Loan Officer MCDC

Insight HRM•Traverse City, MI

13d•Remote

About The Position

Michigan Certified Development Corporation (MCDC) is hiring a Loan Officer to develop SBA 504 loan opportunities within a territory primarily covering the Upper Peninsula and Northwest Lower Peninsula of Michigan. The role develops referral networks and advises lending partners and borrowers on loan structure, underwriting, and closing. The position is based at a remote professional office, with a significant amount of time spent in the field visiting lenders and borrowers. Weekly travel across the territory and occasional overnight travel are expected. MCDC is a statewide economic development organization authorized by the U.S. Small Business Administration (SBA) to administer SBA loan programs throughout Michigan. It provides financing to small businesses to support growth, job creation, and economic development. The Loan Officer works collaboratively with colleagues and lending partners and may take on other duties as assigned. MCDC states that duties and responsibilities may change with or without notice.

Requirements

At least 5 years of prior commercial lending experience.
Valid driver's license.
Eligibility to work in the United States.
Ability to obtain clearance from the U.S. Small Business Administration.
Must pass a comprehensive background check.
Complete the in-house training program successfully.
Strong attention to detail, organization, and problem-solving abilities.
Ability to work collaboratively with a team and independently with little guidance.
Interpersonal, communication, and computer skills, including the ability to use standard office equipment and business software.
Ability to partner with a dynamic leadership team and demonstrate integrity, credibility, and commitment to MCDC's mission.
Flexibility, multitasking ability, and resourcefulness in setting priorities in a fast-paced, ambiguous environment.
Ability to converse verbally and in writing and to work flexible hours as needed.
Ability to travel within the community, including occasional overnight travel.
Bachelor's degree in accounting, business, economics, or finance, or an equivalent combination of education and experience, preferred.

Nice To Haves

SBA lending experience.
Commercial real estate lending experience.

Responsibilities

Build and maintain relationships with lending partners to expand SBA 504 loan activity.
Determine borrower eligibility and appropriate financing, and assist borrowers through the loan process, including closing and funding.
Provide group and individual training for lenders and other Centers of Influence (COIs).
Host marketing and educational events for lenders and COIs to encourage business partnerships.
Develop referral sources and networks in other industries that may use the SBA 504 Loan Program.
Apply knowledge of SBA Standard Operating Procedures to assess loan applications for accuracy, completeness, and eligibility.
Analyze financial statement spreads and repayment capacity for borrowers, affiliated businesses, and corporate and personal guarantors.
Review program eligibility.
Understand document collection requirements for each loan type and collect required documents from borrowers and partners.
Cross-train others as assigned and maintain procedural documentation for relevant tasks and responsibilities.
Prioritize work according to necessity, complexity, and deadlines.
Maintain working knowledge of department systems and collaborate with team members to accomplish MCDC objectives.
Perform other duties as assigned.
Travel throughout the territory to meet with lenders and borrowers and attend events, conferences, and meetings.