Commercial Loan Business Development Officer sells commercial loan services to prospective clients. Develops the initial relationship with prospects and coordinates with loan relationship manager to close selling process. Being a Commercial Loan Business Development Officer develops sales strategies for expanding referral sources. Typically requires a bachelor's degree. Additionally, Commercial Loan Business Development Officer typically reports to a manager or head of a unit/department. The Commercial Loan Business Development Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Commercial Loan Business Development Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
WWBIC is a CDFI organization that has served 72,709 clients since its
inception 35 years ago. Since 1987, we have also loaned more than
$107 million to small business borrowers and helped entrepreneurs create and
retain 18,027 jobs. In 2022 alone WWBIC closed $8,511,667 in small business
loans, the SBA Payment Protection Program (PPP) ($2.7 million), and
Community Block Development Block Grant (CDBG) forgivable loans
($240,000) and KIVA loan ($720,000). We remain central to the small business
recovery and restart here in Wisconsin by supporting micro and small
businesses in our local communities and throughout the state – those creating
jobs and employment while providing needed products and services.
We are currently recruiting for an individual to support our mission in the
following capacity.
Loan Officer – Milwaukee, WI
The Loan Officer has the responsibility to produce approved, closed, and
disbursed loans up to $350,000, including the SBA microloan program, vairous
block Grant loan programs as well as the SBA 7a Community Advantage Loan
Program. This position is a State-wide business lending position; however,
focuses on the Racine/Kenosha/Walworth County targeted community
development areas which are critical to the success of serving WWBIC’s
South-Eastern WI markets. Core responsibilities include: identify, analyze,
underwrite and close business loan applications, develop and foster key
relationships to ensure collaborative partnerships with area financial
institutions and other sources for loan referrals, maintain a presence in the
community to facilitate loan production, represent WWBIC at community and
professional functions, conferences and meetings and maintain on going loan
client contact.
This position requires a genuine desire to work with business owners of diverse
ethnic and socio-economic backgrounds. Bachelor’s degree is required. At least
5 years solid work experience in business banking, mortgage loan officer, and/
or underwriting, strong analytical and organization skills, the ability to
multitask and meet deadlines and strong communication skills are required.
Must have valid drivers license and proof of insurance as position requires
local travel. Experience in small business financing or community development
lending is preferred. SBA 7a loan origination experience is a plus.
Salary: $59,123 - $73,903
To apply, please email a letter of application, resume & salary requirements to
jobs@wwbic.com
An Equal Opportunity/Affirmative Action Employer