Loan Officer – Ohio Statewide Development Corporation
Employer: Ohio Statewide Development Corporation
Job Title: Loan Officer
Work Hours: Full-Time; Flexible hours can be arranged
Salary: $70,000 – $80,000 + bonus for loan production
Reports to: Executive Director
Location: 1650 Lake Shore Drive, Suite 240, Columbus, OH 43204
Benefits: SIMPLE IRA Retirement Plan with 3% employer match; Cell Phone and Mileage Reimbursement; Medical, Dental, & Vision insurance; Paid Time Off
Overview: Small business commercial real estate and equipment lending, in partnership with private lenders, utilizing the public sector financing programs—specifically the U.S. Small Business Administration 504 Loan Program and the Ohio 166 Regional Loan Program.
Job Duties:
• Market OSDC loan programs to banks, businesses, and business professional advisors
• Interview, guide, and advise businesses through loan application/approval and closing process
• Conduct program eligibility review/underwriting and feasibility analysis for potential loans
• Provide written and oral presentation of loan request to OSDC Board of Directors
• Develop and maintain in-depth knowledge of loan program guidelines and regulations
• Prepare and facilitate approval of loan applications
• Assist in loan closings that may include the collection, preparation and execution of loan documentation
• Assist in loan servicing that may include annual loan review, review and processing of modifications to collateral and loan terms, negotiation of loan workouts
• Develop and maintain knowledge of local, state and federal loan programs to maximize coordination with OSDC programs and better serve small business borrowers
Qualifications:
• Bachelor’s degree & completion of core coursework in finance, accounting, economics, business
administration, or related field
• Experience in analyzing business financial statements
• Superior written & verbal communication skills. Experience writing credit memos preferred.
• PC proficiency in word processing, database, and spreadsheet software.
• Experience in processing commercial loans preferred
• Knowledge and experience of economic development programs preferred
• Driver’s license required
Submit resume with letter of interest to Michael Kinninger, Executive Director, at mkinninger@osdc.net.
A Stronger Workforce through Understanding Mental Health and Addiction
About three months ago, we launched our Recovery Within Reach campaign, a first-of-its-kind effort to educate Ohioans about the financial effects of opioid addiction — and to connect them with treatment options close to their homes.
Our goal is to create a new way of talking about addiction, one in which people consider the facts and practical realities of how substance use disorder affects their lives. Not long ago, Gov. Mike DeWine challenged all of us in state government to think of ways we could help Ohioans navigate the opioid crisis that has affected our state for so long. For us, that meant considering the financial effects of addiction — and providing tools and trainings to help Ohioans and financial advisers talk about addiction and access care.
read moreUCI Awarded $45 Million in New Market Tax Credits to Invest in Transformational Uptown Projects
Uptown Consortium, Inc. (UCI) received $45 million in New Markets Tax Credits, which it will use to spur development in transformational projects in Uptown Cincinnati.
read moreNewark Development Partners continues to make strides in Downtown Newark
Newark Development Partners (NDP), the community improvement corporation for the City of Newark, continues to further development in the Downtown through various projects. The sale of the Hudson Avenue Church with surrounding property, the renewal of the Downtown Special Improvement District and the commencement of construction at the Historic Arcade are all recent successes for the City of Newark.
read more