Senior Deposit Mobilization & Product Marketing Officer at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion. The success recorded by the bank in its lending program has earned it strategic partnership with the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) among others. The combination of cutting-edge technology, a strong and committed Board of Directors and motivated employees has helped the Bank to create a brand widely accepted by its teeming clients in Lagos. It is now expanding its frontiers in a scaling program aimed at delivering improved value to its stakeholders.

We are recruiting to fill the position below:

Job Title: Senior Deposit Mobilization & Product Marketing Officer

Location: Ikeja, Lagos
Employment Type: Full-time

Job Summary

• The Senior deposit (Fund) Mobilization & Product Marketing Officer would be responsible for driving deposit mobilization, account opening, and retention.
• The ideal candidate will meet monthly sales targets, introduce the bank’s products, develop and manage High Net-worth Individuals and corporates.

Responsibilities

• 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 - N300milion 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.
• Develop and execute best-in-class go-to-market strategies and campaigns to support new product launches and drive growth for the business
• Create and manage marketing budgets, plans and strategies.
• Follow and analyze market trends to position products.
• Work with various teams (design, content, acquisition, product, sales) to implement strategies across all marketing channels.
• Researching the market to learn the competitive environment.
• Working with the marketing team to create materials that highlight product features and benefits.

Requirements

• Investment, Private, Microfinance & Retail Banking experience.
• Proven working experience as a Deposit mobilisation officer in a Microfinance institution is an added advantage.
• Established track record of developing and maintaining 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.

Why Work With Bosak Microfinance Bank Limited?
If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you. We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential. Our remuneration and employee welfare packages are among the best in the industry. We offer the following Benefits:

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month.

Application Closing Date
7th December, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.