Business Development Manager Job at Fedeth Microfinance Bank Limited Job in Nigeria

Business Development Manager Job at Fedeth Microfinance Bank Limited Job in Nigeria

Job title: Business Development Manager Job at Fedeth Microfinance Bank Limited


Job description: Fedeth Microfinance Bank Limited is a Digital Inclined leading Microfinance Bank in Nigeria. We have taken up a mandate to be the digital Bank of the first choice. Our mission is to continually support micro-entrepreneurs and individuals by providing excellent financial services through cutting-edge technology and a highly skilled team.

We are recruiting to fill the position below:

Job Position: Business Development Manager

Job Location: Abuja (FCT)

Employment Type: Full-time

Job Description

Market Penetration:

  • Develop and implement strategies to penetrate new markets and increase market share.
  • Monitor competitors and adjust strategies as needed.
  • Develop new business opportunities by generating Deposit Liabilities and Fund Mobilization within the MSME and retail market.

Client Acquisition and Relationship Management:

  • Lead efforts to acquire new clients and expand the customer base.

Negotiation and Deal Closing:

  • Lead negotiations with clients, partners, and stakeholders to secure favorable deals.
  • Identify, develop, and cultivate relationships with customers within the retail and MSME segment who need loans and advances to support their business.
  • Ensure contracts are effectively managed and executed.
  • Initiate the development, launching, and sales of new product offerings

Sales and Revenue Generation:

  • Set sales targets and lead the business team to achieve revenue goals.
  • Develop and implement sales strategies to maximize profitability.

Performance Monitoring and Reporting:

  • Monitor key performance indicators (KPIs) to measure the success of business development efforts.
  • Prepare regular reports for Management on progress and achievements.

Team Leadership and Development:

  • Lead and manage the business development team, providing guidance and mentorship.
  • Conduct regular training and skill development programs for team members.

Compliance and Risk Management:

  • Ensure business development activities comply with industry regulations and internal policies.
  • Mitigate risks associated with business expansion and client relationships.

Networking and Industry Engagement:

  • Represent the institution at industry events, conferences, and seminars to enhance brand visibility.
  • Build a strong network of contacts within the financial industry.


  • Candidates should possess an MBA qualification with 5 – 12 years of work experience.

Expected salary:

Location: Abuja, FCT

Job date: Tue, 12 Sep 2023 23:30:52 GMT

Apply for the job now!

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