Pacific Asian Consortium in Employment (PACE)
Loan/Bond Counselor II
Pacific Asian Consortium in Employment (PACE), Los Angeles, California, United States, 90079
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Compensation:
$85,000 to $100,000 annual plus excellent benefitsPosition status:
Full-time, Non-exempt
*** This position is on-site at our DTLA HQ office ***
ORGANIZATION BACKGROUND
PACE is a local community nonprofit organization founded in 1976 to provide job training and placement services for the Asian Pacific Islander communities in Los Angeles. PACE has since expanded into a variety of service areas, all tailored to meet the growing and changing needs of the multi-ethnic communities in Los Angeles County. PACE serves more than 40,000 people each year with our wide scope of services with approximately 350+ staff. PACE is recognized as a leader in addressing problems of poverty and economic inequity in ethnic minority communities and has a reputation of being responsive to community needs.
PROGRAM SUMMARY
PACE BUSINESS DEVELOPMENT CENTER (PACE BDC) promotes the growth and economic expansion of diverse Los Angeles communities through the infusion of capital and the provision of business consultation services and financial literacy training. Housed in the PACE Business Development Center (BDC), the Procurement Team assists small businesses in securing contracts from government agencies and private sector companies.
POSITION SUMMARY:
PACE
is seeking an experienced and highly motivated
Loan/Bond Counselor II
to join our team, with a primary focus on assisting small businesses in obtaining loans and bonds to support their business growth and operational needs in contracting under the
ProcureLA
program and the
Loan Department / PACE Finance Corporation (PFC) . This role involves recruiting new loan clients, conducting outreach events, loan packaging, underwriting support, financial counseling, and servicing activities.
KEY RESPONSIBILITIES:
Primary Focus - Loan packaging, underwriting support, financial counseling, and servicing activities for ProcureLA and Loan Department:
Assess loan applicants for the ProcureLA program and PACE Finance Corporation, ensuring all loan packaging is completed accurately and in compliance with policies.
Evaluate borrowers' financial health by reviewing tax return financial statements, credit reports, and business documents.
Oversee the underwriting process for business loans, ensuring a thorough assessment of risk and eligibility for the programs.
Loan Servicing & Collections :
Collaborate with small business owners to assess financial needs, package loan applications, and provide counseling on loan options.
Work closely with loan underwriters to evaluate financial statements, creditworthiness, and loan eligibility, supporting the underwriting process.
Coordinate with internal departments such as accounting and compliance to ensure proper loan documentation and adherence to lending policies.
Monitor loan repayment schedules for clients in ProcureLA and PFC, providing advisory services to ensure loan objectives are met.
Conduct regular site visits to assess business progress and strengthen client relationships.
Manage delinquent loans by creating and implementing collection plans, and restructuring loans as necessary.
Bond Counseling & Advisor:
Provide counseling/training with experts in surety bonds for contractors and guide them through the bonding process.
Establish/develop relationships with external bond companies to attract business opportunities.
Match the business with the bond company most aligned with their goals.
Cultivate and maintain relationships with bond insurance partners to provide the best service to our small business clients.
Identify and capture new business opportunities using consultative marketing and sales skills.
Secondary Focus: Outreach & Recruitment :
Assist in recruiting new loan clients through outreach events and business development activities.
Conduct workshops and loan orientations to educate small business owners on the loan process and available financial resources.
Network with community leaders and business service providers to build a referral pipeline for loans.
Technical Assistance & Business Development:
Support entrepreneurs by providing technical assistance in business planning and financial management.
Offer guidance on how to prepare for and succeed in loan applications.
Collaboration with Loan Department & Procurement Teams :
Work closely with the ProcureLA team to ensure loan services are aligned with procurement assistance goals.
Provide input for improving loan management processes and ensure that services meet the needs of small businesses.
QUALIFICATIONS, SKILLS & EXPERIENCE:
Minimum Bachelor’s degree in Business Administration, Finance, or a related field; MBA is highly desirable.
5+ years of experience in commercial lending, loan underwriting, or financial services, with a focus on small business loans.
Strong knowledge of loan packaging, underwriting guidelines, and financial analysis.
Proven track record in loan servicing and collection for business loans.
Excellent communication skills, with experience conducting workshops and presentations.
Strong organizational skills with the ability to manage multiple tasks in a fast-paced environment.
Demonstrated ability to work collaboratively with cross-functional teams to meet organizational goals.
SPECIAL REQUIREMENTS:
Must possess a valid California Driver’s License and have access to an insured vehicle.
COVID vaccination required; must have two doses of Pfizer or Moderna or a single-dose of Johnson & Johnson.
Applications will be reviewed on a rolling basis until positions have been filled.
PHYSICAL DEMANDSThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
PACE is a private not-for-profit corporation that provides employment, small business assistance, and education, housing, energy and environmental and other community services in the Los Angeles City and County areas. PACE is an equal opportunity and affirmative action employer.
