We’re growing and are looking for a Loan Officer. Details below!
If you’re an experienced loan officer or lending professional or community developer and looking to make a real difference in the world, we’d love to talk to you. We offer exceptional benefits, a high degree of autonomy, and the opportunity to build a loan portfolio you’ll be proud of.
The Loan Officer Position
The primary functions of this job are:
- Help startup and expanding cooperative businesses gain access to needed capital.
- Grow Shared Capital’s loan portfolio while minimizing its risk.
- Keep customer satisfaction and retention levels high.
- Contribute to our good reputation among lenders, CDFIs, and within the co-op ecosystem.
You’ll be working with an excellent and supportive lending team, and collaborating with fellow employees, volunteer committee members, community partners, and our board of directors. We encourage professional development. You may be expected to travel occasionally. Considerable time is spent attending to the capital needs of an extremely diverse universe of borrowers, not all of whom speak English as their first language. You’ll also get plenty of alone time with spreadsheets and with data that lives in TEA loan management software
The starting yearly salary range for this position is $65,000-$85,000 depending on your qualifications. This position may be based at our Minneapolis-St. Paul office, and we will also consider remote/hybrid arrangements.
The Organization
Shared Capital Cooperative is a $25+ million national CDFI loan fund and cooperative with a successful, 45-year track record of financing consumer, small producer, housing, and worker-owned cooperatives. We’re building a just, equitable, and democratic economy by investing in cooperative enterprises. Shared Capital is democratically owned and governed by over 300 cooperative members across 36 states.
The Location
Shared Capital is located in St. Paul, Minnesota. Our office is bike friendly, and is on the Metro Transit Green Line, and bus lines.
Why Should You Apply?
- Great benefits and competitive salary
- Solid, growing organization with 40-year history
- Professional development opportunities
- Flexible work schedule, including remote working opportunities
- Working for social, racial, and economic justice!
Shared Capital Cooperative is an Equal Opportunity Employer
At Shared Capital, we celebrate difference. We’re committed to building a diverse and inclusive organization and recognize the fact that our different cultures, backgrounds, perspectives, and ways of being strengthen our company, as well as our communities. We don’t discriminate on the basis of race, color, creed, religion or belief, national origin, political affiliation, age, marital, civil union or domestic partnership status, disability, public assistance status, prior convictions, personal credit score, past or present military service status, family medical history or genetic information, family or parental status, sexual orientation, gender identity, or gender expression. We desire a diverse pool of applicants and encourage applications from women, people of color, LGBTQIA+, and immigrant communities.
To Apply
Email a résumé and cover letter (.doc or .pdf format, please) to jobs@sharedcapital.coop. The full job description is here.