• Application Deadline: Wed, 28 Feb 2024 00:00:00 GMT
• Position: Managing Director


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 10 years


• Location Lagos


• Job Field Banking  , Finance / Accounting / Audit 
  

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 the microfinance or financial services industry, with a minimum of 7 years in a leadership role.


• 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.