SBA Business Development Officer

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Job description

SBA Business Development Officer (BDO)/ REMOTE BASEDThe SBA Business Development Officer identifies, solicits and closes new SBA loans through business development activity within assigned markets.Essential Duties and Responsibilities:Conduct new business development activities to generate new fee income to meet department and individual goals.Prospect, market, structure and originate new SBA 7(a) and 504 loans.Identify, refer and introduce other business opportunities to internal product partners.Establish and maintain a network of referral sources able to bring potential SBA borrowers to the bank.Obtain complete financial packages from borrowers and prepare submission packages required for credit analysis. Follow up with borrowers to obtain additional information or clarification to ensure timely loan decisions.Deliver approved loan packages to borrowers to obtain required signatures and facilitate funding.Maintain an in-depth knowledge of SBA products as well as knowledge of competitors and competitive products.Ensure that all activities and work functions comply with compliance requirements, as defined in bank policies and procedures, sate/federal laws and regulations and the SBAs standard operating procedures and the code of Federal Regulations, thus protecting continuous status a s Preferred Lender under the PLP program.Critically think, formulate and support credit decisions, and logically defend position.Negotiate on behalf of the bank the borrower while appropriately balancing risk and shareholder value.Demonstrate a satisfactory understanding of and adherence to Bank operational policies and applicable compliance regulations as they relate to the specific job duties assigned.Job Requirements:The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Bachelors degree in business, finance, economics or other related field.5-10 years related experience in a similar lending environment or financial institution.Maintain a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues. Maintain a working knowledge of regulatory requirements for documentation and regulations relating to SBA lending.Ability to protect and maintain confidential information.Excellent written and verbal communication skills.Excellent organizational skills.