What are the responsibilities and job description for the Program Director, Economic Development - Small Business Development Officer (BDO) position at New Jersey Community Capital?
N ew Jersey Community Capital is a nonprofit community development financial institution (CDFI) that provides an innovative toolkit of financial products, programs, and services to advance equity and opportunity in the communities we serve.
Program Director, Economic Development - Small Business Development Officer (BDO)
New Brunswick Office - 5 days a week
At New Jersey Community Capital (NJCC), our Lending Department is committed to empowering local communities by providing innovative and flexible financing solutions to small businesses, real estate developers, and nonprofit organizations. As a mission-driven lender, our loan programs are designed to preserve affordable housing, increase access to quality education and healthcare, stimulate economic growth, and catalyze community investments. By investing in education, arts, and community infrastructure, we help build vibrant, resilient communities across the country.
The Program Director, Economic Development-Small Business Development Officer position is a member of the Lending Team.
The Business Development Officer (BDO) will be responsible for developing new referral sources, growing existing partnerships, and participating in approved community events for the purpose of originating small business and commercial loans.
The BDO will identify the structure of the appropriate loan products, perform credit analysis, collect and review all minimum required documents, additional financials, and other documentation, as necessary for both the business and individual borrower(s) to submit the initial and final packaged request to the Credit Team.
The person in this role works to ensure that existing products and services are relevant to market needs and to develop new products and services when needed.
Performance contributes to the establishment and maintenance of the organization's position as a leader in the economic development finance industry. Business Development Officers are change agents; passionate about ensuring that small businesses across our community have access to safe and affordable capital. Some travel may be required.
Qualifications :
- Bachelor's degree in business, finance, or a related field
- 7 years' experience in small business and commercial lending is preferred.
- Knowledge of business fundamentals and the business acumen to perform basic analysis of Business and Personal Tax Returns, Interim Financials, Bank Statements and Debt Schedules.
- Demonstrated ability to build a book of business within emerging territories.
- Exposure to business credit underwriting is preferred.
- SBA lending programs experience preferred.
- Strong relationship management skills
- Demonstrate strong tactical business development and negotiation skills.
- Ability to manage multiple and competing priorities in pursuit of business priorities.
- Excellent written and verbal communication skills with individuals at all levels, (internally and externally).
- Strong PC skills; proficient in MS Word, Excel, and PowerPoint.
- Proven track record of demonstrating strong business judgment.
- Strong sense of urgency, with the ability to thrive in a fast-paced environment.
- Commitment to teamwork and ability to work collaboratively.
- Knowledge of federal, state, and / or local subsidy and technical assistance programs required, including (but not limited to) SBA Programs, state guaranty programs and other small business lending programs, a must.
Duties and Responsibilities
Business Development :
Loan Processing and Closing :
Relationship Management :
Loan Portfolio Management and Compliance :
Read about us :
About Us | New Jersey Community Capital
Success Stories Archive | New Jersey Community Capital
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