Sales Manager Deposits

Company Overview

Peoples Mutual Cooperative Credit Society Ltd. offers financial products and services, including Fixed Deposits. We are looking for an experienced and target-oriented Branch Manager to lead deposit mobilization, customer acquisition, branch business development and team performance.

Key Responsibilities

• Manage overall branch activities with a primary focus on Fixed Deposit mobilization.
• Achieve monthly and quarterly deposit mobilization targets.
• Develop new business opportunities by identifying potential deposit customers.
• Generate leads through direct marketing, customer references, field visits and local networking.
• Promote Fixed Deposit schemes and explain interest rates, tenure, maturity benefits and applicable terms to customers.
• Build and maintain strong relationships with individual investors, business owners and high-value deposit customers.
• Identify and acquire HNI customers and bulk deposit opportunities.
• Lead, guide and motivate the branch sales and marketing team to achieve deposit targets.
• Allocate individual targets and monitor daily, weekly and monthly performance.
• Conduct customer meetings, promotional activities and local marketing campaigns.
• Ensure timely follow-up with existing customers for FD renewals and additional investments.
• Maintain a strong customer database and ensure regular follow-ups with prospective customers.
• Ensure accurate collection and processing of deposit applications and KYC documentation.
• Coordinate with the Head Office for FD processing, receipts, renewals and customer service.
• Ensure transparency in customer communication and compliance with company policies.
• Handle customer queries, complaints and service-related issues.
• Monitor branch expenses, productivity and overall business performance.
• Prepare and submit daily, weekly and monthly deposit business reports to management.
• Monitor competitor activities and identify opportunities to improve deposit business.
• Ensure proper documentation, record maintenance and audit compliance.

Key Performance Indicators (KPIs)

• Monthly Fixed Deposit mobilization.
• New deposit customer acquisition.
• HNI and bulk deposit generation.
• FD renewal ratio and customer retention.
• Branch revenue and business growth.
• Team productivity and target achievement.
• Lead conversion ratio.
• Customer relationship management.
• Documentation and compliance.

Eligibility

• Qualification: Graduate in any discipline.
• Experience: 3 to 7 years of experience in Banking, NBFC, Cooperative Credit Societies or Financial Services.
• Prior experience in Fixed Deposit mobilization, CASA, liability sales or investment product sales is preferred.
• Proven experience in achieving deposit mobilization targets.
• Experience in handling and managing a sales team.
• Strong knowledge of customer acquisition and relationship management.
• Good communication, negotiation and leadership skills.
• Strong local market knowledge and networking abilities.

Desired Skills

• Fixed Deposit Sales & Mobilization
• Business Development
• Customer Acquisition
• HNI Customer Handling
• Team Management
• Sales & Marketing
• Customer Relationship Management
• Lead Generation & Conversion
• Target Achievement
• Branch Administration

Compensation