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Northwest Business Development Association · 1 week ago

VP, Business Development Officer | Seattle

Seattle, WA

Full-time

Hybrid

Mid, Senior Level

$70K/yr - $85K/yr

Northwest Business Development Association is seeking a VP, Business Development Officer to oversee the marketing and production of new SBA 504 loans. The role involves developing new business, underwriting loans, and collaborating with various stakeholders to ensure successful loan applications and closures.

FinanceFinancial ServicesSmall and Medium Businesses

Hiring Manager

Tracy Bridgens

Responsibilities

The development of new business and underwriting of loans, requiring you to call on financial institutions, commercial brokers and businesses to offer SBA 504 participation

Request and start the underwriting of the required criteria and financial reports by completing the required 504 Loan Application and NWBDA Credit Memorandum, both of which are needed for NWBDA to finalize the underwriting of the borrower’s application for submission for SBA approval

Assist the Credit Analyst in obtaining any additional information or answers to questions to complete the submission of applications to our Loan Committee, Board of Directors (if needed), and SBA

Prior to approval, obtain from Borrower a signed and dated Loan Application Assistance Agreement including the required fee deposit

Upon notification from SBA that the loan has been approved, provide Borrower and Lender with a copy of the Terms & Conditions (T&C) for Debenture Guaranty

Assist the closing department when and as needed in collecting documentation necessary to close and fund the debenture transaction. This includes but is not limited to obtaining and certifying, as needed, that the required appraisals and environmental investigations comply with the T&C for Debenture Guaranty

Attend occasional meetings requested by the closing department in an effort to keep them up to date on the closing process for each of your approved loans

At or prior to closing, perform a site visit at the project site and obtain all financial information as necessary for a certification to SBA that the project was completed as planned and that there has been no adverse change

Assist servicing department with any servicing related matters including performing any required site visits on an as needed basis

Submit, monthly, a detailed breakdown of all expenses incurred for all out-of-pocket costs including mileage, stationery, approved office supplies, and other materials necessary to market and package the loan/debenture applications

Be active in all local Chamber of Commerce groups and other networking groups as needed

Personally call on commercial lenders within your designated area at least quarterly

Provide management with a monthly pipeline/tracking report listing prospects, applications in progress and approved transactions in process of funding. Provide a weekly report if requested

Prepare, during September of each year, an annual forecast of loan approvals and projected funding dates

Make recommendations to NWBDA Management of procedural changes to promote efficiencies within the company

Attempt to attend all meetings where your presence is requested by management

Assist with other requests or duties as requested by management

Comply with all Northwest Business Development Association’s policies and procedures

Qualification

SBA Loan ProgramsCommercial Lending ExperienceMarketing SkillsFinancial AnalysisLoan Regulation ComplianceTeam BuildingCustomer ServiceCommunication SkillsOrganizational SkillsProblem-Solving Skills

Required

Bachelor's degree in accounting, finance, business, economics or related field, or equivalent on-the-job training

Previous lending experience in areas of marketing of commercial loans and/or SBA Loan Programs, and loan regulation compliance

Good driving record

Prior experience and current expertise in marketing within the specified territory are essential requirements

Strong proficiency in PC applications including Windows, MS Word, MS Excel

Ability to maintain a high degree of confidentiality

Strong verbal and written communication skills

Excellent team building and interpersonal skills: able to work well with a wide range of people in various positions within the company and your territories

Strong marketing skills

Strong organizational and time management skills

Demonstrate dependability through attendance and adherence to timelines and schedules

Excellent attention to detail on projects and deliverables

Strong analytical skills

Strong problem-solving skills

Demonstrate resourcefulness and ability to take initiative in development and completion of projects

Strong sense of customer service

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations

Ability to create comprehensive reports, business correspondence, and procedure manuals

Ability to effectively present complex information succinctly and respond to questions from groups of managers, clients, customers, and the general public

Sitting for long periods of time, including drive times; occasional bending, squatting, kneeling, stooping; good finger dexterity and feeling; frequent repetitive motions; talking, hearing and visual acuity

Frequent lifting (up to 25 pounds of paper supplies or minor office equipment)

Benefits

Full time employees are covered by medical, dental, vision, and life insurance.

Employees are immediately eligible to enroll in and contribute to the company's 403(b) retirement plan and are eligible for a discretionary employer match (100% up to $5k Annually) the month following their sixth month anniversary.

Full time employees will also accrue vacation at the rate of 6.15 hrs/pay period for a maximum of 20 days in the first year of employment.

Full time employees receive 12 paid holidays throughout the calendar year in addition to a number of 1/2 days the day before some major holidays.

Employees earn 1.384 hours of paid sick leave for every 40 hours worked.

Full time employees earn 2 hours of PTO per month in addition to vacation and sick leave.