A banker is a personal consultant and customer service representative for patrons at financial institutions. Bankers have many responsibilities including, loan processing, financial planning, and the handling of daily banking operations. Other typical responsibilities include: establishing and setting up new accounts, providing investment assistance, estate and retirement planning, assisting customers with loan details (such as interest rates, mortgage terms, and loan repayment options), processing loan data and credit information, working with underwriters for insurance and financial products, scheduling loan and mortgage closings, and analyzing and evaluating credit worthiness.
Bankers work with new and existing customers to sell a broad range of banking products and services and must be completely familiar with all options offered at their particular institution. A banker is also responsible for working closely with businesses, maintaining accurate and up to date records on all accounts, meeting sales objectives, and ensuring the bank is complying with all banking and government regulations.
Unlike a typical customer service representative, bankers are required to have more specialized banking knowledge, but require less training than highly specialized financial positions.
This position generally requires at least two years of bank related training and experience. Further advancement and promotion within the bank is possible with an Associate’s, Bachelor’s, or Master’s degree in general business administration, economics, finance, or accounting.
The typical average salary of a highly experienced personal banker is about $145,367 per year. Starting salaries pay an average of about $43,000 per year