First Merchants Corporation · 2 months ago
Small Business Development Officer
First Merchants Bank is seeking a Small Business Development Officer to drive deposit growth and foster relationships with small businesses generating $0–$3 million in annual revenue. The role focuses on acquiring, developing, and retaining small business clients by providing tailored banking solutions that meet their needs.
Financial Services
Responsibilities
Identify, prospect, and onboard small business clients to achieve deposit and lending growth targets
Develop and execute strategies to increase core deposits and other banking services tailored to small businesses
Deepen share of wallet by retaining and expanding existing relationships
Maintain a pipeline of prospects to ensure consistent business development efforts
Act as the primary point of contact for small business clients, delivering exceptional service and fostering long-term relationships
Conduct regular client reviews to understand their evolving business needs and recommend appropriate deposit, cash management solutions and small business lending
Serve as a trusted advisor, offering insights on liquidity management, treasury solutions, and other banking products
Actively participate in community and networking events to build a strong referral network
Develop relationships with local business organizations, chambers of commerce, and industry groups to generate leads and enhance the bank’s visibility
Represent the bank professionally in the community to promote its brand and services
Develop centers of influence as a referral source
Partner with internal teams such as commercial banking, treasury management, and private wealth to provide holistic solutions for clients
Identify opportunities to cross-sell products such as business loans, merchant services, and personal banking for business owners and employees
Ensure all client onboarding and account management activities comply with regulatory requirements and internal policies
Maintain accurate records and documentation for client interactions and business development activities
Qualification
Required
Bachelor's degree in Business, Finance, or a related field OR an associate degree/ two years of college + two (2) years of related work/military experience OR four (4) years of related work/military experience (plus any additional required experience)
A minimum of three (3) years of experience in business banking, sales, or financial services with a focus on small business clients
Preferred
Proven track record in business development, especially in deposit acquisition
Strong understanding of small business banking products, including deposit accounts, cash management, and treasury solutions
Excellent communication, negotiation, and relationship-building skills
Ability to analyze financial statements and assess business needs effectively
Proficiency in CRM systems and other business development tools
Benefits
Base Pay PLUS Bonuses
Medical, Dental and Vision Insurance
401k
Health Savings and Flexible Spending Accounts
Vacation/Sick Time
Paid Holidays
Paid Parental Leave
Tuition Reimbursement
Additional Benefits
Company
First Merchants Corporation
First Merchants Corporation is the largest financial services holding company in Central Indiana, headquartered in Muncie, Indiana.
Funding
Current Stage
Late StageRecent News
Inside INdiana Business
2024-04-16
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