Craft3 is a non-profit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. We do this by providing loans and assistance to entrepreneurs, non-profits, individuals and others, including those who don’t normally have access to financing. We then complement these financial resources with our expertise, personal connections and other advocacy for our clients. Learn more at www.craft3.org and www.craft3.org/videos
The Business Lender position is responsible for generating and underwriting new mission based business loans and servicing a loan portfolio that meets Craft3’s mission, financial and risk goals. The primary focus of lending targets small and medium businesses (not micro) in the Pacific Northwest, specifically those owned by minority, woman, veteran, and immigrant entrepreneurs and those located in low to moderate income/redevelopment areas.
ESSENTIAL DUTIES AND RESPONSIBILITIES include some or all of the following and are not intended to be all-inclusive. Craft3 reserves the right to change, add or delete responsibilities and duties as seen fit. An employee's specific job duties, priorities and performance expectations are detailed in his/her individual performance plan.
Actively prospects for strategic business loan opportunities from multiple sources. Works with Craft3 Marketing professional to coordinate strategy and support.
Determines the level of complexity, mission and strategy fit, and prospect’s readiness to borrow. Underwrites loans in accordance with policy or works cooperatively with assigned Underwriter to prepare detailed risk analysis of borrowers' repayment ability including financial and industry analysis of the borrowers' businesses, presents and defends loan proposals to loan committee based on effective critical thinking.
Provides informal consulting to clients regarding business plans, projections and business practices. Knows and refers to effective Technical Assistance providers who will help prospects with basic pre-application work such as business plan review and feedback.
Monitors outstanding borrowers for conformance with loan conditions, progress in meeting business goals, and overall business performance. Reports all emerging problem loans to management when weaknesses are detected.
Manages portfolio risk in accordance with industry and organization standards and directives of the Credit Risk Manager.
Participates in loan collections and enforcement actions when necessary. May specialize in a specific loan product or targeted market sectors.
Participates fully with all members of the Craft3 team. Effectively uses technology tools to perform required duties.
Contributes to the body of knowledge, sharing best practices and suggesting process improvement ideas.
Support the organization's All Team Performance Standards: Ownership, Respect and Flexibility.
Demonstrate stewardship for the Craft3 Brand.
Limited approval authority to be determined. Full voting participation on Staff Loan Committee approvals, assigned to individuals in peer group, on a rotating basis.
Interact with a portfolio of clients and outstanding loans. This portfolio will include loan relationships initiated by the lender and also other relationships that are originated by other lenders.
Insure required financial information is submitted timely by the borrower
Complete analysis of borrower data, and draws a conclusion if there is a change in the level of risk associated with the borrower.
Develops and manages referral network maintaining Craft3 brand in the marketplace with quality mission fit transactions to meet lender goals.
POSITION SCOPE - Direct Reports -- None
POSITION SCOPE - Indirect Reports -- None
PEER POSITIONS -- Other lenders
POSITION SCOPE – Financial Impact - Position is essential to ensuring loan compliance and payment performance on the part of all Craft3 borrowers.
A minimum of three years previous commercial banking, community development lending, financial, or similar experiences required. Previous successful business ownership highly desired. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
TYPICAL PROBLEM SOLVING
Applies common sense understanding to carry out detailed and complicated written or oral instructions. Deals with problems involving many variables in sometimes difficult and stressful situations. Examples include: resolving staff conflicts, dealing with sometimes irate and impatient individuals, and managing many simultaneous high priority projects and user requests.
MINIMUM EDUCATION REQUIREMENTS AND WORK REQUIREMENTS
Bachelor's degree or relevant experience required. Five years of significant coursework in accounting, finance or economics required.
OTHER SKILLS AND ABILITIES
Fluency in a second language is desirable. Able to deal with frequent change, delays, or unexpected events; Attention to detail, ability to balance multiple work assignments; organized work habits; ability to work independently. Proficiency with major software programs: e.g. Contact Management Systems, MS Office Suite.
CERTIFICATES, LICENSES, REGISTRATIONS
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually low to moderate as found in typical office environments.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee frequently is required to walk. The employee is occasionally required to stand and reach with hands and arms. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision. Some travel to company events and branch offices will be required.
A level of travel is to be expected with job responsibilities covering a geographic area that includes the States of Oregon and Washington.
Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.
Additional Salary Information: Craft3 will offer a competitive salary based on experience and skills, as well as an excellent benefits package including medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, and 403B Retirement savings plan with employer match.
Craft3 is a non-profit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. We do this by providing loans and assistance to entrepreneurs, non-profits, individuals and others, including those who don’t normally have access to financing. We then complement these financial resources with our expertise, personal connections and other advocacy for our clients. Learn more at www.craft3.org.