Managing Director at Prodigy Microfinance Bank

Role Overview

• Currently, we are in search of an innovative and forward-thinking Managing Director who can steer our microfinance bank towards great achievements.
• As the Managing Director, you will be responsible for the overall strategic direction, leadership, and management of the microfinance bank.
• You will drive growth and expansion, ensure operational efficiency, maintain regulatory compliance, and lead a diverse team to achieve the bank's mission and objectives.

Key Responsibilities
Strategic Leadership:

• Develop and execute a comprehensive strategic plan that aligns with the bank's vision, mission, and values.
• Identify growth opportunities and expansion strategies to increase the bank's market presence and impact.

Financial Management:

• Oversee financial performance, budgets, and forecasts, ensuring profitability and sustainable growth.
• Implement effective risk management strategies and maintain a strong credit quality portfolio.
• Monitor key financial indicators and take proactive measures to address any deviations.

Operational Excellence:

• Streamline operational processes to enhance efficiency, customer experience, and service delivery.
• Maintain a robust internal control framework and ensure compliance with industry regulations and standards.

Team Leadership:

• Foster a positive and collaborative work environment, leading and inspiring a diverse team of professionals.
• Provide coaching and professional development opportunities to ensure the team's continuous growth.

Customer Engagement:

• Enhance customer relationships and ensure the bank's products and services are aligned with customer needs.
• Drive customer retention and satisfaction by promoting excellent service quality.

Market Expansion:

• Identify potential markets and segments for expansion, conducting market research and feasibility studies.
• Develop and execute market entry strategies to successfully launch new branches or units.

Technology and Innovation:

• Stay abreast of technological advancements in the financial sector and leverage innovative solutions to improve operational efficiency and customer experience.
• Drive digital transformation initiatives to enhance the bank's competitive advantage.

Regulatory Compliance:

• Ensure adherence to all relevant regulatory guidelines and industry standards.
• Liaise with regulatory bodies and maintain strong relationships to stay updated on changes and requirements.

Qualifications

• Bachelor's Degree in Accounting, Finance, Business Administration, Economics, or a related field.
• 10 years of progressive experience in the microfinance or financial services industry, with a minimum of 7 years in a leadership role.
• Strong understanding of microfinance operations, risk management, and regulatory compliance.
• Proven track record of successfully leading teams and driving growth in a financial institution.
• Excellent interpersonal and communication skills, both written and verbal.
• Strategic thinker with the ability to make data-driven decisions.
• Demonstrated ability to manage change and navigate a dynamic environment.
• Proficiency in utilizing technology and digital tools for business enhancement.

Salary
Competitive.