Loan Assistant

Loan Assistant Job Details · Part\-time / Independent Contractor · $2,000 a month · Location: Hybrid Qualifications · Experience with loan origination or loan management software. · Familiarity with commercial, consumer, small business, or community development lending. · Knowledge of lending regulations. Full Job Description About the Organization: The RTPark Community Impact Fund (CIF) is a 501(c)(3\) nonprofit organization dedicated to enhancing economic opportunity, improving quality of life, and empowering underserved communities throughout the United States Virgin Islands. Through mission\-driven lending, capacity\-building, and strategic investment, the CIF works to strengthen the local economy, support equitable development, and address longstanding barriers by transforming access to capital for small businesses, nonprofits, and community organizations. Our next phase of growth is an exciting one as we solidify our position as a Community Development Financial Institution (CDFI) and continue to pursue innovative ways to meet the needs of the United States Virgin Islands community. About the Opportunity: The Loan Assistant provides administrative, customer service, and operational support to the lending team. This position assists with loan applications, collects and verifies documentation, tracks loan files, communicates with applicants, and helps ensure that all loan packages are complete, accurate, and compliant with organizational policies and regulatory requirements. This role serves as a key point of contact between borrowers, loan officers, underwriters, and other stakeholders. Key Roles \& Responsibilities: The Loan Assistant shall coordinate the daily CIF’s Revolving Loan Fund activities. The specific activities and deliverables shall largely consist of, but not be limited to, the following: Administrative Function: Primarily responsible for the CIF Loan Unit administrative functions, ensuring smooth operations. Customer Service: Serve as a point of contact for loan and grant clients, assisting with inquiries, collecting required information, and providing updates throughout the loan application process. Documentation Management: Obtain, review, and organize necessary documentation for loan and grant application packages, ensuring thoroughness and compliance for review by the Loan Officer and review committees. Coordination: Collaborate with loan applicants, the Loan Officer, the Closing Consultant, the Chief Financial Officer, title companies, and attorneys to ensure all relevant data and documentation are available for loan processing and closing. Closing Support: Review closing packages and organize documentation for the Closing Consultant before closing, ensuring all documents are complete and compliant with regulations and organizational policies. Data Entry and Reporting: Maintain loan applicant information in the organization’s core system, and complete frontline checklists for new loan accounts. Prepare pipeline reports, loan application status reports, annual Compliance Report for the Catalyst Fund, and CIF Loan Funds’ monitoring and evaluation reports. Assist the Chief Financial Officer and Closing Consultant with the closing and booking of loans, creating and delivering loan payment invoices, collections of loan payments, and maintenance of files for legal and compliance documents. Scheduling: Providing notification to the Catalyst Fund Loan Review Committee of monthly meetings and other activities, as well as the preparation of Agenda Packages for the Loan Review Committee meetings. Booking of Loans: Assisting the Loan Officer with the closing and booking of loans, creating, and delivering loan payment invoices, collections of loan payments and maintain tickler file for legal and compliance documents. Grant Administration: Collect and maintain grant applications and documents and prepare grant package for committee review. Weekly Reports: Prepare and submit a weekly pipeline report and ensure all loan and grant application statuses are updated. Required Qualifications: Education \& Experience: Education: Associate degree in Business, Finance, Accounting, or related field preferred. Experience: · 1\-3 years of administrative, banking, lending, or customer service experience. · Strong organizational and time\-management skills. · Excellent written and verbal communication skills. · Proficiency in Microsoft Office (Word, Excel, Outlook, Teams). · Ability to handle sensitive information with discretion. · Strong attention to detail and accuracy. · Proficiency in CRMs and HubSpot Skills \& Competencies: · Analytical Thinking: Ability to analyze financial data and make sound lending decisions. · Attention to Detail: Meticulous attention to detail in processing applications and maintaining records. · Communication: Excellent written and verbal communication skills, capable of explaining complex financial concepts to diverse audiences. · Problem\-Solving: Proactive and resourceful approach to identifying challenges and implementing effective solutions. · Mission Alignment: Deep commitment to the mission of community development, economic empowerment, and serving historically underfinanced communities in the USVI. Work Authorization \& Eligibility · Must be legally authorized to work in the US. This position requires candidates to have permanent or ongoing work authorization. · The employee is responsible for maintaining eligible work authorization throughout tenure with the organization. Job Type: Part\-time / Independent Contractor Pay: $2,000\.00 per month Schedule: · Part\-time / Monday to Friday Application Question(s): · Are you located in the United States Virgin Islands? · Do you have experience as a loan officer, credit analyst, or financial analyst? Work Location: In person (Hybrid) Pay: $2,000\.00 per month Work Location: Hybrid remote in Kingshill, VI 00850