Finance Professional for Corporate and Small Business Development
3 weeks ago
We are seeking a highly skilled Finance Professional to join our team at the City of Boston. This role will provide analytic and programmatic support to the Boston Local Development Corporation (BLDC) and the Boston Industrial Development Financing Authority (BIDFA), as well as other economic development programs and projects.
Key Responsibilities- Coordinate office operations and provide administrative support to the department, performing day-to-day office administration of all department functions.
- Establish, maintain, and update files and financial forms, both electronic and paper, and locate and retrieve materials.
- Manage the receipt of BLDC applications and perform portfolio management tasks such as assisting in the collection of unpaid BLDC loans.
- Set up and maintain department record-keeping systems, collect and verify data, and enter it into system(s) as appropriate.
- Meet with Boston businesses to market products and programs, partner with conventional, non-profit, and quasi-public funding sources to leverage existing loan facilities, and aid in economic development and job creation through the funding of small businesses.
- Interact directly with applicants, consultants, business district managers, and technical assistance providers to work towards improving the creditworthiness underlying marginal BLDC commercial loan applicants.
- Assemble and prepare all relevant materials and perform analyses required for BLDC board review, compile BLDC board packages, and prepare pro forma operating statements, sources and uses of funds statements, credit reports, industry background information, collateral asset protection charts, and debt service coverage analysis.
- Participate in all BLDC and BIDFA board meetings, take notes, assist in preparation of materials for distribution and presentation to each board, schedule board meetings, contact board members regarding attendance, and assist in development of the meeting agenda.
- Assist in the maintenance of the BLDC and BIDFA loan portfolios, including reviewing, updating, and summarizing existing portfolio credit file documents and outstanding bond issues, conduct site visits or contact clients by telephone or in writing to obtain information to update loan and bond files, perform credit analysis of existing BLDC portfolio accounts, identify at-risk assets, make credit recommendations to senior staff, and arrange custom workouts with troubled accounts to assist distressed borrowers and protect BLDC assets.
- Assemble data and prepare reports on portfolio and Corporation's activities for governmental agencies and internal use.
- Service existing loan, bond, and lease portfolios by performing tasks such as review of semi-annual employment progress reports, monitor documentation of insurance, and perform other related duties as required.
- Bachelor's degree in Finance, Business Administration, or equivalent.
- More than two years of directly related experience with credit analysis, financial analysis, and customer service.
- Working knowledge of Microsoft Office (Excel, Word, and Access) and Google Suite.
- Experience with cloud platforms.
- Bilingual/Multilingual abilities in Mandarin/Cantonese/Haitian Creole/Cape Verdean Creole/Portuguese are a plus.
BOSTON RESIDENCY REQUIRED
Terms: Union/Salary/Grade: EXM/($55,000 - $77,000) Hours per week: 35
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