... and CDFI Loan Participation programs. * Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria. * Prepare detailed loan ...
... and CDFI Loan Participation programs. * Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria. * Prepare detailed loan ...
Loan Officer
Columbus, OH · On-site
... and CDFI Loan Participation programs. * Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria. * Prepare d etailed loan ...
Loan Officer
Columbus, OH · On-site
... and CDFI Loan Participation programs. * Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria. * Prepare d etailed loan ...
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Full-time
Posted 10 days ago
Job description
Loan Officer
The Ohio Department of Development's Minority Business Development Division is looking for a Loan Officer to help expand and grow Ohio's minority business economy.
What you'll do:
- Assist in administering multiple loan and incentive programs, including Minority Business Direct Loan, Collateral Enhancement, Ohio Micro Loan, Women's Business Enterprise Loan, and CDFI Loan Participation programs.
- Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria.
- Prepare detailed loan package writeups, including financial and market analysis, and present requests to the Minority Development Financing Advisory Board.
- Prepare loan documentation for Controlling Board review and manage applicant correspondence related to awards and disbursement of funds.
- Perform credit analysis, including reviewing financial statements, tax compliance, job creation verification, loan covenants, and payment histories.
- Connect minority, small, and disadvantaged businesses across Ohio with relevant financial and developmental resources.
Minimum Qualifications:
- Working knowledge of business lending programs and commercial lending.
- Previous experience working in a bank, credit union, Community Development Financial Institution or other economic development business lending organization performing business credit and debit service analysis required.
- Bachelor's degree in finance or accounting OR bachelor's degree in another area previous work experience in finance, accounting or commercial lending preferred.
- Economic development/business development experience helpful.
- Excellent written, verbal and interpersonal communication skills as well as analytical and prioritization skills.
- Proficiency in using MS Suite.