Business Loan Officer

Background:

The New York City Financial Network Action Consortium (NYCfNAC) is a
nonprofit, Community Development Financial Institution located in
Brooklyn, New York, which was established to promote greater access
by the city's low-income residents to affordable and comprehensive
financial services and credit. It accomplishes this mission by building
the capacity of community development credit unions by providing them
with financial, operational and technical assistance.

Duties:

NYCfNAC is seeking a full-time, experienced Business Loan Officer to
develop and implement a small business lending program on behalf of
New York City's leading community development credit unions.

The
Business Loan Officer will coordinate a joint lending program, shared by
NYCfNAC's four participating credit unions, to provide for the credit
needs of small businesses within the communities served by the credit
unions.

The Centralized Lending Program will take advantage of their
ability to share large loans with each other and their status as certified
SBA 7A lenders.

This position may also assist NYCfNAC to extend this
"back office" structure to other products and services.

Primary responsibilities of the Business Loan Officer are:

• Identifying specific loan products, their underwriting criteria and
  pricing
• Developing proper procedures and processes for underwriting loans
  to be funded by the credit unions
• Developing effective marketing strategies
• Training credit union staff to enhance their participation and support
  of the centralized lending program
• Performing credit analysis and packaging loans referred by credit
  unions or others
• Preparing detailed written loan reviews and managing the loan
  approval process
• Negotiating loan structure and issuing commitment letters
• Maintaining accurate and complete loan files
• Coordinating with legal counsel
• Overseeing loan closings, loan disbursement and post-closing follow
  up
• Facilitating loan participations among the credit unions
• Managing expectations of participating credit unions

Qualifications:

• Minimum 5-years experience with small business lending in an
  increasingly responsible position
• Strong analytical, organizational and interpersonal skills
• Demonstrated ability to work effectively within a team
• Effective oral and written communication skills
• Computer literacy
• Ability to work cooperatively with community-based organizations,
  banks, public agencies and individuals from various economic and
  cultural backgrounds
• Bilingual skills (English & Spanish) are preferred

Application Instructions:

To apply, submit a letter of introduction, including current salary and
salary requirements, and resume by way of mail, email or fax to:

Peter L. Bray
Executive Director
NYCfNAC
175 Remsen Street, Suite 350
Brooklyn, NY 11201

Please note that an application without a cover letter will not be
considered. Letter should indicate current or prior experience in the
community development finance field.