Job Description
Full job description
The SBA Business Development Officer is responsible for supporting the marketing, business development, and loan origination goals of the SBA Lending Department. The position is also responsible for the administration of all assigned account relationships and for the development of new business for the bank.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Engage in business development activities and the solicitation of new business, presenting all bank products and services available, with a focus on SBA Lending products, to prospective New Commercial Customers.
Develop referral networks and maintain a list of prospective customers, centers of influence, and other referral sources.
Work with assigned Portfolio Manager or other SBA and Commercial Credit Personnel in the structuring and pricing of submitted credit applications.
Partner with assigned Portfolio Manager in the daily processing of customer transactions such as advances, payments, wire transfers, etc.
Gather all necessary Applicant Information for the establishment of Bank business deposit accounts and/or SBA Loan Application requests.
Serve as a liaison between the SBA Applicant and the Bank’s Credit Department during the processing of submitted SBA Loan Applications.
Build relationships, customer loyalty and satisfaction throughout the SBA Loan and/or Deposit onboarding process.
Attend loan closings to ensure loans are properly closed.
Operate in compliance with the SBA SOP, state laws, and federal regulations and adhere to lending compliance guidelines and SBA credit policies.
Maintain working knowledge of Bank policies and procedures, and the Bank’s products and services.
Satisfy all NMLS requirements (training, testing and background check).
Must have a valid Driver's License.
Perform other duties as assigned.
JOB SPECIFICATIONS:
Knowledge, Skills and Abilities
Must have strong business development and credit risk assessment skills and a proven track record
Advanced knowledge of SBA Standard Operating Procedures in 7(a) and/or 504 lending.
Knowledge of commercial and industrial, construction, and real estate loan processing
An in-depth background in SBA lending including: soliciting, negotiating, underwriting and closing of commercial loans
Excellent credit and administrative skills
Ability to sell, negotiate and meet sales goals
Exceptional organizational and time management skills
Ability to effectively present information and respond to questions
Ability to write reports and business correspondence
Maintain a continuing knowledge of changes in banking law and regulation
Strong knowledge of relevant computer software skills, such as Word and Excel
Strong influencing, interpersonal and social skills needed to interact with customers or prospective clients
Ability to quickly forge strong working relationships
Must have excellent communication skills, both written and verbal
COMPENSATION & BENEFITS:
Base Salary: $130,000 -$175,000 annually
Performance-Based Bonus
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
AD&D Insurance
Health savings account
401K with match
Cell phone reimbursement
Paid time off
JOB TYPE: Full-time
MINIMUM EXPERIENCE:
Minimum of 5 years SBA 7(a) Lending Experience
Knowledge of SBA 7a and/or 504 loan programs
Specialized training in commercial lending with a financial institution or mortgage banking company.
EDUCATION
Bachelor’s Degree in a business related field preferred, or comparable experience
This position requires S.A.F.E. Act registration at the time of employment through the Nationwide Mortgage Licensing System (NMLS). The NMLS web site (mortgage.nationwidelicensingsystem.org) provides the MU4R questions and registration required for employment in this position.
WORKING CONDITIONS/PHYSICAL REQUIREMENTS
While performing the duties of this job, the employee is regularly required to sit; use hands, use fingers, talk, hear and remain in a stationary position for extended periods of time. The employee is required to stand; walk; reach with hands and arms. The employee must have the ability to verbally effectively communicate with staff and customers. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, color vision, distance vision, peripheral vision, depth perception and ability to adjust focus. The employee must have the ability to stay alert and attentive at all times and operate a computer, phone and essential equipment as required. The noise level in the work environment is usually moderate.
EMPLOYMENT
As a condition of employment with 1st Colonial Community Bank, any successful job applicant will be required to successfully complete a background investigation, which will also include a credit check.
All team members are required to follow the Bank’s core values:
Respect
Evolution
Solution-driven
Progress
Experience
Community
Teamwork
1st Colonial Community Bank is an Equal Opportunity Employer.
1st Colonial Community Bank (the Bank) was established in June of 2000. The Bank is a full-service community bank with retail branches in Collingswood and Westville, NJ., and Limerick PA. The Bank’s executive offices and residential mortgage operations are in Mt. Laurel, NJ. The Bank offers a wide range of consumer and business banking products and services to customers in South Jersey.
DISCLAIMER: This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of all duties, responsibilities, and qualifications required of employees in this job. Reasonable accommodation may be made to qualified disabled individuals for the performance of essential duties and responsibilities.
This job description is not an employment agreement or contract, implied or otherwise. 1st Colonial Community Bank maintains "at will" employment.
