Head of Commercial Bank Operations

Skill Option:
General Administration/Business Marketing/Labor/Personnel

Bilingual Option:
None

Category:
Full Time

Bargaining Unit Code:
None

Work Hours:

Monday - Friday 8:30am - 5:00pm

Anticipated Hybrid Work Schedule Availability: 1 to 5 Days per week in office, depending on operational needs

Headquarter

Location:

1020 S Spring St, Springfield, Illinois, 62704

The Illinois Department of Commerce and Economic Opportunity (DCEO) is seeking to hire a Loan Operations Manager to support Illinois’ loan programs including those funded through the State Small Business Credit Initiative (SSBCI) program. The Office of Entrepreneurship, Innovation & Technology (OEIT) supports entrepreneurs through a variety of programs providing access to capital for small businesses. This position will be responsible for supporting the administration and operations of DCEO’s Advantage Illinois Participation Loan and Loan Guarantee Programs.

This role will help provide low-cost capital loans to eligible businesses in Illinois to support businesses as they establish and grow, create and retain jobs, and spur economic development. We invite qualified applicants to apply for the position of Loan Operations Manager to help provide equitable and fair access to capital to businesses in Illinois.

Under direction, serves as Loan Operations Manager for the Advantage Illinois Participation Loan Program (PLP) and Loan Guarantee Program (LGP) and successor programs.

Establishes departmental goals and procedures for the Loan Operations Team to align with organizational objectives and regulatory requirements.

Serves as full-line supervisor.

Requires prior experience equivalent to three (3) years of progressively responsible administrative experience in a public or business organization.

Prefers a minimum of three (3) years of professional experience preparing underwriting documentation and reviewing loan applications, promissory notes and/or loan closing documents.

Prefers a minimum of three (3) years of professional experience within the past ten years performing financial, administrative, or operational tasks associated with a participation loan program or a loan guarantee program.

Prefers a minimum of two (2) years of professional experience in grant/loan administration.

Prefers a minimum of two (2) years of experience utilizing a loan or grant management system to execute the lifecycle of loan or grant administration.

Prefers a minimum of two (2) years of experience preparing written and verbal reports and performing descriptive data analysis, including managing and aggregating information to improve programs.

Prefers four (4) years of college with concentration in one or more of the following fields: accounting, finance, business, business administration, statistics, mathematics, econometrics, or economics.

Requires the ability to travel in the performance of duties, with overnight stays as appropriate.

By attracting and supporting major job creators, investing in communities, strengthening Illinois’ world-class workforce, fostering innovation, and ushering in the new clean energy economy, DCEO works to fortify Illinois’ reputation as a global economic powerhouse while ensuring Illinois is the best state to live, work and do business.

• Competitive Group Insurance Benefits including Health, Life, Dental and Vision Insurance
• 3 Paid Personal Business Days annually
• Benefit time modified for part-time, 12-hour, & non-standard work schedules (as applicable)
• 13 Paid Holidays annually, 14 on even numbered years
• Flexible Work Schedules (when available dependent upon position)
• Deferred Compensation Program - A supplemental retirement plan
• Optional Pre-Tax Programs such as Medical Care…