Economic Development Loan Officer

2 months ago


Salem, Oregon, United States State of Oregon Full time
Job Description:

We are seeking a highly skilled Finance Officer - Loan Specialist to join our team at the State of Oregon. As a key member of our Business Finance Services Section, you will play a critical role in supporting the growth and development of Oregon businesses.

About the Role:

  • Administer and manage department finance programs, including direct loans, loan loss reserve accounts, loan guarantees, venture debt programs, and private activity bonds.
  • Analyze and manage financial requests, working with lending and economic development partners to recommend financing structures, apply appropriate Business Oregon programs, underwrite, and originate finance programs.
  • Build and maintain relationships with customers, including banks, economic development districts, cities, counties, department staff, and state and federal agencies.
  • Focus on outreach to the local community by participating in lender presentations and networking events to effectively market the department's finance programs.

Key Responsibilities:

  • Provide financial reviews for other sections of the department.
  • Support the banking sector by originating direct loans to fill gaps in access to traditional capital, fostering business growth and entrepreneurship, and creating living-wage jobs across Oregon.
  • Manage client relationships and work through collections and claims when necessary.

Requirements:

  • A Bachelor's degree in Business Administration, Economics, Finance, Accounting, or a related field.
  • Three years' experience analyzing and underwriting residential, commercial, or public sector loans; or three years' experience in economic or community development, project development, or as a business finance officer.

Preferred Qualifications:

  • A Bachelor's degree in other fields with an MBA, MPA, or MA in Management with an emphasis in general accounting, cost accounting, financial accounting, financial reporting, financial intermediation, finance, or marketing.
  • Two years' experience at the level of a business finance officer or senior loan officer.

About Business Oregon:

Business Oregon is the economic development agency for the state of Oregon. We work with communities and businesses to promote economic growth and development. Our mission is to invest in Oregon's businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy.

Business Finance Services:

Our Business Finance Services Section partners with businesses, financial institutions, local economic development groups, and technical service providers to aid with retention, expansion, and recruitment opportunities for Oregon-based businesses. We administer and coordinate various programs, including the Oregon Business Development Fund, Small Business Expansion Program, Credit Enhancement Fund, Industrial Development Revenue Bonds, Aggie Bonds, Entrepreneurial Development Loan Fund, Capital Access Program, Business Retention Services Fund, and the Oregon New Market Tax Credit Program.


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