Area Manager at Bosak Microfinance Bank Limited (2 Openings)

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. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance.

We are recruiting to fill the position below:

Job Title: Area Manager

Locations: Ikorodu & Ojota - Lagos
Employment Type: Full-time

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.

Benefits
Why work with Bosak Microfinance Bank Limited?

• If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
• We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
• Our remuneration and employee welfare packages are among the best in the industry.

We offer the following Benefits:

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month.

Application Closing Date
10th September, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.