Economic Development Specialist Position Available In Maury, Tennessee

Economic Development Specialist South Central TN Development District 101 Sam Watkins Boulevard, Mount Pleasant, TN 38474 The Economic Development Specialist provides essential support to the CDC Loan Officer, assisting with SBA 504 and commercial loan applications while ensuring efficient loan management and compliance. This role is responsible for tracking borrower requirements, maintaining financial reconciliations, managing loan payments, and supporting loan board committees. The Economic Development Specialist collaborates with the Finance Department on audits, invoicing, and budgeting, contributing to the overall success of the organization’s financial operations. Equipment/Work Environment The employee will operate a computer, calculator, fax and copy machines, and other modern office equipment. The employee typically works indoors in an office environment and may sit or stand for long periods of time. The employee may be required to lift objects such as journals and reports up to 25 pounds. The employee may be exposed to noise and foul odors.

Key Responsibilities :

• Work with CDC Loan Officer to process SBA 504 and revolving loan applications.
• Prepare and assemble loan closing documents and loan files for revolving loan programs.
• Provide assistance and counsel to business owners and entrepreneurs in preparation of loan applications.
• Meets with various financial and public institutions during the review process.
• Manage the Economic Development department’s scheduling to ensure efficient operations.
• Maintain borrower tracking systems, ensuring timely submission of required documents such as tax returns and insurance verifications.
• Track UCC-1filings and complete amendments with Tennessee Secretary of State.
• Perform annual risk ratings for the revolving loan portfolio to include credit risk rating analysis using tax returns/business financial statements and borrower loan compliance review.
• Manage monthly loan payments, calculating principal and interest amounts, and coordinating ACH transactions with the Finance Director.
• Oversee revolving loan bank accounts and monthly financial reconciliations, providing monthly financial reports to the CDC Loan Officer.
• Organize and coordinate loan board committee meetings, ensuring compliance with Robert’s Rules of Order.
• Organize and coordinate annual loan board training conferences and economic lending conferences.
• Coordinate marketing efforts for loan programs, developing outreach strategies to promote services and attract applicants.
• Create marketing materials, social media content, and presentations to engage potential borrowers and stakeholders.
• Support Finance Department with scanning, filing and special projects as assigned.
• Coordinate independent and departmental financial audits as well as insurance audits.
• Provide organizational support for various agency conferences and events as required.

Must be able to pass a criminal background check and provide a valid Tennessee Driver’s License and proof of vehicle insurance, with at least $250,000 limit of liability coverage.

Education and Experience Requirements:

• High school diploma or equivalent education, graduation from an accredited four-year college or university with a major in business administration, political science, planning or a related field.
• Experience in community development, governmental economics, or other related work of which some experience should have been in a management or administrative capacity.

USDA Non-Discrimination Statement “This institution is an equal opportunity provider and employer. If you wish to file a Civil Rights program complaint or discrimination, complete the USDA Program Discrimination Complaint Form, found online at http://www.ascr.usda.gov/complaint filing cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202 )690-7442 or email at program.intake@usda.gov.”

Job Type:

Full-time Pay:

$45,000.00 – $55,000.00 per year

Benefits:

Dental insurance Employee assistance program Health insurance Health savings account Life insurance Paid time off Retirement plan Vision insurance

Schedule:

Monday to Friday Ability to

Commute:

Mount Pleasant, TN 38474 (Required) Ability to

Relocate:

Mount Pleasant, TN 38474: Relocate before starting work (Required)

Work Location:

In person