Loan Officer

Company: Shared Capital Cooperative

Location: St. Paul, MN

Job Function: Lending/Loan Operations


Background

Shared Capital Cooperative is a $20+ million national CDFI loan fund with a successful, 40-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 300 cooperatives across 36 states. We’re a small and growing organization.

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.

Summary

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 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.

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.

Requirements

At least 3 years of lending experience. Knowledge of CDFIs or cooperative business models is helpful.

Compensation and Benefits

The yearly salary range for this position is $57,000-$77,000, depending on your qualifications. Some remote work is possible, depending on business needs.

  • Great benefits and competitive salary
  • Solid, growing company with 40-year history
  • Professional development opportunities
  • Flexible work schedule, including some remote working opportunities
  • Working for economic democracy and justice

How to Apply

Visit https://sharedcapital.coop/jobs for a link to the full job description, or email a résumé and cover letter (.doc or .pdf format, please) to jobs@sharedcapital.coop.