Vice President, Lending

Who We Are:

Mass Development, the state’s development finance agency and land bank, delivers financing solutions, real estateexpertise, and otherassistanceto strengthen and grow the Massachusetts economy. We partner with businesses, nonprofits, developers, banks, and municipalities to help create jobs, build housing, and foster vibrant communities across the state. We value diverse perspectives, encourage innovation, and are committed to building a stronger Massachusetts.

Mass Development is seeking a strategic and results-oriented Vice President, Lending to join its Growth Capital Lending Team. This role is responsible for managing the full lifecycle of lending transactions, including small business loan guarantees, direct small business loans, and other Growth Capital financing products that advance the agency's economic development mission.

The Vice President will evaluate lending opportunities, conduct comprehensive financial and credit analyses, structure transactions, and guide deals from origination through closing and portfolio management. The ideal candidate will bring strong credit and underwriting expertise, sound business judgment, and a commitment to supporting small businesses and fostering equitable economic growth throughout the Commonwealth.

This position offers an opportunity to play a key role in expanding access to capital for Massachusetts businesses while contributing to impactful economic development initiatives that strengthen communities and promote inclusive prosperity.

• Originate, evaluate, underwrite, structure, and process small business loans, loan guarantees, and other credit products that support Mass Development's economic development mission.
• Meet with prospective borrowers and lending partners to assess financing needs, analyze financial condition and credit risk, and recommend appropriate lending solutions.
• Analyze financial statements, cash flow, collateral, and other risk factors; prepare written credit recommendations and present financing requests to delegated approval authorities.
• Structure loan and guarantee transactions in accordance with credit policies, program requirements, risk tolerances, and regulatory standards.
• Manage transactions through the full lending lifecycle, including application review, underwriting, approval, documentation, closing, servicing, renewals, and modifications.
• Collaborate with Business Development, Credit, external lenders, and other stakeholders to identify opportunities, structure transactions, and expand access to capital for small businesses.
• Develop and maintain relationships with borrowers, lending institutions, referral sources, and community partners, with a focus on supporting mission-driven lending initiatives and underserved communities.
• Monitor portfolio performance, including covenant compliance, risk ratings, borrower performance, and ongoing credit quality, while maintaining accurate loan documentation and credit files.
• Utilize Agency systems and technology to process applications, maintain records, coordinate closings, and support reporting requirements.
• Identify opportunities to improve underwriting processes, workflow efficiency, and credit decision-making practices while staying current on industry trends, lending programs, and regulatory requirements.

• Bachelor’s degree in Finance, Business Administration, Accounting, or a related field; equivalent combination of education and relevant lending or credit experience will be considered.
• Experience in commercial credit analysis, underwriting, small business lending, loan guarantees, or related lending programs, with a strong understanding of financial statement analysis, cash flow analysis, and credit risk assessment.
• Demonstrated ability to structure and evaluate lending transactions, prepare clear credit recommendations, and apply sound judgment in risk-based decision-making.
• Strong analytical, problem-solving, and organizational skills with the ability to manage multiple priorities, maintain accurate documentation, and support effective lending processes.
• Experience developing and improving workflows, managing pipelines, and…