Business Development Officer (Hybrid)

Byline Bank•Schaumburg, IL

31d•$86,000 - $107,000•Hybrid

About The Position

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender. At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include: U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in 2024-2025, 2025-2026. Chicago Sun Times Chicago's Best Workplaces 2024 Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management) Forbes America's Best Small Employers 2023 By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you. An interest in SBA Lending and Commercial Banking and working with people, building relationships and providing the best customer experience possible is essential to this role. At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Requirements

A Bachelor's degree preferred, but not required.
A minimum of five (5) years of commercial lending experience in banking or financial services.
Knowledge of commercial lending experience.
Extensive working knowledge of SBA government guaranteed lending policies and procedures.
Strong relationship management and business development sales skills including ability to communicate effectively.
Knowledge of commercial banking practices, including financial statements and credit analysis.
Ability to structure loans to meet the needs of bank & borrower.
Formal credit training is preferred.

Responsibilities

Work independently to develop and solicit new business from present and prospective clients to increase revenue base and overall profitability.
Work with credit analysts to analyze the credit history of applicants and determines their loan repayment capabilities.
Negotiate credit terms, such as costs, loan repayment methods and collateral specifications.
Negotiate interest rate structure to be consistent with bank policies and procedures, and to be competitive with current market rates.
Support the bank's relationship banking culture through on-going customer contact, quality customer service, and product knowledge.
Build relationships with other businesses and prospective customers through, professional and national contacts and current customer referrals.

Benefits

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals.
We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more!
Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs.
The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume