Employment at MGCC

Open Position

Contact

Massachusetts Growth
Capital Corporation
529 Main Street
Schrafft Center, Suite 201
Charlestown, MA 02129

Tel: +1 617-523-6262
Fax: +1 617-523-7676

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Senior Commercial Loan Administrator

Company Description:
Massachusetts Growth Capital Corporation (MGCC) creates and preserves jobs at small businesses, including women and minority owned businesses, and promotes economic development in underserved, Gateway cities and low and moderate income communities.

Job Description:
Under the general direction of the Chief Credit Officer, you will perform a variety of administrative duties that pertain to the servicing of commercial loans. As a valuable MGCC team member, your duties will include:

  • Review loan documentation and data upon receipt of new and renewed loan packages.
  • Draft commitment letters in accordance with the approval document.
  • Quality check of pre-closing and post-closing legal documents.
  • Coordinate construction loan draw requests and process lines of credit advances.
  • Respond to payoff requests, prepare payoff documentation, release of UCC for business loans and discharge commercial loan mortgages.
  • Maintain and track insurance on business loans – business insurance, property insurance and key-person life insurance.
  • Assist in preparing Board of Directors and Credit Committee meeting minutes and packages; generate and distribute periodic management reports. Track expiration dates for business lines of credit.
  • Coordinate modification requests on business loans to ensure that all requested business loan modifications are completed accurately and in a timely manner.
  • Monitor and preserve lien position on business loans. Track, renew and terminate UCCs on a regular basis.
  • Respond to business loan servicing questions and resolve issues from a variety of internal and external sources such as Loan Officers, attorneys, and borrowers.
  • Coordinate and process related paperwork to maintain efficient work flow.
  • Perform related administrative tasks and special projects as may be required or assigned.

Qualifications & Skills:

  • 5 or more years of Commercial Lending servicing experience
  • Well-developed analytical, problem solving and organizational skills
  • Strong verbal and written communication skills
  • Able to manage multiple priorities
  • Strong attention to detail, able to work independently and meet deadlines
  • Proficient in Microsoft Word and Excel

Benefits:
MGCC offers a competitive salary and benefits package, including: health/dental/life insurance, employer-paid vision insurance, employer-contribution retirement plan, paid vacation and a student loan paydown plan.

MGCC is an Equal Opportunity and Affirmative Action Employer. MGCC enthusiastically urges women, minorities and people from a wide variety of backgrounds and experiences to apply.

To apply, please send your resume and cover letter to jobs@massgcc.com.