Position: Loan Associate
Baltimore Business Lending, LLC. is looking for a dynamic individual driven to work with the Director and lenders to assist them in providing capital to new and emerging small business entrepreneurs who are looking to create or expand businesses in Baltimore City and are otherwise creditworthy with the exception of diminished or non-existent collateral or equity to secure traditional financing.
Baltimore Business Lending (BBL) is a non-profit small business lending limited liability company and wholly-owned subsidiary of Baltimore Community Lending, a certified Community Development Financial Institution (CDFI). The BCL mission is to support the revitalization and strengthening of Baltimore neighborhoods through innovative and flexible financing programs. The Company has a 29 year history of providing construction and development financing to non-profit and for-profit developers of properties in Baltimore City neighborhoods and neighborhood commercial districts. BBL is a natural extension of the BCL efforts to improve access to capital to underserved segments of the Baltimore City community, provide economic opportunity to otherwise credit worthy individuals, and help strengthen and improve the overall Baltimore City economy.
This position provides support to the Director and loan officer/s of BBL. The primary function is to assist with the ongoing support of the Director to build out the program, including client relations, scheduling community outreach, assisting in providing client services, directly coordinate the collection of required documents, the preparation of loan closing packages on approved loans, and follow-up documentation as needed. This position requires a significant amount of customer contact. The primary functions of the position are administrative in nature and a successful employee will gain significant professional experience and opportunities to grow in service to Baltimore City and its citizens.
Essential Duties and Responsibilities
Assist the Director with the organizational and project management functions of BBL
Manage the verbal, written and electronic communication with customers and partners of BBL, scheduling of meetings, following up with required documentation as needed.
Compile, and maintain all requisite reports, and provide to the Director for approval in a timely fashion prior to submission to the relevant organizations
Maintaining reports from the LendingFront and other transactional software.
Working with the Finance/Loan Servicing staff in updating and reviewing the servicing of the loans as needed.
Coordinating with Finance, loan officer/s and Director for the provision of capital for approved loans.
Assisting the Loan Officers with compilation of information during the application, underwriting and approval process for a loan.
Assisting in the collection of all documentation as required by the loan officer and consistent with normal lending practices.
Contact customers, when directed, to gather loan application information for review.
Once the loan is approved, assist the Loan officers’ work with partner lenders, and others to assure competent and complete loan closings and all other required items needed for settlement.
Monitoring, collecting and removing items from the documentation exception list.
Complete all other duties as assigned.
Experience with small business lending and/or community development lending a plus.
A minimum of an AA degree is required, with a Finance, Lending, or Accounting concentration preferred. Experience in these fields can be substituted for a specific degree in these disciplines.
Must possess ability to work in a fast paced environment and maintain a high degree of accuracy.
Must have the ability to enter data in a computer with speed and accuracy; and exhibit good mathematical aptitude.
Must be a confident team member, who is not afraid to offer informed solutions when identified issues and challenges relating to loan program implementation arise.
Must be able to show experience to organize, and be able to perform timely, accurate and comprehensive analyses and detailed reporting.
Proficiency in Microsoft Suite of software, including Word, Excel and Outlook, is required.
At least five years of experience in the areas of accounting, financial analysis, lending for small business and/or nonprofit organizations. Candidates with loan processing experience are preferred.
Compensation, paid as a salary with benefits, is commensurate with experience and qualifications. The excellent benefits package includes 40lk plan with match, health insurance, life and disability insurance, and paid annual leave.
How to Apply:
Application Instructions: Please submit a cover letter, resume and salary requirements to Resume@BCLending.org with “Loan Associate” in the subject line.
Baltimore Business Lending, LLC (BBL) is a wholly-owned subsidiary of BCL, a 501(c)(3) non-profit real estate financing corporation and certified Community Development Financial Institution. BBL and BCL are Equal Opportunity Employers (EOE).