Loan Officer

Background

Shared Capital Cooperative is a $25 million national CDFI loan fund with a successful, 45-year track record of financing consumer, small producer, housing, and worker-owned cooperatives. We’re building a just, equitable, and democratic economy by investing in cooperative enterprises. Shared Capital is democratically owned and governed by over 300 cooperatives across 36 states.

Summary

If you’re an experienced loan officer, lending professional, or community developer and looking to make a real difference in the world, we’d love to talk to you. We offer exceptional benefits, a high degree of autonomy, and the opportunity to build a loan portfolio you’ll be proud of.

Responsibilities

The primary functions of this job are:

• Help startup and expanding cooperative businesses gain access to needed capital.
• Grow Shared Capital’s loan portfolio while minimizing its risk.
• Keep customer satisfaction and retention levels high.
• Contribute to our good reputation among lenders, CDFIs, and within the co-op ecosystem.

You’ll be working with an excellent and supportive lending team, and collaborating with fellow employees, volunteer committee members, community partners, and our board of directors. We encourage and provide professional development. You may be expected to travel occasionally.

Considerable time is spent attending to the capital needs of an extremely diverse universe of borrowers, not all of whom speak English as their first language. You’ll also get plenty of alone time with spreadsheets and with data that lives in TEA loan management software.

Requirements

Education and Experience:

• Advanced education in a finance, business, management, public policy, or banking discipline is valued.
• Three years of experience in small business or commercial lending, especially with a CDFI or similar; and/or three years of experience in cooperative or small business operations and management.
• Experience with a CDFI loan fund is preferred, but not necessary.
• Or a combination of equivalent relevant experience, education, and training.

Characteristics, Knowledge, Skills, and Abilities:

• Ability to model behavior consistent with the cooperative’s mission, and to adhere to high standards.
• Strong financial aptitude and financial analysis skills.
• Ability to work effectively and build respectful relationships with people of diverse cultures and backgrounds.
• Ability to be self-directed, effectively organize priorities, and manage multiple projects.
• Collaborative and committed to working as a part of a team.
• Excellent verbal and written communication skills.
• Knowledge of cooperative business models.
• Willingness and ability to travel regularly.
• Spanish language proficiency a plus.
• Exceptional customer service and interpersonal skills.
• Knowledge of, and ability to use computer and other technical resources to effectively accomplish work; advanced skill in Microsoft suite of products is essential; experience with lending and investing software is important; experience with TEA is ideal.
• Commitment to social and economic equity and justice, and to the mission and values of the cooperative.

Compensation and Benefits

The yearly salary range for this position is $65,000-$85,000, depending on your experience and qualifications. We have an office in St. Paul, Minnesota, but remote applicants will also be considered.

Why Should You Apply?

• Great benefits and competitive salary
• Solid, growing company with 45-year history
• Professional development opportunities
• Flexible work schedule, including some remote working opportunities
• Working for economic democracy and justice

How to Apply

Email a résumé (required) and cover letter (optional) (.doc or .pdf format, please) to [email protected].

Shared Capital Cooperative is an Equal Opportunity Employer. At Shared Capital, we make employment decisions based on merit, competence, performance, and business needs. We celebrate difference. We’re committed to building a diverse and inclusive organization and recognize the fact that our different cultures, backgrounds, perspectives, and ways of being strengthen our company, as well as our communities. We don’t discriminate on the basis of race, color, creed, religion or belief, national origin, political affiliation, age, marital, civil union or domestic partnership status, disability, public assistance status, prior convictions, personal credit score, past or present military service status, family medical history or genetic information, family or parental status, sexual orientation, gender identity, or gender expression. We desire a diverse pool of applicants and encourage applications from women, people of color, LGBTQ, and immigrant communities.