Business Development Manager

Wealthnet Finance PLC

JOB OPPORTUNITIES

Wealthnet Finance Public Limited Company is registered and regulated by the Reserve Bank of Malawi as a Deposit Taking Microfinance Institution. The company owns a digital banking and payment platform called KakuPay Smart Money. In short, the company does banking and mobile money business. The company was established to profitably support Malawians build wealth and be financially free and self-reliant. Through its Kakupay Smart Money platform, Wealthnet is implementing an Electronic Payment Services Climate Smart Enhanced Public Works Programme (CSPWP) and Social Cash Transfer Programme (SCTP) in Mzimba, Mwanza, Neno and Zomba Districts. The institution is looking for visionary, innovative and strong candidates to take on the positions listed as follow;

BUSINESS DEVELOPMENT MANAGER (1)

Reporting to: Head of Digital Business

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:

a. 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.

b. 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.

c. 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 in compliance with the regulatory (RBM and NLGFC) approved policy framework.

Qualification, Experience and Skills;

  • 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.

HOW TO APPLY

Interested and qualified individuals can send their motivational letter and Resume with 3 traceable referees to the following address before Friday, 25th October 2024. Please indicate on the envelope the position you are applying for.

The Human Resource and Administration Manager,

Wealthnet Finance PLC,

P/Bag B444,

Lilongwe 3.

Or you may submit the application letters at our Blantyre Offices in Kabula House, Blantyre CBD and Lilongwe Offices at Mvuma House in Area 6 Off M1 (200m from Mbowe Filling Station), Plot Number 06/150 (Opposite Mlambe Lodge).

VERY IMPORTANT NOTE: Please indicate your expected salary and benefits in the application letter. You will not be called for interviews if these are not clearly indicated. Please note that only shortlisted candidates will be contacted.