Career Opportunities
Oak Street Funding, an Equal Opportunity Employer, is always looking for talented individuals to join our team
and contribute to the Company's overall success. We provide competitive compensation and benefits and the opportunity
to be part of a fast-paced, growing company. See below for a listing of our current career opportunities. Also,
as opportunities may change, you can contact HR directly to inquire or submit a resume for consideration
(HR@oakstreetfunding.com).
Available Positions
Commercial Lending Officer
Location: Carmel, Indiana
Schedule: Full-time
Position Description:
- Solicit and communicate with potential borrowers through various forms of direct communication including phone, email, and in person
- Market the various products to potential customers
- Perform initial review of loan applications to determine eligibility
- Structure commercial loan terms in accordance within established guidelines
- Work with various departments to ensure an efficient loan process for borrower
Requirements:
- Previous commercial lending or insurance experience preferred
- Detail oriented with excellent written and oral communication skills
- Proficient in Outlook, Word, Excel and Explorer
- Must be adaptable and capable of changing your sales process as needed
- Must be self motivated and ability to work in goal oriented structure
- Previous phone sales experience
- College degree or comparable business experience
Loan Servicer
Location: Carmel, Indiana
Schedule: Full-time
Position Description:
- Service Oak Street Funding's loan portfolio on a monthly basis
- Provide reports to management regarding the servicing of the loan portfolio
- Follow up with customers as necessary
- Provide support to Oak Street Funding's underwriting and sales departments
- Monitor adherence to federal and state regulations
- Assist with mentoring new employees
- Other duties as requested by Senior Management
Requirements:
- Minimum two years experience in insurance related field preferred
- Proficient in Microsoft Excel
- Ability to read and comprehend insurance commission statements
- Strong analytical and problem solving skills
- Basic math aptitude
- Organized with the ability to multi-task
- Detail and results oriented
- Excellent written and verbal communication skills
Business Development Manager/Director
Location: Carmel, Indiana
Schedule: Full-time
Position Description:
- Researching actively for potential clients & partners
- Pursuing and maintaining new business relationships
- Understanding and obtaining the needs of the clients
- Preparing various presentations, coordinating partner meetings, and regularly attending trade shows, conferences and events
- Following up with partners continuously and responding to their inquiries
- Prepare business development strategies according to the needs of each partner as aligned with the strategic goals of Oak Street Funding
- Securing business opportunities by cultivating mutually beneficial business relationship with current and potential clients
Requirements:
- Minimum five years of B-to-B sales experience with concentration in commercial lending and/or the insurance industry with proven ability to close large strategic deals
- Existing network of relationships with agencies and carriers preferred
- Ability to aggressively prospect and build new client relationships
- Ability to nurture, grow and retain existing client relationships
- Strong articulate writer/speaker/presenter/relationship-builder with a creative ability to represent the company's value proposition as it relates to the prospective client's business
- Detail oriented with strong organization skills. Understanding and use of project management methodology is expected
- Possess a strong business and social acumen which is effective in interactions with internal team members and external partners. Must be entrepreneurial & self motivated with the ability to work in a fast-paced goal oriented structure
- Position requires some travel
- Proficient in Outlook, Word, Excel, and Explorer
- Minimum of a bachelor's degree or equivalent experience
Senior Business Loan Advisor
Location: Carmel, Indiana
Schedule: Full-time
Position Description:
- Manage a portfolio of commercial lending relationships including financial statement review, credit analysis, financial ratios, cash flow review, and deal structuring
- Develop relationship with potential borrower and manage relationship to point of underwriting
- Act as front line contact with potential borrowers to determine what documents are necessary based on the structure of the loan and credit risk, and then secure such documents for processing, underwriting, and closing
- Able to independently handle multiple, complex transactions at a time with little supervision
- Responsible for structuring complex credits
- Assure that all loans are priced correctly
- Focused on supporting sales through outbound and inbound sales calls, correspondence, and face to face meeting
- Administrative duties potentially include production reports, strategic planning and training
- Work with Processing, Underwriting and Servicing Personnel to ensure all loans are properly documented and processed
- Keep ahead of market trends in insurance arena, ensuring that Oak Street Funding is at the forefront of changes and trends
- Work with Marketing and Referral Partners as needed to maximize target efforts
- Make initial credit decisions to decline or forward to central underwriting for final approval
Requirements:
- Proven experience (minimum 5 years Commercial Lending including significant experience structuring loans from $1Million to $10 Million)
- Ability to structure loans while accurately reviewing and assessing business risk through financial statements; ratio calculations; and credit review
- Extensive knowledge of credit quality and risk based pricing
- Strong business development and relationship management skills - detail and results oriented
- Excellent verbal and written communication skills
- Organized with high level analytical and problem solving skills
- Bachelor's or Master's degree, or comparable business experience
- Strong PC skills
- Insurance industry experience a plus
- Ability to travel occasionally to prospective clients
Director of Underwriting
Location: Carmel, Indiana
Schedule: Full-time
Position Description:
- Hires, manages, directs, trains, and mentors a team of underwriters, processors, and closing coordinators.
