Deposit Mobilization Officer
Industry: Microfinance Banking Locations: Ikeja, Sangotedo, Epe, Lagos Island, Oshodi, Ikorodu & Ojo, Lagos State Employment Type: Full-Time Reports To: Head of Business Development / Regional Business Manager Monthly Salary: ₦240,000 – ₦390,000 (Based on Experience and Portfolio) Experience: Minimum of 5 years' relevant experience in Deposit Mobilization within a Microfinance Bank (Mandatory). About The Role Our client, a reputable Microfinance Bank, is seeking experienced, highly motivated, and results-driven Deposit Mobilization Officers to drive business growth through the acquisition and management of deposit liabilities. The successful candidates will be responsible for sourcing and mobilizing deposits from High-Net-Worth Individuals (HNIs), SMEs, corporate organizations, associations, cooperatives, religious institutions, educational institutions, and other key market segments . The ideal candidate must possess an established client network, a strong understanding of liability generation, and a proven track record of consistently achieving deposit mobilization targets within the microfinance banking sector. Please Note: Previous experience in a Microfinance Bank is mandatory. Candidates without relevant microfinance banking experience will not be considered. Key Responsibilities Deposit Mobilization & Business Development
Drive deposit mobilization initiatives to achieve assigned liability growth targets. Source and mobilize deposits from High-Net-Worth Individuals (HNIs), SMEs, corporate organizations, government agencies, NGOs, cooperatives, associations, schools, religious organizations, and other institutional clients. Develop and implement effective strategies for growing the Bank's deposit portfolio. Build and maintain a robust pipeline of prospective deposit customers. Identify new business opportunities and convert prospects into long-term banking relationships. Consistently meet and exceed monthly, quarterly, and annual deposit mobilization targets.
Relationship Management
Develop and maintain strong relationships with existing and prospective customers. Serve as the primary relationship manager for assigned liability accounts. Cross-sell the Bank's products and services, including savings accounts, fixed deposits, current accounts, loans, digital banking solutions, and investment products. Ensure high levels of customer satisfaction through excellent service delivery. Retain and grow existing customer portfolios through proactive engagement.
Marketing & Sales
Conduct regular marketing visits and business development calls within assigned territories. Organize customer engagement activities and participate in promotional campaigns. Deliver presentations to prospective clients and institutions. Promote the Bank's products and value proposition to target markets.
Portfolio Management & Compliance
Monitor customer accounts and ensure proper account maintenance. Ensure all account opening documentation complies with KYC, AML/CFT, and regulatory requirements. Maintain accurate customer records and transaction documentation. Adhere to all internal policies, operational procedures, and regulatory guidelines.
Reporting
Prepare daily, weekly, and monthly deposit mobilization reports. Maintain an up-to-date sales pipeline and business development tracker. Provide market intelligence on competitor activities and emerging business opportunities. Submit periodic performance reports to management.
Qualifications
Bachelor's Degree or HND in Banking & Finance, Business Administration, Economics, Marketing, Accounting, or a related discipline. Minimum of 5 years' relevant experience in Deposit Mobilization within a Microfinance Bank (Mandatory). Demonstrated success in generating and managing substantial deposit portfolios. Proven ability to consistently achieve or exceed liability generation targets. Strong understanding of banking operations, deposit products, and customer relationship management.
Key Performance Indicators (KPIs)
Monthly Deposit Mobilization Target Total Deposit Portfolio Growth Number of New Deposit Accounts Opened Value of Fixed Deposit Placements Number of New Corporate and Institutional Relationships Customer Retention Rate Cross-Selling Performance Portfolio Quality and Growth
What We Offer
Competitive Monthly Salary Performance-Based Incentives Career Growth and Development Opportunities Ongoing Professional Training Supportive and Performance-Driven Work Environment
How to Apply Interested and qualified candidates should send their updated CV to hiring@mysigma.io using "Deposit Mobilization Officer – Preferred Location" as the subject of the email. Example: Deposit Mobilization Officer – Ikeja or Deposit Mobilization Officer – Lagos Island. <