Business Support & Lending Specialist

Business Support & Lending Specialist

Salary : $51,500-$56,500 Doe-Doq In Accordance With Tedd Policy Benefits : In Accordance With Tedd Policy

Summary : The person in this position will manage and market a loan program within a 13-county area, including development of loan policies and procedures; interpretation of SBA General Guidelines and other Federal, State, and Local regulations; and ensuring compliance. For all credit and loan activities, the Business Support & Lending Specialist works with the Loan Committee, a subcommittee of the Tri County Economic Development District (TEDD) Board of Directors. The Business Support & Lending Specialist reports to the Finance Manager. This is a permanent, benefits-earning, full-time position.

Essential Duties And Responsibilities :

• Administer the loan program, including loan origination, marketing, capital acquisition, collections, servicing, closing, and supervision of loan accounting.
• Analyze new loan requests, prepare loan documentation, carry out administrative duties of the Loan Program, and communicate effectively with the Loan Committee.
• Analyze business plans, financial statements, and projections; assess borrower cash flow to determine loan terms and feasibility.
• Prepare and present loan requests to the Loan Committee.
• Prepare and deliver internal financial and operational reports to the Executive Director, Loan Committee, and TEDD Board Of Directors.
• Provide or coordinate technical assistance for businesses financed through the program; obtain outside expertise for credit workouts or restructuring when needed.
• Provide technical assistance to prospective loan clients or business owners.