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NOW HIRING | Vice President & Loan Officer - BLP - Business Lending Partners
54319
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BUILD YOUR CAREER
WITH BLP

NOW HIRING FULL TIME Vice President / Loan Officer

The Vice President / Loan Officer will divide his/her attention between outreach activities to identify new loan opportunities, building and retaining relationships (businesses and lenders), and facilitating the BizStarts Racine entrepreneurial training program.

JOB DESCRIPTION
APPLY ONLINE

NOW HIRING Vice President / Loan Officer

RCEDC administers multiple revolving loan fund (RLF) programs that are available to Racine County businesses. RCEDC is also a certified development company able to provide SBA 504 loans throughout Wisconsin. In 2024 RCEDC launched an entrepreneurial training program called BizStarts Racine. This program follows an accredited training program that includes three phases (class instruction, one-on-one mentoring, and partnership with Carthage College students).

  • The Loan Officer positions perform two primary roles.
    a. When leading a transaction as the Loan Officer, the initial structuring and document collection are completed by the Loan Officer. The other RCEDC Loan Officer will perform the credit analysis work to share the workload as well as provide internal 50% control protection for both parties.
    b. When supporting a transaction for another Loan Officer, the role will be to perform credit analysis for the other Loan Officer (separation of duties).
  • Engage with the prospective borrower and manage the loan structuring, credit analysis, and approval processes.
  • Work with lending team to process business loans following established policies and procedures for loan selection, underwriting, approval, and closing.
  • Prepare and deliver presentations to the Loan Committees (loan approval authority of $150,000 RLF and $750,000 SBA), Board of Directors (if more than loan approval authority), and/or SBA.
  • Upon loan approval, introduce the borrower to the RCEDC Loan Closing Specialist to start the closing process.
  • Prior to the final step of selling the SBA debenture, work with the Loan Closing Specialist to perform the No-Adverse-Change analyses as required.
  • Promotes all services of RCEDC, with particular emphasis on the lending, grant, and BizStarts Racine resources.
  • For the SBA 504 loan program, outreach is primarily directed toward commercial lenders. One RCEDC Loan Officer focuses their attention on counties south of Sheboygan and one Loan Officer focuses on counties north of Sheboygan.
  • For the RLF loan programs, outreach may be directly to businesses or Racine County commercial lenders.
  • Seek opportunities for one-on-one meetings as well as group presentations to local commercial lenders.
  • Working with RCEDC’s marketing and economic development team, proactively market the annual BizStarts Racine program to future and existing entrepreneurs.
  • Track all prospect activities in the required CRM (Salesforce or Ventures).
  • The importance of establishing and supporting small businesses in Racine County is an RCEDC priority.
  • Work in partnership with the RCEDC Marketing & Events Coordinator on the logistics of the program (dates, facilitators, successful business owner presentations, email communications, etc.)
  • To ensure progress is being made by each entrepreneur, have regular email and/or phone contact with each BizStarts entrepreneur.
  • Work with mentors and Carthage College instructor to ensure entrepreneurs are meeting regularly and making progress.
  • Act as a resource, as needed, to enable the Loan Closer to effectively complete the closing process.
  • Provide guidance to determine if Loan Committee review is required for pre-closing or post-closing issues.
  • Participates in other project assignments as directed by the Executive Director.

Qualifications

  1. Bachelor’s Degree in Finance, Economics, or a related field.
  2. Minimum of three years of experience in banking, public sector financing organizations, business credit organizations or a related organization or industry.
  3. Ability to perform financial analyses.
  4. Ability to analyze and interpret business financial statements and related financial and business documents.
  5. Ability to maintain a high degree of professionalism, confidentiality, flexibility, and initiative.
  6. Proven oral and written communication skills with an emphasis on effective interpersonal skills to work with varying levels of professionals, such as public officials, bankers, State and federal employees, board members, staff, and business owners
  7. Ability to manage multiple projects requiring specific deadlines that may often result in a high stress environment.
  8. Ability to work independently, effectively analyze and problem solve issues, and exercise good judgment in making a variety of decisions.
  9. Proven organizational and time management skills. 
  10. Ability to work with the business community and the general public.
  11. Knowledge of word processing, data processing and spreadsheet software applications. 
  12. Valid driver’s license with verification of appropriate insurance coverage.
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All applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity/expression, disability, or protected veteran status. Individuals from diverse backgrounds are encouraged to apply.