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Bear Paw Development Corporation Loan Officer in Havre, Montana

JOB DESCRIPTION Bear Paw Development Corporation of Northern Montana Loan Officer IMMEDIATE SUPERVISOR: Director of Loan Services SALARY AND BENEFITS: Competitive salary based on experience and qualifications, with beginning wage expected to be $45,000 - $54,000. Excellent benefits package includes family health insurance coverage that is 100% employer-paid for employee and 80% for family; generous employer-paid retirement savings program; life insurance; professional development opportunities and more. MINIMUM QUALIFICATIONS: Undergraduate degree in finance, accounting or business administration is required, with course work in business finance and analysis preferred. Acceptable experience in lieu of education would be a minimum of five years experience in commercial lending, accounting, business consulting or management, but some formal training in business finance and analysis is essential. Commercial or nonprofit lending experience strongly desired. Must possess excellent computer, organizational and communication (both written and verbal) skills. Must be proficient with computerized loan portfolio management and word processing software programs and common office equipment. Proficiency in Microsoft Excel is strongly desired. Must have and maintain a valid Montana driver’s license. Must meet physical demands of position. DESIRED SKILLS AND EXPERIENCE: Knowledge of commercial financing practices and procedures, including preparation of sound business plans, maintenance of business accounting systems, and analysis of financial information (ratios, cash flow, breakeven point, etc.) to gauge business performance and make recommendations regarding product pricing, management practices, and marketing strategies. The Loan Officer must also be prepared to analyze financing options for business start-ups and expansions and to develop financing packages with multiple funding sources. Applicants for the position should be able to demonstrate skills in preparing and presenting written and oral loan summaries and portfolio reports using computerized financial analysis programs and loan portfolio management software; establish and maintain effective working relationships with co-workers, lenders, clients, investors, loan committee members, state and federal government agencies, and the general public. Must also be able to communicate clearly and effectively, both verbally and in writing. Ability to pay close attention to numerous details. Must be self-motivated and able to work independently, but also cooperatively with co-workers, government agencies, financial institutions, the private sector, general public and others. Must be able to meet deadlines and work effectively under pressure. DUTIES OF THIS POSITION: The Loan Officer is responsible for assisting the Director of Loan Services in working with potential borrowers to obtain business financing. The Loan Officer will also work closely with the Small Business Development Center. This position is responsible for the financial analysis of loan applications received by the Loan Department. The Loan Officer will perform the necessary financial analysis on loan applications and determine, in conjunction with the Director of Loan Services, whether a project is feasible and a good fit for Bear Paw Development’s loan portfolio. The Loan Officer will compile all necessary information, as outlined in policies and procedures, and present this information to the Loan Review Committee for review. The Loan Officer must be able to communicate effectively and professionally with Loan Department staff and borrowers to ensure applications are processed in a timely manner. The Loan Officer is responsible for completing site visits with current borrowers and will assist Loan Department staff with loan servicing requests. The Loan Officer will be responsible for working with the Assistant Director of Loan Services to coordinate the closing of loans. This position will be responsible for other duties as assigned by the Director of Loan Services, or Executive Director. Frequent travel is required within Bear Paw’s five-county region. Occasional travel outside the region, including overnight travel to attend meetings, workshops and training seminars, is also required. Must be able to attend evening meetings. ABILITIES AND PHYSICAL DEMANDS: Position requires the skills to talk to and communicate with the public, co-workers, and groups. Sits at a desk, at meetings, and in vehicles for long periods of time. Uses hands and fingers to handle the telephone, computer, office equipment, and write. Vision abilities require the skill to review technical and legal documents, reports, telephone numbers, analytical and statistical reports. Stands and walks short distances. Stoops and bends, handles and lifts books, papers, and office equipment up to 25 pounds. Travel is required to remote locations when performing job duties. May require climbing on and into various vehicles. Normal restricted smoking, office environment. Periodic exposure to dirt, dust, and fumes. UPDATED: October 8, 2021