Business Development Officer at TIB Development Bank

Job description

TIB Development Bank Limited is Development Finance Institutions (DFI) wholly owned by the Government of United Republic of Tanzania. The bank has been established and exists under the Companies Act, 2002. The focus of TIB Development Bank as a premier national DFI is on national projects that aim at the attainment of the Tanzanian Development Vision 2025. The bank’s mandate is to support the Government in achieving rapid economic growth through the development of industries, infrastructure, services sectors, as well as oil and gas sectors. In this regard, activities of TIB Development Bank have specifically expanded and the bank now invites suitable, qualified, and skilled applicants to fill the vacant position: –

Business Development Officer at TIB Development Bank  

Position Name: Business Development Officer 

TIB Development Bank – Tanzania

Dar es Salaam

Nature and Scope

Business development is the process of planning for future growth by identifying new opportunities, forming partnerships, and adding value to a Bank. The successful candidate will be reporting to Manager Business Development. S/he will be responsible for identifying and collecting pertinent information on new business opportunities for the bank and developing effective and sustainable relationships with the bank’s clients.

Key Responsibilities

• To identify and collect pertinent information on new business opportunities for the bank.
• To develop and maintain effective and sustainable working relationships with the bank’s clients.
• To identify, track and add qualified prospects to sales pipeline.
• To understand and apply policies, laws and regulations that govern provision of the bank’s services
• To develop awareness of products and services offered and present TIB services in a distinctive manner.
• To contribute ideas regarding products, processes and procedures relating to the bank’s development financing services.
• To analyze financial reports and forecasts presented by customers as part of loan applications
• To prepare proposals in the form of memorandum and submit for management decision regarding customer applications for financing.
• To coordinate sales teams to develop mutually beneficial proposals
• To negotiate contract terms with clients and communicate with stakeholders
• To monitor project teams to ensure contracts are executed as agreed
• To gather useful information from customer and competitor data
• To make and give presentations to prospective clients and internal executives
• To create and implement processes and policies to support the overall business
• To track and report on the status of proposal components
• To conduct ongoing market research
• To drive the end-to-end sales process, prepare and submit sales contracts

Educational Qualifications:

• A holder of Degree in either Business Administration, Economics, Accounting, Commerce or Agribusiness, master’s degree in business, Commerce, Finance, Accounting, Economics or in any relevant technical area is added advantage.
• Working experience, skills, and knowledge:
• At least 4-years proven and demonstrable working experience in the financial services sector.
• Having relevant skills in credit & financial analysis
• Proven experience in business/ credit appraisals
• Having relevant skills in financial services and project management
• Knowledge of the financial services sector regulatory framework
• Sound knowledge in identifying and managing partner relationships.
• Ability to work against tight deadlines.
• Having skills of engaging teams for delivery of results

REMUNERATION

• TIB Development Bank Limited is an equal opportunity employer. The bank offers an attractive remuneration package, career development opportunities and an excellent working environment.

MODE OF APPLICATION

Applications should be accompanied with: –

• An application letter.
• Detailed Comprehensive Curriculum Vitae (CV)
• Certified Copies of relevant certificates and awards.
• Indicating your contact address such as telephone number(s) and email address(s) if available.
• Names and full addresses of (3) referees.

CLOSING DATE OF APPLICATIONS WILL BE ON MONDAY OF 19th JULY 2024

Managing Director,

TIB Development Bank,

Mlimani City Office Park,

Sam Nujoma Road, Ubungo P.O.BOX 9373,

DAR ES SALAAM.