Job Openings

Baltimore Community Lending is happy to announce two new open positions for Baltimore Business Lending. One position is for a Loan Associate to assist the Director in facilitating the continued growth of Baltimore Business Lending, ensuring that our communication, response, and follow-up with borrowers and our partners stays strong as we grow. The second position is for a Loan Officer, an individual with experience in small business lending to work in the origination and underwriting of small business loans. We are looking for people who have the right experience and qualities to expand our service to underserved segments of Baltimore. Compensation is competitive and will be adjusted based on experience. Attached are the job descriptions for these two positions. If you know of someone interested in joining this initiative, please share this information. Interested applicants may submit their application to Resumes@bclending.org.

Loan Associate
Baltimore Business Lending, Inc.
Baltimore, Maryland

Position:

Baltimore Business Lending, Inc. is looking for a dynamic individual driven to work with the Director and lenders to assist them in providing capital to new and emerging small business entrepreneurs who are looking to create or expand businesses in Baltimore City and are otherwise creditworthy with the exception of diminished or non-existent collateral or equity to secure traditional financing.

Background:

Baltimore Business Lending (BBL) is a non-profit small business lending limited liability company and wholly-owned subsidiary of Baltimore Community Lending, a certified Community Development Financial Institution (CDFI). The BCL mission is to support the revitalization and strengthening of Baltimore neighborhoods through innovative and flexible financing programs. The Company has a 29 year history of providing construction and development financing to non-profit and for-profit developers of properties in Baltimore City neighborhoods and neighborhood commercial districts. BBL is a natural extension of the BCL efforts to improve access to capital to underserved segments of the Baltimore City community, provide economic opportunity to otherwise credit worthy individuals, and help strengthen and improve the overall Baltimore City economy.

Job Summary

This position provides support to the Director and loan officer/s of BBL. The primary function is to assist with the ongoing support of the Director to build out the program, including client relations, scheduling community outreach, assisting in providing client services, directly coordinate the collection of required documents, the preparation of loan closing packages on approved loans, and follow-up documentation as needed. This position requires a significant amount of customer contact. The primary functions of the position are administrative in nature and a successful employee will gain significant professional experience and opportunities to grow in service to Baltimore City and its citizens.

Essential Duties and Responsibilities

• Assist the Director with the organizational and project management functions of BBL
• Manage the verbal, written and electronic communication with customers and partners of BBL, scheduling of meetings, following up with required documentation as needed.
• Compile, and maintain all requisite reports, and provide to the Director for approval in a timely fashion prior to submission to the relevant organizations
• Maintaining reports from the LendingFront and other transactional software.
• Working with the Finance/Loan Servicing staff in updating and reviewing the servicing of the loans as needed.
• Coordinating with Finance, loan officer/s and Director for the provision of capital for approved loans.
• Assisting the Loan Officers with compilation of information during the application, underwriting and approval process for a loan.
• Assisting in the collection of all documentation as required by the loan officer and consistent with normal lending practices.
• Contact customers, when directed, to gather loan application information for review.
• Once the loan is approved, assist the Loan officers’ work with partner lenders, and others to assure competent and complete loan closings and all other required items needed for settlement.
• Monitoring, collecting and removing items from the documentation exception list.
• Complete all other duties as assigned.

Requirements:
 Experience with small business lending and/or community development lending a plus.
 A minimum of an AA degree is required, with a Finance, Lending, or Accounting concentration preferred. Experience in these fields can be substituted for a specific degree in these disciplines.
 Must possess ability to work in a fast paced environment and maintain a high degree of accuracy.
 Must have the ability to enter data in a computer with speed and accuracy; and exhibit good mathematical aptitude.
 Must be a confident team member, who is not afraid to offer informed solutions when identified issues and challenges relating to loan program implementation arise.
 Must be able to show experience to organize, and be able to perform timely, accurate and comprehensive analyses and detailed reporting.
 Proficiency in Microsoft Suite of software, including Word, Excel and Outlook, is required.

Previous Experience:
At least five years of experience in the areas of accounting, financial analysis, lending for small business and/or nonprofit organizations. Candidates with loan processing experience are preferred.

Compensation:
Compensation, paid as a salary with benefits, is commensurate with experience and qualifications. The excellent benefits package includes 40lk plan with match, health insurance, life and disability insurance, and paid annual leave.

How to Apply:
Application Instructions: Please submit a cover letter, resume and salary requirements to Resume@BCLending.org with “Loan Associate” in the subject line.

Baltimore Business Lending, LLC (BBL) is a wholly-owned subsidiary of BCL, a 501(c)(3) non-profit real estate financing corporation and certified Community Development Financial Institution. BBL and BCL are Equal Opportunity Employers (EOE).