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Subscribe to our RSS feeds to receive instant updates as new positions become available.
Compensation:
$85,000 to $100,000 annual plus excellent benefitsPosition status:
Full-time, Non-exempt
*** This position is on-site at our DTLA HQ office ***
ORGANIZATION BACKGROUND
PACE is a local community nonprofit organization founded in 1976 to provide job training and placement services for the Asian Pacific Islander communities in Los Angeles. PACE has since expanded into a variety of service areas, all tailored to meet the growing and changing needs of the multi-ethnic communities in Los Angeles County. PACE serves more than 40,000 people each year with our wide scope of services with approximately 350+ staff. PACE is recognized as a leader in addressing problems of poverty and economic inequity in ethnic minority communities and has a reputation of being responsive to community needs.
PROGRAM SUMMARY
PACE BUSINESS DEVELOPMENT CENTER (PACE BDC) promotes the growth and economic expansion of diverse Los Angeles communities through the infusion of capital and the provision of business consultation services and financial literacy training. Housed in the PACE Business Development Center (BDC), the Procurement Team assists small businesses in securing contracts from government agencies and private sector companies.
POSITION SUMMARY:
PACE
is seeking an experienced and highly motivated
Loan/Bond Counselor II
to join our team, with a primary focus on assisting small businesses in obtaining loans and bonds to support their business growth and operational needs in contracting under the
ProcureLA
program and the
Loan Department / PACE Finance Corporation (PFC) . This role involves recruiting new loan clients, conducting outreach events, loan packaging, underwriting support, financial counseling, and servicing activities.
KEY RESPONSIBILITIES:
Primary Focus - Loan packaging, underwriting support, financial counseling, and servicing activities for ProcureLA and Loan Department:
Assess loan applicants for the ProcureLA program and PACE Finance Corporation, ensuring all loan packaging is completed accurately and in compliance with policies.
Evaluate borrowers' financial health by reviewing tax return financial statements, credit reports, and business documents.
Oversee the underwriting process for business loans, ensuring a thorough assessment of risk and eligibility for the programs.
Loan Servicing & Collections :
Collaborate with small business owners to assess financial needs, package loan applications, and provide counseling on loan options.
Work closely with loan underwriters to evaluate financial statements, creditworthiness, and loan eligibility, supporting the underwriting process.
Coordinate with internal departments such as accounting and compliance to ensure proper loan documentation and adherence to lending policies.
Monitor loan repayment schedules for clients in ProcureLA and PFC, providing advisory services to ensure loan objectives are met.
Conduct regular site visits to assess business progress and strengthen client relationships.
Manage delinquent loans by creating and implementing collection plans, and restructuring loans as necessary.
Bond Counseling & Advisor:
Provide counseling/training with experts in surety bonds for contractors and guide them through the bonding process.
Establish/develop relationships with external bond companies to attract business opportunities.
Match the business with the bond company most aligned with their goals.
Cultivate and maintain relationships with bond insurance partners to provide the best service to our small business clients.
Identify and capture new business opportunities using consultative marketing and sales skills.
Secondary Focus: Outreach & Recruitment :
Assist in recruiting new loan clients through outreach events and business development activities.
Conduct workshops and loan orientations to educate small business owners on the loan process and available financial resources.
Network with community leaders and business service providers to build a referral pipeline for loans.
Technical Assistance & Business Development:
Support entrepreneurs by providing technical assistance in business planning and financial management.
Offer guidance on how to prepare for and succeed in loan applications.
Collaboration with Loan Department & Procurement Teams :
Work closely with the ProcureLA team to ensure loan services are aligned with procurement assistance goals.
Provide input for improving loan management processes and ensure that services meet the needs of small businesses.
QUALIFICATIONS, SKILLS & EXPERIENCE:
Minimum Bachelor’s degree in Business Administration, Finance, or a related field; MBA is highly desirable.
5+ years of experience in commercial lending, loan underwriting, or financial services, with a focus on small business loans.
Strong knowledge of loan packaging, underwriting guidelines, and financial analysis.
Proven track record in loan servicing and collection for business loans.
Excellent communication skills, with experience conducting workshops and presentations.
Strong organizational skills with the ability to manage multiple tasks in a fast-paced environment.
Demonstrated ability to work collaboratively with cross-functional teams to meet organizational goals.
SPECIAL REQUIREMENTS:
Must possess a valid California Driver’s License and have access to an insured vehicle.
COVID vaccination required; must have two doses of Pfizer or Moderna or a single-dose of Johnson & Johnson.
Applications will be reviewed on a rolling basis until positions have been filled.
PHYSICAL DEMANDSThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
PACE is a private not-for-profit corporation that provides employment, small business assistance, and education, housing, energy and environmental and other community services in the Los Angeles City and County areas. PACE is an equal opportunity and affirmative action employer.
#J-18808-Ljbffr