Business Development, Lending Officer

This is a fully remote position, open to applicants in Virginia.

📋 Description

• Identify and cultivate lending prospects in underserved communities.

• Engage in proactive outreach and manage internal and external referrals.

• Advocate for loan products and business resources.

• Represent the organization at public forums, outreach events, business visits, and community engagements.

• Clarify loan products and program criteria to potential borrowers.

• Collect and confirm information from applicants and businesses.

• Evaluate applications to determine creditworthiness and likelihood of repayment.

• Maintain communication with applicants from initial inquiry through approval and post-closing.

• Conduct industry, financial, and risk assessments.

• Suggest loan terms and repayment plans.

• Ensure that loan applications adhere to policies and procedures.

• Draft credit memorandums and present requests to approval authorities or loan committees.

• Facilitate loan closings and prepare necessary documentation with staff and legal advisors.

• Assist applicants and borrowers in formulating action plans related to budgets, credit enhancement, financial planning, or business strategies.

• Keep borrower files organized and input client and impact data into management systems.

• Monitor the financial and organizational well-being of borrowers.

• Provide technical assistance after closing.

• Recommend actions or restructuring when necessary.

• Collaborate with collections staff to find workable repayment solutions for delinquent borrowers.

• Support internal and external reporting and team initiatives.

⛳️ Requirements

• Experience in credit management, lending and finance, and/or business development.

• An associate degree or higher in finance, business management, or a related discipline is highly preferred.

• Relevant experience may substitute for higher education when applicable.

• Excellent communication, networking, presentation, and relationship management capabilities.

• Proficient understanding of financial analysis, credit assessment, and lending principles.

• Analytical, detail-oriented, and solution-driven approach to resolving issues.

• Effective time management skills and the ability to prioritize competing tasks with minimal oversight.

• Flexibility, resilience, sound judgment, and a commitment to learning and community development.

• Knowledge of compliance, confidentiality, and operational standards.

• Experience in providing training or technical assistance in personal or business credit, finance, entrepreneurship, or a related area is advantageous.

• Familiarity with small businesses, entrepreneurs, community organizations, or underserved markets is a plus.

• Experience in preparing credit memorandums, structuring loans, or coordinating business loan closings is a plus.

• Must be eligible to work in the U.S. and provide employment eligibility verification.

• Must possess, or be able to obtain, a U.S.-issued Social Security card.

• Must successfully complete required background checks and comply with the agency’s nepotism policy.

• Must have a valid driver’s license with a clean driving record.

• Must be willing to travel regularly within the region, with occasional travel outside the region.

• Must be available for occasional evening and weekend work.

• Must uphold client confidentiality and adhere to the agency’s Code of Conduct.

• Physical requirements include frequent talking, hearing, and use of hands and fingers; regular sitting, bending, and kneeling; occasional lifting or moving of up to 20 lbs.; and good close, peripheral, and depth vision with the ability to adjust focus.

🏝️ Benefits

• 403(b) retirement plan.

• Medical, dental, and vision insurance.

• Life insurance coverage.

• Short-term and long-term disability benefits.

• Accident, critical illness, and hospital indemnity plans.

• 15 paid holidays each year.

• Generous paid time off program.

• Fully remote work option.

• Equal Opportunity Employer/Program.

• Smoke/drug-free workplace.

• Auxiliary aids and services available upon request for individuals with disabilities.