VP, Business Development

Job Description

Job Description

Job Summary :

The Business Development Officer (“BDO”) will be responsible for and instrumental in the process of building the ReadyCap brand nationwide. The individual in this position will solicit and originate Small Business Loans in accordance with ReadyCap Lending, LLC (“the Company”) lending products and policies. The BDO is responsible for business development, quality loan submissions, and all aspects of deal flow management, ultimately leading to successful funded loans.

Responsibilities include, but are not limited to, the following :

• Build relationships with local and national referral sources which include but are not limited to Bankers, Mortgage Brokers, Business Brokers, Realtors, Franchises, CPAs and ReadyCap Commercial Loan Officers.
• Develop strong relationships with SBA District offices in your assigned territory.
• Work with referral sources and customers to solicit SBA loan request.
• Prepare formal Prescreens to present opportunities to Credit Underwriting.
• Prepare, present, and sell loan proposals consistent with approved prescreens.
• Consistently generate and maintain a pipeline of transactions that meet risk and return objectives of the Company at a minimum pace of two Proposal Letters (“Proposals”) issued per month.
• Compile complete, high quality, loan application packages to underwriting.
• Present commitment letters to customers for execution.
• Work closely with ReadyCap loan origination team (underwriting, processing, and closing) and the Applicant to deliver an 80% credit approval rate and successful closing of at least 80% of accepted commitments.
• Meet funding goals as determined by the Company.
• Build ReadyCap Brand awareness in the market place.
• Represent the Company with honesty and integrity while delivering high levels of customer service in all interactions.
• Build relationships to promote the strategic outreach plans of ReadyCap.
• Develop strategies and tactics to achieve ReadyCap business objectives.
• Perform related assignments or special projects as may be required.

Qualifications Education and / or Experience :

Knowledge and / or Experience :

Required Skills :

Physical Demands :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand and walk. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment

The work environmental characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. The noise level in the work environment is moderately quiet. We thrive in an environment that encourages hard work while having fun!

Salary : $8