MD/CEO needed at Fast-Growing Microfinance Bank

Job title : MD/CEO

Job Location : Lagos

Deadline : June 09, 2024

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Our Client, a fast-growing Microfinance Bank with good performance record is looking to recruit a Managing Director for its business operations in the Finance Sector.

We are looking for an experienced Managing Director to manage and oversee all aspects of our business operations, people, products, and resources. The managing director is responsible for the overall success of the business.

The Managing Director is a member of the Executive Management of the organization and reports directly to the Board of Directors, Senior Management Leaders and work with various teams within the Organization.

It is expected that the ideal candidate will be a strategist and a leader that can steer the company to the most profitable direction while also implementing its vision, mission, and long-term goals, with demonstrable management skills. The goal is to ensure our client is constantly moving towards fulfilling its short-term and long-term objectives and does not diverge from its strategic guidelines.

As the Managing Director, you will be responsible for:

  • Business Responsibilities
    • Business Development & Profitability: To ensure the company achieves all her profitability goals as approved by the Board in the yearly budget thereby maximizing the shareholders wealth.
    • Loan Portfolio Monitoring: To ensure close monitoring of all loan portfolios with a view to ensuring the rate of non-performing loan reduces to an acceptable standard.
    • Deposit Mobilization: To ensure the organization is always liquid by driving staff to mobilize deposit.
  •  Risk Management:
    • Overseeing the risk management structure and ensure full implementation of risk management framework.
    • Funding: Review the Current Funding position with a view to achieving optimal utilization of fund while taking cognizance of the risk implication of each funding source.
    • Performance Management: To monitor employee performance in relation to the set target and advice staff that fall short of target.
  • Legal & Regulatory Responsibilities:
    • Finance/ CBN Regulation: You have the responsibility to drive the organization loan business to the level of achieving the acceptable CBN PAR threshold of 5% or less within shortest possible time, however all other standard ratios as approved by the CBN for financial institutions must be met.
    • Government Regulations: To ensure compliance with all government regulations for our business sector including Taxation, Filing of Necessary Documentations with Government Agencies, yearly subscriptions, and licences maintenance amongst others.
    • Legal: Ensuring all legal matters are properly managed and overseen by relevant departments and limit legal risk exposure.
  • Finance Responsibilities:
    • Financial Management:
      • Review current financial system, reports, and performance, and make recommendations to ensure improved financial performance.
      • To deliver a plan to establish within an agreed timeframe a budget for a long-term financial plan for organizational sustainability.
    • Budget Monitoring: To monitor our actual performance against budget and ensure a corrective action is taken on all negative variance while positive variance should be commended.
  • Operational Responsibilities
    • Strategic Planning: Draft a Strategic Plan for the organization with conjunction with Senior Management & Heads of Department and ensure deliverables within an agreed time frame.
    • Operations: Leading day-to-day operations by directing and coordinating activities consistent with established goals, objective, and policies set by the Board of Directors.
    • Staff Management: Day to day management of the employee for optimal performance in line with corporate objectives and the laid down HR Policies
    • Organization Culture & Cultural Development: Review the current organizational structures with a view to developing a structure that will enable employee to perform optimally and contribute positively to the growth of the organization.
  • Stakeholder Responsibilities
    • Quarterly Reports: You are to present a comprehensive quarterly report to the Board of Directors, this report should cover all aspect of the business and products.
    • In addition, you will be responsible for other duties as may from time to time be assigned to you by the Board of Directors.

 Requirements:

  • Mminimum of 15 years experience in the Commercial banking and Microfinance Sector
  • Proven experience as a Managing Director or in other managerial position.
  • A minimum of a graduate BSc/BA is required, master’s degree, or Professional qualification will be anadded advantage.
  • Demonstrable Proficiency in Microsoft Office Suite is required.
  • Experience in developing and implementing strategic and business plans is required.
  • Female candidates are strongly encouraged to apply.

How to Apply for this Offer

Interested and qualified candidates should forward their CV to: info@sterlingcomcapital.com using the position as subject of email.

  • Banking  jobs
  • MD/CEO jobs

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