Managing Director at Menzon Nigeria Limited

Job Overview

Our client, a leading FinTech company in Nigeria, offering a comprehensive suite of payment solutions, payment terminal services, and super agency operations with commitment to driving financial inclusion and innovation, making financial services accessible and convenient for everyone, seeks a highly motivated and experienced Managing Director. The successful candidate will be responsible for overall leadership, setting the strategic direction, driving innovation, and profitable expansion across their payment solutions, payment terminal services, and super agency network. He/she will lead a talented team and oversee all aspects of their operations, ensuring regulatory compliance, and the delivery of exceptional value to their customers and stakeholders.

Key Responsibilities:

Strategic Leadership:

• Lead the development and execution of a comprehensive growth strategy, focusing on expanding market share and service offerings.
• Oversee the creation and implementation of annual business plans.
• Stay abreast of industry trends and regulations, identifying new opportunities and adapting the business model to market changes.
• Foster a culture of innovation, collaboration, and results-oriented execution.
• Set ambitious yet achievable goals for all departments in alignment with the overall corporate vision.

Operational Excellence:

• Oversee all day-to-day operations of the company.
• Provide strong leadership and direction to all departments within the company.
• Ensure efficient and effective management of all resources, optimizing processes and maximizing profitability.
• Implement robust risk management strategies.
• Monitor key performance indicators (KPIs) across all business units and ensure optimal business outcomes.
• Drive innovation and continuous improvement across all aspects of the business.

Stakeholder Management:

• Build and maintain strong relationships with key stakeholders, including financial institutions, investors, partners, regulatory bodies, and industry associations.
• Clearly communicate the company's vision and strategy to all stakeholders.
• Represent the company at industry events and conferences, promoting the brand and vision.

Financial Performance:

• Drive revenue growth and profitability, ensuring strong financial performance against set targets.
• Drive the creation and execution of annual budgets and financial forecasts.
• Manage financial resources effectively, optimizing profitability and return on investment.
• Work closely with the finance team to ensure accurate financial reporting and compliance with all regulations.

Regulatory Compliance:

• Implement robust compliance measures and frameworks to ensure adherence to all regulatory requirements.
• Proactively address any compliance concerns.

Technology and Innovation:

• Champion the adoption of innovative solutions to improve the payment platform, enhance user experience, and drive business growth.
• Lead the company in leveraging technology to stay ahead of the curve in the rapidly evolving FinTech landscape.
• Ensure in collaboration with the IT Department the smooth operation and security of technology infrastructure.

Building a High-Performing Team:

• Attract, retain, and motivate top talent, fostering a collaborative and results-oriented work environment.
• Empower your team to make decisions and take ownership of their projects.
• Invest in the professional development of your team, ensuring they have the skills and knowledge to succeed.

Additional Responsibilities:

• Review and prepare sundry reports in a timely manner.
• Exercise responsible and ethical decision making always regarding company’s resources.
• Implement and ensure adherence to company’s policies and procedures.
• Promote the company’s values and philosophy in the performance of your services.

Requirements:

• Master’s degree in management, business, finance, economics or related field (MBA preferred).
• Minimum 8 years of experience in senior leadership roles within the FinTech or financial services industry.
• Membership of relevant professional bodies is an added advantage.
• Proven track record of success in leading and driving significant growth and profitability for a financial services company.
• In-depth knowledge of the Nigerian financial ecosystem, payment landscape and regulatory environment governing PSSPs, PTSPs, and Super Agents.
• Exceptional business acumen and negotiation skills.
• Excellent leadership and communication skills with the ability to motivate and inspire a high-performing team.
• Strong analytical and problem-solving skills.
• Passion for financial inclusion and driving positive change in Nigeria.
• Excellent strategic thinking, analytical, problem-solving skills.
• Exceptional interpersonal and relationship-building skills with the ability to build trust and collaborate effectively with internal and external stakeholders.
• Strong work ethic and a dedication to achieving results.
• Passion for innovation and a forward-thinking approach to the future of FinTech.