Current Vacancies in a New Tier-1 Urban Microfinance Bank

We are a newly Central bank of Nigeria Licensed Tier 1 Urban Microfinance bank located at the Igbon-Efo, Lekki corridor of Lagos State. We are desirous of recruiting young, talented and ambitious self starters who would lead the bank towards achieving the mutual desired goals of all stakeholders in the positions below:

Job Title: Cash Officer / Teller

Job Code: 06
Location: Lagos

Job Summary

• The Cash Officer would take responsibilities of effective functioning of the cash department in the bank branch.

Main Responsibilities
The main responsibilities of a Cash Officer are listed below:

• Be the joint custodian of Cash and other valuables
• Supply cash / cash boxes to Single Window Operator (SWO) in the morning. Take possession of excess / surplus cash or deliver / supply cash from / to SWO and bulk cashier(s), as and when required during the day. Complete Estimated Over Draft (EOD) exercise for cash after completion of business hours.
• Carry out surprise verification of the cash holding in the cash boxes of SWO and carry out intra day cash verification at the SWO Counters.
• Ensure that all the notes received are shrouded and sorted into issuable and non-issuable notes.
• Ensure that the non-issuable note bundles prepared are pasted with note slips duly signed by the SWO on the top and bottom of the bundles confirming the quantity and quality of the notes. Manage cash inventory at the Branch, arrange for inward / outward cash remittances from them.
• Arrange for receipt / payment of bulk cash from important customers.
• Generate and check relevant reports.
• Ensure operation of the vault as per standards
• Save the Cash related reports daily and keep a hard copy of all the reports properly filed for future reference.
• Verify the cash balance in the vault fortnightly.

Required Educational / Experience

• Bachelor's Degree in Business Management, Marketing, Business or a related field, marketing strategy
• With at least 2 - 7 years of Experience in related role.
• Certification in Microfinance Banking is an advantage
• Candidate for this position must not be more than 30 years as at January 1st 2022.

Job Title: Head, Legal Services

Job Code: LS 03
Location: Lagos

Job Summary

• The Head of Legal is first and foremost tasked with leading and motivating all the Legal Officers both at the head office and the regional offices to ensure that the perform optimally.
• The person will also act as a mentor to all legal department personnel, encouraging their professional growth.

Job Description

• Legal Advisory Role: The Head of Legal along with the Legal Adviser manages legal risk within the enterprise by providing legal advice to the business and management.
• Collaboration Role: The role of the Head of Legal is also a collaborative one and in that capacity he works with departmental leadership and key stakeholders across the business in overseeing and ensuring legal compliance across the business, maintaining the business' integrity both internally and externally (reputational risk).
• Specific functions: The Head of Legal also performs similar duties as he deems fit for the proper execution of his duties and duties as delegated by the Company Secretary / Legal Adviser and management of the bank.
• Supervise legal work of Legal Officers, paralegals, and outside counsel; consults on difficult or sensitive issues.
• Ensure compliance by the Bank with best Corporate Governance Practices including risk identification and mitigation.
• Draft, review, and approve policies and procedures, regulations, bylaws, and other legal documents.
• Reviews contracts, leases, and other legal documents; researches legal issues and recommends revisions as necessary.
• Review, research, interpret, and prepares both written and oral opinions on a wide variety of legal issues.
• Provide efficient, effective legal support services and ensuring compliance by the Bank with laws governing its operations;
• Ensure the Bank is legally protected in all its transactions, with customers and other third parties;
• Manage the Bank's litigation portfolio to ensure that it is within set parameters by Managing disputes, claims, actions and potential disputes.

Minimum Qualifications

• LL.B.
• Not less than 7 years post bar proven experience in a diverse legal field.
• Preferably candidates from the banking sector.
• Excellent knowledge and understanding of corporate, real estate, commercial law and procedures in the banking sector.
• High degree of professional ethics and integrity.
• Candidate for this position must not be more than 32 years as at January 1st, 2022.

Job Title: Business Development Manager

Job Code: BDM 04
Location: Lagos
Employment Type: Full Time

Main Responsibilities

• The Business Development Manager is responsible for developing business solutions
• The main goal is to generate more revenue for the company, to identify sales leads, pitch goods or services to new clients and maintain a good working relationship with a new contact and come up with new sales ideas
• This includes new sales strategies, sales pitches, and business plans.

Main Duties of the Position

• Prospect for potential new clients and turn this into increased business.
• Ensure the marketing team meets the company's target branding, corporate image-making, planning and implementing promotional campaigns.
• Present and develop new products (Loans and Savings).
• Work with a team to develop proposals that speak to the client's needs, concerns and objectives.
• Present an image that mirrors that of the client
• Client Retention and lead generation.
• Present and develop new products (Loan and Savings) and services and enhance existing relationships.
• Work with technical staff and other internal colleagues to meet customer needs.
• Arrange and participate in internal and external client debriefs
• Business Development Planning.
• Attend industry functions, such as association events and conferences, and provide feedback and information on market and creative trends.
• Present to and consult with mid and senior level management on business trends with a view to developing new services, products and distribution channels.
• Identify opportunities for campaigns, services and distribution channels that will lead to an increase in sales.
• Using knowledge of the market and competitors, identify and develop the company's unique selling propositions and differentiation.
• Forecast sales targets and ensure they are met by the team.
• Present business development training and mentoring to business developers and other internal staff.
• Ensure Savings targets are met.

Objectives - Performance Indicators:

• Effective business development strategy, new sales strategies, sales pitches.
• Generate revenue for the bank
• Prospect new business, and potential clients
• Client retention and generation.

