Business Development Officer

Summary

Join Cross River, a fast-growing fintech company, as a Business Development Officer (BDO) or Loan Officer specializing in SBA 7(a) loans. You will cultivate relationships with small business clients, providing tailored loan solutions and ensuring compliance. Responsibilities include client acquisition, relationship management, market analysis, and collaboration with internal teams. The ideal candidate possesses 3-5 years of accounting experience or SBA 7(a) loan experience, strong financial analysis skills, and excellent communication and negotiation abilities. A competitive salary plus commission is offered. Cross River is an equal opportunity employer.

Requirements

• Professional Experience: 3-5 years Accounting background
• Industry Knowledge: Familiarity with SBA loan programs and small business financing
• Financial Analysis: Proficiency in analyzing financial statements and assessing creditworthiness
• Communication: Excellent verbal and written communication skills for client interactions and internal collaboration
• Negotiation: Strong negotiation skills to secure mutually favorable loan terms for clients and the lender
• Relationship Management: Ability to build and maintain strong relationships
• Compliance: Understanding of regulatory requirements and compliance related to SBA loans
• Self-Motivated: Ability to work independently and drive results
• Goal-Oriented: Focused on achieving targets and contributing to business growth
• Team Player: Collaborative mindset to work effectively with internal teams

Responsibilities

• Help Identify early a potential small business loan through the banks networking, referrals, and direct outreach
• Build and maintain strong relationships with clients, providing ongoing support and advice
• Conduct market research to identify trends and opportunities in the small business lending sector
• Ensure all loan applications and documentation comply with SBA regulations and company policies
• Work closely with internal teams, including underwriting, credit, and legal, to facilitate loan processing and approval
• Maintain accurate records of client interactions and loan progress, providing regular updates to management

Preferred Qualifications

Professional Experience: a background focused on SBA 7(a) loans

Benefits

• Salary Range: $80,000.00 - $120,000.00 plus commission
• Remote work