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Loan Administration Specialist

Loan Administration Specialist

Reports to CEED Lending Manager | Full-Time Position


Serves as primary contact with loan applicants and coordinates loan process

Job Responsibilities:

  • Evaluate the creditworthiness of borrowers and determine the ability to repay.
  • Evaluate customer records and recommend payment plans based on earnings, savings, payment history, etc.
  • Compiles and prepares loan applications for submission to loan officer/underwriter.
    Interface with Loan Officer/underwriter for any additional documents or information
    needed from the customer.
  • Examine business financial statements and credit history case by case (applications,
    statements, balance sheets, legal documents etc.)
  • Complete ratios, trends, and cash flow analysis and create projections for loan review
  • Reviews all applications and closing documentation for completion and compliance with
  • EDA regulations. Analyzes financial spreadsheets and performs financial analysis associated with application processing including debt service requirements and cash flow coverage.
  • Reviews semi-annual financial statements from clients and forwards documents requiring actions to Loan Officer/Finance Officer.
  • Answer questions from customers and various professionals regarding all aspects of the loan application.
  • Facilitates the coordination of the project documentation flow, assuring that deadlines are met, filings complete and customers satisfied.
  • Prepares loan packages for closing by Loan Officer and review loan package documents.
  • Schedule loan committee, notify committee members, distribute files for discussion.
  • Monitors and implements regulation changes via bulletins from EDA.
  • Complete any required loan filings after loan closing (UCC, Mortgage, vehicle title, etc).
  • Release any liens per guidelines after loan payoff.
  • Reviews semi-annual financial statements from clients and forwards documents requiring action to the Loan Officer.
  • Conducts annual client site visits as required.
  • Works with CEED Lending Program Manager and program manager to prepare the biannual EDA report.
  • Alert loan officer of portfolio makeup irregularities per EDA/CDFI guidelines.
  • Travels to various locations to attend training and seminars to remain current on program changes.

Other Responsibilities:

  • Attend regular staff meetings
  • Attend and assist with Great Lakes WBC signature events
  • Other responsibilities as assigned

Desired Skills:

  • Possess a bachelor’s degree from an accredited college or university with a major in Public Administration, Business Administration, Economics, Accounting, Finance, or related area;
  • Have had two (2) years of full-time work experience in financial analysis, business
    administration, general accounting, cost accounting or a closely related area or three (3) years of small business/commercial underwriting experience.
  • Previous experience working with small business owners, entrepreneurs, community
    lending; sensitivity to the challenges of small business owners preferred.
  • Must be able to perform virtually as well as in office.

Application Process

Submit resume to Kelly Hill at No phone calls will be accepted regarding this job posting