Managing Director / Chief Executive Officer (CEO) at Ave Maria Multipurpose Investment Limited (AMMIL)

Ave Maria Multipurpose Investment Limited (AMMIL), a micro-credit institution of the Catholic Diocese of Oyo was established in September 2018 to provide soft loans to small business owners at the diocesan coverage areas. The institution is a metamorphosis of the defunct Entrepreneurship Development Programme (EDP) of the Justice Development and Peace Movement (JDPM) Oyo which trains youth, women, and other less privileged people in the society the basic and viable business of tie and dye, tailoring, bead making, liquid soap among others.

We are recruiting to fill the position below:

Job Title: Managing Director / Chief Executive Officer (CEO)

Location: Oyo Central Zone Senatorial District of Nigeria - Oyo
Employment Type: Full-time

Role Overview

• Currently, we are in search of an innovative and forward-thinking Managing Director who can steer our microfinance bank towards great achievements.
• As the Managing Director, you will be responsible for the overall strategic direction, leadership, and management of the microfinance bank.
• You will drive growth and expansion, ensure operational efficiency, maintain regulatory compliance, and lead a diverse team to achieve the bank's mission and objectives.

Key Responsibilities
Strategic Leadership:

• Develop and execute a comprehensive strategic plan that aligns with the bank's vision, mission, and values.
• Identify growth opportunities and expansion strategies to increase the bank's market presence and impact.

Financial Management:

• Oversee financial performance, budgets, and forecasts, ensuring profitability and sustainable growth.
• Implement effective risk management strategies and maintain a strong credit quality portfolio.
• Monitor key financial indicators and take proactive measures to address any deviations.

Operational Excellence:

• Streamline operational processes to enhance efficiency, customer experience, and service delivery.
• Maintain a robust internal control framework and ensure compliance with industry regulations and standards.

Team Leadership:

• Foster a positive and collaborative work environment, leading and inspiring a diverse team of professionals.
• Provide coaching and professional development opportunities to ensure the team's continuous growth.

Customer Engagement:

• Enhance customer relationships and ensure the bank's products and services are aligned with customer needs.
• Drive customer retention and satisfaction by promoting excellent service quality.

Market Expansion:

• Identify potential markets and segments for expansion, conducting market research and feasibility studies.
• Develop and execute market entry strategies to successfully launch new branches or units.

Technology and Innovation:

• Stay abreast of technological advancements in the financial sector and leverage innovative solutions to improve operational efficiency and customer experience.
• Drive digital transformation initiatives to enhance the bank's competitive advantage.

Regulatory Compliance:

• Ensure adherence to all relevant regulatory guidelines and industry standards.
• Liaise with regulatory bodies and maintain strong relationships to stay updated on changes and requirements.

Qualifications

• Bachelor's Degree in Accounting, Finance, Business Administration, Economics, or a related field.
• 10 years of progressive experience in Microfinance Bank with a minimum of 7 years in a leadership role.
• Must have undergone the Microfinance Certification Programme and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).

Competency and Skill Requirements:

• A proven record of success in senior management level, preferably in the microfinance banking industry.
• Strong understanding of microfinance operations, risk management, and regulatory compliance.
• Proven track record of successfully leading teams and driving growth in a financial institution.
• Excellent interpersonal and communication skills, both written and verbal.
• Strategic thinker with the ability to make data-driven decisions.
• Demonstrated ability to manage change and navigate a dynamic environment.
• Proficiency in utilizing technology and digital tools for business enhancement.
• Excellent analytical and problem-solving skills.

Application Closing Date
30th March, 2024.

How to Apply
Interested and qualified candidates should send an email containing their CV to: [email protected] with the position being applied for as the subject of the email.

Note: Multiple Applications may result in disqualification. Only successful candidates will be contacted.