CDC Small Business Finance is a leading U.S. small business lender and award-winning nonprofit. Over the last four decades, CDC has provided more than $13 billion in loans to 11,000 entrepreneurs...and counting.

Unlike a traditional lender, we have the flexibility to offer affordable loans to a broader range of small business owners seeking financing for building purchases, major equipment and working capital, among other purposes.

As a non-profit organization, our mission is to support those who face the greatest obstacles in securing capital: women, minority and veteran-owned businesses. Our business loans have also played a critical role in bolstering economic development, helping create or preserve more than 180,000 jobs in California, Arizona and Nevada.

The Primary Function of The Payment Processor is responsible for setting up and managing financial transactions for the loan portfolio.  The individual will also generate monthly reports as needed in relation to payment processing and loan portfolio balances.    

Essential Functions

• Boards pertinent note information into payment tracking module of Ventures to set-up payment processing
• Sets up ACH for newly funded loans
• Processes loan payments (ACH NACHA import and manual entry of checks)
• Assists with depositing borrower payments to bank when needed
• Responsible for verifying accuracy of interest calculations for irregular payments
• Processes loan deferments
• Generates and sends monthly billing statements to borrowers
• Runs monthly for Line of Credit Paydown
• Generates and sends monthly billing statements to borrowers

• Minimum of 2 years experience in handling loan disbursement and payment transactions
• Experience with various types of principal and interest calculations
• Understanding of month-end reconciliation processes 
• Proficiency in Excel

Education

High School Diploma; college degree or coursework in Accounting preferred