Business Development Officer - Little Rock, AR

Southern Bancorp • Little Rock, AR

8d • Onsite

About The Position

Southern Bancorp Community Partners is a non-profit Community Development Financial Institution (CDFI) that combines lending with financial development tools and public policy advocacy to help families and communities grow stronger. Their mission is to be wealth builders for everyone in the communities they serve, with a focus on low-wealth, underserved and un(der)banked populations. This role is responsible for community outreach and involvement to generate microbusiness lending opportunities and financial development services, particularly for low-to-moderate income borrowers and communities with historically limited access to mainstream financial products. The primary focus will be on building a robust network of referral sources to drive loan volume, as well as assisting with program recruitment, economic skills classes, and other training sessions.

Requirements

• High School diploma and at least 2 years of college or university study, bachelor’s degree in business, finance, accounting, or economics preferred
• One to three years of related experience
• Knowledge of financial statements and tax returns a plus
• Experience performing financial analysis a plus
• Excellent oral and written communications skills
• Proficiency with Microsoft Office suite
• Experience with Sales Force a plus
• Fluency in Spanish is strongly preferred
• Ability to travel for meetings and client appointments
• Must possess and maintain current and valid driver’s license and a vehicle with appropriate insurance coverage
• Willingness to travel for events and meetings

Nice To Haves

• Bachelor’s degree in business, finance, accounting, or economics
• Knowledge of financial statements and tax returns
• Experience performing financial analysis
• Experience with Sales Force
• Fluency in Spanish

Responsibilities

• Develop new business by maintaining professional networks and establishing a favorable presence in local communities by participating in civic organizations and community activities to generate loan volume and referrals for asset development services
• Cultivate and nurture relationships with community partners within assigned markets to generate referral opportunities that align with SBCPs mission and target markets
• Seek and originate Microbusiness loans (under $100K) with a focus on Microbusiness owners in designated low-to-moderate-income areas and follow up on referrals and direct inquiries
• Take applications, package loans, interview customers, explain different financing products and programs, make recommendations for appropriate financial products, and negotiate credit terms
• Provides all customers with prompt, efficient and friendly service, with an emphasis on problem-solving and solution-building
• Ensure timely processing and funding of loans
• Service loans as needed, including monitoring loans for credit risk changes and managing past due loan payments, including pursuing collection of past due and charged off loans
• Identify and evaluate technical assistance, financial education, and financial coaching needs of current and prospective clients and ensure proper and effective referral to SBCP’s financial counselors
• Complete all required training
• Performs other related duties as required or assigned, including assisting with wealth building programs
• Coordinate with Southern Bancorp Bank and Southern Bancorp Inc counterparts and partners

Benefits

• 401(k)/Roth plan with immediate eligibility and employer match up to 6%
• Employee stock ownership plan
• Discounted rate on primary home mortgage
• Credit and housing counseling
• Free financial education tools available to customers and employees
• Two medical plans available – low-deductible PPO plan or HDHP with Health Savings Account
• Dental and vision insurance
• Employer paid life insurance, and short- and long-term disability coverage
• Retirement plan with generous company match and employee stock purchase option
• Voluntary life insurance options for employee, spouse, and children
• Paid holidays and paid time off
• Bonus plan
• Opportunity for merit raises
• Employee reward and recognition programs
• Community service opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED