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Vice President of Business Development - Commercial Lending & Loan Strategy Expert

Remote:

Full Remote

Contract:

Full time

Salary:

48 - 48K yearly

Experience:

Expert & Leadership (>10 years)

Work from:

Idaho (USA), United States

Offer summary

Qualifications:

Bachelor's Degree in relevant field, Experience in marketing commercial loans, Familiarity with loan regulation compliance, Valid driver's license and good record, Proficiency in Microsoft Office.

Key responsabilities:

Develop new business opportunities and underwrite loans
Collaborate with Credit Analyst for loan submissions
Provide borrowers and lenders with loan documents
Conduct site visits to verify projects
Maintain expense reports and engage in networking

Get It Recruit - Finance Human Resources, Staffing & Recruiting TPE https://www.get.it/

2 - 10 Employees

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Job description

Description

We are seeking a dynamic and motivated individual to spearhead the marketing and production of new loans in Southern Idaho. This role is crucial in building relationships with financial institutions, commercial brokers, and businesses to facilitate loan participation.

Key Responsibilities

Develop new business opportunities and underwrite loans by reaching out to financial institutions, commercial brokers, and businesses.
Initiate the underwriting process by completing the Loan Application and necessary credit memorandums.
Collaborate with the Credit Analyst to gather additional information required for loan committee review and submission.
Obtain signed Loan Application Assistance Agreements and required fee deposits from borrowers prior to approval.
Provide borrowers and lenders with loan authorization documents upon approval.
Assist the closing department by collecting necessary documentation and ensuring compliance with appraisal and environmental investigation requirements.
Conduct site visits to verify project completion and address any servicing-related matters as needed.
Maintain a monthly expense report for all out-of-pocket costs and actively engage in local networking groups.
Provide regular updates on pipeline status, forecast annual loan approvals, and make recommendations for procedural improvements.
Attend meetings as requested by management and support other duties as needed.

Additional Responsibilities

Submit detailed expense reports monthly.
Engage with local Chamber of Commerce and other networking groups.
Make quarterly visits to commercial lenders in your territory.
Provide monthly and weekly reports on prospects, applications, and transactions.
Prepare an annual forecast of loan approvals and funding dates.
Suggest procedural changes to enhance efficiency and participate in management meetings.

Qualifications

Bachelor's Degree in Accounting, Finance, Business, Economics, or a related field, or equivalent experience.
Previous experience in marketing commercial loans or loan programs, and familiarity with loan regulation compliance.
Valid driver's license and a good driving record.
Proficiency in PC applications including Windows and Microsoft Office.
Strong verbal and written communication skills.
Excellent organizational, time management, and problem-solving abilities.
Ability to maintain confidentiality, work well in a team, and demonstrate dependability.

Language Skills

Ability to read, analyze, and interpret business and technical documents.
Capability to create detailed reports, business correspondence, and manuals.
Proficient in presenting complex information and responding to inquiries from various stakeholders.

Physical Requirements

This role is primarily sedentary, involving prolonged sitting, occasional bending, and frequent repetitive motions.
Ability to lift up to 25 pounds of office supplies.

Benefits

Comprehensive medical, dental, vision, and life insurance coverage.
Eligibility to enroll in a 403(b) retirement plan with a discretionary employer match after six months of employment.
Accrued vacation time at 6.15 hours per pay period (up to 20 days in the first year).
12 paid holidays plus additional half-days before major holidays.
Potential for an annual performance-based bonus (note: this position does not offer per-file bonuses or commissions).

Employment Type: Full-Time