Loan Officer

Background

CEDS Finance is a non-profit micro-lender whose mission is to support the American Dream of financial self-sufficiency by assisting refugees, immigrants, and those from underserved communities in Metro Denver through access to capital and small business support. We are a team of passionate, high-performing, and self-managed professionals seeking like-minded individuals to join us.

Summary

The Loan Officer (aka Investment Officer) will help entrepreneurs achieve their financial goals of successful business ownership by underwriting business loans using character-based or judgment-based underwriting methods. This will be accomplished through outreach, loan-readiness assessments, and providing technical assistance during the loan application process. The ideal candidate will be driven by our mission to foster economic development and provide access to capital for small businesses and entrepreneurs who face barriers to traditional financing.

Responsibilities

Responsible for processing and underwriting loan applications, providing technical assistance to CEDS Finance clients, and supporting the loan department in all manners. This includes tracking applicants, reviewing intake forms, performing loan intakes, analyzing business plans and supporting documents, and conducting financial underwriting.

Requirements

Qualifications and Essential Skills

• A. or B.S. degree is required; preference for a degree in Finance, Economics, Accounting, or Business Management. Master’s degree is strongly preferred
• Two to five years experience (domestic or international) in commercial underwriting, impact investing, finance, business consulting or business plan preparation
• Strong financial analysis skills including understanding the linkages between the various financial statements, and a proficiency in Excel
• Interest in impact investing or socially-minded businesses is desired, experience is preferred
• Ability and experience working with low-income individuals of wide-ranging cultures
• Ability to work effectively in a team and can operate independently as tasks require
• Proficiency with MS Office Suite (Word, Excel and PowerPoint). Experience with DownHome Solutions, Equifax, Credit Builder, or similar is preferred
• Proactive, professional and hardworking with strong organizational and analytical Flexible with an interest to learn and develop professional skills
• Bilingual highly preferred (Spanish, Somali, Arabic, Oromo)

Compensation and Benefits

Salary & Benefits:

Hiring range $60,500 – $72,600 annual salary with an annual performance-based bonus

Other Benefits Include:

• Competitive health, dental, and vision benefits
• Flexible Spending Account
• 403(b) retirement plan with employer match
• Generous paid time off and holiday policies
• A hybrid in-office/remote work schedule after initial 90-day training period

How to Apply

Candidates should submit their resume and a cover letter that addresses the responsibilities and qualifications listed above to [email protected] with the text “Loan Officer” in the subject line. Be sure to visit https://www.cedsfinance.org/careers/ to view the full job description.