Consumer Loan Collection/Recovery Manager jobs in Providence, RI

Background: Since its inception in 1980 as an independent non-profit corporation, the PRF has been at the forefront of preserving the rich heritage and cultural significance of historic buildings and sites. Our mission transcends the preservation of brick and mortar, touching the very lives of the people in our communities. Our approach is inclusive and dynamic, targeting investment in neighborhoods that are home to a diverse population, including People of Color and low-income residents. We recognize the vital role small businesses play in the vitality of these neighborhoods, and thus, our support extends beyond home improvement and residential revitalization to include the nurturing of local and regional enterprises. By empowering small businesses and developers, we contribute to the economic health and sustainability of the communities we serve.

Position Summary:

Under the direction of the Executive Director, theSmall Business Loan Program Manageris responsible for developing new business, underwriting, structuring, and closing of small/microbusiness loans, as well as maintaining and servicing a small/microbusiness loan portfolio. The ideal candidate will have a knowledge of business lending and other development finance tools, along with a desire to put that experience to work in a situation where the goal is making a difference by leveraging varying products and strategies to meet the needs of the target communities. An ideal candidate will have the required skills and knowledge and will enjoy building relationships and engaging with people from widely varied backgrounds; is passionate about social justice, whole community health, financially stable businesses and is able to work efficiently and enthusiastically on their own and in a collaborative team setting.

Responsibilities:

• Assist potential borrowers in completing application materials.
• Review requests for program fit, need and eligibility; identify and propose funding recommendations as appropriate to client needs, including PRF programs, non-profit and governmental partners, and traditional commercial funding sources.
• Analyze potential borrower’s application historical and projected operating results, credit, collateral, and ability to repay proposed debt.
• Present loan packages to loan committee for approval.
• Assist in gathering of follow-up information and documents for closing of approved loans.
• Conduct post-loan technical assistance with borrowers; gather periodic business information for review and reporting purposes.
• Assist in work-out and collection activities when necessary.

Professional Qualifications:

• 3 years relevant experience in small business development or financing; demonstrated experience working in the small business sector (e.g. business technical assistance provider, business owner, sales)
• Capacity to work cross-culturally to achieve understanding and results. Ability to establish and maintain trust readily with a diverse set of partners.
• A strong commitment to racial justice and an ability to apply racial justice lens to their work.
• Excellent oral and written communications skills.
• Competent computer skills including Microsoft Office programs (Excel, Word, and PowerPoint). Design skills a plus.
• Experience in direct underwriting and/or lending.
• Conversational Spanish required; multi-lingual preferred;

We are committed to celebrating all dimensions of diversity in the workplace equally and ensuring that everyone feels a sense of inclusion and belonging. We also aim to extend this commitment to the partners we work with and the communities we serve. We are constantly listening, learning, and evolving to deliver on these principles. We are proud of our collaborative culture. We particularly encourage applications from different under-represented demographics.

Job Type: Full-time

Pay: $62,000.00 - $70,000.00 per year

Benefits:

• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Professional development assistance
• Retirement plan

Compensation package:

• Bonus opportunities

Experience level:

• 3 years

Schedule:

• 8 hour shift

Ability to Relocate:

• Providence, RI 02903: Relocate before starting work (Required)

Work Location: In person