Business Development Officer (BDO)-Deposits

Job title: Business Development Officer (BDO)-Deposits

Company: GPAC


Job description: About Us: Our bank is a leading financial institution committed to providing exceptional banking services and innovative financial solutions to our customers. We are seeking a highly skilled and motivated Business Development Officer (BDO) with a strong focus on deposits to join our dynamic team.Job Summary: The Business Development Officer (BDO) will be responsible for managing, maintaining, and growing existing loan and deposit portfolios, as well as identifying, developing, and managing new business opportunities to increase the bank’s deposit base. The ideal candidate will have a proven track record in business development within the banking industry, with a strong emphasis on deposit growth. This role requires excellent interpersonal skills, a deep understanding of banking products, and the ability to build and maintain strong relationships with clients.Key Responsibilities for Business Development Officer:

• Develop and execute strategies to attract new deposit clients and grow the bank’s deposit base.
• Manage, maintain, and grow existing loan and deposit portfolios.
• Identify and pursue new business opportunities within a specific target market through networking, referrals, and market research.
• Increase and optimize customer relationships by cross-selling other bank services.
• Build and maintain strong relationships with existing and potential clients, understanding their financial needs and providing tailored solutions.
• Collaborate with internal teams to ensure seamless service delivery and client satisfaction.
• Conduct presentations and meetings with clients to promote deposit products and services.
• Stay informed about market trends, competitor activities, and regulatory changes to identify opportunities and mitigate risks.
• Achieve and exceed deposit growth targets and contribute to the overall success of the bank.

Qualifications for Business Development Officer:

• Bachelor’s degree in Finance, Business Administration, or a related field.
• Minimum of 5 years of experience in business development within the banking industry, with a strong focus on deposits.
• Proven track record of achieving and exceeding business development targets.
• Excellent communication, negotiation, and interpersonal skills.
• In-depth knowledge of banking products and services, especially deposit-related products.
• Strong analytical and problem-solving abilities.
• Flexibility and adaptability to changing business needs.
• Effective time management and project management skills.

Benefits for Business Development Officer:

• Competitive salary and performance-based incentives.
• Comprehensive health, dental, and vision insurance.
• 401(k) plan with company match.
• Paid time off and holidays.
• Professional development and training opportunities.

How to Apply: Interested Business Development Officers are invited to submit their resume to karen.smith@gogpac.com or apply here.Join our team and play a key role in driving the growth of our bank’s deposit base. Apply today!All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.

Expected salary:

Location: Minnesota

Job date: Wed, 11 Jun 2025 07:30:38 GMT

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