LAPO Microfinance Bank Limited Management Trainee for Savings Mobilization

LAPO Microfinance Bank Limited is a pro-poor financial institution committed to the empowerment of low-income Nigerians through access to responsive financial services delivered on a sustainable basis. The institution was founded as a non-profit entity by Mr. Godwin Ehigiamusoe while working as a Rural Co-operative Officer in Delta State, Nigeria. In 2010, LAPO set up a microfinance bank and transferred the bulk of its microfinance operations to the new institutional vehicle.

LAPO Microfinance Bank Ltd., in partnership with the German AFOS Foundation, and the German Catholic Entrepreneurs Association (BKU) is implementing a project co-financed by the German Government to strengthen LAPO’s capacity to promote qualitative growth and efficiently manage the quality of its services. Focus is on ensuring efficient management of resources, personnel development as well as improving LAPO’s capacity to provide further training to other microfinance institutions.

We are firmly committed to providing equal employment opportunities. We encourage all qualified persons to apply for posted position.

Position: Management-Trainee for Savings Mobilization

Ref: LMGTS04
Location: Benin

Institution & Project Program Professional Background
Lift Above Poverty Organization Microfinance Bank (LAPO) MFB Ltd. in partnership with the German AFOS Foundation, and the German Catholic Entrepreneurs Association BKU are implementing a project co-financed by the German Government to strengthen LAPO with regards to its capacity, to promote qualitative growth and to efficiently manage the quality of its services. The focus is on the building and expansion of efficient management and personnel development and on improving LAPO’s capacity to provide further training also to other microfinance institutions. Copied from: www.hotnigerianjobs.com

One of the main components of the project is the Trainee-Program.

It is designed to cover a period of twelve months shared between:

• On-the-job training (operations – Field, Branch, Region and Head Office) for about three months;
• Functional information and involvement in projects – about two months;
• Project Management and responsibility – about two months;
• Special training in the functional areas where the future job is planned – about three months;
• Formal training units in the form of seminars and workshops on relevant management skills – two months and continuous after the program.

The project is seeking to recruit a trainee for savings mobilization in operations department

Under the overall guidance and direct supervision of the Head of Field operations, the trainee is expected to rigorously complete the full Trainee-Program and acquire the relevant certifications.

The Trainee is expected to work in close collaboration with the entire operation units of LAPO MFB within the prescribed timeframe and to support project delivery in areas and functions assigned.

Target of training
Next to the intensive academic trainings on general management, inputs on LAPO culture, strategy, structure and systems as well as on-the-job project management capacity building, the focus of professional training is to initiate effective strategy for developing and building the bank’s business in the area of savings

Focus areas of training

• Monitor savings mobilization and savings portfolio performances across branches and regions in relation to budget
• Review branches reports with a view to determining how well they are meeting up with a client recruitment
• Monitor branches to ensure effective adherence to policies and procedures on savings portfolio management (mobilization and withdrawal) and to minimize complains arising from client level of dissatisfaction and adherence to all regulatory requirements
• Work with Client relations unit in addressing complains associated with issues around savings (deposit or withdrawal ) and taking necessary steps to minimizing such complains
• Review branch reports to identify branches with low level/poor performances in terms of saving mobilization and take necessary steps to improving on them
• Ensure that all saving products are given the needed attention and marketing and ensure that they are operational in all branches
• Ensure that targets for savings are set for new branches and updated for existing branches accordingly
• Monitor clients, aspiration and issues and work with Head, Field operations in the development of innovative savings products and excellent service delivery
• Perform other duties and responsibilities assigned by Head, Field operations and Head, Operations from time to time. Copied from: www.hotnigerianjobs.com

Education qualification

• The ideal candidate must possess either Bsc or HND from a reputable institution
• A post graduate degree and/or relevant professional qualification will be an added advantage

Other skills and competences

• Knowledge of industry and economic environment;
• Strategic thinking and analytical skills;
• Managerial and leadership skills;
• Integrity and firmness;
• Team building, people and conflict management skills;
• attention to detail and accuracy;
• strong communication skills;
• information and task monitoring;
• problem analysis;
• Sound mastery in the usage of computers and office software packages (MS Word, ppt., Excel, etc) and knowledge of spreadsheet and database packages, experience in handling of web based management systems;
• Organizational skills, secretarial and office management competences;
• Demonstrate corporate knowledge and sound judgment;
• Self-development, initiative-taking;
• Learning and sharing knowledge; encourage the learning of others.
• Accountable and transparent in all aspects of work;
• Readiness and ability to accommodate flexible working hours;
• Readiness to accommodate travels outside the regular work station (in particular travels to Benin City);
• Judgment/Decision-Making/Problem solving skills
• Stress Tolerance/Performance Under Pressure/Resilience
• Coaching/ influencing and supervisory disposition;
• Ability and readiness to work with people of different nationalities and cultures

Experience

• Not relevant in the case of fresh graduates with the relevant academic qualifications; alternatively
• Minimum of three years in savings mobilization position.

Key performance indicators

• Volume of savings mobilization
• Volume of new clients
• Level of drop out
• Volume of disbursement
• Working with new products initiative and level of implementation of new product concept
• Savings portfolio size

Language: Fluency in English

Age limit: Between 25 and 30 years of age
Start Date: 1st April 2014
Duration of program 12 months

Remuneration
Salary: Competitive and based on qualification

Application Closing Date
5th of March, 2014

Method of Application
Interested and qualified candidates should
Click here to apply online