Are you an experienced and dynamic professional in the financial services sector? Our client a microfinance bank is seeking a talented individual to join their team as the Managing Director.
In this pivotal role, you will be responsible for overseeing and directing both human and capital resources of the organization towards the achievement of business goals and objectives.
The suitable candidate will provide strategic leadership and coordinate both intra and inter departmental activities in line with the Vision and Mission of the Bank.
Key Responsibilities
Business Oversight:
Carry out regular SWOT analysis to mitigate any potential risks through industry and market changes
Prepare yearly budget for board approval and manage resources within those budget guidelines and within ethical corporate governance guidelines
Oversee all operational and business activities to drive productivity and achieve the desired results which are consistent with the overall strategy of the bank
Analyze problematic situations and occurrences and provide solutions/recommendations
Implement initiatives to drive revenue, lower operating costs while maintaining quality output
Business Development & Customer Service Excellence:
Develop and implement marketing strategies aimed at attracting new businesses and retaining existing customers
Develop and implement the annual budget and marketing plan to increase market presence, market share and to drive revenue growth
Develop and maintain relationships with major customers, prospects, bankers and investors
People Management and Operational Performance:
Lead, manage, mentor and develop a strong management team and workforce
Promote the wellness of staff and implement practices and policies that are compliant with labor legislations and international best practices
Manage human resources, including the attraction, hiring and retention of top talent
Provide strategic input and direction for the development of performance targets, including on-going monitoring to ensure achievement of set targets
Ensure compliance with all industry regulations and guidelines, legal and statutory requirements and all other regulations which may affect the organization
Responsible for business growth and operational soundness across all branches
Business Strategy:
Identify and prioritize issues/opportunities on an on-going basis and recommend strategies to the Board to drive shareholder value and increase the overall financial position of the company
Define strategic initiatives to position the business in a sustainable growth path and drive the implementation thereof
Manage relationships with Investors, regulatory agencies, creditors and other partner institutions.
Developing high quality business strategies and ensuring their alignment with shortterm and long-term objectives
Qualifications & Requirements
Bachelor's Degree in Business, Finance, Economics or related fields
An M.Sc., MBA or other relevant Post-Graduate Qualification
Professional qualification such as ICAN, ACA, ACCA
Evidence of completion of the Microfinance Certification program
Minimum of 10 years’ experience in banking across business development, finance, Compliance and risk management departments
Minimum of five (5) years’ experience in a senior management level in a reputable Microfinance Bank.
Business Development: Strong selling and broad business development skills
Leadership: Inspires and leads others towards high levels of performance
Problem Solving and Analysis: Ability to analyze complex policy issues, draw correct conclusions and articulate clear and focused solutions.
Application Closing Date
30th April, 2024.
How to apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.
Note: Only shortlisted candidates will be contacted.