Loan Bureau Manager
Salary
$78,000.00 - $84,000.00 Annually
Location
25 - HINDS COUNTY, MS
Job Type
Full-Time
Job Number
9321-0411-20260603HND1
Department
0411 - MDA-MISSISSIPPI DEVELOPMENT AUTHORITY
Opening Date
06/04/2026
Closing Date
6/18/2026 11:59 PM Central
Agency Minimum Salary
$78,000.00
Agency Maximum Salary
$84,000.00
About the Agency
The Mississippi Development Authority (MDA) is the states lead economic and community development agency. MDA recruits new companies to Mississippi, helps existing companies expand and provides support to foster growth and new opportunities in a variety of areas, including energy, small and minority business, trade, film, retiree recruitment and more. Additionally, MDA attracts millions of visitors to the state each year through Visit Mississippi, the tourism division of the agency. MDA also supports pass-through funding and provides support for a variety of grant programs and non-profits, such as Innovate Mississippi and Mississippi Main Street Association.
About the Position
This position is with the Mississippi Development Authority, Business Incentives Division, and is located in Hinds County. The official MSPB classification title is Economic Development Specialist III. The working title for this position is Loan Bureau Manager. The incumbent will perform seasoned professional work managing and administering loan, bond, and financing programs that support business development, business retention, expansion, and economic growth in Mississippi. Programs may include Minority Business Enterprise, Capital Access, Existing Industry, Port and Airport Loan programs, and the Federal State Small Business Credit Initiative. The incumbent will provide technical assistance to businesses, local economic development organizations, local units of government, and other stakeholders regarding program requirements, application processes, financing options, policies, and procedures. Duties include reviewing and evaluating applications, coordinating servicing activities for financing programs, assisting with feasible financing packages, applying state statutes and program rules, preparing records and reports, and supporting the efficient administration of assigned programs. This position may also provide guidance, training, task coordination, and work review for assigned staff to support effective program operations and achievement of division objectives.
What youll need to be Successful
To be successful in this position, the applicant should have related experience in banking, commercial lending, agribusiness lending, loan processing, economic development financing, or a closely related field. The successful candidate should possess strong decision-making, communication, analytical, and organizational skills, with the ability to work effectively with businesses, local governments, economic development organizations, agency staff, and other stakeholders. Preferred skills include proficiency in Microsoft Excel and Word; knowledge of public administration, budgeting, administrative law, state purchasing or bid requirements; experience reviewing financial or program documentation; and experience assisting with program operations, staff guidance, training, or work coordination.
Preferred Qualifications
Typically requires a Bachelor's Degree and 3-5 years of experience. Hiring agency's preferred qualifications: The hiring agency prefers applicants with a Bachelor's Degree in business administration, finance, or a related field, and advanced experience in commercial lending, agribusiness lending, loan processing, economic development financing, or a closely related area. Preference may also be given to applicants with knowledge of state and federal regulations related to public administration; experience reviewing financial, loan, or program documentation; strong analytical and decision-making skills; and experience providing guidance, training, coordination, or work direction to staff.
Characteristics of Work
This is seasoned professional economic development work involving the administration, evaluation, coordination, and implementation of statewide business incentive, loan, bond, and financing programs. The incumbent reviews and evaluates applications from businesses, communities, local governments, and other applicants; provides technical assistance regarding program policies and procedures; coordinates financing and servicing activities; applies applicable statutes, rules, regulations, and program requirements; and provides guidance to staff and stakeholders regarding assigned economic development programs.
Examples of Work
Examples of work include administering state-supported loan, bond, and business incentive programs; coordinating servicing activities related to financing programs; providing technical assistance to businesses, local economic development organizations, local units of government, and other stakeholders; responding to program inquiries and disseminating program information; assisting applicants with incentive and financing application processes; reviewing, evaluating, and certifying applications; analyzing the strengths, weaknesses, and feasibility of industries, communities, or projects being considered for financing or incentive programs; coordinating financing packages for local entities or businesses; applying state statutes, rules, regulations, policies, and procedures; preparing financial, statistical, and program records and reports; processing requests for cash and related workflow documentation; using Microsoft Excel, Word, and other business systems; providing guidance, training, and task coordination to assigned staff; and performing related duties as assigned.
