Loan Workout Officer jobs in Wisconsin

The Loan Officer is a full-time position responsible for producing approved, closed, and disbursed loans and for coordinating and expanding WWBIC’s small business and micro-lending programs.

Essential Job Duties:

• Identify, analyze, underwrite and close loan applications in accordance with approved policies and guidelines. Present comprehensive loan packages with sound financial projections for review by Director of Lending
• Develop new business and maintain a presence in assigned regional area to facilitate loan production.
• Develop and foster key relationships to ensure collaborative partnerships with area financial institutions and other referral sources for loan referrals. Educate potential partners through presentations detailing WWBIC’s products and services. Continually develop relationships with business bankers, accountants, lawyers. Represent and/or speak as a representative of WWBIC at community and/or professional functions, expos, partner/funder meetings, collaborations, conferences and meetings.
• Monitor progress, collect data or documentation, and manage customers as required by funders and internal policies through ongoing client contact. Work closely with loan borrowers to identify business assistance needs.
• Track counseling hours; input them regularly into Outcome Tracker Database.
• Coordinate the accurate and timely completion of paperwork including loan write-up requests.
• Facilitate collection of Employment Information Forms (EIF) on new loan clients prior to loan closing.
• Approve loan disbursements.
• Remain current on trends in the community capital and microenterprise industries to ensure delivery of comprehensive alternative financing options to clients. Work as a team member to implement, facilitate and expand microlending initiatives.
• Accountable to meet and exceed production goals and program deliverables for assigned area.

Qualifications:

• Bachelor’s degree required
• Minimum three to five years experience in business banking, or accounting are required.
• Experience as a mortgage loan officer, underwriting and origination a plus
• Bilingual (i.e. fluent in Spanish – written and verbal) a plus.
• A strong background in small business financing preferred.
• Experience in community development lending is preferred.
• Strong written and verbal communication skills and computer literacy including Microsoft products and loan servicing software are necessary.
• Strong analytical and problem solving skills desired.
• Must be able to prioritize and handle multiple tasks in a fast-paced organization to meet deadlines and performance goals.
• The ability to communicate effectively and work with a diverse community is essential.
• Valid driver’s license and proof of liability and property damage insurance on vehicle used is required as the position requires travel within the state.
• Some evening/weekend hours may be required.
• Must present a positive, professional appearance at all times.

Job Type: Full-time

Pay: $55,776.00 - $69,720.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Work setting:

• Hybrid work
• Office

Application Question(s):

• Do you have 5 years of solid work experience in business lending or business underwriting?
• Do you have experience in coaching small business owners?
• Are you able to travel throughout the state of Wisconsin 20% of the time?

Work Location: Hybrid remote in Milwaukee, WI 53212