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Become A Business Development Officer

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Working As A Business Development Officer

  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Interacting With Computers
  • Organizing, Planning, and Prioritizing Work
  • Making Decisions and Solving Problems
  • Mostly Sitting

  • Stressful

  • $51,277

    Average Salary

What Does A Business Development Officer Do At Wells Fargo

* Increasing Wells Fargo relevance to prospective customers and positioning Wells Fargo Business Banking and product partners for new business opportunities through consistent marketing efforts and delivery of value added ideas.
* Partnering with market leadership to develop the sales strategy and to lead marketing efforts in a defined territory.
* Assisting with sales processes including prospect prioritization, initial contact and pursuit strategy, identification of fit, proposal development, and overall management of new customer acquisition, including onboarding.
* Partnering with business relationship managers and other partners to ensure a smooth customer transition (acquire and onboard customers to the appropriate business relationship channel for ongoing management of new clients).
* Identifying additional product sales by developing partnerships with regional managers and product partners to deliver the full complement of Wells Fargo products and services.
* Representing Wells Fargo at community events.
* Responsible for all phases of the sales life cycle including lead generation and sourcing, utilization of relevant systems, following applicable policies, leveraging product knowledge, assessing credit worthiness of prospects and facilitating communication between the Business Banking Relationship team and customer
* Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company.
* They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions

What Does A Business Development Officer Do At Emigrant Bank

* Underwrite, analyze and prepare presentations for SBA submission.
* Assists in negotiating loans and structuring presentations.
* Analyze the credit and collateral aspects of business and individual loans both secured and unsecured.
* Monitor loans to ensure proper documentation with respect to items such as periodic calculation of ratios and SBA requirements.
* Assist with documenting loans to ensure complete loan files are maintained.
* Work with lenders and customers on loan accounting/payment issues as needed.
* Prepare packages for obtaining SBA guaranty payment.
* Review of outstanding loans or exploration of lending alternatives for prospective customers

What Does A Business Development Officer Do At U.S. Bank

* Actively identify and attract prospects and customers for new and additional custody business through cold-calling and center of influence channels.
* Establish strong credibility and strategic partnerships with C-level executives.
* Counsel prospective and existing clients on custody offering and evaluate their needs through consultative analysis.
* Identify additional opportunities to optimize value and quality of client's portfolio and business strategies.
* Develop and deliver customized client proposals and presentations.
* Establish and maintain a network of key people in the industry and community

What Does A Business Development Officer Do At First Community Bank

* The Branch Leader is responsible for assisting customers with questions and proactively offers solutions to their banking needs including deposits and other account transactions, opening deposit accounts and processing retail loan applications.
* They may also submit small business loan applications (market specific).
* Other responsibilities include overseeing the daily work of the branch staff including coaching, scheduling, performance evaluations and operational compliance.
* Proactively call customers to generate additional service opportunities.
* The Business Development Officer is responsible for managing a small business loan portfolio including sourcing new loans, managing renewals of existing loans, and making referrals to other lines of business (insurance, commercial services, etc).
* They will meet production goals in new small business loans or enhanced customer relationships.
* Other responsibilities include properly structuring the small business loans, gather necessary loan documentation, and enter loan applications into Baker Hill.
* Refer commercial, retail and/or mortgage loan opportunities to the appropriate team members and assist with gaining the client relationship

What Does A Business Development Officer Do At Santander Bank, Na

* Responsible for growing the banks presence in equipment finance through direct originations and providing support to all Corporate Banking clients but focusing on the upper end of the market between $50MM and $3B.
* Drives business development by acquiring highly profitable customers with an annual goal of $60MM in funded volume while achieving the appropriate returns.
* Directs origination within a defined geography of new equipment and structured financing business.
* Works with our bankers to cross sells full range of banks products and services to their corporate customer base where possible.
* Identifies and structures commercial credit transactions to ensure maximum profitability with reasonable risk
* Territory includes: GA, NC, SC, TN and KY
* At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.
* We encourage everyone to apply._
*

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How To Become A Business Development Officer

A bachelor’s degree is required for most advertising, promotions, and marketing management positions. These managers typically have work experience in advertising, marketing, promotions, or sales.

Education

A bachelor’s degree is required for most advertising, promotions, and marketing management positions. For advertising management positions, some employers prefer a bachelor’s degree in advertising or journalism. A relevant course of study might include classes in marketing, consumer behavior, market research, sales, communication methods and technology, visual arts, art history, and photography.

Most marketing managers need a bachelor’s degree. Courses in business law, management, economics, finance, computer science, mathematics, and statistics are advantageous. For example, courses in computer science are helpful in developing an approach to maximize online traffic, by utilizing online search results, because maximizing such traffic is critical for digital advertisements and promotions. In addition, completing an internship while in school can be useful.

Work Experience in a Related Occupation

Advertising, promotional, and marketing managers typically have work experience in advertising, marketing, promotions, or sales. For example, many managers are former sales representatives; buyers or purchasing agents; or public relations specialists.

Important Qualities

Analytical skills. Advertising, promotions, and marketing managers must be able to analyze industry trends to determine the most promising strategies for their organization. 

Communication skills. Managers must be able to communicate effectively with a broad-based team made up of other managers or staff members during the advertising, promotions, and marketing process. They must also be able to communicate persuasively with the public.

Creativity. Advertising, promotions, and marketing managers must be able to generate new and imaginative ideas.

