Cannabis Equity Business Loan Administrator
About The Position
The Cannabis Equity Business Loan Administrator manages the day-to-day operations of the Equity Business Loan Fund and its collaboration with a Community Development Financial Institution (CDFI). The role oversees application intake, review and processing, funding disbursements, applicant communications, compliance, recordkeeping, performance assessment, and annual reporting. The administrator supports applicants and borrowers throughout the loan and grant process, including help with financial documentation and business plans, referrals to business development and financial counseling resources, and post-loan support. The role conducts financial analyses and risk assessments, collaborates with underwriting teams or committees, recommends loan terms, monitors portfolio performance, and identifies risks. The position also promotes the fund and builds relationships with community organizations, financial institutions, and local governments. It prepares reports on fund activity and impact, supports audits and funder reporting, and ensures regulatory compliance, confidentiality, and data integrity. Other duties include following workplace safety requirements, reporting unsafe conditions and work-related incidents, and participating in incident investigations.
Requirements
- Knowledge of community lending, small business finance, and economic development principles.
- Knowledge of loan underwriting, portfolio management, and compliance standards.
- Knowledge of barriers to capital access for underserved populations and grant and fund management practices.
- Strong financial analysis, reporting, and documentation review skills.
- Excellent communication and interpersonal abilities.
- Proficiency in loan management systems and financial software.
- Project management and organizational skills.
- Ability to build trust with diverse communities and stakeholders.
- Ability to navigate complex regulatory and compliance environments.
- Ability to work independently and collaboratively across teams.
- Ability to adapt to changing program needs and priorities.
- Minimum of 4 years of experience in loan fund administration, financial services, mission-driven finance, and/or economic development.
- Experience working with underserved communities and small businesses.
Nice To Haves
- Bachelor’s degree in Finance, Accounting, Business Administration, Public Administration, Economics, or a related field, or an equivalent combination of education and professional experience.
- Master’s degree, or equivalent experience, in accounting, finance, business administration, public administration, economic development, or community development finance.
Responsibilities
- Manage day-to-day operations of the Equity Business Loan Fund and its CDFI collaboration.
- Oversee loan application intake, review, processing, disbursements, and applicant communications.
- Ensure compliance with fund guidelines, underwriting standards, and regulatory requirements.
- Maintain accurate records of approvals, funding timelines, disbursements, repayments, borrower compliance, and fund communications.
- Assist with loan fund performance evaluation and assessment and preparation of the annual report.
- Guide applicants through the loan and/or grant process.
- Assist clients in preparing financial documentation and business plans.
- Refer clients to business development resources and financial counseling as needed.
- Monitor borrower progress and provide post-loan support.
- Conduct financial analyses and risk assessments of loan applications.
- Collaborate with underwriting teams or committees to evaluate loan eligibility.
- Recommend loan terms and conditions based on client capacity and fund policies.
- Track portfolio performance and identify potential risks.
- Promote the loan fund through outreach events, workshops, and marketing campaigns.
- Build relationships with community organizations, financial institutions, and local governments.
- Advocate for equitable access to capital and inclusive lending practices.
- Collect stakeholder feedback to improve fund accessibility and impact.
- Prepare regular reports on fund performance, grant and loan activity, and impact metrics.
- Ensure compliance with federal, state, and local regulations.
- Support audits, evaluations, and funder reporting requirements.
- Maintain confidentiality and data integrity.
- Follow workplace safety regulations and applicable standards, processes, and programs.
- Report unsafe work conditions to a supervisor.
- Immediately report work-related incidents to a supervisor and participate in accident investigation requests.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
