MINISTRY OF COMMUNICATIONS, SCIENCE AND TECHNOLOGY

                              CIRCULAR NOTICE NO.3 OF 2004

 

                                                                                                Ministry of Communications

                                                                                                                       P.O.Box 36

                                                                                                                       Maseru,100

CM/CIR/30                                                                                                 28 April 2004

The government has decided to re-establish the Lesotho Post Bank (LPB) under the auspices of the Ministry of Communications, Science and Technology. The aim being to re-introduce basic financial services that will utilise the distributed network  of the Lesotho Postal Services (LPS) infrastructure, a move anticipated to create a commercially driven, self-sustaining and affordable banking system.

It is anticipated that LPB will in the near future operate an efficient, modern and autonomous financial institution targeting small-scale household savings especially in the rural areas. This calls for competence in the management of such an organisation. LPB is now in the process of recruiting the staffing for the launch of its services.

It is against this background that applications are invited from suitably qualified candidates to fill the following position:

Chief Executive Officer (CEO)

Job Functions

The CEO shall have the scope of duties and authority as is customary and appropriate for an office that is the chief executive and management office of LPB and will be responsible to its customers, employees and shareholders.

The CEO is:

  • Responsible for balancing financial sustainability and social benefits

  • Responsible for strategic planning and development of business objectives

  • Responsible for the initiation of innovations in products and production

  • Responsible for directing the LPB towards a successful and manageable position in the financial market

  • Responsible for for the long term impact of the LPB, being an effective countervailing power in the market

  • Responsible for a significant contribution to the economic development of Lesotho

  • Responsible for contributing to the healthy development of the whole financial industry in Lesotho

  • Responsible for compliance to the financial regulations of the country

Job Description

The CEO shall:

  • Formulate overall business objectives and strategy

  • Liaise with government and the business world

  • Formulate and manage financial policies and plans

  • Formulate and manage operating policies and plans

  • Formulate and manage all human resource policies, plans and operations

  • Supervise the managers reporting to him/her

  • Manage international business relations

Job Supervision

  • Received from the Board of Directors of LPB

  • Exercised to Director Finance, Director Operations, Director Marketing and Director Change Management

Job Specification

  • MBA degree or equivalent

  • At least 5 years experience as a general manager

  • Banking experience will be an added advantage

Applications accompanied by certified copies of relevant certificates and the names and addresses of two referees should be submitted to:

The Deputy Principal Secretary

Ministry of Communications, Science and Technology

3rd Floor Moposo House

Kingsway Road, Maseru

Lesotho E-mail: t.lebakae@mcst.gov.ls

Fax: 22310003

 

The LPB will offer an attractive remuneration package for all senior management positions.

Deadline for submission of applications is the 26th May 2004

28 April 2004