What are the responsibilities and job description for the Commercial Loan Officer position at Vibrant Pittsburgh?
Finance & Banking
900 State Street, Erie, PA - Onsite
About Bridgeway Capital
Bridgeway Capital is a social impact investor that focuses on equitable economic growth in underserved areas by providing impact-driven loans and business education programs to grow businesses and revitalize places. As a nonprofit alternative to banks, Bridgeway lends to small businesses, nonprofits, and real estate projects that have a positive community impact. More than a lender, Bridgeway is a partner for business growth that prepares entrepreneurs to be capital ready and builds their capacity through business assistance programs. Bridgeway is a nonprofit and Community Development Financial Institution (CDFI) certified by the U.S. Treasury Department.
Bridgeway serves western Pennsylvania and limited areas of eastern Ohio and northern West Virginia from its headquarters in downtown Pittsburgh and satellite offices in Erie, PA, Uniontown, PA, and Warren, OH. For more information, visit www.bridgewaycapital.org
Job Summary
Bridgeway Capital is seeking a Commercial Loan Officer based in Erie, Pennsylvania to originate commercial loans and affordable housing real estate loans and loans to nonprofit organizations in underserved communities throughout northwestern Pennsylvania.
Job Responsibilities
Competitive salary commensurate with experience. Comprehensive benefit package includes health, dental, vision, life and disability insurance, retirement plan and flexible spending accounts
Bridgeway Capital is an Equal Opportunity Employer.
To Apply
Please send cover letter and resume to Shawn Thomas Director of Lending
Phone: 412.201.2450; Email: sthomas@bridgewaycapital.org
Job Specifications & Americans with Disability Specifications
The person in this position needs to regularly sit, utilize manual dexterity and repetitive finger motion, speak, hear and see with close vision. Individuals must occasionally lift up to twenty-five pounds, push or pull, reach or stretch, and utilize distance vision, color discrimination, peripheral vision, depth perception, and focusing ability. This position is primarily performed in an office environment with occasional exposure to outdoor weather conditions. Occasional driving throughout western Pennsylvania is required, and candidates are expected to have a valid driver’s license and easy and regular access to a car.
This job description is not all inclusive, and it is not intended to create nor be construed as an express or implied contract of employment. Bridgeway Capital reserves the right to interpret, amend, or terminate any job description, plan, policy, program, procedure, practice, or benefit at any time at its sole discretion
Bridgeway Capital is an Equal Opportunity Employer. Bridgeway is dedicated to building a culturally diverse staff that is committed to working in a multicultural environment. Bridgeway values equality of opportunity, human dignity, and racial/ethnic and cultural diversity. Bridgeway does not discriminate against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, veteran status, ancestry, or national or ethnic origin in the administration of its employment policies, programs, and activities.
Equal Opportunity Lender, Provider, and Employer TTY/TDD 800,654,598
To apply for this job please visit www.bridgewaycapital.org.
900 State Street, Erie, PA - Onsite
- Employment Type: Full-time
- Experience: Intermediate (3-5 years)
About Bridgeway Capital
Bridgeway Capital is a social impact investor that focuses on equitable economic growth in underserved areas by providing impact-driven loans and business education programs to grow businesses and revitalize places. As a nonprofit alternative to banks, Bridgeway lends to small businesses, nonprofits, and real estate projects that have a positive community impact. More than a lender, Bridgeway is a partner for business growth that prepares entrepreneurs to be capital ready and builds their capacity through business assistance programs. Bridgeway is a nonprofit and Community Development Financial Institution (CDFI) certified by the U.S. Treasury Department.
Bridgeway serves western Pennsylvania and limited areas of eastern Ohio and northern West Virginia from its headquarters in downtown Pittsburgh and satellite offices in Erie, PA, Uniontown, PA, and Warren, OH. For more information, visit www.bridgewaycapital.org
Job Summary
Bridgeway Capital is seeking a Commercial Loan Officer based in Erie, Pennsylvania to originate commercial loans and affordable housing real estate loans and loans to nonprofit organizations in underserved communities throughout northwestern Pennsylvania.
Job Responsibilities
- Originate commercial real estate and community development loans that meet eligibility specifications and credit standards, while reaching assigned loan volume goals
- Calls on real estate developers; networks through industry sources such as professional organizations, title companies, attorneys, accountants, centers of influence, and realtors to develop leads; utilizes strong interpersonal skills to maximize business contacts and develops relationships with current/potential loan customers, management, and staff
- Strong knowledge of the real estate development process, funding and financing options for affordable housing and community facility development
- Evaluate potential loans, including credit and cash flow analysis, and prepare loan presentations for approval. Work with other Bridgeway team members to underwrite and close loans.
- Manage a portfolio of loans, including assisting with credit reviews and exploring new lending opportunities from existing clients
- Serves as Bridgeway Capital’s liaison to the region by attending economic development events, meeting with key partners/funders in Erie and surrounding areas, and networking with banking partners and regional businesses
- Manages service relationships with appraisers and venders as required
- Other duties as required
- Experience in commercial real estate transactions required
- Experience with affordable housing finance and non-profit development is a plus
- Tax credit financing (NMTC, HTC, LIHTC) a plus
- Experience in commercial lending is required
- Proficiency in writing skills and verbal communication skills are required
- Proficiency in MS Office [Outlook, Excel, and Word] is required
- Education: Bachelor’s degree in finance, business administration, or similar field is required.
- Lender should have 3 years of experience in Commercial Lending
- Existing professional network of business connections in the northwestern Pennsylvania region
- Capacity to work independently and motivation to achieve goals with minimal supervision
- Ability to participate productively as part of a team
- Commitment to the work of nonprofit organizations and making a positive impact in the community
Competitive salary commensurate with experience. Comprehensive benefit package includes health, dental, vision, life and disability insurance, retirement plan and flexible spending accounts
Bridgeway Capital is an Equal Opportunity Employer.
To Apply
Please send cover letter and resume to Shawn Thomas Director of Lending
Phone: 412.201.2450; Email: sthomas@bridgewaycapital.org
Job Specifications & Americans with Disability Specifications
The person in this position needs to regularly sit, utilize manual dexterity and repetitive finger motion, speak, hear and see with close vision. Individuals must occasionally lift up to twenty-five pounds, push or pull, reach or stretch, and utilize distance vision, color discrimination, peripheral vision, depth perception, and focusing ability. This position is primarily performed in an office environment with occasional exposure to outdoor weather conditions. Occasional driving throughout western Pennsylvania is required, and candidates are expected to have a valid driver’s license and easy and regular access to a car.
This job description is not all inclusive, and it is not intended to create nor be construed as an express or implied contract of employment. Bridgeway Capital reserves the right to interpret, amend, or terminate any job description, plan, policy, program, procedure, practice, or benefit at any time at its sole discretion
Bridgeway Capital is an Equal Opportunity Employer. Bridgeway is dedicated to building a culturally diverse staff that is committed to working in a multicultural environment. Bridgeway values equality of opportunity, human dignity, and racial/ethnic and cultural diversity. Bridgeway does not discriminate against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, veteran status, ancestry, or national or ethnic origin in the administration of its employment policies, programs, and activities.
Equal Opportunity Lender, Provider, and Employer TTY/TDD 800,654,598
To apply for this job please visit www.bridgewaycapital.org.