Business Development Officer (Remote- IL, WI , IN)

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

Benefits offered by this job

Medical coverage

401k plan

Paid time off

Dental coverage

Job summary

Byline Bank in the Chicago area is seeking a Business Development Officer to help grow the commercial loan portfolio and build lasting client relationships. You will work with credit analysts to assess credit histories and structure loans that meet customers' needs, while negotiating terms to align with bank policies and market rates.

The role offers a hybrid work arrangement, balancing remote work with in-office days based on business needs.

Qualifications

• 2+ years of commercial lending experience in banking or financial services.
• Knowledge of SBA lending policies and procedures.
• Strong relationship management and sales skills including ability to communicate effectively.

Responsibilities

• Develop and solicit new business from present and prospective clients to increase revenue base and profitability.
• Work with credit analysts to analyze the credit history of applicants and determine 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.

Skills

Relationship management

Business development

Communication skills

Education

Bachelor’s degree preferred

Job description

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.

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.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• 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

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