Business Development Manager at Fedeth Microfinance Bank

Job Description
Market Penetration:

• Develop and implement strategies to penetrate new markets and increase market share.
• Monitor competitors and adjust strategies as needed.
• Develop new business opportunities by generating Deposit Liabilities and Fund Mobilization within the MSME and retail market.

Client Acquisition and Relationship Management:

• Lead efforts to acquire new clients and expand the customer base.

Negotiation and Deal Closing:

• Lead negotiations with clients, partners, and stakeholders to secure favorable deals.
• Ensure contracts are effectively managed and executed.
• Identify, develop, and cultivate relationships with customers within the retail and MSME segment who need loans and advances to support their business.
• Initiate the development, launching, and sales of new product offerings

Sales and Revenue Generation:

• Set sales targets and lead the business team to achieve revenue goals.
• Develop and implement sales strategies to maximize profitability.

Performance Monitoring and Reporting:

• Monitor key performance indicators (KPIs) to measure the success of business development efforts.
• Prepare regular reports for Management on progress and achievements.

Team Leadership and Development:

• Lead and manage the business development team, providing guidance and mentorship.
• Conduct regular training and skill development programs for team members.

Compliance and Risk Management:

• Ensure business development activities comply with industry regulations and internal policies.
• Mitigate risks associated with business expansion and client relationships.

Networking and Industry Engagement:

• Represent the institution at industry events, conferences, and seminars to enhance brand visibility.
• Build a strong network of contacts within the financial industry.

Requirements

• Candidates should possess an MBA qualification with 5 - 12 years work experience.