Credit

Opportunity Finance Network; Arlington, Northern (VA, KY); Hybrid; USD 95,000 - 125,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Disability insurance

Life insurance

Flexible Spending Accounts

Employee Assistance Program

Job summary

Rochdale Capital seeks a mission-driven Senior Loan Officer to lead underwriting, portfolio management, and credit risk assessment for a diverse loan portfolio. You will evaluate new lending opportunities, prepare credit recommendations, and manage borrower relationships to ensure sound credit decisions and successful outcomes.

The role includes maintaining referral networks and contributing to business development while upholding risk standards and regulatory compliance.

Qualifications

• Experience evaluating, underwriting, and managing small business or community development loans.
• Strong financial analysis and credit risk assessment skills.
• Ability to analyze complex financial statements and projections.
• Experience presenting loan recommendations to loan committees, credit committees, or senior management.

Responsibilities

• Develop and maintain borrower relationships and handle inquiries.
• Analyze financial statements and prepare credit memoranda and loan recommendations.
• Structure loan terms that meet borrower needs while aligning with risk standards.
• Monitor portfolio performance and conduct annual reviews of loans.

Skills

Financial analysis

Underwriting

Credit risk

CRM platforms

Portfolio management

Loan recommendations

MS 365

Tools

CRM platforms

Loan origination software

Portfolio management systems

MS Excel

PowerPoint

Job description

Founded in late December 2021, Rochdale Capital is a certified Community Development Financial Institution (CDFI) whose mission is to promote cooperative and community ownership and provide access to capital and technical assistance in low-wealth communities.

Our Mission Statement:

• Promote the expansion of community ownership and cooperative principles.
• Advance asset building in low-wealth communities.
• Broaden access to capital by offering flexible, affordable financing.

Summary

Reporting directly to the Chief Lending Officer (CLO), Rochdale Capital is seeking a mission-driven Senior Loan Officer to lead loan underwriting, portfolio management, credit risk assessment, and borrower relationship management. This position is primarily responsible for evaluating new lending opportunities, conducting financial analysis, preparing credit recommendations, monitoring portfolio performance, and managing credit risk across the loan portfolio.

While the role includes maintaining referral relationships and participating in targeted business development activities, its primary focus is ensuring sound credit decisions, effective portfolio oversight, strong portfolio performance, and successful borrower outcomes. The ideal candidate possesses strong financial analysis skills, sound credit judgment, and experience evaluating, underwriting, and managing small business, nonprofit, commercial, affordable housing, or community development loans.

Responsibilities

Business Development & Relationship Management (15%)

• Develop and maintain relationships with prospective borrowers, existing borrowers, referral partners, community organizations, and other stakeholders.
• Respond to loan inquiries and conduct borrower intake, screening, and prequalification.
• Represent Rochdale Capital at conferences, community meetings, industry events, and networking opportunities.
• Promote Rochdale Capital’s lending products, programs, and impact within its investment areas and place-based cities.
• Identify lending opportunities that align with Rochdale Capital’s mission and strategic objectives.
• Analyze financial statements, tax returns, cash flow projections, operating budgets, collateral information, and other underwriting materials.
• Assess borrower repayment capacity, management strength, project feasibility, business performance, and overall credit risk.
• Structure loan terms and conditions that meet borrower needs while aligning with organizational risk standards and mission objectives.
• Prepare comprehensive credit memoranda, financial analyses, and loan recommendations for internal review and approval.
• Present loan opportunities, transaction structures, and credit recommendations to management and the Loan Committee.
• Guide applicants through documentation requirements, eligibility criteria, and the lending process.
• Provide technical assistance and advisory support to borrowers to enhance loan readiness and financial capacity.
• Manage the loan portfolio and maintain regular communication with borrowers throughout the life of the loan.
• Monitor portfolio performance and identify potential risks, emerging issues, and early warning indicators.
• Review borrower financial reporting, covenant compliance, and other loan agreement requirements.
• Conduct annual loan reviews, risk assessments, and ongoing portfolio monitoring activities.
• Administer loan modifications, extensions, renewals, restructurings, and workout strategies when appropriate.
• Collaborate with borrowers and staff to address credit concerns and implement risk mitigation strategies.
• Conduct site visits and borrower meetings as needed to evaluate operations, project progress, and overall loan performance.

Reporting & Data Management (5%)

• Maintain accurate records in lending, CRM, loan management, and reporting systems.
• Prepare reports for management, funders, investors, and other stakeholders.
• Ensure compliance with organizational policies, lending procedures, and regulatory requirements.

Team Collaboration & Organizational Support (5%)

• Work closely with lending, compliance, operations, finance, and the Board Loan Committee to facilitate effective loan origination, underwriting, and portfolio management.
• Contribute to the continuous improvement of lending products, underwriting practices, portfolio management processes, and organizational policies.
• Support strategic initiatives and special projects that advance Rochdale Capital’s mission and impact objectives.

Requirements

Preferred Qualifications

• Experience working within a CDFI, community development organization, bank, credit union, cooperative lender, or other mission-driven financial institution.
• Knowledge of affordable housing, community facilities, commercial real estate, nonprofit finance, cooperative development, or small business lending.
• Experience presenting loan recommendations to loan committees, credit committees, or senior management.
• Experience with CRM systems, loan origination platforms, and portfolio management systems.
• Experience providing technical assistance, financial coaching, or advisory services to borrowers.
• Strong financial analysis, underwriting, and credit risk assessment skills.
• Ability to analyze complex financial statements, projections, cash flows, and business plans.
• Experience structuring loan transactions and developing practical financing solutions.
• Strong portfolio management and borrower relationship management capabilities.
• Excellent verbal, written, and presentation skills.
• Strong organizational skills with the ability to manage multiple priorities and deadlines.
• Sound judgment, critical thinking, and problem-solving capabilities.
• High level of professionalism, ethics, and confidentiality.
• Proficiency in Microsoft 365 applications, including Excel, Word, Outlook, Teams, and PowerPoint.
• Ability to work independently and collaboratively in a fast-paced, mission-driven environment.

Compensation and Benefits

Working Conditions

• Hybrid work environment with periodic travel for borrower meetings, site visits, conferences, and community engagement activities.
• Occasional evening or weekend events may be required.
• Valid driver’s license and ability to travel within Rochdale Capital’s service area.

Employment Details
Location: Arlington, VA and hybrid (in office Tuesday and/or Wednesday).

Compensation and BenefitsSalaryTarget Range: $95,000 – $125,000

Health. Wealth. Self

• Plans that include medical, dental, vision, disability, life insurance, and more.
• Coverage is effective on the first day of the month following your hire date.
• Medical Waiver Coverage for those not needing insurance.
• Discounted prescriptions through our Prescription Drug Plan.
• Flexible Spending Accounts that can be used for health care and other expenses.
• Employee Assistance Program for free, confidential counseling for employees and their immediate families.
• Short-term and long-term disability are available.
• Dependent Care Reimbursement Account for parents who have childcare expenses; sign up for this flex fund and save money on a pre-tax basis.