Managing Director, Access to Capital Program

Managing Director, Access to Capital Program


8 South Michigan Avenue, Chicago IL



Posting Date: 

July 2nd, 2019

Closing Date: 

August 31st, 2019

Description of Opportunity: 

The Managing Director of the Access to Capital Program manages and focuses on the growth of the Program, including the direct loan fund, as well as leverages partnerships with traditional and non-traditional financial institutions. The WBDC understands that access to capital is critical for business success, especially for those in underserved markets, including women, minorities, and low to moderate income communities in our service area. With the strategic mission of the WBDC in mind, the Managing Director builds the organization’s capacity to interact with clients seeking access to capital and assists with their capital goals. The Managing Director analyzes the organization’s direct lending portfolio, assists clients with financial statements in preparation for seeking capital, completing loan packages, performing daily credit underwriting, and assisting in the continual promotion of the Access to Capital Program.

Reports To: President and Chief Executive Officer


  • Participate in the organization’s strategic initiatives. Helps develop, execute and sustain these initiatives in collaboration with the CEO and other managing directors of the organization.
  • Develops opportunities with potential investors, including governmental bodies and corporate/foundation entities.
  • Leads the development of relationships with community partners, local chambers of commerce, small business development centers, elected officials, banks, and local business organizations, in collaboration with WBDC leadership and development staff.
  • Responds to proposals, creates budgets and forecasts, and pursues fundraising opportunities for the Access to Capital Program.
  • Represents the WBDC at trade shows, supplier diversity events and other events that benefit the WBDC and its clients and advocates on issues of access to capital for small businesses.
  • Provides oversight on the WBDC Direct Lending Program. Leads and directs the organization’s overall loan portfolio. Establishes the organization’s policies and procedures regarding lending activities in order to provide long-term portfolio growth. Duties include, but not limited to:
    • Setting forth credit policies;
    • Reviewing portfolio performance and managing credit exposure risk;
    • Reviewing loan applications and supporting documentation;
    • Managing outreach and pipeline activities;
    • Managing delinquencies and recovery payment activities;
    • Auditing loan files for completeness; and
    • Managing loan portfolios and loan collections.
  • Propose new lending products to meet needs of target client base.
  • Organize the compilation of statistics and other information required for Access to Capital Program funder reports.
  • Manage the work of third party entities in their provision of post-closing loan services to the WBDC and other vendor relationships.
  • Provide individual counseling, workshops, and classes on business finance.
  • Assist clients with debt and equity placement with external partners, including traditional and non-traditional financial institutions. Assistance includes loan package preparation including, but not limited to:
    • Assessing client readiness,
    • Determining appropriate placement of debt or equity, and
    • Analyzing financial statements.
  • Manage City of Chicago Diversity Outreach contract to include reports, vouchers, and attendance at quarterly meetings.
  • Other duties as indicated by scope of work.
  • Contribute to the overall mission and goals of the WBDC.

Required Skills & Qualifications:

  • 7-10 years of business and finance experience
  • High analytical and financial acumen
  • Highly proficient with Microsoft Office Suite
  • Excellent written and verbal communication skills
  • Formal bank credit training program required
  • Familiarity with alternative lending sources for small businesses preferred
  • Passion for economic development and women’s issues
  • Bachelor’s degree required, advanced degree preferred

We Offer You:

We offer you a competitive benefits package and tremendous potential with a growing mission-focused organization. Benefits include:  health, dental, vision, short term and long term disability insurances; long term care, life insurance, and 401(k) retirement plan with matching benefits. The salary range is $80,000 – $90,000.

About the WBDC:

The Women’s Business Development Center (WBDC) is a nationally recognized 501(c)3 economic development  organization headquartered in Chicago with over 33 years of successful experience assisting women establish and grow sustainable businesses that create jobs and fuel economic growth. The organization delivers business development programs and services throughout the Greater Chicagoland area and, also certifies women-owned businesses and offers procurement services in a nine-state Midwest region with offices in Chicago, the Twin Cities, Milwaukee, Kansas City, and St. Louis.

Position available immediately. The Women’s Business Development Center is an Affirmative Action and Equal Opportunity Employer. Further information on the WBDC is available at


  • Please upload your resume in PDF format.
  • Please upload your cover letter in PDF format.