Business Development Officer at Lovonus Microfinance Bank

Reports To: Head of Business Development 

We are looking for a results-driven and customer-oriented Business Development Officer to join our team. In this role, you will be responsible for driving the bank\'s growth by identifying new business opportunities, mobilizing deposits, marketing loan products, and managing client relationships.

The ideal candidate possesses excellent communication skills, a strong network, and a passion for financial inclusion and sales.

Key Responsibilities

• Client Acquisition & Marketing: Source for new individual and corporate clients to actively market the bank’s deposit and loan products.
• Deposit Mobilization: Meet and exceed set monthly targets for deposit mobilization and account opening.
• Loan Portfolio Management: Evaluate loan applications, conduct thorough credit appraisals/site visits, and ensure high-quality loan disbursement.
• Relationship Management: Maintain excellent relationships with existing clients to ensure customer retention, repeat business, and referrals.
• Recovery & Monitoring: Monitor loan repayment schedules and follow up with clients to ensure zero tolerance for default and maintain a healthy Portfolio at Risk (PAR).
• Market Intelligence: Keep track of market trends, competitor activities, and customer feedback to suggest product improvements.

Requirements & Qualifications

• Education: B.Sc. or HND in Marketing, Business Administration, Banking and Finance, or any related field.
• Experience: * Minimum of 2–4 years of active experience in marketing or business development within a Microfinance Bank or commercial bank.
• Proven track record of meeting and exceeding sales/mobilization targets.

Skills:

• Strong marketing, negotiation, and persuasion skills.
• Good understanding of micro-lending and credit risk assessment.
• Excellent communication and interpersonal skills.
• Proficiency in basic computer applications (MS Word, Excel).
• Personal Attributes: Target-driven, self-motivated, honest, and able to work under pressure with minimal supervision.