Provident Financial Services, Inc

Treasury Management, Commercial Business Development Officer

Provident Financial Services, Inc$132K — $151K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Business, or related field, or equivalent experience
  • At least 7 years in a commercial banking relationship management or sales role
  • Proven success in client acquisition and business development
  • Exceptional interpersonal, verbal, and written communication skills
  • Strong negotiation and presentation skills
  • In-depth understanding of commercial banking products, credit, and treasury management
  • Proficient in credit and risk analysis within a commercial banking environment

Responsibilities

  • Lead acquisition of new commercial banking clients with revenues over $75MM
  • Drive business development and sales to generate new deposits and lending opportunities
  • Utilize market intelligence to identify and pursue new business opportunities
  • Create and implement a strategic prospecting plan to maintain a robust pipeline
  • Collaborate with Marketing on go-to-market strategies and targeted outreach
  • Foster leads and revenue growth through partnerships across the commercial bank
  • Engage with various departments, including Wealth Management and Commercial Lending, to maximize client value

Benefits

  • Paid time-off (PTO) and holiday PTO
  • Health and Wellness benefits, including Medical, Dental, and Vision Plans
  • 401(k) Retirement Plan and company-sponsored tuition disbursement
  • Disability Insurance and Employee Assistance Program
  • Voluntary benefits such as Supplemental Life Insurance and Critical Illness Insurance
  • Incentives based on personal and company performance
Full Job Description
POSITION OVERVIEW:

The Treasury Management Commercial Business Development Officer is a Relationship Manager role responsible for driving growth in core deposits and treasury management services through a combination of referrals, self-sourced opportunities, and partnership with the Commercial Lending team.

This role focuses on identifying, developing, and securing new commercial banking relationships while maintaining a strong network of referral sources. Success in this position will be measured by the ability to generate leads, convert new client opportunities, and contribute to overall commercial banking revenue and growth objectives.

KEY RESPONSIBILITIES:
  • As a Business Development Officer (BDO), lead growth by identifying, prospecting, and acquiring new commercial banking clients with annual revenues exceeding $75MM
  • Drive business development and outbound sales efforts to generate new deposits, lending opportunities, and treasury management relationships
  • Leverage market intelligence to identify untapped opportunities and refine outreach strategies
  • Develop and execute a strategic prospecting plan to build and sustain a strong pipeline of new business opportunities
  • Partner with Marketing to implement go-to-market strategies and develop targeted client outreach initiatives
  • Cultivate leads, drive new revenue, and collaborate across the commercial bank, including Beacon Wealth Management, Commercial Lending, Branch teams, and Provident Protection Plus


QUALIFICATIONS:
  • Bachelor's degree in Finance, Business, or a related discipline, or equivalent combination of education and experience
  • Minimum of 7 years of proven experience in a commercial banking environment in relationship management or comparable sales role, with a strong focus on new client acquisition and business development
  • Demonstrated success in business development and client acquisition
  • Strong interpersonal, verbal, and written communication skills
  • Strong negotiation skills
  • Strong understanding of commercial banking products and services, including credit and treasury management
  • Strong credit and risk analysis skills within a commercial lending environment
  • Proven ability to build and manage client relationships, with demonstrated business development and negotiation capabilities
  • Strong presentation skills, with the ability to deliver comprehensive and customized client solutions
  • Ability to monitor and analyze market and industry trends to anticipate client needs and proactively deliver solutions


WORKING CONDITIONS:

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

Willingness to travel as required for prospect meetings, networking, and industry events
  • Prolonged sitting
  • Lifting from 5 to 10 lbs. (printer paper, storage boxes)
  • Occasional bending or overhead lifting (storing files or boxes)
  • The hazards are mainly those present in a normal office setting

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Pay Details:

$132,200 - $151,600 annually

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.

This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank's Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

About Provident Financial Services, Inc

Provident Financial Services, Inc. is a bank holding company that provides a range of financial services to individuals and businesses in New Jersey and Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey. Provident Financial Services operates through its subsidiary, Provident Bank, which has over 80 branches and offers a variety of banking products and services, including checking and savings accounts, loans, mortgages, and wealth management services. The company is committed to giving back to the communities it serves and has established a foundation to support local organizations and initiatives. Provident Financial Services is publicly traded on the New York Stock Exchange.
Learn more about Provident Financial Services, Inc
Size
1,123 employees
Market Cap
$100.1 million
Industry
Net Income
$5.3 million
5 Year Trend
-3.9%

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