Business Development Manager

We are seeking a dynamic and results-driven Business Development Manager (BDM) for our Chit Fund organization. The BDM will be responsible for expanding our customer base, driving sales, and developing strategies to increase market penetration. This role requires a deep understanding of the chit fund industry, excellent communication and sales skills, and the ability to build long-lasting relationships with clients.

Responsibilities:

• Identify and explore new business opportunities to increase customer acquisition and market share in the chit fund sector.
• Source new leads through various channels such as referrals, networking, direct sales, online campaigns, and partnerships.
• Qualify leads based on interest, financial capacity, and eligibility criteria to determine suitability for different chit fund products.
• Meet with potential clients to explain chit fund schemes, answer questions, and close sales.
• Develop and implement effective sales strategies to acquire new subscribers and increase the enrollment of chit fund schemes.
• Educate prospective customers about the benefits, features, and terms of the chit fund, ensuring they understand how the system works and how it can meet their financial needs.
• Maintain long-term relationships with clients through regular follow-ups and customer service, ensuring high levels of satisfaction and retention.
• Meet or exceed monthly, quarterly, and annual sales targets related to new customers, subscriptions, and scheme enrollments.
• Drive revenue growth by ensuring the successful conversion of leads into active subscribers and ensuring clients renew or expand their participation.
• Build relationships with corporations or business entities to offer chit fund schemes to their employees as a savings or investment tool.
• Participate in industry events, conferences, and seminars to generate leads, build a professional network, and enhance the company's brand visibility.
• Ensure that all business development activities comply with industry regulations, financial standards, and internal policies.
• Ensure the proper completion of all required documentation related to customer onboarding, contracts, and legal formalities.
• Work closely with the marketing, sales, and operations teams to align business development efforts with organizational goals.
• If managing a team, provide leadership, guidance, and motivation to sales representatives or junior team members to meet targets.

Qualifications:

• At least 3-5 years of experience in business development, sales, or marketing, preferably in the financial services or chit fund industry.
• Strong understanding of the chit fund business model, investment products, and the regulatory landscape of the financial sector.
• Proven track record of achieving sales targets, closing deals, and managing customer relationships.
• Ability to negotiate terms, close deals, and manage customer expectations effectively.
• Ability to analyze market data, customer behavior, and business trends to make informed decisions.
• Familiarity with CRM software, MS Office Suite, and other sales-related tools.
• A bachelor’s degree in Business Administration, Finance, Marketing, or related field is preferred. An MBA is a plus.

Job Type: Full-time

Pay: ₹25,000.00 - ₹30,000.00 per month

Benefits:

• Food provided

Education:

• Bachelor's (Required)

Experience:

• Business development: 3 years (Required)
• total work: 3 years (Required)

Language:

• English (Preferred)

Work Location: In person