Purpose: The Commercial Deposit Specialist is responsible for the establishment and management of deposit relationships for CRE and C&I clients to broaden the overall relationship. They will work closely with Relationship Management and Loan Administration Teams as well as Treasury Management and Branch Personnel in this endeavor.
Essential Functions:
- Works directly with commercial clients to coordinate onboarding, opening, and ongoing maintenance of commercial deposit accounts.
- Will have the ability to open accounts directly or through branch personnel.
- Identifies opportunities to capture additional deposit opportunities by proactive and frequent follow-up communication with clients.
- Works with Treasury Management in the identification and implementation of TM products for deposit relationships, including Managed Enrollment to Digital Banking.
- Use of Salesforce as system of receiving, managing, tracking, and reporting workload.
- Servicing deposit relationships will include deposit opening and closings, coordination, transfers, on-line banking support, and follow-up to address errors or problems.
- Form excellent rapport with client financial teams including CFO’s, controllers, and accounting personnel.
- Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.
Job Related Qualifications:
Required:
- Education: Bachelor’s Degree in Accounting, Finance, Business Administration, or related field
- Prior Experience: 1+ Years of Financial Analysis, or Credit Analysis in Financial industry
- Licenses or Accreditation: Any required licenses or accreditation required
OR
Required:
- Education: Associate Degree in Accounting, Finance, Business Administration, or related field
- Prior Experience: 3+ Years of Financial Analysis, or Credit Analysis in Financial industry
- Licenses or Accreditation: Any required licenses or accreditation required
Competencies:
- Excellent verbal and written communication skills
- Thorough understanding of deposit types, KYC requirements, and branch platform level deposit opening functions.
- Thorough understanding of on-line and digital banking platforms.
- Demonstrated understanding of commercial banking concepts and ability to communicate effectively with commercial client finance teams.
- Familiarity with Treasury Management products and ability to work effectively with Treasury Management team in product implementation.
- Highly motivated to achieve sales of deposit products through direct calling and follow-up efforts independent of Relationship Managers.
Physical Requirements:
- Able to regularly sit for prolonged periods of time.
- Able to travel:
- occasionally
- Extensive computer usage is required.
- Ability to work:
- Evenings
- Occasionally
- Weekends
- Occasionally
Benefits:
- Medical, Dental, and Vision Insurance
- Health Savings Account
- Flexible Spending Account(s)
- Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
- Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
- Tuition Reimbursement
- Employee Referral Program
- Wellness Reimbursement Program
- Star Volunteer Program
- Employee Banking and Financial Perks
- Flexible Hybrid Work Schedule
- Paid Time Off (PTO)
- Company Paid Holidays
This job description is not exhaustive. The Commercial Deposit Specialist may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.