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Business Development Executive

MIM Finance Company

Sales

1 week ago
Easy apply New

Job summary

We are looking for an experienced Business Development Executive – WageX to drive the acquisition and growth of employer partnerships for our salary advance solution.

Min Qualification: Degree Experience Level: Entry level Experience Length: 2 years Language Requirement: English Working Hours: Full Time - 8 to 5 Applicant Location: Lagos, Nigeria

Job descriptions & requirements

Responsibilities:

Employer Acquisition & Business Development:

  • Build and maintain a pipeline of qualified employers that meet WageX eligibility requirements.
  • Identify and engage CEOs, founders, HR/People leaders, Finance teams, Payroll teams and other senior decision-makers.Generate new business through outbound prospecting, referrals, professional networks and market research.
  • Develop and maintain strong relationships with prospective and existing employer partners.
  • Meet agreed business development and employer acquisition targets
  • Sales & Employer Onboarding
  • Understand prospective employers' workforce structure, payroll processes and employee needs.
  • Present and position WageX as a relevant salary-access and financial-wellness solution.Manage the sales cycle from initial contact through discovery, presentations, proposals, negotiations and closing.
  • Coordinate employer due diligence, documentation and agreement execution.
  • Work with Risk, Compliance, Credit, Operations and Product teams to ensure successful onboarding.


Employee Activation & Account Growth:

  • Support employee sensitisation, registration and activation following employer onboarding.
  • Work with employer partners to encourage employee adoption and product utilisation.
  • Identify opportunities to increase utilisation and grow existing employer accounts.
  • Resolve onboarding or commercial issues and coordinate with relevant internal teams.
  • Generate qualified referrals and identify additional partnership opportunities.


Pipeline Management & Reporting:

  • Maintain accurate CRM and pipeline records.
  • Track prospects, opportunity stages, decision-makers, next actions and expected close dates.
  • Provide regular reports on pipeline development, employer acquisition, onboarding, activation and revenue performance.
  • Monitor market trends and competitor activity and provide insights to improve employer targeting and sales strategies.


Compliance & Professional Representation:

  • Represent MIM Finance and WageX professionally in all employer interactions.
  • Ensure sales activities, proposals and commitments comply with approved product, pricing, credit, risk, data-protection and regulatory requirements.
  • Follow appropriate due diligence and compliance processes throughout the employer acquisition cycle.


Requirements:

  • Bachelor's degree in Business Administration, Marketing, Finance, Economics or a related discipline.
  • 2–4 years of relevant experience in Business Development, Corporate Sales, Partnerships or Relationship Management.
  • Direct experience in fintech or financial services is required.
  • Demonstrable experience in B2B/corporate sales, employer acquisition, partnership development or business account acquisition.
  • Experience engaging senior decision-makers such as CEOs, founders, HR leaders, Finance teams, Payroll teams or business owners.
  • Practical knowledge of financial products such as digital lending, consumer finance, salary/payroll-backed credit, banking, payments or microfinance.
  • Understanding of financial-services due diligence and regulated sales processes, including KYB/KYC, credit, risk and compliance requirements.
  • Strong prospecting, presentation, negotiation, relationship management and closing skills.
  • Strong commercial awareness and ability to work in a target-driven environment.
  • Good CRM, pipeline management and reporting skills.
  • An existing network of HR, Finance, Payroll or corporate decision-makers will be an advantage.


Relevant Backgrounds

Candidates with backgrounds in the following areas are encouraged to apply:

  • Business Development – Fintech/Financial Services
  • Corporate Sales
  • Relationship Management
  • Partnerships
  • Employer Acquisition
  • B2B Financial Services Sales
  • Digital Lending
  • Banking
  • Microfinance
  • Consumer Finance
  • Payroll or Salary-Backed Lending
  • Employee Financial Services


What Success Looks Like:

Success in this role means consistently:

  • Acquiring suitable employer partners.
  • Converting qualified prospects through the sales pipeline.
  • Supporting successful employer onboarding.
  • Driving employee registration, activation, and product utilisation.
  • Building strong and sustainable employer relationships.
  • Maintaining accurate sales and pipeline records.
  • Contributing measurable and compliant business growth.


Compensation & Commission:

  • Remuneration: NGN 250,000–400,000 gross monthly 

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