Job Opening – Senior Loan Officer

Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Community Vision (Community Vision) provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.

We realize that the impact of discriminatory policy, institutionalized financial neglect, and systemic racism have resulted in a deep sense of distrust felt among communities on the margins of opportunity, including people of color, folks of various abilities, genders and sexualities, and communities with low financial wealth. We believe that these communities must be centered in the work we do. Hence, we strongly encourage applications from people with these identities or who are members of other marginalized communities. Community Visions is an equal opportunity employer; people of all backgrounds are strongly encouraged to apply.

Senior Loan Officer

Oakland/San Francisco, California

The Senior Loan Officer is Community Vision’s lead commercial loan underwriter, responsible for structuring and negotiating loans, conducting thorough written credit analysis, and partnering with our Loan Administration team to ensure a high quality of customer service. They work to develop loan products and processes to better serve small businesses and social enterprises and contribute to strategy development for this segment of our work, helping Community Vision to further define where our capital is most needed, and what types of borrowers we can best serve.

All employees of Community Vision are expected to engage with and support a collaborative culture at Community Vision. This includes treating colleagues with respect, supporting the vision of the organization and demonstrating the professional practices of the organization which are; community centered, patient, communication, work-ethic, responsiveness, conscious of difference, humility and curiosity, humor, creativity, practical, accountability and data driven. Staff members attend to the culture of the organization by being ambassadors of the CV values and participating in internally focused work groups.

Primary Responsibilities

Business Development (20%)

  • Guides potential borrowers through the application process, including screening against impact and credit guidelines, and ensuring application packages are completed thoroughly and on agreed timelines
  • Clearly explains Community Vision’s lending products, process, and terms
  • Cultivates and develops strong relationships with aligned partners

Commercial Loan Underwriting (60%)

  • Determines borrowing needs and propose appropriate loan structures
  • Determines repayment capacity by analyzing historical business and personal financial statements, and creating and analyzing financial projections, including traditional and Uniform Credit Analysis (UCA) cash flow
  • Conducts comprehensive risk assessment, and industry and management analysis
  • For real estate and construction projects, evaluates project feasibility and client’s development capacity
  • Prepares written credit memorandums with detailed analysis and recommendations for terms and credit structure, following Community Vision loan policy and guidelines
  • Presents credit analysis for review and approval to Loan Committee or other appropriate levels of authority within Community Vision
  • Works with the borrower and external parties through loan commitment terms and loan closing
  • Assists the Loan Administration team with loan closing and ongoing monitoring activities

Program Development (20%)

  • Helps to identify the borrower and product segments where Community Vision’s capital is most needed. Identify underserved areas of the market, and evaluate the fit with Community Vision’s capabilities and impact objectives
  • Actively contribute to loan product development, taking new loan products through a process from concept, to definition, piloting, and rollout
  • Actively contribute to loan process improvement, with the goal of continuously improving clarity and efficiency. Identify opportunities to incorporate industry best practice and emerging approaches, draft proposed changes to process, and help to document and train for team members

Candidates for the Senior Loan Officer position typically have/are:  

  • At least five to seven years of loan underwriting experience at a CDFI, bank or other financial institution, with a strong preference for formal credit training and significant commercial lending experience
  • Ability to conduct thorough financial, industry, management, and project analysis of credit requests
  • Solid financial skills required, including ability to develop and interpret financial statements and forecasts
  • Strong verbal, written, and interpersonal communication skills
  • Customer service orientation, with a track record of applying initiative and interpersonal skills to solve problems for clients
  • Committed to continuous improvement, comfortable giving and receiving feedback. Self-reflective and eager to learn
  • Ability to conduct site visits throughout Northern and Central California
  • Formal credit training is a strong plus
  • Hands-on experience working with underserved small business owners from systematically disadvantaged communities is a strong plus
  • Prior work-related experience and knowledge of community development lending, including federal and state loan guarantee programs, is a plus
  • Language ability in languages commonly spoken in our service area (such as Spanish, Chinese, or Tagalog) is a plus
  • Shows initiative in accomplishing goals, and takes accountability for results
  • Bachelor’s degree in a related field or equivalent experience
  • Valid California Driver’s License for required driving

Relationships 

  • Reports to Lending for Economic Development
  • Attends and participates in Loan Committee meetings
  • Interacts extensively with the Lending team and staff/management in other Community Vision departments
  • Interacts regularly with current and potential borrowers
  • Communicates with referral sources
  • Presents Community Vision to outside constituencies

Hours & Location

  • Full-time position, exempt
  • Located in San Francisco and/ or Oakland; Due to Coronavirus/pandemic all staff are working from home until further notice
  • Work hours will be predominantly during regular business hours, although occasional evenings and weekends will be required
  • A flexible schedule may be accommodated
  • Most positions at Community Vision involve regular computer and telephone use plus some minimal lifting
  • Out of area travel, and spending time away from home, is required for up to 5% per year

Salary & Benefits

Starting salary is $98,000-$125,000 depending on experience. Benefits at Community Vision include; 100% health insurance premium coverage for employees and a contribution towards dependent coverage, dental insurance, long-term disability & life insurance, transportation and cell phone subsidies, employer contributions towards retirement savings, and generous PTO policies.

 Email resumé and cover letter to: hr@communityvisionca.org with “Senior Loan Officer” in the subject line.

Application Deadline: Open until filled.