Lending Officer jobs in Boston, MA
Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Lending Officer jobs
Lending and Outreach Officer
- Dorchester Bay Economic Development Corporation
-
Dorchester, MA
FULL_TIME
-
The Organization and its Programs
DBEDC acts to build a strong, thriving and diverse community in Boston’s Dorchester neighborhoods. We develop, preserve and sustain affordable housing for rent and for ownership. We create commercial and economic development opportunities. We build community through community organizing and civic engagement activities. We are focused on the concepts of equitable development without displacement and providing opportunities for economic mobility.
Since our founding in 1979, DBEDC has developed and preserved over 1100 units of rental and homeownership housing and 200,000 square feet of commercial space. We have created around 1,000 jobs and involved more than 1,500 young people in after school leadership development and organizing activities. We are one of Boston’s oldest and most established community development organizations with an annual operating budget of almost $5 million, a staff of just under 30, and $44 million in assets.
About the Role
Reporting to the Director of Small Business, the entrepreneurial Lending and Outreach Officer will engage in business development efforts aimed at growing our loan portfolio and work on reaching underserved corners of Boston’s credit markets is central to the role. The Lending and Outreach Officer will promote Dorchester Bay’s products and services, cultivate relationships to generate leads, and provide a first-rate client experience including intake, loan packaging, performing financial analyses and providing credit recommendations based on Dorchester Bay’s underwriting criteria, presenting a final recommendation to the CEO and Loan Committee, and supporting clients through closing.
What you can expect to do in the role:- Promote Dorchester Bay loan products to small business prospects, community lenders, community partners, and financial institutions;
- Cultivate relationships with community partners, civic organizations, financial institutions, small business lenders, trade organizations, businesses, and education centers, to generate new partnerships for volume and quality client referrals;
- Work directly with Dorchester Bay technical assistance staff and Boston-based community partners in supporting entrepreneurs, startup and growing businesses to assist clients with the development of business plans, financial cash flow projections, sales/pricing, and market analysis;
- Conduct outreach in Dorchester Bay’s footprint—with an initial focus on Dorchester, Roxbury, and Mattapan—through in-person meetings and presentations and by using digital tools to reach Dorchester Bay’s key markets;
- Represent Dorchester Bay at business and industry events.
- Pre-screen, compile, structure, and analyze loan applications for eligibility, credit worthiness and repayment ability using established credit guidelines.
- Ensure that proper due diligence has been performed at every step of the process, including financial analysis, collateral analysis, or any other special circumstances.
- Present loan analysis of all pertinent information to the CEO and Credit Committee, including recommendations for approval/denial.
- Guide clients through the loan process. Prepare loan documents and complete loan closings.
- Monitor market trends and opportunities.
- Enter data into CRM and work across teams to understand trends and adjust outreach strategies for improved lead quality.
- Assist with the development and implementation of products, services, and special initiatives within Dorchester Bay’s service area.
Qualifications – You’ll do well in this role if you:- Want to work at an organization that is committed to racial equity and serves a diverse community predominantly of color.
- Are people and community-focused and have the ability to engage people from a wide array of backgrounds.
- Have an understanding of and demonstrated commitment to racial equity.
- Be energized and motivated to assist entrepreneurs and small business owners with emphasis in serving challenged and under-resourced small businesses represented by minority, immigrants, and women owned clientele in Dorchester Bay’s target communities.
- Minimum of 3 years of previous lending experience is required. Other relevant business development or sales experience may be substituted for lending experience.
- Demonstrated understanding how to develop and read financial statements, ratios, cash flow, and forecasting.
- Organized and a goal-oriented thinker who can set clear priorities among multiple tasks and stay focused on project benchmarks and deadlines.
- Outstanding written and verbal communication skills (English language), with cultural competency to connect with a diverse audience.
- Strong presentation skills, both in-person and in the virtual environment.
- Strong customer service and relationship-building skills with an awareness of how to connect resources and increase referrals.
- Proficient with virtual office environment and tools including, but not limited to: Zoom, Microsoft Teams, Google Meets and comfortable entering and tracking data in CRMs.
- Working knowledge of MS Office Suite or similar software.
- Highly-motivated with an entrepreneurial spirit and strong ability to work independently, but can also be a positive contributor to team and organizational efforts.
- Demonstrates sound judgment and effective decision-making skills.
- Self-awareness with a flexible, growth-oriented mindset.
- The right fit would be someone intellectually ambitious and always holding themselves accountable to a high bar of performance.
- Can work occasional evening or weekend to support activities needed outside of regular business hours.
- Can work in physical environments (this is not a fully remote position).
It would be additionally phenomenal if you:- Knowledge of banking or small business experience a plus.
- Verbal and written fluency in Cape Verdean Kriolu, Haitian Creole, Spanish, or Vietnamese is highly desired
- Experience in mission-oriented or social impact lending financial analysis, deal structuring, and relationship and loan processing management are desirable.
- Experience with the CDFI industry highly preferred.
- Knowledge of Boston’s small business ecosystem is highly preferred.
- Knowledge of digital communication and social media tools a plus.
Total Compensation and Culture:
DBEDC’s total compensation package features an amazing set of benefits which we considered towards the overall compensation, including:- (5) Generous cost-sharing medical insurance packages for selection and no eligible waiting period.