July 2018

POSITION: LOAN OFFICER- SMALL BUSINESS

The Loan Officer- Small Business is responsible for identifying potential new customers and originating loans to those prospective borrowers on behalf of Baltimore Business Lending (BBL). BBL is a wholly owned subsidiary of Baltimore Community Lending, a certified Community Development Finance Institution. The Loan Officer reports directly to the Director of BBL and performs such other duties and responsibilities as assigned by the Director of BBL, and the President/CEO of BCL

Job Summary

This position provides lending support to the Director of BBL. The primary function is to work with potential clients to assist them in completing their application for a loan to establish or strengthen a small business in Baltimore City. A drive to assist people to access capital in order to achieve financial success and improve the overall economy of Baltimore City is a key requirement. We are committed to be as supportive as possible and the candidate in addition to experience with small business financing will need to understand how to mitigate unnecessary risk. Outreach and marketing, being able to take a complete application, assisting in providing client services are important and requirements for this position. This position requires a significant amount of customer contact. The primary functions of the position are to serve otherwise credit worthy people who lack existing equity or collateral as a way to help grow the Baltimore City economy while providing opportunity for wealth building to its citizens.

DUTIES AND RESPONSIBILITIES:

• Provide basic technical assistance and information to the public, potential loan program applicants and others with a need for information and assistance regarding the general guidelines, requirements, regulations and procedures governing BBL loan products for which the loan officer has or may have responsibility.
• Intake Loan Applications into the LendingFront portal and review completed
applications to determine basic program eligibility within the current regulations and guidelines for all programs administered by BBL.
• Underwrite each loan based on normal guidelines for small business loans and the additional loan overlays and guidelines provided by BBL. Present each loan application to the Director of BBL for review of the decision provided by the loan officer based on the underwriting guidelines and financing capacity of BBL.
• Review and analyze applications which are found to be program eligible for financial feasibility consistent with BBL underwriting standards and approved loan policies and procedures, which shall include, but is not limited to the following tests:
o Full Business Plan, including a Marketing Plan,
o Accuracy and completeness of required documents,
o Development costs,
o Availability of proposed funding including other funding sources,
o Accuracy, rationality and completeness of projected operating expenses and debt service,
o Eligibility for the program including market feasibility, ability to handle proposed rents and carrying costs.
o Site visits,
o Personal and phone interviews, –
o Review of public records, etc. as needed,
o Review of neighborhood condition,
o Any other information relevant to loan feasibility analysis.
• Develop, maintain and continuously update his/her knowledge of directly applicable laws, regulations, guidelines and procedures affecting BBL products or programs for which the loan officer has responsibility. This includes knowledge of basic eligibility, financial, market and physical feasibility requirements and all other factors affecting approval or disapproval of loan applications.
• Negotiate terms of a loan within loan policy and in consultation with Director of BBL or President/CEO of BCL. All proposed variances from approved lending policies must be approved in writing by the President/CEO.
• Review “BBL” Loan Packages prior to submission for completeness content and project support documentation
• Interact with legal counsel regarding loan documentation and any legal issues regarding a particular loan.
• Meet with private, public or other lenders regarding any potential transactions and finding programs available to assist with “BBL” projects.
• Make site visits for existing and potential transactions to observe current environment for consistency and reasonableness of the project and existing neighborhood conditions.
• With regard to each application in the workload, the Officer is expected to keep their supervisor informed of significant progress or problems as they arise, and seek assistance to resolve problems as appropriate.
• Disseminate information through a series of regularly required reports.
• Assist the Finance Department/Portfolio team in performing annual loan reviews.
• Demonstrate a proficiency in effectively communicating technical concepts, writing letters, memoranda, loan summaries, position papers.
• Supervise maintenance of official files, organized in the standard BCL prescribed manner, properly secured and available in the prescribed location.
• Work as a team member, ever conscious of deadline needs, work flow and assignment schedules.

POSITION QUALIFICATIONS:

Minimum undergraduate or college degree with five (5) or more years’ experience including 1) lending experience, in business finance lending; 2) work experience or familiarity with community development a plus 3) strong communication, writing and 4) proficient computer skills including Microsoft Excel, Outlook, Word, and Power Point.

COMPENSATION:

Compensation, paid as a salary with benefits, is commensurate with experience and qualifications. The excellent benefits package includes 40lk plan with match, health insurance, life and disability insurance, and paid annual leave.

How to Apply:
Application Instructions: Please submit a cover letter, resume and salary requirements to Resume@BCLending.org with “Loan Officer” in the subject line.

Baltimore Business Lending, LLC (BBL) is a wholly-owned subsidiary of BCL, a 501(c)(3) non-profit real estate financing corporation and certified Community Development Financial Institution. BBL and BCL are Equal Opportunity Employers (EOE).

July 2018