Retail VP BDO Spencer
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Job Location:
Edison, NJ - USA
Yearly Salary:
$ 118690 - 189200
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Business Development Officer -Edison NJ
FinTrust Connect has partnered with a community-focused banking institution to identify a driven and relationship-oriented Business Development Officer (BDO). This role focuses on developing high-value commercial deposit and lending relationships through strategic networking and industry engagement.
Why this opportunity
- Culture: Collaborative growth-oriented environment with strong community engagement
- Workplace: Hybrid in Elmwood Park NJ
- Function: Build and grow profitable commercial banking relationships through centers of influence and strategic industry targeting
Requirements:
- Minimum 5 years in a Business Banking or Business Development Officer role at a commercial bank
- Bachelors degree or equivalent experience; formal small business credit training is a plus
- Strong knowledge of commercial banking products including deposits lending and cash management
- Proven experience sourcing business through networking and COIs
- Proficiency with Microsoft Office suite (Word Excel PowerPoint)
Description:
- Cultivate and manage relationships with Centers of Influence (COIs) to source commercial deposit lending and cash management opportunities
- Focus on deposit rich industries and companies with revenues exceeding $5 million
- Coordinate closely with Retail Management Business Bankers and Lending teams
- Gather prepare and present comprehensive loan packages for underwriting
- Cross-sell a full suite of commercial banking products and services
- Track business development activity and provide regular reporting
- Participate in community events and internal sales meetings to drive business development efforts
- Stay current on market conditions products and competitive activity
Key Skills
- Business Development
- Eclipse
- Economics
- Accounting
- Corporate Risk Management
- Brokerage
