Business Banker Salary
The average pay for a Business Banker is $65,893 per year. The highest paying skills associated with this job are Account Sales, Business Development, Financial Analysis, and Customer Relationship Management (CRM).
Job Description for Business Banker
Business bankers work in a financial institution and manage a business loan portfolio that may include small and/or large organizations. They perform careful analysis of prospective clients' needs and best options, working with the client to determine optimal banking solutions. In addition, business bankers are in charge of communicating with current clients to ensure all needs are being met and questions are answered. Individuals in this position may also need to negotiate and set terms for loans. All of these duties must be outlined in regular reports to managers and executives.Read More...
Business bankers generally work in small teams, so communication and collaboration skills are necessary in this position. Work hours are usually limited to typical business hours, but additional shifts and overtime may occasionally be necessary. These individuals typically work indoors with minimal physical requirements.
Business banker positions typically exist in banks and similar financial institutions. Specific requirements may vary, as smaller banks often have lower experience and/or education requirements than larger institutions. Generally, at least a bachelor’s degree in a finance-related field is needed. Experience requirements range from entry-level positions requiring minimal experience to higher-level positions requiring previous experience in a similar role. Knowledge of basic financial practices is necessary.
Business Banker Tasks
- Analyze banking and loan transactions for new and existing clients with the aim of developing and delivering the best service and largest financial return on investments.
- Actively monitor and manage banking relationships to ensure that client goals and objectives are being met.
- Assess client needs and propose useful solutions that will deliver positive financial results.
- Identify, engage, and welcome new clients/members into the bank family and ensure they understand all that the bank has to offer.
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based on 30 votes.