About the Role
Bosak Microfinance Bank Limited was incorporated in December 2009 with the core objective of providing financial services to micro-clients who are traditionally excluded from the mainstream financial system. We are currently seeking a results-driven and experienced Area Manager to lead our regional operations, drive business expansion, and ensure the delivery of exceptional financial services.
Key Responsibilities- Drive the introduction and promotion of Bosak MFB, Bosak Trade Loan (BTL), and other innovative financial products to prospective customers.
- Supervise and manage all Business Managers and Loan Officers within the designated Area Office to foster high productivity.
- Monitor business performance, provide operational support, and aggressively drive the achievement of business and loan portfolio targets.
- Build and maintain strong, strategic relationships with market associations, business groups, and key 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 or register updates, and the issuance of official tellers.
- Ensure proper documentation, record keeping, monitoring, and supervision of all Area Office activities.
- Assess and interpret customer accounts and transaction history accurately on the system.
- Ensure effective group management, robust loan monitoring, and outstanding repayment performance.
- Identify portfolio risks, follow up on delinquent accounts proactively, and support effective recovery efforts.
- Mandatory: Proven, hands-on previous experience working in a Microfinance Bank (MFB).
- Strong, comprehensive knowledge of microfinance lending and group lending operations.
- Demonstrated ability to successfully supervise, mentor, and manage Loan Officers and Business Managers.
- In-depth understanding of loan appraisal, collections, portfolio monitoring, and debt recovery.
- Exceptional communication, leadership, and relationship-management skills.
- Target-driven mindset with the proven ability to manage and motivate a high-performing field team.
- Candidates with strong, localized knowledge of the Ikorodu market will have a distinct added advantage.
- Competitive salary package commensurate with experience and industry standards.
- Performance-based bonuses and attractive financial incentives.
- Comprehensive health insurance and medical benefits.
- Opportunities for continuous professional development and career advancement.