📌 Core Information
🔹 Job Title: Acquisition Manager - RL SALES (Sales)
🔹 Company: Kotak Mahindra Bank
🔹 Location: Sagwan, Maharashtra, India
🔹 Job Type: Full time
🔹 Category: Banking & Finance
🔹 Date Posted: June 12, 2025
🔹 Experience Level: 5-10 years
🔹 Remote Status: On-site
🚀 Job Overview
Key aspects of this role include:
- Enhancing deposit pool from customers
- Managing branch team productivity and morale
- Selling non-deposit products and cross-selling targets
- Ensuring regulatory compliance and managing P&L
ASSUMPTION: This role requires a balance of sales, management, and regulatory compliance skills. The ideal candidate will have a proven track record in retail banking sales and team leadership.
📋 Key Responsibilities
✅ Enhance deposit pool from customers through targeted sales strategies
✅ Manage and motivate branch team members to achieve sales targets and maintain high customer satisfaction
✅ Sell non-deposit products, including mutual funds and insurance, to meet fee income targets
✅ Ensure regulatory compliance and manage branch administration tasks
✅ Oversee branch break-even and P&L, making data-driven decisions to improve profitability
ASSUMPTION: The role involves a mix of strategic planning, tactical execution, and team management. Strong leadership and sales skills are essential for success in this position.
🎯 Required Qualifications
Education: MBA, CA, or CAIB
Experience: Overall 6 years of banking experience, with 3-4 years in Retail Liabilities and proven sales experience
Required Skills:
- Proven leadership skills with a thinker-doer mindset (40:60)
- In-depth understanding of financial instruments, markets, and macro-micro economic processes
- Ability to manage and motivate teams to achieve sales targets
- Strong regulatory compliance knowledge
- Excellent communication and interpersonal skills
Preferred Skills:
- Experience in product management, marketing, or service enhancement
- Bilingual or multilingual proficiency (English is required)
ASSUMPTION: While the role requires a specific educational background, relevant experience and skills are more important for success in this position.
💰 Compensation & Benefits
Salary Range: INR 15-20 lakhs per annum (Estimated based on industry standards for a similar role and experience level)
Benefits:
- Medical and health insurance
- Retirement benefits
- Employee stock options
- Performance-based bonuses
Working Hours: Full-time, Monday to Friday, with occasional weekend work as needed
ASSUMPTION: The salary range is estimated based on industry standards for a similar role and experience level. Actual compensation may vary based on individual performance and company policies.
📌 Applicant Insights
🔍 Company Context
Industry: Kotak Mahindra Bank is one of India's leading banks, offering a wide range of financial services, including banking, capital markets, stock broking, mutual funds, life insurance, and investment banking.
Company Size: Kotak Mahindra Bank has over 10,000 employees, providing a large and diverse work environment.
Founded: Kotak Mahindra Bank was founded in 1985 and received a banking license in 2003.
Company Description:
- Kotak Mahindra Bank is known for its strong focus on customer service and innovation
- The bank offers a wide range of products and services to cater to the diverse financial needs of individuals and the corporate sector
- Kotak Mahindra Bank has a strong presence in India and internationally, with offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius, and Singapore
Company Specialties:
- Retail Banking
- Corporate & Investment Banking
- Capital Markets
- Life Insurance
- Mutual Funds
Company Website: http://www.kotak.com
ASSUMPTION: Kotak Mahindra Bank's large size and diverse offerings provide ample opportunities for career growth and development.
📊 Role Analysis
Career Level: Mid-level management
Reporting Structure: The Acquisition Manager reports directly to the Branch Manager or Regional Sales Head
Work Arrangement: On-site, with occasional remote work for meetings or training
Growth Opportunities:
- Progression to Senior Manager or Branch Manager roles
- Expansion into corporate banking, investment banking, or other specialized areas
- International assignments or expatriate opportunities
ASSUMPTION: This role offers strong growth potential for candidates with proven performance and leadership skills.
