Junior Loan Officer

Brooklyn NY 11232

Full-time: $70,000 – $80,000 Salary + Benefits

Please apply by submitting your resume and cover letter in one document.

Organization Overview

The Brooklyn Chamber of Commerce serves its members through promotion, support, advocacy, and its convening authority to build and maintain a healthy and robust business environment throughout the borough. The Brooklyn Alliance, its economic development arm, provides programs and business development services across Brooklyn’s diverse neighborhoods. Brooklyn Alliance Capital, a Community Development Financial Institution (CDFI), is the Brooklyn Chamber’s lending arm, providing loans to small businesses, specifically immigrant and minority owned, to increase economic opportunity and create jobs in Brooklyn.

Position Overview

The Junior Loan Officer reports to the Director of Brooklyn Alliance Capital. The position is responsible for several key functions within the CDFI including business development, loan origination and loan packaging.

Specific Duties and Responsibilities

  • Identify new, potential borrowers through prospecting, cold calling, networking, generating leads and referrals with a goal of increasing loan production to meet or exceed established production targets.
  • Determine initial eligibility of applicants, including evaluation of creditworthiness, fit with mission, geographic service area, use of funds and business viability, collateral availability.
  • Assist potential borrowers with loan applications and packaging.
  • Conduct loan intakes and site visits.
  • Maintain CRM system to manage application intake and for loan origination and pipeline management.
  • Perform portfolio management and loan administration tasks as needed.

General Requirements

  • BA or BS in business administration, finance, community development or similar field.
  • Experience working in business development, lending, banking, economic development, or related field.
  • Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
  • Excellent oral and written communication skills and attention to detail.
  • Ability to work both independently and in a team environment.
  • Proven ability to build relationships and collaborate with others.
  • Energetic, proactive, and organized.
  • The position requires work outside of regular office hours and in off-site locations.

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