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

RXinsider LTD.; Schaumburg (IL); Hybrid; USD 86,000 - 130,000; Full time

Benefits offered by this job

Hybrid work environment

Medical and dental benefits

401(k)

Job summary

Byline Bank, headquartered in Chicago and serving the greater Chicago and Milwaukee metro areas, seeks a Business Development Officer to expand commercial lending relationships and profitability. The role emphasizes working with clients, credit analysts, and cross-functional teams to deliver tailored lending solutions.

The position offers a hybrid work model with competitive salary bands and comprehensive benefits, reflecting Byline Bank's commitment to growth, collaboration, and community

Qualifications

• 2+ years of commercial lending experience in banking or financial services.
• Knowledge of commercial lending practices and credit analysis.
• Familiarity with SBA government guaranteed lending policies and procedures.

Responsibilities

• Develop and solicit new business from present and prospective clients to increase revenue and profitability.
• Work with credit analysts to analyze applicants' credit history and repayment capabilities.
• Negotiate loan 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 and product knowledge.
• Build relationships with businesses and referrals through professional and national networks.

Skills

Commercial lending

Relationship management

Credit analysis

SBA lending knowledge

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 $9.7 billion in assets and operates 45 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 solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender.

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in 2024-2025, 2025-2026.
• Chicago Sun Times Chicago’s Best Workplaces 2024
• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America’s Best Small Employers 2023

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 / Affiitivative 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.