ABL Business Development Officer - Chicago, IL - Chicago, IL

Valley National Bank
$169,100.00 - $310,200.00 / yr
paid time off
United States, Illinois, Chicago
1 North LaSalle Street (Show on map)
Oct 30, 2025
Back ABL Business Development Officer - Chicago, IL #25-1139 Chicago, Illinois, United States Apply X Facebook LinkedIn Email Copy Job Description Responsibilities include but not limited to: Partners with coverage bankers to develop targeted prospecting lists, meet with clients and prospects to develop and sustain during relationships. Drives dialog with clients on behalf of Valley National Business Capital at the C-suite level. Provides advice and proposes compelling solutions and wins mandates. Serves as Deal Captain who will lead the creation of pitch materials, screens opportunities, proposes appropriate structures, work alongside underwriting to green light transactions, drafts and negotiates term sheets with clients (interfacing with legal counsel), works with Underwriting partners to help shepherd internal approvals, negotiates legal documentation, and manages an efficient closing process. Orchestrates productive marketing, sales, and business development strategies as well as new business pipeline and sales plans to meet budgeted objectives. Continually monitor practices of competition and report findings to senior management as appropriate. Develops strong partnerships with internal constituents including senior decision makers within the Independent Risk and respective markets' banker teams; maintains a high level of credibility with key stake holders. Exhibits business and credit judgment to provide balanced assessments of transactions. Leverages strong credit skills to identify and mitigate key risks that could impact the transactions execution. Provides coaching opportunities to junior resources. Act as a consultant to Interna/External referral sources. Actively participate in Trade Shows, Speaking Engagements, Networking Events, Study Groups and Associations. Ensures that the organization's activities are carried out in accordance with all regulatory, legal, and governmental regulations as well as internal policies and procedures. Requirements Required Skills: Strong financial, credit and analytical skills. Strategic thinker, ability to assimilate complex information and make decisions with conviction. Excellent interpersonal as well as negotiation skills. Strong grasp of business and legal concepts and the risks associated therewith on asset-based financings. Highly focused, able to clearly communicate issues. Self-starter, high level of energy, enthusiasm, and motivation. Team player, able to facilitate strong partnerships. Excellent presentation skills. Required Experience: Bachelor's Degree 10 years of experience originating and structuring asset-based facilities or 7 years or more current Valley commercial lending experience. Full-time/Part-time Full-time FLSA Exempt Location(s). 1 N LaSalle St Suite 2000, Chicago , Illinois 60602 , United States Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process. Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $169,100.00 - $310,200.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.