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Senior Business Advisor, Retirement Specialist

Alerus

in Minneapolis MN / East Lansing MI

Logo for Alerus

Position Summary:
This position is responsible for managing existing commercial relationships and developing new opportunities with a primary focus on retirement relationships. Senior Business Advisors deliver comprehensive financial advice to Alerus business clients by serving as their trusted primary point of contact. All Senior Business Advisors assist clients in their selection of Alerus products by recommending appropriate Alerus solutions to ensure the client successfully achieves their financial wellness goals. Senior Business Advisors are expected to focus their time on developing new business with existing clients 50% and new clients 50%, approximately.

Essential Responsibilities:
Job Function 1: New Business & Client Development - 50%

  • Proactively solicit new business opportunities with existing retirement clients through the relationship review process including opportunities identified by CRM software.
  • Deliver solutions utilizing the steps in the Sandler process.
  • Place calls to prospective clients to discuss their financial needs and objectives by making outside sales calls, channel contacts, and through other forms of network building.
  • Actively represent Alerus in the marketplace by establishing a network of influencers, active involvement in community organizations (i.e. Chamber, Rotary, etc.) and participation in networking organizations.
  • Utilize CRM software to track new opportunities and schedule prospecting follow-up communication.

Job Function 2: Client Consultation & Service - 40%

  • Effectively manage, analyze, and grow a portfolio of business clients to provide knowledgeable advanced solutions by delivering a high level of financial product expertise and support.
  • Assist portfolio of business clients in identifying and selecting treasury management, lending 401(k) plans, ESOP, health and welfare, payroll, wealth management, insurance and other products and financial services by serving as the primary point of contact.
  • Learn client’s financial objectives and provide comprehensive financial guidance and planning utilizing the complete set of Alerus solutions.
  • Perform regular proactive relationship reviews based on complexity and product or service level on assigned portfolio.
  • Evaluate a client’s business financial needs to determine and engage the appropriate service team to meet those needs including financial advisors, financial associates and product experts.
  • Update CRM software to capture client activity, schedule required follow-up actions, and effectively onboard clients.
  • Serve business clients’ financial needs holistically across all Alerus solutions.
  • Work with a team of associates to ensure an excellent client experience.
  • Proactively employ/share technical knowledge of and experience with ERISA and retirement plan industry with clients and colleagues.
  • Be an experienced source of information and guidance to peers, member of the client service team and other ARB staff.
  • Apply advanced investment knowledge including understanding of markets, basic economic data, asset classes, models, CIFS and target date funds.
  • Be able to prepare and deliver non fiduciary and fiduciary level review; model and share investment knowledge with team members.
  • Employ and share knowledge regarding fiduciary responsibilities and best practices to peers, plan sponsors and investment committees.
  • Proactively demonstrate ability to engage and interact with varying audience types including plan participants, plan sponsors, investment committees, and peer groups.
  • Display ability to present fluidly in any presentation context, especially RFP/Resale scenarios.
  • Produce and review annual service plan data with client.
  • Conduct retention fee analysis and recommend fee changes.
  • Maintain ongoing communication with client influencers/decision makers to understand their goals/objectives and identify service concerns. Proactively and consistently present Alerus value proposition.

Job Function 3: Professional & Personal Development - 10%

  • Maintain an expert level of knowledge encompassing the retirement services industry, stay current on trends that impact Alerus’ relevancy in its competitive space.
  • Maintain an understanding of complex financial planning concepts including credit, depository products, investments, balance sheet management, protection planning, business planning, and liquidity planning.
  • Maintain an understanding and knowledge of estate planning, charitable giving, trusts, and tax management.
  • Assume responsibility for career growth and development. Actively pursue continuing education, reading, and self-development to enhance skills.
  • Build solid working relationships with team members, acting as an expert resource for others, acting as a coach/mentor in the professional development of personal financial guides, business advisors, and associates.

Position Requirements:
Qualifications:

  • Bachelor’s degree in Business, Finance or related field or equivalent work experience required.
  • Minimum 7 years of financial services experience.
  • Minimum 5 years related experience in retirement plan recordkeeping/administration with knowledge of IRS and Department of Labor regulations.
  • Professional designation related to the qualified plan industry required, i.e. QKA, CPC, RSA, etc.
  • Possess professional financial services accreditation(s) or equivalent advanced professional training i.e. CFP, CFA, CPA, CWS, MBA, ABA Commercial Lending School.
  • Demonstrated expertise in assessing a client’s financial needs and making proactive recommendations.
  • Demonstrated ability to deliver solutions in a team based approach.
  • Previous experience utilizing CRM software to track and manage sales opportunities.
  • Demonstrated record of proven sales ability and client service abilities.
  • Demonstrated ability to present to business leaders and executives.
  • Proven written and verbal communication skills.
  • Established interpersonal and negotiating skills.
  • Advanced math proficiency.

Personal Characteristics:

  • Self-motivated with demonstrated initiative, creativity and enthusiasm to develop sales strategy, prospects and client relationships.
  • Effective communication skills and willingness to work with a team.
  • Strong organizational and time management skills.
  • Ability to manage multiple phases of the sales process.
  • Passionate about serving clients to positively impact their financial wellness.
  • Proven problem-solver.
  • Ability to manage the stressful nature of the work and maintain professional composure, attitude, and behavior at all events.

Physical Demands - Must be met with or without a reasonable accommodation:

  • Extended periods of time at a desk and using office equipment.
  • Ability to operate a personal computer/laptop for approximately 8 hours per day.
  • Extended time is spent reviewing physical and electronic documents.
  • The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.
  • Periodically, may also do light lifting of supplies and materials which weighs in at approximately 20 lbs.
  • Will spend most of time in an indoor environment.
  • Ability to travel as needed to other markets and locations.

Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

How to Apply

This job is available in two locations.

For the Minneapolis, MN position:  apply here

For the East Lansing, MI position:  apply here


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