Loan Workout Officer jobs in Indiana

Loan Officer

Bankable, Powered by Flagship

Full-Time

About Bankable

Bankable is a nonprofit lender that seeks to create opportunities for all entrepreneurs in Indiana by providing access to capital, financial education, and economic resources to build healthy small businesses.

The Bankable team works with entrepreneurs at any stage of business to build their credit, secure capital, increase financial literacy, and grow sound business foundations to make them Bankable for the future. Being Bankable means that we work to finance, educate, and support small business owners with the goal of getting them to the point where their credit, financial standing, and business know-how qualifies them for traditional funding.

Bankable offers three different loan products: Credit Builder Loans, Microloans, and Community Advantage Loans. We work with for-profit business owners and entrepreneurs who need capital and are unable to secure funds from a traditional bank.

In addition to lending, our loan officers and business advisers work with clients to coach them on a wide range of technical assistance topics. We also have relationships with many other financial institutions and community organizations that make up a network of support for entrepreneurs in need of business advising and guidance.

Why Work at Bankable?

Bankable is a small company with a collaborative and entrepreneurial mindset. No matter how long you have been employed with Bankable, your input matters to us. We have a particular focus on office culture, with funds and a committee dedicated to cultivating a fun work atmosphere. With Bankable, you will find a meaningful mission, friendly peers, and a true career.

Position Details:

Title: Loan Officer

Reports to: Director of Loan Operations 

Hours: 40 hours/week between 8a and 5p, Monday – Friday 

Location: 2705 Enterprise Drive, Anderson, IN 46013 

We are seeking a motivated and hard-working Loan Officer to join our non-profit mission lender team based in Anderson, Indiana. The Loan Officer will play a critical role in helping our organization fulfill its mission to support individuals and businesses in the local community who are traditionally underserved by mainstream financial institutions.

Responsibilities  

The Loan Officer position will support Bankable's small business clients and applicants through general business advisory services and loan application support. Responsibilities may include:  

·      Evaluate loan applications by gaining an understanding of the applicant’s business and the need for capital.

·      Provide recommendations to potential borrowers on how to structure their loan request.

·      Assist in conducting due diligence on loan applicants, including analyzing financial statements, credit reports, and other relevant documents.

·      Guide applications through the underwriting process, serving as a liaison between underwriters and applicants.

·      Maintain accurate and up-to-date records of loan transactions and customer interactions.

·      Present applicant’s requests to a loan committee of volunteer finance professionals, advocating on behalf of the applicant.

Requirements:

Bachelor's degree in finance, business administration, or a related field preferred.

Fluency in Spanish and English (both written and spoken) preferred.

Excellent communication and interpersonal skills, with the ability to build and maintain relationships with a diverse group of stakeholders.

Ability to work independently and as part of a team in a fast-paced, dynamic environment.

Passion for using finance as a tool for social impact.

Experience working with low- and moderate-income borrowers and/or underserved communities preferred.

To Apply:  

If you are a mission-driven individual looking to make a difference in your community, we encourage you to apply by sending a resume to jennifer@bankable.org .

Jennifer Hall 

Bankable 

2705 Enterprise Drive 

Anderson, IN 46013

Equal Opportunity Employment Information  

Bankable is an equal opportunity provider and employer. Bankable does not discriminate in hiring or employment practices on the basis of race, color, ethnicity, gender, national origin, age, religion, sexual orientation, disability, marital or familial status, ancestry, or status as a veteran.