What are the responsibilities and job description for the Business Development Officer - Remote USA position at Velocity Vehicle Group?
Who We Are:
VelocitySBA provides small business owners with access to growth capital through the SBA loan program. Having access to small business financing can give you the security and freedom to focus on other aspects of running your business. We can help you purchase commercial real estate and equipment, provide growth capital financing, deliver debt refinance solutions, aide with business acquisition/partner buyout, and assist small business owners with their startups.
What’s in it for You:
VelocitySBA is one of the fastest growing SBA lending institutions in the country and is actively seeking motivated individuals interested in a career in business finance. Areas of opportunity include sales/business development, underwriting, closing, servicing, marketing and more as our organization very actively implements our national growth strategy. VelocitySBA offers distinctly a team culture that is more synergistic and collaborative than typical for financial institutions, creating a stimulating and enjoyable workplace environment. Candidates joining the VelocitySBA team can expect professional development and growth working alongside the best SBA professionals in the industry. Become a part of our team and immerse yourself in a company that fosters a Great Place to Work™ culture!
What You’ll Do:
The Business Development Officer performs external prospect development activities in their assigned territory. Primary focus is to develop relationships with prospects to increase overall level of business. The SBA Business Development Officer is able to operate with a minimum of direction, is able to develop a portfolio of new business relationships and manages a loan portfolio in metro markets.
Job Duties & Responsibilities:
- Generate viable SBA 7(a) loan opportunities via external direct and indirect marketing channels and meet annual loan volume and pricing targets.
- Manage loan workflow, financial analysis and closing requirements.
- Determine 7(a) loan eligibility under SBA SOP and general prudent lending practices.
- Responsible to prepare and deliver accurate loan applications and loan prescreen form.
- Update pipeline report and attend weekly pipeline meeting attended by the senior leadership team including the President, Sales Manager, Chief Credit Officer, Credit Administrator, Operation Manager and Closing/Documentation Manager.
- Collaborate with Credit and Closing teams to efficiently process transactions.
- Ensure all loan requests are compliant to the policies and procedures of Crossroads Small Business Solutions and SBA.
- Manage new and existing 3rd party loan agents and ensure the agents meet Crossroads Small Business Solutions and SBA standards.
Required Qualifications:
- 3 years of SBA lending experience with US based bank or non-bank lending institution.
- Bachelor’s degree preferred or equivalent experience.
- Ability to understand financial/credit policies, financial statements and structure credit facilities of targets
- Ability to maintain efficient workflow
- Professional speaking and presentation skills
- Full understanding and knowledge of SBA eligibility and guidelines
- Ability to identify and mitigate credit risks
- Ability to analyze and interpret financial statements, business reports and legal documents
- Good judgment and problem-solving skills
- Proficient business writing skills
Compensation:
- Base Salary: $80,000-$120,000/year (based on experience and qualifications)
- Plus Bonus Incentive
Physical Requirements:
- Must be able to pass post offer drug test
Benefits Velocity Vehicle Group Offers: Fantastic Culture
- 401k match
- Health, Dental & Vision Insurance HSA & FSA
- Employer paid Life Insurance
- Paid Vacation Days
- Sick Leave
- Company perks such as employee discounts, company events and training programs
- Excellent Training and Career Advancement Opportunities
Velocity Vehicle Group is an equal opportunity employer. Velocity Vehicle Group prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.
Salary : $80,000 - $120,000