Head of Deposit Growth & Product Innovation
Job Location: Ikeja, Lagos
Employment Type: Full-time
Job Summary
- The Head of Deposit Growth & Product Innovation would be responsible for driving deposit mobilization, account opening, and retention. The ideal candidate will meet monthly sales targets, introduce the bank’s products, develop and manage High Net-worth Individuals and corporates.
Responsibilities
- Mobilize funds from private sector entities, individuals, and corporate agencies.
- Develop and maintain relationships with corporate clients and individual depositors.
- Deposit Mobilization of Monthly N15 – N30milion to offset target.
- Advise clients on funds status and generate new clientele on an ongoing basis.
- Work with the team to develop and implement a business development plan to improve the deposit mobilization and retention of deposit and manage withdrawal attrition.
- Provide leadership in implementing business development plans to improve mobilization and retention of deposits, achieve set targets and manage withdrawal attrition.
- Ensure fixed deposit account opening forms are duly completed and registered and advise clients of deposit status as necessary.
- Develop and execute best-in-class go-to-market strategies and campaigns to support new product launches and drive growth for the business
- Create and manage marketing budgets, plans and strategies.
- Follow and analyze market trends to position products.
- Develop and implement a business plan for identified target markets with the prospect to drive high volumes of new deposits to the bank.
- Build and manage strategic relationships for fixed deposit customers, serving as the single point of contact for new business.
- Develop and maintain beneficial relationships with corporate clients and individual depositors and meet sales targets.
- Work with various teams (design, content, acquisition, product, sales) to implement strategies across all marketing channels.
- Researching the market to learn the competitive environment.
- Working with the marketing team to create materials that highlight product features and benefits.
Requirements
- Investment, Private, Microfinance & Retail Banking experience.
- Proven working experience as a Deposit mobilization officer in a Microfinance institution is an added advantage.
- Established track record of developing and maintaining Clients on investment deals.
- Proven track record to meet individual and organizational loan production goals while maintaining a large client base.
- 5-10 years of relevant work experience in the Microfinance Bank, Finance House, and Investment Banking Industry.
- Ability to make sound business decisions, and manage a team.
Why Work With us
- If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
- We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
- Our remuneration and employee welfare packages are among the best in the industry.
We offer the following Benefits:
- HMO
- Constant Training and Development
- Leave & Passage Allowance
- Performance Induced Pay
- 13th Month
Application Closing Date: 11th December, 2024.
Method of Application
Interested and qualified candidates should send their CV to: recruitment@bosakmfb.com using the Job Position as subject of the mail.
