Equipando a Latinos y a otros residentes del área de DC con las destrezas y las herramientas financieras que necesitan para alcanzar un mejor futuro para sus familias y sus comunidades


Small Business Loan Officer and Underwriter - Baltimore

Position Summary:
One of LEDC's most important services to small businesses is our micro-loan program. LEDC currently lends up to $50,000 for small or emerging businesses unable to obtain financing from mainstream financial institutions. The goal of the program is to provide first step financing to promising entrepreneurs, and we ultimately seek to "graduate" them to larger loans with traditional lenders, thereby increasing their capacity to create wealth for their owners and economic opportunity for the communities they serve.
Essential Job Duties/Responsibilities:
  • Underwrite small business loan transactions, including business plan reviewing, financial analysis and due diligence.
  • Help the organization to generate a constant inflow of new lending clients into the pipeline.
  • Prepare credit analysis and recommendation memo for review and approval.
  • Verify feasibility and structure of proposed loan and the character, capacity, collateral and cash flow of the borrowers.
  • Assist our portfolio management team in working with clients whose loans are past due and/or their business is showing signs of trouble.
  • Provide pre and post-loan technical assistance for lending clients.
  • Develop and maintain relationships with individuals and organizations with strong community ties that are consistent with LEDC's mission. These organizations may include, but are not limited to, credit unions, banks, Certified Development Companies, chambers of commerce, etc.
  • Maintain close customer contact to ensure continued satisfaction, and to follow or anticipate additional financing needs.
  • Monitor and report changes in credit quality.
  • Attend loan closings to ensure loans are properly closed.
  • Effectively track portfolio quality of his/her portfolio including contact clients with past due payments.
  • Ensure that LEDC is in possession of current financial information and that the information has been properly analyzed and on file, and that proper and complete credit files are on hand.
  • Participate in promoting LEDC products and services.

Required Qualifications:
  • Bachelor's degree, preferably in Business, Accounting or Finance
  • Strong verbal and written communication ability and organizational skills
  • Proficient in computer skills using Microsoft Word, Excel, Power Point and Outlook
  • Good level of interpersonal and social skills needed to interact with customers or prospective clients
  • Good time management skills
  • Hands on experience working with small business owners is a plus
  • Bilingual (English/Spanish), and culturally sensitive
  • Demonstrated commitment to working with low-income communities

Salary and Benefits: 
  • Salary is commensurate with experience, qualifications, and salary history. Salary range: $38,000 to $42,000.
  • Benefits are competitive within the Baltimore area: compensation currently includes, healthcare plan with ZERO employee contribution, 10 observed holidays, and 4 weeks of vacation per year.
To apply, send cover letter and resume by April  15th to Diana Avellaneda, Lending Program Manager: davellaneda@ledcmetro.org
LEDC is an equal opportunity employer; and does not discriminate on the basis of race, color, religion, sex, national origin, disability or sexual orientation.
Applicant must be authorized to work in the United States.

Bilingual Evaluation/Research Intern - DC

Position Summary:

The Latino Economic Development Center (LEDC) is seeking an evaluation/research intern to assist in an evaluation to measure the impact of its small business technical assistance and micro-lending efforts through an evaluation partnership with the Aspen Institute. The project provides an opportunity to learn about the impact of microfinance on historically marginalized communities (Latinos, African Americans, and other vulnerable communities). The primary responsibilities of the intern will be to assist with any necessary data collection tool adaptations, data collection, analysis, and compiling of a presentation with the guidance and oversight of our Development Manager.

Essential Job Duties/Responsibilities:
  • Interview preparation: compiling contact information, alerting clients of interviews, and consolidating client intake data.
  • Data collection: tracking contact attempts with clients, conduct interviews, and data entry.
  • Conduct data analysis with guidance from Development Manager.
  • Draft/compile a presentation highlighting findings.
  • Present findings to program staff during brown bag luncheon.
 Education and Experience Qualifications Required:
  • Graduate students, having completed their first year of graduate studies pursuing a degree in any of the social sciences, public policy, administration, planning, business administration, or related fields preferred. Undergraduate students with relevant experience and skills will be considered;
  • Demonstrated experience in and/or coursework in research methods;
  • Demonstrated communication skills; survey and/or interviewing experience are a plus;
  • Strong computer skills, proficiency in Excel applications;
  • An interest in pursuing a career that addresses poverty and/or economic inequality in the United States;
  • Spoken and written Spanish skills required;
  • Available to work 20-40 hours/week, on a flexible schedule that could accommodate evening or weekend interviews.
To apply, send cover letter and resume to Marjorie Nemes: mnemes@ledcmetro.org
LEDC is an equal opportunity employer; and does not discriminate on the basis of race, color, religion, sex, national origin, disability or sexual orientation.
Applicant must be authorized to work in the United States.

Subscríbete al Boletín

Recibe las noticias sobre LEDC