Managing Director – ABC Easy Loans

Job Description

The purpose of the Managing Director role is to provide strategic leadership and direction, this includes identifying growth opportunities and setting and achieving performance targets. The Managing Director oversees all aspects of the business, including operations, financial performance, and regulatory compliance.

Duties and Responsibilities

KEY RESPONSIBILITIES AND TASKS
Strategy development and implementation
• Develop BancEasy’s strategy and ensure alignment with Group and Business strategy.
• Develop and manage BancEasy’s budget, monitor financial performance, and drive profitability by optimizing revenue streams.
• Identify and pursue new business opportunities, including market expansion and product innovation.
• Provide visionary leadership that fosters a culture of accountability, innovation, and continuous improvement.
• Achieve growth targets in terms of client outreach, market share, and product diversification.
• Participate in Board decisions as a Director of the company. Financial Management
• Achieve financial targets, including revenue, profitability, and cost management. Cascade the revenue budget to direct reports and drive the achievement thereof.
• Ensure the institution’s financial sustainability by managing budgets, resources, and financial risks.
• Ensure financial sustainability by maintaining a healthy balance between loan disbursements, collections, and managing liquidity.
• Manage the balance sheet.
Business Development and Client Relationship Management
• Lead efforts to expand the institution’s client base, products, loan portfolio, and market reach.
• Develop and maintain strategic partnerships and alliances that support the institution’s growth.
• Drive the growth of the loan portfolio and diversification of revenue streams.
• Promote a client-centric culture that prioritizes the needs and satisfaction of clients.
• Monitor and enhance client retention, satisfaction, and engagement metrics.
• Oversee the development and implementation of customer service strategies and initiatives.
Operational Oversight
• Oversee day-to-day operations to ensure efficiency, transparency, and adherence to policies.
• Implement and maintain robust risk management frameworks to minimize financial and operational risks.
• Drive key performance indicators (KPIs) to monitor operational success, including Disbursements, Loan Book Size, NPL, and Profitability.
Governance, risk, and compliance
• Ensure the institution complies with all relevant laws, regulations, and industry standards.
• Maintain strong governance practices and ensure timely reporting to the Board of Directors.
• Uphold ethical standards and promote a culture of transparency and integrity
• Ensure all compliance documentation and processes (e.g. KYC) are followed to the letter.
Staff Management and Development
• Define the targets and responsibilities of managers and manage and implement the performance contracts for all managers.
• Maintain and foster a focused, top-class work culture for all employees.
• Identify and develop succession planning at all levels in the management hierarchy and include cross training as part of a defined staff development plan.

Qualifications and Experience

QUALIFICATIONS AND EXPERIENCE
• Relevant Business Degree.
• MBA or equivalent qualifications are desirable.
• Professional certifications such as Executive
Certificate in Microfinance.
• A minimum of 10 years of experience in microfinance, including at least 5 years in an Executive or Senior Managerial role.
• Thorough knowledge of Micro Finance Operations.
• Understanding of regulatory issues and controls
SPECIAL SKILLS AND COMPETENCIES
• Understanding of regulatory issues and controls
• Negotiation skills.
• Leadership and decision-making,
• Planning and organizing skills,
• Strong Interpersonal skills, Inspirational and a motivator,
• Results focused,
• Assertive,

How to Apply

Interested applicants who meet the job requirements should e-mail their CVs to [email protected] with the Heading: “Managing Director – ABC Easy Loans ” APPOINTMENTS WILL BE MADE IN COMPLIANCE WITH BancABC’s RECRUITMENT POLICY. Closing date: 13 September 2024 @1630hrs.

BancABC Zimbabwe logo

Location: Harare
Company: BancABC Zimbabwe
Expiry Date: 2024-09-13 00:00:00