Business Development Officer - SBA
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Overview
Job Description
Description
Location: New York, New Jersey, Connecticut, or Pennsylvania-based remote position
About Us:
Hanover Bank- When you love your work and the people you work with, careers are made!
Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.
Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals.
When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!
Job Summary
Hanover Bank is looking for a full-time Business Development Officer - SBA to join our team. The Business Development Officer ("BDO") will sell SBA Products to the small business marketplace. This individual in this position will understand how to structure the most complex SBA deals and have deep knowledge of SBA 7a, 504, and USDA. This role will also originate structure price-eligible SBA loan opportunities for the Bank.
Essential Job Duties and Responsibilities
- Source deposits and lending relationships on behalf of the Bank in support of achieving the Bank's annual growth goals.
- Diligently maintain pipeline reports using the Bank's IT systems and support the timely collection and accurate review of documents required from borrowers for the Bank to issue term sheets and submit loan requests for underwriting.
- Cross-sell new products to the Bank's existing customers.
- Solicit customer feedback and assess the Bank's competition to inform new product development.
- Work proactively to strengthen the Bank's relationship with customers by responding to inquiries and communicating with referral sources and/or customers to ensure the highest level of customer satisfaction possible.
- Constantly and proactively assists the Director of Sales, SBA & USDA Banking Team with refining the loan origination and deposit production processes to assist the Bank with maximizing the efficiency of its operations and the satisfaction of its customers.
- Ensure that work is within SBA SOP compliance.
- Develop a complete banking relationship with banking borrowers, to include deposit accounts.
- Represent the Bank at trade shows and events, as applicable.
- Perform other duties as assigned.
Education and Experience
- Minimum of 5 years of SBA or related experience
- Comprehensive knowledge and understanding of SBA 7a, 504, and USDA
Skills and Abilities
- Ability to work under pressure to meet the demand of high-pressure sales goals for SBA Lending
- Ability to work independently
- Excellent verbal and written communication skills
Our Benefits:
Health & Wellness Benefits
- Medical, Dental, and Vision insurance (with HSA, FSA, and Commuter Benefits options)
- Company-paid Life Insurance and Accidental Death & Dismemberment (AD&D)
- Company-paid Long-Term Disability Insurance
Voluntary Benefits
- Additional Life and AD&D Insurance for employee, spouse, and dependents
- Voluntary Short-Term Disability Insurance
- Pet Insurance
- Legal Services Plan
- Accident Insurance
- Hospital Indemnity Insurance
- Cancer Care Insurance
Retirement
- 401(k) Plan with Company Match
Time Off & Recognition
- Paid Personal Time Off (PTO)
- Paid Company Holidays
- Annual Performance Bonuses
- Annual Salary Increases
Employee Engagement
- Company-sponsored Events
- Employee Contests and Recognition Programs
Salary: $130,000.00
Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Salary Description
$130,000.00
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