What are the responsibilities and job description for the Commercial Deposit Officer position at Sidney Federal Credit Union?
Here at SFCU we define our culture as one of GROWTH. Growing our member, growing our employee, and growing our organization. We are seeking applicants with a proven track record of identifying, pursuing, and closing commercial deposit accounts or other business opportunities. In this Commercial Deposit Officer role, you will be responsible for driving the growth and management of commercial deposit accounts by developing strategic relationships with business clients and understanding their unique deposit needs. You will drive the development of deposit product and services offerings and strategies. Your collaboration and efforts will directly contribute to the growth, development, and strength of the commercial deposit portfolio and overall organization.
Salary: Exempt $80,392-$100,506
Reporting location: Hybrid option-reporting requirement includes travel to the Sidney NY headquarters.
This position requires a valid driver's license and ability to operate a motor vehicle. Significant amount of time will be spent on the road.
Very limited supervision and inspection of work. Role is expected to function independently with consultative direction from supervisor.
Essential Functions & Responsibilities
Business Development
Identify and secure new commercial deposit opportunities to support organizational growth strategies and maximize the sales and revenue of products and services
Design and execute business development initiatives that align with credit union objectives
Promote cross-selling of business and consumer financial products and services
Take leadership role in representing the credit union to the local business market to build awareness, brand image, credibility and obtain new business
Relationship Management
Cultivate and sustain strong, trust-based relationships with commercial clients
Assess and address the financial goals and deposit needs of business clients
Supports in opening new business accounts and updates to existing relationship accounts
Support commercial and business relationships with online banking, ACH, and other commercial services as appropriate
Deliver exceptional member service by resolving client inquiries promptly and effectively
Deposit Product Management
Build a central resource for commercial and business deposit services, including procedures for new products and services developed
Oversee the implementation and application of technology in building and managing the commercial deposit services by working closely with IT, Marketing, and other departments
Develop, implement, and oversee deposit product strategies to ensure alignment with business goals
Manage the product lifecycle, recommending enhancements or modifications to remain competitive
Operational Oversight
Ensure accuracy, efficiency, and compliance in the processing of commercial deposit transactions
Evaluate and optimize deposit operations, identifying opportunities for process improvement
Compliance
Adhere to all relevant regulations, standards, and internal policies to ensure operational integrity
Maintain comprehensive and accurate records and documentation
Contributes to efficient credit union operations by performing other job-related duties as assigned
Experience
Knowledge and Skills:
Three years to Five years of similar or related experience.
Education
Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
Other Skills Required To Do This Job Proficiently
Strong communication skills
Strong judgment and analytical Skills
Strong mental aptitude
High level organizational and time management Skills
Schedule flexibility
Strong sales skills
Technology Skills - Proficiency with PC, Windows, Microsoft Outlook, Microsoft Word, Microsoft Excel, etc., based software
Physical Requirements
Driving to market areas to meet with prospects and exiting businesses. While performing the duties of this job, the employee is frequently required to sit or stand for extended periods of time.
Equal Opportunity Employer/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
Job Posted by ApplicantPro
Salary: Exempt $80,392-$100,506
Reporting location: Hybrid option-reporting requirement includes travel to the Sidney NY headquarters.
This position requires a valid driver's license and ability to operate a motor vehicle. Significant amount of time will be spent on the road.
Very limited supervision and inspection of work. Role is expected to function independently with consultative direction from supervisor.
Essential Functions & Responsibilities
Business Development
Identify and secure new commercial deposit opportunities to support organizational growth strategies and maximize the sales and revenue of products and services
Design and execute business development initiatives that align with credit union objectives
Promote cross-selling of business and consumer financial products and services
Take leadership role in representing the credit union to the local business market to build awareness, brand image, credibility and obtain new business
Relationship Management
Cultivate and sustain strong, trust-based relationships with commercial clients
Assess and address the financial goals and deposit needs of business clients
Supports in opening new business accounts and updates to existing relationship accounts
Support commercial and business relationships with online banking, ACH, and other commercial services as appropriate
Deliver exceptional member service by resolving client inquiries promptly and effectively
Deposit Product Management
Build a central resource for commercial and business deposit services, including procedures for new products and services developed
Oversee the implementation and application of technology in building and managing the commercial deposit services by working closely with IT, Marketing, and other departments
Develop, implement, and oversee deposit product strategies to ensure alignment with business goals
Manage the product lifecycle, recommending enhancements or modifications to remain competitive
Operational Oversight
Ensure accuracy, efficiency, and compliance in the processing of commercial deposit transactions
Evaluate and optimize deposit operations, identifying opportunities for process improvement
Compliance
Adhere to all relevant regulations, standards, and internal policies to ensure operational integrity
Maintain comprehensive and accurate records and documentation
Contributes to efficient credit union operations by performing other job-related duties as assigned
Experience
Knowledge and Skills:
Three years to Five years of similar or related experience.
Education
- A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
Other Skills Required To Do This Job Proficiently
Strong communication skills
Strong judgment and analytical Skills
Strong mental aptitude
High level organizational and time management Skills
Schedule flexibility
Strong sales skills
Technology Skills - Proficiency with PC, Windows, Microsoft Outlook, Microsoft Word, Microsoft Excel, etc., based software
Physical Requirements
Driving to market areas to meet with prospects and exiting businesses. While performing the duties of this job, the employee is frequently required to sit or stand for extended periods of time.
Equal Opportunity Employer/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
Job Posted by ApplicantPro
Salary : $80,392 - $100,506
