Meklit Microfinance Institution S.C is a Commercial Microfinance institution S.C initially established according to proclamation no. 40/96 and recently revised proclamation 626/2009 issued by National Bank Of Ethiopia to provide financial and non-financial services to Medium, Small Enterprise and  the low income people, particularly women, at both urban and rural areas of Ethiopia.

Meklit MFI is currently looking for candidates for the vacant position of Managing Director. The successful candidates will have skills and experience that meet the following requirements:

The General Manager (GM) is the principal executive officer and legal representative of the Institution. He/she is responsible for providing strategic direction, planning, organizing, directing and coordinating and implementing the overall functions of Meklit MFI. S/he ensures efficient and cost effective operations of all activities and the fulfillment of the mission, goals, and objectives of the Institution. Under the general guidance of the Board and in collaboration with the staff he develops annual implementation plans and budget, accomplishes the plan, and ensure that an appropriate monitoring system is in place to track progress and deviations of the financial service implementation.

SPECIFIC DUTIES AND RESPONSIBILITIES

Job Responsibility #1: Staff Management

• Directs supervises, leads, guides, coaches and supports Department Managers/Operation, Marketing, Finance and Administration, Internal Audit Service Heads, Legal Service Head, Risk Management Unit Head, MIS Unite Head, Branch Managers and Executive Secretary;
• Ensures that all staff have appropriate individual operational plans linked to operational priorities;
• Evaluates the performance of staff directly responsible to him/her;
• Assesses staff development needs and provides/recommends training, coaching and mentoring or other activities to increase technical and management skills; 
• Delegates his/her authorities to the employees of Meklit MFI to the extent necessary;
• Ensures that the Team Building and Team Spirit of the MFI is realized both at branch and head office management committee levels with participatory decision-making process, gender equality, cost effectiveness, staff motivation and spirit of dedication at all levels;

Job Responsibility #2: Planning, Implementation Monitoring and Evaluation

• Plans, organizes, directs, co-ordinates and controls the day-to-day functions of the Institution and facilitates the work of departmental managers and other immediate subordinates;
• Coordinates the formulation of the Institution’s short, medium and long-term objectives  and overall policies, rules, regulations and guidelines based on the mission, and goals stated in the strategic document of Meklit MFI;
• Continuously studies and devises new systems and methods that can help the Institution to perform its activities in more efficient and effective manner in its endeavor to achieve its goals and objectives;
• Studies and submits proposals of issues requiring formulation of new policies and or procedures to the Board of Directors and implements it after approval;
• Presents his annual Action Plan and Budget for the approval of the Board of Directors, defends it and fully implement it after obtaining their approval;
• Ensures that all activities are executed per approved work plan and program;
• Makes all managerial decisions based on the general framework of policies and procedures established;
• Takes the lead responsibility for ensuring that Meklit MFI’s monitoring and evaluation systems are participatory, effective and responsive to all stakeholders and incorporate lessons learned;
• Ensures that all operations are transparent and free of favoritism, and corruption;
• Organizes a monitoring system for tracking program performance and decision making.

Job Responsibility #3:  Financial and Administrative Management:

• Ensures efficient and cost effective operations of all functions of the Organization;
• Ensures that the Institution’s assets are properly managed and safeguarded;
• Ensures that Institution’s policies, procedures and guidelines are properly implemented and followed up by all staffs;
• Approves administrative and financial requests within the power delegated to him/her by the Board of Directors and policies and regulations of the Institution;
• Ensures that recruitment, placement, training, salary increment, promotion, transfer, termination and disciplinary measures are executed in accordance with the rules and regulations stipulated in the Administration Manual;
• Ensures that all operations are transparent and free of favoritism, and corruption;
• Takes affirmative action and ensures that gender responsiveness is given adequate attention during employment, promotion and other human resource development undertakings;
• Ensures clear management, lines of authority and supervision are in place so that effective delegation of authority and responsibility and appropriate functioning of the programs exist in a transparent, accountable and participatory manner
• Represents the Institution legally in front of all third parties and signs agreements, statements, contracts, certificates, etc. in the name of the Institution as per the delegation of the Board of Directors.

Responsibility #4: Coordination, Networking and Reporting

• Ensures that the flows of communication between branches and the Head office and between themselves are smooth and efficient and also permits the workforce to forward their ideas and comments towards the improvement of the overall performance of the Institution.
• Ensures periodic and regular comprehensive and high quality financial utilization and activity progress reports are produced and submitted to the Board of Directors, Donors, and concerned government Institutions;
• Facilitates and ensures that financial statements of Meklit MFI are audited annually and submitted to the Board and concerned government institutions; 
• Ensures that information on Meklit MFI and on its operation and experiences are documented and best practices are shared with members & other stakeholders;
• Establishes and maintains relationship and co-operation with government, donors, NGOs, MFIs and other stakeholders to promote the objectives and build the image and credibility of Meklit MFI;
• Implements Board and audit recommendations related to the Institution.

Responsibility #5: Other

• Performs other duties that are useful to the Institution by his own initiative/or assigned by the Board of Directors.

EDUCATION/TRAINING

• MA/MSc. degree in Management, Accounting, Rural Development, Development Economics or equivalent combination of education and work experience.

 EXPERIENCE:

• A minimum of 12 years of work experience, out of which 5 years in managerial position. Preferably in MFI.

 TECHNICAL AND OTHER SKILLS

• Ability to provide leadership, communicate effectively, and promote a team approach to enhance staff commitment to successfully implement the Institution’s Strategic Plan;
• Demonstrated technical and managerial ability, sound judgment, ability to interact and work effectively with others at all levels;
• Good conceptual understanding of participatory approach and sustainable development;
• Firm belief in teamwork and gender equality;
• Basic computer skills
• Excellent written and oral communication skills.