Business Development Officer

The BDO will be solely responsible for marketing the St. Louis loan and grant programs including the City of St. Louis EDA Loan Program, the ARPA Business

GENERAL SUMMARY
The BDO will be solely responsible for marketing the St. Louis loan and grant programs including the City of St. Louis EDA Loan Program, the ARPA Business Development Loan and Grant Programs to businesses located within the City of St. Louis and the SBA504 loans for both the City of St. Louis and the county. The BDO will be responsible for managing the application process from receipt of the application through the approval process and business sustainability.

ESSENTIAL JOB FUNCTIONS
Actively marketing the St. Louis City of St. Louis EDA Loan Program, ARPA Loan and Grant Program, and SBA504 loans throughout St. Louis City to various groups including small businesses, bankers, accountants, attorneys, real estate agents, chambers of commerce, business associations, and trade groups; providing guidance to St. Louis City businesses who need assistance with financing options and acting as a navigator to provide them with the information they need.

Developing a marketing and engagement program for the City of St. Louis EDA Loan Program and ARPA Business Development Loan and Grant Programs
Engaging in customer service by talking with clients (e.g., bankers, attorneys, accountants) about the City of St. Louis EDA Loan Program, and the ARPA Business Development Loan and Grant Program applications; managing issues regarding the approval process with the client.

Meeting with applicants to explain loan program eligibility requirements, assisting applicants with completing the application, and gathering the necessary supporting documentation.

Evaluating, processing, and recommending loans by analyzing both business and personal financial statements, credit reports, company history, and collateral/guaranty values, and preparing loan officer report and loan package for credit committee and board review.

Assisting the loan closing officer with project changes and client meetings during the closing process.

Monitoring regulations and changes to loan programs and disseminates information to staff and public, as needed.

Monitoring internal guidelines, policies and procedures; update systems as necessary and disseminate information to appropriate parties.

Perform various other duties and functions as required or assigned within the area of expertise or scope of the position.

Education: Bachelor's degree from an accredited institution with major course work in business, finance, banking, accounting, commercial lending, or a closely related field.

Experience:

At least two years of related work experience or other equivalent combination of education and experience.
Demonstrated experience in initiating, managing, and closing multi-faceted business/financial deals/loans.
Demonstrated ability to develop strategies, action plans, and KPIs that deliver impactful results in a consistent and ongoing manner.
Maintains an extensive business network.
Demonstrated ability to meet, interact with and collaborate with a wide variety of people and identify and resolve complex business issues. Politically savvy with excellent communication skills.
Knowledge of:

Economic, financial, accounting, and marketing principles and practices, the financial markets, and the analysis and reporting of financial data.
Practices involved in banking and real estate transactions and associated legal documentation.

Modern office practices and procedures, equipment, and systems.
"The position may be financed (in part) (wholly) through an allocation of Community Development Block Grant funds from the Department of Housing and Urban Development and the City of St. Louis' Community Development Administration." 

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