Serve as a dedicated business development resource in the Small Business Administration (SBA) department, responsible for procuring new SBA loan volume. Target loans will range from $500,000 to $10,000,000.
Essential Duties and Responsibilities:
•Prospects, markets, structures, and originates new SBA 7(a), USDA, and occasionally SBA 504 loans with added focus on structures maximizing premium income through secondary market sales.
•Meets with prospective borrowers, analyze financial information, and prepare loan transmittals for underwriting. Collect a full financial package from the borrower and act as the point of contact when following up on information from various sources.
•Work within the SBA department to assist and facilitate the credit review, approval and documentation processes. Monitor and assist with the disbursement period, if applicable.
•Maintain knowledge of Bank lending policy, as well as SBA and USDA standard operating procedures.
•Achieves production levels exclusively through individual business development results and relative community involvement activities.
•Annual SBA loan volume and premium income goals to be determined each calendar year.
•Identifies, refers and introduces other business opportunities to internal product partners and other target market business lines.
•Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees. Treats people with respect, keeps commitments; inspires the trust of others, works ethically and with integrity, upholds organizational values; accepts responsibility for own actions. Maintains supportive working relationships with referral sources, applicants, borrowers and internal Bank employees.
•Ensures that all activities and work functions comply with compliance requirements as defined in company policies and procedures and state/federal laws and regulations, and the SBAs standard operating procedures and the Code of Federal Regulations (CFR), thus protecting continued status as a Preferred Lender under the PLP program. Remain current on all new and existing government regulations to ensure compliance within the SBA/government guaranteed lending functions.
•Maintains an advanced knowledge of financial industry trends. Demonstrate knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
•Assures compliance with all Bank policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations; adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position.
•Completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the Bank through outside activities.
•The position of Business Development Officer performs duties specific to the position and other functions as assigned.
•High School diploma or equivalent. Banking/Finance certifications through ABA, WBA, and/or equivalent preferred.
•Minimum 5 years of SBA business development origination success or related experience as defined below:
•Work related experience must consist of business development or sales experience in the financial industry, preferably in SBA.
•Educational experience, through in-house training sessions, formal school or financial industry related curriculum, is required to be applicable to the financial industry.
•History of producing annual commercial loan production in excess of $8,000,000 preferred.
•Strong computer skills with an emphasis on WORD and Excel.
•Ability to travel to designated areas in the state of Washington.
•Immediate knowledge of related state and federal banking compliance regulations, Bank policies and procedures, and the Bank’s products and services.
•Knowledge of SBA standard operating procedures, small business credit process, laws and regulations.
•Formal C & I credit underwriting training preferred.
•Demonstrated ability to critically think, formulate and support credit decisions, and logically defend positions.
•Demonstrated ability to negotiate on behalf of the Bank and the borrower while appropriately balance risk and shareholder value.
•Knowledge of Fair Lending, Bank Secrecy Act, and other applicable anti-money laundering laws and regulations and Bank policies.
•Knowledge of business and contract laws.
Telecommuting is allowed.
Additional Salary Information: Generous incentive plan, full company paid medical, dental, vision. 401(k) plan with a match, PTO, etc.
Internal Number: SBA05162018
SaviBank is a commercial bank chartered in the State of Washington. The Bank began operations April 11, 2005, and has five branch locations in Burlington, Bellingham, Mt. Vernon, Oak Harbor, and Freeland, Washington. A loan production center was opened in Anacortes, Washington in May 2013. SaviBank is also a member of the SBA Preferred Lender Program.
As a locally-owned community bank, we believe that when everyone becomes Savi about their finances, our entire community benefits. SaviBank is an Equal Employment Opportunity Employer (EEO). All qualified applicants will be considered when they complete an employment application.
For additional information about SaviBank visit http://www.savibank.com