Sr. USDA Product Specialist (Remote)
About The Position
The Sr. USDA Loan Analyst supports Small Business Capital (SBC) in originating USDA loans to grow Byline's business and build new client relationships. This role guides customers through pre-qualification, underwriting, and closing, while collaborating with SBC Business Development Officers, Credit Analysts, Closers, and USDA representatives nationwide. The Sr. USDA Loan Analyst has a strong understanding of USDA regulations and complex loan structures and serves as the primary liaison with USDA offices across the country.
Requirements
- Bachelor's degree in Business Administration, Finance, Accounting, or related degree.
- 5+ years of commercial banking loan and deposit business development or relationship management experience.
- 3+ years of working on USDA B&I loans in some capacity.
- Knowledge of USDA OneRD requirements and processes.
- Strong knowledge of government guaranteed lending policies and procedures.
- Knowledge of commercial banking practices, including financial statement and credit analysis.
- Be a strategic thinker with the ability to develop, communicate and implement plans that support the overall goals of the Bank.
- Ability to work collaboratively with a variety of stakeholders at all levels.
- Be self-motivated and an effective time and project manager with a strong attention to detail.
- Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.
- Proficient in MS Word, Excel, and PowerPoint; experience working with nCino banking system and/or Salesforce a plus.
- Possess strong communication skills both verbally and in writing.
Nice To Haves
- Formal credit training preferred.
- Proficient in MS Word, Excel, and PowerPoint; experience working with nCino banking system and/or Salesforce a plus.
Responsibilities
- Supports the development of new USDA/SBA business through pre-qualification and client engagement efforts.
- Identifies and conducts appropriate prospecting activities among business development leads.
- Identifies and qualifies leads from Business Development Officers for USDA program suitability.
- Contributes to loan profitability through appropriate pricing, fee income, and cross-selling of products and services.
- Prepares detailed credit memos including project data, loan terms, and financial analysis for committee review.
- Coordinates with underwriting, legal, and closing teams to satisfactorily meet customer expectations.
- Serves as the primary contact with USDA state and national offices during the underwriting and closing process.
- Ensures all USDA conditions are met prior to issuance of the Loan Note Guarantee.
- Stays current on USDA guaranteed loan guidelines and common practices and ensures internal compliance.
- Review third party reports as needed.
- Travel maybe required up to 25%.
- All other duties as assigned.
Benefits
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
1,001-5,000 employees
