Deputy Manager-Acquisition (Current Account)

📌 Core Information

🔹 Job Title: Deputy Manager-Acquisition (Current Account)

🔹 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 current account customers through various channels
• Managing relationships with existing customers to increase engagement
• Understanding customer financial needs and recommending suitable products
• Achieving individual and team targets for current account acquisition and revenue generation
• Ensuring compliance with regulatory and internal policies and procedures

ASSUMPTION: This role requires a strong sales and business development background in the banking or financial services industry. The ideal candidate will be highly motivated, results-driven, and comfortable working in a target-driven environment.

📋 Key Responsibilities

✅ Identify and acquire new current account customers through cold calling, referrals, and networking

✅ Build and maintain relationships with existing customers to increase their engagement with the bank

✅ Understand the financial needs of customers and recommend suitable products and services

✅ Achieve individual and team targets for current account acquisition and revenue generation

✅ Ensure compliance with all regulatory and internal policies and procedures

✅ Collaborate with other departments and teams to provide a seamless customer experience

✅ Keep abreast of market trends and competition to identify new business opportunities

✅ Provide regular reports and updates on sales activities and performance to the branch manager

ASSUMPTION: The role requires a strong focus on sales and customer service, with a proven track record of meeting and exceeding sales targets.

🎯 Required Qualifications

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

Experience: Minimum 2 years of experience in sales and business development in the banking or financial services industry

Required Skills:

• Excellent communication and interpersonal skills
• Ability to work in a target-driven environment
• Strong negotiation and relationship management skills
• Knowledge of current account products and services

Preferred Skills:

• Proficiency in local language (Gujarati)

ASSUMPTION: Candidates with relevant experience in sales and business development within the banking or financial services industry are strongly preferred. Knowledge of current account products and services is essential for this role.

💰 Compensation & Benefits

Salary Range: INR 6-8 lakhs per annum (Estimated based on industry standards for similar roles and experience levels)

Benefits:

• Medical insurance
• Retirement benefits
• Employee stock options
• Performance-based incentives

Working Hours: Monday to Saturday, 9:30 AM to 6:00 PM (with a 1-hour lunch break)

ASSUMPTION: The salary range provided is an estimate based on industry standards for similar roles and experience levels. Actual compensation may vary based on the candidate's qualifications and the company's internal policies.

📌 Applicant Insights

🔍 Company Context

Industry: Banking

Company Size: 10,001+ employees

Founded: 2015

Company Description:

• IDFC FIRST Bank is a leading private sector bank in India, committed to providing innovative and customer-centric financial solutions
• The bank offers a wide range of products and services, with a strong focus on retail banking
• IDFC FIRST Bank is known for its ethical, customer-friendly, and technology-led banking principles

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 is a well-established financial institution with a strong presence in the Indian banking industry. The company is known for its innovative and customer-centric approach to banking.

📊 Role Analysis

Career Level: Mid-level management

Reporting Structure: Reports directly to the Branch Manager

Work Arrangement: On-site, with a 5-day workweek

Growth Opportunities:

• Progression to Senior Manager or Manager roles within the acquisition team
• Expansion into other banking or financial services roles within the organization
• Development of leadership and management skills through mentoring and training programs

ASSUMPTION: This role offers significant growth opportunities for the right candidate, with the potential to progress to senior management positions within the acquisition team or explore other banking and financial services roles within the organization.

🌍 Location & Work Environment

Office Type: Branch office

Office Location(s): Ahmedabad, Gujarat, India

Geographic Context:

• Ahmedabad is the largest city in the Indian state of Gujarat, with a population of over 6 million
• The city is known for its rich cultural heritage, historical sites, and vibrant food scene
• Ahmedabad has a tropical savanna climate, with hot summers and mild winters

Work Schedule: Monday to Saturday, with a 1-hour lunch break

ASSUMPTION: The work environment is fast-paced and target-driven, with a strong focus on sales and customer service. The office is located in a bustling urban area, with easy access to public transportation and amenities.

