What are the responsibilities and job description for the Small Business Loan Officer position at Community Capital NY?
Overview
We are looking for an experienced sba or small business lender to represent the company in the Utica, Syracuse and I-90 corridor market of New York. The candidate must reside in Utica or Syracuse.
Background
Community Capital NY is a 38-year-old CDFI serving New York State. CCNY offers Technical support as well several loan verticals. They include small business loans, start-up loans, SBA loans, contractor loans and pre-development loans.
Remote Position
The small business Loan Officer is a key member of the Team. SBA Loan Officer helps small businesses secure financing backed by the U.S. Small Business Administration (SBA). They evaluate loan applications, analyze financial records, ensure compliance with SBA Standard Operating Procedures (SOP), and structure loan terms with lenders.
Duties
- Engage with prospective and existing clients to understand their financial needs and promote appropriate loan products for small businesses.
- Conduct thorough credit analysis, including assessing financial statements, cash flow, and credit reports to determine loan eligibility.
- Manage the entire loan origination process using Loan Origination Systems (LOS), from application intake through underwriting and approval.
- Negotiate terms with clients, ensuring mutually beneficial agreements while adhering to fair housing regulations and compliance standards such as TILA (Truth in Lending Act).
- Collaborate with internal teams on mortgage servicing, loan processing, and underwriting to facilitate smooth transaction flow.
- Maintain up-to-date knowledge of industry regulations including SBA guidelines, banking compliance, and mortgage lending practices to ensure all loans meet legal standards.
- Build strong relationships with clients through effective communication, providing ongoing support throughout the loan lifecycle.
Requirements
- Evaluate loan applications, analyze financial records, ensure compliance with SBA Standard Operating Procedures (SOP), and structure loan terms with lenders. [1, 2]Key Responsibilities
- Origination & Business Development: Identify new lending opportunities, build referral networks, and manage pipelines of SBA leads. [1]
- Underwriting & Analysis: Evaluate business tax returns, personal financial statements, credit reports, and Franchise Disclosure Documents (FDD). [1]
- Closing & Compliance: Administer files from approval through funding, track SBA guarantees and fees, and coordinate with legal counsel and title companie
- Strong negotiation skills coupled with excellent customer service abilities to foster trust and long-term client relationships.
- Proficiency with financial software, accounting software, Mortgage Servicing systems, and Loan Origination Systems (LOS).
- Solid understanding of the sba lending, underwriting processes, credit analysis, and industry-specific regulations such as TILA and Fair Housing laws.
- Basic math skills including 10-key typing proficiency for accurate data entry and calculations.
- Knowledge of SBA guidelines, mortgage services, and compliance with loan regulations is highly desirable.
- Ability to analyze risk in commercial lending scenarios involving risk assessment and credit evaluation.
- Effective communication skills for client interaction and relationship building in a fast-paced environment.
Compensation: $70,000 - $75,000 per year
Benefits:
- 403(b)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Experience: small business or sba Lending: 2 years minimum
Work Location: Utica or Syracuse
Pay: $70,000.00 - $75,000.00 per year
Benefits:
- 401(k)
- 403(b)
- Dental insurance
- Flexible schedule
- Health insurance
- Vision insurance
- Work from home
Work Location: Remote
Salary : $70,000 - $75,000