Head Deposit Mobilization
1 month ago
Job Description
Our Client, a microfinance bank, is seeking to hire a Head Deposit Mobilization
Job Summary
The Head deposit (Fund) Mobilization would be responsible for driving deposit mobilization, account opening, and retention. S/He will meet monthly sales targets, introduce the bank’s products, develop and manage High Net-worth Individuals and corporates.
Job Description
- Mobilize funds from private sector entities, individuals, and corporate agencies.
- Develop and maintain relationships with corporate clients and individual depositors.
- Deposit Mobilization of Monthly N150 - N300m to offset Target.
- Advise clients on funds status and generate new clientele on an ongoing basis.
- Work with the team to develop and implement a business development plan to improve the deposit mobilization and retention of deposit and manage withdrawal attrition.
- Provide leadership in implementing business development plans to improve mobilization and retention of deposits, achieve set targets and manage withdrawal attrition.
- Develop and implement a business plan for identified target markets with the prospect to drive high volumes of new deposits to the bank.
- Build and manage strategic relationships for fixed deposit customers, serving as the single point of contact for new business.
- Develop and maintain beneficial relationships with corporate clients and individual depositors and meet sales targets.
- Ensure fixed deposit account opening forms are duly completed and registered and advise clients of deposit status as necessary.
Requirements
- Investment banking, private banking experience, microfinance, retail banking experience.
- Established track record of developing and maintaining HNi Clients on investment deals.
- Proven track record to meet individual and organizational loan production goals while maintaining a large client base.
- 5-10 years of relevant work experience in the Microfinance Bank, Finance House, and Investment Banking Industry.
- Ability to make sound business decisions, and manage a team.
Requirements
A degree in Accounting or other related fields ACA or ACCA qualification and registered with the Financial Reporting Council of Nigeria (FRCN) A Masters in Business Administration or Masters Degree in a Finance related course is desirable 8 - 12 years relevant working experience with a minimum of four years in a supervisory or managerial position. Experience in a similar role in the financial services industry will be an added advantage. Thorough knowledge of accounting standards (IFRS) Excellent communication (written and verbal) Treasury/Investment management Financial statement analysis Financial modeling Risk management Understanding of IT infrastructure and processes Excellent ethical values Strong leadership skills Excellent people management skills Good relationship management skills Resourcefulness and initiative
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