Now Hiring: Loan Officer

ABOUT US:​

Founded in 1999, the Wyoming Women’s Business Center (WWBC) is a 501c3 private non-profit organization headquartered in Laramie, WY. Our mission is to enable and empower Wyoming entrepreneurs, with a special emphasis on women who are economically or socially disadvantaged. We do that through 3 distinct programs: (1) Business Counseling and Training, (2) Microloans, and (3) The  Artist Development Center.  

 

In 2001, WWBC also established the state’s only microloan program with funds from A Territory  Resource (ATR). We were proud to become Wyoming’s first intermediary lender through SBA in 2002,  thus expanding the microloan program. Over the past 20 years, our Micro-Loan program has assisted over 150 Wyoming small businesses with more than $2.5 million dollars in loans.

WHAT IT'S LIKE TO WORK FOR THE WWBC:

WWBC works hard to serve our clients while maintaining a healthy work-life balance and positive team-oriented atmosphere. Our strategic framework revolves around building trusted relationships, providing equal opportunity, valuing contributions, community impact, and financial stability. Our small, high-functioning team consists of 6 employees plus a corps of independent contractors and an engaged  Board of Directors. 

The Microloan Officer is an integral part of the lending department team and works very closely with the loan committee members and the business coaches on the technical assistance team. The Microloan  Officer fosters professional and compassionate relationships with clients and coworkers. They also develop and maintain strong relationships with community and government organizations and have experience and interest in working with culturally and economically diverse business owners. 

This position allows you to live and work wherever you want, however, we prefer candidates who are currently Wyoming residents. Proximity doesn’t influence productivity and we work hard to ensure you have the tools required to succeed remotely. Just make sure you have a reliable internet connection and are available during your scheduled work hours.  

PRINCIPLE DUTIES AND RESPONSIBILITIES: 

Microloan Originations & Underwriting 

  • Consistently generate new loans, manage underwriting, credit approval, loan file creation and maintenance. 

  • Prepare and/or approve the credit memo/credit analysis and recommendation memo for review and approval.

  • Verify feasibility and structure of proposed loan and the character, capacity, collateral, cash flow, and cash (equity) investment of the borrower. 

  • Work closely with the business coaches providing technical assistance in preparing loan  applications for feasibility, structure, and meeting mission guidelines of the organization.

  • Comply with funding structures and guidelines provided by SBA, USDA, Banks and Credit Unions,  and Private Investors. 

Loan Closings, Booking, Funding 

  • Conduct closings of new loans and modifications of existing loans, handling booking and funding processes, engaging appropriate staff and outside third parties, including outside counsel as needed for closing complex transactions. 

  • Ensure compliance with BIN policies and procedures, loan requirements, commitment and approval conditions. 

  • Create and maintain loan files and ensure files are consistently prepared for each loan with  proper loan and credit approval documentation, organization and audit trail for all closing steps. 

Loan Servicing, Collections/Recovery 

  • Maintain servicing, monitoring and documentation of loan portfolio. 

  • Monitor and sustain collateral of most secured loans, including but not limited to insurance and property tax compliance, appraisal and reserve requirements. 

  • Collect, report and monitor financial and impact performance data. 

  • Manage delinquency, nonaccrual, write-offs and problem assets to minimize losses and maximize collateral recovery. 

  • Call on borrowers when credit issues arise. Work with customers whose loans are past due and/or their businesses are showing signs of trouble. This includes restructuring loans, doing financial workouts and providing short-term business technical assistance. 

  • Report on the performance of the loan portfolios and/or specific loans. 

 

Community Engagement 

  • Develop and maintain relationships with individuals and organizations with strong community ties that are consistent with WWBC’s mission. These organizations may include, but are not limited to, Wyoming credit unions, banks, Certified Development Companies, Chambers of  Commerce, SBDC’s, etc. 

  • Attend conferences and training to maintain up-to-date knowledge of lending programs including those of the SBA: 7a, Microloan, ILP; and the USDA: RMAP. 

  • Attend government and community meetings (sometimes in evenings and on weekends) on an as-needed basis. 

Support & Collaboration 

  • Work effectively as a team member within the organization. 

  • Support clients through general technical assistance during the lending process and effectively work with business coaches for more robust loan readiness work. 

  • Provide understanding and compassion when working with diverse business owners.

  • Collaborate with the WWBC accounting resources to provide a seamless experience for clients and reporting. 

  • Participate as a member of the organization in alignment with the organization’s values and  mission.

MINIMUM QUALIFICATIONS: 

  • Bachelor’s degree in Finance, Accounting, Economics or related field. 

  • 2+ years of experience in small business lending. Experience should also include Credit  Administration, loan underwriting, loan closing, troubled asset and portfolio management. • Able to analyze business and personal financial statements, including business balance sheets,  income and cash flow statements, as well as tax returns. 

  • Knowledge of processes and procedures in small business lending.  

  • Strong financial analysis skills, as well as risk compliance and collection management experience.

  • Knowledge of best practices and use of analytical tools in credit analysis, risk management and compliance management. 

  • Excellent analytical, problem-solving and organizational skills; able to handle multiple priorities while managing credit functions in a strategic and organized manner. 

  • Excellent written and verbal communication skills. 

  • Ambitious self-starter who also works well in a small team environment. 

  • Able to travel occasionally within the state of Wyoming. 

DESIRED QUALIFICATIONS: 

  • Considerable experience working with culturally and economically diverse business owners. Experience in government reporting, as well as working with Government representatives and entities at the City, County, State and Federal levels, including but not limited to multiple  Federal Agencies: SBA, USDA, CDFI/Treasury, Dept. of Commerce and others. 

  • Experience and ability to deliver effective and persuasive presentations or speak on panels. • Demonstrated commitment to the mission and to economic empowerment overall. • Demonstrated commitment to Diversity, Equity, and Inclusion. 

  • Experience in real estate, commercial and industrial lending. 

  • Experience working for a non-profit or grant-funded employer preferred.  

  • 2+ years of experience in economic development, community development or small business management. 

SCHEDULE & LOCATION: 

  • 40 hours per week, 8:00 am-5 pm 

  • Headquartered in Laramie, WY – office or remote working is available. 

COMPENSATION PACKAGE: 

Salary of $56,000 - $60,000 Full Time, DOE. 

 

  • Generous flexibility and benefits include:

  • 10 Paid holiday days 

  • 6 days of personal leave each calendar year 

  • 24 Paid vacation days each calendar year (accrues at a rate of 2 days per month) • Sick leave accrues at one day per month from date of employment.  

  • Voluntary Leave Transfer Fund is available to supplement earned leave that has been exhausted. 

  • 5% Individual Retirement Account contribution - no match required.  

  • Flex time based on supervisor approval and used within pay period or by the end of the following pay period. 

  • A great workplace culture 

Position open until filled. All candidates are subject to a background check. Please remit cover letter and resume to Christine Langley at clangle1@uwyo.edu.  

WWBC is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race,  color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics,  disability, age, or veteran status.