Business Development Manager at iRecharge Tech-Innovations

Key Responsibilities

Identify and develop business opportunities aligned with our product offerings and strategic goals

Market Research and Analysis:

• Conduct thorough market research to identify new business opportunities and trends within the banking sector.
• Analyze competitor strategies and market positioning to inform business development strategies.

Client Acquisition and Retention:

• Identify, approach, and acquire new clients to expand the bank\'s customer base.
• Develop and maintain relationships with key clients, stakeholders, and partners.
• Understand clients\' financial goals, preferences, and challenges to provide tailored solutions and products.
• Conduct regular client reviews to assess portfolio performance and recommend more of our products.
•  Address client inquiries and concerns promptly to ensure a high level of client satisfaction.

Sales and Revenue Growth:

• Drive sales initiatives to achieve revenue targets.
• Present banking products and services to potential clients, tailoring pitches to their specific needs.

Strategic Planning:

• Collaborate with the Business Development Manager to develop and implement strategic business plans.
• Identify and assess potential business partners and strategic alliances.

Proposal Development:

• Prepare and present detailed business proposals and presentations to potential clients.
• Negotiate terms and close deals to secure new business.

Product Development Support:

• Work closely with product development teams to provide market feedback and insights.
• Assist in the development of new banking products and services based on client needs and market demands.

Reporting and Documentation:

• Maintain accurate records of sales activities, client interactions, and business development efforts.
• Prepare regular reports on business development activities and progress towards goals.

Others;

• Proactively generate leads through networking, referrals, and existing client relationships.
• Develop and implement strategies to achieve individual and team sales targets, contributing to revenue growth and profitability.
• Stay informed and ensure compliance with all regulatory requirements and internal policies, particularly in relation to value-added services and digital products.

Requirements / Qualifications:

• Education: Bachelor’s degree in Business Administration, Finance, Marketing, or a related field. A Master’s degree or relevant professional certification is a plus.
• Minimum of 3-5 years of experience in business development, sales, relationship management or a related role within the banking or financial services industry.
• Proven track record of meeting or exceeding sales targets and business development goals.
• Strong understanding of banking products, services, and industry trends.
• In-depth knowledge of financial products, investment strategies, and wealth management solutions.
• Excellent communication, negotiation, and interpersonal skills.
• Ability to think strategically and develop long-term business plans.
• Proficiency in Microsoft Office Suite and CRM software.
• In-depth knowledge of the banking industry and financial products.
• Strong analytical and problem-solving skills.
• Ability to work independently and as part of a team.
• High level of integrity and professionalism.
• Willingness to travel as needed.