AB Microfinance Bank Salary Structure (2024)
Last updated on August 4th, 2023 at 08:14 pm
Microfinance banks have been around for quite lengthy moment, and it’s wonderful to see them gain more respect as time passes. One of the most well-known microfinance institution is AB Microfinance Bank, and we’ll walk you through their salary structure and hiring process.
OVERVIEW OF AB MICROFINANCE BANK
AB Microfinance Bank is a Limited Liability Company that was established in 2002 under the Companies and Allied Matters Act. The Nigerian Central Bank supervises the bank. It takes pride in being a company with a passion for assisting and improving the business chances of entrepreneurs.
By doing so, AB MfB positions itself as a tool for budding and existing entrepreneurs to have access to affordable loans and better their financial situation. As more than just a financial institution, the AB Microfinance Bank has an excellent group of shareholders that are dedicated to improving the country’s financial services.
Access Microfinance Holding AG of Germany, KfW – the German Development Bank, the African Development Bank, and the World Bank Group’s International Finance Corporation are among the shareholders.
This firm has a track record of efficiently monitoring, administering, and establishing microfinance banks across Africa and Asia, including Nigeria, Rwanda, Tanzania, and Tajikistan. The corporate headquarters of AB Microfinance Bank is in Lagos, with branch offices in Oyo, Ogun, Anambra, and Ondo states.
AB MICROFINANCE BANK SALARY STRUCTURE (2024)
AB Microfinance Bank structure of pay, salary cutoffs and structures, as usual, are based exclusively on locales, job positions, job descriptions and criteria, and even organizational standards. According to our research, they are one of the highest paying microfinace banks in Nigeria and typical income of an AB microfinance Bank employee varies depending on job title and role.
CASHIERS
A Bank Cashier, also known as a Bank Teller, is a person who works in a bank and helps customers with their worries and complaints. Customers are greeted, accounts are opened and closed, and deposits and withdrawals are handled.
A bank cashier is frequently the first person with whom customers interact. As a result, they must have a broad understanding of all financial processes as well as a kind demeanor.
Cashiers at AB Microfinance Bank earn about ₦53,000 to ₦85,000 as monthly salary.
IT PERSONNEL
IT officers are frequently in charge of the bank’s computer sector. They are in charge of ensuring the smooth operation of electronic machines and must resolve any issues as soon as possible. They are frequently required to visit the facilities in shifts and are tasked with installing them in new locations.
AB Microfinance Bank pays their IT personnel between ₦100,000 and ₦300,000 per month as salary.
CLIENT ADVISORS
Client Consultants assist with a variety of banking operations, including bill payments, deposits and withdrawals, foreign exchange requests, bank drafts, and more. They also always take the time to answer general banking concerns and resolve consumer difficulties in a friendly and helpful manner.
At AB Microfinance Bank, client advisors are paid between ₦90,000 to ₦250,000 as monthly salary.
FRONT DESK
A front desk clerk is the company’s, hotel’s, or doctor’s office’s first line of interaction with customers. They handle important front-desk administrative tasks such as answering phones, greeting clients, and keeping track of the office budget. These staff are as well-known as the receptionist at the front desk.
At AB Microfinance bank, a front desk employee’s salary ranges from ₦45,000 to ₦100,000.
INTERNAL CONTROL/AUDIT
Internal auditing gives a bank’s board of directors and senior management (as well as bank supervisors) critical confidence about the soundness of the bank’s internal control system. As a result, the function aids in the reduction of the bank’s possibility of losing and reputational harm.
Internal Control employees at AB Microfinance Bank are paid between ₦75,000 to ₦200,000 as monthly salary.
BANKING OFFICERS
A banking officer has the legal authority to operate on account of a bank, form agreements, and sign documents. Many facets of a retail banking environment are overseen by a banking officer.
Monitoring operations for proper accounting procedures, authorizing loan packages, and creating relationships with banking clients are some of the general responsibilities.
Banking Officers at AB Microfinance Bank are paid between ₦100,000 and ₦300,000 as salary each month.
BRANCH MANAGER
A branch manager is in charge of overseeing and managing a bank branch. They’ll be in charge of financial reporting, hiring and training employees, and increasing branch revenue. Managing and overseeing personnel, assisting clients, and delivering outstanding customer service are all responsibilities.
Branch Managers of AB Microfinance Bank are compensated well. In a financial institution, a Branch Manager’s salary ranges from ₦208,000 to ₦1.7 million, depending on the level of experience.
MANAGEMENT STAFFS
Management staffs as well as financial managers evaluate financial information and create statements for higher management and owners in the banking industry, according to the Bureau of Labor Statistics. Financial managers frequently have supervisory responsibilities, overseeing staff such as bookkeepers and accounting clerks. Financial managers also engage closely with upper management, advising on cost-cutting and profit-boosting strategies.
In AB Microfinance Bank, management staff earns more than a million naira.
AB MICROFINANCE BANK RECRUITMENT
The recruitment procedure with AB Microfinance Bank is simple and uncomplicated, and it comes with a number of advantages.
As component of the institution’s ideals, it creates a way that promotes equal opportunity in recruiting and employment by not discriminating based on legal status or qualities.
It provides a platform for bold, diligent, and ambitious minds prepared to take on the problems of Nigeria’s microfinance landscape.
Job openings are normally posted on the company’s website, www.abmfbnigeria.com/careers, according to the involved processes. There, you must fill out a form with personal information such as your complete name, date of birth, residence address, qualification, certification, and a résumé upload. Yes, it’s that simple.
As much as you can, keep in mind that a CV is not the same as a résumé and must be suited to the job description.
CONCLUSION
With all of these numbers in mind, there is a lot to look forward to if you choose to work for this financial organization. AB Microfinance Bank is without a doubt one of the highest paid Microfinance institutions in the country.
