Senior Loan Officer

Background

MCCD’s mission is “to work collectively to advance racial and economic justice by leveraging and stewarding community development resources”

Summary

The Senior Loan Officer (SLO) is responsible for originating and underwriting loans for small businesses, nonprofits, real estate developments, and owner-occupied commercial properties. The SLO will prepare credit memos and loan packages for presentation to the Loan Committees. Additionally, the SLO will actively market MCCD’s loan products and program to both current and aspiring entrepreneurs.

Responsibilities

Loan Structuring, Underwriting, and Approval

• Contribute to MCCD’s objectives by identifying new business opportunities and originating loans.
• Assess prospective lending opportunities to ensure they align with MCCD’s mission, target markets, and underwriting/credit criteria.
• Analyze cash flow, third-party due diligence reports, including appraisals, market assessments, zoning classifications, and environmental reports to evaluate viability and determine appropriate loan structure.
• Structure and negotiate financing proposals, preparing comprehensive loan packages for review and approval by the Loan Committees.

Program Support

• Collaborate with Business Advisors in structuring and negotiation of transactions.
• Orient new Business Advisors to MCCD’s loan policies, processes, and financial products.
• Provide guidance to Business Advisors on loan terms, products, and underwriting standards.
• Participate in transaction negotiations directly or indirectly by coaching and supporting the Business Advisors.
• Review draft credit memos prepared by Business Advisors offering guidance and recommendations to underwriters before submission to the Loan Committee.
• Engage in responsive and creative problem-solving, working closely with Business Advisors to ensure smooth progress of transactions.

Requirements

Assets of most interests include the following:

• Experience: A minimum of five (5) years in underwriting, credit analysis, or related roles in a financial institution or CDFI with significant experience in small business lending.

• Expertise: Strong understanding of underwriting principles, credit risk assessment methodologies, and regulatory requirements.

• Communication: Excellent communication and presentation skills, with the ability to clearly and engagingly convey complex concepts.

• Analytical Skills: Proven ability to vet and assess project feasibility, structure financing, and recommend favorable financing sources for the client.

•Collaboration: Demonstrated ability to work enthusiastically and effectively with diverse teams, individuals, and other CDFIs and financial institutions fostering a collaborative and inclusive environment.

• Mentorship: Strong ability to mentor and coach team members.

• Industry Knowledge: In-depth knowledge of CDFIs, consumer and small business lending, as well as community development principles.

• Commitment: A strong commitment to racial and economic equity.

• Integrity: Demonstrates ethical behavior, upholds organizational values, and takes responsibility for actions.

Compensation and Benefits

Salary Range: $75,000 – $86,000 per year

Benefits:

• Hybrid work environment

• Medical & Dental Insurance, with 100% of premium for employee + family paid by MCCD

• 403(b) plan

• Life insurance

• Long-Term Disability & Accidental Death and Dismemberment

• Generous paid holidays and PTO

• Parental Leave

• Professional Development Stipend

How to Apply

Please email a resume and cover letter in one PDF to [email protected]