Senior Venture and Credit Analyst

It is the mission of Commerce to lead North Dakota's efforts to attract, retain and expand wealth and talent. We strive to improve the quality of life of the people of North Dakota, to broaden the State's economic base, create new wealth and generate quality jobs for our people. The ND Development Fund (NDDF) within Commerce is seeking a full-time Senior Venture and Credit Analyst to manage loan, investment, and grant programs, and present loan, equity and modification requests to the CEO and Board of Directors for the ND Development Fund.As the Senior Venture and Credit Analyst you will:Perform investment and underwriting duties, which include:Implement and manage the day-to-day execution of NDDF's investment underwriting policies, procedures, and guidelines. Perform initial review and analysis of accounts. Lead negotiations of financing packages with applicant companies and investment partners.Prepare investment documents, to include commitment letters and closing documents and working with legal counsel. Oversee the venture and credit analysis process to ensure alignment with the organization's strategic financial objectives and risk management protocols.Perform portfolio maintenance, which includes analysis and review, strategic evaluation, and structural modification proposals.Provide supportive relationship engagement to maintain and nurture relationships with Commerce developers, local developers, and financial organizations. Perform accounting and reporting dutiesManage the Angel Match Program, which includes developing and refining policies and procedures, regulatory reports, investment reviews and analyses of application packages.To be considered for this role, you must have a minimum of bachelor's degree and at least two years of experience working in venture capital, business banking, or managing economic development programs.Location: Commerce has a central office location in Bismarck and this position will be working remotely from any North Dakota location. Some travel is required.Hiring Salary Range is $6,648 - $7,500 monthly.

About Team ND

"Far and away the best prize life offers is the chance to work hard at work worth doing." - Theodore RooseveltMore than 7,500 talented, hard-working people across sixty-three agencies have come together as Team North Dakota. At Team ND, we are driven to succeed through gratitude, humility, curiosity and courage. Our purpose is to empower people, improve lives, and inspire success. Join us in being legendary.Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.

601 Commerce Application Procedures

Submit the completed online application including cover letter, resume, and three (3) business references.Application materials must be received at the Department of Commerce by 11:59 p.m. (CST) on the closing date.EMPLOYMENT REFERENCE: Prior to job offer, employment references may be checked.BACKGROUND CHECK: A criminal history and driver's license check will be performed on the successful candidate.Contact Denise Faber at 701-328-7282 or email at dfaber@nd.gov for more information or accommodation and assistance in the application or interview process.If you are experiencing technical difficulties with the Application Process or uploading attachments, please contact recruiter@nd.gov or 701.328.3290.Applicants must be legally authorized to work in the United States. The ND Department of Commerce does not provide sponsorships.https://www.commerce.nd.gov/ND Relay TTY 1-800-366-6888 / Voice 1-800-366-6889

Equal Opportunity Employer

The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. Sect. 23-12-10.