Cannabis Equity Business Loan Administrator
Job no:
Work type: Full-Time (Salaried)
Location: Henrico, Virginia
Categories: Audit and Finance
Title: Cannabis Equity Business Loan Administrator
State Role Title: Salary Non-Specified
Hiring Range: Hiring range for this position is $84,114 - $96,731, commensurate with education and experience
Pay Band: UG
Agency: VA Cannabis Control Authority
Location: VA Cannabis Control Authority
Agency Website: cca.virginia.gov
Recruitment Type: General Public - G
Job Duties
Loan Fund Administration
• Manage day-to-day operations of the Equity Business Loan Fund.
• Manage day-to-day aspects of the fund's CDFI collaboration
• Oversee loan application intake, review, and processing, disbursements and applicant communications.
• Ensure compliance with fund guidelines, underwriting standards, and regulatory requirements.
• Maintain accurate records of grant and loan approval and funding timelines, grant and loan disbursements, loan repayments, borrower compliance, and fund communications.
• Assist in loan fund performance evaluation and assessment and preparation of the annual report.
Client Support & Technical Assistance
• Provide guidance to applicants throughout the loan and/or grant process.
• Assist clients in preparing financial documentation and business plans.
• Refer clients to business development resources and financial counseling as needed.
• Monitor borrower progress and offer post-loan support.
Underwriting & Risk Management
• Conduct financial analysis and risk assessments of loan applications.
• Collaborate with underwriting teams or committees to evaluate loan eligibility.
• Recommend loan terms and conditions based on client capacity and fund policies.
• Track portfolio performance and identify potential risks.
Community Relations
• Promote the loan fund through outreach events, workshops, and marketing campaigns.
• Build relationships with community organizations, financial institutions, and local governments.
• Advocate for equitable access to capital and inclusive lending practices.
• Collect feedback from stakeholders to improve fund accessibility and impact.
Reporting & Compliance
• Prepare regular reports on fund performance, grant and loan activity, and impact metrics.
• Ensure compliance with federal, state, and local regulations.
• Support audits, evaluations, and funder reporting requirements.
• Maintain confidentiality and data integrity in all operations.
Other duties as assigned
• Follow workplace safety regulations and adhere to applicable standards, processes, and programs established for your position.
• Report unsafe work conditions to your supervisor.
• Immediately report work-related incidents to your supervisor and participate in accident investigation requests.
Minimum Qualifications
KNOWLEDGE, SKILLS AND ABILITIES
• Principles of community lending, small business finance, and economic development.
• Loan underwriting, portfolio management, and compliance standards.
• Barriers to capital access for underserved populations. Grant and fund management practices.
• Strong financial analysis, reporting and documentation review skills.
• Excellent communication and interpersonal abilities.
• Proficiency in loan management systems and financial software.
• Project management and organizational skills.
• Build trust with diverse communities and stakeholders.
• Navigate complex regulatory and compliance environments.
• Work independently and collaboratively across teams.
• Adapt to changing program needs and priorities.
Recommended Education
• Bachelor's degree in Finance, Accounting, Business Administration, Public Administration, Economics, or a related field, or equivalent combination of education and professional experience.
Recommended Experience
• Minimum of 4 years of experience in loan fund administration, financial services, mission-driven finance, and/or economic development.
• Experience working with underserved communities and small businesses.
Additional Considerations
Optional Education
• Master's degree preferred or equivalent experience in accounting, finance, business administration, public administration, economic development, or community development finance.
Special Instructions
You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to "Your Application" in your account to check the status of your application for this position.
Contact Information
Name: VCCA Recruitment Team
Phone: 804-653-9735
Email: recruitment@cca.virginia.gov
