Commercial Loan Business Development Officer jobs in Peoria, IL

Commercial Loan Business Development Officer sells commercial loan services to prospective clients. Develops the initial relationship with prospects and coordinates with loan relationship manager to close selling process. Being a Commercial Loan Business Development Officer develops sales strategies for expanding referral sources. Typically requires a bachelor's degree. Additionally, Commercial Loan Business Development Officer typically reports to a manager or head of a unit/department. The Commercial Loan Business Development Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Commercial Loan Business Development Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)

Recently Added Commercial Loan Business Development Officer jobs

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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.
     
    Qualifications
    Education/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

  • 18 Days Ago
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B
Business Development Manager (Independent Contractor)
  • Buddy Web Design and Development
  • Peoria, 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 ...
  • 27 Days Ago
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Commercial Loan Servicing Specialist
  • MidAmerica National Bank
  • Macomb, IL FULL_TIME
  • MidAmerica National Bank, a locally owned financial institution in central Illinois, has an opening for a Full-Time Commercial Loan Servicing Specialist in McDonough County. Established in 1933, MidAm...
  • 11 Days Ago
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I
Mortgage Loan Officer/Originator
  • Illinois National Bank
  • Bloomington, IL FULL_TIME
  • Job Description: Summary: Examines, evaluates, and authorizes or recommends approval of customer applications for 1st Mortgage Real Estate loans, HELOC’s, and closed end second mortgages by performing...
  • 21 Days Ago
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Executive Loan Officer (Remote)
  • Rocket Mortgage
  • Tennessee, IL FULL_TIME
  • Rocket Mortgage, part of Rocket Companies, means more opportunities for you to expand your existing business and diversify your client base. With a variety of mortgage options to offer and revolutiona...
  • 1 Month Ago
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Mortgage Loan Officer II
  • First Mid
  • Peoria, IL FULL_TIME
  • Responsible for producing a high volume of good quality consumer, real estate and smaller commercial loans. Also responsible for ordering credit reports, analyzing data, approving or denying credit re...
  • 1 Month Ago
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0 Commercial Loan Business Development Officer jobs found in Peoria, IL area

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 Commercial Loan Business Development Officer jobs
$76,371 to $110,208
Peoria, Illinois area prices
were up 1.3% from a year ago
View detail

What does a Commercial Loan Business Development Officer do?

Commercial Loan Business Development Officer in Saginaw, MI
Based on our compensation data, the estimated salary potential for Commercial Loan Business Development Officer will increase 16 % over 5 years.
February 09, 2020
Commercial Loan Business Development Officer in Lexington, KY
Even though these professionals specifically work with commercial loans and in development (as opposed to closing) they may actually perform a number of the same tasks as traditional loan officers.
January 07, 2020
Commercial Loan Business Development Officer in Wichita, KS
This is where a commercial business development officer comes in.
January 22, 2020