Vice President, Lending

MassDevelopment; Worcester (MA); Hybrid; USD 150,000 - 210,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(a) and 457(b) retirement plans

Generous paid leave

Hybrid work options

Tuition reimbursement and student loan

Wellness programs

Job summary

MassDevelopment, the state's development finance agency, seeks a Vice President of Lending to lead the full lifecycle of commercial lending transactions across Massachusetts.

You will originate, underwrite, structure, and close loans and guarantees, manage portfolio risk, and build partnerships with borrowers, financial institutions, and public/private partners to advance equitable economic growth throughout the Commonwealth.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or related field.
• Five or more years of commercial lending experience.
• Strong knowledge of underwriting, credit analysis, risk assessment, and portfolio management.
• Experience with commercial real estate lending and tax credit programs.
• Proven relationship management and business development skills.
• Excellent analytical and communication skills.
• Proficiency with Microsoft Office, especially Excel and Word.

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.

Skills

Credit analysis

Financial modeling

Relationship management

Portfolio management

Excel

Communication

Education

Bachelor's degree in Finance/Accounting/Business Administration

Tools

MS Office (Excel/Word)

Credit analysis tools

Job description

Who We Are: MassDevelopment, the state's development finance agency and land bank, delivers financing solutions, real estate expertise, and other assistance to 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.

Vice President of Lending

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. Reporting to the Senior Vice President of Lending, this position is responsible for originating, underwriting, negotiating, structuring, closing, and servicing lending transactions that support businesses, economic development projects, and communities throughout Massachusetts.

In addition to managing a lending portfolio, the Vice President actively promotes MassDevelopment's financing programs, develops relationships with borrowers and key referral partners, and identifies opportunities to support clients through the Agency's broader suite of products and services. The ideal candidate will bring strong financial and credit analysis expertise, sound business judgment, and a commitment to fostering inclusive and equitable economic growth across the Commonwealth.

What You'll Do

• 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.

What We're Looking For

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

What We Offer

• Comprehensive Benefits:Medical, dental, and vision insurance to support you and your family
• 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

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.