Branch Manager – Baidoa, Somalia

premier bank

Branch Manager – Baidoa, Somalia

Vacancy Announcement

April 26, 2022

  1. Initials
Position Branch Manager, Baidoa
Number of Vacancies 1 position
Department Corporate, SME, and Retail
Place Mogadishu
Application Deadline May 7, 2022(11:59 PM)

  1. Job Purpose and Summary
Job Purpose ·         To achieve branch targets on all perspectives in the scorecard including business growth, channel growth, deposits growth, income, costs, profitability, collections, customer experience, risk management and staff management.ng·         To provide first class customer service and management of the branch in all areas of the company’s business to enhance profitable operations of the Branch.

·         To ensure adherence and compliance with branch internal controls, policies, and procedures in branch operations

  1. Main Responsibilities and Duties
Key Responsibilities Brief Description of Duties
Business Strategies

 

 

·         Manage the branch to achieve assigned performance targets·         Formulate directives of identifying business opportunities

·         Develop and implement business and customer service strategies

·         Monitor, update, review and implement branch sales plan

·         Effectively allocate branch resources, including manpower, operational costs, promotion budgets etc.

Business Development ·         Develop and implement a branch channel development plan·         Monitor channel performance and feasibility.

·         Roll out new products and evaluate performance of existing products.

·         Identify and develop new channels including productive sectors

·         Develop annual targets for business development staff and monitor performance.

·         Grow deposits to achieve branch targets.

·         Grow card sales.

·         Roll out internet banking and branch targets for internet banking accounts.

·         Rollout and grow wallet deposits.

·         Grow fee income earnings.

·         Grow forex earnings.

 Customer Service ·         Ensure customer service excellence at branch levels.·         Implement bank KYC policies, procedures, and requirement.

·         Leverage technology to grow customer service excellence.

·         Monitor customer complaints and ensure prompt resolution.

·         Work closely with branch staff on handling customer complaints.

Financing and investment ·         Grow branch lending products including housing products and achieve branch portfolio growth targets.·         Develop and implement a branch collection plan to achieve collection targets.

·         Effectively manage portfolio quality to achieve NPL target of not more than n 3%.

·         Ensure compliance with the bank financing and investments policy.

People Management ·         Communicate bank information to branch employees.·         Maintain high team morale by motivating and recognizing staff.
Compliance and Risk Management ·         Manage operational risk, including identification, assessment, mitigation, and controls.·         Ensure application of control measures to minimize risk exposure of the Bank.
Cost Management & Business growth ·         Management of variable cost factor pertaining to branch Operations and to maintain the cost at minimum level and within budget to ensure branch efficiency.·         Facilitate growth in business and strengthen Bank by ensuring customer satisfaction, actively participate for retention of deposits, identify, and follow up on cross sell leads along with the branch manager to strengthen the liability position of the bank.
People Management ·         Develop and cascade the branch scorecard.·         Lead the branch team to set individual objectives, review performance appraisals and provide on-going feedback on a formal and informal basis so that all staff are aware of what they are required to achieve and how they are performing against their objectives.

·         Ensure implementation of a transparent and effective KPIs setting and appraisal process in time with local and regional guidelines.

·         Prepares and manages Department’s establishment, staff cost, and budgets to ensure that they are within the overall budget.

·         Identify in liaison with the Human Resources appropriate on the job training and development programmes and to act as internal resources development for staff being supervised.

·         Assessing manpower requirements in the form of well-structured operations, job descriptions and manning levels in the branch.

·         Communicate bank information to all branch employees.

  1. Key performance measures:
  1. Business Development
  • Deposit targets
  • Fee income targets
  • Channel growth
  • Card sales targets
  • Profitability
  • New Customer Acquisition – account opening
    1. Financing and Investments
  • Portfolio growth
  • Income growth
  • Collections
  • NPL

    1. Operations
  • Customer satisfaction rate
  • Customer retention rate
  • Transaction lead time
  • Number of transactions handled (#)
  • Customer Feedback/complaints Management -Provide regular customer feedback/ Customer satisfaction score/Customer product awareness score
  • Errors/Omissions-Number of mis-postings/errors /Number of average shortages per month in Cash (#)
  • Product Knowledge-Customer product awareness score
  • Audit &Compliance- Ensure compliance with internal policies and procedures
  • Cash Management- Proper cash management as per Cash procedure
    1. Human Resources management
  • No of staff achieving performance objectives
  • % Of staff attending planned training
  • Efficient leave management
    1. Important relationships
  • Job is both internally and externally focused, requiring that the individual is highly adaptable in terms of personal style and the development of business knowledge related to banking.
  • The jobholder should demonstrate capacity to develop and nurture an external network of relationships.
  • The jobholder may be invited to attend various senior forums both externally and internally in areas of: Product/Segment committee; new product development committee; Exco/SMT; Sales channel meetings.
  • The job should demonstrate capacity to develop and nurture relationship with the community and civic leaders that is mutually beneficial to bank.
  • Appropriate regional and cross-country forums may require participation to ensure teambuilding and sharing of best practice across the organisation.
  1. Key Competences, Skills, experience, and Knowledge
Key competences and Skills
·         Leadership to nurture and sustain employee satisfaction, manage changes, and develop employees to their full potential.·         Performance Management to optimize employee productivity.

·         Organization development to effectively structure the Branch operations functions for optimal performance.

·         Knowledge and experience in modern branch operations practices to provide guidance on quality improvements and operational changes.

·         Interpersonal skills to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact performance.

·         Quality orientation to effectively perform or guide performance of Branch operations activities/tasks in a manner that consistently produce high quality of service.

·         Knowledge and effective application of all relevant banking policies, processes, procedures, and internal control guidelines to consistently achieve required compliance standards or benchmarks

·         Self-empowerment to enable development of open communication, teamwork and trust that are needed to support true performance and customer-service oriented culture.

·         Excellent oral and written communication skills.

·         Planning and organizing skills for effectiveness in coordinating all branch operations daily.

Qualifications, Knowledge, and Experience
·         Degree in a business-related field from a recognized institution·         Comprehensive knowledge and understanding of Branch routine functions and risk control

·         Sound grounding in general banking with 3-5 years’ experience in Branch based environment with at least 2 years’ experience in supervisory function.

·         Supervision and productivity management experience, with leadership skills, for motivating, developing, and coordinating a team.

  1. Daily review reports
  2. List of overdraft transactions
  3. List of accounts opening
  4. List of reversed/deleted transactions
  5. Daily cash balances
  1. How to Apply

Interested candidates should submit their CVs and academic qualifications to hr@premierbank.so not later than May 7, 2022(11:59 PM), quoting the vacancy announcement title on the subject line of the email.

 

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