Finance Officer (Loan Specialist 3)

Initial Posting Date: 07/26/2022 Application Deadline: 08/24/2022 Agency: Oregon Business Development Department Salary Range: 5,232.00 - 8,039.00 Position Type: Employee Position Title: Finance Officer (Loan Specialist 3) Job Description: Are you someone who aspires to make Oregon businesses thrive? We have an incredible opportunity for you to utilize your skills in business finance to help Oregon businesses succeed. The Oregon Business Development Department dba Business Oregon is currently hiring multiple full time permanent Finance Officers (Loan Specialist 3) in various locations including Salem, Portland, Eugene and Eastern Oregon. Note: We value our employees and want to encourage work-life balance and flexibility. This position may have the ability to work remotely with required days in the office every other week. What you will do: Administers and markets the department’s finance programs. These programs include administering the Oregon Business Development Fund, Entrepreneurial Development Loan Fund, Oregon Royalty Fund, Capital Access Program, Credit Enhancement Fund, Industrial Development Bonds and more. Builds and maintains contacts with small business customer bases including banks, credit unions, economic development districts, cities, counties, small business development centers, economic development organizations, department staff, and State and federal agencies. Provides technical assistance to applicants and department staff on financial matters and program eligibility. Analyzes requests for financial assistance and structure of financing proposals that will be most feasible and beneficial to the applicant and the community. Participate in the development of administrative rules, legislative concepts, program and policy development, marketing materials and preparation of state and federal reports. Manages cash flow and fund balances and keeps records of concepts, applications, and awards for assigned programs. Advises senior department management and provides staffing and support for other department financing activities. Support an assigned region of the state (e.g., Portland MSA, Mid-Valley, South Valley, Oregon Coast, Central Oregon, Southern Oregon, Eastern Oregon) with frequent travel within the assigned region and to meetings within the state that may require overnight stay. Business Oregon strives to create an inclusive environment that welcomes and values the diversity of the people we serve. We foster fairness, equity, and inclusion to create a workplace environment where everyone is treated with respect and dignity. Studies have shown that women and people of color are less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job, and that candidate may be one who comes from a less traditional background. We encourage you to apply, even if you don't meet every one of our qualifications listed. If you are unsure whether you meet the qualifications of this position, feel free to contact us to discuss your application. The ideal candidate will possess a combination of some or all of the following skills: Commercial & industrial credit/financial analysis. Experience understanding commercial & industrial credit/financial analysis, business finance programs, private lending, and generally accepted accounting principles. Commercial, & industrial financial skills. Experience with commercial, & industrial financials, as well as credit analysis; private lending; federal, state and local public lending programs; generally accepted accounting principles; and making sound and prudent credit recommendations. Working independently. For commercial, & industrial projects seeking financing: determine project eligibility based on program requirements; reviewing financial statements; preparing sound and prudent credit risk analysis; presenting loan requests to department Managers and the Finance Committee; reviewing loan documents to reflect all loan approval terms and conditions; ensure securing collateral throughout the life of the loan; processing modifications; working out troubled loans; and, pursuing collections and recoveries as necessary. Private commercial, industrial equipment and real estate. Work with private equipment, and real estate credit financing programs including knowledge and understanding of local, state and federal government statutes, rules and regulations specific to the financial services industry. Commercial & industrial financial skills. Experience with analysis, research, marketing, networking, training, written communication, and verbal communication, including making presentations to groups of various sizes and acumen. Work with department heads and elected officials. As well as CEOs and CFOs of firms, accountants, lawyers, Oregon State Treasury, bank and credit union lenders and credit administrators, economic development organizations and other professionals as appropriate on a daily basis. Financing programs. Experience with commercial, & industrial financing programs including secondary/higher risk lending, subordinate lending, private activity bonds, revenue bonds, tax credits, and financial incentives. Computer software. Experience, knowledge, and ability using computer software spreadsheet and financial analysis programs such as Word, Excel, and Loan Ledger or other loan or lending software. Want to learn more about this position and Business Oregon? Add this information session to your calendar: Thursday, August 11th, 2022: Noon – 1pm Join Zoom Meeting https://oregon4biz.zoom.us/j/84924594294?pwd=d29ja2MzcThFSm54MkFUZGUra1B0Zz09 Meeting ID: 849 2459 4294 Passcode: 904963 One tap mobile 16694449171,,84924594294#,,,,*904963# US 