Business Development Officer — SBA & Commercial Lending

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

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.