| Opportunity: VCC is currently seeking a Senior Real Estate Loan Officer to support our Real Estate Lending Team. VCC serves a wide range of for-profit and non-profit developers and businesses in the creation and preservation of quality housing, the development of community and medical facilities, the redevelopment of mixed use property and the expansion of employment through small business lending – all of which strengthen the neighborhood fabric and provide services that increase opportunities for individuals and communities. VCC is unique in its range of expertise and disciplined approach to financing. A career at VCC is a chance to use your skills, further your knowledge and contribute to communities throughout the Commonwealth. |
Job Description: The Senior Loan Officer is responsible for developing and maintaining strong relationships with borrowers and managing our relationships with participants in the broader housing industry. This position provides management oversight to 5 lenders and handles some accounts directly. The Senior Loan Officer is responsible for business development, credit analysis, underwriting, and proper loan structuring within the parameters of existing lending programs. Management experience is required.
Essential Duties and Responsibilities: Business Development • Identify opportunities for new business in existing portfolio, from referrals, and through proactive marketing efforts • Be a thought leader in the affordable housing industry and maintain an active network of industry participants • Conduct proactive outreach calling in assigned territory, participate with team members in industry trade shows, attend planning and economic development meetings, and proactively call on community and economic development officials • Assist in development of marketing tools, loan products, process reviews, etc. as required • Represent VCC in various public settings • Lead the Real Estate marketing initiative for VCC Loan Production • Assist borrowers with loan applications; assess adequacy of information provided; provide feedback to borrower and Manager • Structure Loan Transactions - fit borrower needs in tandem with VCC program guidelines; make pricing and loan structuring recommendations • Financial Analysis - author concise summaries of borrower’s financial condition including trend analysis; comparison to peers/industry; analyze composition and percentages, and quality of financial documents’ preparation; review budgets, operating statements, cash flows, and all project pro formas and sources and uses statements • Credit Analysis – author credit memos including both analytical and descriptive writing; assess risks of transactions’ strengths and weaknesses, make recommendations and present to loan committee for approval • Attendance and participation at loan committee required Loan Closing & Monitoring • Close $60,000,000 in new Real Estate loans on an annual basis with the help of the other real estate lenders • Negotiate loan’s financial, business and legal terms • Prepare loan commitment letters • Coordinate loan closing and loan servicing needs of borrower with Loan Closer • If appropriate, approve construction draws reviewed and recommended by Portfolio Manager • Monitor assigned loan portfolio and maintain relationships with current borrowers, underwriting and closing additional loans as requested by borrowers and soliciting repeat business • Assure timely loan closing and funding activities