St. Louis Economic Development Partnership
  • 29-Mar-2021 to 28-May-2021 (CST)
  • Business Finance
  • St Louis, MO, USA
  • Salary
  • Full Time

THE ORGANIZATION

Our mission is to lead in the development and growth of long-term diversified business and employment opportunities by creating innovative solutions that generate increased wealth and enhanced quality of life for the citizens, businesses, and institutions of the St. Louis region.

The St. Louis Economic Development Partnership marks a new era of collaboration within St. Louis by aligning regional efforts in business development, business finance, entrepreneurial support, and international trade services.

Today, the Economic Development Partnership provides a broader range of services than most agencies of its kind, boosting innovation and entrepreneurship, attracting, and retaining companies, increasing the region's international reach, and revitalizing communities. The partnership has become a key facilitator of regional growth for businesses and communities throughout the St. Louis Metropolitan area.

Accredited Economic Development Organization

THE POSITION

The Credit Analyst is responsible for credit analysis and preparing credit approval packages for commercial lending activities, including various government funded loans, for the Loan Officers; analyzing and investigating corporate financial statements, tax returns, and other documentation to tell a financial story; supporting all aspects of loan origination, processing, closing, and ongoing servicing activities involved in community economic development lending programs.

Job Functions:


  • Investigate and analyze credit and financial information on prospective and existing borrowers, including financial statements, tax returns, credit reports, and cash flows.
  • Analyze transactions for structural strengths and weaknesses and assist Loan Officers in mitigating risk, such as conducting collateral analysis.
  • Prepare concise, accurate, and well-reasoned credit memoranda for approval from boards and submission to the SBA.
  • Manage the issuance of Industrial Revenue Bonds through the St. Louis County Industrial Development Authority, including such duties as: coordinating with all involved parties to create timelines and share information; work with Issuer's Council and Financial Advisors to set up bond seminars; facilitating information at IDA Board Meetings, such as the Bond Status Report; and business development for all IDA activities.
  • Work with the Loan Officers and Loan Processor in preparing applications for SBA submission.
  • Coordinate with marketing to create blog posts on successful loan programs and updating marketing material.
  • Assist in business development activities, such as participating in community events and meeting with potential clients and bankers.
  • Update loan applications, forms, and other Business Finance materials.
  • Coordinate STL Partnership CDC credit committee meetings.
  • Track and prepare the loan pipeline reports.
  • Assist in preparing regular reporting for required documentation.
  • Maintain current financial information on borrowers in order to perform timely annual reviews.
  • Maintain an expert understanding of loan program requirements, especially the SBA 504 program Standard Operating Procedures.
  • Perform other duties as assigned.

THE NEED

Professional qualifications for this position include:

EDUCATION: Bachelor's degree from an accredited institution with major course work in business, finance, accounting, commercial lending, or a closely related field.

EXPERIENCE:

  • General knowledge of commercial lending, loan documentation, closing procedures, and government loan guaranty programs (SBA loan experience preferred)
  • Minimum of two years of progressively more responsible related work experience (banking industry experience preferred

KNOWLEDGE OF:

  • Economic, financial, and accounting principles and practices, the financial markets, and the analysis and reporting of financial data.
  • Policies, practices, and procedures involved in the administration of Small Business Administration loans and other commercial loans.
  • Practices involved in banking and real estate transactions and associated legal documentation.
  • Laws and regulations governing finance programs.
  • Relevant legal terminology encountered in the course of work.
  • Modern office practices and procedures, equipment, and systems.

ABILITY TO:

  • Communicate strongly both orally and in writing.
  • Attend to details, calculate numerical formulas, and verify accuracy of amounts and calculations.
  • Read and interpret financial statements and credit bureau reports.
  • Organize and prioritize to ensure effective workflow and response to deadlines.
  • Comprehend and make inferences from written materials.
  • Establish and maintain effective working relationships with borrowers, Small Business Administration personnel, bankers, accountants, attorneys, title company personnel, board members, staff, and the public.
  • Understand, interpret, explain, and apply relevant policies, procedures, and regulations.
  • Perform and accomplish requirements of the job using appropriate general office equipment (i.e. fax machine, copy machine, calculator, multi-function telephone).
  • Use basic computer word processing and spreadsheet/database management applications (i.e. Microsoft Word/Excel/Access/PowerPoint applications).
  • Understand, interpret, explain, and apply relevant policies, procedures, and regulations.
  • Perform light physical work exerting up to 25 pounds on an occasional basis; perform such activities as fingering, grasping, lifting, reaching, crouching and repetitive tasks.

WORKING CONDITIONS: The working conditions described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level of the work environment is usually quiet. The employee's central functions are conducted in a climate-controlled office.

INTERPERSONAL CHARACTERISTICS: A strong passion for equitable economic development, helping businesses, creating employment, and positively changing communities. Strong written and verbal communication skills are expected. The selected candidate should be a strong relationship builder and self-motivated. It is expected that the selected candidate will recognize and respect diversity and work effectively with people of other backgrounds and cultures and will have a desire to make a positive difference within the community.

THE REWARD

Commensurate with experience, we offer a competitive base salary and a culture which fosters and supports creativity and innovation. The St. Louis Economic Development Partnership offers a full range of employee benefits as well.

Interested and qualified applicants should submit their resume to https://stlpartnership.aaimtrack.com.

Also, applicants are encouraged to visit our website to learn more about the organization: stlpartnership.com

The St. Louis Economic Development Partnership is an equal opportunity employer. The organization considers applicants without regard to race, color, religion, creed, gender, national origin, age, disability, marital or veteran status, or any other legally protected status.

St. Louis Economic Development Partnership
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