Chief Lending Officer

1 month ago


Boston, United States Massachusetts Growth Capital Corporation (MGCC) Full time

Chief Lending Officer

Massachusetts Growth Capital Corporation - Charlestown, MA

Job Description:

Massachusetts Growth Capital Corporation (MGCC) is seeking a full-time Chief Lending Officer for its Commercial Lending Team. The position reports directly to the Interim President and CEO and works collaboratively with the Senior Management team. The primary function is to oversee the daily functions of the lending team and play a key role in the success of the lending strategy for MGCC.

Key Responsibilities:

  1. Manage, build, coach, and maintain a staff of Commercial Loan Officers and work closely with the credit department and Senior Management.
  2. Implement established lending strategies to promote growth and achieve acceptable levels of profitability in the loan portfolio, while minimizing credit losses, and ensuring proper risk/reward in pricing and structure.
  3. Ensure loan presentations are prepared and delivered timely for appropriate levels of approval and with a strong emphasis on loan presentation cohesion and adherence to MGCC’s loan policy and underwriting guidelines.
  4. Direct business development and relationship building activities within the lending team.
  5. Develop a strong sales culture within the lending team to ensure goals are met.
  6. Oversee preparation and presentation of quarterly loan reviews, ensuring annual site visits to borrowers are performed by lenders.
  7. Call and visit borrowers, prospects, and referral sources to promote and sell MGCC’s products and services.
  8. Schedule periodic meetings and presentations with banks and other lending partners with lending team.
  9. Help develop, drive, and monitor the lending team's annual and long-term business plans.
  10. Establish and maintain direct involvement with the lending team's customers.
  11. Ensure that the lending products and terms are competitive and that products are priced to assure acceptable levels of profitability to the organization.
  12. Monitor and minimize loan delinquencies, credit exposures, and charge-offs; work with the credit department and Workout Officer as needed to support the workout process.
  13. Actively participate in community and economic development organizations and functions.
  14. Oversee the loan closing process with the lending team and outside counsel.
  15. Oversee the approval process for the lending team including presenting writeups to approval committees.

Qualifications:

  1. Bachelor’s degree in management, finance, or accounting from a four-year college or university; 5-7 years applicable experience.
  2. Experience leading and managing a lending team is preferred.
  3. Experience with mezzanine financing is preferred.
  4. Strong and comprehensive knowledge of commercial lending (C&I and CRE), including a solid understanding of underwriting and credit.
  5. Excellent leadership/management skills.
  6. Strong verbal and written communication skills.
  7. Good organizational and time management skills; ability to prioritize tasks.
  8. Good delegation skills.
  9. Thorough knowledge of loan documentation.
  10. Ability to remain calm and efficient under pressure to meet requirements and deadlines.

About Us:

Massachusetts Growth Capital Corporation (MGCC) was established in 2010 under Chapter 40W of the Massachusetts General Laws, as an independent quasi-public agency that is overseen by the Commonwealth’s Executive Office of Economic Development. MGCC is a resource for small businesses seeking growth capital devoted to making nontraditional business loans and administering grants by working with financial institutions, community development corporations and non-profits. Through these collaborations the agency helps create jobs and foster economic growth across Massachusetts.

Why Join Us:

  • Competitive salary and benefits package, including health, dental insurance, employer-paid life insurance, employer-paid vision insurance, employer-contribution retirement plan, paid vacation and a student loan paydown plan.
  • Hybrid schedule (2 days/week in Charlestown, MA office).
  • Opportunities for professional development.
  • A collaborative work environment.

How to Apply:

Interested candidates should submit their resume and a cover letter detailing their qualifications and experience to jobs@massgcc.com. Please include "Chief Lending Officer Application" in the subject line.

MGCC is an Equal Opportunity and Affirmative Action Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Job Type: Full-time

Benefits:

  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Retirement plan
  • Vision insurance

Schedule:

  • Monday to Friday

Ability to Relocate:

  • Charlestown, MA 02129: Relocate before starting work (Preferred)

Work Location: Hybrid remote in Charlestown, MA 02129

#J-18808-Ljbffr

  • Boston, United States Slone Partners Full time

    Slone Partners seeks a Chief Financial Officer for a novel and impactful medical device company in Boston, Massachusetts. Our client is positioned well in a growing market with significant clinical evidence driving their product to become a standard of care. The ideal Chief Financial Officer will lead the companys strategy for commercial scaling to gain...


  • Boston, United States Slone Partners Full time

    Slone Partners seeks a Chief Financial Officer for a novel and impactful medical device company in Boston, Massachusetts. Our client is positioned well in a growing market with significant clinical evidence driving their product to become a standard of care.The ideal Chief Financial Officer will lead the company’s strategy for commercial scaling to gain...


  • Boston, United States Slone Partners Full time

    Slone Partners seeks a Chief Financial Officer for a novel and impactful medical device company in Boston, Massachusetts. Our client is positioned well in a growing market with significant clinical evidence driving their product to become a standard of care.The ideal Chief Financial Officer will lead the company’s strategy for commercial scaling to gain...


  • boston, United States Slone Partners Full time

    Slone Partners seeks a Chief Financial Officer for a novel and impactful medical device company in Boston, Massachusetts. Our client is positioned well in a growing market with significant clinical evidence driving their product to become a standard of care.The ideal Chief Financial Officer will lead the company’s strategy for commercial scaling to gain...


