Business Development Officer (Select Customer) jobs in Rockford, IL
Business Development Officer (Select Customer) develops and implements select customer referral strategies in order to increase client satisfaction and portfolio growth for affluent professional customers. Responsible for initial relationship and follow-up with prospects. Being a Business Development Officer (Select Customer) represents the bank to current and prospective customers and communicates directly with them. Develops and executes marketing and sales strategies according to business objectives. Additionally, Business Development Officer (Select Customer) prepares and presents sales results to top management. Retains and expands existing customer relationships and acquires new customers. May require a bachelor's degree. Typically reports to a manager or head of a unit/department. The Business Development Officer (Select Customer) contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Business Development Officer (Select Customer) typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)
Recently Added Business Development Officer (Select Customer) jobs
Retirement Services Business Development Officer
- First Mid
-
Rockford, 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 EMPLOYMENTHP123
- 18 Days Ago
Retirement Services Business Development Officer
- First Mid Bank & Trust
-
Rockford, IL
FULL_TIME
- Position: Retirement Services Business Development Officer Location: Rockford, IL Job Id: 3533 # of Openings: 1 This position is open to anywhere within the First Mid footprint, a successful candidate...
- 18 Days Ago
Business Development Manager (Independent Contractor)
- Buddy Web Design and Development
-
Rockford, IL
CONTRACTOR
- Interested in using your prospecting and sales skills with a growing technology company with an in-demand service, a great portfolio, and excellent customer reviews? Buddy Web Design & Development is ...
- 26 Days Ago
Business Development Representative
- Huntley Ford
-
Huntley, IL
FULL_TIME
- Want to make more money? Huntley Ford is looking for top performers and motivated individuals looking to take their careers into the next level and become the best of the best in their industry. Huntl...
- 17 Days Ago
Business Development Manager
- D1 Training - Rockford
-
Machesney Park, IL
PART_TIME
- Benefits: Base Commission Flexible schedule Bonus based on performance Training & development Wellness resources Benefits/Perks Continuing education through company-sanctioned events. Free membership ...
- 22 Days Ago
Business Development Manager : 337581
- CorTech
-
Beloit, WI
FULL_TIME
- CorTech Staffing is hiring a Business Development Manager to develop sales in the IL / WI regions. The desired candidate would be willing to travel between Chicago, IL, Rockford, IL, Beloit, WI, and M...
- 2 Days Ago
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0 Business Development Officer (Select Customer) jobs found in Rockford, IL area
Business Development Representative
- Pool Corporation
-
Caledonia, IL
- Company Overview POOLCORP is the leading business-to-business wholesale distributor of swimming pool and landscape suppl...
- 4/26/2024 12:00:00 AM
Sales Expert
- Cortese Energy
-
Rockford, IL
- Cortese Energy is a residential solar installer servicing Illinois, Connecticut, and New York. We are seeking a skilled ...
- 4/25/2024 12:00:00 AM
Sales Management Trainee - Rockford, IL
- VetJobs
-
Rockford, IL
- Job Description ATTENTION MILITARY AFFILIATED JOB SEEKERS - Our organization works with partner companies to source qual...
- 4/25/2024 12:00:00 AM
Telecom Business Development Manager
- DNA Communications
-
Rochelle, IL
- About DNA Communications Digital Network Access Communications, Inc., or DNA Communications, was formed in the middle of...
- 4/24/2024 12:00:00 AM
Sales Representative - Facility Services
- Cintas
-
Rockford, IL
- **Requisition Number:** 169631 **Job Description** Cintas is seeking a Sales Representative - Facility Services to focus...
- 4/24/2024 12:00:00 AM
Sales Representative $80K+
- Rollins, Inc.
-
Rockford, IL
- ** Sales Representative $80K+** **Job Category****:** Sales **Requisition Number****:** OUTSI023221 Showing 1 location *...
- 4/24/2024 12:00:00 AM
Landscape Account Sales Manager (Sr & Jr level positions available)
- Winters Landscape, Inc.
-
Burlington, IL
- Job Description Job Description An established and well recognized Landscape Maintenance and Design/Build Construction F...
- 4/24/2024 12:00:00 AM
Director of Sales, Auto Dealer
- Atd American Tire Distributors
-
Oregon, IL
- Director of Sales, Auto Dealer in Remote, OR at American Tire Distributors Are you looking for an opportunity to turn yo...
- 4/23/2024 12:00:00 AM
About Rockford, Illinois
Rockford is a city in Winnebago County in the U.S. state of Illinois, in far northern Illinois. Located on the banks of the Rock River, Rockford is the county seat of Winnebago County (a small portion of the city is located in Ogle County). The largest city in Illinois outside of the Chicago metropolitan area, Rockford is the third-largest city in the state and the 171st most populous in the United States According to 2010 U.S. Census Data, the City of Rockford had a population of 152,871, with an outlying metropolitan area population of 348,360. The City of Rockford's population is 147,051...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Business Development Officer (Select Customer) jobs
$98,967 to $122,149
Rockford, Illinois area prices
were up 1.3% from a year ago
were up 1.3% from a year ago