Greater Jamaica Development Corporation (GJDC) is a non-profit organization with a mission to advance responsible development to revitalize Jamaica, New York, and to expand economic opportunity and improve quality of life in our diverse community. We are seeking a Business Development Specialist to support the work of the organization's Revolving Loan Fund, "Southeast Queens Capital Access."
The primary goal of the Business Development Specialist is to work with staff from GJDC's Business Services Group to increase access to financing for local small businesses and to increase participation in certification programs by locally based Minority- and Woman-Owned Business Enterprises (MWBEs).
The position is a key part of a pilot project funded by a State agency and private contributions.
Job Description
The Business Development Specialist will:
- Participate in outreach efforts by the Business Services Group to identify small businesses that can benefit from technical assistance to enhance loan readiness or obtain financing
- Work with GJDC staff or independently to advise local small businesses on credit and financing and maintain records of all advisory services provided by GJDC
- Obtain and assemble documentation to complete loan applications
- Facilitate applications for MWBE certification through the Department of Small Business Services, including the Minority and Women-owned Business Enterprise (M/WBE) Program, the Emerging Business Enterprise (EBE) Program and the Locally-based Business Enterprise (LBE) Program
- Obtain and record data on the impact of GJLDC loans on business operations and economic opportunity
- Service closed loans; strategize with senior staff on how to help borrowers resolve issues that interfere with performance
Knowledge, Skills and Qualifications
- Required:
- A basic understanding of balance sheets, P&L statements and tax returns
- Minimum of 3 years of experience in the private sector or one year of experience plus a 4-year degree in Accounting, Business Administration or a related field
- Fluency in Excel
- Strong verbal, relationship development and organizational skills
- Preferred:
- 5 years of experience in the finance, insurance or real estate sectors; OR, at least 3 years of experience plus a 4-year degree in accounting or business administration
- Knowledge or experience in economic development
- Knowledge or experience in credit analysis
- Experience in providing advisory services to small business
