Vice President, Lending

Who We Are: MassDevelopment, Massachusetts’ premier development finance agency and land bank, collaborates with businesses, nonprofits, financial institutions, and municipalities to catalyze economic growth across the Commonwealth. Our mission is anchored in three core pillars: driving business innovation, accelerating economic development, and empowering communities, and rooted in the principles of access, equity, and inclusion, we are committed to fostering a thriving, resilient economy. Our team is dedicated to equitable access to capital and creating economic opportunity for businesses of all sizes, especially those historically underserved by traditional financial systems. We foster a work environment that values diverse perspectives, encourages innovation, and celebrates our shared commitment to building a stronger Massachusetts.

We are seeking a strategic, relationship-driven Vice President of Growth Capital Lending to play a pivotal role in expanding access to capital for small businesses across Southeastern Massachusetts. This senior-level role manages the full deal lifecycle, from sourcing and structuring to closing and portfolio oversight, with a strong focus on impact lending, community development, and inclusive economic growth.

The ideal candidate brings deep expertise in small business or commercial lending, a passion for economic empowerment, and the ability to build trusted partnerships across diverse communities and stakeholders.

What You'll Do:

• End-to-End Loan Origination: Source, structure, and underwrite small business loan opportunities in collaboration with Credit Officers and the SVP of Growth Capital Lending.
• Pipeline Development: Cultivate relationships with entrepreneurs, financial institutions, referral sources, and ecosystem partners to generate a strong pipeline of mission-aligned lending opportunities.
• Deal Structuring & Execution: Lead transaction structuring, negotiate terms, and manage legal documentation, commitment letters, and closing processes to ensure accuracy, compliance, and timely execution.
• Portfolio Management: Oversee ongoing borrower relationships, conduct annual reviews, assess financial performance, monitor risk, and ensure covenant compliance.
• Reporting & Forecasting: Support the preparation and review of monthly and quarterly reports, budgets, and forecasts at both the program and agency level.
• Community & Partner Engagement: Represent MassDevelopment at industry events, panels, and community meetings to promote lending programs and forge partnerships with banks, CDFIs, and other agencies.
• Collaborative Leadership: Work cross-functionally with the Business Development Team to strengthen referral networks and support co-lending and participation strategies that maximize impact.

What We’re Looking For:

• Bachelor’s degree required; preferred fields include Finance, Accounting, Economics, or Business Administration.
• 5+ years of experience in small business or commercial lending, credit analysis, or portfolio management.
• Formal credit training and familiarity with SBA loan programs and subordinated debt structures are highly desirable.
• Proficiency in financial statement analysis, risk assessment, and cash flow-based lending.
• Demonstrated experience in loan documentation, closings, and legal compliance.
• Excellent communication skills, both written and verbal, with confidence in public speaking and relationship-building.
• Ability to work independently and as part of a mission-driven, collaborative team.
• Commitment to equity, inclusion, and advancing economic opportunity in underserved communities.
• Willingness to travel throughout Massachusetts for borrower meetings, closings, and outreach events.
• Bilingual or multilingual skills are a plus.

Benefits We Offer:

• Comprehensive Health Coverage: Including medical, dental, and vision insurance to keep you and your family healthy.
• Retirement Plans: Robust 401(a) and 457(b) plans with an agency match to help you plan for your future.
• Paid Time Off: Generous vacation, sickness, personal leave, and holidays allowing you to refresh and maintain a healthy work-life balance.
• Hybrid Work Environment: Helps you minimize the burden of a daily commute, for that ideal balance of work and personal life.
• Professional Development: Opportunities for continuous learning to help advance your career. Never stop learning with our tuition reimbursement and Student Loan Reimbursement programs.
• Wellness Programs: Access to wellness resources and programs to support your overall well-being.