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Manager - Business Development (Minneapolis) - job 4 of 4

You Lead the Way. We’ve Got Your Back.

With the right backing, people and businesses have the power to progress in incredible ways. When you join Team Amex, you become part of a global and diverse community of colleagues with an unwavering commitment to back our customers, communities and each other. Here, you’ll learn and grow as we help you create a career journey that’s unique and meaningful to you with benefits, programs, and flexibility that support you personally and professionally.

At American Express, you’ll be recognized for your contributions, leadership, and impact—every colleague has the opportunity to share in the company’s success. Together, we’ll win as a team, striving to uphold our company values and powerful backing promise to provide the world’s best customer experience every day. And we’ll do it with the utmost integrity, and in an environment where everyone is seen, heard and feels like they belong.

Join Team Amex and let's lead the way together. 

The Field Sales Manager sits within a geographical territory and grows the customer base through face-to-face interactions with new prospect customers with annual company revenues ranging from $10M to $300M. The ideal candidate works with senior executives to close calls and land new accounts. The Field Sales Manager understands customer needs and leverages product knowledge to deliver innovative business solutions that provide ongoing value to new customers through the American Express business suite of products. This is a field-based role in which in-person engagement through face-to-face interactions is required with prospects and clients. 

Job Responsibilities:

Prospecting (30 – 40% of time)  

  •  Leverage various contact methods such as cold calling or in-person meetings to secure profitable sales through firm provided leads and contact-lists, and self-generated leads (e.g., tradeshows) to complement commercial acquisition of product sales opportunities  
  •  All prospecting must be facilitated with integrity, and in accordance with our values, with a focus on profitably delivering solutions commensurate with the prospective clients needs 
  •  Business travel is required with the expectation of 25-50% of time spent in-market with prospects and clients 

Pipeline management (10 – 20% of time)  

  •  Effectively manage a pipeline of prospective customers provided by American Express and self-prospect within territory (Corporate and Business prospects with revenue between $10M-$300M)  
  •  Turn leads into prospects (contacts who know you and are willing to share info on available opportunity), follow up with contacts in CRM database, and probe for potential opportunities with the prospects 

Client solution (10 – 20% of time) 

  •  Understand customer requirements and jointly develop solution in accordance with customer requests, bring in product specialists to meet with customer, and continue conversations to understand areas for improvement  
  •  Maintain a high level of knowledge about American Express products, processes (Underwriting, Line Increase, Customer Financials, Pricing, Contract), key internal partners (Risk, UWA, PPI) and tools (ONE.force, C360) 

Negotiate and close (10 – 20% of time)  

  •  Successfully negotiate, and consensually move the prospect through the next phase of the acquisition cycle (e.g., underwriting) in accordance with applicable disclosures, terms and conditions  
  •  Reaffirm deal details, secure necessary signatures and upon deal completion successfully transition client to Field Account Development to nurture, assess and further expand relationship and volume 

Compliance (100% of time)  

  •  Ensure all aspects of the American Express Code of Conduct, and our Sales Practices policies, standard, and procedures, are adhered to so that we uphold the highest standards in our interactions with our customers and compliantly meet all regulatory requirements 

 

Knowledge and Skills:

Account management & pipeline management  

  •  Manages a pipeline of opportunities, leveraging client data/analytics to plan and prioritize activities  

Consultative selling 

  •   Effectively identifies client needs to configure solutions that address client requirements and deliver value  

Closing  

  •  Overcomes objections and resistance to proposed solutions with key client decision makers  

Influence & persuasion 

  •   Uses appropriate interpersonal styles and communication methods to gain acceptance for products and/or services  z

Demonstrating value  

  •  Proactively and consistently demonstrates the value of partnering with American Express  

Results focus  

  •  Demonstrates a competitive, positive attitude, quickly adapts to different situations, and recovers from setbacks  

Market, industry, & product knowledge  

  •  Understands at a tactical level market/industry key competitors, challenges, terminology, technology, trends, and regulation 

 

Attributes:

  •  High learning agility  
  •  Intellectually curious  
  •  Collaborative and growth mindset  
  •  Personal accountability  
  •  Compliance focused  

Experience:

  •  Bachelor’s degree preferred  
  •  Excellent sales experience, 5 - 7 years minimum  
  •  Proven experience winning new business relationships  
  •  Experience achieving sales quota and goals through multiple product offerings  
  •  Experience in a highly-regulated industry 

 

Salary Range: $70,000.00 to $125,000.00 annually + sales incentive + benefits

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we’ll consider your location, experience, and other job-related factors.

