Managing Director at a Leading Financial Services Institution - First Excelsia Professional Services Limited

First Excelsia Professional Services Limited - Our client, a leading Financial Services Institution, is recruiting suitably qualified candidates to fill the position below:

Job Title: Managing Director

Location: Lagos
Employment Type: Full-time
Industry: Financial Services

Description

• We are seeking to hire a highly strategic and dedicated Managing Director to join its dynamic team and contribute to its ongoing commitment to excellence.
• The Managing Director will oversee all aspects of business operations, people management, products, and resource optimization.
• The ideal candidate will be a strategic leader capable of driving the organisation towards sustainable growth and profitability while effectively advancing its vision, mission, and strategic goals.

Job Responsibilities

• Driving business development and ensuring the achievement of profitability goals as approved by the Board.
• Overseeing loan portfolio performance, ensuring non-performing loans are within acceptable limits.
• Mobilizing deposits to ensure liquidity and drive staff efforts in deposit generation.
• Overseeing the implementation of a robust risk management framework.
• Optimizing funding utilization while considering associated risks.
• Monitoring employee performance relative to set targets and providing guidance for improvement where necessary.
• Ensuring compliance with Central Bank of Nigeria (CBN) regulations, maintaining all standard ratios and acceptable PAR thresholds.
• Reviewing financial systems and recommending improvements to enhance performance.
• Developing long-term financial sustainability plans and monitoring budget performance against actual outcomes.
• Drafting and executing a strategic plan in collaboration with senior management.
• Leading daily operations and aligning activities with organizational goals and Board policies.
• Managing employee performance and fostering a positive organizational culture.
• Presenting comprehensive quarterly reports to the Board of Directors, covering all business and product aspects.
• Serving as the key point of contact for Board-level and external stakeholders.

Person Specification

• Bachelor’s degree in Business Administration, Management or a related field.
• Minimum of 8 years’ experience in the Commercial banking or Microfinance Sector.
• Proven experience as a Managing Director of a financial institution.
• Relevant Master’s degree or Professional qualification will be an added advantage.
• Experience in developing and implementing strategic and business plans.
• Exceptional leadership, strategic thinking, and interpersonal skills.
• Strong proficiency in Microsoft Office Suite.

Salary
N18,000,000 / Annum

Application Closing Date
24th February, 2025.