Bank of America

Asset Based Lending Senior Business Development Officer

Bank of America

Charlotte, NC, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a skilled and driven professional with a strong background in commercial lending? Are you looking for an exciting opportunity to make a significant impact in the financial industry? Look no further, as Bank of America is seeking a highly qualified Asset Based Lending Senior Business Development Officer to join our dynamic team.As a Senior Business Development Officer, you will play a critical role in identifying and cultivating new business opportunities for our Asset Based Lending division. You will work closely with clients to understand their financial needs and develop customized solutions to help them achieve their goals. Your strong business acumen and expertise in asset based lending will be essential in building and maintaining strong relationships with clients and driving business growth.To excel in this role, you must have a proven track record of success in commercial lending, with a deep understanding of asset based lending products and services. You should possess exceptional communication and negotiation skills, as well as a strong ability to analyze and interpret financial data. A bachelor's degree in business, finance, or a related field is required, and an advanced degree is preferred.If you are passionate about driving business growth and have a strong desire to make a meaningful impact in the financial industry, we want to hear from you. Join our team at Bank of America and take your career to the next level.

  1. Develop and implement strategies to identify and attract new clients for the Asset Based Lending division.
  2. Build and maintain relationships with current and potential clients to understand their financial needs and provide customized solutions.
  3. Conduct thorough financial analysis and risk assessments to evaluate potential clients and their creditworthiness.
  4. Collaborate with internal teams to structure and negotiate deals that align with the bank's risk appetite and meet clients' needs.
  5. Stay updated on market trends, industry developments, and competitor activities to identify opportunities for business growth.
  6. Represent Bank of America at industry events and networking opportunities to promote the bank's services and generate new business leads.
  7. Prepare and present proposals, pitches, and presentations to clients and senior management.
  8. Work closely with underwriting and credit teams to ensure timely and accurate completion of due diligence and loan documentation.
  9. Monitor and manage existing client relationships to identify opportunities for cross-selling and upselling.
  10. Meet or exceed sales targets and contribute to the overall profitability of the Asset Based Lending division.
  11. Mentor and provide guidance to junior team members, sharing knowledge and expertise in asset based lending.
  12. Adhere to all regulatory and compliance policies and procedures.
  13. Continuously improve processes and procedures to enhance efficiency and effectiveness in business development.
  14. Collaborate with other business units within the bank to leverage cross-selling opportunities and strengthen overall client relationships.
  15. Maintain a high level of professionalism and represent Bank of America's values and brand with integrity.
Where is this job?
This job is located at Charlotte, NC, USA
Job Qualifications
  • Extensive Experience In Asset Based Lending: A Senior Business Development Officer At Bank Of America Should Have A Minimum Of 8-10 Years Of Experience In The Asset Based Lending Industry, With A Proven Track Record Of Success In Developing And Managing Client Relationships.

  • Strong Financial And Analytical Skills: This Role Requires A Deep Understanding Of Financial Statements, Credit Analysis, And Underwriting Principles. The Ideal Candidate Should Possess Excellent Financial Analysis Skills And Be Able To Identify And Mitigate Potential Risk Factors.

  • Proven Sales And Business Development Abilities: A Successful Senior Business Development Officer Should Have A Track Record Of Meeting And Exceeding Sales Targets, As Well As Developing And Maintaining A Pipeline Of New Business Opportunities. Strong Networking And Relationship-Building Skills Are Also Key Qualifications For This Role.

  • Excellent Communication And Interpersonal Skills: As A Senior Business Development Officer, The Ability To Effectively Communicate Complex Financial Information And Build Strong Relationships With Clients Is Crucial. This Role Requires Strong Interpersonal Skills, Including The Ability To Negotiate And Influence Decision-Making.

  • Knowledge Of Industry Trends And Regulations: The Asset Based Lending Industry Is Constantly Evolving, And A Senior Business Development Officer Should Stay Up-To-Date On Industry Trends, Regulations, And Market Conditions. A Deep Understanding Of Loan Structures, Industry-Specific Risks, And Regulatory Requirements Is Essential For Success In This Role.

Required Skills
  • Financial Analysis

  • Communication Skills

  • Market Research

  • Negotiation

  • Relationship Management

  • Portfolio Management

  • Loan structuring

  • Risk assessment

  • Business acumen

  • Credit Underwriting

  • Sales Strategy

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Teamwork

  • Adaptability

  • Problem-Solving

  • Decision-making

Compensation

According to JobzMall, the average salary range for a Asset Based Lending Senior Business Development Officer in Charlotte, NC, USA is $90,000-$130,000 per year. However, this can vary depending on factors such as years of experience, specific job duties, and the size and type of company. Additionally, bonuses and commission may also be included in the overall compensation package.

Additional Information
Bank of America is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedAugust 12th, 2024
Apply BeforeAugust 19th, 2025
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About Bank of America

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.

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