Business Loan Specialist

Description

Under the direction of the Director of Economic Development and/or manager, the Business Loan Specialist provides business loan packaging and business consulting and training in business finance to micro enterprises and small business owners leading to job creation.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Provide business consulting to business owners, on a one-on-one or in small groups, in the areas of business and financial planning and general business practices that will result in economic impact within realistic timeframes and resources.
• Assist businesses by preparing loan packages for various financing sources including bank and credit union loans, SBA’s, 7a and microloan programs.
• To direct businesses to appropriate business resources and refer to alternative financing programs such as CDFI Export, Community Advantage and state loan guarantee programs.
• Assist client in gathering documentation application requirements, and preparing financial projections, as needed.
• Analyze credit reports, business plans and tax returns to assess loan feasibility.
• Develop and conduct training programs in the area of financing for small businesses.
• Prepare and submit report, as required.
• Coordinate and build relationships with the SBA, State and Banks to ensure successful facilitation of the loan funding process, which includes tracking and on-going client support.
• Assist in the development of partnerships with other service providers to increase services to small business clients.
• Development and presentation of business finance workshops
• Represent the SELA BSC within the community to public and private entities.
• Engage in marketing and community and outreach activities.
• Assist the Director/Manager in other areas as needed.
• Support strategic priorities and goals established in CRCD’s 5-year strategic plan.
• Uphold CRCD’s Mission/Vision and 5 Year Strategic Plan.

Requirements

• Five (5) years of professional experience in loan packaging, preferably alternative capital loans
• Bilingual (Spanish) a plus
• Experience in working with small businesses from diverse cultural backgrounds.
• Knowledge of business planning, general business practices and business financing a must
• Ability to Develop pro forma statements, cash flows and credit analysis.
• Reliable, flexible team player who works well with minimal supervision, who has a good work ethic, and an ability to set and maintain personal boundaries.
• Ability to strategically utilize time and resources to manage priorities, timelines, deadlines, and details under pressure, with accuracy, and to a high level of proficiency.
• Must display professional and appropriate email etiquette
• Comfortable in a fast-paced, changing environment and the ability to modify actions, direction or approach to changing situations and expectations in a respectful and professional manner.
• Extensive knowledge of various funding sources a must
• Experience in working with economic development program, a plus.
• BA in Business Administration or relevant field
• Working knowledge of MS Office
• Aptitude in decision-making and problem-solving
• Reliable transportation, valid driver license, and car insurance as required by law, as appropriate.
• Willing to travel to multiple locations in Southeast LA
• Ability to occasionally work after office hours and/or weekends, if necessary
• Proficient in Microsoft Office (Excel, Word, Power Point)
• Familiarity with CRM platforms and cloud-based software applications
• Ability to provide quality customer service and demonstrate a commitment to professionalism and client satisfaction.
• Proficient written and oral communication skills

BENEFITS

CRCD is in the top 10% for excellent benefits for non-profits with an array of benefits available including:

• 14 Paid Holidays
• On-Demand training memberships to bolster professional development
• Dental/Vision/ 85% employer-paid & 45% dependent paid Medical Insurance
• 401k eligibility from day one & up to 3% matching after one year
• 529 Educational Savings Plan from Principle
• Flexible Spending Account (FSA)
• Short & Long Term Disability
• Accident & Hospital Indemnity
• Whole life insurance with cash benefits
• Identity Theft Protection and Legal Services
• Discount pet insurance through ASPCA
• Generous work/life balance

JOB TYPE: Full-time

SALARY RANGE: $75,000-$88,000

All candidates are subject to a criminal history check and meet CRCD’s criteria regarding criminal history and must pass background check conducted by LA County. CRCD is an Equal Opportunity Employer is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation. Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the EEO/ADA Coordinator. EEO /ADA Coordinator contact: Stacey Cabling (213) 743-6193.