Managing Director

Job Description

• Are you an experienced and dynamic professional in the financial services sector? Our client a microfinance bank is seeking a talented individual to join their team as the Managing Director.
• In this pivotal role, you will be responsible for overseeing and directing both human and capital resources of the organization towards the achievement of business goals and objectives.
• The suitable candidate will provide strategic leadership and coordinate both intra and inter departmental activities in line with the Vision and Mission of the Bank.

Key Responsibilities
Business Oversight:

• Carry out regular SWOT analysis to mitigate any potential risks through industry and market changes
• Prepare yearly budget for board approval and manage resources within those budget guidelines and within ethical corporate governance guidelines
• Oversee all operational and business activities to drive productivity and achieve the desired results which are consistent with the overall strategy of the bank
• Analyze problematic situations and occurrences and provide solutions/recommendations
• Implement initiatives to drive revenue, lower operating costs while maintaining quality output

Business Development & Customer Service Excellence:

• Develop and implement marketing strategies aimed at attracting new businesses and retaining existing customers
• Develop and implement the annual budget and marketing plan to increase market presence, market share and to drive revenue growth
• Develop and maintain relationships with major customers, prospects, bankers and investors

People Management and Operational Performance:

• Lead, manage, mentor and develop a strong management team and workforce
• Promote the wellness of staff and implement practices and policies that are compliant with labor legislations and international best practices
• Manage human resources, including the attraction, hiring and retention of top talent
• Provide strategic input and direction for the development of performance targets, including on-going monitoring to ensure achievement of set targets
• Ensure compliance with all industry regulations and guidelines, legal and statutory requirements and all other regulations which may affect the organization
• Responsible for business growth and operational soundness across all branches

Business Strategy:

• Identify and prioritize issues/opportunities on an on-going basis and recommend strategies to the Board to drive shareholder value and increase the overall financial position of the company
• Define strategic initiatives to position the business in a sustainable growth path and drive the implementation thereof
• Manage relationships with Investors, regulatory agencies, creditors and other partner institutions.
• Developing high quality business strategies and ensuring their alignment with shortterm and long-term objectives

Qualifications & Requirements

• Bachelor's Degree in Business, Finance, Economics or related fields
• An M.Sc., MBA or other relevant Post-Graduate Qualification
• Professional qualification such as ICAN, ACA, ACCA
• Evidence of completion of the Microfinance Certification program
• Minimum of 10 years’ experience in banking across business development, finance, Compliance and risk management departments
• Minimum of five (5) years’ experience in a senior management level in a reputable Microfinance Bank.
• Business Development: Strong selling and broad business development skills
• Leadership: Inspires and leads others towards high levels of performance
• Problem Solving and Analysis: Ability to analyze complex policy issues, draw correct conclusions and articulate clear and focused solutions.