Vice President, Commercial Loan Officer

Job Title: Vice President, Commercial Loan Officer

Reports To: Business Development Manager

Physical Location: Central Washington or the surrounding area

Location of Territory: Eastern & Central Washington

Successful candidates must reside within a reasonable commuting distance of the territory above.

FLSA Status: Exempt

Full Wage Range: $60,000 (base) - $150,000 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.

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 Authorization 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 Authorization 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's 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.
• Prior experience and current expertise in marketing within the specified territory are essential requirements.

Knowledge, Skills, & Abilities:

The ideal candidate:

• Must have a strong proficiency in PC applications including Windows and Microsoft 365 Suite.
• 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 and your territories.
• Must have good marketing skills
• 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 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. Spanish language skills are a plus!

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 sixth month anniversary.
• Full time employees will also accrue vacation at the rate of 6.15 hrs/pay period for a maximum of 20 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.

WORKING CONDITIONS:

Ability to work on the road, from a home based office and traditional (Spokane, WA) office setting (on occasion).