Latest Vacancies at Fedeth Microfinance Bank

Fedeth Microfinance Bank economically empowers micro-entrepreneurs and low-income earners by providing financial services.
We are recruiting to fill the position below: 1. Business Development Officer Job Title: Business Development Officer Location: Abuja (FCT) Employment Type: Full-time
Job Responsibilities New Business Development:
  • Prospect for potential new clients and turn this into increased business.
  • Developing growth strategies and plans
  • Meet Investment/risk targets for each products as set out at the beginning of the fiscal year
  • Preparation of budgets and reviewing timeframes for meeting budget
  • Manage portfolio to balance interest rate yield per loan while continually increasing funding volumes and minimizing delinquency.
  • Identify and mobilize Investments from both individual and corporate entities
  • Deliver quality client service by ensuring that loan decisions are communicated effectively to clients in a timely manner.
  • Manage commission payouts and communicate interest rate changes as the need arises
  • Cold call as appropriate within your market or geographic area to ensure a robust pipeline of opportunities.
  • Meet potential clients by growing, maintaining, and leveraging existing network.
  • Research and build relationships with new clients.
  • Set up meetings between client decision makers and Bank’s practice leaders/Principals.
  • Plan approaches and pitches.
  • Work with team to develop proposals that speak to the client’s needs, concerns, and objectives.
  • Participate in pricing the solution/service.
  • Handle objections by clarifying, emphasizing agreements and working through differences to a positive conclusion.
  • Use a variety of styles to persuade or negotiate appropriately.
  • Present an image that mirrors that of the organization.
  • Investment Appraisal
  • Asset origination
  • Credit administration and preparation of offer letters.
  • Analysis, appraisal and preparation of Structured Finance agreements and other documents.
  • Review of credit applications to ensure that all documents submitted by the client are complete.
  • Asset inspection before approval is made.
  • Assessment of the client’s balance sheet performance, cash flow and streams of income.
  • Accounts reconciliation and recovery management
Business Development Planning:
  • Attend industry functions, such as association events and conferences, and provide feedback and information on market and creative trends.
  • Present to and consult with mid and senior level management on business trends with a view to developing new services, products, and distribution channels.
  • Identify opportunities for campaigns, services, and distribution channels that will lead to an increase in sales.
  • Using knowledge of the market and competitors, identify and develop the Banks’s unique selling propositions and differentiators.
  • Brainstorm with other business development teams to create new products that will meet client’s needs while increasing profitability
  • Manage records of new clients established, investments, risk assets and other important data
Management and Research:
  • Submit weekly progress reports and ensure data is accurate.
  • Forecast sales targets and ensure they are met by the team.
  • Track and record activity on accounts and help to close deals to meet these targets.
  • Work with marketing staff to ensure that prerequisites (like prequalification or getting on a vendor list) are fulfilled within a timely manner.
  • Ensure all team members represent the Bank in the best light.
  • Present business development training and mentoring to business developers and other internal staff.
  • Research and develop a thorough understanding of the Bank’s people and capabilities.
  • Understand the Bank’s goal and purpose so as to continue to enhance the Bank’s performance.
Requirements / Technical Skills
  • Candidates should possess a Bachelor’s Degree, HND, Master’s Degree qualification.
  • Good knowledge and understanding of the principles of product development, brand management and business intelligence
  • Good knowledge of the leading products and services available in the global market
  • Expert knowledge of Fedeth’s products and services.
  • In-depth knowledge of the Nigerian Financial Services Industry
Application Closing Date 24th September, 2021.
How to Apply Interested and qualified candidates should send their Applications to: fedethrecruitment@fedethmfb.com using the Job Title as the subject of the mail. 2. Credit Risk Officer
Job Title: Credit Risk Officer Location: Abuja (FCT) Employment Type: Full-time
Duties and Responsibilities
  • Set up an end to end Credit Risk Management Department
  • Develop and obtain approvals for all credit related policies, product papers, approval limits and related requirements for the proper working of a credit risk management unit
  • Review and provide feedback about the completed loan application form on any missing or unclear documents in the application thereby ensuring all required supportive documents for the credit analysis have been submitted
  • Conduct credit evaluation/ analysis for retail and MSME clients and make appropriate recommendation in line with credit policy
  • Ensure proposed facility are structured appropriately in line with transaction dynamics, repayment structure and customer’s cashflow.
