Business bankers are responsible for creating a good relationship between the financial institution and the corporate clients, who, in this case, are small businesses. The duties include opening credit lines, managing current assets, advising the administrator regarding loans and other routine operations like checking the balance, clearing checks, issuing credit cards or certifying bank statements.
This is a great job for candidates who pay attention to details, have good math skills and are able to create a good relationship with the client by professional communication and paying attention to the needs. Other skills include being able to work in a team or lead a team if the advertised position is more senior. The educational requirements include at least a bachelor’s degree in finance, accounting or banking.
When applying to a business banker job, make sure you state your ability to negotiate financial agreements, your knowledge about mortgages and loans for the business sector and your ability to cross sell banking products.
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Tips for Business Banker Resumes
Banking products
To be considered a professional you need to have a good understanding of what you are selling and be well versed on the compatibility between needs and existing products. Even if you come from a different bank, the products are similar and you only need to learn the characteristics. Not all clients are familiar with financial products, so that you need to explain the costs and benefits of each and describe the obligations and possible risks on the long run, to make sure they can sustain it. Be ready to talk about deposits, credits, loans and mortgages.
Good with mathematics
As a business banker you don’t have to remember your high school trigonometry, but you need to quickly compute interests, make a payment schedule simulation or help the client compare costs between similar products. Even if most computations are done in software, this is a job suitable for professionals who are not afraid of math and can perform simple computations using pen and paper. Conditions to access credit lines and loans also imply a few numerical evaluations. Budgets and business planning are more areas that require solid numeracy skills and are part of the duties.
Business acumen
The clients of a business banker are usually small business owners or entrepreneurs, looking for ways to grow their companies or finance spending. Your role is to understand their needs by asking enough questions to assess their financial power and come up with a viable solution that is a win-win situation for the bank and the business. A small business client who thrives is a gain for the bank, since they can continue to have a long lasting, beneficial relationship. A failure or bankruptcy of such a client can be a permanent loss; therefore the banker should evaluate risks and act carefully.
Business Banker Resume Samples
Being a business banker means that you are helping the small and medium enterprise sector, here is an example that can help you get a better idea of what your resume can look like.
When applying to be a business banker make sure of highlighting your strengths to match the announcement you are writing in response to.
Additional Business Banker Resume Tips
- Selling skills – Although the business banker has a consultancy role, they also need to sell banking products, therefore the skills needed to close the deal should not be ignored from the resume, sustained by relevant numbers and examples of previous achievements.
- Mobility- Some business bankers go to the client’s locations either to perform an on-site assessment of the assets or to help the client save time. If you are willing to travel to the client and have a driver’s license put this info in the resume.
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