Loan Officer

The primary focus of the Loan Officer is to generate loan application underwrite and to close loans to qualified small business owners, and to provide and/or facilitate effective technical assistance for RBAC’s client throughout New Jersey.

Reports to the Director of Financial Programs

 Pre-loan Technical Assistance

  • Develop a comprehensive familiarity of area resources for assistance with all aspects of starting and operating a business, including specific help with writing a business plan an producing financial projections
  • Guide potential applicants in rectifying past credit problems (resources, above, should include credit counseling services)
  • Assist aspiring business owners with a savings plan to accumulate enough owner’s equity

 Loan Applications and Underwriting

  • Assist applicants with preparing a complete loan application
  • Perform analysis of business prospects and personal financial status of business owner(s)
  • Prepare 2-3 page loan analysis for review by the Director of Lending
  • Present recommended loans to RBAC Loan Committee
  • Close loans that are approved once all the conditions have been satisfied

Post-loan Technical Assistance

  • Coordinate technical assistance with RBAC Business Mentor
  • Provide assistance or referrals to help strengthen specific parts of a business

Workout

  • Implement proactive strategies for early intervention with delinquent borrowers
  • Recommend when collection action should be taken and implement or manage, in the case of using RBAC’s collection attorney

Marketing

  • Get to know, and contact regularly, bankers that can refer potential borrowers to RBAC
  • Present RBAC at chamber events, local business-owners associations, SBA community seminars, economic development seminars, etc.

 Administrative

  • Provide all necessary statistical data to RBAC’s Loan Accountant for new and existing

 RBAC clients

  • Keep track of inquiries and referrals and provide monthly activity highlights to the Program Director in a timely manner
  • B.S. in Business related field
  • 1 Years underwriting and 2 years working with small businesses
  • Strong bilingual oral and written skills required (English and Spanish)
  • Self-driven, independent and goal-oriented
  • Strong organizational skills
  • Knowledge of finance, accounting and marketing
  • Experience in public speaking
  • Insured vehicle
  • Valid driver license
  • Available for some evening and weekend events
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