Loan Officer

Loan Officer

The Ohio Department of Development's Minority Business Development Division is looking for a Loan Officer to help expand and grow Ohio's minority business economy.

What you'll do:

• Assist in administering multiple loan and incentive programs, including Minority Business Direct Loan, Collateral Enhancement, Ohio Micro Loan, Women's Business Enterprise Loan, and CDFI Loan Participation programs.
• Review program applications for completeness, accuracy, and compliance with statutes, administrative rules, and program criteria.
• Prepare detailed loan package write‑ups, including financial and market analysis, and present requests to the Minority Development Financing Advisory Board.
• Prepare loan documentation for Controlling Board review and manage applicant correspondence related to awards and disbursement of funds.
• Perform credit analysis, including reviewing financial statements, tax compliance, job creation verification, loan covenants, and payment histories.
• Connect minority, small, and disadvantaged businesses across Ohio with relevant financial and developmental resources.

Minimum Qualifications:

• Working knowledge of business lending programs and commercial lending.
• Previous experience working in a bank, credit union, Community Development Financial Institution or other economic development business lending organization performing business credit and debit service analysis required.
• Bachelor's degree in finance or accounting OR bachelor's degree in another area previous work experience in finance, accounting or commercial lending preferred.
• Economic development/business development experience helpful.
• Excellent written, verbal and interpersonal communication skills as well as analytical and prioritization skills.
• Proficiency in using MS Suite.