VP of Cash Management

Location:

DuPage County, Illinois

Compensation:

$100K to $125K plus bonus 

Company Description

Founded over 100 years ago, my client is a leader as a Community Bank in Illinois and Arizona. Current Bank asset size exceeds $280mm and GROWING!

· Seven branches/LPO’s in AZ and IL and growing

· Sub Chapter S with 75 family groups who own the Bank and are committed to truly serve their communities

· Well-capitalized Bank with no Regulatory issues

· Strong financial numbers year after year and very low non-performing loans

· One of the fastest growing Trust/Wealth Management departments in AZ

Position Summary

SUMMARY:

The Vice President of Cash Management serves as the bank’s Illinois representative focusing on DuPage County with support for the other Illinois markets where we maintain a physical (bank) presence. The position’s primary role is to originate new profitable deposit relationships with commercial businesses and high-net-worth individuals by providing these market segments with competitive products and services that meet these customers’ ever-changing needs. The position will also receive referrals from lenders and wealth advisors to expand relationships with additional deposit accounts and services. In addition, the Vice President of Cash Management will be expected to develop relationships with centers of influence in their respective communities. The role also requires this person to target community engagement opportunities to grow and enhance brand visibility.

 RESPONSIBILITIES:

· Acquire, retain and expand new and existing deposit relationships. Develop and maintain strong customer relationships through in-person and remote interactions, identifying financial needs and offering tailored cash management solutions.

· Act as the principal relationship manager for new and existing clients while introducing the bank’s partners in implementing our Team approach.

· Leads and directs business activities to support the development of commercial banking as it relates to deposit relationships, with emphasis on the total commercial banking relationship. This includes joint calls with lenders or the Market President as needed.

· Focus on driving deposit generation through the sale of traditional products and commercial cash management services.

· Determine cash management product suitability to best meet the business client’s cash flow and analysis needs while balancing the bank’s revenue opportunities.

· Contribute to the broader success of the bank by creating deep, profitable relationships through cross-selling across all lines of business by “teaming” with the appropriate the bank partners.

· Assist in the appropriate staffing of the branch as needed.

· Take an active, visible role in the DuPage community by participating in local business, civic, and charitable organizations, and over time assuming positions of related volunteer leadership, and managing local donations and sponsorship requests.

Education & Experience

EDUCATION / EXPERIENCE:

· Minimum five years prior sales or business development experience required.

· Cash management / treasury management background is required.

· Job experience with extensive customer contact, including building & maintaining customer relationships.

· Bachelor’s degree in Business or a related field required, MBA or MA/MS a plus.

· PC, Internet, and Cash Management systems proficiency.