Director of Small Business Lending

7 days ago


Richmond, Virginia, United States BankTalent HQ Full time
About Locus

Locus is a nonprofit holding company regulated by the Federal Reserve, partnering with communities to ensure everyone can live in healthy, thriving communities. Our capital system centers community input and impact, making it a reality. We have generated over $2 billion in total impact in local communities, creating jobs, energizing places, and promoting quality of life. With offices in Christiansburg and Richmond, we offer innovative financing tools and professional advisory services to individuals and organizations in low-to-moderate income and underserved communities.

Job Summary

The Director of Small Business Lending will lead the development and management of our small business lending strategy, focusing on equitable lending in underserved communities. This includes designing a technical assistance model for small businesses, both pre-application and post-approval. The Director will collaborate with internal departments to create and drive new products, using technology tools to increase efficiency and drive results.

Key Responsibilities
  1. Strategic Leadership: Design, develop, and implement our small business lending strategy, aligned with our mission and goals. This includes designing a technical assistance model for small businesses.
  2. Community Partnerships: The small business model will utilize community partnerships in some locales to enhance programs already doing technical assistance and smaller loans. The Director will design the partnership model, defining roles and responsibilities for Locus and the Community Partner.
  3. Team Management: Recruit, lead, mentor, and motivate a team of community development lending professionals, fostering a culture of excellence, collaboration, and customer service.
  4. Loan Portfolio Management: Manage the full lifecycle of small business loans, including origination, underwriting, closing, and servicing. Ensure compliance with internal policies and external regulatory requirements.
  5. Business Development: Represent Locus as the Small Business Leader in various settings, marketing and building our small business lending portfolio, and developing new loan products based on market demand.
Qualifications
  • Proven experience and demonstrated leadership in a small business lending program, preferably in a CDFI or financial institution focused on non-microlending small business community development.
  • Strong leadership and management skills with a history of building and leading high-performing teams.
  • Experience in developing and growing a new program, including the design of technologic tools to enhance workflow.
  • In-depth knowledge of small business lending practices, community development credit enhancement programs, credit analysis, and risk management.
  • Demonstrated understanding of working in underserved markets and with other community partners.
Compensation and Benefits
  • $150,000 - $175,000 annual salary, depending on skills and experience.
  • 17-days of PTO per year.
  • 11-Paid holidays per year.
  • Medical, dental, vision, short- and long-term disability insurance.
  • 401k savings plan with employer match.
  • Life Insurance.
  • Hybrid Remote (candidates must live in Richmond, Norfolk, or Northern Virginia area).

Locus is an Equal Opportunity Employer, not discriminating in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or family status, national origin, non-job-related disability, or status as a veteran.



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