Job Title: Managing Director

Location: Rwamagana, Gicumbi, Rubavu, or Nyamagabe

Reports to: Chairman of the Board

Position Type: Full-Time

Applicants must meet all legal requirements for employment in Rwanda, including holding appropriate citizenship or residency status.

Background:

As part of Rwanda's ambitious long-term development plan to become a high-income country by 2050, we are transforming our financial sector through innovative initiatives. The Umurenge Savings and Credit Cooperatives (U-SACCOs), now consolidated into District SACCOs (D-SACCOs), play a pivotal role in creating inclusive financial systems across Rwanda. We are seeking an exceptional leader to drive this transformation forward.

The U-SACCOs were established as part of the National Savings Mobilization Strategy, with 416 cooperatives serving over 3.2 million members nationwide. Following successful automation under a shared Core Banking System, the next stage is consolidating these into 30 D-SACCOs. This strategic move aims to enhance operational efficiency and expand financial services across districts.

Job Summary

We invite applications for the position of Managing Director at one of the named District SACCOs. Reporting directly to the Chairman of the Board, you will spearhead daily operations ensuring regulatory compliance while driving strategic growth initiatives. Your leadership will be instrumental in setting goals aligned with the mission and oversee management functions that support D-SACCO development. Key duties include creating marketing strategies, preparing financial reports, guiding risk management and building staff capacity.

Key Responsibilities:

• Oversee daily operations of the District SACCO, ensuring compliance with all regulatory requirements.
• Set and execute growth strategies, manage District SACCO development, and oversee all management functions.
• Develop plans, budgets, and initiatives as directed by the Board of Directors.
• Create and maintain marketing and public relations strategies to promote District SACCO’s products and services.
• Prepare financial and narrative reports for stakeholders and ensure transparent reporting.
• Lead staff development through training programs and skill enhancement.
• Approve internal audit plans and guide risk management, treasury, and capital planning.
• Drive operational improvement through strategic recommendations and efficiency initiatives.
• Ensure high-quality service for District SACCO members and fulfill Board-assigned duties.

Experience and Qualifications:

• Master’s or Bachelor’s degree in Finance, Economics, Management or Accounting
• Minimum 10 years in senior management roles within microfinance or banking sectors
• At least 7 years in senior roles in finance or banking
• Professional certifications such as CPA, ACCA or CIFA highly preferred
• Proven leadership skills combined with strong relationship-building abilities
• Excellent analytical and organizational skills with fluency in English (French is an asset)

Application Submission Instructions

To apply for this role, please submit your updated CV, relevant certificates, identification document and a cover letter that highlights your knowledge, experience, motivation and suitability for the position through the NFT Consult website here.

Please note that only applications submitted through our official website will be considered valid for review purposes. Only candidates who pass preselection will be contacted for further assessment.

Deadline for applications: 28th February 2025, 5pm CAT