Microfinance Branch Manager at Bluesquad Limited

Bluesquad Limited is a registered HR Consulting Firm that evolved from the fast paced and dynamic business environment, impel with desire to provide sustainable HR solutions that help small, medium, and large organizations to implement its business strategies and attain its goals and objectives.

We are recruiting to fill the position below:

Job Title: Microfinance Branch Manager

Location: Mainland, Lagos
Employment Type: Full-time

Job Description

• Responsible for the implementation of strategies to attain increasing business growth and optimal profitability of the branch.
• The role requires a deep understanding of microfinance products, regulatory, community engagement, and the ability to drive sales targets and increase in market share.

Responsibilities

• Expand the branch customer base through opening of new active customer accounts and activation of inactive accounts.
• Creation of quality risk assets.
• Providing leadership to facilitate prompt repayment on due loans and keeping the Portfolio at Risk (PAR) within the guiding internal threshold.
• Maintain good oversight on Teller and CSO and uphold controls around their operations.
• Drive revenue and profitability through mobilization of low-cost deposits and minimizing running expenses.
• Safeguard the fixed assets of the branch.
• Monitor performance of marketing staff for optimal productivity.
• Champion the advocacy and migration of customers to the digital platform and other automated channels.
• Training of branch staff for optimal productivity and mastery of Credit policies, practices and regulations.
• Prepare periodic business performance reports including daily, weekly, monthly, quarterly and annual reports

Qualifications

• Minimum of B.Sc. or its equivalent in Marketing or related field.
• 7 - 10 years of cognate experience from a reputable Microfinance bank is a strong criteria.
• Evidence of completion of professional certifications in the financial sector.
• Ability to disburse Micro, SME Loans in large volumes without default.
• Experienced in repayment tracking and loan collection without a day default.
• Analytical and practical understanding of workflow, capacity planning / optimization and process implementation
• Proven experience of marketing and negotiating techniques
• Basic Financial Analysis - Ability to interpret income statement, balance sheet, cash flow statement and financial ratios.
• Extensive understanding of microfinance banking regulations

Salary
N500,000 - N700,000 / Month.

Application Closing Date
30th September, 2024.