Underwriter - MD

The Latino Economic Development Center (LEDC) is a non-profit, tax-exempt community development organization founded in 1991. LEDC’s mission is to drive the economic and social advancement of low- to moderate-income Latinos and other underserved communities by equipping them with the skills and tools to achieve financial independence and become leaders in their communities. We achieve our mission through small business development and lending, homeownership group education and individual counseling, and affordable housing preservation.

LEDC is a US Treasury certified Community Development Financial Institution (CDFI) and a Small Business Administration (SBA) Microloan Intermediary and Community Advantage lender. LEDC currently lends between $5,000- $250,000 for small or emerging businesses unable to obtain financing from mainstream banks and from $500-$2,500 for consumers to build, repair credit or purchase energy-efficient appliances.

Essential Job Duties/Responsibilities:

  • Help the organization generate a constant inflow of new lending clients.
  • Underwrite small business loan transactions, including business plan reviewing, financial analysis and due diligence.
  • Prepare credit analysis and recommend memos for review and approval.
  • Verify feasibility and structure of proposed loan and the character, capacity, collateral, and cash flow of the borrowers.
  • Meet individual and regional goals, and objectives as assigned.
  • Develop and maintain relationships with individuals and organizations with strong community ties that are consistent with LEDC's mission. These organizations may include, but are not limited to, credit unions, banks, certified development companies, chambers of commerce, governmental agencies, etc.
  • Assist our portfolio management team in working with clients whose loans are past due and/or their business is showing signs of trouble.
  • Support portfolio team with ad hoc reports as needed.
  • Provide pre-loan technical assistance to help business owners navigate and complete the loan application process.
  • Plan and develop skill building group trainings that provide small business owners with the business tools needed to be successful.
  • Maintain close customer contact to ensure continued satisfaction, and to follow or anticipate additional financing needs.
  • Monitor and report changes in credit quality.
  • Ensure that LEDC is in possession of current financial information and that proper and complete credit files are on hand.
  • Participate in promoting LEDC products and services at different functions.

Education and Experience Qualifications Required:

  • Bilingual (English/Spanish)
  • 2+ years of experience with a commercial lender a must
  • Bachelor's degree in Business Administration, Accounting or Finance (preferred)
  • Experience providing small business technical assistance and/or training (preferred)
  • Excellent communication and presentation skills, both written and verbal
  • Proficient computer skills using Microsoft Word, Excel, Power Point and Outlook
  • Demonstrated commitment to working with low income communities
  • Hands on experience working with small business owners is a plus
  • Available to work occasional nights and weekends as needed
  • Experience and/or familiarity with small business financial management and marketing
  • Understanding of small business development as a tool for community-based economic development

Salary is negotiable depending on experience and qualifications.

To apply, send a cover letter and resume to [email protected]. Please put the job title in the subject line. No phone calls, please.

Given our industry, the types of services we offer and communities we serve, the organization may obtain consumer reports, or investigative consumer reports, in connection with your employment application. Investigative consumer reports include investigations conducted by consumer reporting agencies through personal interviews on information as to character, general reputation, personal characteristics, or mode of living.

You may make a written request for disclosure of the nature and scope of any investigative consumer report. Investigative consumer reports include record checks and may contain information culled from interviews with former employers, business references, and/or personal references. You can access a separate document entitled “Summary of Your Rights under the Fair Credit Reporting Act” here . Reports will be obtained from Insperity Employment Screening, 19001 Crescent Springs Dr., Kingwood, TX 77339.

LEDC is an EEO employer committed to providing equal employment opportunities to all applicants and employees. In accordance with applicable laws, regulations, and Executive Orders, LEDC takes affirmative action to ensure that applicants and employees covered are not discriminated against because of their race, color, religion, national origin, sex (gender), age, disability, pregnancy, marital status, sexual orientation, personal appearance, gender identity or expression, family responsibilities, political affiliation, veteran status, genetic information, or any other characteristic that is protected by applicable law. For more information about your equal employment opportunity rights, please view this poster: EEO is the Law. LEDC also participates in E-Verify.

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