Overview:

As a pivotal player in our team, you will act as GGL Senior BDO, fostering valuable connections with small businesses through Government Guaranteed products. Your role will entail gathering essential credit information from current and prospective borrowers while skillfully negotiating, analyzing, and coordinating the intricacies of major Government Guaranteed loan approvals and closings.

Your expertise will be key in negotiating credit terms, including costs, repayment methods, and collateral specifications. You’ll also ensure that interest rate structures align with bank policies and are competitive in the current market landscape.

• Key Responsibilities: Proactively develop and pursue new business opportunities with current and potential clients for Government Guaranteed loan products.

• You will be instrumental in meeting the bank and department’s established goals, actively promoting the SBA and USDA loan products alongside bank officers and supporting their outreach programs.

• Analyze credit applications, comprehend Government Guaranteed loan program eligibility, and present viable opportunities to the bank.
• Guide clients through the entire loan application and closing process, compiling the necessary financial documentation.
• Independently manage negotiations and credit assessments, accurately identifying customer and transaction credit risks.
• Collaborate with the Underwriting and GGL team to facilitate the seamless progression of loan requests, ensuring compliance with all Government Guaranteed program requirements.
• Maintain a thorough understanding of both SBA and USDA Standard Operating Procedures, along with the bank’s lending policies and practices.
• Work closely with other managers and bank staff, including Commercial and Business Bankers, to ensure effective teamwork and a comprehensive understanding of the Government Guaranteed Lending Line of Business.
• Establish and nurture a robust referral network with commercial real estate brokers, loan brokers, CPAs, lawyers, and others to generate new leads for Government Guaranteed loans.
• Engage directly with third-party groups (CDCs and government agencies) in your geographic area to uncover credit-enhanced loan leads.
• Once loans are completed, coordinate with relevant stakeholders for a smooth transition of client management to ongoing service teams.
• Guide, mentor, and train less experienced GGL Lender I’s, helping them advance to GGL Lender II status as needed.
• Support fellow GGL team members in addressing complex issues and facilitate satisfactory solutions.
• Exercise leadership to rectify errors and recommend changes that enhance processes and prevent future discrepancies impacting loan guarantees.
• Adhere to regulatory compliance and training relevant to your role, including Bank Secrecy Act and Customer Information Privacy guidelines.
• Maintaining integrity, discretion, and confidentiality is paramount.

Qualifications:

• Minimum of 10 years of experience in Government Guaranteed Lending.
• A Bachelor’s degree in Finance, Accounting, or Economics is required; an MBA is preferred.
• Exceptional communication skills are necessary for engaging with customers, executive management, and the public, especially during challenging negotiations.
• A strong background in business development, customer relations, and decisive problem-solving is essential.
• A comprehensive understanding of bank policies and procedures is a must.

About Us:

At Veritex Community Bank, we embody “Truth in Texas Banking.” Established in 2010, we rank among the top ten largest banks based in Texas, achieving public company status in 2014. We’ve consistently been recognized on Fortune’s 100 Fastest Growing Companies list in 2020 and 2021. Headquartered in Dallas, we pride ourselves on transparency, integrity, and a commitment to our communities.

Our greatest asset is our people—passionate, authentic, and talented individuals who thrive in our culture that encourages everyone to “Be Your True Self.” Our “True You” culture is built upon five essential pillars:

1. Be Mindful
2. Be Healthy
3. Be Better
4. Be Prosperous
5. Be Faithful

This foundation fosters a team committed to transparency, honesty, and integrity, all while serving our clients and communities with respect and care. Explore our mission further on our website and see how we revolutionize Texas banking.

Note: Veritex Community Bank does not accept unsolicited resumes from recruiting firms or employment agencies. We hold the right to pursue and onboard candidates submitted to us without a recruitment services agreement, without any financial obligation to the recruiter. All unsolicited resumes, including those sent to managers, will become the property of Veritex Community Bank.

Work Environment and Physical Requirements: Occasionally, employees may lift or move items up to 25 pounds and may engage in standing, walking, reaching, climbing, balancing, stooping, kneeling, crouching, or crawling. The work environment typically resembles a standard office setting. Accommodations can be made for individuals with disabilities to perform essential job functions.

Disclaimer: This job description is intended to encapsulate the primary duties and responsibilities associated with this position. Employees may be required to follow additional instructions and perform related duties as assigned by authorized personnel. Veritex Bank reserves the right to modify tasks and responsibilities to align with business needs.

This document does not create an employment contract, implied or otherwise, of an “at-will” relationship. Veritex Community Bank is an equal opportunity employer.

Veritex Community Bank is committed to equal employment opportunities and will not discriminate against individuals based on race, color, religion, national origin, sex, age, disability, veteran status, genetic information, sexual orientation, marital status, or any other protected basis under federal, state, or local laws. Information collected during this application process is solely for evaluating suitability for employment and maintaining applicant statistics.

If you require reasonable accommodations under the Americans with Disabilities Act or similar laws, please inform our personnel representative for assistance with the application process.