Loan Officer, At Large
Company: Cinnaire Corporation
Locations: Lansing, MI; Detroit, MI; Grand Rapids, MI; Chicago, IL; Indianapolis, IN; Madison, WI; Wilmington, DE
Job Function: Lending/Loan Operations
Background
Who we are
Cinnaire is a mission-driven organization. Our team of more than 150 individuals are united by our core purpose. As dedicated problem solvers, we start each day thinking ‘what kind of difference can we make in people’s lives today?’ and then go about revitalizing communities, empowering individuals and creating economic opportunities.
What we do
We get involved. We spend time on the ground in the communities we serve, getting to know the people, understanding their challenges, and devising out-of-the-box solutions. Ours is a people-first approach to advancing communities. As a community development financial organization, we provide creative capital solutions to projects with high social value that may not otherwise receive support from traditional financial institutions. Our toolkit of services includes programs that lend funds, finance development and manage and build all the components of strong, vibrant communities.
How we do it
We help community development organizations, lending partners and socially motivated investors accomplish goals in underserved communities. We fill gaps in community development funding by leveraging capital from public and private sector organizations and bringing expertise to communities that need it most.
Where we serve
Since 1993, Cinnaire has funded affordable housing developments and community development initiatives throughout the Midwest and Mid-Atlantic states. Headquartered in Lansing Michigan, we have offices in Detroit and Grand Rapids, MI:, Milwaukee and Madison, WI; Chicago, IL; Indianapolis, IN; and Wilmington, DE, while providing financial and development support across our nine-state footprint including Michigan, Wisconsin, Minnesota, Indiana, Illinois, Pennsylvania, New Jersey, Delaware and Maryland.
Summary
The Loan Officer, At-Large (LOAL) is responsible for vetting loan opportunities and structuring loans in Cinnaire’s 9-state footprint. The LOAL maintains a pipeline of potential loan transactions in these markets in conjunction with Cinnaire’s Business Development team as well as other staff who refer loan prospects. The LOAL manages prospective borrower and other partner relationships, analyzing referred loans for credit risk and impact.
Responsibilities
- Builds trusting relationships with Cinnaire’s existing Business Development team, as well as with other staff at Cinnaire who refer potential loan transactions. Provides proactive customer service to internal stakeholders to ensure that loan referrals are handled promptly and professionally.
- Manages a pipeline of potential loan transactions that are consistent with Cinnaire Lending’s business strategy and credit policy.
- Serves as the point of contact on the Cinnaire Lending team for potential borrowers throughout the intake and feasibility assessment process, providing technical assistance as needed to structure viable loans.
- Supports loan pipeline data collection, tracking progress from referral through signed term sheet in Cinnaire’s pipeline system. Ensures a smooth and efficient handoff of borrowers to the underwriting team and provides ongoing customer service when needed as loans progress through underwriting.
- Makes recommendations for process improvements to support best practices in borrower intake, feasibility assessment, and provision of technical assistance.
Requirements
Qualifications and Skills:
- Bachelor’s degree from an accredited college or university required.
- Strong communication and financial analysis skills required.
- Five or more years’ experience in community development lending.
- Valid driver’s license.
Key Competencies:
- Analysis to Synthesis: Interprets data and information from multiple sources and translates it into coherent messages that inform decisions.
- Resource Optimization: Applies knowledge of internal structures and existing talent to accomplish a goal.
- Diversity Awareness: Identifies the benefits and advantages of harnessing the collective insights from various individuals in the organization.
- Costumer Focus: Stays ahead of customer needs and uses insight to develop new and/or modify client services.
Reporting Relationship: Reports to Director, Loan Originations
Supervisory Relationship: None
Physical Requirements:
- Ability to work on a computer for extended periods of time.
Travel Required: Up to 40%
Compensation and Benefits
Cinnaire offers a competitive compensation package.
Benefits Offered: Medical, Health Reimbursement Account, Flexible Spending Accounts (medical and dependent care), Dental, Vision, Life Insurance, Accidental Death & Dismemberment, Long-Term Disability, Employee Assistance Plan, Pet Insurance, Identity Theft Protection, Paid Mobile Phone Service, Unlimited PTO, Incentive Compensation, 403(b) Plan, and Profit-Sharing Plan.
How to Apply
Cinnaire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, status as a Vietnam-era or disabled veteran or any other characteristic protected by law. Cinnaire complies with all applicable federal, state, and local laws, regulations and ordinances prohibiting employment discrimination. Cinnaire is committed to the full inclusion of all qualified individuals. As a part of this commitment, Cinnaire is dedicated to providing access, and reasonable accommodation in its services, programs, activities, recruitment and employment for qualified individuals with disabilities.