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This is a business development role responsible for developing and managing deposit relationships within designated market segments (e.g. Fiduciary, Title, Escrow, Law, Nonprofit, etc.) and fostering the Bank’s relationship management culture by actively pursuing new deposit opportunities from prospective and current customers.
Responsibilities
Serve as a dedicated relationship manager resource in the Specialty Deposit group, responsible for new deposit origination. Ideal candidate will have a track record of generating over $20MM in new deposit origination annually. Deposit customer base ranges from $1MM to $50MM in average deposits per customer.
Prospects, markets, structures, and originates new deposit products such as:
• Title and Escrow Services
• Third Party Escrow Services
• RE Investments Entities (DSTs/REITs/TIC)
• Property and Community Management
• Legal Fiduciaries and Service Plans
• Unions and other Public Service Organizations
• Schools and School Districts
• Non-Profit Organizations
• Government Agencies including Cities, Municipalities, and Water Districts
• Insurance Company Custodian Accounts
• Medical Groups including Hospitals, Medical Service Plans, and Medical Billing
• Employment Agencies and Payroll Companies
Qualifications
• Business development/sales in the financial industry: 5 years +
• Specialty Deposit Business Development Origination: 2 years +
• Track record of generating over $20MM in new deposit origination
• Must be able to work out of one of our locations #orangecounty #LosAngeles #SanDiego
A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $93,570.40 to $140,355.60. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A business line incentive may be provided ranging from 0% – 1% per loan and 0%-2% per deposit, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html
CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) (“Section 19”). In accordance with Section 19, the Company will consider an applicant’s criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing.
