Vice President – Lending

Role Overview

• Originate, evaluate, underwrite, structure, and process small business loans, loan guarantees, and other credit products that support MassDevelopment's economic development mission.
• Meet with prospective borrowers and lending partners to assess financing needs, analyze financial condition and credit risk, and recommend appropriate lending solutions.
• Analyze financial statements, cash flow, collateral, and other risk factors; prepare written credit recommendations and present financing requests to delegated approval authorities.
• Structure loan and guarantee transactions in accordance with credit policies, program requirements, risk tolerances, and regulatory standards.
• Manage transactions through the full lending lifecycle, including application review, underwriting, approval, documentation, closing, servicing, renewals, and modifications.
• Collaborate with Business Development, Credit, external lenders, and other stakeholders to identify opportunities, structure transactions, and expand access to capital for small businesses.
• Develop and maintain relationships with borrowers, lending institutions, referral sources, and community partners, with a focus on supporting mission-driven lending initiatives and underserved communities.
• Monitor portfolio performance, including covenant compliance, risk ratings, borrower performance, and ongoing credit quality, while maintaining accurate loan documentation and credit files.
• Utilize Agency systems and technology to process applications, maintain records, coordinate closings, and support reporting requirements.
• Identify opportunities to improve underwriting processes, workflow efficiency, and credit decision-making practices while staying current on industry trends, lending programs, and regulatory requirements.

Requirements

• Bachelor’s degree in Finance, Business Administration, Accounting, or a related field; equivalent combination of education and relevant lending or credit experience will be considered.
• Experience in commercial credit analysis, underwriting, small business lending, loan guarantees, or related lending programs, with a strong understanding of financial statement analysis, cash flow analysis, and credit risk assessment.
• Demonstrated ability to structure and evaluate lending transactions, prepare clear credit recommendations, and apply sound judgment in risk-based decision-making.
• Strong analytical, problem-solving, and organizational skills with the ability to manage multiple priorities, maintain accurate documentation, and support effective lending processes.
• Experience developing and improving workflows, managing pipelines, and identifying opportunities to enhance operational efficiency.
• Strong written and verbal communication skills with the ability to collaborate effectively across teams and build relationships with borrowers, lenders, and community partners.
• Proficiency with Microsoft Excel and financial analysis tools; experience with loan systems and reporting platforms is a plus.
• Ability to work collaboratively in a team environment while managing independent responsibilities.
• Credit training certification or equivalent credit experience preferred.
• Experience working with banks, Community Development Financial Institutions (CDFIs), Certified Development Companies (CDCs), or other mission-driven lending organizations preferred.
• Commitment to advancing equitable access to capital and supporting MassDevelopment’s mission-driven lending programs.

Benefits

• Medical, dental, and vision insurance to support you and your family
• Robust 401(a) and 457(b) plans with agency match
• Vacation, sick time, personal days, and holidays
• Hybrid work options to support balance and integration
• Tuition reimbursement, student loan assistance, and opportunities for continued learning
• Resources and programs to help you thrive personally and professionally