Loan Officer

WBD, one of the country’s top Certified Development Companies (CDCs), is expanding its Loan Officer team in Madison, WI. A CDC is an organization that works with the U.S. Small Business Administration (SBA) to provide financing to small businesses. CDCs are involved in various economic development activities, including providing loans to small businesses to help them grow and create jobs. They often manage programs like the SBA 504 Loan Program, which offers long-term, fixed-rate financing for major fixed assets such as land and buildings.

WBD is unique in that it is a non-profit, mission-driven organization, which reports to a Board of Directors rather than corporate shareholders or owners. We highly value our employees and, although we are one of the top CDCs, we are a small family-feel organization that succeeds through teamwork. Madison, consistently ranked as one of the best places to live in the US, is a vibrant and growing market.

WBD Loan Officers are supported by top-notch underwriting, closing, and servicing teams that know how to get things done. We are committed to our mission of economic development primarily through SBA’s 504 program.  Senior management is both supportive and active in keeping projects moving along as quickly as possible.  In addition, WBD loan officers are supported in their markets by a focused program of outreach and marketing efforts. 

WBD offers competitive pay (commensurate with experience), generous incentive bonus program, insurance (health, dental vision, life, short-term and long-term disability), 401k match with immediate vesting, and a generous PTO policy, A leader in training and developing staff in the commercial finance industry, we are committed to professional development for every employee. In addition, WBD will pay moving expenses for the successful candidate.  

Job Summary: 

Under general supervision, originate SBA 504 loans; establish and maintain relationships with financial institutions, economic development groups, centers of influence (i.e., Attorneys, CPA’s), and small business owners to generate WBD product sales. Serve as a business finance resource for commercial lenders in the market and for the small business community. Reach out to hr@wbd.org for a full job description. 

Job Requirements: 

• A bachelor’s degree in finance, accounting, business, economics, or related field is required. 
• 2 or more years of commercial lending and relationship management experience required. 
• 4 or more years of credit underwriting experience preferred. A sound understanding of credit underwriting practices is required. 
• Effective customer service, project management, and business development experience required. 
• Experience with SBA loan programs required. 
• Valid Driver’s License

Job Type: Full-time

Pay: $85,000.00 - $120,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Opportunities for advancement
• Paid time off
• Parental leave
• Professional development assistance
• Vision insurance
• Wellness program
• Work from home

Compensation Package:

• Bonus opportunities

Schedule:

• 8 hour shift

People with a criminal record are encouraged to apply

Ability to Commute:

• Madison, WI 53718 (Required)

Ability to Relocate:

• Madison, WI 53718: Relocate before starting work (Required)

Work Location: In person

Salary : $85,000 - $120,000