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  • Posted: Oct 26, 2022
    Deadline: Nov 7, 2022
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    Edgewood consulting is a management consulting and talent development firm registered in Nigeria to provide cutting - edge and value - added advisory, performance improvement, learning improvement, human resources management, restructuring turnaround management and market development research services.
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    Managing Director Microfinance Bank

    Edgewood Consulting Limited is hiring a Managing Director on behalf of its client a CBN-licensed Microfinance Bank with head office in Okitipupa environs, Ondo State.

    The Microfinance Bank creates business opportunities for entrepreneurs and low-income earners by availing them of access to affordable loans, as well as improving the general financial status of clients with its deposit accounts. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act and is regulated by the Central Bank of Nigeria.

    Job Responsibilities:

    • The Managing Director shall be responsible for giving strategic guidance and direction to the board to ensure that the Company achieves its financial vision, mission, and long-term goals.
    • The MD has the overall responsibility to plan, organize and control all of the day-to-day activities of the bank.
    • Setting the overall strategic direction of the company alongside the board.
    • Manage relationships with Investors, regulatory agencies, creditors, and other partner institutions.
    • Operates in a fiscally responsible manner within agreed budget parameters
    • Ensure that the Bank meets the targets set forth in the business plan and annual budget. Supervise all heads of department to achieve efficient, productive, and profitable loan and deposit portfolio growth in line with corporate strategy
    • Ensure the bank delivers on its short and long-term strategic road map
    • Execute the decisions of the Board of Directors
    • Plans and implements the long-term business strategy of the organization to achieve the overall objectives.
    • Facilitate and present periodic business performance review reports to the Board
    • Ensure sound financial recording /reporting
    • Participate in projects geared towards new products/ service development and or product/service enhancement by giving appropriate guidance on required checks, controls, processes, and procedures in line with leading practices within the sector
    • Provide strategic input and direction for the development of performance targets, including ongoing monitoring to ensure achievement of the set target
    • Carrying out a regular SWOT analysis to mitigate any potential risks through industry and market changes.
    • Setting company-wide KPIs to gauge company performance in all areas.
    • Prepare a corporate plan and annual business plan and monitor progress against these plans to ensure that the company attains its objectives as cost-effectively and efficiently as possible.
    • Maintaining a dialogue between shareholders and the Board.
    • Develop and maintain an effective marketing and public relations strategy to promote the products, services, and image of the company in the wider community.
    • Setting company budgets and forecasts alongside the finance department.
    • Reporting results to the shareholders on a quarterly and annual basis.

    Qualifications/Experience

    • First degree, preferably in a numeric discipline e.g. Economics, Business Administration, Accountancy, etc., or a related field with a minimum of Second Class Honors (Lower Division).
    • A post-graduate degree or its equivalent in any discipline. An MBA or any other related professional qualification is required.
    • Relevant professional qualifications/affiliations such as ICAN, CIBN, CFA, ACIB, etc.
    • A minimum of 10 - 15 years of diverse experience (Microfinance) as well as experience in multi-functional roles within the industry.
    • Minimum of 10 years of senior management experience within the financial services industry
    • Prior microfinance experience is desirable, particularly within a microfinance bank with international ties.
    • Prior board-level experience/ experience reporting to a board/ board committee.
    • Strong communication skills.

    Competency/ Skill Requirements

    Knowledge and understanding of the Nigerian financial services market.

    Prior experience leading functions such as:

    • Banking Operations
    • Commercial/Marketing
    • Finance/Risk Management
    • Human Resources
    • Information Technology
    • Good product development and portfolio management capabilities.
    • Excellent customer relationship development/management skills.
    • Knowledge and understanding of commercial financial products.
    • Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues, and solutions.
    • Must have a high sense of responsibility, accountability, integrity, and ethical standards
    • Must have strong business acumen, maturity, and tact, including the ability to relate with the highest levels of management of financial institutions.

    Method of Application

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

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