Head of Savings and Investment at Neptune Microfinance Bank

Job Description / Responsibilities

• Develop and execute comprehensive savings mobilization strategies to meet organizational goals and objectives.
• Savings liability Products development Savings Staff selection and management, including training
• Design and launch savings products and services that cater for various customer segments, ensuring their attractiveness and competitiveness in the market.
• Conduct market research and analysis to identify customer needs, preferences, and trends related to savings and implement appropriate strategies accordingly.
• Build and maintain strong relationships with existing and potential customers to foster loyalty and encourage continuous saving behavior.
• Lead and manage a team of savings mobilization officers, providing guidance, support, and training to ensure their effectiveness in promoting savings. Collaborate with marketing and communication teams to develop promotional campaigns and materials that effectively communicate the benefits and features of savings products.
• Monitor and analyze the performance of savings products and services, regularly reviewing key metrics, and making data-driven recommendations for improvements.
• Stay updated on industry trends, regulatory requirements, and best practices related to savings mobilization and incorporate them into the organizations strategies.
• Develop and maintain effective partnerships with relevant stakeholders, such as financial institutions, NGOs, and government agencies, to leverage resources and expand outreach.
• Prepare regular reports on savings mobilization activities, progress, and outcomes, presenting them to senior management and stakeholders.

Qualifications

• Minimum academic qualification of BSc. / BA / HND Degree in Banking & Finance, Marketing, and any other related course.
• Possession of MSc / MA / MBA or related professional qualification is an added advantage 5 years experience of work experience
• Proven experience in savings mobilization, retail banking, microfinance, or a similar field, preferably in a leadership role.
• Strong understanding of financial products, savings concepts, and customer behavior in the financial services sector.
• Familiarity with regulatory frameworks and compliance requirements related to savings mobilization.
• Demonstrated ability to develop and implement effective savings mobilization strategies, leading to measurable results.
• Experience in product development, market research, and analysis to identify customer needs and preferences.
• Excellent knowledge of financial industry trends, emerging technologies, and digital banking solutions.
• Strong analytical and problem-solving skills, with the ability to interpret data, identify patterns, and make informed decisions.
• Exceptional communication and presentation skills, with the ability to communicate complex ideas to diverse stakeholders effectively.
• Skills & Competencies:
• Savings and Investment banking experience Product development skills Savings Staff selection and management, including training Strong sales and negotiation skills to attract and retain customers.
• Proficiency in financial analysis and forecasting.
• Excellent interpersonal skills to build and maintain relationships with customers and stakeholders.
• Ability to work effectively in a fast-paced and dynamic environment, managing multiple priorities.
• Proficiency in using relevant software and technology tools for data analysis, reporting, and customer relationship management.
• Attention to detail and accuracy in managing financial transactions and records.
• Innovative thinking and ability to adapt to changing market dynamics and customer preferences.