Business Finance Executive at Ithala Development Finance Corporation Limited

The Executive: Business Finance will: 

• Lead the development and manage the implementation of appropriate policies, business processes and standard operating procedures for the business unit. 
• Lead the development of short, medium and long operational plans in line with the corporate strategic plan. 
• Direct the measurement and reporting on the attainment of objectives for the business unit’s strategic operational plans by facilitating meetings with Divisional Heads department. 
• Manage risks to the Business unit by timeously and systematically identifying risks and developing appropriate risk mitigation strategies. 
• Lead the implementation of service delivery improvement programmes and business systems enhancement. 
• Ensure that there is full compliance by the business unit with relevant legislation, policies and guidelines. 
• Direct and evaluate the processes in terms of loan applications which includes ensuring the collection and verification of information is monitored. 
• Report on the business units strategic and operational plans at Executive meetings. 
• Ensure the compilation and management of budgets and loan approval schedules is directed. 
• Direct and advise on initiatives and activities to support partnerships for IDFC clients through non – financial support and financial syndication. 
• Ensuring adherence to standard operating procedures in terms of monitoring. 
• Advise and monitor the implementation of suitable interventions to support distressed businesses. 
• Build and create strategic partnerships for the business unit. 
• Ensure key internal and external stakeholders are identified and relations are appropriately managed. 
• Enhance IDFC Visibility on various platforms. 
• Lead the development of the Business units’ budgets in accordance with IDFCs budget policy and regulations. 
• Attend relevant project steering committee meetings. 
• Ensure the budget processes are aligned to strategic planning processes and performance outputs. 
• Coordinate, control and report on budget inputs and variances during meetings as per stipulated deadlines. 
• Monitor capital expenditure spend in line with the fiscal budget. 
• Direct and control the key performance indicators of personnel and processes within the Business unit. 
• Determine staffing levels and prepare motivations for the filling of vacancies to complement functional objectives and requirements. 
• Define and adjust the role boundaries, workflow process and job designs against established service delivery requirements and statutory regulations. 
• Monitor relevant competitor activity and take appropriate action if required. 
• People Management. 

The following minimum requirements should be met to be considered: 
Qualifications:

• Post graduate qualification in Finance /Business Management /Commercial Law or an equivalent post graduate qualification. 
• An MBA will be advantageous.  

Experience:

• 8 – 10 Years’ experience in a financial institution (banking, developing finance and economic development) of which 5 – 7 years should be at a senior management level.