Illinois Business Financial Services – New Jobs Posting: PRESIDENT/CEO

Illinois Business Financial Services (IBFS), based in Peoria, IL, is a Certified Development Company (CDC) that operates the U.S. Small Business Administration (SBA) “504 Loan Program” and other economic development programs in the State of Illinois. The 504 Loan Program is designed to help small businesses secure funding for real estate and heavy equipment to start-up or expand their businesses. IBFS’ Vision is to drive long-lasting financial change in the economically underserved communities of Illinois, and its mission is to partner with lenders to provide long-term, lower-rate financing options through the SBA 504 loan program in Illinois.

Join our growing team and help us grow small businesses in Illinois!

PRESIDENT/CEO (Executive Director) Position - Full-Time

Basic Function and Responsibility:

The IBFS President/CEO works with the IBFS Board of Directors, Executive Committee and manages staff to ensure that the organization’s strategic mission, vision, goals and tactics are successfully executed – from all financial objectives and business volume perspectives to personnel, policy and organizational management. The President/CEO is responsible for the overall growth and sustainability of the organization as well as providing reviews and updates to the Board and SBA on a regular basis.

In addition to general organizational administration, the IBFS President/CEO oversees both of IBFS’ primary functions, which include Business Development and Loan Operations as detailed further under Duties and Responsibilities below.

IBFS is currently a small, flat organization requiring a hands-on CEO capable of higher-level strategic thinking as well as managing day-to day teamwork and personally contributing to task loads.

IBFS is headquartered in Peoria, IL

Reports to IBFS Board of Directors

Duties and Responsibilities:

Relationship to the IBFS Board of Directors:

Responsible for planning and implementation of all quarterly, annual and additional Board meetings
With the help of the Board Chair/Executive Committee, develops agendas for full Board and Executive Committee meetings so that the Board and the Executive Committee can effectively fulfill their legal, fiduciary and advisory responsibilities.
Leads annual Strategic Planning
Implements and administers all major policies adopted by the Board and recommends to the Board, for its review and approval, new policies as needed.
Specifically works with the Board to ensure that all necessary and appropriate opportunities for economic development are explored and pursued.
Ensures that members of the Board are fully informed, advised and consulted as to the condition of the organization and any important factors influencing and affecting it, approving any policy or program changes as required and consistent with the Board’s role in the organization’s governance.
Consults with the Executive Committee and committee chairs in between Board meetings and where more immediate action is required. The Executive Director brings relevant policy, operational, financial or personnel decisions before the Executive Committee for decision as is necessary and appropriate.
The President engages with the Executive Committee in a performance review that occurs at least once a year.

Representation of the CDC:

Represents the CDC with its major customers: the financial community and the public.
Serves, with the Board Chair, as chief spokesperson for the organization and sees that the organization is properly represented to lenders, economic development partners, city officials and the business community.
Undertakes as many presentations, talks, or appearances as possible to increase the visibility and promote the mission of IBFS.
Develops and maintains relationships with other related organizations that provide economic development.

General Staff Management:

Ensures that the development and implementation of personnel development plans and programs will provide the human resources necessary for the achievement of the organization’s mission.
Takes initiative to address and solve personnel and program problems, issues and concerns in a timely and efficient manner.
Maintains a climate that attracts, keeps and motivates top quality people at all levels of the organization – both paid and volunteer

Primary CDC Functions Management:

Oversees the IBFS Business Development function, which includes both the marketing and processing of the SBA 504 program by:
MARKETING - Personally engaging with potential/current IBFS clients (borrowers and lending institutions) through engagement of the local business community ranging from new entrepreneurs, to existing small businesses, lending institutions, and various local community/government organizations to generate leads for SBA 504 Loan opportunities and other economic development activities.
Marketing engagement includes any tools to accomplish business development goals, including the annual marketing plan spanning in-person, online, and print outreach
Manage client, resource partner, and internal IBFS staff relationships in the successful PROCESSING of complex loan project paperwork to evaluate credit worthiness, gain SBA approval, close and fund loans. Business Development is responsible for hands-on processing activities
Oversees the IBFS Loan Operations Function, which includes ensuring organizational compliance, executional excellence, and continuous improvement of IBFS’ general business operations across all Loan Packaging and Processing functions – from Loan Origination to Closing, Funding, Servicing (Portfolio Management) and Auditing

Administrative Management:

Makes certain that the flow of funds and management of costs permits the organization to make steady progress towards the achievement of its mission and that those funds are allocated properly to reflect present needs and future potential.
Responsible for overseeing accountant and all accounting management procedures
Manages all HR-related functions, including payroll, staff performance reviews, etc
Manages all SBA entity relationships
Manages all audit processes

Other Duties:

Maintain confidentiality in all aspects of client, staff, and agency information
Meets performance plan objectives as outlined in annual review process
Functional cross-training on Ventures+ system
As assigned by IBFS Board of Directors

Required Skills/Background:

Ideal candidate has SBA 504/CDC experience
Hands-on mentality: ability to lead a small organization by thinking high-level strategy while simultaneously managing day-to day teamwork and personally contributing to task loads
Bachelor’s in Business or related field
5+ years of lending experience; or equivalent combination of education and experience. Commercial lending a plus. SBA lending an added plus.
Excellent communication, analytical, administrative and interpersonal skills

Significant experience in:

Program design and evaluation, budgeting, development, organizational problem solving, crisis management and volunteer management
Demonstrated leadership, record of accomplishment and commitment to resource and community development, public and/or private.
Proficient with Microsoft Office Suite
Comfort with Microsoft SharePoint, Google Docs or other electronic/cloud filing systems
Comfort with remote/virtual communications & technology
Ability to learn new software platforms specific to SBA 504 loan management as well as other IBFS marketing and outreach software/tools
Ability to travel throughout Illinois as needed and infrequently for national trainings, meetings
Staff supervision

Illinois Business Financial Services

456 Fulton St. Suite 370

Peoria, IL 61602

Illinois Business Financial Services

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