Rainier Valley Community Development Fund supports a diverse environment and is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, religion, gender, gender identity or expression, sexual orientation, age, national origin, ancestry, citizenship, disability, veteran status or any factor prohibited by federal, state and local laws.
For all job considerations, please submit a cover letter and resume to: firstname.lastname@example.org
Rainier Valley Community Development Fund (“CDF”), a $26 million, community-controlled loan fund, seeks an experienced loan portfolio administrator (“LPA”) to document, board, and monitor loans which Program Officers originate and are approved by the CDF Loan Committee and the Board of Directors. Position reports to the Executive Director.
Loan sizes range from $25,000 to over $1.5 million. Work environment is a small office with staff working closely as a team; the office is located in a dynamic, highly diverse neighborhood in SE Seattle, one block from the Othello light rail station.
Work environment is a small office with staff working closely as a team; the office is located in a dynamic, highly diverse neighborhood in SE Seattle, with one block from the Othello light rail station.
Maintain a thorough knowledge and understanding of RVCDF policies, procedures, guidelines, and philosophies
Attend all loan committee and board meetings, documenting discussions and votes for inclusion in loan committee minutes prepared by the LPA
Prepare and assemble new and modified loan documents including secured and unsecured loans, commitments, lines of credit, and commercial real estate loans
Utilize LaserPro loan documentation software to prepare loan documents
Review attorney prepared documents prior to loan closing to ensure loan stipulations on the loan approval and credit memorandum are met
Work with loan officers, borrowers, title companies, and/or attorneys in closing and funding of loans
Review title policies to ensure accurate legal description, loan amount, and acceptable exceptions
Enter and maintain loans within the loan servicing system, DownHome Loan Manager
Prepare loan funding requests with supporting documentation for approval and processing
Provide high level of service to lenders and RVCDF staff, while maintaining accurate and complete loan documentation on all financial products underwritten and approved
Work with loans officers to ensure compliance to general commercial banking and regulatory policies and procedures, as well as state and federal laws governing responsibility area of lending
Collect interim and annual financial statements in accordance with loan terms and prepare brief spreadsheet analyses
Monitor timely receipt of insurance policies and certificates
For loans with real property as collateral, monitor timely payment of real estate taxes
Review monthly portfolio reports for discrepancies, track delinquencies and monitor loan maturities
Assist loan officers to follow up on any delinquencies or payments rejected for nonsufficient funds
Maintain constructive and positive working relationships with applicants, borrowers/beneficiaries, and the community
Perform other duties, tasks and special projects, as assigned
Experience in small business loan documentation
Working knowledge of lending and real estate title terminology, legal documentation, and UCC filings
Experience in loan accounting and loan servicing, including the ability to calculation loan amortization components
Knowledge of loan documentation software, preferably LaserPro
Ability to function in a multifaceted work environment, set appropriate priorities, and deal effectively with numerous simultaneous requirements
Competent computer technology skills including Microsoft Office (Outlook, Word, Excel and PowerPoint) and CRM software
Possess an exceptional attention to detail in administering loan documents and supporting loan package
Ability to handle daily tasks with minimal supervision
Innovation and creativity in the form of continuous improvement of internal processes
Ability to perform under pressure and meet deadlines
High school diploma, GEC or equivalent; four year Bachelor’s degree preferred
Minimum five years’ experience in loan administration as described in above duties
Ability to read, interpret and respond professionally to client correspondence; write reports to management
Ability to speak effectively and clearly in response to staff/board requests and client/community inquiries
Ability to provide excellent customer service and communicate effectively with borrowers, community groups, borrowers, management and board of directors; sensitivity in dealing with multi-cultural persons is critical as many of our clients are people of color and non-native English speakers
Fluency in a language other than English is a plus
If your business or residence is located in southeast Seattle and your company has been in business for at least one year, Rainier Valley Community Development Fund will work with you on your specific financing needs. Take a few minutes to complete a loan inquiry now.