- Manages the loan fulfillment process ensuring quality of loans, adherence with internal and external compliance requirements, meeting service level expectations to our clients, and meeting productivity standards for the operations team.
- Manages team within approved budget.
- Performs due diligence site visits at the prospective clients' and/or sellers agencies.
- Prepares and/or oversees comprehensive credit approval summaries for recommendation and presentation to the Loan Committee as required by credit policy.
- Manages loan pipeline daily to ensure that fulfillment process service levels are being met, along with employee productivity, quality, and compliance.
- Coordinates credit committee review meetings and preparation.
- Develops and maintains reports that show credit trends, team performance, and key business indicators as it relates to the fulfillment process and/or credit risk.
- Monitors industry for changes or trends affecting opportunity/risk and recommended policy and/or process changes to the Credit Committee.
- Maintains and updates Lending Manual ensuring all departments are consistently following policy. May also participate in communications with Credit Facilities to explain credit risk policies and processes.
- At times may be required to personally underwrite loans, being skilled at the following:
- Autonomously conducts financial, industry, and credit analysis including gathering, analyzing, and interpreting all types of credit information, including analysis of collateral at policy level detail; credit; structure; carriers; cash flow and other financial ratios.
- Reviews financial statements and all other relevant financial and non-financial data to develop a succinct analytical foundation for a credit decision.
- Determine loan creditworthiness through analysis of credit, cash flow, book of business, carrier contracts and financial statements.
- Projects profitability through detailed financial projections incorporating financial and non-financial issues.
- Ensures underwriting and structuring decisions reflect commitment to strong asset quality.
- Oversees and has responsibility for implementing strategic and tactical initiatives relative to the area of responsibility. Participates and supports other functional area initiatives as required.
- Works with other departments to help create client information regarding underwriting related processes and/or requirements.
- Works closely with the sales team to advise and structure potential loans.
- Periodically trains on underwriting topics and processes.
- Adheres to federal and state regulatory requirements, keeping current on pending and implemented legislation.
- Other duties as defined by management.
Requirements:
- Bachelor's degree in accounting, finance or economics or equivalent experience in credit analysis and/or loan review.
- Prior experience of at least five years in Commercial Banking & Underwriting is required with extensive experience underwriting loan amounts of $1 million to $20 million.
- Minimum of 5 years managerial experience, preferably in a central operations-loan fulfillment center environment.
- Comprehensive understanding of general economic theory as it relates to the lending and business.
- Advanced knowledge of credit analysis, underwriting, administration policies and procedures with the ability to analyze risk and make appropriate recommendations to credit policy. Understands the need to balance business development with asset quality.
- Working knowledge of commercial lending and the associated federal, state, and regulatory requirements.
- Ability to organize, implement, and manage performance metrics in productivity, quality, and required service levels. Skilled in production dynamics, systems, and reporting.
- Highly developed verbal and written communications skills with the ability to effectively present to senior management in a clear, concise, and professional manner.
- Demonstrated leadership skills with the ability to set strong examples for subordinates.
- Effective in personnel development and coaching.
- Effective in creating strong relationships with sales management, sales team and other company departments to achieve company results, never compromising quality.
- Proficient computer skills including but not limited to Microsoft Office with emphasis in Word, Excel, Power Point and web research.
- Understanding and experience with the insurance industry is a plus, but not required.
- Ability to travel. 5%-10%
To apply: Submit your resume and cover letter to Human Resources via email at HR@oakstreetfunding.com. Or you can fax your information to 317-805-2490. Our mailing address is: Oak Street Funding 11350 N Meridian, Suite 600 Carmel, IN 46032
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