Manager - Business Growth (BFSI) Job Description Template
This role focuses on accelerating business growth within the BFSI sector. You will lead efforts to identify new business opportunities, optimize sales processes, and build impactful relationships. Your strategic insights and leadership skills will be crucial in driving revenue and expanding our market footprint.
Responsibilities
- Develop and implement growth strategies to increase market share in the BFSI sector.
- Identify and pursue new business opportunities within the industry.
- Build and maintain relationships with key stakeholders and clients.
- Lead and mentor a team to achieve sales targets and business objectives.
- Analyze market trends and provide strategic recommendations.
- Collaborate with cross-functional teams to align on business goals and strategies.
- Monitor and report on sales performance and growth metrics.
- Present detailed growth plans and progress reports to senior management.
Qualifications
- Bachelor's degree in Business, Finance, Marketing, or a related field.
- Minimum of 5 years of experience in business development or sales within the BFSI sector.
- Proven track record of driving business growth and achieving sales targets.
- Strong leadership and team management skills.
- Excellent communication and interpersonal skills.
- Ability to analyze market data and trends.
- Experience with strategic planning and implementation.
Skills
- Salesforce
- Market Analysis
- Strategic Planning
- Relationship Building
- Leadership
- Financial Acumen
- Negotiation
- CRM Tools
- Presentation Skills
- Data Analysis
Frequently Asked Questions
A Manager - Business Growth in BFSI is responsible for identifying and developing growth opportunities within banking, financial services, and insurance sectors. They devise strategies to boost sales, enhance customer engagement, and increase market share. This role requires collaboration with various departments to optimize company resources effectively. Key tasks include analyzing market trends, forecasting financial goals, and leading business development initiatives.
To become a successful Manager - Business Growth in BFSI, individuals typically need a blend of education and experience. A bachelor's degree in finance, business administration, or a related field is common, with many pursuing an MBA for advanced roles. Experience in the BFSI industry is crucial, often requiring skills in sales strategy, negotiations, and market analysis. Additional certifications in financial services can enhance career prospects.
The average salary for a Manager - Business Growth in the BFSI sector varies based on location, experience, and company size. Generally, these professionals can expect competitive compensation reflecting their strategic role. Salaries often include base pay with performance bonuses, reflecting their business development impact. Comparisons indicate they earn more than the median for similar management positions in other sectors.
Qualifications for a Manager - Business Growth in BFSI typically include a bachelor's degree in finance, economics, or business administration. An MBA or equivalent graduate degree is advantageous for senior roles. Relevant certifications in financial management, business strategy, or specific BFSI areas may also be beneficial. On-the-job experience in business development or sales within BFSI is often crucial.
Key skills for a Manager - Business Growth in BFSI include strategic thinking, market analysis, negotiation, and leadership. They must excel in communication to articulate growth strategies effectively. Responsibilities include developing business plans, identifying new market opportunities, and optimizing sales processes to drive revenue growth. Effective collaboration with cross-functional teams is also crucial to align business growth with organizational goals.