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- Tasks: Conduct site visits to assess potential borrowers and make lending decisions.
- Company: Dynamic company with a focus on business development and customer relationships.
- Benefits: Hybrid work model, monthly car allowance, and professional growth opportunities.
- Why this job: Join a team where your decisions directly impact businesses across England and Wales.
- Qualifications: Experience in commercial lending, risk assessment, and strong communication skills.
- Other info: Exciting role with a chance to build relationships and enhance your career.
The predicted salary is between 36000 - 60000 £ per year.
Hybrid, working remotely from home and the Windsor office and conducting site visits across England and Wales.
Role Overview
You will be conducting site visits to potential borrowers at their place of business to assess if we are proceeding to a lending decision. You will be assessing director behaviour, business sector and collating any further documentation required to determine your final lending decision. You will be looking at the risks involved with the business and put these factors towards the lending decision. The information that is gathered at the underwriting stage will also support you to conduct the visit. You will be required to present the site visit findings to the Loan Sales Manager along with your business decision as to whether we should approve the lending decision. You will be required to build a business relationship with the director(s) you meet during your site visits to enable a solid line of communication. You will be required to make contact directly with the director(s) to confirm, re-arrange and ensure that the director has all necessary documents and proof prepared for their visit. A strong understanding of commercial lending, risk assessment and financial analysis is required. Absolute professionalism whilst representing the company is essential. Strong time management is vital in this role.
Role Responsibilities
- Support the underwriting team by underwriting cases when you are not out on the road.
- Maintain an understanding of and comply with all relevant lending regulations, including those from financial regulatory bodies and internal lending policies.
- Upon completion of the site visit, ensure you carry out a post visit meeting with the Loan Sales Manager, at this stage you must ensure you raise any red flags/ concerns regarding the business we are considering lending to.
- Evaluate creditworthiness and risks of loan applicants by analysing financial data including income, financial statements, and collateral when underwriting cases.
- Provide excellent customer service by promptly responding to questions and concerns from loan applicants, explaining the loan application process, and communicating decisions effectively.
- Keep yourself updated on loan products, underwriting standards, and collections procedures.
- Ensure all documentation and ID Verification checks are prepared and completed to a satisfactory standard before submitting the case to the lending department.
- Be able to operate with proficiency CRM systems and keep accurate notes and documentation.
- Make it your responsibility to know your customers.
Requirements
- Use of own car as you will be required to drive to our customers (monthly car allowance).
- Confident, friendly and a professional manner is required at all times as you will be representing the company when onsite visits.
- Excellent interpersonal and communication skills.
- Excellent analytical and decision-making abilities.
- Knowledge of loan compliance and regulatory standards.
Business Development Executive employer: Connect Recruitment
Contact Detail:
Connect Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Executive
✨Tip Number 1
Network like a pro! Reach out to your connections on LinkedIn or industry events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Business Development Executive role.
✨Tip Number 2
Prepare for those site visits! Research the businesses you’ll be visiting and understand their sector. This will help you build rapport with the directors and show them you mean business when assessing their lending needs.
✨Tip Number 3
Practice your pitch! You’ll need to present your findings to the Loan Sales Manager, so make sure you can clearly communicate your assessment and decision-making process. We suggest rehearsing with a friend or in front of a mirror.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Business Development Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Business Development Executive role. Highlight your experience in commercial lending, risk assessment, and any relevant site visit experience to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your understanding of financial analysis and how you can build strong relationships with directors during site visits.
Showcase Your Professionalism: Since you'll be representing us during site visits, it's crucial to convey professionalism in your application. Use a clear and concise writing style, and make sure there are no typos or errors – we love attention to detail!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the StudySmarter team!
How to prepare for a job interview at Connect Recruitment
✨Know Your Stuff
Make sure you brush up on your knowledge of commercial lending, risk assessment, and financial analysis. Familiarise yourself with the latest lending regulations and internal policies, as this will show that you're serious about the role and can hit the ground running.
✨Practice Your Pitch
Since you'll be presenting your findings to the Loan Sales Manager, practice how you’ll communicate your site visit assessments. Be clear and concise about your decision-making process and the factors influencing your lending decisions. This will demonstrate your analytical skills and professionalism.
✨Build Rapport
During the interview, highlight your interpersonal skills and ability to build relationships. Share examples of how you've successfully communicated with clients or stakeholders in the past. This is crucial for the role, as you'll need to establish trust with directors during site visits.
✨Time Management Matters
Discuss your strategies for managing time effectively, especially when juggling site visits and underwriting cases. Provide specific examples of how you've prioritised tasks in previous roles to ensure deadlines are met without compromising quality.