The SBA Business Development Officer is responsible for supporting the marketing, business development, and loan origination goals of the SBA Lending Department. The position is also responsible for the administration of all assigned account relationships and for the development of new business for the bank.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Engage in business development activities and the solicitation of new business, presenting all bank products and services available, with a focus on SBA Lending products, to prospective New Commercial Customers.
Develop referral networks and maintain a list of prospective customers, centers of influence, and other referral sources.
Work with assigned Portfolio Manager or other SBA and Commercial Credit Personnel in the structuring and pricing of submitted credit applications.
Partner with assigned Portfolio Manager in the daily processing of customer transactions such as advances, payments, wire transfers, etc.
Gather all necessary Applicant Information for the establishment of Bank business deposit accounts and/or SBA Loan Application requests.
Serve as a liaison between the SBA Applicant and the Bank’s Credit Department during the processing of submitted SBA Loan Applications.
Build relationships, customer loyalty and satisfaction throughout the SBA Loan and/or Deposit onboarding process.
Attend loan closings to ensure loans are properly closed.
Operate in compliance with the SBA SOP, state laws, and federal regulations and adhere to lending compliance guidelines and SBA credit policies.
Maintain working knowledge of Bank policies and procedures, and the Bank’s products and services.
Satisfy all NMLS requirements (training, testing and background check).
Must have a valid Driver's License.
Perform other duties as assigned.
JOB SPECIFICATIONS:
Knowledge, Skills and Abilities
Must have strong business development and credit risk assessment skills and a proven track record
Advanced knowledge of SBA Standard Operating Procedures in 7(a) and/or 504 lending.
Knowledge of commercial and industrial, construction, and real estate loan processing
An in-depth background in SBA lending including: soliciting, negotiating, underwriting and closing of commercial loans
Excellent credit and administrative skills
Ability to sell, negotiate and meet sales goals
Exceptional organizational and time management skills
Ability to effectively present information and respond to questions
Ability to write reports and business correspondence
Maintain a continuing knowledge of changes in banking law and regulation
Strong knowledge of relevant computer software skills, such as Word and Excel
Strong influencing, interpersonal and social skills needed to interact with customers or prospective clients
Ability to quickly forge strong working relationships
Must have excellent communication skills, both written and verbal
COMPENSATION & BENEFITS:
Base Salary: $130,000 -$175,000 annually
Performance-Based Bonus
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
AD&D Insurance
Health savings account
401K with match
Cell phone reimbursement
Paid time off
JOB TYPE: Full-time
MINIMUM EXPERIENCE:
Minimum of 5 years SBA 7(a) Lending Experience
Knowledge of SBA 7a and/or 504 loan programs
Specialized training in commercial lending with a financial institution or mortgage banking company.
EDUCATION
Bachelor’s Degree in a business related field preferred, or comparable experience
This position requires S.A.F.E. Act registration at the time of employment through the Nationwide Mortgage Licensing System (NMLS). The NMLS web site (mortgage.nationwidelicensingsystem.org) provides the MU4R questions and registration required for employment in this position.
WORKING CONDITIONS/PHYSICAL REQUIREMENTS
While performing the duties of this job, the employee is regularly required to sit; use hands, use fingers, talk, hear and remain in a stationary position for extended periods of time. The employee is required to stand; walk; reach with hands and arms. The employee must have the ability to verbally effectively communicate with staff and customers. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, color vision, distance vision, peripheral vision, depth perception and ability to adjust focus. The employee must have the ability to stay alert and attentive at all times and operate a computer, phone and essential equipment as required. The noise level in the work environment is usually moderate.
EMPLOYMENT
As a condition of employment with 1st Colonial Community Bank, any successful job applicant will be required to successfully complete a background investigation, which will also include a credit check.
All team members are required to follow the Bank’s core values:
Respect
Evolution
Solution-driven
Progress
Experience
Community
Teamwork
1st Colonial Community Bank is an Equal Opportunity Employer.
1st Colonial Community Bank (the Bank) was established in June of 2000. The Bank is a full-service community bank with retail branches in Collingswood and Westville, NJ., and Limerick PA. The Bank’s executive offices and residential mortgage operations are in Mt. Laurel, NJ. The Bank offers a wide range of consumer and business banking products and services to customers in South Jersey.
DISCLAIMER: This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of all duties, responsibilities, and qualifications required of employees in this job. Reasonable accommodation may be made to qualified disabled individuals for the performance of essential duties and responsibilities.
This job description is not an employment agreement or contract, implied or otherwise. 1st Colonial Community Bank maintains "at will" employment.
💡 Quick Summary
Seeking a career-building opportunity? The SBA Business Development Officer position is now open for candidates interested in the Bank Jobs sector. This role in Mount Laurel offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
