Commercial Business Development Officer

Bank of America•Fort Lauderdale, FL

5d•Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: The Commercial Business Development Officer (CBDO) is responsible for partnering with assigned Enterprise Bankers to provide the most appropriate lending solution to prospects and clients with revenues up to $50 Million. Solutions include conventional and SBA loan options. The CBDO will also be responsible for building a network of COIs in their assigned market to self-source lending opportunities and identify and develop new client relationships for the bank. The CBDO maintains and builds a network of referral sources including internal and external partners, Real Estate Brokers, Community Development Corporations (CDCs), commercial referral sources, and prospect lists provided by marketing intelligence. Once a relationship is established and the initial transaction is complete, the CBDO transfers the client to a Relationship Manager to deepen and expand the long-term banking relationship, allowing the CBDO to focus on the primary role of identifying and booking lending solutions. The CBDO's primary focus includes identifying, marketing and educating on all loan products, including SBA options.

Requirements

5–10 years of experience in commercial banking and/or business lending
Demonstrated ability to achieve or exceed sales goals and develop new client relationships
Experience providing financial solutions for small businesses, including SBA lending options
Familiarity with CRM systems and digital tools (e.g., Salesforce or similar platforms)
Strong verbal and written communication skills with the ability to influence effectively
Ability to identify and manage risk in alignment with organizational standards

Nice To Haves

Proven ability to build and maintain business relationships through internal and external referral sources
Established network of Centers of Influence (COIs) and market knowledge with a track record of prospecting and business development
Bachelor’s degree in business, finance, economics, or related field
Formal credit or lending training and strong credit analysis skills, including expertise in SBA lending

Responsibilities

Cultivates new relationships with prospects across different markets
Works with local teams during prospect identification, calling, due diligence, onboarding, and underwriting processes
Assists local client teams that are extending credit for the first time to clients with due diligence, underwriting and interactions with Risk
Builds and maintains a network of internal and external centers of influence that facilitate new Business Banking relationships
Participates in external trade shows, conferences, and speaking engagements, that support our external brand and marketing strategy, and drive new business opportunities
Serves with subject matter expertise to sales teams, provides education to market teams on capabilities, and assists with identification of opportunities in local markets
Works with internal partners and stakeholders to further develop and refine market strategy

Stand Out From the Crowd

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

Upload and Match Resume