Business Development Manager
3 weeks ago
- MBA – Finance / Marketing from reputed Institutions
- Pune location.
- 3 - 5 years experience in Business Development, specially in Supply Chain Finance/ Trade Finance.
- To source business through direct marketing by reaching out to the clients, contact associations, local industry bodies etc. and respond to business queries promptly.
- To achieve Budgeted growth of Core Factoring business and LC discounting business
- To follow up regularly with prospects & increase conversion rates. Inform clients of the basket of services offered by SBIGFL and properly structure them to suit client’s requirements within SBIGFL’s parameters.
- To study the financials of the prospective client in details.
- To liaise with surveyors to expedite the field survey process
- To liaise with credit dept for sanction and provide them necessary documents / information sought for credit analysis and co-ordinate for review / renewal of existing accounts.
- To ensure timely completion of legal documentation and follow up with client to initiate fresh utilization of sanctioned limits.
- To ensure that the client is given proper understanding of our operational requirements, which involves issues such as proper documentation, submitting of document to SBIGFL within a reasonable amount of time, to ensure that the clients use the lines of credit extended and also to seek a periodical report of the approximate quantum of invoice value that can be expected.
- To assist debt management team in recovery of stressed accounts.
- To collect market information about client and to monitor financial health / performance of the client at regular intervals.
- To explore possibility to collect good returns for the facility sanctioned in terms of set up fees and interest income collected from client.
- To interact/correspond with customers at regular intervals to know the service feedback.
- Conduct plant visit and submit the report to credit thereof.
- Visit the client’s Debtor to complete the execution of letter / documents.
- Visit and liaison with State Bank Branches, consultants / professionals to get the Business leads for business.
- Any other work as may be assigned from time to time.
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