Banking Associate

Job Summary:Banking Associate

Within the realm of banking, individuals in the role of a Banking Associate deliver personalized financial solutions to clients by supporting them with their daily banking tasks, overseeing the establishment and management of accounts, and advising on appropriate products and services.

Crucial responsibilities and duties:

Business Development:

• Swiftly create a steady rhythm for SBA business progress within the market, covering a range of elements like:
• Arranging phone discussions and managing follow-ups
• Client retention calls
• New client prospecting
• Utilizing phone calls as a means of external outreach
• Networking events
• Maintain and broaden a sophisticated COI base consisting of community and business influencers to boost referral generation
• Handling sales duties, conducting credit assessments, structuring loans accurately, packaging and submitting SBA loan requests, interviewing clients, and evaluating character traits
• Source and nurture unfamiliar connections to stimulate business growth and opportunities

Credit Acumen:

• Demonstrates proficiency in comprehending corporate credit facilities, which include:
• Formulating appropriate terminology and products that address the specific business needs, asset lifecycle, and growth strategy
• Examining financial statements and tax returns is a necessary step in determining the creditworthiness and risk of applicants seeking credit
• Evaluating short- and long-term credit needs based on the rhythm of business sales cycles and prospective growth initiatives
• Shares knowledge with potential clients regarding the policies banks adhere to when reviewing loan applications, SBA offerings, and pertinent governmental guidelines
• Teams up with attorneys, loan closing experts, and internal staff to ensure loans are closed and funded in a timely manner
• Ensures a harmonious blend of meeting business needs, addressing customer desires, and controlling risk exposure
• Respects and follows the conduct code mandated by Seacoast Bank
• Guides and advises entry-level SBA lenders in their career development
• Maintains compliance with banking policies and procedures, particularly in relation to BSA, AML, and OFAC guidelines
• Assesses loan applications and compiles essential applicant information while adhering to fair lending principles and ethical sales techniques
• Deals with customer issues promptly and professionally, escalating concerns as deemed suitable

Education And Experience:

• Meeting the requirement for a high school diploma or its similar substitute is compulsory
• Candidates with a college degree in a finance-related field are favored
• The preference is for candidates to have at least five years of directly relevant experience in SBA lending
• Business development and financial services positions call for a minimum of 10 years of relevant experience
• Proficiency demonstrated in written, verbal, and interpersonal communication skills
• Profound knowledge of desktops, laptops, tablets, smartphones, and Microsoft Office Suite software

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