Deposit Mobilisation Officer at Digitvant Microfinance Bank

Job Summary:

• The Deposit Mobilization Officer is responsible for driving the acquisition of deposit funds from both new and existing clients, including individuals, SMEs, cooperatives, and corporate entities.
• This role is focused on developing and maintaining long term relationships that support the organization's funding goals, particularly in a digital or microfinance environment.

Key Responsibilities:

• Develop and implement strategies to attract fixed deposits, savings, and other liability products from retail and institutional clients.
• Identify, engage, and convert potential depositors through field visits, networking, referrals, partnerships, and digital campaigns.
• Build strong relationships with high net worth individuals (HNIs), businesses, cooperatives, religious and professional bodies, etc.
• Cross sell deposit products and ensure consistent customer engagement to retain funds.
• Maintain updated knowledge of industry deposit rates and competitor offerings to position the organization competitively.
• Ensure all deposit mobilization activities comply with internal policies and regulatory requirements.
• Track deposit performance and prepare periodic reports on targets, leads, conversions, and renewals.
• Coordinate with internal teams (e.g., operations, compliance, and marketing) to ensure seamless onboarding and satisfaction of deposit clients.

Key Competencies:

• Goal-oriented and highly motivated
• Strong interpersonal and persuasion skills
• Market knowledge and customer insight
• Digital literacy and CRM tool proficiency
• Integrity and customer trust management
• Strategic thinking and problem-solving

Requirement:

• 3-5 years experience Deposit Mobilization in a Microfinance Bank, Fintech, or Commercial banking environment.
• Strong analytical, communication, negotiation skills.
• Good understanding of financial statements and business analysis.
• Ability to work independently and meet targets under pressure.
• Knowledge of the local SME ecosystem.
• Strong interpersonal skills and a customer-first mindset.
• Attention to detail and commitment to compliance.