Job Description

SPECTRUM is seeking a high-energy Business Development Officer to open a new sales office and establish a lending presence in our newest markets of Dallas, TX and Nashville, TN. In this outward-facing role, you will be on the front lines, building relationships with referral partners and connecting with companies that need alternative financing solutions for working capital, term debt, acquisitions, or turnaround strategies.

We’re looking for someone who is passionate about business, curious about how companies operate, and driven to help clients solve real financial challenges, especially when traditional bank financing isn’t an option. The ideal candidate is entrepreneurial, self-motivated, disciplined, and collaborative, with exceptional communication skills, and is willing to work from home.

About SPECTRUM:

Founded in 1995 and headquartered in Minneapolis, MN, SPECTRUM is an established asset-based lending and factoring company serving small and mid-size businesses nationwide. We work predominantly with manufacturing and distribution companies and select service businesses. We are part of the Gulf Coast Bank & Trust family of financial services companies, based in New Orleans, LA.

To learn more, visit: https://www.spectrumcommercial.com/

Why Work at SPECTRUM?

SPECTRUM is a growing, consistently profitable, niche lender focused on providing working capital and term loans to small businesses. As a Business Development Officer, you will be the face of SPECTRUM in your local market, leading outreach to referral partners and prospective clients.

You will join a seasoned team of Business Development Officers located across the country, gaining the support, tools, and backing of a strong organization while maintaining autonomy to build your own market presence.

There are many reasons a candidate might consider working at SPECTRUM:

• You can make a significant impact at SPECTRUM.
• We are highly successful.
• Timing – the current demand for asset-based loans and factoring is high and is expected to remain, if not increase, over the coming years.
• Our senior management team is accessible and involved in the sales process.
• Our employees play pivotal roles in the daily ongoings of our business.
• We are a professional group of businesspeople who believe in teamwork and helping our clients succeed.

Comprehensive Benefits: What We Offer

• Competitive salary & commission structure to elevate your earning potential.
• Comprehensive benefits package that includes the following (based on eligibility and requirements):

Employee Stock Ownership Program,

Retirement Savings Plan,

Medical, Dental, & Vision programs,

Health Savings Accounts, and

Flexible Spending Accounts.

• Career Growth opportunities - tuition reimbursement.

Responsibilities

• Sourcing new Asset Based Lending and Factoring prospects with needs ranging from $250,000 to $7 million.
• Generating and calling on a network of referral sources consisting of commercial bankers, restructuring professionals, private equity firms, accountants, attorneys, brokers and others.
• Preparing our comprehensive pre-underwriting document.
• Drafting, issuing and negotiating proposal letters.
• Developing and maintaining a calling plan, tracking contacts made with new and existing referral sources.
• Representing SPECTRUM at industry association events and promoting the SPECTRUM brand in your day-to-day calling activities.

Requirements

Skills/Experience/Education

• 3–5+ years of general business to business sales experience (lending-related is a plus).
• Strong understanding of business and financial statement concepts, terminology, and practices.
• Professional presentation, communication, and negotiation skills suited for one-on-one and group settings.
• Bachelor’s degree.
• Experience with or basic understanding of Customer Relationship Management (CRM) systems preferred, such as Salesforce.
• Proven ability to work independently, manage time effectively, follow through on tasks, and stay motivated to achieve and exceed goals.

Essential Mental & Physical Requirements

• Ability to travel if required to perform the essential job functions.
• Ability to work under stress and meet deadlines.
• Ability to read and interpret a document if required to perform the essential job functions.
• Prolonged periods of sitting at a desk and working on a computer may be required.
• Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the role and may be amended or changed at any time at the company’s discretion.

Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.