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U.S. Bank · 18 hours ago

Asset Based Lending - Business Development Officer

Chicago, IL

Full-time

Onsite

Senior Level, Lead/Staff

$160K/yr - $188K/yr

10+ years exp

U.S. Bank is dedicated to helping customers and businesses make smarter financial decisions. The Business Development Officer role focuses on asset-based loan origination and providing product support to the bank's Institutional Client Group and partners.

BankingFinancial ServicesInsuranceMortgageWealth Management

Responsibilities

Developing prospective customers both directly and in conjunction with bank partners

Preliminary prospect analysis including structuring and pricing transactions opposite the perceived credit risk

Prepare memorandum to obtain senior management approval to issue proposals

Proposal preparation and presentation to prospective client

Develop and maintain center of influence referral sources such as accountants, attorneys, equity and mezzanine sources, peer banks, and affiliates

Collaborating with bank’s underwriting team to close loans. Tasks including but are not limited to supporting the preparation of the credit approval memorandum, loan documentation and client onboarding

Qualification

Asset-based lendingRisk managementClient-facing experienceSalesforceMS ExcelMS WordMS PowerPointPeople leadershipCommunication skillsOrganizational skills

Required

Bachelor's or master's degree in finance, accounting or related field

10-15 years of experience in asset-based lending with strong people leader, communication, risk management, and organizational skills

Strong asset-based credit skillset coupled with a solution orientated approach that mitigates the bank's risks

Strong client-facing experience at the C-suite level leading to account growth and relationship depth

Strong understanding of clients' working capital needs and experience partnering with cross-functional sales and enablement teams to deliver holistic client solutions

Deep knowledge of working capital products and solutions and related ancillary solutions anchored in asset-based lending

Proven ability to build partnerships across lines of business and enable functions to drive sales transformation and identify revenue growth opportunities

Ability to travel as required

Proficient in Salesforce, MS Excel, MS Word and MS PowerPoint

Benefits

Healthcare (medical, dental, vision)

Basic term and optional term life insurance

Short-term and long-term disability

Pregnancy disability and parental leave

401(k) and employer-funded retirement plan

Paid vacation (from two to five weeks depending on salary grade and tenure)

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Company

U.S. Bank

Glassdoor3.6

At U.S.

Founded in 1968

Minneapolis, Minnesota, USA

10001+ employees

http://www.usbank.com

Funding

Current Stage

Public Company

Total Funding

$991M

Key Investors

U.S. Department of the TreasuryMitsubishi UFJ Financial Group

2023-09-29Post Ipo Debt· $55M

2023-08-03Post Ipo Debt· $936M

1978-01-13IPO

Leadership Team

John C Stern

CFO

Chris Lenhart

Executive Vice President & Deputy General Counsel

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