JR. LOANS OFFICER
Job Type: Permanent,
Full-time Salary: $50,000 - $60,000 per year
Location: Sudbury, Ontario
Number of Openings for this position: 1
Schedule: Monday to Friday (35 hours per week, some evenings and weekends may be required)
Benefits:
• Extended health care
• Dental care
• Vision care
• Life insurance
• Disability insurance
JOB DESCRIPTION
Business Investment Functions
• Interview SME clients and review business plans to determine the financial needs of business applicants
• Prepare a complete application for credit using NBFDC’s standard business application and undertake a thorough credit investigation and risk assessment of the applicant
• Prepare loan recommendations (including amounts, rates of interest, security and covenants) for review by the Executive Director
• Present and support recommendations to the Investment Committee
• Prepare Offers to Finance, fee payment schedules and relevant follow-up instructions for solicitor(s)
• Ensure the collection and administration of investment accounts, reporting any exceptions to the Executive Director
• Assist the Executive Director in compiling monthly progress and activity reports for the Board of Directors
• Complete post-annual reviews and renewals of authorized credits by reviewing yearend financial statements and discussing progress with clients
• Follow-up with clients to determine on-going support and potential referrals
• Maintain and update client files and account records
Business Counselling & Support
• Provide technical assistance and support to clients in preparing quality business plans
• Discuss financing options and business development strategies with clients
• Work with other business development officials in the community and develop referral network
• Foster collaborative and supportive relationships with clients who approach NBFDC
Marketing & Promotion
• Organize and deliver presentations of NBFDC’s financial assistance program on a regular basis to referral sources including: banking sector, legal firms, accounting firms and other community groups
• Maintain close relationships and liaise with officials from local businesses, lending institutions, economic development organizations and governmental bodies
• Under the direction of the Executive Director, oversee the implementation of Marketing and Communications strategies/priorities on an annual basis
• Establish partnerships with other relevant business and economic development organizations to stimulate business development and create employment opportunities
• Increase referral base and loan volume for the Corporation through coordinated outreach, attending community meetings and participating in public education initiatives
• Attend any special seminars, conferences or meetings that will provide value in achieving the goals of the Corporation
POSITION QUALIFICATIONS
The minimum requirements for this position are:
• Successful completion of College Diploma / University Degree in a relevant business discipline
• Certificate in the completion of a loan or credit training program is an asset
• Knowledge of accounting practices and financial analysis skills
• Demonstrated ability in assessing business plans
• Experience in designing and implementing marketing campaigns/strategies
• Ability to communicate in both official languages is an asset
Informal Requirements:
• Strong organizational skills and ability to work independently with minimal supervision
• Ability to work with a volunteer Board of Directors
• Solid interpersonal skills and ability to work effectively as part of a team
• Strong interviewing skills and risk assessment skills
• Excellent verbal and written communication skills with a keen eye for detail
• Valid driver’s license, access to a personal vehicle and willingness to travel within the catchment area
OTHER DETAILS
Working Conditions: Office environment. Extended periods of sitting at a desk, using a computer, telephone, etc. Occasional travel may be required.
Proficiency Period: This position will have a probationary period of 6 months. The foregoing description reflects the general duties necessary to describe the principal functions of the job identified and shall not be construed to be all the work requirements that may be inherent in this position.