Loan​/Technical Assistance; TA) Specialist

Loan/Technical Assistance (TA) Specialist Classification:
Full-time, exempt

Reports to:

Executive Director, Thrive Community Lending Summary The  Loan/TA Specialist is responsible for oversight of effective provision of Technical Assistance (TA) to potential and current borrowers of Thrive Community Lending. This includes provision of TA via one-on-one guidance, business classes, and microenterprise coaches matched with borrowers. The Loan/TA Specialist also processes loan requests, coordinates the portfolio review processes, and maintains Thrive Community Lending’s loan portfolio in coordination with the organization’s annual and strategic program goals.

This position processes loan requests for underwriting and presentation to the ED, loan committee, and board (as needed) for approval; analyzes borrower and guarantor financial and organizational information; monitors the performance of loans and borrowers; coordinates modifications and refinances for current borrowers; stewards ongoing borrower relationships; follows up on lending inquiries and conducts due diligence with prospective borrowers; and evaluates lending opportunities to recommend for underwriting or refer to related resources.

Essential Functions Provide business consulting services/technical assistance to improve the financial capacity of prospective loan applicants and existing borrowers. Provision of TA services will be made one-on-one, in group sessions, and/or through volunteer microenterprise coaches assigned to refugee entrepreneurs.

Promote loan services and products and business services resources to prospective borrowers, community organizations, and other community partners.

Gather data necessary about clients and their businesses (or proposed businesses) to ensure that an informed decision is made regarding a loan application and the prospective borrower’s creditworthiness and probability of repayment.

Provide guidance to prospective borrowers on loan products and specific requirements associated with each loan product.

Compile and send “loan packet” to consulting underwriter for review and recommendation of approval or denial of loan application.

Consult Exec. Dir. and Loan Committee, if appropriate, to make final decision about loan applications and draft/send loan commitment letters to approved borrowers.

Determine closing dates, fees, and conditions in coordination with the Exec. Dir. and assist with loan closing functions, including preparation of loan documents.

Maintain accurate files of current borrowers.

Actively monitor borrower's financial and organizational health, recommend action and restructure loans when necessary while providing accompanying TA services to address challenges.

Work closely with borrowers with delinquent loan accounts to help them find a method of repayment in order to avoid defaulting on the loan and provide TA services to address delinquency.

Assist with impact data collection and reporting on borrowers.

Prepare internal and external reports as required for executive management and Board of Directors.

Support Executive Director on various projects and assignments.

Approximate weekly time breakdown:

Cultivating relationship with participants in keeping them on track with developing their business and repaying their loans as well as providing accompanying technical assistance – 24 hours per week Underwriting and lending process management – 6 hours per week Portfolio management, loan monitoring, review, and reporting – 10 hours per week Supervisory Responsibility This position will provide support and guidance to volunteer microenterprise coaches as they are matched with refugee entrepreneurs.

Work Environment This position requires primary residence within the state of Georgia, Alabama, or…