Business Development Executive

Description The individual will spearhead the sales of the bank's merchant acquiring products and solutions, with a focus on maximizing profitability. This role requires a deep understanding of POS and Ecommerce domains to deliver tailored solutions to merchants, from initial sales through to payment implementation. What You ll Do • Develop and execute strategies to achieve predetermined volume and revenue targets for the merchant acquiring business. • Identify potential clients and onboard at least 25 new businesses, achieving a monthly rental of 50k. • Monitor merchant transactions and volumes, creating effective retention strategies to minimize attrition and address merchant dormancy. • Collaborate closely with the SME business team for lead generation and deal closure. • Proactively generate and close independent leads from references. • Ensure all documentation received from merchants meets the bank's requirements and that agreements are properly signed and stamped. • Provide high-quality service to all merchants regarding their merchant/gateway services. • Adhere to prescribed processes for all merchant-related activities, including ecommerce setup, activation, and integration. Update merchant information promptly and handle/process acquirer chargebacks. • Collect adequate documentation in line with KYC policies during new merchant sign-ups to ensure regulatory compliance. • Maintain a working knowledge of the merchant acquiring business and the implementation of all payment solutions offered by the company. • Uphold high standards of confidentiality to protect commercially sensitive information.

Desired Candidate Profile

What We're Looking For • University degree or equivalent qualification. • At least 2 years of relevant experience. • Excellent English communication skills (both spoken and written). Knowledge of Arabic is a significant advantage. • Strong negotiating capabilities. • Comprehensive understanding of the card acquiring business, including modern digital POS channels. • Highly driven and capable of performing under pressure. • Exceptional relationship-building abilities. Apply Now