We back our colleagues and their loved ones with benefits and programs that support their holistic well-being. That means we prioritize their physical, financial, and mental health through each stage of life. Benefits include:

  • Competitive base salaries 
  • Bonus incentives 
  • 6% Company Match on retirement savings plan 
  • Free financial coaching and financial well-being support 
  • Comprehensive medical, dental, vision, life insurance, and disability benefits 
  • Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need 
  • 20+ weeks paid parental leave for all parents, regardless of gender, offered for pregnancy, adoption or surrogacy 
  • Free access to global on-site wellness centers staffed with nurses and doctors (depending on location) 
  • Free and confidential counseling support through our Healthy Minds program 
  • Career development and training opportunities

For a full list of Team Amex benefits, visit our Colleague Benefits Site.

American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other status protected by law. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws, including, but not limited to, the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance. For positions covered by federal and/or state banking regulations, American Express will comply with such regulations as it relates to the consideration of applicants with criminal convictions.

We back our colleagues with the support they need to thrive, professionally and personally. That's why we have Amex Flex, our enterprise working model that provides greater flexibility to colleagues while ensuring we preserve the important aspects of our unique in-person culture. Depending on role and business needs, colleagues will either work onsite, in a hybrid model (combination of in-office and virtual days) or fully virtually.

Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.

US Job Seekers/Employees - Click here to view the “Know Your Rights” poster and the Pay Transparency Policy Statement.

If the links do not work, please copy and paste the following URLs in a new browser window: https://www.dol.gov/agencies/ofccp/posters to access the three posters.

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Average salary estimate

$97500 / YEARLY (est.)
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$70000K
$125000K

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What You Should Know About Manager - Business Development (Minneapolis), American Express

Are you ready to take your career to new heights? Join American Express as a Manager - Business Development in Minneapolis, where you'll be supported while you lead the way. In this exciting role, you'll engage directly with prospective clients, helping them discover solutions with the American Express business suite. Imagine working face-to-face with senior executives at businesses with revenues between $10M and $300M. Your job will be to leverage your knowledge, persuasion skills, and integrity to close deals that benefit both parties. You'll spend a good portion of your time prospecting new clients, managing a pipeline of opportunities, and collaborating with product specialists to create tailored solutions. Your organizational skills will shine as you maintain client relationships with honesty and compliance at the forefront. American Express not only offers a competitive salary and bonuses but also emphasizes your personal and professional development. We believe in fostering a community where every voice matters. Join us, and you'll have access to a wealth of benefits that support your physical, mental, and financial health. So, if you're passionate about business development and ready to thrive in a dynamic team environment, American Express is the place to be. Let's embark on this journey together!

Frequently Asked Questions (FAQs) for Manager - Business Development (Minneapolis) Role at American Express
What are the key responsibilities of a Manager - Business Development at American Express in Minneapolis?

As a Manager - Business Development at American Express in Minneapolis, you will engage in prospecting, managing client pipelines, negotiating deals, and ensuring compliance with the company's standards. A significant portion of your time will be dedicated to developing relationships with new clients, utilizing various methods—including cold calling and in-person meetings—to secure profitable sales.

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What qualifications are necessary for the Manager - Business Development position at American Express?

To qualify for the Manager - Business Development role at American Express in Minneapolis, candidates should ideally possess a bachelor’s degree and have a minimum of 5-7 years of sales experience. Proven success in winning new business relationships and achieving sales quotas in a highly-regulated industry is essential to thrive in this position.

