Job Description

Initial Posting Date:

01/27/2025

Application Deadline:

02/10/2025

Agency:

Oregon Business Development Department

Salary Range:

$4,407 - $6,732

Position Type:

Employee

Position Title:

Loan Support Specialist (Loan Specialist 1) In-State Hybrid/Remote

Job Description:

Business Oregon, the state’s economic development agency, is currently hiring a Loan Support Specialist (Loan Specialist 1). This position will support the department’s financial services to businesses by preparing loan documentation, servicing the loan portfolio, and providing reports to management for state and federal reporting purposes.

Note: We value our employees and want to encourage work-life balance and flexibility. This position may have the ability to work remotely with required days in the Portland, Bend, Medford, or Salem office.

What you will do:

• Coordinate and facilitate loan closing, delivery of documents and disbursement of funds with financial partners, local economic development associations, escrow and the borrower(s).

• Provide department services and technical assistance to communities and prospective borrower(s).  

• Prepare closing documents from standard and non-standardized forms.

• Review returned closing statements and loan documents for correctness and accuracy.

• Facilitate loan closing and request disbursements of funds.

• Assist borrowers with modifications, amendments, or assumptions of loans.

• Calculate prepayments, service loans, monitor and collect loan delinquencies, maintain accounts, answer questions on satisfactions, transfers, eligibility, and hazard insurance.

• Explain loan programs to prospective borrower(s), other professionals and interested parties. 

• Interview prospective borrower(s) to decide if they are eligible for the loan program(s).

• Request from other sources appraisal, title reports, environmental reports, insurance binders and other closing documents.

• Assist in the preparation of reports of the department’s funding sources including the Economic Development Administration (EDA), the State Small Business Credit Initiative (SSBCI), the Oregon Legislature; and managing the financial aspects of Business Finance cases.

Business Oregon strives to create an inclusive environment that welcomes and values the diversity of the people we serve. We foster fairness, equity, and inclusion to create a workplace environment where everyone is treated with respect and dignity.

Studies have shown that women and people of color are less likely to apply for jobs unless they meet every one of the qualifications listed.  We are most interested in finding the best candidate for the job, and that candidate may be one who comes from a less traditional background.  We encourage you to apply, even if you don't meet every one of our qualifications listed.  If you are unsure whether you meet the qualifications of this position, feel free to contact us to discuss your application. 

The ideal candidate will possess a combination of some or all of the following skills:

• Experience preparing commercial and industrial loan documents; and closing loans by working with borrowers and third parties.

• Experience reviewing collateral, title reports, appraisals and insurance documents.

• Experience servicing commercial and industrial loans including modifications, amendments, perfecting collateral and security interests and processing loan payoffs.

• Experience working with loan management systems such as Portfol to board and manage loans.

• Exceptional attention to detail, excellent verbal and written communication skills, and the ability to prioritize work to meet deadlines.

Please note: if you are interested in applying for this position, you must attach your current cover letter and resume to your application. Failure to submit the required resume and cover letter will remove your application from consideration.
 

What you need to qualify:
Three year’s experience in either:
Preparing or analyzing residential, commercial, or public sector loan applications using cash flow, financial statements, historical and annual operation analyses; including collections and foreclosure procedures;

or
processing real estate transactions including qualifying, evaluating and extending credit to borrowers, and property inspections;

or
marketing, analyzing, servicing, or underwriting residential, commercial, or public sector loans; or economic or community development.
 

A bachelor’s degree in business administration, economic, finance, accounting, or related field may substitute for the experience. An associate's degree in real estate, finance, business administration or a related field may substitute for 18 months of experience.

What Business Oregon does:

Business Oregon is the economic development agency for the state of Oregon. We have about 180 people on our team, and we work with communities and businesses. We use our programs and expertise to help businesses grow, so they can in turn add jobs, diversify the economy, and increase Oregon prosperity. We work with communities to enhance and expand infrastructure and community safety with projects such as water/wastewater systems, seismic rehabilitation for schools, or rural broadband development. This also sets the stage for future business development. Our mission is to invest in Oregon’s businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy, all carried out with an agency strategic plan.

