JOB BRIEF

Our client is seeking to recruit a highly skilled and experienced Managing Director to lead a micro-finance institution. The Managing Director will be responsible for the day-to-day operations of the institution, developing and implementing strategies to turnaround the institution, providing strategic guidance to the Board, and ensuring that the company achieves its financial vision, mission, and long-term goals. As Managing Director, you will play a critical role in revitalizing our institution and expanding access to financial services for individuals and small businesses across the country.

KEY RESPONSIBILITIES

• Develop and implement a comprehensive turnaround strategy to improve the financial health of the MFI.
• Provide strong leadership to the team, ensuring that all staff understand their roles and responsibilities and are motivated to work towards the common goal.
• Develop strategies to mobilize financial resources for the growth of the MFI.
• Manage the institution’s finances, including developing and managing budgets, optimizing revenue streams, and minimizing costs.
• In consultation with the MFI Board of Directors, hire and terminate key employees.
• Identify opportunities to expand the institution’s reach and impact, including developing new products and services.
• Maintain good relationship with the government and ensure the MFI is in compliance with all relevant laws, statutes, and regulations.
• Ensure compliance with legal, regulatory, and ethical standards.
• Establish and maintain relationships with clients, stakeholders, and other institutions to increase outreach and expand the client base.

JOB REQUIREMENT

• Bachelor’s degree in finance, business administration, economics, or a related field
• At least 4 years of experience in the financial services sector, with a proven track record in leading turnaround efforts
• Strong understanding of micro-finance operations and regulations
• Strong analytical, problem-solving, and decision-making skills
• Excellent communication, interpersonal, and leadership skills
• Any relevant professional qualification will be a plus.
• Strong analytical skills and ability to analyze financial data and develop strategies based on analysis.