Loan Officer MCDC

Insight HRM•Lansing, MI

10d•Hybrid

About The Position

Insight HRM is conducting a search for a SBA Loan Officer for Michigan Certified Development Corporation. Minorities are encouraged to apply. At MCDC, we believe that people are our most valuable resource. We are committed to creating and maintaining an organizational culture that promotes inclusion at every level of our organization and in the communities we serve. Location/Market Territory: Primarily within the Central Michigan Counties from Ingham to Iosco. About MCDC: MCDC is a statewide organization that has been at the heart of economic development in Michigan for over 35 years. It is authorized by the U.S. Small Business Administration (SBA) to administer SBA Loan Programs throughout the state. As the largest CDC in Michigan and one of the largest in the country, MCDC provides financing to small businesses, assisting them in growing their business, creating jobs and contributing to the overall economic growth in the state of Michigan. MCDC offers a competitive wage and benefits package program. For additional information about MCDC visit: www.michigancdc.org. Job Summary: The Loan Officer (LO) is responsible for developing a referral network within a geographic territory to develop new SBA 504 loan opportunities. LO advises third party lending partners and borrowers on structure, underwriting and the closing of SBA 504 loans.

Requirements

Bachelor's Degree in accounting, business, economics, finance or equivalent combination of education/experience preferred.
Valid Driver's License.
Minimum of 5 years of prior commercial lending experience (commercial real estate preferred), SBA lending experience preferred .
Extraordinary attention to detail, organization and problem-solving abilities.
Successful completion of in-house training program.
Ability to work collaboratively in a team and autonomously with little guidance.
Displays the confidence and competence to gain/maintain MCDC's credibility.
Takes initiative to learn, develop oneself and see things through from start to finish.
Proven interpersonal, communication and computer skills; ability to operate standard office equipment such as computers, copiers, etc.
Excellent people skills, displaying an ability to partner with a dynamic leadership team.
Possess personal qualities of integrity, credibility and commitment to the Mission.
Flexible and able to multitask; can work within an ambiguous, fast-pace environment while driving toward clarity and solutions; demonstrated resourcefulness in setting priorities.
Weekly travel within the LO territory.
Candidate must be eligible to work in the United States.
Must possess a valid driver's license.
Must be able to obtain clearance from the U.S. Small Business Administration.
Ability to converse verbally and in writing with others.
Ability to utilize general office equipment, Internet and various business software programs (i.e. MS office).
Ability to work flexible hours as needed.
Ability to travel within the community to attend various events, conferences and meetings with occasional overnight travel.
Must pass a comprehensive Background Check.

Nice To Haves

SBA lending experience preferred

Responsibilities

Nurture existing and create new relationships with lending partners to expand the SBA 504 loan programs
Determine the eligibility and appropriate financing for borrowers and assist them through the entire loan process including closing and funding
Conduct group and individual training for lenders and other COIs (Centers of Influence)
Host marketing and educational events for lenders and COIs to encourage business partnerships
Develop referral sources and networks to expand business referrals from other industries that may utilize the SBA 504 Loan program
Applies knowledge of SBA Standard Operating Procedures (SOP) to evaluate loan applications for accuracy, completeness, and eligibility
Performs analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors
Review program eligibility
Understands the document collection requirements of each loan type and collects the required documents from borrower/partner.
Cross-train others, as assigned.
Maintains procedural documentation of relevant tasks/responsibilities.
Prioritizes work according to necessity, complexity and deadlines.
Demonstrates excellent working knowledge of all systems utilized by the department.
Works harmoniously and collaboratively with team members to accomplish MCDC objectives.
Assist with other duties as assigned. Duties, responsibilities and activities may change at any time with or without notice.