Business Lending Manager

Prospera is the leading non-profit organization advancing and supporting community-centered economic development in southwest Montana. Our focus is helping business and communities find their pathway to success, acting as the navigator, problem-solver, and catalyst for a strong Montana economy. Founded in 1985, Prospera has deep roots connecting us to the people and communities across Southwest Montana. Position Summary The Business Lending Manager assists local businesses in accessing business financing through Prospera’s Revolving Loan Funds. This position is suited for a savvy business professional who enjoys customer service, financial statements, and attention to detail. This position will manage a pipeline of potential loan clients and help them complete a loan application, prepare business analysis, and present loan deals to our loan committee for approval. With more than $5 million in loan funds, this is a rapidly growing and dynamic program at Prospera. The Business Lending Manager, with support from the Director of Finance and the Prospera Team, will organize and process new business loans while managing all aspects of the loan program from start to finish. Teamwork and coordination with Prospera co-workers and outside bankers is vital. Desired Skills · Team player who will coordinate actions and decision-making with co-workers, business owners, and banks. · Organized with excellent written and verbal communication skills. · Creative problem-solver who likes details and finding ways to get clients over the finish line to achieve their financing goals. · Understands basic financial analysis to determine loan readiness. · Resourceful with the ability to manage multiple projects and client relationships. · Tech savvy and capable of managing databases, software, and communication tools. · A connector who enjoys being in the finance community and connecting clients to the right business resources. · Positive attitude with the ability to create lasting working relationships within the business community. Desired Qualifications · A college degree and at least 3 years of direct professional experience that may include program management, business operations, lending, and/or finance. · Understands the basic principles of business financing and loans. · Business planning and financial literacy. · Proficient in Excel and Microsoft Office Suite. · Drive and passion for supporting local businesses with financing opportunities. · Professional communication skills with the ability to articulate information to colleagues, business owners, and local financial institutions. · Proficient computer skills and general office technology. Duties and Responsibilities: Loans and Business Development · Work with the Prospera Team to coordinate efforts in preparing businesses for new loans. · Coordinate with local banks to obtain new loan proposals. · Gather financial statements, tax returns, projections, and create basic credit analysis as needed for potential borrowers. · With support from the Prospera Team, prepare complete loan presentations for Prospera’s loan committees. · Plan and organize loan committee meetings including the agendas, minutes, public notices, and other requirements for meetings. · Prepare closing documents using Compliance One software. · Facilitate loan closings working with local banks, title companies, and borrowers to schedule and verify necessary collateral and insurance. · Complete the loan process by ensuring all liens and other loan filing processes are complete. · After closing, ensure accurate records are kept for all loan documents and liens. · Collaborate with the Director of Finance for reporting, budgeting, sub-recipient agreement renewals, and all other processes as needed to maintain a successful loan program. _ Program Administration and Reporting_ · Provide outreach to clients for loan servicing including maintaining complete loan records/files, obtaining current financial statements, and evaluating business success. · With support from the Director of Finance, learn and maintain accurate data in Downhome Solutions (loan management software). · Complete data entry for USDA loan program semi-annually. · Organize and complete loan audit summaries for partner agencies. · Meet with and complete filings necessary for the USDA loan program. Community Outreach · Build relationships with local commercial lenders to promote the use of Prospera’s Loan Funds. · Be a positive voice that promotes Prospera and our impact to area business leaders. · Assist with marketing, communications, and loan client success stories. · Work with the Prospera Team to develop loan presentations and materials that will promote the RLF program. · Provide updates and reporting to local governments on the status of their loan funds. · Work with local governments to assist in their annual audits as needed. · Attend events to provide information and networking to grow support and use of our loan funds. Other Duties · Support Prospera’s workplace culture and core values. · Collaborate and support Prospera membership, events, and fundraising. · Maintain administrative processes, procedures, and other duties as assigned. Work Conditions: The work week is generally Monday - Friday 8:30am to 5:00pm, with some variability depending on workload and events. Standing, lifting and some moderate physical requirements (ability to lift 50 lbs.) are necessary along with a personal vehicle, valid driver’s license and proof of insurance is required. This position is based in Bozeman, MT. To Apply: Email a cover letter and a resume. The cover letter will be considered a writing sample in addition to serving as a personal introduction. E-mail your application with “Business Lending Manager” in the subject line to: CMurray@ProsperaMT.org Initial application review deadline is Friday, August 23, 2024. After the deadline, applications will be reviewed as received. This position is open until filled. Job Type: Full-time Pay: $65,000.00 - $80,000.00 per year Benefits: Dental insurance Health insurance Health savings account Paid time off Retirement plan Vision insurance Physical Setting: Office Schedule: 8 hour shift Monday to Friday Ability to Relocate: Bozeman, MT 59718: Relocate before starting work (Required) Work Location: In person