VisionFund Chief Executive Officer - Mongolia
PURPOSE OF POSITION:
Create a self-sustaining business with strong foundations (people, process, systems) that is capable of growing while managing risks.
Manage an effective and efficient operation, delivering to challenging financial and social performance targets.
Work closely with WV to develop integrated livelihoods programmes, and thereby obtain funding from the partnership and donors to grow the operation.
To ensures that the Vision, and Mission, Purpose, Goals, Objectives, Outputs and Policies set by the Board and approved by VFI are fully implemented, complied with and met:
Delivery on child impact targets.
Develops, monitors and implements short and long term business plan.
Reports to the board using standard reporting templates on a regular basis.
Develops and deliver on key performance indicators for the MFI.
Develops and implements strategic plan.
Ensures the culture of the whole organization reflects its mission and vision.
Achievement of Annual Targets and Strategic Goals:
Leads the institution in developing and then achieving the targets as defined and agreed in the business plans, as well as in accomplishing VF MFI’s strategic goals.
Negotiates effectively with creditors, grant bodies and other financial institutions.
Ensure compliance with conditions and reporting requirements.
Ensures that annual financial projections, reports and budget are prepared for the board on time.
Recommends yearly budget for Board approval and prudently manages VF MFI’s resources within those budget guidelines.
Ensures that effective and efficient financial management system is installed and maintained.
MFI is profitable (110%OSS) or on track to be.
Ensures that all loans are prudently disbursed.
Ensures savings products are effectively priced and delivered ((subject to MFI).
Ensures that effective internal control and risk management system is established and maintained.
Ensures effective liquidity management.
Ensure effective banking and financial systems are in place and are regularly updated.
Effective Integration with WV and effective Promotion of the organization Relations:
Ensure at national office and branch level integration strategies are fully understood, communicated and practiced.
Actively promote joint livelihoods projects with World Vision.
Ensures that both VFI and VF MFI and its mission, programs, products and services are consistently presented in strong, positive image.
Develops networks and strategic alliances to positively influence the economic policies.
Institutional Strengthening and Capacity Building:
Ensure recruitment of competent senior and middle management.
Ensures effective staff development, succession planning and performance management systems are in place at all levels.
Policy Formulation and Compliance to local Regulations and VFI policies:
Formulates and implements guidelines, procedures, internal regulations that are consistent with the policies set forth by the Board of Directors, VFI and the industry regulators.
Ensures that the institution complies with the requirements of the Central Bank other regulators and all VFI policies.
Prepares the MFI for new regulations.
Approves and confirms staff appointment, promotion, demotion, termination and transfer.
KNOWLEDGE, SKILLS & ABILITIES:
Understands the role of micro finance in development and change in communities and the lives of families and children.
Must have at least ten years working experience in senior/executive management in a combination of the following: micro-enterprise lending organization, banking institution, a progressive corporate environment, international business, or economic and business development institution.
Must have a clear understanding of micro finance industry or banking and technology.
Very good knowledge and comfort dealing with financial information.
Setermined personality with initiative, perseverance and the ability to motivate and manage a team.
Capability and willingness to lead the organization forward.
Ready to comply and live up to and in accordance with the organization, VFI and WVI Ideals and Core Values.
Be a good leader.
Very good communication and marketing skills (both written and verbal).
Strong strategic skills.
Meet local regulatory requirements.
Office environment: Typical office based and infrequent travel to fields.
Travel: 80% Domestic, 20%international travel is desired.
On call: Yes in the after normal working hours.