Required Educational / Experience

• Bachelor's Degree in Business Management, Marketing, Business or a related field, marketing strategy
• With at least 8 years of experience in a related role.
• A first degree or HND in any discipline with a certification in Microfinance Banking is an advantage
• Candidates for this position must not be more than 32 years as at January 1st 2022.

Required Behavioral Skills:

• Strong communication skills
• Ability to Build Client Relationships,
• Excellent innovative skills
• Good Writing and Public Speaking Skill,
• Leadership and People Management Skill,
• Detail-Orientated
• Organisation and Multi-Tasking Skill.

Job Title: Credit & Marketing Officer

Job Code: CMO 05
Location: Lagos

Job Description

• Responsible for managing the credit risk portfolio of the bank
• Responsible for coordinating marketing functions of the bank's products and services
• Monitor repayment and preparation of loan deduction schedule
• Analyze credit information to determine the risk involved in lending and prepare reports of findings.
• Perform periodic stress testing and credit review of bank's loan portfolio.

Job Requirements
Applicant must possess the following qualifications:

• Minimum of a first degree from a recognized institution in Accounting / Banking / Finance discipline.
• Minimum of 2 - 6 years experience a marketing function within the retail or microfinance banking space.
• MCP Certification in microfinance banking will be an added advantage.
• Ability to understand personal balance sheet management would also be an advantage.
• Candidate for this position must not be more than 28 years as at January 1st 2022.

Job Title: Chief Finance Officer

Job Code: CFO 01
Location: Lagos

Job Description

• The Chief financial officer (CFO) would be responsible for managing the financial actions of the company.
• The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.
• He/She would be responsible for managing the finance, accounting and operation divisions and for ensuring that the company’s financial reports are accurate and completed in a timely manner.

Responsibilities

• Supervision of the overall finance architecture.
• Timely production & Interpretation of Financial Reports
• Financial strategy and direction guidance.
• Stakeholder report package generation and interaction.
• Fundraising assistance.
• Overseeing the reconciliation of income and expense reports
• Preparing and analyzing financial statements and profit and loss reports
• Provide leadership and management to the financial department
• Provide financial strategy recommendations to CEO/President and executive team
• Identify and address potential financial risks for the company
• Oversee all financial decisions, such as budgeting and auditing
• Implement strategies and systems to improve financial performance
• Support financial department in developing short and long term financial goals
• Review financial reports and determine methods to reduce costs
• Take control of financial records and documentation
• Serve as a key point of contact for financial department and auditors

Qualifications and Experience

• First Degree or its equivalent, preferably in a numeric discipline e.g. Accounting, Economics, Business Administration or in a related field.
• 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 8 years diverse banking experience (i.e. banking, insurance, microfinance, etc.) as well as experience in multi-functional roles within the industry.
• Minimum of 2 years management experience within the financial services industry.
• Prior microfinance experience is desirable, particularly within a microfinance bank with international ties.
• Strong communication skills.
• Microfinance Certification
• Must not be more than 32 years as at January 1st 2022

Competency/ Skill Requirements:

• Knowledge and understanding of the Nigerian financial services market.
• 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 highest levels of management of financial institutions.

Job Title: Head, Credit & Risk Management

Code: CRM 02
Location: Lagos

Job Description

• The Head, Credit & Risk Management be responsible for the monitoring and management of the risk portfolio of the Bank.
• The job holder will develop and implement systems, policies and procedures aimed at risk mitigation.

Duties And Responsibilities

• Planning, designing implementing & managing the overall risk management process for the bank by developing the risk management framework, policies, processes, procedures and reporting standards that define the bank’s risk strategy and appetite in line with its overall business objectives.
• Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process.
• Facilitate the identification, assessment, measurement, monitoring, controlling and reporting the level of risks
• Maintain oversight over the bank’s enterprise risk management activities.
• Provide support, education and training to staff in order to create risk awareness.
• Ensures proper documentation of credits by adhering to set documentation standards and procedures.
• Define credit approval framework and recommend credit approval limits in line with banks’ policy.
• Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines.
• Conduct periodic stress tests and scenario analysis, assessing the impact to the Bank’s credit portfolio and make appropriate recommendations to senior management for appropriate action.
• Support the loan remediation team, in negotiating work out plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
• Review and analyze the delinquent portfolio to identify key causal factors, make recommendations and track them to ensure adequate and timely closure.
• Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate.
• Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis
• Flexibility to carry out any other task as requested by Management.

Qualifications

• HND / B.Sc / in Accounting, Economics or a related field.
• Evidence of completion/ exemption of/from NYSC.
• Evidence of completion of Microfinance Certification program.

Experience:

• Minimum of five years’ experience in a similar role at a microfinance bank or Fintech.
• Candidate for this position must not be more than 32 years as at January 1st, 2022.

Skills:

• Credit Administration, credit analysis and appraisal skills.
• Outstanding communication (written and verbal) and interpersonal abilities.
• Strong marketing and public relations skills.
• Good team player with excellent leadership traits.
• Planning and organization skills.
• High degree of professionalism, maturity and confidentiality.
• Strong interpersonal and presentation skills.
• Strong analytical and problem-solving skills.
• Ability to work within and manage a team of professional, guiding and coordinating towards achieving common objectives.
• Influencing and Negotiation skills.

How to Apply
Interested and qualified candidates should send their most recent CV and a Cover Letter of Intent to: [email protected] using the Job Code as the subject of your mail.

Note: All successful candidates would be interviewed and expected to resume NOT later than April 1st, 2022.

Application Deadline  26th January, 2022.