Community Development Loan Officer oversees the bank's CRA Programs and policies to ensure compliance with federal Community Reinvestment Act banking regulations to meet the credit needs of the area's low to moderate-income populations. Serves as the subject matter expert of CRA laws, rules, and regulations by maintaining a deep and up-to-date knowledge of regulatory requirements, proposed legislation, and announcements. Being a Community Development Loan Officer reviews and analyzes lending activity data and practices to ensure compliance with CRA policies. Develops, implements, and administers the overall corporate CRA plan and localized or remedial plans with guidelines and standards to assist with compliance. Additionally, Community Development Loan Officer advises management and coordinates with legal staff on the potential impact of actions. Coordinates and delivers reports to bank leadership and regulatory agencies. Ensures the bank has a positive and visible role in community economic development activities, events, and initiatives. Requires a bachelor's degree or equivalent. Typically reports to a director. The Community Development Loan Officer work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Community Development Loan Officer typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)
Position Summary
Eastern Maine Development Corporation, a private, non-profit, mission-based lender, is seeking a new Loan Officer to join its Lending Department team. Particular focus will be given to EMDC’s participation in the U.S. Small Business Administration’s (SBA) 504 and Community Advantage 7(a) loan programs as well as EMDC’s direct lending programs.
The Loan Officer will establish mutually beneficial relationships with banking partners including commercial loan officers; state and federal agencies including the SBA, USDA, EDA, CDFI, and Finance Authority of Maine (FAME); partner non-profit organizations such SCORE and SBDC; and individuals. The candidate chosen to fill this position will provide loans and referrals for small businesses, and market all of EMDC’s lending programs and services.
Essential Function
Job Requirements
This person must demonstrate professionalism, have high energy, be enthusiastic, be highly motivated, value teamwork, have the ability to manage multiple projects and initiatives, and have problem-solving skills. Familiarity with SOPs relating to the SBA 504 and 7(a) loan programs as well as rules and regulations governing EDA and USDA programs is preferred. EMDC is willing to expand the role within the Lending Department and organization for certain qualified applicants.
Core Competencies
· Computer skills: Skilled in the use of computers, adapts to new technology, learns new programs quickly, uses computers to improve productivity.
· Customer service: Handles customer/client questions and complaints, communicates with customers/clients, handles service problems politely and efficiently, always available for customers/clients, follows procedure to solve customer/client problems, understands company products and services, maintains pleasant and professional image.
· Dependability: Meets commitments, works independently, accepts accountability, handles change, sets personal standards, stays focused under pressure, and meets attendance/punctuality requirements.
· Integrity/Ethics: Deals with others in a straightforward and honest manner, is accountable for actions, maintains confidentiality, supports company values, conveys good news and bad.
· Teamwork: Meets all team deadlines and responsibilities, listens to others and values opinions, helps team leader to meet goals, welcomes newcomers and promotes a team atmosphere.
Position Competencies
Education/Experience
Working Conditions
General business hours are 8:00 a.m. to 5:00 p.m. Monday through Friday, though exempt positions will typically require work to be performed outside general business hours. Work is generally performed in an indoor, professional office environment.
While performing the duties of this job, the employee is regularly required to sit and talk or listen, and regularly required to use a keyboard for typing. The employee is often required to stand and walk. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus. The employee must travel to different locations and must be able to provide own transportation.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Job Type: Full-time
Pay: $44,075.00 - $60,008.00 per year
Benefits:
Schedule:
Work setting:
Work Location: In person