Social Equity Council Loan Officer (Economic And Community Development Agent) - #251118-2496AR-001

State of Connecticut•Hartford, CT

48d•Hybrid

About The Position

The State of Connecticut, Social Equity Council (SEC) is seeking a skilled and experienced individual to join our team as our SEC Loan Officer (Economic and Community Development Agent). The SEC is located in Hartford, and is housed at the Department of Economic and Community Development (DECD) for administrative purposes. The SEC Loan Officer will work with SEC staff and Social Equity Entrepreneurs to implement financial assistance programs within the Connecticut cannabis industry and provide stakeholders guidance and support through the SEC financial assistance programs. This role is critical in supporting our mission to promote equitable economic prosperity and reinvest in communities impacted by the war on drugs.

Requirements

solid understanding of commercial lending practices and the underwriting process and policies
demonstrate strong interpersonal and communication skills, with the ability to build rapport effectively
A proactive, results-oriented mindset is essential, along with excellent organizational abilities to manage multiple tasks efficiently
strong analytical and decision-making skills
adept in both written and verbal communication
Six (6) years of professional experience in corporate marketing and business development or business experience including residential and/or commercial financing to include leverage financing, strategic planning, financial planning and analysis or project management experience with industrial, environmental, housing or community development projects to include public financing or experience in urban planning and development.
One (1) year of the General Experience must have been at the level of Assistant Economic and Community Development Agent.
Incumbents in this class may be required to travel.
Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator's license.

Nice To Haves

Experience with financial analysis software and Microsoft Office suite.
Experience implementing commercial lending practices and regulatory requirements.
Understanding of social equity principles and their application in finance.

Responsibilities

Determining eligibility for program participation in compliance with policies.
Advising management on the approval status of applications.
Communicating with applicants to secure necessary documentation and resolve outstanding issues.
Maintaining meticulous records and notes regarding underwritten loans and decisions made.
Working within a collaborative team environment to strategize on risk management.
Preparing comprehensive loan application packages, ensuring all documentation is accurate and complete.
Explaining policies and guidelines clearly, fostering trust and transparency with our applicants and stakeholders.
Analyzing and evaluating commercial loan applications, financial statements, and credit reports to assess creditworthiness of businesses.
Preparing detailed credit analyses and recommendations for loan approvals or denials.
Ensuring compliance with agency policies, state regulations, and lending industry standards.
Monitoring and reviewing existing loan portfolios for potential risks or opportunities.
Assisting in the development and implementation of credit policies and procedures.
Participating in special projects and initiatives related to social equity in commercial lending.
Monitoring, tracking and reporting on project progress and performance.
Developing project reports.
Other related duties as assigned by supervisor.