Loan Officer

State of Ohio • Columbus, OH

1d • Onsite

About The Position

The Ohio Department of Development’s Minority Business Development Division is looking for a Loan Officer to help expand and grow Ohio’s minority business economy. This position requires you to work in the office Monday-Friday with flexibility in starting and ending times. The job is located in the Vern Riffe building, 77 South High St. Columbus, OH 43215.

Requirements

• Working knowledge of business lending programs and commercial lending.
• Previous experience working in a bank, credit union, Community Development Financial Institution or other economic development business lending organization performing business credit and debit service analysis required.
• Excellent written, verbal and interpersonal communication skills as well as analytical and prioritization skills.
• Proficiency in using MS Suite.

Nice To Haves

• Bachelor's degree in finance or accounting OR bachelor's degree in another area + previous work experience in finance, accounting or commercial lending preferred.
• Economic development/business development experience helpful.

Responsibilities

• Assist in administering multiple loan and incentive programs, including Minority Business Direct Loan, Collateral Enhancement, Ohio Micro Loan, Women’s Business Enterprise Loan, and CDFI Loan Participation programs.
• Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria.
• Prepare detailed loan package write-ups, including financial and market analysis, and present requests to the Minority Development Financing Advisory Board.
• Prepare loan documentation for Controlling Board review and manage applicant correspondence related to awards and disbursement of funds.
• Perform credit analysis, including reviewing financial statements, tax compliance, job creation verification, loan covenants, and payment histories.
• Connect minority, small, and disadvantaged businesses across Ohio with relevant financial and developmental resources.

Benefits

• Medical Coverage
• Free Dental, Vision and Basic Life Insurance premiums after completion of eligibility period
• Paid time off, including vacation, personal, sick leave and 11 paid holidays per year
• Childbirth, Adoption, and Foster Care leave
• Education and Development Opportunities (Employee Development Funds, Public Service Loan Forgiveness, and more)
• Public Retirement Systems ( such as OPERS, STRS, SERS, and HPRS ) & Optional Deferred Compensation ( Ohio Deferred Compensation )

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level