SBL Business Development Officer

First Merchants Bank; Alabama; On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance

401k

Vacation/Sick Time

Paid Holidays

Paid Parental Leave

Tuition Reimbursement

Additional Benefits

Job summary

First Merchants Bank is seeking an SBL Business Development Officer to join their team in Alabama. This role is critical for managing and originating quality SBA loans. Candidates must have a Bachelor's degree in Business, Finance, or Accounting, along with at least five years of experience in originating SBA loans. Responsibilities include managing clients, handling compliance, and cultivating external relationships. The position offers competitive pay with bonuses, and a comprehensive benefits package including medical insurance, 401k, and tuition reimbursement.

Qualifications

• 5+ years of experience successfully originating SBA loans.
• Excellent understanding of SBA SOP and loan eligibility requirements.
• Ability to spread loans with proper credit underwriting knowledge.

Responsibilities

• Identify and cultivate relationships with external referral sources.
• Manage a pipeline of high-quality SBA loan transactions.
• Assemble and prepare standard loan packages for submission.
• Maintain compliance with all regulations and requirements.

Skills

Sales acumen

Communication skills

Client service orientation

Marketing and networking

Education

Bachelor's degree in Business, Finance, or Accounting

Job description

First Merchants Bank is seeking an SBL Business Development Officer to join our team! This position will be responsible for originating and managing a quality, profitable portfolio of SBA loans. Manages all aspects of loan origination; including marketing and networking, document collection, financial analysis, and customer service in support of helping SBL achieve its growth goals.

Responsibilities

• Identify and cultivate relationships with external referral sources to maintain a consistent pipeline of high-quality new SBA loan transactions.
• Tell the SBL story while highlighting competitive advantages in the marketplace.
• Actively manage pipeline, following up on new leads in a timely manner and providing detailed feedback to prospective borrowers. Update pipeline tracker weekly to provide management with activity data.
• Understand and have working knowledge of FMB-SBL credit guidance. Source new loans that match SBL's credit parameters and enhance SBL's loan portfolio.
• Assemble standard loan packages; prepare income‑statement‑only spread and brief credit memo for each loan to ensure alignment with credit policy and eligibility requirements prior to submission to Underwriting.
• Work with prospective borrowers to collect required documents; organize and save documents per team protocols ensuring proper security measures of any sensitive or personally identifiable information.
• Work with borrowers to address any character issues by obtaining written explanations and any additional documentation required by the SOP.
• Participate in initial "kick‑off" call with borrower and Underwriter for each loan.
• Assist Underwriters and Closers, as necessary, to gather required documentation and ensure borrower cooperation.
• Maintain positive, productive relationships with clients, external referral sources, SBL team members, and other internal stakeholders.
• Responsible for being compliant with all regulations and compliance requirements pertaining to job function.
• Carry out such other duties as may be assigned or requested.

Qualifications

• Bachelor's degree in Business, Finance, Accounting or relevant field, or equivalent related experience.
• Five or more (5+) years successfully originating SBA loans required.
• Excellent sales acumen / ability to market and network.
• Understanding of SBA SOP and loan eligibility requirements.
• Ability to spread loans, appropriate credit underwriting knowledge.
• Strong communication skills, and client service orientation.

Benefits

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.