Area Manager at Bosak Microfinance Bank Limited

Key Responsibilities

• Drive the introduction and promotion of Bosak MFB, Bosak Trade Loan (BTL) and other products to prospective customers.
• Supervise and manage all Business Managers and Loan Officers within the Area Office.
• Monitor business performance, provide operational support and drive achievement of business and loan portfolio targets.
• Build and maintain strong relationships with market associations, business groups and customers.
• Conduct and supervise customer and guarantor verification, including cross-guarantee arrangements within groups.
• Ensure prompt and accurate remittance of cash collections into the appropriate bank accounts.
• Apply the 5 Cs of Lending: Character, Capacity, Capital, Collateral and Conditions in loan assessment and monitoring.
• Ensure proper payment and documentation of equity contributions and upfront fees.
• Monitor weekly loan repayment collections, passbook/register updates and issuance of tellers.
• Ensure proper documentation, record keeping, monitoring and supervision of Area Office activities.
• Assess and interpret customers’ accounts and transaction history on the system.
• Ensure effective group management, loan monitoring and repayment performance.
• Identify portfolio risks, follow up on delinquent accounts and support effective recovery efforts.

What We’re Looking For

• Mandatory: Previous experience in a Microfinance Bank (MFB).
• Strong knowledge of microfinance lending and group lending operations.
• Proven ability to supervise and manage Loan Officers/Business Managers.
• Good understanding of loan appraisal, collections, portfolio monitoring, and recovery.
• Strong communication, leadership, and relationship-management skills.
• Target-driven with the ability to manage a high-performing field team.
• Candidates with strong knowledge of the Ikorodu market will be an added advantage.