BUSINESS DEVELOPMENT MANAGER – RE ADVERTISED

Locally recruited position

Wealthnet Finance PLC

VACANCY BUSINESS DEVELOPMENT MANAGER – RE ADVERTISED
Wealthnet Finance PLC is registered by the Reserve Bank of Malawi as
a Deposit Taking Microfinance Institution. The institution is looking for a
visionary, innovative and strong candidate capable of managing and directing
overall operations of the institution. The candidate must be a big picture type
of individual, who must completely understand good corporate governance
and be able to set and monitor functional SMART goals. The candidate must
have a strong management background with practical understanding of tools
used to measure/monitor the performance of members of staff within the
organization. This is a most senior and very important position that requires
a deep understanding of banking operations, as well as microfinance industry.
The candidate must be conversant with designing innovative financial products.
Roles and Responsibilities include the following:

1. CORPORATE STRATEGIC PLANNING AND IMPLEMENTATION
• Lead in the design and implementation of corporate strategies for the
institution;
• Provide guidance to the board on how to improve on the company’s
operations in all departments;
• Develop and enforce sound policies and procedures for the departments
and operational activities;
• Collaborate with heads of departments in creating and implementing
long term business plans to ensure continuity and sustainability of
business operations;
• Review and determine skills gaps and staffing requirements and ensure
the company has adequate staff;
• Lead management in sourcing and developing business core capital;
• Plan and implement a sound, practical and efficient corporate resource
utilization;
• Lead and manage fast pace growth in opening new branches and agent
network across the country.
• Lead and manage acquisition and adoption of suitable technologies for
various aspects of the business.

2. OPERATIONAL ACTIVITIES
• Monitor daily operations to ensure a free flow process and execution of
daily tasks;
• Oversee performance of core activities ensuring that procedures and
policies are followed;
• Coach, mentor and supervise core business personnel and ensure
that they are adequately trained and operate at a high standard of
timeliness and professional competency;
• Ensure effectiveness and efficiency in all departments, team
development, team morale and implementation of finance code of
conduct at the various levels in operations;
• Plan/budget and manage utilization of company resources in liaison
with heads of departments;
• Manage staff, preparing work schedules and assigning specific duties
• Ensure and enforce effective time management for the entire members
of staff.
• Timely submit board reports according to company policy
• Prepare schedules for board and management meetings and ensure
that such schedules are adhered to at all times.

3. COMPLIANCE AND RISK MANAGEMENT
• Compile company reports as required by regulatory authorities i.e.
Reserve Bank of Malawi;
• Have the capabilities/strong understanding of managing a listed
company.
• Develop financial back up plans to protect business operations in the
event of major crises that could result in huge losses;
• Review effectiveness of operational procedures for all departments and
make recommendations for improvement;
• Ensure that all company operations are done within the company’s
approved policy framework.

4. QUALIFICATIONS AND EXPERIENCE
• The ideal candidate must have minimum of Bachelor’s Degree
in Business Management/Finance/Banking or any other relevant
qualification from a recognized institution;
• They must have managerial experience from the banking or
microfinance industry.
• Must have at least 5 years’ experience in banking and/or microfinance
sector.

Interested applicants should submit their applications together with their
Curriculum Vitae and names and addresses of three traceable referees to:
The HR & Administration Manager,
Wealthnet Finance PLC,
P/Bag B444,
LILONGWE 3
By close of business on Friday 14thof January, 2022
VERY IMPORTANT NOTE: Please indicate your expected salary and benefits
in the application letter.

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