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Vice President, Commercial Loan Officer - Seattle - Full-Time
Vice President, Commercial Loan Officer
Northwest Business Development Association – West Central Washington, USA
Remote
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Employment Type
Full-Time
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Benefits Offered
Dental, Life, Medical, Paid Time Off, Retirement, Vision
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Compensation
Base Wage Range $70,000 to $85,000 per year
- Potential Wage Range (including production bonuses and incentives): $70,000 – $195,000
Why Work Here?
Come be part of an organization that has been supporting small business communities throughout Washington, Idaho and Oregon since 1981!
Job Title: Vice President, Business Development Officer
Reports To: President
Location of Territory: South King, Pierce, Thurston, Grays Harbor, Mason, Kitsap, Jefferson, and Clallam Counties.
Although “remote” from home office, successful candidates must reside within a reasonable commuting distance of Boise/Southern Idaho
FLSA Status: Non-Exempt
Base Wage Range: $70,000 – $85,000 annually
Potential Wage Range: $70,000 – $195,000 depending on experience and production (maximum includes production Bonuses and Incentives)
JOB SUMMARY: This position is responsible for marketing and production of new SBA 504 loans. Your territory will encompass West Central Washington.
ESSENTIAL JOB FUNCTIONS:
The essential functions of the position include but are not limited to the following:
- The development of new business and underwriting of loans, requiring you to call on financial institutions, commercial brokers and businesses to offer SBA 504 participation on needed financial arrangements.
- Request and start the underwriting of the required criteria and financial reports by completing the required 504 Loan Application and NWBDA Credit Memorandum, both of which are needed for NWBDA to finalize the underwriting of the borrower’s application for submission for SBA approval.
- Assist the Credit Analyst in obtaining any additional information or answers to questions in order to complete the submission of the application to our Loan Committee, Board of Directors (if needed), and SBA.
- Prior to approval, obtain from Borrower a signed and dated Loan Application Assistance Agreement including the required fee deposit.
- Upon notification from SBA that the loan has been approved, provide Borrower and Lender with a copy of the Terms & Conditions (T&C) for Debenture Guaranty.
- Assist our closing department when and as needed in collecting documentation necessary to close and fund the debenture transaction. This includes but is not limited to obtaining and certifying, as needed, that the required appraisals and environmental investigations comply with the T&C for Debenture Guaranty.
- Attend occasional meetings requested by the closing department in an effort to keep them up to date on the closing process for each of your approved loans.
- At or prior to closing, perform a site visit at the project site and obtain all financial information as necessary for a certification to SBA that the project was completed as planned and that there has been no adverse change.
- Upon request only, assist servicing department with any servicing related matters including performing any required site visits on an as needed basis.
ADDITIONAL RESPONSIBILITIES:
- Submit, on a monthly basis, a detailed breakdown of all expenses incurred for all out-of-pocket costs including mileage, stationery, approved office supplies, and other materials necessary to market and package the loan/debenture applications.
- Be active in all local Chamber of Commerce groups and other networking groups as needed.
- Personally call on commercial lenders within your designated area at least quarterly.
- Provide management with a monthly pipeline/tracking report listing prospects, applications in progress and approved transactions in process of funding. Provide a weekly report if requested.
- Prepare, during September of each year, an annual forecast of loan approvals and projected funding dates.
- Make recommendations to NWBDA President for procedural changes to promote efficiencies within the company.
- Attempt to attend all meetings where your presence is requested by management.
- Assist with other requests or duties as requested by management.
- Comply with all Northwest Business Development Association’s policies and procedures.
MINIMUM QUALIFICATIONS FOR CONSIDERATION:
- Bachelor Degree in Accounting, Finance, Business, Economics or related field, or equivalent on-the-job training.
- Previous lending experience in areas of Marketing of Commercial Loans and/or SBA Loan Programs, and Loan Regulation Compliance.
- Good driving record.
Knowledge, Skills, & Abilities:
The ideal candidate:
- Must have a strong proficiency in PC applications including Windows and Microsoft Office.
- Must have the ability to maintain a high degree of confidentiality.
- Must have good verbal and written communication skills.
- Must have good team building and interpersonal skills: able to work well with a wide range of people in various positions within the company.
- Must have strong organizational and time management skills.
- Must demonstrate dependability through good attendance and adherence to timelines and schedules.
- Must have good follow through on projects and deliverables.
- Must have good analytical skills.
- Must have good problem solving skills.
- Must have good analytical and problem solving skills.
- Must demonstrate resourcefulness and ability to take initiative in development and completion of projects.
- Must have a strong sense of customer service.
Language Skills
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to create comprehensive reports, business correspondence, and procedure manuals. Ability to effectively present complex information succinctly and respond to questions from groups of managers, clients, customers, and the general public.
PHYSICAL REQUIREMENTS:
This position is sedentary and requires the following physical activities:
- Sitting for long periods of time; occasional bending, squatting, kneeling, stooping; good finger dexterity and feeling; frequent repetitive motions; talking, hearing and visual acuity.
- Frequent lifting (up to 25 pounds of paper supplies or minor office equipment).
GENERAL BENEFIT DESCRIPTION:
- Full time employees are covered by medical, dental, vision and life insurance.
- Employees are immediately eligible to enroll in and contribute to the company’s 403(b) retirement plan and are eligible for a discretionary employer match (currently 100% up to $5k Annually) the month following their six month anniversary.
- Full time employees will also accrue vacation at the rate of 6.15 hrs/pay period for a maximum of 20 days annually.
- Full time employees receive 12 paid holidays throughout the calendar year in addition to a number of 1/2 days the day before some major holidays.
