Business Banking Development Officer jobs in Peoria, IL
Business Banking Development Officer develops banking strategies in order to sell products and services to prospective clients in the business community. Responsible for engaging with prospects and helping to close deals. Being a Business Banking Development Officer is responsible for developing, analyzing, and evaluating sales strategies and maintaining and expanding referral sources. Accountable for relatively smaller or less complex businesses objectives. Additionally, Business Banking Development Officer requires a bachelor's degree. Typically reports to a manager. The Business Banking Development Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Business Banking Development Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Business Banking Development Officer jobs
Retirement Services Business Development Officer
- First Mid
-
Peoria, IL
FULL_TIME
-
This position is open to anywhere within the First Mid footprint, a successful candidate will be within driving distance of a First Mid location. Click here to view our banking locations.The Retirement Services Business Development Officer will play a critical role in driving the growth and expansion of our employer retirement plan service offerings. This position will be responsible for identifying new business opportunities, cultivating relationships with prospective clients, and promoting our suite of retirement solutions. This role requires a blend of strategic thinking, relationship building, and financial acumen.Responsibilities include, but are not limited to:
- Responsible for business development of qualified and non-qualified retirement plans, including 401(k), 403(b), 457, profit sharing, deferred compensation, and cash balance plans established by employers.
- Identify and research prospective clients within the target market segments, including individuals, businesses, and organizations seeking retirement planning services.
- Initiate and maintain meaningful relationships with key decision-makers and stakeholders through proactive outreach efforts, including networking events, and cold outreach.
- Understand the unique needs and objectives of prospective clients and provide tailored recommendations on retirement solutions that align with their financial goals and objectives.
- Manage multiple facets of the sales process, including coordination of meetings, support materials, follow-up tasks, phone calls, proposals, presentations, closing business, etc.
- Drive consistent and predictable profitability, and organic growth to support overall revenue goals.
- Input accurate and timely information into client relationship management (CRM) system relative to client meetings and interactions, follow-up tasks, etc. to facilitate realistic corporate sales and revenue projections.
- Stay abreast of retirement plan industry trends, ERISA knowledge, capital and global market news, investment products, TPA vendors, and record keeper partners to identify opportunities for innovation and differentiation within the retirement services landscape.
- Develop relationships with internal and external centers of influence and other referral sources.
- Conduct and document quarterly portfolio and plan investment reviews.
- Recommend retirement plan fund offerings and changes, as needed.
- Create, review, and update investment policy statements (IPS) for retirement plan clients on an annual basis.
- Conduct yearly fee analysis for retirement plan clients and propose fee revisions when appropriate.
- Obtain record keeper and/or TPA vendor proposals and serve as point person during retirement plan conversions for new and existing retirement plan clients.
- Travel as needed.
- Complete required training associated with job function.
- Perform other related duties as assigned.
QualificationsEducation/Experience:- Bachelor's degree in Business Administration, Finance, Economics, or related experience. CFA designation is a plus.
- A minimum of 5 years of experience working with qualified and non-qualified plans within the financial service industry.
- Proven track record of success in sales or business development, preferably in the financial services industry with a focus on retirement planning.
- Strong understanding of retirement products, investment vehicles, and financial planning principles.
- Proficiency in CRM software, Microsoft Office Suite, and other sales productivity tools.
Skills:- Demonstrated understanding of key benefit concepts related to 401(k), 403(b), 457, profit sharing, deferred compensation, and cash balance plans.
- Excellent communication and interpersonal skills, with the ability to build rapport and credibility with clients and internal stakeholders.
- General understanding of ERISA laws governing qualified retirement plans and the retirement plan industry.
- Familiarity with top vendors' product and service offerings, with the ability to analyze direct and indirect costs related to plan management.
- Strong proficiency and experience with spreadsheets and client relationship management (CRM) systems.
- Adept with investment research focused applications, such as Morningstar, Fi360, etc.
- Well versed in all aspects of financial and investment markets with the ability to provide meaningful and updated analysis.
- High analytical, interpersonal, written, and verbal communication skills, with a strong client service focus
- Strategic thinker with a results-oriented mindset and a passion for driving business growth.
- Demonstrated success working in a team environment.
- High standard of professionalism
- Must be autonomous, able to multitask, and meet or exceed project deadlines.
First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT#LI-POST
- 1 Month Ago
Business Development Manager
- David Franck Insurance Agency Inc.
-
Ottawa, IL
FULL_TIME
- Job DescriptionOur CultureCustomer and employee success and satisfaction are our top two priorities. The two go hand-in-hand, and as they build each other up, they create an external and internal army...
