Loan Officer
Position Summary:The Intersect Fund is seeking a qualified Microfinance Loan Officer that will work independently to perform outside sales, build excellent customer relationships and generate qualified loan applications to meet or exceed monthly sales quotas for business loans up to $25,000. Qualified candidates will have demonstrated the ability for sales to small business, covering a geographic territory, establishing a presence within a community to generate referrals, and sourcing leads that meet The Intersect Fund’s lending criteria and mission. The Intersect Fund’s target market is focused on informal cash‐based businesses with no credit and limited documentation who are unable to obtain business financing elsewhere.This position reports to the Vice President of the Lending Team and works closely with the lending team to meet loan and portfolio management metrics and team objectives related to impact, portfolio quality, and strong team dynamic.Key Responsibilities:Work independently in the field in target neighborhoods to build alliances and referral base among small businesses, business associations, community partners and participating in community eventsMeet with small businesses at their place of business to generate qualified loan applications that meet lending criteria and The Intersect Fund’s missionEfficiently process complete application packages, including screening packages against product guidelines and required documents, entering and processing loans in system, gathering all required documents, and closing out applications (approvals or declines) within target timeframeProvide technical assistance to business owners after a review of loan application, tax returns, bank statements, references, credit report, employment and income verification, and collateralMake decisive loan recommendations and clearly articulate and make a compelling case for loan decision to appropriate approval authoritiesMonitor and collect on portfolio of loans within defined territory, including visiting clients regularlyProvide excellent customer service and fast turn‐around time to build client trust and The Intersect Fund’s brand and reputation
Title: Loan Officer
Salary: 40000-50000
Description: Position Summary:The Intersect Fund is seeking a qualified Microfinance Loan Officer that will work independently to perform outside sales, build excellent customer relationships and generate qualified loan applications to meet or exceed monthly sales quotas for business loans up to $25,000. Qualified candidates will have demonstrated the ability for sales to small business, covering a geographic territory, establishing a presence within a community to generate referrals, and sourcing leads that meet The Intersect Fund’s lending criteria and mission. The Intersect Fund’s target market is focused on informal cash‐based businesses with no credit and limited documentation who are unable to obtain business financing elsewhere.This position reports to the Vice President of the Lending Team and works closely with the lending team to meet loan and portfolio management metrics and team objectives related to impact, portfolio quality, and strong team dynamic.Key Responsibilities:Work independently in the field in target neighborhoods to build alliances and referral base among small businesses, business associations, community partners and participating in community eventsMeet with small businesses at their place of business to generate qualified loan applications that meet lending criteria and The Intersect Fund’s missionEfficiently process complete application packages, including screening packages against product guidelines and required documents, entering and processing loans in system, gathering all required documents, and closing out applications (approvals or declines) within target timeframeProvide technical assistance to business owners after a review of loan application, tax returns, bank statements, references, credit report, employment and income verification, and collateralMake decisive loan recommendations and clearly articulate and make a compelling case for loan decision to appropriate approval authoritiesMonitor and collect on portfolio of loans within defined territory, including visiting clients regularlyProvide excellent customer service and fast turn‐around time to build client trust and The Intersect Fund’s brand and reputation
Requirements: Not Applicable experience, Unspecified education
Fraudulent: No