Business Development Executive

Responsibilities:

• Develop and execute strategies to attract and retain deposits from existing and new clients.
• Implement effective deposit generation campaigns, monitor deposit trends, and ensure compliance with regulatory requirements related to deposit generation.
• Assess the creditworthiness of clients and structure appropriate loan products.
• Ensure compliance with risk management policies while achieving targeted loan disbursement levels.
• Develop and implement strategies to acquire new clients and grow the customer base.
• Identify potential clients, create targeted marketing campaigns, and establish robust sales processes to attract and onboard new customers.
• Cultivate long-term relationships with clients by providing personalized financial advice, excellent customer service, and timely response to queries and concerns.
• Act as a trusted advisor to clients, understanding their financial goals and offering tailored solutions to help them achieve their objectives.
• Work closely with internal teams to ensure seamless client onboarding, efficient risk assessment, and successful implementation of marketing initiatives.
• Collaborate with team members to create a cohesive and client-centric approach to relationship management.
• Monitor competitor activities, market trends, and industry developments.
• Recommend innovative solutions to improve competitiveness and product positioning.
• Ensure compliance with CBN and regulatory standards in all operations.
• Provide the Team Lead with regular reports on sales activities, pipeline, and revenue forecasts.

Requirements:

• Minimum 2 years of experience
• Minimum of an HND

Key Performance Indicators (KPI):

• Grow deposit portfolio by NGN 50million monthly.
• Grow the loan portfolio to NGN 80 million monthly while ensuring quality risk assets are created.
• Acquire and retain at least 70 clients monthly.
• Maintain a high customer satisfaction score through excellent service delivery.
• Facilitate at least two cross-departmental initiatives per quarter that enhance sales effectiveness or customer experience.
• Ensure 90% of collaborative action plans are implemented within agreed timelines.
• 100% submission & presentation of MPR before deadline
• Provide periodic reports on market trends, competition, and growth opportunities.
• Ensure 100% compliance with internal policies and external regulatory requirements