Managing Director / Chief Executive Officer at Novella Africa Limited

Novella Africa Limited – Our client is a CBN-licensed State Microfinance Bank with head office in Asaba, Delta 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 as a fully-fledged State microfinance bank.

They are recruiting to fill the position below:

Job Title: Managing Director / Chief Executive Officer

Job Opening ID: ZR_44_JOB
Location: Asaba, Delta
Employment Type: Full-time

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/CEO 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
Devising a 5-year plan and working with other board members to oversee its implementation
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.

Requirements

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.
15 – 20 years of diverse experience (i.e. banking, insurance, microfinance, etc.) 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.
Prior working experience in international organizations such as World Bank, DFID, ILO, IFC, etc. will be an added advantage
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.