POSITION: SMALL BUSINESS & COMMERCIAL LOAN OFFICER
CLASSIFICATION: Full-Time Exempt
ORGANIZATION: Northside Economic Opportunity Network (NEON)
LOCATION: 1011 West Broadway Avenue, Minneapolis, MN 55411
CLOSING DATE: February 19, 2021
WEBSITE: https://www.neon-mn.org
ORGANIZATION SUMMARY: The Northside Economic Opportunity Network (NEON) mission is to build wealth for low-to-moderate-income entrepreneurs in North Minneapolis and surrounding communities. We transform the community into a prosperous, visible, sustainable, and highly diverse multi-cultural entrepreneurs. We work with individuals at various entrepreneurship stages - from "information seekers" to existing business entities, providing a roadmap to start, grow and thrive as scalable businesses. We offer spaces to work, expert guidance from NEON Business Advisors, mentorship, business incubation, development, training, and workshops.
JOB SUMMARY: NEON is seeking candidates for Small Business & Commercial Loan Officer position in the organization’s Lending Department. The Loan Officer will provide technical assistance and serve as the primary underwriter for small business and commercial real estate loan applications. The Loan Officer will have knowledge of public and private resources available to leverage NEON’s investment and will provide support to strategically deploy NEON’s array of financing products, including small business loan products and commercial real estate loan products. The Loan Officer will report to the Vice President of Lending.
This job description serves only as a general description of the anticipated day-to-day responsibilities of the position. This document does not create an employment contract, implied or otherwise, other than an "at-will" employment relationship. The Vice President of Lending retains the discretion to add duties or change this position's responsibilities at any time.
To perform this job successfully, you must be able to carry out each essential job function satisfactorily, as described in the Job Responsibilities section below.
JOB RESPONSIBILITIES:
1. 90%
10%
Other duties as assigned
REQUIRED QUALIFICATIONS:
Education and Experience:
Bachelor’s degree in business, finance, real estate, or related fields. Master’s degree preferred.
Knowledge, Skills, and Abilities:
Licenses and/or Certifications:
For considerations, please send your resume and cover letter in Word or Pdf. format to info@antonelli-associates.com with the subject line: NEON Small Business & Commercial Loan Officer. Close date February 28, 2021.
NEON is an Equal Opportunity Employer and will not discriminate against any person on the basis of race, religion, national origin or sex in violation of Title VII. NEON prohibits discrimination against employees, applicants for employment on the basis of age, race/color, disability, marital status, national origin, religion, sex, gender identity, sexual orientation, familial status, genetic information or veteran’s status
CLASSIFICATION: Full-Time Exempt
ORGANIZATION: Northside Economic Opportunity Network (NEON)
LOCATION: 1011 West Broadway Avenue, Minneapolis, MN 55411
CLOSING DATE: February 19, 2021
WEBSITE: https://www.neon-mn.org
ORGANIZATION SUMMARY: The Northside Economic Opportunity Network (NEON) mission is to build wealth for low-to-moderate-income entrepreneurs in North Minneapolis and surrounding communities. We transform the community into a prosperous, visible, sustainable, and highly diverse multi-cultural entrepreneurs. We work with individuals at various entrepreneurship stages - from "information seekers" to existing business entities, providing a roadmap to start, grow and thrive as scalable businesses. We offer spaces to work, expert guidance from NEON Business Advisors, mentorship, business incubation, development, training, and workshops.
JOB SUMMARY: NEON is seeking candidates for Small Business & Commercial Loan Officer position in the organization’s Lending Department. The Loan Officer will provide technical assistance and serve as the primary underwriter for small business and commercial real estate loan applications. The Loan Officer will have knowledge of public and private resources available to leverage NEON’s investment and will provide support to strategically deploy NEON’s array of financing products, including small business loan products and commercial real estate loan products. The Loan Officer will report to the Vice President of Lending.
This job description serves only as a general description of the anticipated day-to-day responsibilities of the position. This document does not create an employment contract, implied or otherwise, other than an "at-will" employment relationship. The Vice President of Lending retains the discretion to add duties or change this position's responsibilities at any time.
To perform this job successfully, you must be able to carry out each essential job function satisfactorily, as described in the Job Responsibilities section below.
JOB RESPONSIBILITIES:
1. 90%
- Provide technical assistance to borrowers on project planning, development models, and financing options.
- Screen, structure, and underwrite financing requests, including analyzing operating performance, historical, and projected financial performance, management capacity, organizational structure, and project feasibility for small business and commercial projects. Present loan recommendations to NEON's Credit Committee and the Board of Directors, as necessary.
- Manage the closing process for approved loans in consultation with NEON counsel. Collaborate with internal and external parties (banks, co-lenders, attorneys, etc.) to structure financings, including managing inter-creditor negotiations; reviewing real estate contracts, leases, and due diligence; and identifying and negotiating key risk mitigants, including reserves, guarantees, and other forms of credit enhancement.
- Coordinate internal and external relationships critical to the economic development lending portfolio's growth, including relationships with NEON Business Development staff and other national and local lending and program partners.
- Work with NEON management to develop strategic collaborations with public and private sector agencies at the local, state, and federal levels that leverage NEON's capabilities.
10%
Other duties as assigned
REQUIRED QUALIFICATIONS:
Education and Experience:
Bachelor’s degree in business, finance, real estate, or related fields. Master’s degree preferred.
Knowledge, Skills, and Abilities:
- Minimum 5 years of demonstrated experience with small business, commercial, and/or multifamily real estate development is preferred, including project financing, market analysis, deal structuring, and financial analysis.
- Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with various internal and external parties to meet approval and closing deadlines.
- In-depth knowledge of financing products such as predevelopment, acquisition, construction, bridge, permanent loans, and lines of credit.
- Strong understanding of and experience with community development financial models, including but not limited to Small Business Administration (SBA), federal, state, and city subsidy programs.
- Strong verbal and written communication skills.
- Highly detail-oriented.
- Demonstrated interest in NEON’s community economic development mission. Experience in lending to BIPOC-owned businesses.
Licenses and/or Certifications:
- Valid MN Drivers' License, access to reliable transportation, and the ability to meet NEON's driving record requirements.
- Certification of any mandatory State loan officer training or licensing required.
For considerations, please send your resume and cover letter in Word or Pdf. format to info@antonelli-associates.com with the subject line: NEON Small Business & Commercial Loan Officer. Close date February 28, 2021.
NEON is an Equal Opportunity Employer and will not discriminate against any person on the basis of race, religion, national origin or sex in violation of Title VII. NEON prohibits discrimination against employees, applicants for employment on the basis of age, race/color, disability, marital status, national origin, religion, sex, gender identity, sexual orientation, familial status, genetic information or veteran’s status