Vice President, Lending

About the role

The Vice President of Lending plays a key role in advancing MassDevelopment’s mission by managing the full lifecycle of commercial lending transactions, including loan and mortgage insurance guarantees. This position reports to the Senior Vice President of Lending and is responsible for originating, underwriting, negotiating, structuring, closing, and servicing lending transactions that support businesses, economic development projects, and communities throughout Massachusetts.

Responsibilities

• Originate, evaluate, structure, underwrite, and negotiate commercial loans, loan guarantees, and other financing solutions that support business growth across Massachusetts.
• Manage transactions through the full lending lifecycle, including credit analysis, approval, commitment, documentation, closing, and ongoing portfolio management.
• Prepare and present financing requests to the Credit Committee, senior leadership, and Board of Directors.
• Analyze borrower financial statements, assess creditworthiness and risk, and monitor portfolio performance through annual reviews, covenant compliance, and ongoing risk assessments.
• Review loan and construction advance requests to ensure consistency with approved loan terms and Agency requirements.
• Build and maintain relationships with borrowers, banks, referral sources, and public and private sector partners to identify financing opportunities and expand access to capital.
• Collaborate with financial institutions on participations, guarantees, and co-lending arrangements.
• Maintain accurate loan and borrower records and contribute to financial reporting, budgeting, forecasting, and analytical presentations.
• Represent MassDevelopment at industry events, conferences, and community engagements while promoting the Agency's products and programs.
• Support special projects and perform other duties as assigned.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field; equivalent combination of education and relevant lending or credit experience will be considered.
• Five (5) or more years of experience in commercial lending, business lending, commercial real estate lending, construction lending, or a related financing environment.
• Strong knowledge of commercial loan underwriting, credit analysis, risk assessment, loan structuring, documentation, and portfolio management, including formal credit training or a strong commercial credit background.
• Demonstrated ability to analyze financial statements, evaluate creditworthiness, and structure complex lending transactions.
• Experience with commercial real estate lending and familiarity with state and federal tax credit programs, green finance tools, and other economic development financing resources.
• Prior experience with loan guarantees and mortgage insurance.
• Proven relationship management and business development skills, with the ability to cultivate partnerships with borrowers, financial institutions, referral sources, and other stakeholders.
• Excellent analytical, problem-solving, organizational, verbal, and written communication skills, with the ability to manage multiple priorities and deadlines.
• Proficiency with Microsoft Office applications, particularly Excel and Word, and other financial reporting and database management tools.
• Ability to work collaboratively in a team environment while exercising sound independent judgment and managing an individual portfolio.

Qualifications

• Commitment to MassDevelopment's mission and to advancing equitable economic development for businesses and communities across the Commonwealth.

Skills

• Financial analysis and modeling
• Commercial lending and credit analysis
• Portfolio management
• Relationship management
• Collaboration and teamwork

Benefits

Comprehensive Benefits: Medical, dental, and vision insurance to support you and your family
Retailer Retirement Readiness: Robust 401(a) and 457(b) plans with agency match
Generous Paid Leave: Vacation, sick time, personal days, and holidays
Flexible Work Environment: Hybrid work options to support balance and integration
Investment in You: Tuition reimbursement, student loan assistance, and opportunities for continued learning
Wellness Support: Resources and programs to help you thrive personally and professionally