Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system.Key Responsibilities

Drive the introduction and promotion of Bosak MFB, Bosak Trade Loan (BTL) and other products to prospective customers.
Supervise and manage all Business Managers and Loan Officers within the Area Office.
Monitor business performance, provide operational support and drive achievement of business and loan portfolio targets.
Build and maintain strong relationships with market associations, business groups and customers.
Conduct and supervise customer and guarantor verification, including cross-guarantee arrangements within groups.
Ensure prompt and accurate remittance of cash collections into the appropriate bank accounts.
Apply the 5 Cs of Lending: Character, Capacity, Capital, Collateral and Conditions in loan assessment and monitoring.
Ensure proper payment and documentation of equity contributions and upfront fees.
Monitor weekly loan repayment collections, passbook/register updates and issuance of tellers.
Ensure proper documentation, record keeping, monitoring and supervision of Area Office activities.
Assess and interpret customers’ accounts and transaction history on the system.
Ensure effective group management, loan monitoring and repayment performance.
Identify portfolio risks, follow up on delinquent accounts and support effective recovery efforts.

What We’re Looking For

Mandatory: Previous experience in a Microfinance Bank (MFB).
Strong knowledge of microfinance lending and group lending operations.
Proven ability to supervise and manage Loan Officers/Business Managers.
Good understanding of loan appraisal, collections, portfolio monitoring, and recovery.
Strong communication, leadership, and relationship-management skills.
Target-driven with the ability to manage a high-performing field team.
Candidates with strong knowledge of the Ikorodu market will be an added advantage.

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9jabook

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Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system.Responsibilities
Management of Area:

In collaboration with the Human Resources Dept., hire, train, support, and motivate Area staff.
Maintain a high standard of cleanliness and discipline within the Area and ensure that all staff members are performing according to expectation.
Ensure the Area work flow is efficient and well-defined on a weekly and monthly basis.

Build community rapport:

Become knowledgeable and known in the Area’s geographic zone.
Build rapport with community and business associations and leaders;
Be known and visible in the community/area;
Develop goodwill of community towards Bosak Microfinance Bank Limited.

Financial Planning and Management:

Develop annual plans and budgets for the Area, paying particular attention to the creation of efficiencies and reduction of the Area costs.
Approve Area expenses within the budget parameters.

Supervision and Monitoring:

Ensure that all Area staff follow and implement policies and procedures.
Spot-check approved applications.
Set performance goals with Area staff and monitor performance per procedures for all Area staff.
Implement the performance management system at the Area level.

Area Administration:

Ensure that the Area maintains neat, up-to-date and accurate client records.
Organize and maintain neat, up-to-date and accurate files regarding performance of each Area staff member.
Ensure that all approved loans in the Area are disbursed timeously and accurately.
Ensure that all savings accounts are promptly opened with proper documents
Ensure that all assets of the Area are protected at all times and that the Area ambience is within the acceptable standard.

Area Reporting:

Prepare and submit Area portfolio and other financial reports timeously on a regular basis.
Complete summary Area reports of supervision and monitoring activities and findings timeously on a regular basis.

Loan Approvals:

Coordinate the activities of the credit committee for loan applications pertaining to his/her Area.
Chair the credit committee for loan applications pertaining to his/her Area within his/her authority level.
Ensure all documentation and requirements are complete prior to loan approvals.
Ensure quality of analysis by all Branch Managers/Account Officers in the Area.

Business Development:

Ensure that the loans and savings portfolio growth matches the Area Budget.
In cases where the rate of growth is below the Budget, the Area Manager should provide adequate explanation for the deviations and advise the Chief Commercial Officer on the most appropriate corrective measures.
Meet and build rapport with all Area staff, business/market associations and other relevant organizations in the area’s zone on a regular basis.
Monitor business progress, provide assistance, demonstrate concern, and build loyalty among the business/market associations and clients.
Keep abreast of the economic developments in the Area’s zone.

Debt Recovery:

Review the daily repayment reports and other relevant reports per Account Officer and for the entire Area as soon as they are available.
Ensure that debt recovery strategy and procedures are adhered to.
Assist with late repayment recovery where necessary, in accordance with Bosak MfB Limited policies and procedures.

Requirement

Candidates should have 6 years work experience.

Written by

9jabook

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