Bangor Payroll Small Business Development Officer

Bangor Savings Bank; South Portland (ME); On-site; USD 42,000 - 60,000; Full time

Benefits offered by this job

Tuition reimbursement

Training programs

Health and wellness

Competitive compensation

Job summary

Bangor Savings Bank seeks a Payroll Development Officer to develop a profitable client portfolio through payroll sales initiatives, under a commission structure. The role emphasizes client acquisition and retention, with a strong understanding of payroll processing regulations and industry trends.

In-state travel is required (80%), and the position offers a pay range of $41,600 to $60,000 plus commission, with growth opportunities within the payroll services team and cross-sales across banking

Qualifications

• High school diploma or equivalent required.
• Certified Payroll Professional designation preferred.
• College, business or banking professional training helpful.

Responsibilities

• Self-generates payroll sales through targeted prospecting efforts while qualifying and driving leads to other areas of the bank.
• Initiates and participates in joint calls with other lines of business, including merchant services, treasury and payment services, commercial banking and branch personnel.
• Negotiates pricing and servicing agreements with clients, ensuring bank standards for profitability.
• Engages in active Center of influence outreach to ensure ongoing client referrals.
• Develops and maintains a portfolio of existing account relationships, continuously seeking additional cross-sales opportunities to deepen relationships.
• Remains knowledgeable on changes and developments in the infrastructure and e-commerce industries, monitoring market trends, competitive practices and regulatory changes.
• Assists in ensuring compliance with local, state and federal regulations.
• Informally and formally provides payroll training and support for Bank employees.
• In-state travel: 80% with personal car.

Education

High school diploma or equivalent

Certified Payroll Professional designation preferred

Job description

Pay Range: $41,600 to $60,000 Plus Commission - Working under the direction and guidelines of the Payroll Sales Manager, the Payroll Development Officer is responsible for the development and maintenance of a profitable client portfolio, including client acquisition and retention. Working under a commission sales structure, the Payroll Development Officer is responsible for the achievement of a variety of strategic sales and financial objectives of Bangor Savings Bank. The Payroll Development Officer possesses a comprehensive understanding of the payroll processing regulatory environment, industry trends and practices and has a thorough working knowledge of Bangor Savings Bank’s policies and procedures.

Small Business Development Officers are defined as a salesperson that has completed training (or has relevant experience), has been assigned a territory, has a standard full year quota of at least:

• $125,000 recurring sales revenue, and;
• Set up Fee goal will be assigned based on recurring sales revenue goal.

ACCOUNTABILITIES

• Self-generates payroll sales through targeted prospecting efforts while qualifying and driving leads to other areas of the bank.
• Initiates and participates in joint calls with other lines of business, including merchant services, treasury and payment services, commercial banking and branch personnel.
• Negotiates pricing and servicing agreements with clients, ensuring bank standards for profitability.
• Engages in active Center of influence outreach (CPA’s, Insurance Agents, HR Professionals) to ensure ongoing client referrals.
• Develops and maintains a portfolio of existing account relationships, continuously seeking additional cross-sales opportunities to deepen relationships.
• Remains knowledgeable and up-to-date on changes and developments in the infrastructure and e-commerce industries, monitoring market trends, competitive practices and regulatory changes.

COMPLIANCE & CONTROL

Assists in ensuring that the Bank is in compliance with local, state and federal regulations.

GENERAL

Informally and formally provides payroll training and support for Bank employees. Interacts harmoniously and effectively with others departments and operations, focusing upon the attainment of bank goals and objectives through a commitment to teamwork. Conforms to acceptable punctuality/attendance standards as expressed in the Employee Handbook. Performs additional duties as requested.

In-state travel: 80% with personal car.

COMPETENCIES

Adapts to change, is open to new ideas, takes on new challenges, handles pressure and adjusts plans to meet changing needs. Takes independent action, operates as a pro-active self starter, acts on opportunities and practices self development. Deals with others in a straightforward, honest manner, is accountable for actions, maintains confidentiality, supports company values and conveys news good or bad. Has good listening skills. Vision/Values – Supports company mission/values through daily actions and decisions, communicates the Bank’s vision, mission and values to others and incorporates vision when planning.

KNOWLEDGE/SKILLS/EXPERIENCE

High school diploma or equivalent required, college, business or banking professional training helpful. Certified Payroll Professional designation preferred.

PHYSICAL DEMANDS/CONDITIONS

Requirements: General office environment. Moderate lifting (to 35 lbs.) required. Moderate reaching, walking, sitting and standing required. In-state travel required.

EQUIPMENT USED

General office equipment. External and internal applications, as well as position incumbents who become disabled, must be able to perform the essential functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on an individual basis.

CULTURE & BENEFITS

At Bangor Savings, we understand the importance of continuing to nurture an internal culture of excellence for each of our employees. We offer internal and external training to assist our employees in realizing their career aspirations including internships, lateral training, management training, and tuition reimbursement. We also offer a unique set of benefits designed to support our employees in living their best life and achieving their goals. Our holistic health and wellness programs allows each employee to customize their approach to well-being. And our pay, rewards, recognition, and incentive programs ensure that they are well-compensated for a job well-done.

EMPLOYMENT EQUALITY STATEMENT

Bangor Savings Bank provides equal employment opportunities to all applicants and employees without regard to race, color, religion, gender, sexual orientation, age, national origin or any other class protected under state or federal law and affirmatively seeks to advance the principals of equal employment opportunity. In addition, the Bank is committed to providing equal employment opportunities to qualified persons with disability, veterans, and/or disabled veterans. No question on this application is intended to secure information to be used for such discrimination, this application will be given every consideration, but its receipt does not imply that the applicant will be employed.

This application will remain active for a period of 90 days. If, after such time, you still wish to be considered for employment, you must reapply.

WORKERS COMPENSATION & LEGAL NOTICE

Bangor Savings Bank does provide workers compensation coverage for employees injured on the job. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.