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Freelancer

Banking, Financial Services and Insurance | Business Development Executive

~15,000 p.m | HSC | Thoothukudi

TUTICORIN

Gender : All | Age Limit - 23-35 | Openings - 5 | Experience - Fresher | Job Type - Regular
ADHITHYA FINSERV
Posted Jobs Count : 2
Open Until : 10-01-2025
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Description

A Freelancer Business Development Executive working for a bank loan service provider focused on personal loans has a challenging role in generating leads, building relationships, and driving loan applications. Below are the key duties and responsibilities:

1. Lead Generation

  • Identify potential customers interested in availing personal loans.
  • Use online platforms, social media, and offline networks to generate quality leads.
  • Develop partnerships with agents, financial advisors, and other intermediaries to acquire leads.

2. Customer Engagement and Relationship Management

  • Build rapport with clients to understand their financial needs and requirements.
  • Educate customers about personal loan products, eligibility criteria, and repayment terms.
  • Handle inquiries, clarify doubts, and provide solutions tailored to customers’ needs.

3. Loan Application Assistance

  • Guide customers through the loan application process, ensuring all documents are correctly submitted.
  • Verify application details to ensure accuracy and compliance with bank policies.
  • Coordinate with the bank’s loan processing team to expedite approvals.

4. Marketing and Promotions

  • Promote personal loan offerings through social media, digital campaigns, and other marketing channels.
  • Participate in events, workshops, or campaigns to increase brand visibility.
  • Leverage word-of-mouth referrals and testimonials to attract new clients.

5. Market Analysis and Strategy Development

  • Monitor industry trends, competitor activities, and changes in loan products or interest rates.
  • Provide insights to the loan service provider to enhance product offerings or marketing strategies.
  • Suggest new methods to improve lead conversion rates.

6. Compliance and Reporting

  • Ensure adherence to all regulatory and bank policies during the loan process.
  • Maintain confidentiality of client information as per legal and ethical standards.
  • Prepare and submit regular progress reports, including lead status, loan disbursal rates, and challenges faced.

7. Revenue Generation and Target Achievement

  • Meet assigned sales and revenue targets through successful loan closures.
  • Identify cross-selling opportunities for other financial products like insurance or credit cards.
  • Negotiate and manage commissions or fees with the loan service provider.

8. Client Retention

  • Provide post-loan-disbursal support to address client queries or issues.
  • Maintain a database of existing clients for future engagement and cross-selling opportunities.
  • Build long-term relationships to ensure client loyalty and repeat business.

9. Collaboration and Coordination

  • Work closely with the bank’s sales and credit team to ensure smooth processing.
  • Share feedback and suggestions to streamline customer acquisition processes.
  • Maintain open communication with the service provider to align goals and expectations.

This role requires a mix of sales, customer service, and strategic thinking skills, with a strong emphasis on achieving targets while maintaining high customer satisfaction.

Skills

  • Field Executive - Data and Document Collection or Verification 
  • Loan Processing Officer
  • Market Research Associate
  • Research Associate

Additional Skills


Negotiation, public speaking

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   9499966018 .

   tnprivatejobs@gmail.com .

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