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Careers

Job Opportunities at RVCDF


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: info@rvcdf.org

Loan Portfolio Administrator

Reports to:
Executive Director
Date:
Friday, December 1 2017

Summary

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.


Duties and Responsibilities

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


Qualifications

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


Educations and Experience

High school diploma, GEC or equivalent; four year Bachelor’s degree preferred

Minimum five years’ experience in loan administration as described in above duties


Skills

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




Apply Now

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.