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.