[Vacancy]: Managing Director Needed at First Excelsia

April 22, 2024

Job Description

About Job

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 the organization’s loan business to meet acceptable CBN PAR thresholds and ratios.
  • Manage legal matters and mitigate legal risks through oversight and coordination.
  • Review financial systems, reports, and performance to provide improvement recommendations.
  • Develop a long-term financial plan and budget for organizational sustainability.
  • Collaborate with Senior Management and Heads of Departments to execute a 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 of 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

Click here to apply