Social Equity Council Loan Officer

Social Equity Council Loan Officer

Economic And Community Development Agent

Recruitment # 251118-2496AR-001

Location Hartford, CT

Date Opened 11 / 21 / 2025 12 : 00 : 00 AM

Salary $86,068

• $110,931 / year (
• Employees new to state service start at the minimum)

Job Type Open to the Public

Close Date 12 / 5 / 2025 11 : 59 : 00 PM

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Introduction

Are you passionate about a career in public service?

Do you want to grow and build in a collaborative team while establishing statewide policies and work on ground-breaking issues?

We invite you to please read below and apply today!

The State of Connecticut () , Social Equity Council (SEC () ) is seeking a skilled and experienced individual to join our team as our SEC Loan Officer (Economic And Community Development Agent) () . The SEC is located in Hartford, and is housed at the Department of Economic and Community Development (DECD) for administrative purposes.

W HAT WE CAN OFFER YOU

Visit our State Employee Benefits Overview () page!

Professional growth and development opportunities

A healthy work / life balance () to all employees

POSITION HIGHLIGHTS

Hybrid.

First Shift.

Full Time, 40 hours per week.

Monday - Friday.

First Shift.

Location : 450 Columbus Boulevard in Hartford.

THE ROLE

The SEC Loan Officer will work with SEC staff and Social Equity Entrepreneurs to implement financial assistance programs within the Connecticut cannabis industry and provide stakeholders guidance and support through the SEC financial assistance programs. This role is critical in supporting our mission to promote equitable economic prosperity and reinvest in communities impacted by the war on drugs.

Duties include but are not limited to :

Determining eligibility for program participation in compliance with policies.

Advising management on the approval status of applications.

Communicating with applicants to secure necessary documentation and resolve outstanding issues.

Maintaining meticulous records and notes regarding underwritten loans and decisions made.

Working within a collaborative team environment to strategize on risk management.

Preparing comprehensive loan application packages, ensuring all documentation is accurate and complete.

Explaining policies and guidelines clearly, fostering trust and transparency with our applicants and stakeholders.

Analyzing and evaluating commercial loan applications, financial statements, and credit reports to assess creditworthiness of businesses.

Preparing detailed credit analyses and recommendations for loan approvals or denials.

Ensuring compliance with agency policies, state regulations, and lending industry standards.

Monitoring and reviewing existing loan portfolios for potential risks or opportunities.

Assisting in the development and implementation of credit policies and procedures.

Participating in special projects and initiatives related to social equity in commercial lending.

Monitoring, tracking and reporting on project progress and performance.

Developing project reports.

Other related duties as assigned by supervisor.

The ideal candidate will possess a solid understanding of commercial lending practices and the underwriting process and policies. They should demonstrate strong interpersonal and communication skills, with the ability to build rapport effectively. A proactive, results-oriented mindset is essential, along with excellent organizational abilities to manage multiple tasks efficiently. The candidate should also bring strong analytical and decision-making skills, and be adept in both written and verbal communication.

ABOUT US

The mission of SEC is to promote and encourage full participation in the cannabis industry by people disproportionately harmed by cannabis prohibition and enforcement, and to support broad-based economic development in those communities. SEC is led by an Executive Director and is overseen by a council comprising of appointees by the legislature, Governor, and other elected officials. SEC is housed for administrative purposes only within DECD.

SEC is responsible for overseeing the verification of social equity applicants, as defined in law, creating new programs to support both cannabis businesses and businesses in other industries, and managing the more general community investments derived from cannabis tax revenue. SEC works closely with multiple Connecticut agencies and partners, including DECD and the Department of Consumer Protection (DCP), to carry out its duties.

Watch the video below to see what it's like to be a State of Connecticut employee!

Selection Plan

FOR ASSISTANCE IN APPLYING :

Check out our Applicant Tips on How to Apply () ! Need more resources? Visit our Applicant Toolkit () for additional support throughout the recruitment process.

BEFORE YOU APPLY :

Meet Minimum Qualifications : Ensure you meet the Minimum Qualifications listed on the job opening by the job closing date. You must specify your qualifications on your application. The minimum experience and training requirements listed must be met by the close date on the job opening, unless otherwise specified.

Educational Credits : List your earned credits and degrees from accredited institutions accurately on your application. To receive educational credits towards qualification, the institution must be accredited. If the institution of higher learning is located outside of the U.S., you are responsible for providing documentation from a recognized USA accrediting service which specializes in determining foreign education equivalencies to the contact listed below by the closing date listed on the job posting.

Resume Policy : Per Public Act 21-69 () , resumes are not accepted during the initial application process. As the recruitment process progresses, candidates may be required to submit additional documentation to support their qualification(s) for this position. This documentation may include : a cover letter, resume, transcripts, diplomas, performance reviews, attendance records, supervisory references, licensure, etc., at the request and discretion of the hiring agency.

Preferred Shift / Location : Select all location(s) and shift(s) you are willing to work on your application. Failure to do so may result in not being considered for vacancies in that specific location or shift.

