Loan Officer

Loan Officer

The Ohio Department of Development's Minority Business Development Division is looking for a Loan Officer to help expand and grow Ohio's minority business economy.

What you'll do:

* Assist in administering multiple loan and incentive programs, including Minority Business Direct Loan, Collateral Enhancement, Ohio Micro Loan, Women's Business Enterprise Loan, and CDFI Loan Participation programs.

* Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria.

* Prepare detailed loan package write‑ups, including financial and market analysis, and present requests to the Minority Development Financing Advisory Board.

* Prepare loan documentation for Controlling Board review and manage applicant correspondence related to awards and disbursement of funds.

* Perform credit analysis, including reviewing financial statements, tax compliance, job creation verification, loan covenants, and payment histories.

* Connect minority, small, and disadvantaged businesses across Ohio with relevant financial and developmental resources.

Minimum Qualifications:

* Working knowledge of business lending programs and commercial lending.

* Previous experience working in a bank, credit union, Community Development Financial Institution or other economic development business lending organization performing business credit and debit service analysis required.

* Bachelor's degree in finance or accounting OR bachelor's degree in another area previous work experience in finance, accounting or commercial lending preferred.

* Economic development/business development experience helpful.

* Excellent written, verbal and interpersonal communication skills as well as analytical and prioritization skills.

* Proficiency in using MS Suite.