Decisionmaking skills. Managers often must choose between competing advertising and marketing strategies put forward by staff.

Interpersonal skills. These managers must deal with a range of people in different roles, both inside and outside the organization.

Organizational skills. Advertising, promotions, and marketing managers must manage their time and budget efficiently while directing and motivating staff members.

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Business Development Officer jobs

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Business Development Officer Demographics

Gender

  • Male

    59.1%
  • Female

    38.1%
  • Unknown

    2.9%

Ethnicity

  • White

    74.9%
  • Hispanic or Latino

    10.5%
  • Asian

    9.1%
  • Unknown

    3.4%
  • Black or African American

    2.2%
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Languages Spoken

  • Spanish

    35.8%
  • French

    16.0%
  • Chinese

    7.5%
  • Arabic

    6.6%
  • Mandarin

    4.7%
  • Hindi

    2.8%
  • Russian

    2.8%
  • Urdu

    2.8%
  • Portuguese

    2.8%
  • Korean

    1.9%
  • Thai

    1.9%
  • Filipino

    1.9%
  • Greek

    1.9%
  • Tagalog

    1.9%
  • Italian

    1.9%
  • German

    1.9%
  • Japanese

    1.9%
  • Vietnamese

    0.9%
  • Romanian

    0.9%
  • Gujarati

    0.9%
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Business Development Officer

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Business Development Officer Education

Business Development Officer

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Real Business Development Officer Salaries

Job Title Company Location Start Date Salary
Chief Business Development Officer International Bonded Couriers, Inc. New Hyde Park, NY Dec 01, 2010 $250,000 -
$265,600
Chief Financial Officer and Business Development Officer Primary Management Resources, Inc. Miami, FL Nov 17, 2015 $211,540
Business Development Officer Franklin Templeton Investments Los Angeles, CA Dec 30, 2014 $170,000
Chief Business Development Officer Wellnessfx San Francisco, CA Jul 28, 2016 $160,000
Chief Business Development Officer Eduss Broadcast & Media, Inc. Englewood, CO Oct 01, 2013 $150,426
Chief Business Development Officer Eduss Broadcast & Media, Inc. Englewood, CO Sep 25, 2013 $150,426
Chief Business Development Officer Eduss Broadcast & Media, Inc. Englewood, CO Oct 01, 2012 $150,426
Business Development Officer Franklin Templeton Investments Los Angeles, CA Dec 17, 2016 $146,869 -
$170,000
Chief Business Development Officer Fas Holdings Groups, LLC Dallas, TX Jun 30, 2016 $145,000
Chief Business Development Officer Fas Holdings Groups, LLC Dallas, TX Feb 09, 2016 $145,000
Chief Business Development Officer Fas Holdings Groups, LLC Dallas, TX Apr 25, 2016 $145,000
Business Development Officer Banco Votorantim Securities Inc. New York, NY Jun 25, 2016 $144,000
Business Development Officer Catma LLC Portola Valley, CA Mar 15, 2015 $142,000
Business Development Officer Catma LLC Portola Valley, CA Oct 11, 2013 $140,000
South Asian Banking, Business Development Officer HSBC Bank USA, N.A. Philadelphia, PA Nov 22, 2010 $100,000
Chief Business Development Officer Spark Fun Electronics, Inc. Niwot, CO Sep 12, 2014 $100,000
Chief Business Development Officer OVIA, Inc. Mountain View, CA Nov 01, 2011 $90,000
Business Development Officer Albion International Marketing, LLC. New York, NY Oct 01, 2011 $89,000
Business Development Officer United Staffing Registry DBA United Home Care NY Apr 30, 2009 $87,381
Business Development Officer Summar Financial, LLC. Miami, FL Jun 20, 2011 $87,275
Business Development Officer Worldwide Business Opportinities Paterson, NJ Mar 02, 2014 $60,000
Business Development Officer Kucht LLC Clifton, NJ Jan 08, 2016 $60,000
Business Development Officer Eurasia Foundation Washington, DC Oct 16, 2011 $60,000
Business Development Officer Bel-Kap-Steel LLC Miami, FL Dec 21, 2015 $60,000
Business Development Officer Global Graphics Software, Inc. Alpharetta, GA Jun 15, 2010 $58,290
Business Development Officer Technology for Business, LLC San Antonio, TX Sep 05, 2014 $57,000

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Top Skills for A Business Development Officer

BusinessDevelopmentActivitiesFinancialStatementsLoanPortfolioRealEstateAgentsSmallBusinessCustomerServiceSBAComplianceBusinessPlanNewAccountsPotentialClientsBusinessOwnersClientBaseNewClientRelationshipsSalesGoalsTradeShowsCustomerRelationshipsCustomerBaseCommunityEventsMarketResearch

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Top Business Development Officer Skills

  1. Business Development Activities
  2. Financial Statements
  3. Loan Portfolio
You can check out examples of real life uses of top skills on resumes here:
  • Coordinated business development activities and all collateral material to promote deposit and loan growth.
  • Analyzed financial statements and developed integrated financial models to define capital raising scenarios.
  • Conducted business credit analysis and loan portfolio reviews.
  • Generated business relationships with local real estate agents by providing support through marketing initiatives, office visits and courtesy calls.
  • Designed and presented training programs for small businesses, trade expos, and small business forums.

Top Business Development Officer Employers

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Business Development Officer Videos

Business Development #2: eight key skills

Business Development Manager, Career Video from drkit.org

MBT - Business Development Officer

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