  • Ensure compliance to target market, risk acceptance criteria and overall Credit policy
  • Conduct Risk Rating and Credit scoring for all loan request
  • Conduct financial and non-financial business analysis on proposed request and interpret generated financial ratios/ performance indicators
  • Perform Credit status enquiry and act as interface to other Credit bureaus with regards to submission of data (CRMS, CR, CRC e.t.c)
  • Review of Credit portfolio for sustained quality, performance and compliance with approved terms and conditions as well as Credit policy
  • Recommend credit for final approval, follow-up with the required DLA to ensure request are approved timely and communicate approval to market facing units
  • Ensure that all pre-disbursement conditions are met
  • Ensure that limits are monitored; maturing repayments and all receivables on accounts are collected
  • Good knowledge and interpretation of the CBN policies related to loan management
  • Conduct credit stress testing and advise management on best action to manage portfolio
  • Identification of credit related early warning signals and flagging likely problems before they crystallize
  • Prepare on a timely basis, the rendition of all relevant regulatory returns
  • Liaise with Financial Control Department (FINCON) to prepare Capital Adequacy Ratios and loan impairment in line with CBN prudential guidelines and IFRS requirements
  • Credit call visits to customers with relationship management team.
  • Liaise with Legal Unit and ensure that all security documentations comply with terms of approval and are enforceable
  • Ensure proper filling of customer loan documentation in line with the requirement of the CBN prudential guideline
  • Builds relationship with RMs and Relationship/platform Officers to improve quality of business proposals and turnaround time on credit evaluations.
  • Identify deteriorating accounts for prudential classification and transfer to the recovery team
  • Revise and propose changes to existing Credit Risk policies
  • Prepare relevant risk reports for the Risk Management Committee and relevant Board committees
  • Staff training internally (credit staff) and externally as may be required
  • Carry out such other duties that may be delegated to it by Head, ERM.
Internal / External Contacts:
  • Internal Staff
  • Clients
  • Regulators (CBN, SEC)
  • Auditors (PWC).
Key Performance Indicator (KPI):
  • Non-Performing Loan Ratio (NPL)
  • Cost of Risk (Impairment Charges/ Loan loss provisioning)
  • Credit Risk Management Rating and Perception
  • Process Efficiency
  • Zero regulatory sanction relating to Credit Risk
  • Turnaround time (TAT) to conclude on credit request after receipt of all required information/documentation is (6hrs for PP/Retail and 48 hours for MSME).
Key Competence Requirements
  • Candidates should possess a Bachelor’s Degree, Master’s Degree qualification with 2 – 3 years work experience.
  • Good knowledge of CBN policies on credit and loan administration
  • Knowledge of retail banking and micro lending
  • Strong proficiency in analyzing and evaluating financial information
  • Computer proficiency particularly with spreadsheet
  • Attention to detail; thorough, particular and accurate
  • A demonstrated knowledge of finance, accounting and risk management
  • Communicate in clear, concise and effective written and verbal formats
  • Excellent interpersonal skills
  • Energetic and with sound decision making skills.
Application Closing Date 24th September, 2021.
How to Apply Interested and qualified candidates should send their Applications to: fedethrecruitment@fedethmfb.com using the Job Title as the subject of the mail.
3. Executive Assistant to MD / CEO
Job Title: Executive Assistant to MD / CEO Location: Abuja (FCT) Employment Type: Internship
Job Summary
  • Assist the Managing Director/CEO in areas as requested by the MD.
Key Responsibilities
  • Prepare and monitor reports to the MD.
  • Follow up on MD’s action points and prepare regular reports to the MD.
  • Organise and maintain the MD’s diary and make appointments on his behalf.
  • Represent the MD at meetings as appropriate
  • Attend to the MD’s guests when the MD is not available
  • Carry out background research and present findings on matters of concern to the MD.
