Deputy Manager-Acquisition (Corporate Salary)

📌 Core Information

🔹 Job Title: Deputy Manager-Acquisition (Corporate Salary)

🔹 Company: IDFC FIRST Bank

🔹 Location: Ahmedabad, Gujarat, India

🔹 Job Type: Full-Time

🔹 Category: Retail Banking

🔹 Date Posted: April 19, 2025

🔹 Experience Level: 2-5 years

🔹 Remote Status: On-site

🚀 Job Overview

Key aspects of this role include:

• Acquiring new corporate salary accounts and maintaining relationships with existing clients
• Understanding and addressing clients' financial needs and providing suitable banking solutions
• Collaborating with other departments for smooth onboarding and servicing of corporate clients
• Meeting and exceeding sales targets and keeping up-to-date with market trends
• Ensuring compliance with banking regulations and policies

ASSUMPTION: This role requires a proactive and results-driven individual with a strong sales background and a solid understanding of corporate banking products and services.

📋 Key Responsibilities

✅ Identify and acquire new corporate salary accounts for the bank

✅ Develop and maintain relationships with corporate clients to generate business

✅ Understand the financial needs of corporate clients and provide them with suitable banking solutions

✅ Collaborate with other departments to ensure smooth onboarding and servicing of corporate clients

✅ Meet and exceed sales targets set by the bank

✅ Keep up-to-date with market trends and competition to identify new business opportunities

✅ Provide excellent customer service and resolve any issues or concerns raised by corporate clients

✅ Ensure compliance with all banking regulations and policies

ASSUMPTION: The role involves a mix of sales, relationship management, and customer service, requiring strong interpersonal and communication skills.

🎯 Required Qualifications

Education: Bachelor's degree in Business Administration, Finance, or a related field

Experience: Minimum of 3 years of experience in corporate sales or relationship management in the banking industry

Required Skills:

• Strong understanding of corporate banking products and services
• Proven track record of meeting and exceeding sales targets
• Excellent communication and interpersonal skills
• Ability to build and maintain relationships with corporate clients
• Knowledge of local market trends and competition
• Strong analytical and problem-solving skills
• Ability to work independently and as part of a team
• Proficient in MS Office and other relevant software

Preferred Skills:

• Experience in handling corporate salary accounts
• Knowledge of local language
• Willingness to travel within the assigned region

ASSUMPTION: Candidates with relevant experience in corporate banking and a strong sales background will be most competitive for this role.

💰 Compensation & Benefits

Salary Range: INR 8-12 lakhs per annum (Estimated based on industry standards for the role and experience level)

Benefits:

• Competitive salary and benefits package
• Opportunities for growth and development within the organization

Working Hours: Full-time position with standard banking hours (Monday to Friday, 9:30 AM to 6:00 PM, with a 1-hour lunch break)

ASSUMPTION: The salary range is an estimate based on industry standards for the role and experience level. Actual salary may vary based on the candidate's qualifications and the company's discretion.

📌 Applicant Insights 🔍 Company Context

Industry: Banking

Company Size: 10,001+ employees (Large enterprise with extensive resources and opportunities for career growth)

Founded: 2015 (Relatively new, with a focus on innovation and digital banking)

Company Description:

• IDFC FIRST Bank is a universal bank offering a comprehensive range of services, including retail, MSME, rural, startup, cash, and wealth management, corporate and government banking, working capital, trade finance, and treasury solutions.
• Committed to ethical, customer-friendly, digital, and socially responsible banking principles, IDFC FIRST Bank simplifies legal jargon, offers zero-fee banking services, and focuses on financial inclusion.
• The bank serves over 40 million customers, with a strong focus on women entrepreneurs, sanitation, and livelihood projects.

Company Specialties:

• Commercial & Wholesale Banking
• Consumer financing
• Banking Services
• Retail Banking
• Investment Banking
• Project Financing

Company Website: http://www.idfcfirstbank.com/

ASSUMPTION: IDFC FIRST Bank's focus on ethical and customer-friendly banking practices makes it an attractive employer for candidates seeking a values-driven work environment.

📊 Role Analysis

Career Level: Mid-level management (Deputy Manager)

Reporting Structure: Reports directly to the Manager-Acquisition (Corporate Salary)

Work Arrangement: On-site, with a possibility of travel within the assigned region

Growth Opportunities:

• Progression to Manager or Senior Manager roles within the Acquisition team
• Expansion into other banking departments or specializations
• Leadership and mentoring opportunities as the team grows

ASSUMPTION: This role offers strong growth potential within the organization, as the bank continues to expand its customer base and services.

