Business Development Executive at I recharge Tech Innovations

Finance
Lagos
October 12, 2024
Full Time

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Job Description

  • Job Location: Lagos

Key Responsibilities

  • Identify and Develop Business Opportunities:

  • Identify and develop business opportunities aligned with our product offerings and strategic goals.

Market Research and Analysis:

  • Conduct thorough market research to identify new business opportunities and trends within the banking sector.
  • Analyze competitor strategies and market positioning to inform business development strategies.

Client Acquisition and Retention:

  • Identify, approach, and acquire new clients to expand the bank’s customer base.
  • Develop and maintain relationships with key clients, stakeholders, and partners.
  • Understand clients’ financial goals, preferences, and challenges to provide tailored solutions and products.
  • Conduct regular client reviews to assess portfolio performance and recommend additional products.
  • Address client inquiries and concerns promptly to ensure a high level of client satisfaction.

Sales and Revenue Growth:

  • Drive sales initiatives to achieve revenue targets.
  • Present banking products and services to potential clients, tailoring pitches to their specific needs.

Strategic Planning:

  • Collaborate with the Business Development Manager to develop and implement strategic business plans.
  • Identify and assess potential business partners and strategic alliances.

Proposal Development:

  • Prepare and present detailed business proposals and presentations to potential clients.
  • Negotiate terms and close deals to secure new business.

Product Development Support:

  • Work closely with the product development teams to provide market feedback and insights.
  • Assist in the development of new banking products and services based on client needs and market demands.

Reporting and Documentation:

  • Maintain accurate records of sales activities, client interactions, and business development efforts.
  • Prepare regular reports on business development activities and progress toward goals.

Other Responsibilities:

  • Proactively generate leads through networking, referrals, and existing client relationships.
  • Develop and implement strategies to achieve individual and team sales targets, contributing to revenue growth and profitability.
  • Stay informed and ensure compliance with all regulatory requirements and internal policies, particularly related to value-added services and digital products.
  • Assess and manage risks associated with client accounts and transactions, especially those involving digital products.
  • Collaborate with internal stakeholders, including product specialists and operations teams, to deliver comprehensive and integrated solutions to clients.
  • Mentor and support junior colleagues, fostering a culture of continuous learning and development within the team.

Requirements/Qualifications

 Education:

  • Bachelor’s degree in Business Administration, Finance, Marketing, or a related field. A Master’s degree or relevant professional certification is a plus.

Experience:

  • Minimum of 3-5 years in business development, sales, relationship management, or a related role within the banking or financial services industry.

Track Record:

  • Proven track record of meeting or exceeding sales targets and business development goals.

Industry Knowledge:

  • Strong understanding of banking products, services, and industry trends.
  • In-depth knowledge of financial products, investment strategies, and wealth management solutions.

Method of Application

Interested and qualified candidates should send their Resume, Cover Letter and any relevant certications to: Recruitments@irecharge.ng using the Job Position as the subject of the mail.

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