- Upon successful performance of both the employee and the company there is potential for an annual bonus. **This position is not eligible for per-file bonus/commissions.
- Employees earn 1.384 hours of paid sick leave for every 40 hours worked.
- Full time employees earn 2 hours of PTO per month in addition to vacation and sick leave.
WORKING CONDITIONS:
Ability to work from a home based office.
About Northwest Business Development Association:
Commercial Credit Analyst - Spokane Valley, WA - Full Time
Full job description
Job Title: Commercial Credit Analyst
Reports To: Chief Credit Officer
FLSA Status: Non-Exempt
Starting/Hiring Wage: $40,000 – $57,500 annually
Full Wage Range: $40k – $75k annually – Midpoint and above is reserved for employees who have longevity with Northwest Business Development and consistently exhibit outstanding performance over a period of time in the role.
JOB SUMMARY: This position is responsible for processing new SBA 504 loan applications. This includes spreading and analyzing financial information, screening for SBA eligibility, and ensuring proper completion of key forms submitted to SBA.
ESSENTIAL JOB FUNCTIONS:
The essential functions of the position include but are not limited to the following:
- Maintain an organized loan file, communicate needs lists effectively to Business Development Officer (BDO), and be responsible for ensuring all pending items are collected and filed appropriately.
- Understand key eligibility and analysis components relating to SBA 504 lending by utilizing SBA’s Standard Operating Procedures and NWBDA’s Credit Policies and Procedures / Operations Manual when making decisions.
- Input loan data into the loan software utilized by the company for electronic loan application submission to SBA.
- Spread financial statements and tax returns and analyze the results, which include constructing a written narrative of key risk factors and findings. Ensure proper calculation of debt service coverage when assessing a borrower’s ability to repay the loan.
- Assist with annual loan risk ratings, which involve spreading financials and recommending risk rating changes.
- Assist all departments with various tasks relating to each stage of the loan process.
- Respond timely to and file emails within the shared Processing Inbox.
- Accurately prepare loan forms including but not limited to the SBA Authorization (draft), and SBA Form 1244.
- Scan or save all loan file documentation and correspondence in BMI (electronic document management system).
- Review and submit appraisal reports to SBA for approval.
ADDITIONAL RESPONSIBILITIES:
- Provide back-up assistance for Junior Credit Analyst and Loan Assistant as needed on pre-application submission items, including but not limited to environmental reports, franchise agreements, INS clearances, and Form 912 clearances.
- Make recommendations to NWBDA Chief Credit Officer for procedural changes to promote efficiencies within the company.
- Attempt to attend all meetings where your presence is requested by management.
- Attempt to attend all training classes / webinars provided by NWBDA that will benefit your current or future positions with NWBDA.
- Assist with other requests or duties as requested by management.
- Comply with all Northwest Business Development Association’s policies and procedures and operations manuals.
Knowledge, Skills, & Abilities:
The ideal candidate:
- Must provide back-up assistance for Junior Credit Analyst and Loan Assistant as needed on pre-application submission items, including but not limited to environmental reports, franchise agreements, INS clearances, and Form 912 clearances.
- May make recommendations to NWBDA Chief Credit Officer for procedural changes to promote efficiencies within the company.
- Must attempt to attend all meetings where your presence is requested by management.
- Must attempt to attend all training classes / webinars provided by NWBDA that will benefit your current or future positions with NWBDA.
- Must assist with other requests or duties as requested by management.
- Must comply with all Northwest Business Development Association’s policies and procedures and operations manuals.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements detailed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Minimum Education &/or Experience
- High school diploma and a minimum of 2 years on-the-job experience in commercial credit analysis OR a minimum of 3 years on-the-job experience in credit analysis in an area other than commercial lending.
- Previous lending experience in the area of Credit Analysis and/or SBA Standard Operating Procedures is preferred.
Other Skills & Abilities
Proficiency with Microsoft Office Suite, including Word, Excel, Outlook and PowerPoint. Experience with financial spread software and SBA 504 Software Ventures+ is desirable. Ability to acclimate quickly to other programs.
Language Skills
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to create comprehensive reports, business correspondence, and procedure manuals. Ability to effectively present complex information succinctly and respond to questions from groups of managers, clients, customers, and the general public.
Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry. Ability to create, interpret and explain spreadsheet analysis.
Reasoning Ability
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with complex problems involving several concrete variables in standardized situations.
PHYSICAL REQUIREMENTS:
This position is sedentary and requires the following physical activities:
- Sitting for long periods of time; occasional bending, squatting, kneeling, stooping; good finger dexterity and feeling; frequent repetitive motions; talking, hearing and visual acuity.
- Frequent lifting (up to 25 pounds of paper supplies or minor office equipment).
GENERAL BENEFIT DESCRIPTION:
- Full time employees are covered by medical, dental, vision and life insurance.
- Employees are immediately eligible to enroll in and contribute to the company’s 403(b) retirement plan and are eligible for a discretionary employer match (100% up to $5k Annually) the month following their six month anniversary.
- Full time employees will also accrue vacation at the rate of 3.08 hrs/pay period for a maximum of 10 days in the first year of employment.
- Full time employees receive 12 paid holidays throughout the calendar year in addition to a number of 1/2 days the day before some major holidays.
- Employees earn 1.384 hours of paid sick leave for every 40 hours worked.
- Full time employees earn 2 hours of PTO per month in addition to vacation and sick leave.
- Upon successful performance of both the employee and the company there is potential for an annual bonus. **This position is not eligible for per-file bonus/commissions.
WORKING CONDITIONS:
Office environment.
**Remote and hybrid scheduling is not available for this position.
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