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  • Posted: Apr 20, 2024
    Deadline: Not specified
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    FirstExcelsia is a firm of highly versatile and renowned Human Resources, Organisational Development and Management consultants. We have an in-depth understanding of the Nigerian business terrain and we are very passionate about partnering with indigenous organisations to develop world class yet localized systems, processes and structures required to achieve...
    Read more about this company


    Managing Director

    Our client is seeking to hire a highly strategic and dedicated Managing director to join its dynamic team and contribute to its commitment to excellence.

    The ideal role holder will have overall responsibility for the strategic direction, financial performance, and operational effectiveness of the company. You will work closely with the Board of Directors to drive business development, and profitability, and ensure compliance with legal and regulatory requirements

    Job Responsibilities

    • Drive business development initiatives and maximize profitability within the approved yearly budget.
    • Mobilize deposits to ensure organizational liquidity.
    • Oversee risk management structure and ensure comprehensive framework implementation.
    • Review funding position to optimize fund utilization considering associated risks.
    • Drive organization's loan business to meet acceptable CBN PAR threshold and ratios.
    • Manage legal matters and mitigate legal risks through oversight and coordination.
    • Review financial system, reports, and performance to provide improvement recommendations.
    • Develop long-term financial plan and budget for organizational sustainability.
    • Collaborate with Senior Management and Heads of Departments to execute strategic plan.
    • Lead day-to-day operations aligned with established goals and policies.
    • Review and develop organizational structures to enhance employee performance and growth.
    • Present comprehensive quarterly reports to the Board covering all business aspects.
    • Fulfill other duties assigned by the Board of Directors.

    Person Specification

    • Minimum of a Bachelor’s Degree, alongside a master's degree in financial discipline.
    • Minimum of 15 years’ related experience in the Commercial banking and Microfinance Sector, with at least 5 years in a Managerial Position
    • Professional certification from renowned institutions will be an added advantage.
    • Ability to use Microsoft Office Packages such as Microsoft Word, Excel, and PowerPoint.
    • Experience in developing and implementing strategic and business plans is required.

    Required Skillset:

    • Strong accounting and financial knowledge.
    • Exceptional people management skills.
    • Expertise in business strategy formulation and execution.
    • Ability to allocate resources effectively and manage costs.
    • Track record of driving income growth.
    • Leadership skills to inspire and motivate teams.
    • Excellent communication, negotiation, and presentation skills.

    Method of Application

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

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