Loan​/Technical Assistance; TA) Specialist

Job Details:

Job Location:

Atlanta
- Atlanta, GA 30308, Position Type:
Full Time, Education Level: 4 Year Degree,

Travel Percentage :
Up to 25%,

Job Shift: Day, Job Category:
Nonprofit
- Social Services, 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 refinancing 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.

• Provide business consulting services/technical assistance to improve the capacity and success of both prospective loan applicants and existing borrowers. Provision of TA services will be made via individual and group sessions delivered in person and/or virtually, and through volunteer business coaches assigned to Thrive borrowers.
• Promote loan services and products and business services resources to prospective borrowers, community organizations, and other community partners in order to maintain a healthy borrower pipeline.
• 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 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.
• Capably, consistently, accurately, and confidentially manage borrower data in the Down Home loan portfolio management platform and Credit Builders Alliance credit reporting platform.
• Maintain accurate records and 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.
• Participate and represent Thrive in community/educational/recruitment events
• Monitor inquiries from people who want to know more about Thrive and loans (via email, phone, personal contact, etc.) Check Thrive Info email daily and coordinate response with other staff members.
• Assist with impact data collection and reporting on borrowers.
• Attend conferences and other professional development events as appropriate and within time and budget constraints.
• Prepare internal and external reports as required for executive…