Business Development Manager
3 days ago
Job Overview
The Business Development Manager - Commercial Lending will be responsible for originating, underwriting and closing commercial loans in accordance with established lending objectives, policies and procedures. The ideal candidate will establish, maintain and maximize relationships with existing and potential customers.
Key Responsibilities:
- Maintain a portfolio of existing customers and develop strategies to maximize relationships based on customer needs.
- Gather and oversee the compilation of all necessary information for loan applications, working in tandem with Credit Administration to request appraisals, credit reports, background checks and other pertinent information.
- Cultivate new business opportunities by dedicating time to sales calls and coordinating plans to achieve growth.
- Maximize cross-selling opportunities for key deposit/fee income products/services as customer needs dictate.
- Negotiate with customers to agree on fees, loan repayment options and other credit terms, referring and/or presenting loans to the loan committee for approval when necessary.
- Facilitate timely loan closing and funding activities, ensuring accurate and complete loan documentation and files.
- Represent Prevail Bank in industry and professional associations, promoting the bank's favorable image.
- Collect delinquent accounts in a timely manner and develop revised loan repayment terms/schedules as needed.
- Stay knowledgeable about guaranteed government loan programs and conventional financing mechanisms for customers.
Requirements:
- Bachelor's degree in business or related field with additional bank-related training.
- Formal credit training.
- 5-7 years of experience in commercial banking or equivalent combination of education and experience.
Salary Information:
We offer a competitive salary range of $70,000 - $90,000 per year, commensurate with experience, plus bonus potential.
Location:
This role is located at our main branch in [city], where you will work closely with our team to drive business growth and deliver exceptional results.
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