  • Perform basic financial analysis of projects.
  • Initiate projects for MD’s consideration.
  • Co-ordinate interface between MD’s office and other departments.
  • Perform other related duties assigned by the MD from time to time
  • Handling correspondence directed to the executive director.
  • Coordinating travel arrangements and detailed travel itineraries
  • Document production, reports writing and presentations.
  • Developing presentations and conducting research for the CEO on various areas.
  • Maintaining the current filing and database system.
  • Interfacing with executives, internal and external colleagues
  • Organising meetings and documenting minutes of meetings when necessary.
Job Requirements / Skills Qualfication:
  • Candidates should possess a Bachelor’s Degree / HND qualification.
Technical Skills:
  • Demonstrated working knowledge of productivity tools such as the Microsoft Word, Excel, Access, etc. and preparing and maintaining accurate records.
  • Demonstrated working knowledge of regulatory requirements of the Finance industry in Nigeria.
  • Demonstrated ability to work with data.
  • Ability to work with a diversity of individuals especially senior and high-ranking personalities.
  • Demonstrated problem solving ability required to identify issues and create action plans.
  • Demonstrated ability to maintain confidentiality; meet deadlines and schedules; work with detailed information/data; work in multiple locations (by assignment); and multitask.
Soft Skills:
  • Excellent communication (written and oral), interpersonal and negotiation skills.
  • High level of integrity and demonstrated ability to manage confidential information.
  • Good analytical and problem-solving skills.
  • Excellent organisation and management skills.
  • High sense of responsibility, accountability and dependability.
  • Demonstrated ability to analyse situations and make appropriate decisions without immediate supervision.
  • Ability to work with minimal or no supervision.
  • Ability to communicate effectively with Senior Management.
Application Closing Date 13th September, 2021.
How to Apply Interested and qualified candidates should send their Application to: fedethrecruitment@fedethmfb.com using the Job Title as the subject of the mail. 4. Internal Control and Compliance Officer
Job Title: Internal Control and Compliance Officer Location: Abuja (FCT) Employment Type: Full-time
Job Summary
  • To review all internal processes, systems and policies and make recommendations to ensure the risk to the business is minimised with a view to delivering improvements by advising, coaching and facilitating in order to not undermine the responsibility of management.
Main Duties & Responsibilities
  • To plan, organize and carry out the internal controls function including the preparation of an audit manual and audit plan.
  • Conduct risk assessment of all departments
  • Reports risk management issues and internal controls deficiencies identified directly to the CFO and Company Board and provides recommendations for improving the organisation’s operations.
  • Evaluate compliance with existing Fedeth policies and procedures, identifying and proposing modifications as needed.
  • Identify areas of strengths and weaknesses and engage in continuous education and staff development re best practices
  • Review the responses to internal and external audit management letter queries to ensure that recommendations are implemented and ensure that all action items are resolved
  • Issuance of cheque books and stamps to branches and Head Office departments
  • Review of credit bookings and system limit for approvals, documentation and perfection
  • Review of risk asset reports for unauthorised credits disbursements and set up rates
  • Review of the cheques-in-clearing process for irregularities
  • Monitor month end and customer’s statement distribution for prompt and efficient delivery service
  • Review of contingent asset and liability instruments for proper approvals and documentation in compliance with the organisation’s credit policy
  • Review of credits in general for performance and recovery efforts on problem loans
  • Review customer complaint register and suggestion boxes
  • Review all sensitive accounts as determined by the Head Internal Control and Operational Risk to ensure that they are operated in line with the approved policy of Fedeth
  • Evaluate regulatory compliance program
  • Formulate policies and procedures to improve internal controls, compliance and efficiency
  • Lead the process for internal controls reviews across the group
  • Deliver adequate and timely reporting on the internal control framework and control
  • Deficiencies to ensure appropriate communication, documentation, escalation to business partners, senior leadership and audit committee
  • Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies
  • Work collaboratively with business and process owners to implement and monitor remediation efforts that result from internal control assessments, ensuring the effective implementation of corrective action.
