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Business Development Officer Asset Based Lending

Company: UMB Bank
Location: Washington
Posted on: September 24, 2022

Job Description:

Be part of something more.A majority of our time is spent at work. We believe that time most meaningful when its spent around people who care about you and who challenge you. We hire people who know how to make good decisions, because we wont be constantly looking over your shoulderyoull be empowered to do whats right for our customers. Most importantly, were 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 wont find elsewhere.Are you ready to be part of something more?Youre more than a means to an enda way to help us meet the bottom line. UMB isnt 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 . Youll 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 UMBs 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 theirworkingcash flow needs.WorkingatUMB is aboutour internalcollaborative spirit, entrepreneurial pride,encouraging creativity,rewarding success, having fun winning business,community involvement,andbeing 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 youll 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.Were 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 talentacquisition@umb.com or call 816-860-7972 to let us know the nature of your request.

Keywords: UMB Bank, Washington DC , Business Development Officer Asset Based Lending, Accounting, Auditing , Washington, DC

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