Self-Help
Commercial Loan Officer II
Self-Help, Oakland, California, United States, 94616
WHO We Are:
Self-Help started in 1980 with a focus on economic inequality especially in communities that have faced systemic barriers in building wealth. At the core of what Self-Help does is a drive to create and protect ownership and economic opportunity. In other words, we're committed to economic justice! Economic Justice means that all communities have the basic infrastructure they need to thrive, from high quality schools to grocery stores selling fresh foods resources that support opportunity at a neighborhood level regardless of demographics, income, or wealth. Since our founding, we've constantly sought to find new ways to pursue greater economic justice: from providing fair and affordable loans, to working with partners to demand that lawmakers change unjust policies.
We are seeking a Commercial Loan Officer to join our team!
Under limited supervision, the Commercial Loan Officer (LO) will be responsible for originating and closing commercial loans including assessing an applicant, financial analysis, industry and market research, management capacity, and collateral, among other factors, to complete a loan transmittal for underwriting. The LO is responsible for ensuring that all loans conform to Self Help's underwriting policies. Critical to this role is the understanding of the value of teamwork and customer relationships as the LO will have direct contact with both internal and external customers and will work closely with other loan officers, sector leaders and underwriters to perform the principal duties and responsibilities of this role.
This position will have a primary focus on originating large construction loans for primarily public charter schools, incorporating complex ownership and financing structures (including New Markets Tax Credits), with a secondary focus on affordable housing, healthcare, and other community facilities.
Based on experience the role may be filled at more junior or senior level.
WHAT You'll DO:
Serve as lead originator (loan officer) on mid-size and complex loans to evaluate loan requests and participate on teams originating larger/more complex loans, including:Analyze financial statements of project sponsors and guarantorsCompile and analyze project pro-forma, including evaluating income, expense, and other assumptionsAssess management capacity of project teamConduct and analyze feasibility, market, and sector researchEvaluate appraisals and other collateral informationEvaluate viability of construction delivery process, if applicableIdentify, evaluate, and make determinations regarding key credit/risk drivers, and propose strategies to mitigate such risksOriginate and close loans in coordination with other team membersMeet loan production and delinquency goals.
Participate on teams with more experienced Loan Officers to originate larger/more complex loans. In these situations, may be assigned to handle specific aspects of the origination process and/or may serve as project lead on teams where experience and strength of industry knowledge warrant.Actively participate in servicing the loan portfolio along with other members of the portfolio management team.Conduct site visitsEvaluate annual financials and risk management reportsWork with others team members to resolve troubled loansAnalyze, monitor, and process construction draws, including:Continually assess whether or not the project is on budget and scheduleProvide technical assistance to borrowers if construction concerns arise, in conjunction with other team members
Build and maintain strong relationships with borrowers through closing and post-loan closing, as well.Provide excellent customer service, including prompt responses, basic technical assistance and referrals to other technical assistance providers as appropriate.Implement business development plans as necessary, including one-on-one meetings and presentations to referral sources and potential borrowers.Participate in product development with sector lending leaders, contributing knowledge based on industry and credit experience.May serve as mentor of less experienced loan officers and assist in training, as needed.Perform other duties as may be deemed necessary.WHAT You'll NEED:
4 year college degree or relevant experience required plus 5 years' of related experience such as in lending, finance or community development.Graduate degree in Business, City Planning, Public Policy or Law (or a related field) preferred.Sound quantitative and critical thinking skills:Ability to spread and analyze financial statements, project cash flow projections, and project management; study and evaluate information; and make sound recommendations based on risk assessmentAbility to analyze new industries, considering industry drivers and competitive threats, and develop new contacts to provide in-depth industry knowledgeSolid communication skills: ability to communicate clearly and effectively with clients and team members, including setting appropriate expectations o ability to write clear and concise loan transmittals, including translating financial and numerical data into written formAbility to advocate for a borrower and their project at credit committee and ability to advocate for Self-Help when working with a borrowerStrong attention to detailAbility to work cooperatively in teamsStrong project management skills, including ability to set priorities and organize competing priorities.Ability to build and maintain strong relationships with referral sources and other internal and external key stakeholders, including presenting Self-Help products and programs to individuals and groups as necessaryProficiency with MS Word, Excel and PowerPointSensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organizationEnglish/Spanish fluency a plusStrong commitment to our mission - creating economic opportunity for traditionally underserved communities.Ability to demonstrate Self-Help's Core Values:Mission Before SelfService With ExcellenceEmbracing & Promoting ChangeResults Not CreditDiversity as a StrengthFinancial Sustainability for Mission Impact
If you are interested in who we are and what we do; have a strong desire to work in an organization that places a high priority on teamwork and collaboration; and are interested in working to help create economic opportunity for all - THIS is the place for you! Click the "apply now" button to apply!
Compensation:
Competitive nonprofit compensation, based on experience, plus a generous benefits package. Salary range for Los Angeles, CA: $93,600-$140,400
Salary range for Oakland, CA: $107,400-$150,279
Salary range for Fresno, CA: $87,900-$131,900
Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.
