Job opening

Senior Loan Advisor


Under direction, performs and supervises others in the performance of the work involved in providing financial advice and counseling of individual property owners who have applied for various  property  and  home improvement grants and loans, the reviewing and/or processing of loans and grant applications, and the disbursement of funds; coordinates the work of the unit with other units and/or agencies; does other related work.

NOTE: The examples of work for this title are for illustrative purposes only.A particular position using this title may not perform all duties listed in this job specification.  Conversely, all duties performed on the job may not be listed.


  • Establishes the work program and procedures of the unit; assigns and reviews the work of assigned subordinate employees; schedules appointments with loan and grant applicants.
  • Reviews completed loan and grant applications in order to assure conformity with applicable guidelines, rules, regulations  and laws; certifies loan and grant applications for completeness, conformity  with  regulations, availability of funds and  other conditions applicable to the granting or denial  of  grants  and loans prior to final approval.
  • Reviews work procedures to improve operation and service to clients; maintains a working relationship with representatives of other units of the jurisdiction as well as federal, state, and local agencies.
  • Counsels clients regarding qualifications, responsibilities, loan conditions and repayment, household and income budgeting, and default procedures; explains  available grants and loans to property owners; advises owners on obtaining bids from contractors for work to be done.
  • Collects, compiles, evaluates and verifies  information on applicants financial  status and credit rating; prepares applications for loan or grant in accordance with  prescribed procedures; may obtain FHA or other approved appraisal when necessary; verifies ownership of property, owners employment, income bank deposits and liabilities.
  • Acts as intermediary between lending institution and client  in all  matters regarding granting and repayment of loan;may interpret or refer for inspection,  improvement work being performed to ascertain compliance with contract terms; in cases where  progress payments  are made, issues checks payable  to borrow, grantee or contractor at agreed upon point.
  • Prepares necessary reports and correspondence.
  • Maintains records and files.
  • Will  be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency,office, or related units.



Four (4) years of experience in the review and approval of applications for consumer, real estate and/or commercial loans or credit or in the preparation and processing of loan and/or grant applications or in providing financial counseling and credit analysis to grant or loan applicants.


Appointees will be required to possess a driver's license valid in NJ only if the operation of a vehicle, rather than employee mobility, is necessary to perform essential duties of the position.


  • Knowledge of office methods relevant to the work of the unit.
  • Knowledge of the problems involved in planning the details of an established work program and in giving suitable assignments  and instructions to individuals.
  • Knowledge of composing appropriate letters.
  • Knowledge of preparing reports.
  • Knowledge of supervising the establishment and maintenance of records and files.
  • Knowledge of the criteria used in the review and approval/disapproval of applications for government guaranteed loans or grants in aid.
  • Knowledge of all forms necessary for a loan settlement and a loan closeout.
  • Knowledge of appropriate loan/grant program to recommend for a client.
  • Knowledge of the contents of complete application package.
  • Knowledge of correctly completed disclosure statements and recision forms.
  • Knowledge of when additional funds can be disbursed from escrow account.
  • Ability to interview potential applicants for rehabilitation program.
  • Ability to verify and analyze financial conditions of applicant.
  • Ability to recognize  applicants eligible for rehabilitation program.
  • Ability to evaluate applicant's credit.
  • Ability to counsel applicants on loan delinquencies and debt payment.
  • Ability to recommend financial applications for approval.
  • Ability to evaluate loan to value ratios and calculate amount that can be loaned to a particular client.
  • Ability to comprehend office methods.
  • Ability to supervise work and develop effective work methods.
  • Ability to give assignments and instructions to individuals and groups.
  • Ability  to  perform difficult and technical work of a varied nature.
  • Ability to work harmoniously with subordinates, associates, superior  officers and with that portion of the public interested in or concerned with the work of the unit.
  • Ability to plan and revise procedures and methods.
  • Ability to prepare reports and correspondence.
  • Ability to supervise the establishment and maintenance of records and files.
  • Ability to utilize various types of electronic  and/or manual recording and information systems used by the agency,office, or related units.
  • Ability to read, write, speak, understand, and communicate in English sufficiently to perform  duties of this position. American  Sign  Language or Braille may  also  be  considered  as acceptable forms of communication.

Persons with mental or physical disabilities are eligible as long as  they  can  perform  essential  functions  of  the  job  after reasonable accommodation is made to their known limitations.   If the  accommodation  cannot be made because  it  would  cause  the employer undue hardship, such persons may not be eligible.

Please indicate that resume should be sent to: Allison Ladd, Deputy Mayor/Director at