Business Development Officer

Byline Bank; Chicago (IL); Hybrid; USD 86,000 - 130,000; Full time

Benefits offered by this job

Medical coverage

Dental & Vision

401k + PTO

Job summary

Byline Bank in Chicago, IL, is seeking a Business Development Officer to grow the commercial lending portfolio and strengthen client relationships. You will work with credit analysts to evaluate loan applications, negotiate terms, and help tailor solutions for borrowers while delivering exceptional customer experience.

The role offers a hybrid schedule with a mix of remote and in-office work, and opportunities to collaborate across teams in a growing community bank.

Qualifications

• 2+ years of commercial lending experience.
• Knowledge of SBA lending policies and procedures.
• Strong relationship management and business development sales skills.
• Ability to structure loans to meet bank and borrower needs.

Responsibilities

• Develop and solicit new business from present and prospective clients to increase revenue base and profitability.
• Analyze credit history of applicants with credit analysts to determine repayment capabilities.
• Negotiate credit terms, costs, repayment methods and collateral specifications.
• Negotiate interest rate structures in line with bank policies and market rates.
• Support relationship banking through ongoing client contact, service and product knowledge.
• Build relationships with businesses and prospects through professional and national contacts and referrals.

Skills

Business development

Relationship management

Credit analysis

Negotiation

Customer service

SBA lending

Education

Bachelor's degree preferred

Job description

Salary Range: $86,000.00 To $130,000.00 Annually

About Byline Bank

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender.

• U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
• Newsweek’s America’s Greatest Midsize Workplaces for Women 2026
• Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026
• Chicago Sun Times Chicago’s Best Workplaces 2024, 2025
• Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

What you need to bring…

An interest in SBA Lending and Commercial Banking and working with people, building relationships and providing the best customer experience possible is essential to this role.

Business Development Officer Core Responsibilities:

• Work independently to develop and solicit new business from present and prospective clients to increase revenue base and overall profitability.
• Work with credit analysts to analyze the credit history of applicants and determines their loan repayment capabilities.
• Negotiate credit terms, such as costs, loan repayment methods and collateral specifications.
• Negotiate interest rate structure to be consistent with bank policies and procedures, and to be competitive with current market rates.
• Support the bank’s relationship banking culture through on-going customer contact, quality customer service, and product knowledge.
• Build relationships with other businesses and prospective customers through, professional and national contacts and current customer referrals.

Requirements:

• A Bachelor’s degree preferred, but not required.
• 2+ years of commercial lending experience in banking or financial services.
• Knowledge of commercial lending experience.
• Familiarity working knowledge of SBA government guaranteed lending policies and procedures.
• Strong relationship management and business development sales skills including ability to communicate effectively.
• Knowledge of commercial banking practices, including financial statements and credit analysis.
• Ability to structure loans to meet the needs of bank & borrower.
• Formal credit training is preferred.

Physical Demands/Work Environment:

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits:

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is between $86,000 to $130,000 + incentive

In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information:

Byline Bank is an Equal Opportunity Employment / Affiative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.