Vice President, Lending (Worcester)

MassDevelopment; Worcester, Northern (MA, KY); Hybrid; USD 150,000 - 230,000; Full time

Benefits offered by this job

Comprehensive Benefits

401(a) and 457(b) plans

Hybrid work options

Tuition reimbursement

Paid time off

Job summary

MassDevelopment is seeking a Vice President of Lending to lead the full lifecycle of commercial loans and guarantees. You will originate, underwrite, structure, and close transactions that support Massachusetts businesses and communities.

The role emphasizes strong credit analysis, portfolio management, and relationships with borrowers and referral partners, with a focus on equitable economic growth across the Commonwealth.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration or related field.
• Five or more years of commercial lending or related financing experience.
• Strong underwriting, credit analysis, and risk assessment skills.
• Experience with commercial real estate lending and tax credit programs is a plus.
• Proven ability to manage relationships with borrowers and partners.

Responsibilities

• Originate, evaluate, structure, underwrite, and negotiate commercial loans and guarantees.
• Manage transactions through the full lending lifecycle from analysis to portfolio management.
• Present financing requests to committees and senior leadership.
• Monitor portfolio performance and ensure covenant compliance.
• Build relationships with borrowers, banks, and referral sources.
• Represent the agency at events and support special projects.

Skills

Commercial lending

Credit analysis

Financial analysis

Portfolio management

Loan underwriting

Relationship management

Problem solving

Excel proficiency

Education

Bachelor’s degree in Finance/Accounting/Business Administration

Tools

Microsoft Excel

Financial reporting software

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.

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.