Business Development Officer – Eldoret

We promote a savings and investment culture while providing affordable credit for the enhancement of the economic and social welfare of our members and other stakeholders

Business Development Officer – Eldoret

JOB PURPOSE

Reporting to the Business Development Manager (BDM), the Business Development Officer (BDO) will undertake Business Development at the branch office. The Business Development Officer will create and plan business impact and development initiatives through member registration and relationship building by understanding the desirable qualities of the targeted groups and offering them the appropriate products and services.

KEY RESPONSIBILITIES

Business Development functions

• In charge of business growth in the region to achieve the agreed set targets.

• Planning, organizing and attending/participating in educational forums to create awareness to the members, youth, churches, Pastors, Groups/House leaders, individual and corporate members to convert them as customers for the Kingdom Sacco.

• Mobilizing deposits from the members to increase liquidity.

• Coordinating the society’s community development initiatives as shall be communicated from time to time.

• Identifying the market segments to be targeted, register members and recommend appropriate strategies for outreaches.

• Ensuring that brand visibility of Kingdom Sacco is well enhanced.

• Identifying cross-selling opportunities at any point of customer interaction and seek to sign them up for Sacco products and services.

• Providing summarized weekly and monthly reports and updates on all business development activities and their outcomes.

• Attending and participating regular operations meetings and providing weekly and monthly reports for use by the management to make decisions.

Credit functions

• Receiving loan applications, verifying completeness and accuracy of the same. Appraise and providing recommendations to the credit department.

• Providing reports for consideration regarding loan rescheduling, restructuring and negotiation proposals from members.

• Actively monitor the performance of the loans at the branch level and following the repayment schedule.

• Scrutinizing delinquent accounts and implementing recovery measures after necessary notices to members as per Sacco procedures.

• Conducting approved member and field visits to monitor project/ Business performance and to determine the member’s financial position in meeting new or ongoing loan repayment obligations.

Operational functions​​​​​​​