Loan Operations Specialist
Loan Operations Specialist
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$ 6005 - 8678
1 Vacancy
Job Description
Agency:Department of Commerce and Economic Opportunity
Class Title:IND & COM DEVLPMT REP II 21052
Skill Option:None
Bilingual Option:None
Closing Date/Time: 04/21/2025
Salary: Anticipated Starting Salary $6005 a month. Full range $6005 $8678 monthly
Job Type: Salaried
Category:Full Time
County: Sangamon
Number of Vacancies: 1
Plan/BU:RC062
This position is a union position; therefore provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.
All applicants who want to be considered for this position MUST apply electronically through the illinois.jobs2web website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.
Applications submitted via email or any paper manner (mail fax hand delivery) will not be considered.
Posting Identification Number 45177
Why Work for Illinois
Working with the State of Illinois is a testament to the values of compassion equity and dedication that define our state. Whether youre helping to improve schools protect our natural resources or support families in need youre part of something biggersomething that touches the lives of every person who calls Illinois home.
No matter what state career youre looking for we offer jobs that fit your life and your scheduleflexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our toptier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.
About the Position
The Illinois Department of Commerce and Economic Opportunity (DCEO) is seeking to hire an Industrial & Community Development Representative 2 to support Illinois State Small Business Credit Initiative (SSBCI) programs. The Office of Entrepreneurship Innovation & Technology (OEIT) supports entrepreneurs through various programs providing capital directly to small businesses. This position would be responsible for supporting the administration and operations of DCEOs Advantage Illinois Participation Loan and Loan Guarantee Programs. This role will help provide lowcost 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 Industrial & Community Development Representative 2 position to help provide equitable and fair access to capital to businesses in Illinois. We welcome all to apply.
Essential Functions
- Performs a comprehensive analysis on the Departments more critical projects by evaluating the eligibility of credit proposals on business firms submitted to the Department by participating lenders.
- Assists lenders and business firms in the preparation and administration of lender and loan enrollments following the policy and procedures under the Office of Entrepreneurship Innovation & Technology.
- Acts as a representative of the State in promoting and encouraging new industrial enterprises to locate in Illinois and assisting existing industry to develop and expand.
- Obtains loan repayment information from lenders and business firms and monitors loan repayments to ensure compliance with contract terms from lenders loan recipients and their owners managers and guarantors.
- Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.
Minimum Qualifications
- Requires knowledge and experience equivalent to completion of four years of college with concentration in one or more of the following fields: industrial development business administration economic geography marketing or economics; appropriate business experience may be substituted for college on a yearforyear basis.
- Requires two years of professional experience in the field of industrial and/or community economic development.
Preferred Qualifications
- Prefer two years of experience in grant/loan administration.
- Prefer two years previous experience managing loans preparing underwriting documentation and engaging with financial institutions.
- Prefer one or more years of experience preparing written and oral reports.
- Prefer one year of descriptive data analysis experience can include managing reports and aggregating information to improve programs.
Conditions of Employments
- Requires appropriate valid drivers license.
- Requiresability to travel in the performance of duties with overnight stays as appropriate.
- Requirescompletion of a background check and selfdisclosure of criminal history.
Theconditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.
About the Agency
The mission of the Illinois Department of Commerce and Economic Opportunity (DCEO) is to create equitable economic opportunities across the State of Illinois. By attracting and supporting major job creators investing in communities strengthening Illinois worldclass 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.
Work Hours: Monday Friday 8:30am 5:00pm
Work Location: 1020 South Spring Street Springfield IL
Agency Contact::FOR INQUIRIES ONLY INTERESTED APPLICANTS MUST APPLY ONLINE
Posting Group: Fiscal Finance & Procurement
This position DOES NOT contain Specialized Skills (as that term is used in CBAs).
APPLICATION INSTRUCTIONS
Use the Apply button at the top right or bottom right of this posting to begin the application process.
If you are not already signed in you will be prompted to do so.
State employees should sign in to the career portal for State of Illinois employees a link is available at the top left of theIllinois.jobs2web homepage in the blue ribbon.
NonState employees should log in on the using the View Profile link in the top right of theIllinois.jobs2web homepage in the blue ribbon. If you have never before signed in you will be prompted to create an account.
If you have questions about how to apply please see the following resources:
State employees: Log in to the career portal for State employees and review the Internal Candidate Application Job Aid
NonState employees: on Illinois.jobs2web click Application Procedures in the footer of every page of the website.
The main form of communication will be through email. Please check your junk mail spam or other folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:
Required Experience:
Unclear Seniority
Employment Type
Full-Time