🌍 Location & Work Environment

Office Type: Corporate office environment with a mix of open-plan and private workspaces

Office Location(s): Ahmedabad, Gujarat, India

Geographic Context:

• Ahmedabad is the largest city in Gujarat, with a population of over 6 million and a thriving corporate sector
• The city offers a mix of traditional and modern amenities, with a rich cultural heritage and a growing startup ecosystem
• Ahmedabad has a tropical savanna climate, with hot summers and mild winters

Work Schedule: Monday to Friday, 9:30 AM to 6:00 PM, with a 1-hour lunch break

ASSUMPTION: Ahmedabad's vibrant corporate environment and cultural offerings make it an attractive location for banking professionals.

💼 Interview & Application Insights

Typical Process:

• Online application submission
• Phone or video screening
• Face-to-face interview with the hiring manager
• Final round interview with senior management

Key Assessment Areas:

• Sales and business development skills
• Understanding of corporate banking products and services
• Communication and interpersonal skills
• Problem-solving and analytical skills

Application Tips:

• Tailor your resume to highlight relevant experience in corporate sales and banking
• Prepare examples of your sales achievements and how you've exceeded targets
• Demonstrate your understanding of IDFC FIRST Bank's values and commitment to ethical banking

ATS Keywords: Corporate banking, sales, relationship management, customer service, banking regulations, market trends, business development, financial solutions, client needs, networking

ASSUMPTION: IDFC FIRST Bank's interview process is designed to assess candidates' sales skills, banking knowledge, and cultural fit, with a focus on ethical and customer-friendly banking practices.

🛠️ Tools & Technologies

• MS Office Suite (Word, Excel, PowerPoint)
• CRM software (e.g., Salesforce, Zoho CRM)
• Banking-specific software and systems

ASSUMPTION: The role requires proficiency in MS Office Suite and familiarity with banking-specific software and systems.

👔 Cultural Fit Considerations

Company Values:

• Ethical banking practices
• Customer-centric approach
• Digital and socially responsible banking

Work Style:

• Results-driven and proactive
• Strong sales and business development focus
• Collaborative and team-oriented

Self-Assessment Questions:

• How do you align with IDFC FIRST Bank's commitment to ethical and customer-friendly banking practices?
• How comfortable are you with working in a dynamic and growing organization?
• How do your personal work style and values fit with the company's culture and values?

ASSUMPTION: IDFC FIRST Bank's values and work style emphasize ethical banking, customer-centricity, and digital innovation, making it an attractive employer for candidates seeking a values-driven work environment.

⚠️ Potential Challenges

• Meeting and exceeding sales targets in a competitive market
• Adapting to a rapidly growing and evolving organization
• Managing client expectations and resolving issues in a timely manner
• Compliance with banking regulations and policies

ASSUMPTION: The role presents challenges in sales, client management, and regulatory compliance, requiring strong skills and adaptability.

📈 Similar Roles Comparison

• Compared to other corporate banking roles, this position has a stronger focus on sales and business development
• IDFC FIRST Bank's emphasis on ethical and customer-friendly banking sets it apart from other banks in the industry
• This role offers strong growth potential within the organization, as the bank continues to expand its customer base and services

ASSUMPTION: This role offers a unique blend of sales, relationship management, and customer service, with a strong focus on ethical banking practices.

📝 Sample Projects

• Developing and implementing a strategic plan to acquire new corporate salary accounts in a specific region
• Analyzing market trends and competition to identify new business opportunities
• Collaborating with other departments to streamline the onboarding process for new corporate clients

ASSUMPTION: Sample projects in this role involve sales strategy, market analysis, and cross-functional collaboration to drive business growth and improve client experience.

❓ Key Questions to Ask During Interview

• How does the company support the professional development of its employees?
• What are the key priorities for this role in the first 90 days?
• How does the company measure success for this role, and what are the key performance indicators (KPIs)?
• What are the growth opportunities within the Acquisition team and the broader organization?
• How does the company foster a culture of ethical and customer-friendly banking?

ASSUMPTION: Asking insightful questions during the interview demonstrates your interest in the role and allows you to assess the company's commitment to your professional growth and development.

📌 Next Steps for Applicants

To apply for this position:

• Submit your application through this link
• Tailor your resume to highlight relevant experience in corporate sales and banking
• Prepare a cover letter explaining your interest in the role and how your skills and experience make you a strong fit for the position
• Follow up with the hiring manager one week after submitting your application to express your continued interest in the role

⚠️ This job description contains AI-assisted information. Details should be verified directly with the employer before making decisions.