16699006833,,84924594294#,,,,*904963# US (San Jose) Dial by your location 1 669 444 9171 US 1 669 900 6833 US (San Jose) 1 253 215 8782 US (Tacoma) 1 346 248 7799 US (Houston) 1 301 715 8592 US (Washington DC) 1 312 626 6799 US (Chicago) 1 386 347 5053 US 1 564 217 2000 US 1 646 931 3860 US 1 929 205 6099 US (New York) Meeting ID: 849 2459 4294 Passcode: 904963 Find your local number: https://oregon4biz.zoom.us/u/kdYFKOddJC Please note: if you are interested in applying for this position, you must attach your current cover letter and resume to your application. Failure to submit the required resume and cover letter will remove your application from consideration. What you need to qualify: A Bachelor's degree in Business Administration, Economic, Finance, Accounting, or related field AND three years experience analyzing and underwriting residential, commercial, or public sector loans; or three years experience in economic or community development, project development, or as a business finance officer; OR A Bachelor's degree in other fields with an MBA, MPA, or MA in Management with an emphasis in general accounting, cost accounting, financial accounting, financial reporting, financial intermediation, finance, or marketing AND two years experience at the level of a business finance officer or senior loan officer; OR Any combination of experience and education deemed acceptable for satisfactory job performance to the appointing authority. What Business Oregon does: Business Oregon is the economic development agency for the state of Oregon. We have about 140 people on our team, and we work with communities and businesses. We use our programs and expertise to help businesses grow, so they can in turn add jobs, diversify the economy, and increase Oregon prosperity. We work with communities to enhance and expand infrastructure and community safety with projects such as water/wastewater systems, seismic rehabilitation for schools, or rural broadband development. This also sets the stage for future business development. Our mission is to invest in Oregon’s businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy, all carried out with an agency strategic plan. How to Apply Please Note: Applications must be submitted no later than 11:59 PM PST on Wednesday, August 24th, 2022 Click the “Apply” button above to complete your online application. Attach your current cover letter and resume. Failure to submit the required resume and cover letter will remove your application from consideration. Complete the questionnaire. The candidates whose work experience most closely matches the qualifications and skills of this position will be invited to interview. Warning – Workday will timeout after 20 minutes of inactivity and will not save your application progress. You must submit your application after you begin the process. WHATS IN IT FOR YOU: Family Friendly Work Life Balance: Paid time off, 11 holidays, 3 personal days & optional short- and long-term disability benefits. Take Care of Yourself and Your Family: Comprehensive employee benefits, choice of medical plans, vision plan, life insurance, employee assistance program. Invest in Your Future: Pension plan, deferred comp, short- and long-term disability plan, flexible spending accounts for healthcare and dependent care. Be Appreciated: Employee recognition events, agency unique employee recognition program allowing for additional leave options such as vacation buy-out and sick leave roll-over, dynamic employees doing impactful work. ADA: At Business Oregon, we value community and foster a sense of belonging for our employees. Additional Information: It is our policy to provide reasonable accommodations to all applicants who may need them. Should you need assistance, or an accommodation please contact Sarah Flores in Employee Services to discuss how we can best meet your needs. Veterans’ Preference - Eligible veterans who meet the qualifications will be given veterans' preference. If you checked that you are a veteran, we will ask you for your documents later in the process. Click on the Veterans’ Preference link for additional information. Criminal Records Check - Hiring of the successful candidate will be contingent upon the results of a Criminal Background Check. Adverse background data may be grounds for immediate disqualification. Work Authorization - The Oregon Business Development Department (dba Business Oregon) does not offer visa sponsorship. Within three days of hire, all applicants will be required to complete the US Department of Homeland Security's Form I-9, confirming authorization to work in the United States. This recruitment will be used to establish a list of qualified candidates to fill the current position and may be used to fill future vacancies as they occur. This position is a classified, full-time position, and is not represented by a union. PERS – This is a PERS qualifying position. After a six-month waiting period eligible Management Service, Executive Service, and Unrepresented employees will have their base pay increased by 6.95% and the 6% PERS contribution deducted from their base pay rather than a direct 6% contribution by the State of Oregon to the employees PERS account. This will mirror the bargained SEIU and AFSCME PERS process. Are you looking to live in and experience Oregon? Learn more about life in Pendleton, Salem, and Portland. Need help? For questions about this job, contact Sarah Flores, HR Analyst in Employee Services, at 458-221-0205 or email Sarah.J.Flores@biz.oregon.gov. Applicant FAQ Business Oregon Career Opportunities Business Oregon is an Equal Opportunity, Affirmative Action Employer.