Rural Community Assistance Corporation (RCAC) · 3 days ago
Senior Loan Officer (Job #345) ($101,299 - $111,778)
United States
Full-time
Onsite
Mid, Senior Level
$101K/yr - $112K/yr
5+ years expRural Community Assistance Corporation (RCAC) is dedicated to supporting community development projects, and they are seeking a Senior Loan Officer to work with Loan Officers and Technical Assistance providers. This role involves originating and underwriting loans, maintaining borrower relationships, and managing a loan portfolio to ensure efficiency and accuracy in the lending process.
CommunitiesEducation
Responsibilities
Supports clients through all stages of the pipeline and lending process, assisting with applications, conducting financial analysis, underwriting loans, and preparing documentation for loan approval
Ensures efficiency and accuracy in the loan application process through loan documentation preparation and loan closing
Ensures the maintenance of a high-quality individual loan portfolio and supports overall collection and recovery management efforts
Monitors existing loan portfolio to ensure early identification of potential problems
Services current client accounts
Works with prospective nonprofit, Tribal, and public-sector loan applicants; assists with analyzing needs and the structure of loan requests
Works with small business loan applicants; analyzes and determines applicable loan products to meet the applicant's business needs
Analyzes historical and projected cash flow and assesses business viability through interviews with business owners and review of loan application, tax returns, income statements, bank statements, references, and other relevant data necessary
Analyzes and reviews other credit decision factors, including assessment of loan use, income and employment verification, review of credit reports, and analysis of borrowers' collateral and assets
Efficiently processes complete application packages, including screening packages against product guidelines and required documents, entering and processing loans in system, gathering all required documents, and closing out applications (approvals or declines) within target timeframe
Evaluates documents to ensure accuracy and completeness to comply with RCAC's guidelines, standards, and program requirements and terms
Structures loan rate and terms
Prepares construction draws and other loan draws as requested
Negotiates loan terms and requirements with borrowers within RCAC guidelines
Works with the Loan Production and Credit Manager to finalize proposed terms and the credit memo
Makes decisive loan recommendations, making a compelling case for loan decisions; presents proposed loans for staff credit review as well as RCAC Loan Committee for approval
Maintains pipeline report for accuracy on status of current and closed files
Conducts periodic analysis of borrower financial statements and reports
Conducts site visits of prospective borrower projects as well as existing portfolio clients, as needed
Designs and delivers individual or group presentations at conferences and workshops
Markets and represents RCAC and the loan fund to existing and potential clients
Maintains working relationships with federal, state, and other agencies and firms that are partners in providing resources for rural areas
Maintains professional relationships with the clients throughout the term of the loan
Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, and participating in professional societies
Maintains records and documents so they are accessible and available for business; follows a storage and disposition files management plan
May assist the servicing team as needed
May assist the closing team as needed
Performs other related duties as assigned
Qualification
Required
Combination of education and experience can meet minimum qualifications
High School Diploma or GED
Valid driver's license and proof of insurance that meets the minimum requirements ($100,000/$300,000) of RCAC corporate liability policy
Five years of commercial lending experience in preparing and negotiating complex, multi-layered transactions, balancing borrower needs with sound underwriting judgment and risk mitigation
Experience in affordable housing, community facilities, environmental infrastructure, or business lending
Proficient computer skills with Microsoft Office programs
Detailed analytical skills with database management and spreadsheet knowledge required
Must pass a criminal background investigation prior to employment
Knowledge of financial needs for rural and economic development projects
Knowledge of underwriting loans for community development projects
Knowledge of commercial lending
Knowledge of government programs and regulations related to various community development lending programs
Skill in operating business computers and office machines, including in a Windows environment, specifically Word, Excel, Access, and presentation software (such as PowerPoint)
Skill in operating loan production software (such as Abrigo) and credit analysis software (such as Bukers)
Strong business development, communication, and critical thinking skills
Organizing and coordinating skills
Customer service skills
Ability to prepare and present loan documentation
Ability to work in a fast-paced environment
Ability to create, compose, and edit written materials
Ability to make administrative/procedural decisions and judgments
Ability to gather data, compile information, and prepare reports
Ability to carry out instructions furnished in verbal or written format
Ability to establish and maintain professional relationships with individuals of varying social and cultural backgrounds and with co-workers at all levels
Ability to maintain confidentiality
Ability to meet strict timelines
Preferred
Bachelor's degree
Previous experience working with nonprofits, local, and Tribal governments
Commitment to rural communities and disadvantaged groups
Company
Rural Community Assistance Corporation (RCAC)
Founded in 1978, RCAC provides training, technical and financial resources and advocacy so rural communities can achieve their goals.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$7.25MKey Investors
Community Development Financial Institutions Fund
2024-10-23Grant· $6.75M
2023-04-10Grant· $0.5M
Leadership Team
Stan Keasling
CEO
Stanley Keasling
Chief Executive Officer
Recent News
2025-09-23
News is My Business
2025-03-17
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