Business Development Manager-NBFC Job Description Template
As a Business Development Manager-NBFC, you will be responsible for expanding the company's market presence and driving business growth. You will identify and acquire new clients, manage relationships with existing clients, and collaborate with internal teams to develop and promote financial products and services.
Responsibilities
- Identify new business opportunities and maintain existing relationships.
- Conduct market research to identify and evaluate potential clients.
- Negotiate and close deals to achieve sales targets.
- Collaborate with product development and marketing teams to promote financial products.
- Develop business plans and strategies to achieve revenue goals.
- Monitor industry trends and competitor activities.
- Prepare and present sales reports and forecasts.
Qualifications
- Bachelor's degree in Business, Finance, or a related field.
- 5+ years of experience in business development or sales, preferably within NBFC.
- Proven track record of achieving sales targets and driving business growth.
- Strong understanding of financial products and services.
- Excellent communication and negotiation skills.
Skills
- Salesforce
- Market research
- Negotiation
- Strategic planning
- Data analysis
- CRM software
- Financial analysis
Frequently Asked Questions
A Business Development Manager in a Non-Banking Financial Company (NBFC) is responsible for identifying and developing new business opportunities. They strategize initiatives to expand the customer base and enhance profitability by fostering partnerships and cultivating new client relationships. The role involves market research, planning targeted strategies, and collaborating with marketing teams to implement growth plans.
To become a Business Development Manager in an NBFC, a candidate typically needs a bachelor's degree in business or finance, though an MBA can be advantageous. Relevant experience in sales, marketing, or a similar field is crucial. Developing strong communication and analytical skills, along with a deep understanding of financial markets, are key to success in this role.
The average salary for a Business Development Manager in an NBFC varies depending on factors like experience, location, and company size. Typically, the compensation package includes a base salary along with performance-based incentives. This role often offers substantial earning potential, reflecting its importance in driving company growth.
Qualifications for a Business Development Manager role in an NBFC often include a bachelor's degree in business, finance, or related fields. Professional qualifications like an MBA can be beneficial. Employers also look for expertise in sales strategies, market analysis, and customer relationship management, as well as excellent communication and negotiation skills.
A Business Development Manager in an NBFC requires strong analytical, strategic planning, and communication skills. Key responsibilities include identifying growth opportunities, developing strategic partnerships, and maintaining client relationships. The role demands a deep understanding of financial products, negotiation skills, and the ability to work collaboratively with sales teams to achieve business objectives.