SBA Business Development Officer - NJ / PA

Valley Bank; Fairfield (NJ); On-site; USD 80,000 - 100,000; Full time

Job summary

Valley Bank is seeking a qualified candidate for the SBA Lending Officer position in Fairfield, New Jersey. The role involves soliciting new business, establishing relationships, and handling SBA loan requests. Key skills include knowledge of commercial lending, sales abilities, and strong communication skills.

The ideal candidate will have at least 3 years of experience in SBA or commercial lending and a strong understanding of SBA regulations. Valley Bank values community engagement and expects the candidate to participate in civic activities.

Qualifications

• 3+ years of SBA or commercial lending experience is required.
• In-depth understanding of SBA SOP and related changes is necessary.
• Strong relationship-building and networking abilities are essential.

Responsibilities

• Originate and structure SBA loan requests.
• Build strong referral networks and client relationships.
• Coordinate loan closings to ensure compliance with policies.

Skills

Knowledge of commercial lending process

Sales and negotiation abilities

Excellent communication skills

Strong analytical skills

Financial acumen

Proficiency in Windows and Salesforce

Education

High school diploma or GED

BA or BS degree in Business or Finance

Tools

Salesforce

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Responsibilities Include But Are Not Limited To

• Solicit new SBA business from present and prospective clients. Conduct calls and other marketing efforts focused on prospects, clients, internal referral sources, and external referral sources.
• Establish strong referral network and relationships with internal partners as well as commercial real estate agents, brokers, CPA's, accountants, attorneys, and other Centers of Influence (COI's).
• Call on potential SBA customers with business partners. Educate the borrower on SBA process, structure, and set expectations.
• Analyze, determine eligibility, originate, and structure SBA loan requests.
• Submit complete documentation packages to the credit and packaging departments. Assist in the credit analysis and underwriting process.
• Attend business partner meetings, to develop strong relationships with internal partners and to discuss SBA Lending and possible SBA prospects.
• Coordinate with lenders, SBA Administration, Loan assistant/closer, and closing attorney to insure loan closings are in compliance with bank policy, banking regulations, and SBA SOP.
• Stay actively involved in NAGGL and other forms of SBA training in order to be current on policies and procedure.
• Develop and maintain intimate knowledge of the SBA SOP and subsequent changes.
• Refer conventional lending opportunities, treasury solutions, insurance, residential mortgage, and deposit relationships to bank partners.
• Participate in civic and community activities to promote the SBA Program and Valley National Bank.

Required Skills

• Thorough working knowledge of the commercial lending process, credit analysis, management of loan portfolios and all related laws and regulations
• Develop and maintain intimate knowledge of the SBA SOP and subsequent changes.
• Ability to sell and negotiate.
• Ability to meet sales goals.
• Excellent interpersonal, verbal and written communication skills.
• Strong analytical and problem-solving skills.
• Strong financial/business acumen.
• Proficient in Windows software, including Word, Excel, Outlook as well as sales and tracking software such as Salesforce.

Required Experience

• High school diploma or GED.
• Minimum of 3 years SBA or commercial lending experience.

Preferred Experience

• BA or BS degree in Business or Finance field.