Business Development Executive at iRecharge Tech-Innovations Limited

Job Title: Business Development Executive

Activities

• 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.
• Identify and develop business opportunities aligned with our product offerings and strategic goals.
• 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.
• 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.
• Drive sales initiatives to achieve revenue targets.
• Present banking products and services to potential clients, tailoring pitches to their specific needs.
• Collaborate with the Business Development Manager to develop and implement strategic business plans.
• Identify and assess potential business partners and strategic alliances.
• Prepare and present detailed business proposals and presentations to potential clients.
• Negotiate terms and close deals to secure new business.
• 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.
• Maintain accurate records of sales activities, client interactions, and business development efforts.
• Prepare regular reports on business development activities and progress toward goals.

Candidate Profile

• Bachelor’s degree in Business Administration, Finance, Marketing, or a related field. A Master’s degree or relevant professional certification is a plus.
• Minimum of 3-5 years in business development, sales, relationship management, or a related role within the banking or financial services industry.
• Proven track record of meeting or exceeding sales targets and business development goals.
• Strong understanding of banking products, services, and industry trends.
• In-depth knowledge of financial products, investment strategies, and wealth management solutions.

Application Instructions:

The application deadline is 31st October 2024. Therefore qualified and interested candidates should submit their Resumes, cover letters, and any relevant certifications to: [email protected] using the job title as the subject of the mail.