Loan Administrator

Vermont Community Loan Fund
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Location: Washington County,
About the Job

The Vermont Community Loan Fund (VCLF) is a nonprofit financial institution that provides loans and other resources to local businesses, community organizations & nonprofits, early care & learning providers and developers of affordable housing. We develop and promote innovative capital-based solutions to issues of poverty and opportunity. With over $50 million in assets, VCLF is Vermont’s largest Community Development Financial Institution (CDFI). VCLF is a mission-driven lender, creating opportunities that lead to healthy communities and financial stability for all Vermonters. Learn more at

VCLF is hiring a Loan Administrator. This position will work in all aspects of loan processing and servicing, and is an opportunity to learn about how financial services such as lending impact social and economic justice. A candidate for this position may be just entering the workforce or looking for a career change; VCLF will provide all necessary training.

Duties & Responsibilities: 

  • Serves as the first point of contact for individuals interested in VCLF’s programs alongside other members of the administrative team.
  • Prepares materials and documents for loan origination, closing and servicing.
  • Sets up borrowers’ files and keeps borrower files up to date and professional.
  • Enters borrower loan in loan servicing database.
  • Prepares, tracks and files loan security documents.
  • Tracks the annual receipt of financial statements.
  • Prepares routine status reports on all loans.
  • Performs routine servicing of borrower accounts, including following up on delinquent borrowers and collecting payments.
  • Informs Lending team of problem loans.
  • Prepares routine status reports on all loans.
  • Reviews and acts on portfolio compliance issues as they arise.
  • Coordinates semi-annual loan portfolio monitoring.
  • Assists loan programs as needed.
  • Organizes monthly or ad hoc Loan Committee meetings,
  • Records and types minutes of Internal and External Loan Committee meetings.
  • Conducts monthly credit reporting in conjunction with other lending team staff.
  • Assist the Director of Business and Early Care & Learning Programs and Director of Housing & Community Facility Programs with lending activities as assigned.

Successful Knowledge, Skills, and Abilities for this Position:

  • Associates degree and/or one year minimum of commensurate experience in the lending field or administrative setting.
  • Excellent customer relationship skills with a strong desire to engage and establish relationships with current and potential borrowers.
  • Demonstrated ability to work within deadlines and keep a sense of humor.
  • High degree of organizational skills, strong attention to detail, and manage multi-tasking.
  • Able to work independently and collaboratively.
  • Strong analytical and problem solving skills.
  • Effective writing and phone skills.
  • Computer and database skills.
  • Working in a team environment.

Desired Knowledge, Skills, and Abilities for the Position:

  • Loan packaging or loan servicing, insurance or paralegal experience desired.
  • Commitment to social and economic justice.
  • Desire to grow and advance with the organization as it grows.

Diversity, justice, and inclusion are key values within VCLF. We are committed to building and sustaining an inclusive, equitable working environment for our staff. We believe every member of our team enriches our diversity by exposing us to a broad range of ways to understand and engage with the world, identify challenges, and to discover, design, and deliver solutions.

VCLF is an equal opportunity employer. This position is a 40 hour per week, non-exempt position, with many benefits including health, retirement with employer match and generous paid time off. Beginning hourly wage is $23.00 – $27.00. Compensation will reflect level of relevant experience.

TO APPLY: Please submit a cover letter and resume to: or VCLF, PO Box 827, Montpelier, VT 05601.

Employer's Approach to Diversity, Equity, & Belonging

One of the most exciting developments in 2022 was the launch of our newest collaboration: the Justice Forward Fund. VCLF's mission is to create access to capital for ALL Vermonters.

We recognize the injustice and inequity perpetrated by the legacy of systemic racism in financial systems, in America, and in Vermont. We are committed to building new pathways to move capital to those who have been historically, systemically disenfranchised and denied access to opportunity.

Through the Justice Forward Fund, we direct a portion of our impact investment capital to serving Vermonters traditionally and generationally excluded from conventional financial markets and services:
• Black Vermonters
• Indigenous Vermonters, and
• Vermonters of Color

In an effort to preserve wealth within the communities we're seeking to serve, and make Justice Forward Fund financing as equitable and available as possible, the Fund has the following unique characteristics that differentiate it from other VCLF loan programs:
• A streamlined loan application
• No fees
• No credit score requirement
• No minimum collateral requirement
• Interest rates between 0 - 3%

More information can be found here:

Wage or Salary
Beginning hourly wage is $23.00 - $27.00. Compensation will reflect level of relevant experience.