Loan Officer

Join the Ohio Department of Development’s Minority Business Development Division to help expand and grow Ohio’s minority business economy.

About the role

Assist in administering multiple loan and incentive programs, including Minority Business Direct Loan, Collateral Enhancement, Ohio Micro Loan, Women’s Business Enterprise Loan, and CDFI Loan Participation programs.

Responsibilities

• Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria.
• Prepare detailed loan package write-ups, including financial and market analysis, and present requests to the Minority Development Financing Advisory Board.
• Prepare loan documentation for Controlling Board review and manage applicant correspondence related to awards and disbursement of funds.
• Perform credit analysis, including reviewing financial statements, tax compliance, job creation verification, loan covenants, and payment histories.
• Connect minority, small, and disadvantaged businesses across Ohio with relevant financial and developmental resources.

Requirements

• Working knowledge of business lending programs and commercial lending.
• Previous experience working in a bank, credit union, Community Development Financial Institution, or other economic development business lending organization performing business credit and debit service analysis.
• Bachelor's degree in finance or accounting, or bachelor's degree in another area plus previous work experience in finance, accounting, or commercial lending.
• Economic development or business development experience helpful.
• Excellent written, verbal, and interpersonal communication skills as well as analytical and prioritization skills.
• Proficiency in using MS Suite.

Pay

$80,000 per year.

Schedule

Full-time, Monday through Friday, day hours.

Work Location: Riffe Tower, Columbus, OH (Franklin County).