SBA Business Development Officer jobs in Champaign, IL
SBA Business Development Officer develops and structures loans and markets other banking products and services to Small Business Administration (SBA) eligible small and medium sized businesses. Reviews required customer financial information and coordinates with SBA to provide a lending solution for the customer. Being a SBA Business Development Officer structures the SBA loan proposals, completes initial underwriting, and prepares credit package that complies with all applicable regulations and SBA guidelines. Requires a bachelor's degree. Additionally, SBA Business Development Officer typically reports to a manager or head of a unit/department. The SBA Business Development Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a SBA Business Development Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added SBA Business Development Officer jobs
Retirement Services Business Development Officer
- First Mid
-
Mattoon, IL
FULL_TIME
-
This position is open to anywhere within the First Mid footprint, a successful candidate will be within driving distance of a First Mid location. Click here to view our banking locations.The Retirement Services Business Development Officer will play a critical role in driving the growth and expansion of our employer retirement plan service offerings. This position will be responsible for identifying new business opportunities, cultivating relationships with prospective clients, and promoting our suite of retirement solutions. This role requires a blend of strategic thinking, relationship building, and financial acumen.Responsibilities include, but are not limited to:
- Responsible for business development of qualified and non-qualified retirement plans, including 401(k), 403(b), 457, profit sharing, deferred compensation, and cash balance plans established by employers.
- Identify and research prospective clients within the target market segments, including individuals, businesses, and organizations seeking retirement planning services.
- Initiate and maintain meaningful relationships with key decision-makers and stakeholders through proactive outreach efforts, including networking events, and cold outreach.
- Understand the unique needs and objectives of prospective clients and provide tailored recommendations on retirement solutions that align with their financial goals and objectives.
- Manage multiple facets of the sales process, including coordination of meetings, support materials, follow-up tasks, phone calls, proposals, presentations, closing business, etc.
- Drive consistent and predictable profitability, and organic growth to support overall revenue goals.
- Input accurate and timely information into client relationship management (CRM) system relative to client meetings and interactions, follow-up tasks, etc. to facilitate realistic corporate sales and revenue projections.
- Stay abreast of retirement plan industry trends, ERISA knowledge, capital and global market news, investment products, TPA vendors, and record keeper partners to identify opportunities for innovation and differentiation within the retirement services landscape.
- Develop relationships with internal and external centers of influence and other referral sources.
- Conduct and document quarterly portfolio and plan investment reviews.
- Recommend retirement plan fund offerings and changes, as needed.
- Create, review, and update investment policy statements (IPS) for retirement plan clients on an annual basis.
- Conduct yearly fee analysis for retirement plan clients and propose fee revisions when appropriate.
- Obtain record keeper and/or TPA vendor proposals and serve as point person during retirement plan conversions for new and existing retirement plan clients.
- Travel as needed.
- Complete required training associated with job function.
- Perform other related duties as assigned.
QualificationsEducation/Experience:- Bachelor's degree in Business Administration, Finance, Economics, or related experience. CFA designation is a plus.
- A minimum of 5 years of experience working with qualified and non-qualified plans within the financial service industry.
- Proven track record of success in sales or business development, preferably in the financial services industry with a focus on retirement planning.
- Strong understanding of retirement products, investment vehicles, and financial planning principles.
- Proficiency in CRM software, Microsoft Office Suite, and other sales productivity tools.
Skills:- Demonstrated understanding of key benefit concepts related to 401(k), 403(b), 457, profit sharing, deferred compensation, and cash balance plans.
- Excellent communication and interpersonal skills, with the ability to build rapport and credibility with clients and internal stakeholders.
- General understanding of ERISA laws governing qualified retirement plans and the retirement plan industry.
- Familiarity with top vendors' product and service offerings, with the ability to analyze direct and indirect costs related to plan management.
- Strong proficiency and experience with spreadsheets and client relationship management (CRM) systems.
- Adept with investment research focused applications, such as Morningstar, Fi360, etc.
- Well versed in all aspects of financial and investment markets with the ability to provide meaningful and updated analysis.
- High analytical, interpersonal, written, and verbal communication skills, with a strong client service focus
- Strategic thinker with a results-oriented mindset and a passion for driving business growth.
- Demonstrated success working in a team environment.
- High standard of professionalism
- Must be autonomous, able to multitask, and meet or exceed project deadlines.
