TRI COUNTY ECONOMIC DEVELOPMENT DISTRICT

JOB DESCRIPTION

JOB TITLE: 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.

Tri County Economic Development District

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