Asset Lending Senior Business Development Officer - Houston

Bank of American Business Capital ("BABC"), the market leading provider of asset-based lending ("ABL") solutions, is seeking a Senior Business Development Officer ("BDO") to deliver creative senior secured credit facilities to large corporate, middle market and lower middle market borrowers in support of their organic and/or M&A growth, recapitalizations and refinancing of existing debt. Based in either Atlanta, Charlotte or Metro DC, the BDO will cover perspective ABL clients and COIs in the Mid-Atlantic Region and the Carolinas.

The BDO’s role is to source new financing opportunities, and lead deal teams through the analysis, approval and execution phases of a transaction. The BDO should be capable of working on sole lender, club and widely syndicated ABL transactions. In addition to directly calling on prospective ABL clients, the BDO will have an external referral network comprised of private equity firms, investment banks, consultants, direct credit lenders, etc.

The BDO will develop an internal referral network of relationship managers and credit product partners in Business Banking, Global Commercial Banking, Global Corporate and Investment Banking and others.

Importantly, the BDO should be a team player with strong relationship management skills in working with internal colleagues and Bank of America to prospective ABL clients and COIs.

This job is responsible for sourcing new financing opportunities and leading deal teams through the analysis, approval, and execution phases of a transaction. Key responsibilities include working on sole lender, club, and widely syndicated ABL transactions and maintaining an external referral network of private equity firms, investment banks, consultants, and direct credit lenders. Job expectations include developing an internal referral network of relationship managers and credit product managers in Global Banking among other lines of business to work with prospective ABL clients and COIs.

• Originates new asset based lending credit facilities for companies $50MM+ in revenue
• Acquires profitable client relationships through sales, prospecting, and enhancing existing relationships
• Understands and interprets financial and cash flow statements to assess and analyze financial conditions of companies and industry trends
• Collaborates with internal bank partners to deliver asset based lending solutions to clients and prospects
• Leads and facilitates dialogue with complex clients and prospects on topics such as the industry, alternative capital structures, and general business issues
• Coaches and mentors peers, while utilizing leadership skills
• Adapts to changes in sales practices and broader market and industry conditions as needed

• Direct calling experience at the CEO, CFO and MD level
• Five+ years of experience in ABL Lending
• Strong oral, written and analytical/credit skills
• Ability to travel for in-person meetings
• FINRA 7, 63 licenses (if not currently licensed, must be completed within 180 days of start date).

• Completion of a bank credit training program.

• Business Development
• Negotiation
• Sales Strategy
• Client Management
• Influence
• Networking
• Referral Identification
• Oral Communications
• Referral Management
• Written Communications

Undergraduate degree:
Majors in business, finance or economics preferred. MBA desirable or equivalent experience

1st shift (United States of America)

40