Infrastructure Loan and Debt Manager (Grants, Loans, and Programs Manager 3)

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Job Description:

Business Oregon, is currently hiring an Infrastructure Loan and Debt Manager (Grants, Loans, and Programs Manager 3) to lead the state’s municipal infrastructure lending and fund management programs. This role oversees loan underwriting, portfolio performance, program compliance, and the development of lending policies that support critical community projects across Oregon. As the agency’s principal authority on municipal credit evaluation, fund stewardship, and lending standards, you will guide how local infrastructure projects are financed and help communities access sustainable, well‑structured loan programs.

Step into a high‑impact leadership role shaping how Oregon funds its most critical infrastructure. As the Infrastructure Loan and Debt Manager, you’ll steer the state’s Bond Bank Program, drive smart financing strategies, and lead a team advancing community‑building projects statewide. If you’re a municipal loan and debt expert ready to make a measurable difference for Oregon’s future, we want to meet you.

Note: We are looking for the right background and experience for this position and would consider underfilling this position at the Grant, Loans, and Programs Manager 2 classification.

We are committed to fostering a supportive work environment that promotes work-life balance and flexibility. This hybrid role offers partially remote work options, with the expectation of occasional in-office presence as needed to support business operations.

What you will do:

• Lead Oregon’s municipal infrastructure loan programs, including underwriting standards, credit evaluation, affordability analysis, and portfolio management.

• Supervise Public Finance Officers responsible for infrastructure funding programs, overseeing project development, financing coordination, asset management, contract monitoring, and program accountability.

• Supervise the Targeted Capital Manager responsible for Seismic Rehabilitation, Child Care, and Brownfields programs.

• Develop, implement, and refine lending policies, program procedures, and fund management practices to ensure consistent, compliant, and equitable program delivery.

• Ensure compliance with federal tax laws, state statutes, and agency policies governing loan programs and municipal debt management.

• Administer the Bond Bank as a financing mechanism, coordinating biennial issuances and ensuring compliance with regulatory requirements.

• Act as a liaison with municipalities, rating agencies, advisors, and financial partners to support community financing strategies and program transparency.

The ideal candidate will possess a combination of some or all the following skills:

• Expertise in Municipal Loan Underwriting and Loan Servicing, including creditworthiness evaluation, structuring loan terms, and managing municipal loan portfolios.

• Strong Knowledge of Fund and Portfolio Management, including affordability analysis, loan program performance, and financial controls.

• Experience Developing and Implementing Lending Policies, procedures, and program compliance frameworks.

• Demonstrated Leadership and Supervision Experience, including managing Finance Officers and mid‑level managers.

• Excellent Communication Skills, with the ability to explain complex municipal finance concepts to elected officials, agency leadership, and community partners.

• Strategic Planning and Policy Development Experience related to municipal lending and community infrastructure programs.

• Familiarity with Municipal Debt and Bond Issuance Processes (Bond Bank expertise helpful but not the primary requirement).

Please note: if you are interested in applying for this position, you must attach your current cover letter and resume to your application. Failure to submit the required documents will remove your application from consideration.

What you need to qualify:
Seven years of supervision, management, or progressively related experience;

OR

four years of related experience and a bachelor's degree in a related field.

To qualify for an underfill at the Grant, Loan and Program Manager 2 level:

Six years of supervision, management, or progressively related experience;

OR

four years of related experience and a bachelor's degree in a related field.

We are most interested in finding the best candidate for the job, and that candidate may be one who comes from a less traditional background. We encourage you to apply, even if you don't meet every one of our requested skills listed.

What Business Oregon does:

Business Oregon is the economic development agency for the state of Oregon. We have about 200 people on our team, and we work with communities and businesses. We use our programs and expertise to help businesses grow, so they can in turn add jobs, diversify the economy, and increase Oregon prosperity. We work with communities to enhance and expand infrastructure and community safety with projects such as water/wastewater systems, seismic rehabilitation for schools, or rural broadband development. This also sets the stage for future business development. Our mission is to invest in Oregon’s businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy, all carried out with an agency strategic plan.

