VisionFund Malawi wishes to recruit a highly competent, proactive and self-driven Chief Executive Officer to grow the microfinance institution (MFI) to become a major provider of inclusive financial services in Malawi.
Purpose of the position:
To implement the strategic goals and objectives of the organization; give direction and leadership towards the achievement of the organization’s vision, mission, strategy, and its annual goals and objectives; represent the organization and strive to build a positive image in all relevant media.
Key Responsibilities:
Reporting to the Board of Directors and the VFI Regional Director, the CEO shall be responsible for:
• Ensuring that the vision, mission, purpose, goals, objectives, targets and outputs, and policies set by the Board are fully implemented, complied with and met.
• Funds Sourcing - Develop, acquire and maintain the necessary grants, credit lines, and other financial and non-financial resources necessary to meet the organization’s objectives
• Financial Management - Coordinate the budget planning process, and prudently manage organizational resources within those budget guidelines
• Risk management - In coordination with the various departments, establish and maintain an effective internal control and risk management system
• Community and Public Relations – Develop networks and strategic alliances to positively influence the economic policies.
• Policy formulation and implementation - Formulate and implement guidelines, procedures, internal regulations that are consistent with the policies set forth by the Board of Directors and industry regulators
• Institutional strengthening and capacity building
• Ensure that the institution complies with each of the requirements of the Bank of Malawi and other regulators
Knowledge, Skills and Abilities:
• Minimum of a Masters degree in Business Administration, Finance, Accounting, Management or some other related field
• At least ten years working experience, with two of them in senior leadership, in a combination of the following: Microfinance organization, banking institution, a progressive corporate environment, international business, or economic and business development institution.
• Clear understanding and experience of micro-finance industry and technology
• Determined personality with initiative, perseverance and the ability to motivate and manage a team
• Capability and willingness to lead the organization forward
• Be a good trainer, facilitator, mentor, and coach
• Very good communication and marketing skills
• Good knowledge in economic and financial topics
• Good analytical and problem solving skills
• Strong commitment to the mission and core values of the MFI and the plight of the low income people
World Vision (WV) is a Christian relief, development, and advocacy organization dedicated to working with children, families and communities to overcome poverty and injustice. One critical component of World Vision's work is microfinance, providing financial services such as micro credit, savings and insurance to the poor, enabling them to earn increased income, build assets and provide for their families. Numerous studies confirm the strong impact of microfinance on the well-being of children. Studies also show, that the integration of microfinance with other development activities can have an even greater impact when compared to either microfinance alone or development activities alone. WVs microfinance operations are managed through VisionFund International (VFI) and its 7,000 staff, a WV subsidiary. VFI manages a network of 34 microfinance institutions (MFIs) globally and has outstanding loans of approximately $475 million to over one million clients.
