Salary

$5,104 – $7,812 a month

Initial Posting Date:

02/08/2021

Application Deadline:

03/01/2021

Agency:

Oregon Business Development Department

Salary Range:

$5,104 – $7,812

Position Type:

Employee

Position Title:

Business Finance Officer (Loan Specialist 3)

Job Description:

Business Oregon is currently hiring a permanent Business Finance Officer (Loan Specialist 3). 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.

Due to COVID-19 this position is working remotely. Once we are able to return to the office, this position will reside in the Portland office.

What you will do!

As a Business Finance Officer, you will:

• Analyze request for financial assistance and structure financing proposals that will be most feasible and beneficial to the applicant and community.
• Be able to present certain credit requests and reports to the Business Oregon Finance Committee and external boards and committees such as the Oregon State Treasury’s Private Activity Bond Committee.
• Administer and market the Oregon Business Development Fund; Credit Enhancement Fund; Oregon Royalty Fund, Entrepreneurial Development Loan Fund and more.
• Participate as a business finance expert assigned to the greater Portland Metro geographic area (Clackamas, Columbia, Multnomah, and Washington Counties) working as a team with other Business Oregon regionally assigned staff and various economic development partners.
• Travel frequently to meetings within the assigned region and to meetings in the Salem area with occasional travel to other regions of the state that may require overnight stay.
• Administration of the department’s finance programs.
• Participate in the development of administrative rules, legislative concepts, program and policy development, marketing materials and preparation of state and federal reports.
• Manage cash flow, fund balances and keep records of concepts, application and awards for assigned projects and/or programs.
• Please join us for an information session about this position on February 18th at 6:00pm.

Please join my meeting from your computer, tablet or smartphone.
https://www.gotomeet.me/BusinessOregon

You can also dial in using your phone.
United States: +1 (669) 224-3412

Access Code: 320-792-229

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.

The ideal candidate will possess the following skills:

The candidates whose experience most closely matches the qualifications and requested skills of this position may be invited to interview. We are looking for qualified applicants whose work experience most closely demonstrates the following:

• Direct experience with Commercial & Industrial financial and credit analysis, public and private lending, generally accepted accounting principles, and making sound and prudent credit recommendations.
• Working independently through the following tasks for Commercial & Industrial projects seeking financing: determining project eligibility based on program requirements; reviewing financial statements; preparing sound and prudent credit risk analysis; presenting loan requests to Business Oregon’s Finance Committee; preparing and executing loan documents; securing collateral throughout the life of the loan; processing modifications; working out troubled loans; and, pursuing collections and recoveries as necessary.
• Experience with private Commercial & Industrial working capital, equipment, and real estate credit programs including knowledge and understanding of local, state and federal government statutes, rules and regulations specific to the Commercial & Industrial financial services industry.
• Possession of Commercial & Industrial financial skills in analysis, research, marketing, networking, training, written communication, and verbal communication, including making presentations to groups of various sizes and acumen.
• Ability to work with department heads and elected officials, CEO’s and CFO’s of firms, accountants, lawyers, engineers, bankers, economic development organizations and other professionals as appropriate on a daily basis.
• Experience with Commercial & Industrial financing programs including secondary/higher risk lending, subordinate lending, loan insurance programs, loan loss reserves, private activity bonds, revenue bonds, tax credits, and financial incentives.
• 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.

What Business Oregon does

Oregon Business Development Department (Business Oregon) employs approximately 135 employees who carry out the agency mission, “Business Oregon invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy.” The Operations and Finance Division serves every part of the department and includes all central administrative services; it also includes the Business Finance and Public Finance programs. The Operations sections include: Employee Services; Fiscal and Budget Services; Technology Services; and Policy, Rules, Audits, and Contracts.

Within the Operations and Finance Division, the Finance Section partners with businesses, financial institutions, local economic development groups, and technical service provides to aide with retention, expansion and recruitment opportunities for Oregon based businesses. Assistance includes services such as direct loans, loan insurance (guarantees), loan participations, conduit bond financing, business retention and expansion services, and referrals to technical assistance providers. Programs administered and coordinated by the Finance Section include the Oregon Business Development Fund, Credit Enhancement Fund, Industrial Development Revenue Bonds, Oregon Royalty Fund, Entrepreneurial Development Loan Fund, Capital Access Program, Business Retention Services Fund, Industry Competiveness Fund, Governor’s Strategic Reserve Fund, Brownfield Fund, Special Public Works Fund, Water/Wastewater Fund, Port Revolving Fund, and Immediate Opportunity Fund.

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 would 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, please feel free to contact us to discuss your application.

Succession and workforce planning are the cornerstones to consistently fulfill the agency’s mission. Business Oregon recognizes and values the knowledge and skills of each of our employees. To encourage employee longevity and retain institutional knowledge, preference may be given to current Business Oregon employees.

How to Apply – Please Note: Applications must be submitted no later than 11:59pm on March 1, 2021

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.
Warning – Workday will timeout after 20 minutes of inactivity and will not save your application progress. There is not a “save and return later” function, once you start your application you must submit your application, otherwise you will have to start over with the application when you return.
Additional Information:

• 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 following link for additional information on Veterans’ Preference .
• 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 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.
• The candidates whose work experience most closely matches the qualifications and skills of this position will be invited to interview.
• This recruitment will establish a list of qualified candidates to fill the current position and may be used to fill future vacancies as they occur.
• 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. This position is a permanent, full time position and is not represented by a union.

Are you living out of state and looking to relocate to Oregon ? Learn more about life in Salem or Portland 
Need help?

For questions about this job, contact Katie Ryberg in recruitment at 503-983-0178 or email katherine.ryberg@oregon.gov

Applicant FAQ

Oregon Business Development Department Career Opportunities

The Oregon Business Development Department is an Equal Opportunity, Affirmative Action Employer.