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What type of clients do Managers - Business Development work with at American Express?

In the role of Manager - Business Development, you will primarily work with prospective clients with annual revenues between $10 million and $300 million. Your responsibility will be to understand their needs and provide them with innovative solutions from the American Express product suite.

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What is the expected travel requirement for a Manager - Business Development at American Express?

The Manager - Business Development position at American Express requires business travel, with an expectation of spending 25-50% of your time in market with prospects and clients. This role emphasizes the importance of face-to-face engagement to build strong relationships.

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What are the opportunities for growth within American Express for a Manager - Business Development?

At American Express, there are numerous opportunities for career development, including comprehensive training programs and a supportive environment for personal growth. As a Manager - Business Development, you will have the chance to expand your skills, deepen your industry knowledge, and potentially advance into higher management roles.

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Common Interview Questions for Manager - Business Development (Minneapolis)
How do you approach prospecting new clients in a sales role?

In a sales role like the Manager - Business Development at American Express, I believe in using a combination of research and strategic outreach. Understanding the market and the specific needs of potential clients is crucial. Utilizing various methods such as cold calling, referrals, and face-to-face meetings can significantly enhance client engagement.

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Can you describe your experience with managing a sales pipeline?

Managing a sales pipeline involves not just tracking leads but also being proactive in nurturing those relationships. I utilize CRM tools effectively to follow up on leads, perform regular check-ins, and analyze client data. This proactive approach helps in converting prospects into long-term customers.

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What techniques do you use to close sales successfully?

Closing sales requires a mix of empathy, persuasion, and strategic negotiation. I focus on listening to the client’s concerns, addressing their needs, and presenting tailored solutions. My goal is to create a win-win situation that fosters trust and long-term relationships.

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How do you ensure compliance with company policies in sales?

Ensuring compliance is paramount in any sales role. I familiarize myself with all company policies and regulatory requirements, and I consistently apply them in every customer interaction. This not only protects the company but also builds trust with clients.

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Describe a time when you successfully turned a prospect into a client.

In my previous position, I engaged a hesitant prospect through consistent follow-ups and providing valuable insights into industry trends. By addressing their unique pain points and demonstrating how our solutions could alleviate those issues, I successfully transitioned them into a loyal client.

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What’s your experience with consultative selling?

Consultative selling focuses on understanding the client's needs. In my experience, asking the right questions and truly listening has led to uncovering opportunities for solutions that the client hadn’t considered. This method is highly effective in building long-term business relationships.

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How do you handle objections from potential clients?

I view objections as opportunities for discussion. When faced with objections, I remain calm and empathetic, asking clarifying questions to fully understand their concerns. Then, I can provide tailored solutions that address those specific objections.

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What do you think is the biggest challenge in sales today?

One major challenge in sales today is managing client expectations in a rapidly changing market. To overcome this, I focus on maintaining open communication and being transparent about capabilities and timelines to build trust.

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How do you keep yourself motivated in a competitive sales environment?

Staying motivated in a competitive environment comes down to setting personal goals and celebrating small wins along the way. I also engage in continuous learning through training and mentorship to remain at the top of my game.

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What role do you think a Manager - Business Development plays within a company?

A Manager - Business Development acts as the bridge between the company and its clients. This role is crucial in not only driving revenue but also in building and fostering relationships that can lead to long-term partnerships. It's about understanding client needs and aligning them with the company's offerings.

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American Express is a multinational financial services corporation and global leader in providing personal, small business, and corporate credit cards.

737 jobs
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BADGES
Badge Family FriendlyBadge Office VibesBadge Work&Life BalanceBadge Rapid Growth
CULTURE VALUES
Inclusive & Diverse
Empathetic
Collaboration over Competition
Growth & Learning
Transparent & Candid
BENEFITS & PERKS
Medical Insurance
Dental Insurance
Mental Health Resources
Life insurance
Disability Insurance
Child Care stipend
Employee Resource Groups
Learning & Development
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
April 2, 2025

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