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Job Description:
Business Overview:
Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.
The Elite Growth Practice (EGP) Business Development role is a position on the Financial Advisor Team which operates in a capacity to further develop and service the client base. They are responsible for implementing and executing the Elite Growth Practice Model (EGP) in their specific functional role. Specific accountabilities for the role may vary depending on the teams practice. Performance is measured through specific goals, metrics and behavior’s related to the execution of the EGP model. This position is subject to SAFE Act registration requirements
The Elite Growth Practice (EGP) Business Development position may be filled at a Trainee, Specialist or Senior level depending on experience of the candidate and needs of the Financial Advisor Team. The Trainee is a non-exempt position for a hire lacking required security licenses and/or designation. This position allows the individual to become fully licensed and achieve the appropriate designations required for the position. If Series 7 and 66 (or 63 & 65) licenses and approved designation are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.
The Business Development Specialist is responsible for generating new business from both new and existing clients. Builds and maintains a qualified network of prospects by consistently engaging with internal and external centers of influence and referral sources. Proactively generates leads and referrals through centers of influence, intimate events, referral alliances, targeted seminars, strategic networking, sourcing and introductions from current clients and relationships, and through use of company-approved, scrubbed lead lists. Manages client acquisition pipeline to track prospects and leads from inception to on-boarding. Drives cross line of business initiatives to maximize impact with clients and new business opportunities. Serves as an extension of the advisor team(s) for all things related to prospecting across the market to include sourcing and providing proactive leads through daily client acquisition strategies, assisting with execution of advisors business development plans, navigation and accurate communication of prospect channels, understanding of guidance on privacy policies and regulations, and having extensive knowledge of tools used to identify and validate new prospects.
Role Responsibilities
Qualifications
Please be advised that under current company policy, Merrill Lynch does not sponsor a visa petition or other work authorization, nor will the company provide relocation assistance, for this position.
**This position is posted as a more senior position but is flexible to be filled as a lower level position if the posted qualifications are met by a strong lower level applicant.
Shift:
1st shift (United States of America)Hours Per Week:
37.5Full Time
Banking
09/29/2022
12/06/2022
bankofamerica.com
FARMINGTON, NM
>50,000
1968
LINDA BOYCE
>$50B
Banking
Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.
The following is the career advancement route for Business Development Specialist positions, which can be used as a reference in future career path planning. As a Business Development Specialist, it can be promoted into senior positions as a Business Development Associate IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Business Development Specialist. You can explore the career advancement for a Business Development Specialist below and select your interested title to get hiring information.
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A Business Development Specialist develops new business programs to meet changing customer demands.
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Business Development Specialist work closely with the marketing and sales team to develop sales pitches and techniques to grow revenues and profits for the brand.
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Business Development Specialist are responsible for developing and maintaining relationships with other companies.
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Business Development Specialist also help to manage risk by performing risk analysis and consumer behavioral analysis.
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Business development specialists must develop an annual budget based on new clients, portfolio growth rate, client retention rate and repeat business obtained.
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Career tips from people on Business Development Specialist jobs
Companies usually look for at least two to three years of successful sales experience when hiring business development specialist.
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To become a business development specialist, needs a combination of a formal business education and lead generation experience.
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Experience as a Business Development Specialist or similar.
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Proven work experience as a Business Development Specialist or similar role.
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Sales or Business Development experience or completion of 4-year college degree.
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