Senior Loan Officer & Financial Specialist

Position Summary

The Senior Loan Officer & Financial Specialist works directly with nonprofit organizations, primarily as a lender, while also providing technical assistance to support their financial health and stability. This role assesses financial information, and partners with nonprofit leaders and board members to strengthen financial decision making and advance organizational goals. The position also assists in delivering workshops, leads at least one area of focus within the loan fund, and provides peer support, guidance, and mentorship to other team members as needed.

Senior Loan Officer & Financial Specialists at Propel are expected to exercise sound judgment, manage resources responsibly, and take ownership of projects and priorities that advance departmental and organizational goals. They proactively identify opportunities for improvement, address emerging issues, and communicate openly with their team about matters that may affect priorities, timelines, or budgets. They also contribute to improving processes and workflows to support an effective and collaborative work environment. All Propel employees are expected to model and champion the organization’s values in their decisions and interactions.

Reports to: Loan Fund Director

Classification: Full-time, Exempt

Core Job Functions

Reasonable accommodation may be provided to enable individuals with disabilities to perform the essential functions. The following list is not designed to comprise a comprehensive list of activities, duties, or responsibilities that may be required for this job. Duties, responsibilities and activities may change at any time with or without notice.

• Respond to initial inquiries about Propel’s loan programs and other services.
• Build and maintain strong, trusting, and mutually beneficial relationships with nonprofit leaders.
• Underwrite loan requests in accordance with approved lending policies, including analyzing financial statements, assessing repayment capacity, evaluating credit risk, and developing appropriate loan structures.
• Prepare comprehensive credit packages, present loan recommendations, and participate in loan committee meetings.
• Provide financial management and technical assistance to nonprofit organizations as needed.
• Ensure accurate and timely preparation of loan documentation, including the perfection of security interests.
• Manage loan servicing responsibilities, including monitoring loan performance, following up on past-due payments, responding to borrower inquiries, maintaining current borrower information, and ensuring compliance with lending policies and procedures.
• Identify emerging portfolio risks and recommend appropriate actions to the Loan Fund Director, including loan restructuring, charge-offs, or legal action when necessary.
• Collaborate with the Loan Fund Director to advance lending goals, program priorities, and community impact.
• Lead at least one area of focus within the loan fund, helping shape lending strategies, practices, and loan product development.
• Support the professional growth of other lenders through mentorship, coaching, and knowledge sharing.
• Present training workshops to nonprofit organizations, conferences, and other learning opportunities.
• Other duties as assigned or required to meet business needs.

Qualifications

• Commitment to the organization’s mission, vision, and values.
• Four plus years of experience in a role involving lending in community development, banking, or a public agency program.
• Strong understanding of nonprofit financial management and financial statements, including restricted and unrestricted funding, liquidity, and cash flow management.
• Experience analyzing nonprofit financial statements, assessing financial health, and evaluating an organization’s capacity to take on and repay debt.
• Knowledge of nonprofit funding models, including government contracts, earned revenue, and philanthropic support.
• Mastery of financial concepts and use of analytical tools including knowledge of financial requirements for lending.
• Broad-based knowledge of community resources and demonstrated knowledge and experience to provide hands-on assistance on various financial and nonprofit management topics.
• Ability to communicate and develop relationships with internal and external partners.
• Flexibility to work effectively both independently and in a team environment.
• Curiosity and aptitude for learning and mastering information and financial concepts.
• Commitment to applying a diversity, equity, inclusion, and accessibility lens to work processes, community engagement activities, and deliverables.
• Commitment to and previous involvement with nonprofit organizations, whether as a member of staff, board of directors, or in an advisory capacity.

Required Education/Experience

• Bachelor’s, advanced degree or 4+ years of relevant education and experience in finance, business administration, economics, accounting, nonprofit management, lending, CDFI, or a related field.
• Prior experience with financial management and user-level understanding of accounting and finance.

Preferred Experience

• Familiarity with the CDFI sector and community development financing programs.
• Experience with the CDFI Fund's Bond Guarantee Program and/or New Markets Tax Credits (NMTC) is a plus.

Salary Range

$95,000 – 100,000 annually. Excellent benefits package includes medical, dental, life, and disability insurance along with generous and paid time of policies.

Work Environment

We are committed to supporting staff to be successful by offering a hybrid work environment, including the option of working remotely part of the time. If you need accommodation or other support related to cognitive or physical disability, please let us know. We will work with you to provide reasonable accommodation within the organization’s capacity.

Some travel may be required as part of this role.

Apply

Interested candidates should send a cover letter and resume to Gao Lee at hiring@propelnonprofits.org by Monday, November 30, 2026. Please type “Sr. Loan Officer and Financial Specialist – [your name]” in the email subject line.