What are the responsibilities and job description for the SBA BUSINESS DEVELOPMENT OFFICER position at Northwest?
The Small Business Administration (SBA) Business Development Officer is responsible for leading business development with a primary focus on SBA lending and deposit growth while maintaining market leadership presence in the local community and serving as a resource for branch and partner SBA needs. The SBA Business Development Officer is responsible for aggressively soliciting and servicing prospective and current clients producing SBA 7a, 504 and USDA loans as well as generating and managing a portfolio of business and corresponding relationships, while seeking new accounts through calling efforts, marketing, and referrals.
Essential Functions
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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.
Education
Bachelor's Degree Business, Accounting, Finance, Economics, or Marketing preferred
Work Experience
Minimum 3 year SBA lending experience with 7a, 504 and USDA loans.
General Employee Knowledge, Skills, and Abilities
Proficiency in:
Additional Knowledge, Skills and Abilities
- Develop new and expanding existing business banking relationships
- Complete understanding of all financial products, target markets, and solutions with a strong emphasis on SBA and USDA credit, fee income, operating accounts, and treasury/cash management structure
- Develop partnerships with Branch Managers, Treasury Management Advisors and Trust and Investment Advisors to promote additional business opportunities and profitability for Northwest
- Quickly establish a consistent SBA business development cadence in the marketplace which includes but is not limited to, Call Planning and Follow-Up, Client Retention Calls, New Client Prospecting, Outbound Telephone Calling Efforts, Networking Events
- Responsible for sales, initial credit analysis, proper loan structuring (SBA loan packaging and submission)
- Interview applicants to develop information concerning their financial needs and repayment ability in order to assess acceptable level of risk
- Educates prospective clients about the Bank’s underwriting guidelines, SBA programs and all applicable government regulations
- Follow current loans to ensure complete compliance with terms
- Proactively keep abreast of industry trends
- 75% of calls prospecting new clients and relationships
- Achieve and exceed budget goals as assigned by Region
- Actively participate in community affairs
- Encourage clients to maintain their personal banking at Northwest
- Manage Business Banking SBA portfolio of both credit and noncredit clients
- Prepare electronic loan applications for submission to Credit
- Make loan presentations and recommendations to Credit, team leaders and senior line of business managers as required
- Partner with credit to ensure annual reviews and line of credit renewals are completed on a timely basis
- Ensure noncredit clients have appropriate treasury management and other related commercial services
- Ensure risk ratings are appropriate based on your knowledge of the client
- As required, collect on delinquent accounts
- Analyze financial statements and related credit material to assess risk on a continuous basis
- Complete loan closings as required
- Provide credit information and references for internal review as requested
- Ensure all credit files include current financial statements, agency reports, etc.
- Participate in continued sales and credit training
- Complete all required Compliance training in a timely basis
- Ensure compliance with all Regulatory requirements
- Acts as a mentor for branch and partner SBA needs
- Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
- Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
- Work as part of a team
- Work with on-site equipment
- Complete other duties and special projects as requested by management
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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.
Education
Bachelor's Degree Business, Accounting, Finance, Economics, or Marketing preferred
Work Experience
Minimum 3 year SBA lending experience with 7a, 504 and USDA loans.
General Employee Knowledge, Skills, and Abilities
Proficiency in:
- Ability to establish effective working relationships among team members and participate in solving problems and making decisions
- Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
- Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
- Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
- Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas
Additional Knowledge, Skills and Abilities
- Knowledge of all Treasury Management services
- Knowledge of credit, SBA (Express, SBA 7a, and SBA 504), and noncredit services and products
#LI-JB1
#LI-hybrid
Qualifications
Skills
Behaviors
:
Motivations
:
Education
Experience
Licenses & Certifications
Development Officer
Cleveland Lutheran High School Association -
Rocky, OH
Business Development
Fourth Phase Solutions -
Cleveland, OH
President & Chief Executive Officer
Better Business Bureau Serving Greater Cleveland -
Broadview, OH
