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BUSINESS DEVELOPMENT EXECUTIVE

1-3 Years
SGD 5,400 - 6,400 per month
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  • Posted 2 days ago
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Job Description

Key Responsibilities

1. Sales & Revenue Growth

  • Acquire new customers and increase footfall for FX transactions (currency exchange, remittances, prepaid cards, etc.).

  • Promote and upsell FX products based on market trends and customer demand.

  • Achieve monthly and quarterly sales and revenue targets.

  • Conduct market research to identify new business opportunities and competitive gaps.

2. Corporate & Institutional Partnerships

  • Identify and onboard corporate clients such as travel agencies, tour operators, SMEs, exporters/importers, and educational consultants.

  • Draft proposals, negotiate rates, and manage contracts with corporate partners.

  • Maintain strong business relationships to retain and increase transaction volumes.

3. Customer Relationship Management

  • Provide excellent service to walk-in and corporate customers.

  • Manage key accounts and ensure smooth FX transaction processes.

  • Handle customer queries related to exchange rates, documentation, and compliance requirements.

4. Market & Rate Monitoring

  • Monitor daily currency movements and collaborate with treasury/rates team to offer competitive rates.

  • Track competitor pricing and promotions to stay ahead of the market.

  • Analyze customer demand for various currencies and recommend inventory strategies.

5. Marketing & Promotions

  • Plan and execute marketing campaigns (online/offline) to increase brand visibility.

  • Support the development of promotional materials, rate boards, and digital content.

  • Coordinate with management on seasonal campaigns (holiday seasons, travel peaks).

6. Compliance & Risk Awareness

  • Understand and adhere to local regulatory requirements (AML/KYC, central bank guidelines).

  • Ensure all sales practices follow compliance standards.

  • Educate clients on required documentation and ensure accurate verification.

7. Reporting & Documentation

  • Maintain an updated sales pipeline and weekly performance reports.

  • Prepare business development presentations and insights on customer trends.

  • Document corporate agreements, customer profiles, and sales activities.

Key Skills & Competencies

  • Strong communication, negotiation, and presentation skills.

  • Customer service orientation.

  • Understanding of foreign exchange products and basic financial concepts.

  • Market research and competitive analysis abilities.

  • Relationship-building and networking skills.

  • Ability to work under pressure and meet sales targets.

Qualifications & Experience

  • Bachelor's degree in Business, Marketing, Finance, or related field.

  • Experience in money changing, banking, FX brokerage, remittance, or financial services (1-3 years preferred).

  • Knowledge of AML/KYC guidelines is an advantage.

  • Proficiency in Microsoft Office and CRM tools.

Performance Indicators (KPIs)

  • Monthly sales revenue and transaction volume.

  • Number of new corporate accounts onboarded.

  • Customer satisfaction and retention rates.

  • Accuracy in compliance documentation.

  • Market share growth and competitiveness in pricing initiatives.

More Info

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Job ID: 135092699

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