Microenterprise Lender

The Mountain Association for Community Economic Development (MACED) is a community economic development business lender and certified Community Development Financial Institution (CDFI) that is seeking a small business development associate to help realize the goals of MACED's business development activities in eastern Kentucky. The work environment is dynamic, ever changing, and allows for discussion, dissent, creativity and humor. While individual accomplishments are recognized and rewarded, team culture and achievements are highly valued in the MACED workplace.

Job Overview:

The Microenterprise Lender will originate, process and provide technical assistance to loan applicants from eligible potential small business borrowers. S/he will assist in managing the portfolio of current loan customers.

Tasks/Responsibilities:

• Origination:
  • Market MACED loan products to small businesses through personal contact, mailings, conference presentations, and other forms of outreach;
  • Follow-up on inquiries to MACED;
  • Maintain database of inquiries and potential borrowers.
• Underwriting:
  • Review the organizational, financial and project data provided by loan applicants;
  • Analyze data to determine the applicant's capacity to assume and repay debt;
  • Prepare and present loan proposals and recommendations for review by MACED staff and/or Loan Committee;
  • Close and document loans in consultation with appropriate staff members and legal counsel.
• Portfolio Management:
  • Maintain accurate files of current loans in MACED database;
  • Follow-up with borrowers who have not submitted required reports or whose reports demonstrate signs of weakness or deterioration;
  • Develop work-out strategies with borrowers who become delinquent or default on payment;
  • Prepare materials for portfolio review meetings.
• Other Responsibilities:
  • Provide technical assistance to borrowers including financial management systems implementation and business planning assistance;
  • Work with the business development team on special projects as required.

Job Skills:

• Bachelor's degree, strong computer skills and strong oral and written communication skills;
• Experience or knowledge in the following areas preferred:
  • Small business lending;
  • Real estate development;
  • Business Analysis and Underwriting;
  • Finance or accounting;
  • Quickbooks/Peachtree and accounting software.
• Knowledge of community-based organizations and community development funding resources;
• Strong Excel and Access skills;
• One-on-One business training experience;
• Public speaking experience.

• High degree of self-motivation, initiative, dedication and a commitment to the community development mission of MACED;
• Successful candidate will be well-organized, attentive to detail, creative, able to work on multiple projects at once, and able to work successfully on a team with diverse members;
• Close vision with or without corrective lenses necessary for computer work. Manual dexterity needed to operate computer and valid driver's license.

To Apply:

Please send letter expressing your interest and qualifications, resume and three referencesby email.