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Business Growth and Development Manager

Faulu Microfinance Bank

Posted 4 months agoMumias, Kenya

Location

Mumias, Kenya

Job Type

Full-time

Experience

Senior

Category

Banking

Job Description

Faulu Microfinance Bank (Faulu MFB) is a licensed microfinance bank and subsidiary of Old Mutual Kenya, offering financial services to individuals, SMEs, and MSMEs across Kenya. Faulu is committed to financial inclusion, providing accessible credit, savings, insurance, and digital banking solutions. The Business Growth and Development Manager leads branch performance, drives customer acquisition, and ensures sustainable portfolio growth across all products and services. Initiate, nurture, and ensure profitable business relationships and partnerships with customers, community organizations, and stakeholders
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Requirements

  • Bachelor's degree in a business-related field from a recognized university
  • Minimum 6 years of experience with at least 3 years in a managerial role with a proven track record
  • Experience in lending and credit management is required
  • Experience in a microfinance institution (MFI) or financial institution is essential
  • Master's in Business or a related field is preferred
  • Advanced training in Business Management is an advantage
  • Strong leadership and team management skills
  • Excellent relationship management and business development capabilities
  • Knowledge of AML, KYC, and banking compliance requirements

Responsibilities

  • Develop and implement branch business initiatives and turnaround strategies aligned with Faulu's business strategy
  • Lead business growth and development of the branch, agencies, and alternative service outlets
  • Drive sales of all products and services at branch level through leadership and motivation of the sales team
  • Monitor changing customer needs and competitor activity to keep the bank competitive
  • Manage and grow the branch's business portfolio (assets and liabilities) to achieve income targets
  • Drive customer growth and retention through quality client recruitment, onboarding, and cross-selling
  • Develop competitive marketing strategies to enhance brand visibility in the marketplace
  • Ensure branch compliance with all regulatory, credit, and operational policies
  • Mentor and develop branch staff to improve performance and deliver superior results