Sales Manager Deposits (Visakhapatnam)

Sales Manager Deposits (Visakhapatnam)

01 Nov
|
Peoples Cooperative Society
|
Visakhapatnam

01 Nov

Peoples Cooperative Society

Visakhapatnam

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.
- Solid 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

📌 Sales Manager Deposits (Visakhapatnam)
🏢 Peoples Cooperative Society
📍 Visakhapatnam

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