Self-Help started in 1980 with a focus on economic inequality especially in communities that have faced systemic barriers in building wealth. At the core of what Self-Help does is a drive to create and protect ownership and economic opportunity. In other words, we're committed to economic justice! Economic Justice means that all communities have the basic infrastructure they need to thrive, from high quality schools to grocery stores selling fresh foods resources that support opportunity at a neighborhood level regardless of demographics, income, or wealth. Since our founding, we've constantly sought to find new ways to pursue greater economic justice: from providing fair and affordable loans, to working with partners to demand that lawmakers change unjust policies.
We are seeking a Commercial Loan Officer to join our team!
Under limited supervision, the Commercial Loan Officer (LO) will be responsible for originating and closing commercial loans including assessing an applicant, financial analysis, industry and market research, management capacity, and collateral, among other factors, to complete a loan transmittal for underwriting. The LO is responsible for ensuring that all loans conform to Self Help's underwriting policies. Critical to this role is the understanding of the value of teamwork and customer relationships as the LO will have direct contact with both internal and external customers and will work closely with other loan officers, sector leaders and underwriters to perform the principal duties and responsibilities of this role.
This position will have a primary focus on originating large construction loans for primarily public charter schools, incorporating complex ownership and financing structures (including New Markets Tax Credits), with a secondary focus on affordable housing, healthcare, and other community facilities.
Based on experience the role may be filled at more junior or senior level.
WHAT You'll DO:
Serve as lead originator (loan officer) on mid-size and complex loans to evaluate loan requests and participate on teams originating larger/more complex loans, including:Analyze financial statements of project sponsors and guarantorsCompile and analyze project pro-forma, including evaluating income, expense, and other assumptionsAssess management capacity of project teamConduct and analyze feasibility, market, and sector researchEvaluate appraisals and other collateral informationEvaluate viability of construction delivery process, if applicableIdentify, evaluate, and make determinations regarding key credit/risk drivers, and propose strategies to mitigate such risksOriginate and close loans in coordination with other team membersMeet loan production and delinquency goals.
Participate on teams with more experienced Loan Officers to originate larger/more complex loans. In these situations, may be assigned to handle specific aspects of the origination process and/or may serve as project lead on teams where experience and strength of industry knowledge warrant.Actively participate in servicing the loan portfolio along with other members of the portfolio management team.Conduct site visitsEvaluate annual financials and risk management reportsWork with others team members to resolve troubled loansAnalyze, monitor, and process construction draws, including:Continually assess whether or not the project is on budget and scheduleProvide technical assistance to borrowers if construction concerns arise, in conjunction with other team members
Build and maintain strong relationships with borrowers through closing and post-loan closing, as well.Provide excellent customer service, including prompt responses, basic technical assistance and referrals to other technical assistance providers as appropriate.Implement business development plans as necessary, including one-on-one meetings and presentations to referral sources and potential borrowers.Participate in product development with sector lending leaders, contributing knowledge based on industry and credit experience.May serve as mentor of less experienced loan officers and assist in training, as needed.Perform other duties as may be deemed necessary.WHAT You'll NEED:
4 year college degree or relevant experience required plus 5 years' of related experience such as in lending, finance or community development.Graduate degree in Business, City Planning, Public Policy or Law (or a related field) preferred.Sound quantitative and critical thinking skills:Ability to spread and analyze financial statements, project cash flow projections, and project management; study and evaluate information; and make sound recommendations based on risk assessmentAbility to analyze new industries, considering industry drivers and competitive threats, and develop new contacts to provide in-depth industry knowledgeSolid communication skills: ability to communicate clearly and effectively with clients and team members, including setting appropriate expectations o ability to write clear and concise loan transmittals, including translating financial and numerical data into written formAbility to advocate for a borrower and their project at credit committee and ability to advocate for Self-Help when working with a borrowerStrong attention to detailAbility to work cooperatively in teamsStrong project management skills, including ability to set priorities and organize competing priorities.Ability to build and maintain strong relationships with referral sources and other internal and external key stakeholders, including presenting Self-Help products and programs to individuals and groups as necessaryProficiency with MS Word, Excel and PowerPointSensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organizationEnglish/Spanish fluency a plusStrong commitment to our mission - creating economic opportunity for traditionally underserved communities.Ability to demonstrate Self-Help's Core Values:Mission Before SelfService With ExcellenceEmbracing & Promoting ChangeResults Not CreditDiversity as a StrengthFinancial Sustainability for Mission Impact
If you are interested in who we are and what we do; have a strong desire to work in an organization that places a high priority on teamwork and collaboration; and are interested in working to help create economic opportunity for all - THIS is the place for you! Click the "apply now" button to apply!
Compensation:
Competitive nonprofit compensation, based on experience, plus a generous benefits package. Salary range for Los Angeles, CA: $93,600-$140,400
Salary range for Oakland, CA: $107,400-$150,279
Salary range for Fresno, CA: $87,900-$131,900
Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.