- 7 Days Ago
Sales and Business Development Associate
- Pride Staff
-
Bloomington, IL
FULL_TIME
- Sales and Business Development Associate Are you a dynamic go-getter with a passion for sales and business development? Do you thrive in a fast paced environment where every day brings new challenges ...
- 1 Month Ago
Business Development Associate
- Arrow Electronics
-
Vermont, IL
FULL_TIME
- Position : * Business Development Associate *Job Description : * *SiliconExpert Business Development Associate (ARROW) Open Position*We are looking for a proactive and energetic Business Development A...
- 1 Month Ago
Director of Business Development & Marketing
- Hallmark Healthcare of Pekin
-
Pekin, IL
FULL_TIME
- Hallmark Healthcare of Pekin is seeking a Director of Business Development & Marketing Are you searching for a new career opportunity? Looking for a fresh start? If you have a passion for helping othe...
- 12 Days Ago
Director of Business Development & Marketing
- Crest Health Care
-
Pekin, IL
FULL_TIME
- Hallmark Healthcare of Pekin is seeking a Director of Business Development & Marketing Are you searching for a new career opportunity? Looking for a fresh start? If you have a passion for helping othe...
- 21 Days Ago
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0 Business Banking Development Officer jobs found in Peoria, IL area
Inside Sales Representative
- HomeTeam Pest Defense
-
Peoria, IL
- ** Inside Sales Representative** **Job Category****:** Sales **Requisition Number****:** INSID19046 Showing 1 location *...
- 5/9/2024 12:00:00 AM
Part-Time Sales Teammate
- Buckle
-
Peoria, IL
- Summary At Buckle, we target enthusiastic, ambitious individuals, who enjoy fashion and possess strong communication ski...
- 5/9/2024 12:00:00 AM
Sales - Field Underwriting Territory Representative
- Cincinnati Insurance Company, Inc.
-
Peoria, IL
- Description: Make a difference with a career in insurance At The Cincinnati Insurance Companies, we put people first and...
- 5/9/2024 12:00:00 AM
Technical Sales Rep. (Chemical Sales - Surface Treatment)
- Chemetall
-
Peoria, IL
- BASF/Chemetall, is the Surface Treatment global business unit of BASF’s Coatings division, operating under the Chemetall...
- 5/9/2024 12:00:00 AM
Business Development Executive
- Advanced Technology Services
-
Peoria, IL
- Founded in 1985, ATS is a company with a presence in the United States, Mexico and the United Kingdom. We are profession...
- 5/8/2024 12:00:00 AM
Inside Sales Representative
- Wesco
-
Peoria, IL
- As an Inside Sales Representative, you will interact with existing customers, primarily by phone and email, to increase ...
- 5/8/2024 12:00:00 AM
Sales Associate / Key Sales / Seasonal Opportunities - Banter by Piercing Pagoda - Northwoods Mall - Store 1419 - Peoria, IL
- Signet Jewelers
-
Peoria, IL
- We have many opportunities available on our other career site pages. Click here to link to our careers page! "Be More Yo...
- 5/7/2024 12:00:00 AM
Sr. Distinguished Engineer (Sr. Director IC) - Business Cards & Payments
- Capital One
-
Peoria, IL
- Center 2 (19050), United States of America, McLean, Virginia Sr. Distinguished Engineer (Sr. Director IC) - Business Car...
- 5/6/2024 12:00:00 AM
About Peoria, Illinois
Peoria (/piˈɔːriə/ pee-OR-ee-ə) is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest European settlement in Illinois, and is named after the Peoria tribe. As of the 2010 census, the city was the seventh-most populated in Illinois (and the third largest outside the Chicago metropolitan area), with a population of 115,007. The Peoria Metropolitan Statistical Area had a population of 373,590 in 2011. Until 2018, Peoria was the global and national headquarters for Caterpillar Inc.,...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Business Banking Development Officer jobs
$69,769 to $90,288
Peoria, Illinois area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does a Business Banking Development Officer do?
Business Banking Development Officer in Rochester, MN
Builds, develops, and maintains profitable customer relationships by executing an insights sales approach aimed at identifying business practices/needs and recommending solutions that allow for achievement of financial goals and objectives.
February 19, 2020
Business Banking Development Officer in Jamestown, NY
This professional targets a market, usually of small to medium sized businesses, and then helps to the development manager to improve customer relations with these companies for mutual profit.
February 17, 2020
Business Banking Development Officer in Rapid City, SD
This position is a challenging one and most companies expect serious applicants to have a bachelor’s degree in a significant field; this could be in business administration, finance, or management.
February 10, 2020