Business Deposit Manager

Responsibilities

• Create and execute business development plan to grow business deposits.
• Perform due diligence and determine eligibility in order to open new deposit accounts, setup account services and approve ACH Credit Risk limits.
• Proactively call on businesses to solicit deposit accounts.
• Work closely with Business Lending Team and Branch staff to originate new relationships and help develop existing relationships.
• Cook with Marketing Team, Business Lending Team and Retail Team to maximize business deposit growth.
• Make recommendations for negotiated fees and terms required to compete for strong business deposits, as needed.
• Maintain awareness of market for deposit offerings from competitors and recommend changes to our deposit account features, rates, fees and terms in order to stay competitive.
• Manage vendor relationships, including contract review and negotiation for new contracts and renewal of existing contracts.
• Research market for alternative vendors, perform due diligence, calculate return on investment and cost benefit analysis.
• Serve as project lead for implementing new services.
• Function as subject matter expert on business deposit accounts and services and provide support to Business Lending Team, Branch Teams and general membership.
• Maintain monitoring of performance of business deposits and prepare accurate reports.
• Maintain awareness of federal and state regulations and recommend changes to policy and procedures.
• Lead by example in demonstrating the Credit Union’s caring values and supporting the Credit Union’s goals, mission and vision.
• Successfully grow deposit operations.
• Interview and hire new employees as needed.
• Perform other duties as assigned.

Qualifications

• Minimum of 2 years of business deposit sales / origination experience.
• Preferrably at least 1 year of managerial experience.
• Preferrably extensive business deposit sales and management experience from working at Banks and Credit Unions in the Houston TX Market.
• Bachelor’s degree in Business related field is required.
• Preferrably Master’s degree in Business Administration.