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Business Development Officer - MidFirst Business Credit

MidFirst BankLos Angeles, California

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Job Description

Job duties will include, but are not limited to, the following: *Maintain and expand an active referral source network consisting of lenders, bankers, private equity firms, investment bankers, brokers and other sources. *Generate qualified prospect referrals from contacts, referral sources and network relationships by maintaining frequent contact with your network. *Interact with prospective
borrowers (by phone and face-to-face visits) to introduce MidFirst Business Credit, and to gather all credit data necessary to qualify the prospective borrower. *Prescreen prospective borrowers by reviewing financial, collateral and industry data and comparing against MidFirst Business Credit's loan policy and sales process guidelines. *Evaluate and understand financial condition and deal quality and make recommendations to MidFirst Business Credit's management. *Prepare a detailed and complete deal package on prospective borrowers and deliver to MidFirst Business Credit's deal team for review. *Submit and negotiate financing proposals to qualified prospective borrowers. *Attend local and regional networking events. Be active in industry associations such as ACG, TMA and CFA. *Input sales activities and maintain prospect data in Salesforce.com. Maintain timely and accurate records of all sales calling *Prepare a detailed and complete deal package on prospective borrowers and deliver to MidFirst Business Credit's deal team for review. *Submit and negotiate financing proposals to qualified prospective borrowers. *Attend local and regional networking events. Be active in industry associations such as ACG, TMA and CFA. *Input sales activities and maintain prospect data in Salesforce.com. Maintain timely and accurate records of all sales calling efforts.

Bachelors Degree preferred. *5-10 years of relevant business development experience in lending, with a preference for asset-based lending experience. *Must have an established and effective network of referral sources. Generate a minimum of 50-75 leads each year, resulting in a minimum of 10 term sheets issued and 4-5 deal closings. *Travel is a significant requirement for this position. Expectation is that the BDO will travel about 50% of the time. *Must have an entrepreneurial attitude, and when working remotely, must be able to wisely manage time and expenses. *Must conduct self in a professional manner at all times, and in all business situations reflecting a courteous, conscientious, and sophisticated and businesslike manner in all dealings. 

 

 

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