Loan Officer

CIC is expanding into Southern Virginia, and we’re seeking an entrepreneurial and engaging Loan Officer to play a crucial role in this growth. The position will be at the forefront of bringing microloan and financing options to small business owners in Southern Virginia, focusing on the cities of Danville and Martinsville and the counties of Pittsylvania, Henry, and Patrick. This role offers a unique opportunity to make a lasting impact on the region’s economic landscape by providing vital access to capital and comprehensive support for under-resourced entrepreneurs, contributing to economic development and community strengthening through our inclusive and collaborative approach.

A. JOB SUMMARY

The Loan Officer is a full-time professional position responsible for managing relationships with potential borrowers of CIC’s lending programs. The Loan Officer works directly with entrepreneurs to support them during the loan application process and conducts regular check-ins after loans are made. The role will require significant travel throughout 15 counties in southern Virginia, with a focus in the greater Danville and Martinsville area. The ideal candidate would be self-motivating, strong in both independent and collaborative work, and comfortable and skilled in having engaging conversations. The Loan Officer will report to CIC’s Director of Lending and Operations.

This person would be part of a team culture that thrives in ownership, constructive question-asking, and a deep understanding that our impact is collaborative.

B. DUTIES AND RESPONSIBILITIES

Within the limits of the CIC’s programs, policies, procedures, and budget, the Loan Officer is responsible for and has authority to perform the duties listed below:

• Responsible to CIC’s small business lending goals for its Southern Virginia expansion
• Assists with community outreach and engagement to promote loan program and identify prospective applicants
• Collaborates with the CIC RISE Navigators to identify client’s financing needs
• Meets with potential borrowers to identify needs, assess readiness and guide through loan application process
• Underwrites completed applications and presents to the CIC loan committee
• Manages all aspects of loan closing after approval and properly securing collateral
• Maintains knowledge of SBA procedures and organization loan policies
• Provides outstanding customer service to assist borrowers with any questions they may have about their current outstanding balances or any documentation needed.
• Supports the department through maintenance of electronic and paper borrower files.
• Ensures records are complete and organized. Manages all aspects of the external collateral filings
• Engage with borrowers after closing for continuous relationship building
• Engage with delinquent borrowers to encourage good standing

C. REQUIRED QUALIFICATIONS

• 1-2 years of working experience in business or nonprofit sectors
• Ability to communicate effectively, gain trust, and work with low-income individuals of diverse backgrounds
• Ability to work effectively in a team and operate independently as tasks require
• Proficiency with Google Workplace and MS Office Suite (Word, Excel, Google sheets, Google folders, etc.)
• Intermediate Excel skills with the ability to understand and write basic formulas, develop charts and graphs for presentations, and summarize large datasets.
• Ability to learn loan management systems and databases, credit information systems, and public record research, such as DownHome Solutions, Transunion, Lenderfit, and CBA Reporter
• Proactive, professional, and hardworking, with strong organizational and analytical skills
• Excellent interpersonal and problem-solving skills
• Ability to travel to meet with clients as needed in the Southern Virginia area

D. PREFERRED QUALIFICATIONS

• B.A. or B.S. degree; preference for a degree in Finance, Economics, Accounting, Business Management or equivalent experience
• Experience in micro-lending and/or business consulting
• Experience as an entrepreneur, owning a business, or working for a startup business
• Mastery of financial terms and understanding of the complexities of business finance
• Knowledge of entrepreneurial life cycle and how businesses work
• Financial certifications, licensures, or other forms of financial expertise

E. COMPENSATION

Full time compensation of $55,000 to $60,000 annually plus health insurance, dental insurance, and retirement match.

F. HOW TO APPLY

Please send a cover letter and resume to people@cicville.org. Priority consideration will be given to applications received by October 22, 2024. The position will remain open until filled.

Job Type: Full-time

Pay: $55,000.00 - $60,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Paid time off
• Professional development assistance
• Retirement plan

Schedule:

• 8 hour shift
• Monday to Friday
• Weekends as needed

Application Question(s):

• Are you located and willing to work in Southern Virginia, focusing on the cities of Danville and Martinsville and the counties of Pittsylvania, Henry, and Patrick.??

Education:

• Bachelor's (Preferred)

Experience:

• Loan officer: 1 year (Preferred)
• Business analysis: 1 year (Preferred)

Work Location: In person

Salary : $55,000 - $60,000