Enterprise Overview:
The Business Development Officer (BDO) is liable for cultivating relationships with prospects and producing new shoppers for Business Banking and Bank of America Merrill Lynch. The BDO prospects and networks in bigger metropolitan markets to determine and develop new Business Banking shopper relationships with working corporations for the bank. The BDO maintains and builds a community of prospects by working with inner and exterior facilities of affect, business referral sources, and prospect lists offered by marketing intelligence. As soon as a relationship is established and the preliminary transaction is full, the BDO transfers the shopper to a Business Banking Shopper Supervisor or Relationship Supervisor to deepen and increase the long run banking relationship, permitting the BDO to concentrate on main position to accumulate new relationships. The BDO’s main sales focus consists of working accounts, money management and different funds providers, Business Loans, Strains of Credit score, Business Actual Property Loans, and numerous different Business Banking services provided throughout the bank.
Required Expertise
Wonderful Telephone Expertise
Wonderful sales course of expertise: Name Preparation, Execution, Comply with Up
Good understanding of deposit and treasury merchandise.
Good understanding of business credit score
Robust sense of satisfaction and possession for rising, managing and retaining shoppers
Can deal with quick paced /excessive quantity setting
Gross sales expertise within the monetary business
2 plus years buyer contact expertise
Robust time management and organizational expertise
Robust written and verbal communications expertise
Robust judgment and drawback fixing expertise
Desired Expertise
Consultative Gross sales Expertise (advisory vs. product sales)
Phone based mostly sales expertise – 2+ years
2 to five years of enterprise banking expertise and treasury management expertise strongly most popular.
Bachelor in Business Administration or Finance
Business Credit score or Treasury/Money Administration background
Understanding of how BAC core techniques work (credit score, deposits, treasury)
Intermediate credit score evaluation expertise
Superior MS Workplace talents
Negotiation and sales coaching
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