Timely Submission : All application materials must be received by the job posting deadline. You will be unable to make revisions once you officially submit your application to the State. Late submissions are rarely accepted, with exceptions only for documented events that incapacitate individuals during the entire duration of the job posting. Request exceptions by emailing DAS.SHRM@ct.gov.

Salary Calculations : For current state employees, salary calculations are not necessarily comparable from one of the three branches of state government (i.e., Executive, Legislative, Judicial) to the other.

Note : The only way to apply to this posting is via the ‘Apply’ or ‘Apply Online’ buttons on the official State of Connecticut Online Employment Center job posting.

AFTER YOU APPLY :

Referral Questions : This posting may require completion of additional Referral Questions (RQs), which must be completed by the questionnaire’s expiration date. If requested, RQs can be accessed via an email sent to you after the job close date or by visiting your JobAps Personal Status Board (Certification Questionnaires section).

Prepare For An Interview : Interviews are limited to those whose experience and training are most aligned with the role. To prepare, review this helpful Interview Preparation Guide () to make the best impression!

Stay Connected! Log in daily to your JobAps Personal Status Board to track your status and check email (including spam / junk folders) for updates and tasks.

The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class.

Note : This position will be filled in accordance with contractual language, reemployment, SEBAC, transfer, promotion and merit employment rules. Candidates who are offered and accept a position with the State of Connecticut are bound by the State Code of Ethics for Public Officials and State employees, available at www.ct.gov / ethics () .

QUESTIONS? WE’RE HERE TO HELP :

Due to high volume, we are unable to confirm receipt or provide status updates directly. For recruitment updates, please check your Personal Status Board and review our Frequently Asked Questions. If you have additional questions about the recruitment process, reach out to Brittney Woodley at brittney.woodley@ct.gov. Join the State of Connecticut and take your next career step with confidence!

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Departments of Economic and Community Development and Housing this class is accountable for independently performing a full range of tasks in developing and promoting economic and community development programs.

EXAMPLES OF DUTIES

Promotes and coordinates economic, housing and community development activities and programs;

Advises municipalities in developing comprehensive community development plans;

Establishes and maintains contacts with and provides technical assistance to businesses and industries within and outside state;

Performs specialized analyses and evaluations for development of standardized data and specific forecasts, performance indicators and preparation of statistical information needed to meet guidelines and requirements of funding agencies;

Establishes and maintains contact with customers;

Advises customers undertaking community development activity;

Assists businesses and industries locating or expanding operations in Connecticut;

Identifies economic, housing and / or community development resources available to businesses and industries and coordinates services;

Reviews plans and proposals for conformity with statutory, regulatory and department requirements;

Identifies and assesses customer needs and evaluates customer financial capacity and reliability;

Acts as liaison between customers, business and financial organizations and government agencies;

Conducts feasibility reviews;

Underwrites proposals and makes appropriate recommendations;

Negotiates financial packages with customers relying on municipal, state, federal and private resources and programs;

Advocates on customer behalf requests for financial assistance and or related services;

Coordinates and tracks proposals through departmental approval process;

Prepares commitment letters, financial, statistical and administrative reports as needed;

Assesses, develops and / or promotes domestic and international markets for Connecticut products;

Develops and promotes Connecticut as a destination for business to out of state and international customers;

Coordinates a marketing or promotion program;

Develops, coordinates and conducts workshops, conferences and seminars to promote business development assistance;

Assists communities in planning and developing housing, industrial parks and promoting business development;

Provides technical assistance in grant application;

May negotiate leasing or other contractual agreements for business opportunities of state owned facilities;

May monitor and support business activities to maximize benefits of negotiated agreements;

May monitor work performance of consultants;

May monitor programs to ensure compliance;

Performs related duties as required. ()

KNOWLEDGE, SKILL AND ABILITY

Knowledge of

local, state and federal economic, housing and community development programs and resources;

local, state and federal laws, regulations and policies pertaining to economic, housing and community development;

budgetary and financial principles and practices;

planning principles and practices;

comprehensive community development principles and practices;

industry practices, markets and location issues;

economic development assistance programs and financing;

marketing principles and techniques;

Considerable

oral and written communication skills;

interpersonal skills;

Skill in planning, organizing and negotiating urban or economic and community development activities;

Ability to

establish and maintain effective working relationships;

utilize computer software;

Supervisory ability.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Six (6) years of professional experience in corporate marketing and business development or business experience including residential and / or commercial financing to include leverage financing, strategic planning, financial planning and analysis or project management experience with industrial, environmental, housing or community development projects to include public financing or experience in urban planning and development.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been at the level of Assistant Economic and Community Development Agent.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1 / 2) year of experience to a maximum of four (4) years for a Bachelor's degree.

A Master’s degree in a related field may be substituted for one (1) additional year of the General Experience.

Successful completion of a Connecticut Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.

PREFERRED QUALIFICATIONS

Experience with financial analysis software and Microsoft Office suite.

Experience implementing commercial lending practices and regulatory requirements.

Understanding of social equity principles and their application in finance.

SPECIAL REQUIREMENTS

Incumbents in this class may be required to travel.

Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.

Conclusion

AN AFFIRMATIVE ACTION / EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity / affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and / or responsibility.

Click on a link below to apply for this position :

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online