Loan Officer

Description

About the Organization

The Momentus Capital branded family of organizations - which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies - is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions. Our suite of products and services, experience, and scope will foster equitable job creation, wealth building, and economic mobility.

Position Summary

The Loan Officer is responsible for developing loan prospects within a defined market for a variety of loan programs. The ideal candidate will generate a productive business referral network of banks and support organizations, establish themselves as a resource for small business and economic development industry professionals and create a steady pipeline of leads for loan pre-qualification. Compensation will include a base salary with incentive payouts based on delivery of prequalified loans to the loan production team and ultimate loan funding generated from the pipeline.

Essential Responsibilities

• Effective community outreach is vital at the outset to ensure success in this role. Proactively engage with centers of influence (COIs), such as banks, non-bank lenders, small business support organizations, networking groups, government agencies, and other key stakeholders, to establish meaningful connections and create opportunities to serve entrepreneurs seeking credit.
• Develop invitation opportunities for speaking engagements to groups or individuals that will yield loan leads and expand the loan referral network within the assigned territory.
• Represent CDC at business and industry events.
• Review basic financial data (tax returns and financial statements) to pre-qualify and analyze loan applications for eligibility and credit worthiness using CDC credit guidelines and spreadsheet tools.
  
  

Requirements

• Bachelor’s degree in business, marketing, economics or finance-related field from a recognized college or university – or – equivalent qualifying experience in sales.
• Minimum 1-2 years of sales experience, preferably in finance products or services.
• General commercial or small business credit knowledge, preferably in a mission-based or SBA loan department.
• Market connections and network of business contacts.
• Working knowledge of Microsoft Office.
• Excellent sales techniques and presentation skills with an ability to educate key audiences on a variety of lending programs and advantages to working with CDC.
• Proven track record of prospecting new businesses and developing referral networks.
• Possession of a valid Driver’s License.
• Spanish language proficiency a plus
  
  

Benefits

The salary range for this position is $74,828- $82,000 and is eligible for an annual incentive.

This role is remote and is commission role

All employees must be legally authorized to work in the United States. The Company will not sponsor applicants for work visas.

EEO: Momentus Capital is an equal opportunity employer committed to a diverse work force; and, as such, is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.