Director - Microfinance (Biborton and Sonali)

Job Description

Title: Director - Microfinance (Biborton and Sonali)

Company Name: SAJIDA FOUNDATION

Vacancy: Not specific

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Bachelor's degree in Business, Finance, Economics, or a related field. Master's degree preferred.

Experience Requirements:
∎ At least 15 year(s)

Job Context:
∎ We are seeking a highly motivated and experienced individual to join our team as a Director of Microfinance, focusing on unbanked entrepreneurs through Biborton and Sonali programme to help create and sustain small and medium-sized businesses. In this role, you will be responsible for overseeing the management and operation of programme implementation at the country level, coordinating country-based activities, and ensuring improved program performance. Your leadership will be crucial in developing and executing strategic initiatives that enhance our market presence, increase client engagement, and contribute to financial inclusion.
∎ Job Location: Head Office
∎ Reports To: COO (Microfinance)

Job Responsibilities:
∎ Develop and implement a comprehensive strategy for the small and medium-sized businesses, specifically focused on Biborton and Sonali programme, aligned with the organisation's overall goals and objectives.
∎ Lead the ideation, conceptualisation, and launch of innovative microfinance products tailored to the needs of MSME clients, ensuring competitive positioning in the market.
∎ Conduct thorough market research to identify opportunities and trends within the MSME sector, informing product design, pricing strategies, and distribution channels.
∎ Oversee the development and implementation of robust risk assessment and management procedures, ensuring compliance with regulatory standards and minimising potential financial risks.
∎ Build, mentor, and manage a high-performing team, providing guidance, training, and support to drive excellence in client service and achieve program goals.
∎ Cultivate and maintain strong relationships with key stakeholders, including regulators, financial institutions, industry associations, and other relevant partners.
∎ Establish key performance indicators (KPIs) and metrics to measure the effectiveness and success of microfinance products for MSME clients, regularly reporting progress to senior management.
∎ Streamline processes and workflows within the microfinance department to ensure operational efficiency and effective utilisation of resources.
∎ Collaborate cross-functionally with other departments such as Communications, HR and Risk Management to ensure seamless product integration, marketing campaigns, and compliance.
∎ Foster a customer-centric culture within the team, promoting a deep understanding of client needs and preferences to continuously enhance the customer experience.

Additional Requirements:
∎ Proven track record of at least 15 years in enterprise financing preferably in microfinance, with a focus on MSME products, and 10 years in a leadership or managerial role.
∎ Strong knowledge of enterprise financing preferably in microfinance principles, industry regulations, and best practices.
∎ Demonstrated experience in product development, market analysis, and strategic planning.
∎ Excellent leadership and team management skills, with the ability to motivate and inspire a diverse team.
∎ Exceptional communication, negotiation, and interpersonal skills to foster strong relationships with internal and external stakeholders.
∎ Analytical mindset with the ability to translate data and insights into actionable strategies.
∎ Results-oriented with a proven ability to drive growth and achieve business targets.
∎ Proficiency in using financial software and tools for analysis and reporting.

Compensation & Other Benefits:
∎ Salary with Contributory Provident Fund, Gratuity, Leave Encashment, Mobile & Internet allowance, Life & Medical insurance, Festival Bonus, Yearly Inflation adjustment and Performance Bonus.

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 12 Sep 2023

Company Information:
∎ 2 Sep 2023
∎ SAJIDA FOUNDATION
∎ Business : NGO.


Category: Accounting/Finance