Loan Officer

Loan Officer

The Ohio Department of Development's Minority Business Development Division is looking for a Loan Officer to help expand and grow Ohio's minority business economy.

What you'll do:

• Assist in administering multiple loan and incentive programs, including Minority Business Direct Loan, Collateral Enhancement, Ohio Micro Loan, Women's Business Enterprise Loan, and CDFI Loan Participation programs.
• Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria.
• Prepare d etailed loan package write - ups, including financial and market analysis, and present requests to the Minority Development Financing Advisory Board.
• Prepare loan documentation for Controlling Board review and manage applicant correspondence related to awards and disbursement of funds.
• Perform credit analysis, including reviewing financial statements, tax compliance, job creation verification, loan covenants, and payment histories.
• Connect minority, small, and disadvantaged businesses across Ohio with relevant financial and developmental resources.

At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees*. For a list of all the State of Ohio Benefits, visit our Total Rewards website ! Our benefits package includes:

• Medical Coverage
• Free Dental, Vision and Basic Life Insurance premiums after completion of eligibility period
• Paid time off, including vacation, personal, sick leave and 11 paid holidays per year
• Childbirth, Adoption, and Foster Care leave
• Education and Development Opportunities (Employee Development Funds, Public Service Loan Forgiveness, and more)
• Public Retirement Systems ( such as OPERS, STRS, SERS, and HPRS ) & Optional Deferred Compensation ( Ohio Deferred Compensation )

*Benefits eligibility is dependent on a number of factors. The Agency Contact listed above will be able to provide specific benefits information for this position.

Qualifications

Minimum Qualifications:

• Working knowledge of business lending programs and commercial lending.
• Previous experience working in a bank, credit union, Community Development Financial Institution or other economic development business lending organization performing business credit and debit service analysis required.
• Bachelor's degree in finance or accounting OR bachelor's degree in another area + previous work experience in finance, accounting or commercial lending preferred.
• Economic development/business development experience helpful.
• Excellent written, verbal and interpersonal communication skills as well as analytical and prioritization skills.
• Proficiency in using MS Suite.