Business Development Executive at iRecharge Tech-Innovations Limited Full Time

Job Title: Business Development Executive

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.

Application Closing Date
31st October, 2024.

How to Apply
Interested and qualified candidates should send their Resume, Cover Letter and any relevant certications to: [email protected] using the Job Title as the subject of the mail.