- Employer paid Dental and Vision coverage
- Flexible Spending Account and Dependent Care Assistance program
- Short-Term Disability, Long-Term Disability, Life and Accident Death
- Commuter Benefits Program
- Employee Wellbeing On-Demand Services
- Perks at Work Program
- 3 personal days
- 3 weeks’ vacation to start
- 15 sick days
- 17 paid holidays
- 403 (b) plan with generous employer contribution
- Flexible hybrid work environment
- Don’t be discouraged from applying if you don’t “check all the boxes”. We appreciate the uniqueness of candidates and there is no “perfect’ resume!
- As part of our commitment to equity, DBEDC does not negotiate compensation offers, as research shows that salary negotiations disadvantage People of Color and women.
- 1 Month Ago
Commercial Term Lending Treasury Management Officer
- JPMC Candidate Experience page
-
Boston, MA
FULL_TIME
- Are you customer focused, enjoy building relationships and providing financial solutions to your clients? You have found the right team. As a Treasury Management Officer in Commercial Real Estate, yo...
- 16 Days Ago
Asset Based Lending Portfolio Management Officer II
- Bank of America
-
Boston, MA
FULL_TIME
- Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we...
- 4 Days Ago
VP - Commercial Real Estate Lending
- Commercial Real Estate Lending - Hingham Institution for Savings
-
Boston, MA
FULL_TIME
- Hingham Institution for Savings is a $3.6B closely-held bank, with a focus on specialty commercial and residential real estate lending. The Commercial Real Estate Group originates conventional, constr...
- 8 Days Ago
Deputy Director of Police Standards
- Peace Officer Standards and Training
-
Boston, MA
FULL_TIME
- Massachusetts Peace Officer Standards and Training Commission Job Posting Job Title: Deputy Director of Police Standards Reports to: Director of Police Standards OVERVIEW OF THE AGENCY AND THE POSITIO...
- Just Posted
Counsel
- Peace Officer Standards and Training
-
Boston, MA
FULL_TIME
- Massachusetts Peace Officer Standards and Training Commission Job Posting Job Title: Counsel Reports to: General Counsel OVERVIEW OF THE AGENCY AND THE POSITION The Massachusetts Peace Officer Standar...
- 1 Month Ago
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0 Lending Officer jobs found in Boston, MA area
ASSOCIATE ATTORNEY/PRIVATE EQUITY/DEBT FINANCE
- New England Legal Search
-
Boston, MA
- Premier Boston-based international firm seeks a highly qualified mid-level associate to join their Debt Finance group. S...
- 4/24/2024 12:00:00 AM
Director of Project Finance
- Consult Energy USA
-
Boston, MA
- Position Overview: As the Director of Project Finance at our esteemed Solar Development firm, you will play a pivotal ro...
- 4/24/2024 12:00:00 AM
Sales, CJDR Autos, $100,000 Plus Opportunity!
- Central CJDR of Norwood
-
Norwood, MA
- 56 Boston Providence Highway, Norwood, MA 02062 Automotive Sales Consultant Great Income Potential + Generous Benefits! ...
- 4/23/2024 12:00:00 AM
Credit Analyst I
- Enterprise Bank
-
Lowell, MA
- We are Hiring! Credit Analyst I - Lowell, MA Enterprise Bank, is a growing and successful commercial bank where your tal...
- 4/22/2024 12:00:00 AM
ASSOCIATE ATTORNEY/PRIVATE EQUITY/DEBT FINANCE
- New England Legal Search
-
Boston, MA
- Premier Boston-based international firm seeks a highly qualified mid-level associate to join their Debt Finance group. S...
- 4/22/2024 12:00:00 AM
Director of Project Finance
- Consult Energy Usa
-
Boston, MA
- Position Overview: As the Director of Project Finance at our esteemed Solar Development firm, you will play a pivotal ro...
- 4/22/2024 12:00:00 AM
Personal Banker - Assembly Row
- Cambridge Savings Bank
-
Somerville, MA
- POSITION:PERSONAL BANKER - ASSEMBLY ROW Summary: At Cambridge Savings Bank, our purpose is to have a positive impact on ...
- 4/21/2024 12:00:00 AM
Securities Lending Associate - 10pm - 7am
- Eseclending
-
Boston, MA
- COMPANY: eSecLending is a global securities lending manager and a leading provider and administrator of customized secur...
- 4/21/2024 12:00:00 AM
About Boston, Massachusetts
Boston has an area of 89.63 square miles (232.1 km2)—48.4 square miles (125.4 km2) (54%) of land and 41.2 square miles (106.7 km2) (46%) of water. The city's official elevation, as measured at Logan International Airport, is 19 ft (5.8 m) above sea level. The highest point in Boston is Bellevue Hill at 330 feet (100 m) above sea level, and the lowest point is at sea level. Situated onshore of the Atlantic Ocean, Boston is the only state capital in the contiguous United States with an oceanic shoreline.
Boston is surrounded by the "Greater Boston" region and is contiguously bordered by the citi...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Lending Officer jobs
$54,133 to $71,692
Boston, Massachusetts area prices
were up 2.5% from a year ago
were up 2.5% from a year ago
What does a Lending Officer do?
Lending Officer in Gainesville, FL
When a client’s profile doesn’t fit the bank’s requirements, Loan Officers are the ones who inform Managers.
December 16, 2019
Lending Officer in Paramus, NJ
Sometimes, even if some aspects of the business are going well, a client will struggle to repay the loan.
October 30, 2019
Lending Officer in Charleston, SC
Managers are also expected to lead and direct loan officers, developing their skills.
February 18, 2020