SalemRecruiter Since 2001
the smart solution for Salem jobs

Business Development Officer Asset Based Lending

Company: UMB Bank
Location: Salem
Posted on: November 22, 2022

Job Description:

**_Be part of something more._**A majority of our time is spent "at work." We believe that time most meaningful when it's spent around people who care about you and who challenge you. We hire people who know how to make good decisions, because we won't be constantly looking over your shoulder-you'll be empowered to do what's right for our customers. Most importantly, we're a partner. We partner with our associates to help them thrive personally and professionally. We partner with our communities and the organizations that support them. And, we partner with our customers to create an experience they won't find elsewhere.**_Are you ready to be part of something more?_**You're more than a means to an end-a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another and their community. Expect more than the status quo. At UMB, you can expect _more heart_ . You'll be valued for exactly who you are and encouraged to support causes you care about. Expect _more trust_ . We want you to do the right thing, no matter what. And, expect _more_ _opportunity_ . UMBers are known for having multiple careers here and having their voices heard.As one of UMB's commercial lending verticals, the team is responsible for growing the Asset Based Lending loan portfolio, and selling other related revenue generating services to clients. The team is made up of Business Development Officers (Originators), Underwriters, Client Managers, Collateral Analysts and Field Examiners. This team manages Asset Based Loans throughout its life cycle - developing meaningful connections with leadership of the companies they serve. Always mindful of the changes in the company, its industry, etc., over time that might create a change in their financial service needs.As the Business Development Officer, you will be responsible for originating loans within the Asset Based Lending vertical. You will negotiate price and structure of new transactions within set limits, reviewing and approving all transactions before being reported to Executive Management. As a core part of your role, you will maintain relationships with referral sources and influence centers to attract new business and retain current clients. With your expertise in cash flow, you will be involved in the underwriting process of new client proposals from prospect to client funding; and seeking approval from Executive Management for new client transactions. You will market to current and potential referral sources including, but not limited to, the following: Banks, Certified Public Accountants, Attorneys, Private Equity firms, Financial firms, Business brokers, and National organizations. You have the ability to help clients achieve their financial dreams, stream line business processes and help them better understand their?working?cash flow needs.Working?at?UMB is about?our internal?collaborative spirit, entrepreneurial pride,?encouraging creativity,?rewarding success, having fun winning business,?community involvement,?and?being valued not only for the work that you do, but also for the person the you are.? You are encouraged to bring your thoughts to the table, no matter the role that you are in.??**How you'll spend your time:**+ You will play a key role understanding client needs, their loan structures, loan requirements, collateral perfection, legal documentation, financial performance, potential loss exposures, industry trends to help mitigate exposure.+ You will utilize your credit and underwriting skills to recommend loan modifications reporting requirements and facility structures based on financial performance and risk ratings for assigned borrowers.**We're excited to talk with you if:**+ Bachelor's Degree or equivalent work experience 3 years credit experience with 3 years sales experience in a banking, finance or asset based lendingUMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to or call 816-860-7972 to let us know the nature of your request.**_Who we are_**We are more than a company. We are advisors, consultants, problem solvers, friends, community members, experts, and we are here to help you make the best of every moment with a financial foundation that can help you succeed.Learn more about The Road to a Career at UMB

Keywords: UMB Bank, Salem , Business Development Officer Asset Based Lending, Other , Salem, Oregon

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest Oregon jobs by following @recnetOR on Twitter!

Salem RSS job feeds