SVP, SBA Business Development Officer

Enterprise Financial Services Corp.; Minnesota; Hybrid; USD 100,000 - 150,000; Full time

Job summary

Enterprise Financial Services Corp. seeks an SVP, SBA Business Development Officer to identify and close new SBA loans through strategic business development initiatives.

The ideal candidate has 5-10 years of relevant experience, a Bachelor's degree in finance or a related field, excellent communication skills, and strong understanding of SBA lending compliance.

Qualifications

• 5-10 years related experience in a similar lending environment or financial institution.
• Maintain a current understanding of Bank underwriting guidelines, procedures, and compliance issues.
• Ability to protect and maintain confidential information.

Responsibilities

• Conduct new business development activities to generate new fee income.
• Prospect and originate new SBA 7(a) and 504 loans.
• Establish and maintain a network of referral sources.
• Ensure compliance with SBA's standard operating procedures.

Skills

Business development

SBA loan origination

Financial analysis

Compliance knowledge

Communication skills

Organizational skills

Credit decision making

Networking

Education

Bachelor’s degree in business, finance, economics or related field

Tools

Personal computers

Job description

Job Title

SVP, SBA Business Development Officer

Job Description

Summary: The SBA Business Development Officer identifies, solicits and closes new SBA loans through business development activity within assigned markets.

Responsibilities

• Conduct new business development activities to generate new fee income to meet department and individual goals.
• Prospect, market, structure and originate new SBA 7(a) and 504 loans.
• Identify, refer and introduce other business opportunities to internal product partners.
• Establish and maintain a network of referral sources able to bring potential SBA borrowers to the bank.
• Obtain complete financial packages from borrowers and prepare submission packages required for credit analysis.
• Follow up with borrowers to obtain additional information or clarification to ensure timely loan decisions.
• Deliver approved loan packages to borrowers to obtain required signatures and facilitate funding.
• Maintain an in-depth knowledge of SBA products as well as knowledge of competitors and competitive products.
• Understand what differentiates Enterprise Bank & Trust and develop a unique sales approach that differentiates you in the marketplace.
• Ensure that all activities and work functions comply with compliance requirements, as defined in bank policies and procedures, state/federal laws and regulations and the SBA’s standard operating procedures and the code of Federal Regulations, thus protecting continuous status as Preferred Lender under the PLP program.
• Critically think, formulate and support credit decisions, and logically defend position.
• Negotiate on behalf of the bank the borrower while appropriately balancing risk and shareholder value.
• Demonstrate a satisfactory understanding of and adherence to Bank operational policies and applicable compliance regulations as they relate to the specific job duties assigned.
• Demonstrate a satisfactory understanding of your duties and responsibilities as it relates to the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), Patriot Act, and Office of Foreign Assets Control Regulations (OFAC). This includes participating in any required training and promptly complying with all reporting requirements.
• Demonstrate a satisfactory understanding of and adherence to EEO/AA policy; promote a working environment free of harassment of any type.
• Perform the job safely and report potentially unsafe conditions.

Requirements

• Bachelor’s degree in business, finance, economics or other related field.
• 5-10 years related experience in a similar lending environment or financial institution.
• Maintain a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues.
• Maintain a working knowledge of regulatory requirements for documentation and regulations relating to SBA lending.
• Ability to protect and maintain confidential information.
• Excellent written and verbal communication skills.
• Excellent organizational skills.
• Proficiency with personal computers and related software.
• Work involves sitting, occasional walking, and lifting up to 10 pounds.

Equal Opportunity Statement

Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources at [e-mail].

Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live. We are proud to be an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability.

All employment offers are contingent upon the applicant successfully completing both drug and background check screenings.