Commercial Loan Specialist II

chfa job description

nature of position

This position will be responsible for supporting community development lending activities that include; oversight of construction loan draw submittals and approvals, Davis Bacon wage determinations and compliance, and primary support for the State Small Business Credit Initiative (SSBCI) and other Business Finance lending programs. This position reports to the Manager – Commercial Operations and Underwriting.

core desired skills

• Commercial Lending Operations
• Regulatory and Compliance Knowledge
• Financial Analysis and Attention to Detail
• Customer and Partner Relationship Management
• Organization and Project Coordination
• Communication and Collaboration

essential functions

• Review borrower generated construction draw submittals for completeness and accuracy.
• Track construction draw progress relative to the overall budget, verify receipt of appropriate lien waivers, and obtain necessary approvals for funding.
• Verification of appropriate Davis Bacon wage determinations and ongoing payroll compliance reviews
• Prepare and submit Davis Bacon semi-annual report to HUD
• Work directly with lending partners to setup bank accounts for the various SSBCI programs and loans
• Fund new Cash Collateral Support loans and track balances of outgoing and incoming funds from the SSBCI account
• Prepare and submit quarterly and annual reports to the State and Federal government.
• Participate in and contribute to all activities and/or projects that directly support CHFA in fulfilling its mission and achieving its vision through dedication to the community in which CHFA serves, operational excellence, and fiscal responsibility
• Oversight of other special projects and perform all other duties as assigned

knowledge, skills, and ability

Must possess:

• Review borrower generated construction draw submittals for completeness and accuracy.
• Track construction draw progress relative to the overall budget, verify receipt of appropriate lien waivers, and obtain necessary approvals for funding.
• Verification of appropriate Davis Bacon wage determinations and ongoing payroll compliance reviews
• Prepare and submit Davis Bacon semi-annual report to HUD
• Work directly with lending partners to setup bank accounts for the various SSBCI programs and loans
• Fund new Cash Collateral Support loans and track balances of outgoing and incoming funds from the SSBCI account
• Prepare and submit quarterly and annual reports to the State and Federal government.
• Participate in and contribute to all activities and/or projects that directly support CHFA in fulfilling its mission and achieving its vision through dedication to the community in which CHFA serves, operational excellence, and fiscal responsibility
• Oversight of other special projects and perform all other duties as assigned

Abilities that reflect our values:

• Ability to continuously improve and develop knowledge and skills, while adapting quickly to changing circumstances and processes
• Ability to work towards inclusion in all activities and decisions through the solicitation and appreciation of diverse perspectives
• Ability to exercise personal accountability in all activities and decisions
• Ability to embrace a culture of operational excellence to ensure processes are continually evaluated and improved as necessary
• Ability to operate with a sense of integrity
• Ability to have fun with a demonstrated sense of humor
• Ability to establish rapport with people of diverse ethnic, racial, and cultural backgrounds

experience/education

 Must have at least three (3) years of work experience in lending environment, preferably with commercial emphasis. Bachelor’s degree in Finance, Accounting, or related discipline or equivalent experience desired; Accounting and/or finance classes or previous banking experience in other areas of focus are helpful.

equipment used

Personal computer, Smartphone, computer printer equipment, calculator

work environment

The incumbent in this position will perform the essential functions of the position primarily in an office/hybrid environment, which requires sitting at a desk most of the day, with or without accommodation. This position requires moderate levels of interaction and collaboration with others.

validation statement

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform. This position requires moderate levels of interaction and collaboration with others.

hiring range

$66,000 - $79,000 + bonus opportunity

benefit information

• Comprehensive medical, dental, and vision insurance plans, with competitive rates
• Generous Paid Time Off, including paid volunteer time, and leave programs
• Please visit our benefits page for additional information,www.chfainfo.com/careers/compensation

how to apply

• External candidates: Please apply online atchfainfo.com > Careers Tab

All applications are strongly encouraged before September 25, 2026. This posting is expected to remain open until the position is filled.

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority prohibits unlawful discrimination against applicants or employees on the basis of age 40 years and over, race, sex, sexual orientation, gender identity, gender expression, color, creed, religion, national origin, ancestry, disability, military status, genetic information, marital status or any other status protected by applicable federal, state or local law. Requests for reasonable accommodation, the provision of auxiliary aids, or any complaints alleging violation of this nondiscrimination policy should be directed to the Nondiscrimination Coordinator, 1.800.877.2432, TDD/TTY 800.659.2656; CHFA, 1981 Blake Street, Denver, Colorado 80202-1272; chfainfo.com/nondiscrimination, available weekdays 8:00am to 5:00pm.