First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENTHP123
- 18 Days Ago
Leadership & Business Development Trainee
- JX Truck Center
-
Urbana, IL
FULL_TIME
- DescriptionJX Truck Center - Champaign is a subsidiary of JX Enterprises, Inc. We have 25 dealerships in 4 states: Illinois, Indiana, Michigan, and Wisconsin. As of this posting, the Champaign dealers...
- 2 Days Ago
Leadership & Business Development Trainee
- JX Enterprises Careers
-
Urbana, IL
FULL_TIME
- JX Truck Center - Champaign is a subsidiary of JX Enterprises, Inc. We have 25 dealerships in 4 states: Illinois, Indiana, Michigan, and Wisconsin. As of this posting, the Champaign dealership has app...
- 5 Days Ago
Business Development Associate Intern
- Electric Power Engineers
-
Champaign, IL
INTERN
- Overview We are designing the Grid of the future! We are innovators by nature, for over 50 years, Electric Power Engineers, LLC (EPE) has partnered with power and energy clients across the globe to fo...
- 7 Days Ago
Business Development Director
- Intersect Illinois
-
Urbana, IL
FULL_TIME
- Position Description: The Director of Business Development is a full-time position that reports to the Vice President of Business Development. This position is responsible for managing company expansi...
- 11 Days Ago
Director of Business Development
- Summit Health Care
-
Mount Zion, IL
FULL_TIME
- Mount Zion Health and Rehab Center is seeking a Director of Business Development to join our team! Are you searching for a new career opportunity? Looking for a fresh start? If you have a passion for ...
- 29 Days Ago
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0 SBA Business Development Officer jobs found in Champaign, IL area
Route Sales Support Driver
- Aramark Uniform
-
Urbana, IL
- ** Route Sales Support Driver** **Job Category****:** In Unit-Service-Rte Suppt **Requisition Number****:** ROUTE019450 ...
- 4/26/2024 12:00:00 AM
Golf Shop Sales Attendant
- Troon International
-
Urbana, IL
- ** Golf Shop Sales Attendant** **Job Category****:** Marketing Sales **Requisition Number****:** GOLFS003440 Showing 1 l...
- 4/26/2024 12:00:00 AM
Sales Associate - Champaign, IL - Endoscopy
- Stryker Corporation
-
Champaign, IL
- Why join Stryker? We are proud to be named one of the World's Best Workplaces and a Best Workplace for Diversity by Fort...
- 4/23/2024 12:00:00 AM
Cash Specialist In-House (Sales Associate) - Market Place Mall
- Forever 21
-
Champaign, IL
- Overview: The Sales Associate's division of responsible is cash specialist. The Sales Associate is responsible for demon...
- 4/22/2024 12:00:00 AM
Senior Account Executive (Remote Eligible)
- Busey
-
Champaign, IL
- The Senior Account Executive will be responsible for creating opportunities, driving new sales, and managing the sales p...
- 4/22/2024 12:00:00 AM
H&M Sales Associate
- H&M Group
-
Champaign, IL
- Company Description Job Description About the Role At H&M, as a Retail Sales Associate you will be advising our customer...
- 4/22/2024 12:00:00 AM
Sales Associate - 7076 Champaign, IL 61822
- Five Below
-
Champaign, IL
- At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free...
- 4/22/2024 12:00:00 AM
Sales Associate - 7076 Champaign, IL 61822
- Five Below, Inc.
-
Champaign, IL
- At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free...
- 4/22/2024 12:00:00 AM
About Champaign, Illinois
Champaign (English: /ˌʃæmˈpeɪn/) is a city in Champaign County, Illinois, United States. The city is 135 miles (217 km) south of Chicago, 124 miles (200 km) west of Indianapolis, Indiana, and 178 mi (286 km) northeast of St. Louis, Missouri. The United States Census Bureau estimates the city was home to 87,432 people as of July 1, 2017. Champaign is the tenth-most populous city in Illinois, and the state's fourth-most populous city outside the Chicago metropolitan area. It is included in the Champaign–Urbana metropolitan area.
Champaign is notable for sharing the campus of the University of Il...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for SBA Business Development Officer jobs
$77,030 to $111,118
Champaign, Illinois area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does an SBA Business Development Officer do?
SBA Business Development Officer in Indianapolis, IN
Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital.
December 27, 2019
SBA Business Development Officer in Asheville, NC
As an SBA Business Development Officer for Valley National Bank, Michael’s primary duties include developing and structuring loans and marketing other banking products and services to SBA eligible businesses.
February 14, 2020
SBA Business Development Officer in Columbus, GA
3+ years of experience in SBA lending in their local markets.
February 03, 2020