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How to hire a personal banking officer

Personal banking officer hiring summary. Here are some key points about hiring personal banking officers in the United States:

  • In the United States, the median cost per hire a personal banking officer is $1,633.
  • It takes between 36 and 42 days to fill the average role in the US.
  • Human Resources use 15% of their expenses on recruitment on average.
  • On average, it takes around 12 weeks for a new personal banking officer to become settled and show total productivity levels at work.

How to hire a personal banking officer, step by step

To hire a personal banking officer, you need to identify the specific skills and experience you want in a candidate, allocate a budget for the position, and advertise the job opening to attract potential candidates. To hire a personal banking officer, you should follow these steps:

Here's a step-by-step personal banking officer hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write a personal banking officer job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new personal banking officer
  • Step 8: Go through the hiring process checklist
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  1. Identify your hiring needs

    First, determine the employments status of the personal banking officer you need to hire. Certain personal banking officer roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    You should also consider the ideal background you'd like them a personal banking officer to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a personal banking officer that fits the bill.

    Here's a comparison of personal banking officer salaries for various roles:

    Type of Personal Banking OfficerDescriptionHourly rate
    Personal Banking OfficerLoan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.$11-32
    CloserThe duties of a closer depend on one's line of work or industry of employment. Typically, their responsibilities revolve around liaising with clients to ensure that they understand and adhere to all terms of the agreement, completing all requirements and necessary documents, and maintaining records of all transactions... Show more$9-19
    Loan OriginatorA Loan Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.$13-28
  2. Create an ideal candidate profile

    Common skills:
    • Bank Products
    • Loan Applications
    • Cross-Sell
    • Financial Products
    • Financial Services
    • Customer Relationships
    • Credit Reports
    • Outbound Calls
    • ATM
    • Business Development
    • Real Estate
    • Credit Card
    • Notary
    • Equity Loans
    Check all skills
    Responsibilities:
    • Work one-on-one with clients to gather requirements and identify cross-selling opportunities and leverage customer leads and referrals to identify new prospects.
    • Refer customers to bankers regarding any new accounts, investments, loans, reordering new checks and ATM cards.
    • Cultivate relations with company business partners to identify and maximize cross-sell opportunities.
    • Develop customer base through cross-selling products and servicing existing clients, develop new business through interaction with internal and external resources.
    • Advise clients on financial products and services using knowledge of tax and investment strategies, securities, insurance and pension plans.
    • Perform market analysis and research to identify target markets and partners.
  3. Make a budget

    Including a salary range in your personal banking officer job description is a great way to entice the best and brightest candidates. A personal banking officer salary can vary based on several factors:
    • Location. For example, personal banking officers' average salary in mississippi is 50% less than in hawaii.
    • Seniority. Entry-level personal banking officers earn 64% less than senior-level personal banking officers.
    • Certifications. A personal banking officer with a few certifications under their belt will likely demand a higher salary.
    • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a personal banking officer's salary.

    Average personal banking officer salary

    $40,925yearly

    $19.68 hourly rate

    Entry-level personal banking officer salary
    $24,000 yearly salary
    Updated December 14, 2025
  4. Writing a personal banking officer job description

    A good personal banking officer job description should include a few things:

    • Summary of the role
    • List of responsibilities
    • Required skills and experience

    Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a personal banking officer job description:

    Personal banking officer job description example

    Bell Bank was founded in 1966 and headquartered in Fargo, North Dakota and has more than $10 billion in assets. Bell is the 6th largest privately owned bank in the nation. Bell Bank has full-service banking locations in North Dakota, Minnesota and Arizona and are actively expanding in the Phoenix market. Bell has empowered more than $18 million in charitable giving through its unique Pay It Forward initiative, through which every employee chooses each year how to help individuals, families and organizations in need.

    Bell Bank has been recognized as a top workplace by American Banker, Forbes and Fortune .

