Our client is a community lender based in Mississippi that focuses on operating businesses such as manufacturing and agribusiness to provide working capital. Their primary focus is in Mississippi, but it also manages a portfolio of structured transactions in four other states. This is an outstanding opportunity for a proven relationship-builder with a heart for helping entrepreneurs succeed with the right financing.
This position is primarily responsible for sourcing working capital for businesses in Mississippi and managing a portfolio of structured transactions in AL, AR, TN and GA. Other duties will include collateral management, compliance management, database management, loan servicing monitoring and recordkeeping.
Source new business lending opportunities from $250K - $5MM in Mississippi using innovative structuring and delivering exceptional customer service.
Provide payment oversight of portfolio companies and management of collateral. Ensure proper administration of all Secondary Loan documents by the borrower including the creation and perfection of required security interests and liens on Secondary Loans.
Perform first level review of the performance, replacement and removal of collateral and ensure non-performing collateral is replaced in a timely fashion.
Ensure borrowers maintain the required amount of collateral per legal documents.
Review, coordinate and test for compliance with covenants of the borrower.
Track and submit monthly, quarterly and annual reports to support compliance with the terms and conditions of the loan documents via database management systems.
Process documentation as needed to declare Events of Default and initiate remedies when necessary.
Prepare and review invoices for loans and asset management.
Preserve, maintain and update borrower files and legal documents as needed.
Education and Experience :
Bachelor’s Degree or 5+ years direct work experience required.
1-3 years of experience in business lending, commercial real estate or investment banking markets
Experience in loan operations with a financial and /or nonprofit institutions preferred.
Experience in multi-party lending structures, with borrowers, lenders, banks and servicers and backup servicers preferred.
Experience preparing loan documents utilizing a Loan Servicing Software or standard templates as well as CRM system experience desirable.
Knowledge, Skills, Abilities, and Physical Requirements:
A proven track record of community involvement and relationship-building
Knowledge of accounting or lending practices required.
Superior analytical and organizational skills required.
Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
Ability to understand and modify financial statements is preferred.
Ability to understand loan documentation is required.
Ability to review the work of other partners/subcontractors is required.
Superior interpersonal skills and ability to work well with diverse constituents is required.
Knowledge of and commitment to community development preferred.
Proficiency with MS Office and database software is required.
Ability to work independently or in team environment as required.
Ability to manage multiple tasks effectively and efficiently under moderate supervision.
Some travel required (< 25% of time).
No extraordinary physical requirements beyond ability to travel.
Job involves normal physical requirements for an office position.
Commensurate with experience