Zonal Business Manager-Forex

2 days ago

Gulbarga, Karnataka, India Muthoot Fincorp Ltd. Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Company Description

Muthoot FinCorp Limited (MFL) is the flagship company of the Muthoot Pappachan Group and a leader in the gold loans business. With over 3,600 branches across India's cities, towns, and villages, Muthoot FinCorp serves more than 75,000 customers daily. The company uses its extensive experience and expertise to provide quick, customized finance options and investment products, particularly to those without access to mainstream commercial banks. MFL fosters a professionally managed environment that encourages teamwork, creativity, and commitment, ensuring both excellence and innovation are recognized and rewarded.

Role Description

This is a full-time on-site role for a Zonal Business Manager - Forex, for Karnataka .The Zonal Business Manager will be responsible for managing and supervising the forex operations within their region.He will be responsible for Region FX Revenue target responsibility and ensure his –Forex cluster & individual FX- officer business delivery as per the target commitment. In addition, he needs to handhold a Cluster under his direct supervision.

Forex Business (Travel care/Remittance & Bank Notes) & revenue responsibility of Branch -Retail & Eco partner channel business. Bulk purchase/Bulk sales & small corporate Sales for the Cluster.

Onboarding direct sales segments like educational consultants, Tour Operators, Hotels, Travel & Money transfer agents, FFMC/AD-II and Banker's business relationships to do business on Travel Card/ Bank Notes, Outward remittances AD-I & II with special attention to Travel Card business.

Hand hold non-license branches and educate the branch team to learn on forex outward remittance and ensure to deliver of the committed. And Coordinate with the BDE team and ensure they deliver considerable business by educating incentive benefits.

Follow up & relationship building for Bankers to get Empanelment from bank FED

Roll out region-level business drive campaign with R &R, ensure performance review and Hire the right resources to build the team, by sharing regular business MIS on Forex to branches & sales teams.

Build and set up a Wholesale desk (WS-Desk) and supervise the desk revenue and its functions to enable the branch business.

And engage and build relationships with Key clients by the incentive/ commission pay-out timely to retain the agents & partner relationships to MFL for the long term.

Coordination with RM/AM and Zona/HO team to enhance the retail forex & outward remittance business across the branch counters (license & non-License branches.)

Ensure to oversee regulatory compliance and product hygiene at all levels.

Branch visits and impart training on Fx business, where required – In house or in Groups

Qualifications

  • Strong Analytical skills
  • Excellent written and verbal communication skills
  • Ability to lead and manage a team effectively
  • Experience in the financial industry is a plus
  • Bachelor's degree

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