    If you want to work for an established, growing, forward-looking organization with world-class employees, this is the place for you. Let Bell Bank be your destination workplace.

    Bell’s Values:

    As stewards, dedicated to the growth and reputation of this independently owned organization, we are committed to:

    • Promoting and sustaining our family atmosphere.
    • Providing unequaled personal service to each and every customer.
    • “Paying it forward” by giving back to the communities we serve.

    Our Bottom Line:

    Happy Employees! Happy Customers!

    Job Summary:

    This position is responsible for cultivating new relationships and maintaining existing deposit and loan relationships by identifying customer needs and cross-selling other retail banking products and services. This position meets various customer requests through a high level of personal contact and by referring customers to other bank departments for additional services.

    Primary Duties:

    • Customer Service and Customer Retention:
    1. Counsel customers regarding financial matters, advising them on products and rates, suggesting a strategy to obtain the best results based on individual desires and resources.
    2. Resolve customer problems, obtaining information, researching records and following up on details to resolve the matter to the customer’s satisfaction, whenever possible.
    • Production:
    1. Open business and personal accounts.
    2. Educate and advise on bank products and services through personal contact; loans, checking, savings, certificate of deposits, individual retirement accounts, and other retail banking services.
    3. Increase customer relationships by cross-selling products and services to new and existing customers.
    4. Solicit, originate, underwrite and close consumer loans. Manage loan portfolio with emphasis in the growth of the portfolio.
    5. Responsible for the daily handling of overdrafts, collections and technical exceptions on assigned customer accounts.
    • Sales Programs:
    1. Actively participate in the Ask Program.
    2. Participate in various professional associations and community activities to enhance the Bank’s visibility and to further personal development.
    • Training / Development:
    1. Attend and actively participate in training sessions as scheduled.
    2. Attend all mandatory security training sessions.
    3. Complete online compliance testing quarterly.
    • Volunteer for at least one Bell Bank event per year.
    • Know and practice our Golden Rules and Bell Bank Customer Service Standards.
    • Know, understand, and live the company values and bottom line.
    • Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable State and Federal laws and regulations.
    • All employees are responsible for information security including compliance with policies and standards which protect sensitive information.
    • Perform other duties as assigned.

    Job Skills Required:

    • Need to acquire an NMLS#
    • Complete familiarity with the Bank’s savings, checking, and lending policies and guidelines, as well as specific loan programs, qualifications, and insurance.
    • Responsible for the knowledge and application of banking laws, rules, and regulations, prescribed practices, and ethical standards that are applicable to their position.
    • Accuracy and high attention to detail.
    • Ability to present oneself professionally at all times.
    • Ability to work flexible hours to include evenings and Saturdays (when applicable).

    Bell Bank provides competitive compensation and an excellent benefits package.

    Bell Bank

    Equal Opportunity Employer

  5. Post your job

    There are a few common ways to find personal banking officers for your business:

    • Promoting internally or recruiting from your existing workforce.
    • Ask for referrals from friends, family members, and current employees.
    • Attend job fairs at local colleges to meet candidates with the right educational background.
    • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.
    Post your job online:
    • Post your personal banking officer job on Zippia to find and recruit personal banking officer candidates who meet your exact specifications.
    • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
    • Post a job on free websites.
  6. Interview candidates

    During your first interview to recruit personal banking officers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

    You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.

    The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

  7. Send a job offer and onboard your new personal banking officer

    Once you've found the personal banking officer candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

    It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

    To prepare for the new personal banking officer first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

  8. Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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How much does it cost to hire a personal banking officer?

Hiring a personal banking officer comes with both the one-time cost per hire and ongoing costs. The cost of recruiting personal banking officers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of personal banking officer recruiting as well the ongoing costs of maintaining the new employee.

The median annual salary for personal banking officers is $40,925 in the US. However, the cost of personal banking officer hiring can vary a lot depending on location. Additionally, hiring a personal banking officer for contract work or on a per-project basis typically costs between $11 and $32 an hour.

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