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Manager - Business Development (Minneapolis) - job 2 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

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$70000K
$125000K

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

Join American Express as a Manager - Business Development in Minneapolis and lead the charge in expanding our customer base! At American Express, we believe that with the right support, individuals have the potential to achieve greatness. As a part of our renowned team, you will enjoy a vibrant workplace where every idea matters, and your professional journey is nurtured. Your role as a Field Sales Manager means you will directly engage with prospective clients, focusing on those businesses with annual revenues between $10M and $300M. You'll be responsible for guiding these companies to discover the innovative solutions we offer through our business suite. Your days will be filled with exciting challenges—whether you're cold-calling, attending tradeshows, or meeting clients face-to-face, your presence and insights are pivotal in helping clients understand how American Express can provide continual value to their operations. Navigating our sales process requires not just your acute business acumen but also deep product knowledge and compliance adherence. Collaborate with senior executives and integrate their feedback to close deals that feel right for both parties. We care about your personal and professional growth—so expect ongoing support and resources that will enhance your journey. Take this opportunity to lead a successful team towards delivering the world’s best customer experience every day. We can't wait for you to join us and help shape lasting relationships in the business community!

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

As the Manager - Business Development at American Express, your primary responsibilities include prospecting for new clients, managing a pipeline of potential opportunities, developing tailored client solutions, negotiating and closing deals, and ensuring compliance with all relevant standards and practices. You will spend a significant amount of time engaging with clients to understand their needs and demonstrate how our innovative products can provide value.

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What qualifications do I need to be a Manager - Business Development at American Express?

To qualify for the Manager - Business Development position at American Express, candidates typically should have a Bachelor’s degree and a minimum of 5-7 years of sales experience, particularly in a highly regulated industry. Proven success in winning new business relationships and achieving sales goals is essential, alongside strong consultative selling and negotiation skills.

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What is the expected salary for the Manager - Business Development position at American Express?

The expected salary range for the Manager - Business Development role at American Express is between $70,000 and $125,000 annually, plus sales incentives and benefits. Salary may vary depending on location, experience, and other job-related factors as American Express is committed to ensuring fair compensation for its employees.

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How does American Express support its employees in the Manager - Business Development role?

American Express believes in supporting its employees holistically. As a Manager - Business Development, you’ll have access to comprehensive benefits, such as competitive salaries, bonus incentives, a generous retirement savings plan, health insurance, and career development opportunities. The company prioritizes employee well-being with flexible working options and extensive parental leave policies.

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What skills are most valuable for success as a Manager - Business Development at American Express?

Key skills for success as a Manager - Business Development at American Express include strong account and pipeline management capabilities, consultative selling techniques, exceptional negotiation skills, and a thorough understanding of market and industry trends. Being able to build relationships through effective communication and influence is also crucial in this role.

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Common Interview Questions for Manager - Business Development (Minneapolis)
Can you describe a successful sales strategy you've implemented in the past?

When answering this question, focus on a specific sales strategy that led to noticeable results. Discuss the market you targeted, how you engaged prospects, what tactics you used, and the outcome. Emphasize the learning process and how you adjusted based on what the data told you.

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How do you approach client prospecting?

For this question, provide a systematic explanation of your prospecting techniques. Mention the combination of methods you use, such as cold calling, networking events, or leveraging existing contacts. Highlight the importance of research on prospective clients and how you personalize your approach to them.

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What methods do you use to manage your sales pipeline?

Discuss specific tools or methodologies you employ to keep your pipeline organized. You can mention CRM systems you’ve used, or any metrics and analytics you track to measure your progress. Emphasize the importance of follow-ups and maintaining communication with leads.

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Describe a time when you had to negotiate with a tough client.

Provide a detailed example illustrating your negotiation skills. Mention the challenges you faced, the tactics you used to overcome objections, and the eventual outcome. Show that you kept a focus on integrity and finding a win-win solution.

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How do you stay informed about your industry and competitors?

Explain the strategies you employ to keep up with industry news and trends. You can mention subscribing to relevant newsletters, attending conferences, networking with industry professionals, and utilizing social media to stay up-to-date. This shows that you are proactive in maintaining market awareness.

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What do you believe sets American Express apart from its competitors?

Reflect on American Express's values and unique selling propositions. Discuss their commitment to customer service, innovative solutions, or specific products that differentiate them in the market. This question gauges your knowledge of the company and its mission.

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How would you handle compliance in your sales practices?

Discuss your understanding of compliance requirements and the importance of adhering to regulations in the sales process. Provide examples from your past experiences where compliance played a critical role in your decision-making and strategy.

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How do you define success in a sales role?

Share your personal vision of success in a sales position. It can encompass achieving sales targets, building lasting relationships with clients, or contributing to a team goal. Diversity in your response will reflect your holistic view of success.

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What approach do you take when selling a new product to a client?

Explain your method for introducing new products to clients, including how you research their needs, develop tailored proposals, and gauge their reactions. Providing a strategic approach will highlight your sales acumen.

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Can you discuss a time when you received constructive feedback and how you reacted to it?

Choose an experience where you received feedback that made a significant impact on your work. Discuss your initial reaction, how you accepted it, and the steps you took to improve. This will showcase your willingness to grow and adapt.

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

2330 jobs
MATCH
Calculating your matching score...
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 3, 2025

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