Loan specialist Jobs in Durham, NC

WHO We Are :

Self-Help started in 1980 with a focus on economic inequality especially in communities that have faced systemic barriers in building wealth. At the core of what Self-Help does is a drive to create and protect ownership and economic opportunity. In other words, we’re committed to economic justice! Economic Justice means that all communities have the basic infrastructure they need to thrive, from high quality schools to grocery stores selling fresh foods resources that support opportunity at a neighborhood level regardless of demographics, income, or wealth. Since our founding, we’ve constantly sought to find new ways to pursue greater economic justice : from providing fair and affordable loans, to working with partners to demand that lawmakers change unjust policies.

We are seeking a Commercial Loan Officer II to join our team!

Under limited supervision, the Commercial Loan Officer (LO) II will be responsible for originating and closing commercial loans including assessing an applicant, financial analysis, industry and market research, management capacity, and collateral, among other factors, to complete a loan transmittal for underwriting. The position will have a primary focus on loans for affordable housing and charter schools, which often include construction and complex ownership and financing structures.

The LO is responsible for ensuring that all loans conform to Self-Help’s underwriting policies. Critical to this role is the understanding of the value of teamwork and customer relationships as the LO will have direct contact with both internal and external customers and will work closely with other loan officers, sector leaders and underwriters to perform the principal duties and responsibilities of this role.

Based on experience, the role may be filled at a more junior or senior level.

WHAT You’ll DO :

• Serve as lead originator (loan officer) on mid-size and complex loans to evaluate loan requests and participate on teams originating larger / more complex loans, including :
• Analyze financial statements of project sponsors and guarantors
• Compile and analyze project pro-forma, including evaluating income, expense, and other assumptions
• Assess management capacity of project team
• Conduct and analyze feasibility, market, and sector research
• Evaluate appraisals and other collateral information
• Evaluate viability of construction delivery process, if applicable
• Identify, evaluate, and make determinations regarding key credit / risk drivers, and propose strategies to mitigate such risks
• Originate and close loans in coordination with other team members
• Meet loan production and delinquency goals.
• Participate on teams with more experienced Loan Officers to originate larger / more complex loans. In these situations, may be assigned to handle specific aspects of the origination process and / or may serve as project lead on teams where experience and strength of industry knowledge warrant.
• Actively participate in servicing the loan portfolio along with other members of the portfolio management team.
• Conduct site visits
• Evaluate annual financials and risk management reports
• Work with others team members to resolve troubled loans
• Analyze, monitor, and process construction draws, including :
• Continually assess whether or not the project is on budget and schedule
• Provide technical assistance to borrowers if construction concerns arise, in conjunction with other team members
• Build and maintain strong relationships with borrowers through closing and post-loan closing, as well.
• Provide excellent customer service, including prompt responses, basic technical assistance and referrals to other technical assistance providers as appropriate.
• Implement business development plans as necessary, including one-on-one meetings and presentations to referral sources and potential borrowers.
• Participate in product development with sector lending leaders, contributing knowledge based on industry and credit experience.
• May serve as mentor of less experienced loan officers and assist in training, as needed.
• Perform other duties as may be deemed necessary.

WHAT You’ll NEED :

Compensation :

Competitive nonprofit compensation, based on experience, plus a generous benefits package. Compensation ranges for each position are based on local market rates and will be determined by geography, role, and experience.

Salary range for Oakland, CA : $111,400 - $156,290

Salary range for Chicago, IL : $93,100 - $131,257

Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.