Managing Director at a Leading Microfinance Bank - Edgewood Consulting Limited

Edgewood Consulting Limited - Our client is a leading Microfinance Bank, the Bank started as a Community Bank Nigeria Limited with a paid up Capital of Five Million Naira (#5,000,000) on 27th of April 1992 in accordance with the provision in the Community Bank Prospectus. In compliance with fresh regulatory guidelines issued by the Central Bank of Nigeria, the bank raised it shareholders funds to #20,000,000 transformed to a UNIT Microfinance Bank .The Bank was incorporated in Nigeria on 21st of April 2008 as a Limited liability Company to carry out the business of making financial services available to a large segment of the potentially productive populace which would have little or no access to financial services. Presently, the bank has authorized share capital of N100 million of which #81 million is fully paid.

They are recruiting to fill the position below:

Job Title: Managing Director

Location: Ondo State
Employment Type: Full-time

Main Responsibility

• The Managing Director shall be responsible for giving strategic guidance and direction to the board to ensure that the Company achieves its financial vision, mission and long term goals.

Responsibilities

• Setting the overall strategic direction of the company alongside the board.
• Plans and implements the long term business strategy of the organization to achieve the overall objectives.
• Devising a 5-year plan and working with other board members to oversee its implementation.
• Carrying out regular SWOT analysis to mitigate any potential risks through industry and market changes.
• Setting company-wide KPI’s to gauge company performance in all areas.
• Prepare a corporate plan and annual business plan and monitor progress against these plans to ensure that the company attains its objectives as cost-effectively and efficiently as possible.
• Develop and maintain an effective Marketing and Business Development strategy to promote the products, services and image of the company in the community.
• Introduce and implement effective systems, policies, structures and resources to support the growth of the Bank and ensure adherence to the same.
• Serve as the Operations Lead for the Microfinance core banking system implementation, aligning system configuration with operational processes and policies.
• Develop and manage a team of well-trained, focused and motivated Banking Services staff.
• Manage centralized loan processing and account opening functions to ensure efficiency, quality and control.
• Define and implement new policies and procedures for Banking Services in support of product development / refinement or upon introduction of new technologies and delivery channels.
• Analyse operational risks, procedures, work flow and controls on an ongoing basis for continual improvement of operational systems.
• Safeguard customer data and protect against fraud through management of authorization levels and access rights.
• Analyse operational risks, procedures, work flow and controls on an ongoing basis for continual improvement of operational systems.
• Develop and maintain sufficient business continuity plans to ensure service delivery in the event of minor to major incidences & escalation of service exceptions as needed.
• Setting company budgets and forecasts alongside the finance department.
• Reporting results to the shareholders on a quarterly and annual basis.

Qualifications/ Skills/ Competencies Required

• 5+ years of senior level experience of management of people and resources.
• A proven record of success at a senior level in a Microfinance Bank.
• A degree in Social Sciences or any other related field. Professional qualification will be an added advantage.
• A wide knowledge of the industry.
• Membership of the Chartered Institute of Bankers Nigeria.
• A very high level of commercial awareness.
• Strategic Planning Skills
• Leadership skills.
• Excellent communication skills.
• Excellent organisational skills.
• Excellent analytical and problem-solving skills.

Application Closing Date
31 January, 2021

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the "MD, Microfinance Bank" as subject of the email.

Note: Only qualified candidates will be contacted.