🌍 Location & Work Environment
Office Type: Branch office, with a professional and collaborative work environment
Office Location(s): Sagwan, Maharashtra, India
Geographic Context:
- Sagwan is a suburban area in Maharashtra, with a mix of residential and commercial developments
- The location offers easy access to major cities and transportation networks
- The region has a tropical climate, with hot and humid summers and mild winters
Work Schedule: Full-time, with flexible hours to accommodate customer needs and sales targets
ASSUMPTION: The work environment is dynamic and fast-paced, with a strong focus on customer service and sales performance.
💼 Interview & Application Insights
Typical Process:
- Online application and resume screening
- Phone or video interview with the HR department
- Face-to-face interview with the hiring manager or branch manager
- Background check and reference verification
Key Assessment Areas:
- Sales and leadership skills
- Regulatory compliance knowledge
- Problem-solving and decision-making abilities
- Communication and interpersonal skills
Application Tips:
- Highlight your sales experience and achievements in retail banking
- Tailor your resume to emphasize relevant skills and qualifications
- Prepare for behavioral interview questions that focus on sales, team management, and problem-solving
ATS Keywords: Retail Banking, Sales, Team Management, Regulatory Compliance, P&L, Customer Service, Branch Administration, Mutual Funds, Insurance
ASSUMPTION: The application process is competitive, and candidates with strong sales experience and leadership skills will have the best chances of success.
🛠️ Tools & Technologies
- Core Banking System (CBS)
- Customer Relationship Management (CRM) software
- Sales performance tracking tools
- Microsoft Office Suite (Word, Excel, PowerPoint)
ASSUMPTION: Familiarity with banking software and tools is essential for success in this role.
👔 Cultural Fit Considerations
Company Values:
- Customer-centricity
- Integrity and ethical conduct
- Excellence and innovation
- Respect and teamwork
Work Style:
- Dynamic and fast-paced
- Results-driven and performance-oriented
- Collaborative and team-focused
Self-Assessment Questions:
- Do you have a proven track record of success in retail banking sales?
- Are you comfortable working in a fast-paced, target-driven environment?
- Do you possess strong leadership and team management skills?
ASSUMPTION: Candidates who align with Kotak Mahindra Bank's values and work style will be the best fit for this role.
⚠️ Potential Challenges
- Meeting aggressive sales targets in a competitive market
- Managing regulatory compliance in a dynamic business environment
- Balancing the demands of sales, team management, and branch administration
- Adapting to changes in the banking industry and regulatory landscape
ASSUMPTION: The role presents unique challenges that require strong sales, leadership, and adaptability skills.
📈 Similar Roles Comparison
- Unlike other sales roles, this position requires a balance of sales, management, and regulatory compliance skills
- In the banking industry, sales roles often have high targets and competitive markets
- Career progression in banking typically involves moving into management or specialized roles
ASSUMPTION: This role offers a unique blend of responsibilities and growth opportunities compared to other sales positions in the banking industry.
📝 Sample Projects
- Developing and implementing a targeted sales strategy to enhance deposit pool
- Managing and motivating the branch team to achieve sales targets and maintain high customer satisfaction
- Overseeing branch administration tasks and ensuring regulatory compliance
ASSUMPTION: These sample projects reflect the key responsibilities and requirements of the role, providing insight into the day-to-day tasks and challenges faced by the Acquisition Manager.
❓ Key Questions to Ask During Interview
- What are the key priorities for this role in the first 90 days?
- How does the company support the professional development and growth of its employees?
- What is the company's approach to work-life balance, and how is it supported in this role?
- How does the company measure and evaluate the performance of the Acquisition Manager?
- What are the most significant challenges facing the branch or region, and how can this role address them?
ASSUMPTION: These interview questions help candidates better understand the role, the company, and the expectations for success in this position.
📌 Next Steps for Applicants
To apply for this position:
- Submit your application through this link
- Tailor your resume to highlight your sales experience, leadership skills, and relevant qualifications
- Prepare for interview questions that focus on your sales experience, team management, and problem-solving skills
- Follow up with the HR department one week after submitting your application to confirm receipt and inquire about the next steps
⚠️ This job description contains AI-assisted information. Details should be verified directly with the employer before making decisions.
