Sales Manager - Equipment Finance

Stearns Bank NA.•Albany, MN

6h•$85,000 - $150,000

About The Position

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a Sales Manager - Equipment Finance. This is a Connected Mobile Work Environment. Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Requirements

Occasionally lift and/or move up to 10 pounds.
Literacy in English.
Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools, or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk, or hear.
Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
Bachelor’s degree from a four-year college or university preferred but will consider commensurate experience.
Strong oral communication skills.
Excellent customer relation skills.
Strong digital literacy including Microsoft Suite. SalesForce is a plus.
3-5 years of sales management experience in the equipment finance space; managing and developing teams and valuable programs.

Responsibilities

Delegate tasks effectively to support supervisory responsibilities and team performance.
Confidently communicate with internal and external partners.
Lead team meetings, represent the team in division-wide meetings, and the division in organizational-wide discussions as needed.
Demonstrate excellent time management and prioritization skills, using tools like the grids to organize tasks and balance multiple responsibilities efficiently.
Lead planning, goal-setting initiatives, and departmental administration to drive performance and align with company-wide objectives.
Maintain expertise in equipment financing and leasing by staying informed on industry trends and seeking growth opportunities.
Represent Stearns Bank and its products professionally, while adhering to legal and regulatory compliance requirements.
Train, orient, and develop department personnel to build a high-performing, dedicated team.
Lead and mentor team members to improve sales skills, achieve critical metrics, and meet strategic sales objectives.
Direct and coordinate team activities to accomplish organizational goals, while supporting team members in maintaining strong relationships with referral sources.
Ensure consistent communication and engagement with vendors, manufacturers, and dealers through various channels including phone, email, and occasional site visits.
Promote partnership across the organization and provide backup support as needed.
Cultivate and maintain relationships with vendors and prospects through networking, referrals, and identifying new sales opportunities.
Promote and handle customized payment terms and programs (e.g., buy downs, subsidies, delayed payments) to support vendor and customer relationships.
Prepare and deliver presentations to introduce services and programs, as well as attend and follow up on relevant trade shows and conferences.
Responsible for the setup and administration of new lease/sales contracts, including application entry, legal documentation, and interdepartmental teamwork to ensure timely transaction closings.
Supervise customer transactions, perform portfolio management tasks (e.g., risk assessments, collections), and calculate payment options using tools like T-Value and HP calculators.
Utilize and maintain proficiency in software programs (e.g., SalesForce, T-Value, Aspire) while documenting activities and tracking progress.
Identify customer needs, cross-sell Stearns Bank products (e.g., EFD, SBA, deposits), and train the team to promote these offerings.
Effectively communicate to negotiate credit decisions, terms, and payment structures, encouraging strong vendor and customer relationships.
Collaborate with leadership to establish and achieve sales goals for monthly and annual funding and approvals.
Contribute to loss prevention, security, and related tasks as applicable to the position.
Participate in training and other assigned work to support ongoing development.
Light travel as needed, including occasional overnight stays.

Benefits

Employee Stock Ownership Plan & 401k Plan
Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
12-week Paid Parental Leave and Medical Leave: With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child.
$5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance
PTO from 13 to 23 days depending on tenure. Cashout and Carryover options
10 Days Sick Time
11 Paid Holidays
4 Days Volunteer Time
2 Days Self Allowance Time
Tuition Assistance