Business Development Officer

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Job description

BUSINESS DEVELOPMENT OFFICER WHAT IS THE OPPORTUNITY? Sources and develops new business for the bank in assigned sales territory
Analyzes needs of prospects and provides information about Bank products and services that can enhance prospect's financial position
Follows Bank segmentation policy and collaborates with the appropriate Relationship Managers and Team Leaders at the various business units within the Bank when closing deals and implementing banking services
Interacts with Bank colleagues to discuss prospects/referrals and formulates sales strategies
Documents all calling activity in myCNB and provides reports to management in an accurate and timely manner
Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act
Must remain in good standing under the Safe Act
What you will do Performs prospect development activities in assigned territory
Develops and closes relationships with prospects to increase the overall new business acquisition by office or region
Achieves specific annual production target and revenue goals assigned by management
Tracks and communicates results as requested
Documents and records all sales activities in the designated reporting system (myCNB)
Calls on prospective clients within the framework of a business development program including identification of prospects, suitable method of contact and determination of their needs to match appropriate products/services for cross-sell purposes
Cultivates referral sources through contacts within the Bank and in the community through involvement in civic activities, philanthropic organizations, and community sponsored programs to obtain new business prospects and referrals
Works with management to plan business development opportunities
Maintains limited personal contact with new customers and collaborates with relationship managers with the sales and implementation of banking services
Passes off prospects to Relationship Managers per Bank's segmentation policy, after the deal is closed
Remains alert to customer needs in order to makes appropriate referrals to other departments as they arise
Interacts with Bank colleagues to discuss prospects/referrals and formulates sales strategies
Makes ongoing calls to develop referral sources and obtain new business development opportunities
Leverages business opportunities by including internal sales partners to accomplish cross sale expectations in Cash Management, Wealth Management and International products and services in addition to Commercial, Core and Private Banking core products (i.e., deposits and loans)
It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate banking laws, regulations, internal policies and procedures, and to comply fully with those laws, regulations, policies and procedures Must-Have H.S
Diploma Minimum 5 years commercial banking experience required
Minimum 3 years sales and marketing experience required
Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act
Must remain in good standing under the Safe Act
Skills and Knowledge Strong experience with MS office software and database application
Good understanding of all banking products and services applicable to target client segment
Good knowledge of commercial credit policies and procedures, and bank operations policies and procedures
Good credit analysis and accounting skills
Ability to work well independently and in teams
Ability to work autonomously in making sound business decisions and exercises appropriate level of authority commensurate with experience and responsibility
Strong interpersonal, verbal, and written communication skills
Bachelor's degree or equivalent degree or experience Compensation This position is a commission-based role and does not include a starting base salary
The overall annualized compensation range is 142,228 to 198,072
To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies

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