  • Actively seek standardization and automation, apply and implement best practices for managing internal controls and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, provides support to the company’s anti-fraud programs.
  • All other duties as reasonably requested
Requirements
  • Candidates should possess a Bachelor’s Degree, HND qualification with 2 – 4 years work experience.
Technical Skills:
  • High level of integrity
  • Excellent understanding of regulatory universe
  • Deep knowledge of global leading strategies for operational risk management
  • Excellent modelling skills using excel and other modelling software
  • A deep understanding of Fedeth’s processes and procedures
Soft Skills:
  • Good leadership, supervisory and people management skills
  • Good analytical and problem-solving skills
  • Excellent presentation and facilitation skills
  • Excellent communication (written and oral) and interpersonal skills
  • High sense of responsibility, accountability, and dependability
Application Closing Date 13th September, 2021.
How to Apply Interested and qualified candidates should send their Applications to: fedethrecruitment@fedethmfb.com using the job title as the subject of the mail. 5. Infrastructure and Network
Job Title: Infrastructure and Network Officer Location: Abuja (FCT) Employment Type: Full-time
Job Summary
  • The network and Infrastructure officer will be responsible for installing and configuring computer hardware, software, systems, networks, printers and scanners for the bank.
  • Monitoring and maintaining computer systems and networks. Providing technical support across the bank.
Roles / Responsibilities
  • Installs configures and troubleshoots desktop systems, workstations, servers and network issues in a heterogeneous environment.
  • Testing and evaluating new programs
  • Identifying areas for modification in existing programs and subsequently developing these modifications
  • Determining operational practicality
  • He will assist the head of the department with developing and improving team documentation and procedures.
  • Produce a significant portion of complex documentation set that complies with documentation plan requirements in line with current.
  • Develop complex user scenarios that demonstrate the use of the product.
  • Conduct careful analysis to design and write the documentation associated with a project.
  • Support development of standardized documents and templates in line with global protocols.
  • Create plans to ensure system compliance, including writing and editing documentation.
  • Strict attention to detail; adherence to rigid guidelines and processes; ability to validate, update and maintain accurate records.
  • Maintain (check-in, checkout) the Project Library hard copy and electronic copy.
  • Ensure Master Documents Lists for all libraries are main[1]tained and current.
  • Provides day-to-day technical support for network infrastructure and desktop systems software and hardware.
  • Utilizes soft skills and troubleshooting skills to resolve client issues and questions.
  • Installs configures and troubleshoots desktop systems, workstations, servers and network issues in a heterogeneous envi[1]ronment.
  • Operate and maintain a variety of specialized equipment and software related to the upgrade, installation and repair of network systems; utilize a variety of hand and power tools to make repairs.
  • Vlan trunking protocol and inter-VLAN communica[1]tion spanning tree, Ether Channel
  • Configuring a Cisco router, Password, login banner, Assigning IPv6, static routing, switch port security.
  • Configuring switches
  • Configuring Voice VLAN, RIP, Hypervisor
  • Port Channel Configuration, Storm Control, IP Subnetting, Troubleshooting IP.
  • Attending to Networking issues & Wiring
  • Active Directory, Practical Use of VMware & Virtual Box
  • Microsoft Active Directory, Azure, Office 365, Windows
  • Documentation of Processes, Infrastructure & Network Administration
  • Vlan trunking protocol and inter-VLAN communica[1]tion spanning-tree, Ether Channel
  • Configuring a Cisco router, Password, login banner, Assigning
  • IPv6, static routing, switch port security.
  • Configuring switches
  • Configuring Voice VLAN, RIP, Hypervisor
  • Port Channel Configuration, Storm Control, IP Subnet[1]ting, Troubleshooting IP.
  • Attending to Networking issues & Wiring
  • Active Directory, Practical Use of VMware & Virtual Box.
Requirements
  • Candidates should possess a Bachelor’s Degree / HND in relevant fields.
  • 2 – 4 years of work experience.
Application Closing Date 13th September, 2021.
How to Apply Interested and qualified candidates should send their Applications to: fedethrecruitment@fedethmfb.com using the job title as the subject of the mail.

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