Executive Director Employment Opportunity – EFC Uganda Limited (MDI)

Job Title:      Executive Director (ED)
Organization: EFC Uganda Limited (MDI)
Duty Station: Kampala, Uganda
Reports to: Managing Director (MD)
About US:
EFC
Uganda Limited (MDI) is a leading deposit taking Microfinance Company supervised
by the Bank of Uganda and it provides financial services to micro and small
size enterprises (MSEs). Its major purpose is to provide increased access to
specialized financial services for entrepreneurs while contributing to wealth
creation, improvement of living conditions and development of the Ugandan
private sector.
Job Summary: The Executive Director (ED) will collaborate with
and support the MD to provide leadership and direction to the implementation
and achievement of the EFC’s vision, mission, values and strategic goals and
objectives. In exercising his/her executive powers under the “four eyes”
principle, the ED is accountable for overseeing and supporting the
institution’s operations to ensure efficiency, service quality, financial
performance in terms of profitability and growth and cost-effective management
of resources. The incumbent will be responsible for the implementation of the
“four eyes” responsibility in EFC in accordance with Central Bank requirements
obliges “the involvement of the ED’s approval in every major management
decision of the institution which would require the sole discretion of the MD
to commit the institution.” The ED is therefore primarily responsible to
collaborate with and support the MD to assure effective risk management
combined with the efficient, productive and profitable operations of all EFC
business activities.
Key Duties and Responsibilities: 
  • Governance – supports the operations and
    administration of the Board of Directors by advising and informing Board members
    and serving as the secondary Company interface with the Board;
  • Human Resources Management – provides strong leadership and
    effectively manages EFC human resources according to authorized personnel
    policies and procedures that fully conform to statutory requirements;
  • Strategic Planning & Management
    supports oversight of the planning, drafting and implementation of the
    Company’s strategic and business plans and budgets including (i) setting
    strategic and financial objectives, (ii) recommending annual budgets for
    Board approval, (iii) prudently managing all EFC resources within budget
    parameters and according to policies and statutory requirements, and (iv)
    product and service design, testing, marketing, promotion, delivery and
    quality;
  • Risk Management – supports oversight of the
    development and implementation of a risk management framework (i.e.
    credit, liquidity, interest rates, foreign exchange, transaction, fraud,
    business continuity, compliance, legal, governance, reputation, and
    external business risks) ensuring key risk related performance indicators
    are effectively managed within the prescribed limits;
  • Community, Public & Stakeholder Relations
    ensures the EFC vision, mission and values together with its products and
    services are consistently presented in a strong and positive image to all
    relevant stakeholders and supports oversight of the funding/fundraising
    planning and implementation, including identifying resource requirements,
    researching funding sources, establishing strategies to approach funders,
    submitting proposals and administrating fundraising records and
    documentation.
  • Other Duties:
    • Support the design and
      implementation of the EFC strategic plan to advance its mission and
      objectives and to promote revenue, profitability, growth and a strong and
      clear institutional and organizational culture;
    • Support the oversight of company
      operations to ensure efficiency, service quality, and cost-effective
      management of resources;
    • Support the oversight of planning,
      development, and implementation of strategies for generating resources
      and/or revenues for the EFC;
    • Support the recommending of policies
      and standards for Board approval;
    • Keenly review activity reports and
      financial statements to determine progress and status in attaining
      objectives and revise objectives and plans in accordance with current
      conditions as required;
    • Evaluate performance of Executive
      and Senior Management teams for compliance with established policies and
      objectives of the EFC and their contributions in attaining objectives;
    • Actively promote the EFC through
      written articles and personal profiling as appropriate;
    • Represent the EFC with regulators
      and through related sector meetings and at formal functions;
    • Build funding/fundraising,
      stakeholder and community networks using personal contacts, direct mail,
      special events, and Board / Shareholder support;
    • Support the drafting and
      presentation of EFC Quarterly and Annual Reports at Shareholder and Board
      of Director meetings;
    • Support the directing of EFC
      strategic planning and policy-making committees;
    • Report urgently to the Board any
      situation where the ED’s opinion contrasts with the MD and the MD takes a
      final decision on the course of action in dispute (note this applies only
      to major management decisions of the institution which would require the
      sole discretion of the MD to commit the institution as authorized in the
      Delegation of Authorities and Delegation of Lending Authorities
      Policies);
    • Perform any other duties and
      responsibilities as assigned by the MD.
Qualifications, Skills and Experience: 
  • The ideal candidate for the Executive
    Director (ED) career opportunity should preferably hold a Master’s in
    Business Administration, Finance or Accounting, but a Bachelors may be
    considered combined with relevant experience; related studies desirable
    but a Bachelors may be considered combined with relevant experience;
  • At least eight years of progressive
    experience in credit related positions of which three years should be of
    relevant senior management/executive experience in a financial institution
    focusing on credit operations (microfinance and MSE lending is desirable);
  • The incumbent should have broad practical
    knowledge of and experience in risk and operations management in the
    financial services sector and the foresight to see how the intricate
    day-to-day activities link with and support the achievement of the vision
    and mission of the EFC.
  • Ability to manage multiple priorities and
    deadlines;
  • Excellent problem solving skills and capacity
    for adaptability and work under pressure;
  • Ability to manage a team of broad range of
    experience, competencies and technical skills
  • Effective leadership, conflict management and
    negotiation skills.
  • Excellent oral and written communication
    skills in English;
How to Apply:
All
suitably qualified and interested candidates are encouraged to send a letter of
interest explaining their motivation for the position applied for together with
their Curriculum Vitae, three professional references and copies of academic
certificates/diplomas. The complete applications must be sent via E-mail only
to: HR_OFFICER@efcug.com.
NB: The job title should be included in the subject
of each application.
Deadline: 8th July 2016 by 02:00 PM
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