VVREO is powered by our Board of Directors and Associates who help support our committees. We currently have a need for a part time paid person with loan administration experience. If you are interested in shaping the future success of our region let us know.
Overview:
Under the direction of the VVREO Board and Capital Creation Committee (CCC), the Revolving Loan Fund Manager will manage, and support activities related to the VVREO Revolving Loan Fund (RLF). The manager plays a vital role in oversight and management of the loan funds and loan process, loan evaluation and monitoring, partnerships and technical assistance, and outreach and promotion for the loan program. The manager will work closely with funders to ensure compliance of existing funds as well as seek opportunities to acquire additional loan funds.
Key Responsibilities:
Revolving Loan Fund Growth and Management:
- Manage loan process from application, CCC review, Board decision, loan closing, monitoring, and any changes. Review loan applications and assess potential funding viability. Ensure loan documents are complete, accurate, and compliant with organizational policies. Facilitate the preparation of loan documents Monitor loan performance, including financial reporting and compliance with repayment terms.
- At the direction of the Board, grow the availability of loan funds to best serve small business development. This may include grant writing, funding proposal development, leveraging partnerships and other appropriate solutions.
- Regularly meet with the CCC. Inform the CCC on loan program development, performance, interested borrowers, current status of borrowers, and changes. Prepare meeting agendas and loan recommendations.
- Liaise with legal and accounting teams to support accurate reporting and documentation.
- Comport VVREO’s loan policy. Make updates as necessary.
- Initiate, maintain and/or document a variety of files, records, processes and procedures, schedules, meetings, and appointments.
- Work with bookkeeper and treasurer as necessary to prepare information to for the Revolving Loan Fund
Funding Compliance:
Currently, the USDA – Rural Development (USDA-RD) and the State’s Office of Economic Opportunity OEO) currently provide funding to the VVREO RLF.
- Manage technical assistance grant funds.
- Ensure compliance with funders, their funding agreements, and regulations. This includes creation of timely detailed and accurate reports to funders on loan activity, impacts, expenditures, and compliance.
Outreach, Promotion, and Communication:
- Work with the Small Business Development Center (SBDC) and other entities to provide assistance to applicants and borrowers.
- Build and maintain strong relationships with small businesses, applicants, borrowers, program partners, and other small business lenders.
- Promote the loan program through presentations to local organizations and potential clients.
- Communicate with clients to guide them through the application and loan management processes.
Administration and Coordination:
- Attend CCC meetings and prepare supporting documentation.
- Assist in budget preparation, monitoring expenditures, and collecting performance metrics.
- Keep leadership informed of program progress, challenges, and opportunities for improvement.
- Research and stay current on economic development practices, loan fund trends, potential funding sources, and relevant regulations.
Skills and Qualifications:
Knowledge of:
- Loan administration processes and financial analysis.
- Federal and state compliance for grant and loan funds.
- Business resources, needs, and operations
Skills in:
- Oral and written communication, including technical and non-technical language, and grant-writing.
- Building and maintaining professional relationships with key stakeholders and potential borrowers.
Ability to:
- Organize and manage multiple tasks under time-sensitive deadlines.
- Solve problems creatively and logically.
- Handle confidential information with discretion and professionalism.
Desired Qualifications:
- Bachelor’s degree in business, finance, or related field preferred, or equivalent professional experience.
- Experience in commercial loan processing, economic development, or financial services.
- Familiarity with local industries, particularly in the Verde Valley.
- Strong proficiency in compliance, loan management, relationship management, and business development assistance.
Compensation and Benefits:
This position is to function as an Independent Contract Consultant and will be required to invoice VVREO monthly for the work and expenses incurred. This is a part-time role, and the time commitment required is typically 40-50 hours a month.
Application Process:
Interested applicants should send a resume and cover letter to adminstration@vvreo.com. Applications will be reviewed on a rolling basis.