The Economic Development Division (EDD) promotes business and economic development opportunities by removing barriers to business growth and job creation/retention. The EDD division services include assisting Oregon businesses and communities to access State incentive programs for public and private sectors. Incentive programs and assistance include business finance programs, global trade assistance, infrastructure financing and other community and economic development programs. Recruitment Officers, Regional Development Officers, Regional Project Managers, Global Trade Specialists, analysts, program specialists and coordinators, and loan officers work collectively in partnership with Oregon businesses and local communities to achieve the State’s economic development goals.

How to Apply:

Please Note: Applications must be submitted no later than 11:59 PM PDT/PST on April 22, 2026.

Complete the following required steps:

• Fill out the application. If you are a current State of Oregon employee, you must apply through your employee Workday account through the Jobs Hub.

• Attach your current resume and cover letter. Your cover letter should clearly demonstrate how your experience and training relates to the qualities that are listed under the “requested skills” section above.

  • Your cover letter must be limited to no more than two (2) pages.

  • Generic cover letters that do not address the qualities that you have under the “requested skills” section may receive lower scores than those that addressed the requested skills.

  • Clearly demonstrate in your resume and cover letter how you meet all the minimum qualifications and requested skills listed above.

  • Failure to submit the required resume and cover letter may remove your application from consideration.

• Complete the questionnaire. After you submit your application, please go to your Workday inbox and respond to the public records request authorization, and gender identity questionnaire.

  • Answer the checkbox-style questions in the questionnaire. This screen will come after you submit your application, which completes the process. If you are a current State of Oregon employee, the tasks will come to your Workday inbox.

• Warning – Workday will timeout after 15 minutes of inactivity and will not save your application progress unless you use the “save for later” function. If you need to take a break, please be sure to click the save for later button to save your progress. You will find your unfinished application in your Workday inbox.

Veterans, Disabled Veterans & State Servicemembers

• Eligible veterans and Oregon National Guard servicemembers (current and former) who meet the qualifications of the position will be awarded candidate preference. For more information, please visit Veterans Resources. Be sure to submit your documentation prior to the close date of this posting to have the preference considered. Click on the Veterans, Disabled Veterans & State Servicemembers link for additional information. The task to upload your documents will be available after you submit your application. For privacy reasons, please do not attach your military service document(s) to your application or combine it with any other required document attachments.

What’s in it for you:

• Work/life balance, generous benefit package, 11 paid holidays a year, 3 paid personal days, flexible work schedules, paid leave, employer contribution retirement plan (PERS), and so much more. Learn more about working at Business Oregon and the benefits we offer.

• Planning for your future. Pension plan, and deferred compensation packages.

• Deepening employee engagement by connecting and building strong teams, using enhanced communications, transparency, mentoring, and coaching.

• Care for our people and culture. At Business Oregon, we value community and foster a sense of belonging for our employees. We invest in our employees’ well-being including training and professional development, addressing burnout and other efforts that contribute to healthy, whole employees.

• Public Service Loan Forgiveness. If you’re employed by a government agency, you may be eligible. Learn more.

Additional Information:

• Business Oregon does not offer visa sponsorship. Within three days of hire, all applicants will be required to complete the US Department of Homeland Security's Form I-9, confirming authorization to work in the United States. Learn more.

• Hiring a successful candidate will be contingent upon the results of a criminal background check. Adverse background data may result in immediate disqualification.

• This recruitment will be used to establish a list of qualified candidates to fill the current position and may be used to fill future vacancies as they occur.

• Per the Pay Equity Law passed in 2017, a pay equity analysis will be conducted to determine what pay step the successful candidate will be offered. The analysis will be based on the relevant experience, education, training, and certifications documented in the application materials.

• This is a full-time, management service, exempt position and is not represented by a union.

• This is a PERS qualifying position. Employees new to the Public Employee Retirement System (PERS) will get a 6.95% base salary increase and will pay a 6% employee contribution to PERS, after an initial six-month waiting period.

• Are you looking to live in and experience Oregon? Learn more about life in Pendleton, Salem, and Portland.

Need help?

If you have questions about this position, please reach out to the Business Oregon Human Resources (HR) team at: Humanresources.biz@biz.oregon.gov

If you contact HR, please include the job requisition (REQ) number at the top of this job post.

It is our policy to provide reasonable accommodation for all applicants who may need it. Should you need assistance or accommodation, please contact the recruiter at Humanresources.biz@biz.oregon.gov to discuss how we can best meet your needs.

Business Oregon is an Equal Opportunity, Affirmative Action Employer.

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