Hybrid Senior USDA Product Specialist

at Byline Bank

• Job title: Senior USDA Product Specialist
• Job type: Full Time
• Experience level: Senior
• Salary: $95,000 - $130,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Schaumburg, United States

About the role

• Sr. USDA Loan Analyst supporting Small Business Capital in originating USDA loans for Byline Bank. Guiding customers through loan processes while collaborating with various internal teams.

Responsibilities

• Supports the development of new USDA/SBA business through pre-qualification and client engagement efforts
• Identifies and conducts appropriate prospecting activities among business development leads
• Identifies and qualifies leads from Business Development Officers for USDA program suitability
• Contributes to loan profitability through appropriate pricing, fee income, and cross-selling of products and services
• Prepares detailed credit memos including project data, loan terms, and financial analysis for committee review
• Coordinates with underwriting, legal, and closing teams to satisfactorily meet customer expectations
• Serves as the primary contact with USDA state and national offices during the underwriting and closing process
• Ensures all USDA conditions are met prior to issuance of the Loan Note Guarantee
• Stays current on USDA guaranteed loan guidelines and common practices and ensures internal compliance
• Review third party reports as needed
• Travel maybe required up to 25%

Requirements

• Bachelor’s degree in Business Administration, Finance, Accounting, or related degree
• 5+ years of commercial banking loan and deposit business development or relationship management experience
• 3+ years of working on USDA B&I loans in some capacity
• Knowledge of USDA OneRD requirements and processes
• Strong knowledge of government guaranteed lending policies and procedures
• Knowledge of commercial banking practices, including financial statement and credit analysis
• Formal credit training preferred
• Ability to work collaboratively with a variety of stakeholders at all levels
• Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions
• Proficient in MS Word, Excel, and PowerPoint; experience working with nCino banking system and/or Salesforce a plus.

Benefits

• Medical coverage
• Dental
• Vision
• Disability
• 401k
• Paid time off
• Discretionary bonuses