💼 Interview & Application Insights

Typical Process:

• Online application submission
• Phone or video screening
• Face-to-face interview with the hiring manager
• Final decision and offer

Key Assessment Areas:

• Sales and business development skills
• Communication and interpersonal skills
• Problem-solving and analytical skills
• Cultural fit and motivation

Application Tips:

• Tailor your resume to highlight your sales and business development experience in the banking or financial services industry
• Prepare examples of your past sales achievements and how you overcame challenges
• Research the company and the role to demonstrate your understanding of the business and your fit for the position

ATS Keywords: Sales, Business Development, Current Account Products, Communication, Interpersonal Skills, Negotiation, Relationship Management, Target-Driven Environment, Market Trends, Customer Engagement, Compliance, Networking, Reporting, Financial Needs Assessment, Collaboration

ASSUMPTION: The application process is competitive, with a strong focus on sales and business development skills. Candidates should be prepared to demonstrate their past sales achievements and their fit for the role and the company.

🛠️ Tools & Technologies

• Salesforce
• Microsoft Office Suite
• Google Workspace
• CRM software

ASSUMPTION: The role requires proficiency in CRM software and other sales and customer service tools. Familiarity with Salesforce and Microsoft Office Suite is preferred.

👔 Cultural Fit Considerations

Company Values:

• Customer-centricity
• Integrity
• Innovation
• Collaboration
• Excellence

Work Style:

• Target-driven
• Results-oriented
• Collaborative
• Adaptable
• Customer-focused

Self-Assessment Questions:

• Do you have a proven track record of meeting and exceeding sales targets in a target-driven environment?
• Are you comfortable working in a fast-paced and dynamic work environment?
• Do you have strong communication and interpersonal skills, with the ability to build and maintain relationships with customers and colleagues?
• Are you motivated by a strong desire to succeed and a passion for sales and customer service?

ASSUMPTION: IDFC FIRST Bank values candidates who are customer-centric, results-driven, and collaborative. The ideal candidate will be motivated by a strong desire to succeed and a passion for sales and customer service.

⚠️ Potential Challenges

• Meeting and exceeding sales targets in a competitive market
• Managing a high volume of customer interactions and maintaining customer satisfaction
• Adapting to a fast-paced and dynamic work environment
• Balancing sales and customer service responsibilities

ASSUMPTION: The role presents significant challenges, including meeting and exceeding sales targets in a competitive market and managing a high volume of customer interactions. Candidates should be prepared to work in a fast-paced and dynamic work environment and balance sales and customer service responsibilities.

📈 Similar Roles Comparison

• Similar roles in other banks and financial services institutions may have different target structures and customer bases
• IDFC FIRST Bank is known for its ethical, customer-friendly, and technology-led banking principles, which may set it apart from other employers in the industry
• Career progression opportunities may vary depending on the organization's structure and growth plans

ASSUMPTION: While similar roles in other banks and financial services institutions may have different target structures and customer bases, IDFC FIRST Bank is known for its ethical, customer-friendly, and technology-led banking principles, which may set it apart from other employers in the industry. Career progression opportunities may vary depending on the organization's structure and growth plans.

📝 Sample Projects

• Developing and implementing a targeted marketing campaign to acquire new current account customers
• Analyzing customer data to identify trends and opportunities for product upselling and cross-selling
• Collaborating with other departments to improve the customer onboarding process and increase customer satisfaction

ASSUMPTION: The role may involve developing and implementing targeted marketing campaigns to acquire new current account customers, analyzing customer data to identify trends and opportunities for product upselling and cross-selling, and collaborating with other departments to improve the customer onboarding process and increase customer satisfaction.

❓ 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 are the most challenging aspects of the role, and how have previous incumbents succeeded in overcoming them?
• How does the company measure success for this role, and what are the key performance indicators?
• What is the company's approach to work-life balance, and how does it support employees in achieving this?

ASSUMPTION: Candidates should ask questions that demonstrate their interest in the role and the company, as well as their understanding of the challenges and opportunities presented by the position. Questions about the company's approach to professional development, work-life balance, and performance measurement can provide valuable insights into the company culture and the expectations for the role.

📌 Next Steps for Applicants

To apply for this position:

• Submit your application through this link
• Tailor your resume to highlight your sales and business development experience in the banking or financial services industry
• Prepare examples of your past sales achievements and how you overcame challenges
• Research the company and the role to demonstrate your understanding of the business and your fit for the position
• Follow up with the hiring manager within 7 days of submitting your application to confirm receipt and express your interest in the role

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