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Valley Bank · 1 day ago

Asset Based Lending Business Development Officer

Chicago, IL

Full-time

Onsite

Senior Level

$169K/yr - $310K/yr

7+ years exp

Valley Bank is a leading relationship bank focused on growth and client success. They are seeking a highly motivated Business Development Officer to drive the development of asset-based lending nationally, collaborating with banking teams and cultivating referral sources to enhance business opportunities.

Banking

H1B Sponsor Likely

Hiring Manager

Paramita Roy

Responsibilities

Work closely with C&I Banking Teams to identify and cultivate ABL prospects

Qualify prospects to determine viability of the opportunity while pitching our value proposition and market differentiators

Procure and organize due diligence information

Prepare and present new business screening documents and financing proposals

Coordinate with Underwriting Team to structure deal terms, prepare initial proposals and terms sheets

Work in tandem with relationship bankers to spearhead prospect negotiations

Working closely with Relationship Bankers, Underwriting and Portfolio teams to shepherd internal approvals, negotiate legal documentation and support prospect/customer needs and insure a smooth and timely process to close

Develop and implement strategic and tactical plans to drive success

Use CRM to coordinate calling efforts and record key activities as detailed in calling plans and objectives

Continuously improve product knowledge, sales skills, and sales/relationship management techniques

Ensure that the organizations activities are carried out in accordance with all regulatory, legal and governmental regulations, as well as, internal policies and procedures

Qualification

Asset-based lendingCommercial financeCredit skillsAnalytical skillsMicrosoft OfficeCommunication skillsInterpersonal skillsRelationship developmentSelf-motivatedFast-paced environment

Required

A college degree, preferably in finance or business administration, or equivalent experience

Experience in asset-based lending/commercial finance, underwriting, portfolio management or similar background with strong credit skills

Detail orientated with exceptional analytical skills

Strong communication, interpersonal and relationship development skills

Highly proficient in the Microsoft Office suite

Focused on meeting the needs of clients, with the ability to adapt to market demands

Self-motivated, works independently and can operate efficiently in a fast-paced environment

10 years of experience originating and structuring asset-based facilities or 7 years or more current Valley commercial lending experience

Benefits

Comprehensive health care and insurance plans

Retirement savings options

Tuition and adoption reimbursement programs

Paid time off

Mental health support

Other valuable benefits programs

Company

Valley Bank

Glassdoor3.2

Valley National Bank is a regional financial institution

Founded in 1927

Wayne, New Jersey, USA

1001-5000 employees

https://www.valley.com/

H1B Sponsorship

Valley Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (18)

2024 (13)

2023 (7)

2022 (11)

2021 (5)

2020 (5)