  • boston, United States Slone Partners Full time

    Slone Partners seeks a Chief Financial Officer for a novel and impactful medical device company in Boston, Massachusetts. Our client is positioned well in a growing market with significant clinical evidence driving their product to become a standard of care.The ideal Chief Financial Officer will lead the company’s strategy for commercial scaling to gain...


  • Boston, Massachusetts, United States Samaritans Hope Full time

    Job SummaryWe are seeking a highly skilled and experienced Chief Administration Officer to join our team at Samaritans Hope. The successful candidate will be responsible for overseeing the organization's operations, financial management, and human resources function.This is a strategic and collaborative leadership role that requires a strong understanding of...


  • Boston, United States State of Massachusetts Full time

    The Executive Office of Veterans Services (EOVS) is a state agency whose mission is to be the primary advocate for all veterans in the Commonwealth and provide them with quality support services. To accomplish this, EOVS administers an array of progr Chief Information Officer, Officer, Project Management, Information, Operations, Chief

  • Chief Privacy Officer

    3 weeks ago


    Boston, Massachusetts, United States Commonwealth Care Alliance Full time

    Job SummaryThe Vice President, Chief Privacy Officer will serve as the enterprise-wide subject matter expert on all data privacy and security laws, regulations, contractual requirements, and standards. This role will oversee and manage the strategy, planning, implementation, oversight, auditing, monitoring, and ongoing operation of Commonwealth Care...


  • Boston, Massachusetts, United States Massachusetts School Building Authority Full time

    Job Title: Chief Financial OfficerMassachusetts School Building Authority is seeking a highly skilled Chief Financial Officer to join our team. The successful candidate will be responsible for ensuring strong financial controls and management to support the issuance of annual grants to Massachusetts public K to 12 schools.Key Responsibilities:Manage the...


  • Boston, Massachusetts, United States Exceeders Group LLC Full time

    About the job Chief Information OfficerThe Exceeders Group LLC is looking for an experienced Chief Information Officer to oversee all IT functions in the organization. You will be in charge of managing the organization's technology operations and the implementation of new IT systems and policies.ResponsibilitiesOversees IT operations.Leads team of IT...


  • Boston, Massachusetts, United States State of Massachusetts Full time

    Job Title: Chief Financial OfficerThe Department of Early Education and Care is seeking a highly skilled and experienced Chief Financial Officer to join our team. As a key member of our Executive Leadership Team, the CFO will be responsible for leading the financial management of the department, ensuring the effective and efficient use of resources, and...


  • Boston, Massachusetts, United States SDL Search Partners Full time

    About the role: Chief Financial Reporting Officer & Technical AccountingSDL Search Partners is seeking a highly skilled Chief Financial Reporting Officer to join their Finance Leadership Team in Cambridge. This role will work closely with the CFO to manage all Accounting, Finance, and Reporting functions.Key responsibilities include:Providing technical...


  • Boston, Massachusetts, United States Connexis Search Group Full time

    We are seeking a seasoned Chief Executive Officer to drive our company's growth and success.The ideal candidate will have a proven track record in securing significant funding for biotechnology startups, particularly in RNA therapeutics or life sciences tools sectors.Key responsibilities include:Leading the company's fundraising efforts to propel its mission...


  • Boston, United States Escalon Services, Inc. Full time

    Chief Financial OfficerDepartment: Recruiting Done Employment Type: Full Time Location: Boston Compensation: $300 - $350 / year Description Our client supports contact center technology and customer-engagement solutions for Fortune 500 companies worldwide, with thousands of successful deployments across every major industry. They offer strategies for fast...


  • Boston, Massachusetts, United States Mass Inc Full time

    Job Title: Assistant Chief Information OfficerThe Commonwealth of Massachusetts is seeking an exceptional individual to join the Executive Office of Health and Human Services (EOHHS) Information Technology Executive Team as the Assistant Chief Information Officer (ACIO) for the Department of Public Health (DPH).Job Summary:The ACIO for DPH will report...

  • Chief Medical Officer

    4 weeks ago


    Boston, Massachusetts, United States Fenway Health Full time

    Job SummaryFenway Health seeks a highly skilled and experienced Chief Medical Officer to lead its clinical operations and drive quality, safety, and patient experience initiatives. The ideal candidate will have a deep understanding of primary care and multidisciplinary clinical environments, with a proven track record of advancing innovative care models that...


  • Boston, United States Associated Banc-Corp Full time

    At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you. We invite you to view the opportunity below. The Business...


  • Boston, Massachusetts, United States Bridge Over Troubled Water Full time

    Job SummaryThe Chief Technology Officer will oversee the development and implementation of the company's IT systems and infrastructure, ensuring seamless integration and optimal performance.Key Responsibilities:Develop and implement IT strategies to support business objectives.Lead the IT team in the design, development, and deployment of IT systems and...


  • boston, United States Gilbert Meher Full time

    Job Title: Chief Marketing Officer (CMO)Location: Boston, MassachusettsAbout Us:Our client is an innovative AI healthcare business that has just secured Series B funding, positioning them for exponential growth. Their mission is to revolutionize patient care through cutting-edge artificial intelligence solutions, enhancing outcomes for healthcare providers...

  • Chief Legal Officer

    2 weeks ago


    Boston, United States Senné Full time

    About Senné Senné is an industry leading real estate advisory and investment firm operating in most of coastal New England and beyond. Headquartered along Boston's historic Waterfront, our work has reached to Washington DC, New York, Rhode Island, and New Hampshire and our team has grown to more than 150+ professionals. We're in the business of...