The Business Development Division promotes business growth, retention and job creation by removing barriers to industry growth and addressing common industry needs. The division services include helping Oregon businesses access global markets, administration of the Governor’s Strategic Reserve Fund, Industry Competitiveness Fund, Business Retention Fund, State incentive programs and business finance programs. Recruitment Officers, Business Development Officers, Global Trade Specialists, analysts, program specialists and coordinators, and loan officers work to achieve these goals in partnership with Oregon businesses.

Within the Division, the Business Services Section assists businesses, partners, and local governments for retention/expansion and recruitment business opportunities.  Assistance includes planning, technical assistance, program applications, referrals, training, regional efforts, interagency coordination, and incentives information.

How to Apply

Please Note: Applications must be submitted no later than 11:59 PM PST on Monday, February 10, 2025.

• If you are a current State of Oregon employee, you must apply through your employee Workday account through Jobs Hub.

• Click the “Apply” button above to complete your online application.

• Attach your current cover letter and resume. Failure to submit the required resume and cover letter may remove your application from consideration. Clearly demonstrate in your cover letter how you meet all the minimum qualifications and requested skills listed above.

• You may attach your cover letter and resume at the beginning of process or at the end of process of completing your workday application.

• Complete the questionnaire. Warning – Workday will timeout of inactivity and will not save your application progress. You must submit your application after you begin the process. There is now a “save for later” function, if you need to take a break, please be sure to click the save for later button to save your progress.

• Be sure to check Workday and your email for additional tasks and updates. After hitting submit there may be additional required tasks for you to complete prior to the announcement closing.

• The candidates whose work experience most closely matches the qualifications and skills of this position will be invited to interview.

WHAT’S IN IT FOR YOU:

• Family Friendly Work Life Balance: Paid time off, 11 holidays, 3 personal days & optional short- and long-term disability benefits.

• Take Care of Yourself and Your Family: Comprehensive employee benefits, choice of medical plans, vision plan, life insurance, employee assistance program.

• Invest in Your Future: Pension plan, deferred comp, short- and long-term disability plan, flexible spending accounts for healthcare and dependent care.

• Be Appreciated: Employee recognition events, agency unique employee recognition program allowing for additional leave options such as vacation buy-out and sick leave roll-over, dynamic employees doing impactful work.

• Inclusion: At Business Oregon, we value community and foster a sense of belonging for our employees.

Additional Information:

• Per the Pay Equity Law passed in 2017, a pay equity analysis will be conducted to determine what pay step the successful candidate will be offered. The analysis will be based on the relevant experience, education, training, and certifications documented in the application materials.

• It is our policy to provide reasonable accommodations to all applicants who may need them.  Should you need assistance, or an accommodation please contact Lies Wattimena at Lies.Wattimena@biz.oregon.gov to discuss how we can best meet your needs.

• Veterans’ Preference - Eligible veterans who meet the qualifications will be given veterans' preference. If you checked that you are a veteran, we will ask you for your documents later in the process. Click on the Veterans’ Preference link for additional information.

• Criminal Records Check - Hiring of the successful candidate will be contingent upon the results of a Criminal Background Check.  Adverse background data may be grounds for immediate disqualification.

• Work Authorization - The Oregon Business Development Department (dba Business Oregon) does not offer visa sponsorship. Within three days of hire, all applicants will be required to complete the US Department of Homeland Security's Form I-9, confirming authorization to work in the United States.

• This recruitment will be used to establish a list of qualified candidates to fill the current position and may be used to fill future vacancies as they occur.

• This position is a classified, full-time position, non-exempt and is not represented by a union.

• PERS – This is a PERS qualifying position. After a six-month waiting period eligible Management Service, Executive Service, and Unrepresented employees will have their base pay increased by 6.95% and the 6% PERS contribution deducted from their base pay rather than a direct 6% contribution by the State of Oregon to the employees PERS account.  This will mirror the bargained SEIU and AFSCME PERS process.

• Are you looking to live in and experience Oregon? Learn more about life in Pendleton, Salem, and Portland.

Need help?

We invite you to contact the recruiter for application questions or job-specific questions.

• The recruiter for this position is Sarah Flores If you contact the recruiter, please include the job requisition number: REQ-173925

• Email: Sarah.J.Flores@Biz.Oregon.Gov

• Phone (call or text): 458-221-0205 

Applicant FAQ

Business Oregon Career Opportunities

Business Oregon is an Equal Opportunity, Affirmative Action Employer.