Deposit Mobilization 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.

Requirements

• Minimum of an OND in Accounting, Business Administration, Economics, Marketing and any other related field.
• At least 2 years experience in Deposit Mobilization, Marketing or Sales especially in the Finance industry.
• Excellent communication and persuasion skill
• Strong networking ability.
• Strong negotiation skill
• Self-motivated and target driven.

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.