Business Development Manager

3 weeks ago

india Mentor Wealth Full time

Company Overview:  Mentor Wealth Distributors, a growing twenty-two-year-old organization, is a leading wealth management company based in New Delhi, India. With a focus on providing comprehensive financial solutions to individuals and businesses, we specialize in offering a wide range of mutual fund products tailored to meet our clients' diverse investment needs.


Job Description:  As a Business Development Manager, you will be responsible for driving revenue growth and expanding our client base across geographies. A minimum of five years of experience in the financial services industry, particularly in mutual fund sales, is preferable, however, if you have vast experience in dealing with potential clients and a proven track record of converting them into your long-term business clients, you might be the right candidate. You will play a pivotal role in implementing strategic initiatives to achieve business objectives.


Key Responsibilities:

  • Client Acquisition:  Identify and target prospective clients, including high-net-worth individuals, corporate entities, and institutional investors.
  • Relationship Management:  Build and maintain strong relationships with existing clients, ensuring high levels of satisfaction and retention.
  • Product Promotion:  Educate clients on the benefits of mutual fund investments and promote our product offerings through effective presentations and seminars.
  • Market Research:  Stay abreast of market trends, competitor activities, and regulatory changes to provide insights for business development strategies.
  • Sales Strategy:  Develop and execute sales strategies to achieve revenue targets and drive business growth.
  • Team Collaboration:  Work closely with internal teams, including marketing, operations, distribution, and compliance, to ensure seamless execution of sales initiatives.
  • Performance Tracking:  Monitor and analyse sales performance metrics, prepare regular reports, and propose corrective actions as needed.
  • Compliance Adherence:  Ensure compliance with regulatory requirements and company policies in all client interactions and sales activities.


Qualifications:

  • Bachelor's degree in Business Administration, Finance, or related field; MBA preferred.
  • Minimum five years of experience in financial services, or any other client servicing industry with a proven track record in sales conversion, and client satisfaction.
  • A strong understanding of mutual fund products, market dynamics, and regulatory frameworks is preferable. Still, an aptitude to learn the subject if you are from a different industry will also be welcomed. 
  • Excellent communication, presentation, and negotiation skills.
  • Demonstrated ability to build and maintain client relationships.
  • Proactive attitude with a results-driven approach to achieving targets.
  • Certification such as AMFI (Association of Mutual Funds in India) or NISM (National Institute of Securities Markets) would be advantageous.


Benefits:

  • Competitive salary package with performance-based incentives.
  • Opportunities for career advancement and professional development.
  • Comprehensive health insurance coverage.
  • Dynamic and collaborative work environment.


Application Process:  To apply for the position of Business Development Manager, please submit your resume along with a cover letter outlining your relevant experience and why you are interested in joining Mentor Wealth. Shortlisted candidates will be contacted for further evaluation.

Mentor Wealth Distributors is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage qualified candidates of all backgrounds to apply.


  • Note:  This job description is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Responsibilities may change based on business needs. Candidates must be willing to travel within India or abroad in future if required. 

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