Minimum Qualifications
Typically requires a Bachelor's Degree and 3-5 years of experience.
Essential Functions
Essential functions include administering assigned economic development loan, bond, and financing programs; reviewing and evaluating program applications, financial information, project data, and supporting documentation; coordinating loan servicing and financing program activities; providing technical assistance to businesses, local economic development organizations, local units of government, and other stakeholders; interpreting and applying applicable statutes, rules, regulations, policies, and program requirements; communicating program information clearly to applicants and stakeholders; preparing and maintaining accurate financial, statistical, and program records and reports; processing requests for cash and related workflow documentation; analyzing project feasibility and assisting with financing recommendations; using Microsoft Excel, Word, and agency-supported systems; exercising sound judgment and decision-making; maintaining effective working relationships with business executives, public officials, agency staff, and external partners; providing guidance, training, and coordination to assigned staff as needed; and performing related professional economic development duties as assigned.
Health/Prescription Insurance
Eligible employees have the opportunity to participate in the state's health and prescription insurance program. Employees may select either single or family coverage with affordable co-payments. More detail can be found at Know Your Benefits.
Wellness Benefits
Employees are eligible for a wellness and health promotion program. This plan provides annual benefits for certain services with first-dollar coverage with no deductible.
Life Insurance
All eligible employees receive an actual term life insurance policy upon employment. The policy coverage is two times the employee's annual salary to a maximum of $100,000. More detail can be found at Life Insurance Choices.
Optional Insurances
Many agencies offer discounted premiums for dental, vision, and cancer insurance.
Flexible Spending Accounts
Many state agencies provide opportunity for employees to participate in pre-tax spending accounts. These accounts allow employees to withhold childcare expenses and unreimbursed medical expenses prior to application of state and federal taxes.
Paid Personal Leave and Sick Leave
Full-time employees receive paid time off for personal needs and for sick leave. Leave begins accruing after one month of employment and may be used as it is accrued. Employees earn approximately 18 days of personal leave annually and 12 days of sick leave annually.
Military Leave
In accordance with federal law, all employees serving in the armed forces or the military reserves are entitled to 15 days per year for military training.
Holidays
Employees receive up to 10 paid holidays to enjoy many of our nation's celebrations with family and friends.
Retirement Programs
The State of Mississippi provides all its employees a Defined Benefit/Defined Contribution Retirement Program. Employees become vested in the State's retirement system after 8 years of employment. Both you and your employing agency contribute toward your retirement. More detailed information regarding the State's retirement program can be found at http://www.pers.state.ms.us
Deferred Compensation
State agencies offer several opportunities for their employees to participate in a deferred compensation voluntary retirement savings plan. More information can be found at Deferred Compensation.
State Credit Union
All state employees are eligible to participate in the Mississippi Public Employees' Credit Union. This organization offers state employees special savings and borrowing plans. For more information about this program, call 601.948.8191.
Tuition Reimbursement
Many state agencies provide opportunities for their employees to achieve higher education through tuition reimbursement. Common programs include medical and nursing fields, accounting, and business/administrative fields.
Career Development and Training
The Mississippi State Personnel Board offers several management and administrative certification programs, as well as professional development courses to enhance employee value to the agency. Individual agencies also offer technical training and allow membership in professional organizations to employees in their specific fields of employment.
Promotional Opportunities
Employees who have completed 6 or more months of service are eligible for promotional opportunities within state government employment. Minimum qualifications must be met.
Career Ladders
Many job classifications provide career-ladder opportunities based upon attainment of competencies. These career ladders can increase an individual's salary, provided funds are available within the agency.
01
How many years of experience do you have? (Refer to the job posting for an explanation of related experience.)
02
What is the highest level of education (or semester hours of college) you have completed?
Required Question
Employer State of Mississippi
Address 210 East Capitol Street
Suite 800
Jackson, Mississippi, 39201
Phone 601-359-1406
601-359-1406