PURPOSE OF THE POSITION:
The Chief Executive Officer is accountable for providing overall leadership for VISIONFUND DRC, for effectively managing all operations, and for the continued profitability, secure equity position, growth and evolution of the VISIONFUND DRC. This position is also accountable for developing and recommending effective policies as well as short-term and long-term business plans for Board approval and for their implementation.
Lead the Vision Fund Democratic Republic of Congo (DRC) Microfinance Institution (MFI) as a Christ Centered organization that positively impacts the lives of many families and children through the delivery of appropriate financial services and training.
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 DRC to develop integrated livelihoods programmes, and thereby obtain funding from the partnership and donors to grow the operation.
Finally, to deal with all regulatory issues and lead the organization through the process of conversion into regulated deposit taking institution in the near future.
Promote the concept of “Toward Excellence” in motivating and providing leadership for staff to excel in the quality of service they provide.
Provide leadership and management of VISIONFUND DRC in the development of a comprehensive, innovative, sound, strategic business plan addressing both the short and long-term goals for Board approval.
Generate commitment from all employees to the business plan and objectives in order to achieve the desired goals of VISIONFUND DRC.
Develop, recommend, and implement all corporate policies, after Board approval, to ensure effective continuity and management of VISIONFUND DRC.
Maintain sound, long-term growth, quality service, profitability and secure equity objectives by providing leadership and direction in financial strategies, operational excellence and management effectiveness.
Develop and establish VISIONFUND DRC financial policy in conjunction with the Chief Financial Officer
Monitor and encourage an ongoing program of corporate development, including new products, new services, new delivery systems and area of expansion which will contribute to the overall profitability of VISIONFUND DRC while meeting client needs.
Ensure the effective utilization, selection, development, motivation, and continuity of all human resources by encouraging and supporting the corporate climate, training, development, and Human Resource policies that foster success, achievement and results.
Maintain and enhance the reputation of VISIONFUND DRC as an innovative, quality financial services institution.
Provide expertise, information, advice and counsel, concerning VISIONFUND DRC affairs, to the Chair and the Board of Directors to enable them to fulfill their accountability to the shareholders.
Contribute to the enhancement, credibility and reputation of the VISIONFUND DRC in the business, financial, governmental and local community by developing and maintaining effective relationships with other Senior Executives, community leaders, Government officials, and clients.
Mission & Purpose & Business Acumen:
Ensure 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
Follow up on strategy document and ensure proper execution.
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 VF DRC.
Develops and implements strategic plan.
Ensures the culture of the whole organization reflects its mission and vision.
Develops, monitors and implements short and long term business plan.
Develops key performance indicators as per VFI and Board guidelines.
Ensure that the plans are cascaded to implementation groups and staff.
Reports plan compliance regularly.
Prepare monthly reports as required.
Leads the institution in developing and then achieving the targets as defined and agreed in the business plans, as well as in accomplishing VF DRC’s strategic goals.
Ensures financial projections, budgets and monthly reports are realistic, accurate and on time.
Ensure prudent and closely managed use of funds, close cost management and cashflow analysis.
Drive decisions to maintain healthy balance sheet.
Ensures that effective and efficient financial management system is installed and maintained.
Drives VF DRC towards profitability and growth.
Ensures that all loans are prudently disbursed.
Ensures appropriate limits set on products, methodologies and branches according to market and performance.
Ensures savings products are effectively priced and delivered (subject to MFI board approval) and that depositors’ funds are safely managed according to policies and procedures and in respect of their rights.
Ensures that effective internal control and risk management system are established and maintained.
Ensures effective liquidity management.
Ensures effective banking and financial systems are in place and are regularly updated.
People, Leadership & Culture:
Institutional strengthening and capacity building
Provides effective Christ centered leadership & Culture.
Ensures recruitment of competent senior and middle management.
Ensures effective staff development, succession planning and performance management systems are in place at all levels & Compensation & benefits.
Approves and confirms staff appointment, promotion, demotion, termination and transfer.
Embodying of People & Culture policies & procedures.
Key Responsibility to create an environment where talent thrive, staff are engaged & Motivated and a culture of performance is embedded.
Demonstrates outstanding leadership qualities and values.
Effective integration with WV& VFI and effective promotion of the organization Relations
Ensures 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 DRC 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.
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.
Provides support in proposals to acquire and maintain funding, credit lines, and others financial & non-financial resources required to attain VF objectives.
In coordination with regional team, negotiates effectively with creditors, grant bodies and other financial institutions.
Ensure compliance with conditions and reporting requirements.
Diligently manage and close grants and related projects.
Follow up with open grant audit issues.
KNOWLEDGE, SKILLS & ABILITIES:
Minimum a Masters degree in Business Administration, Finance, Accounting, Management or some other related field.
Advanced experience, knowledge and training in accounting, financial and/or credit analysis or related areas.
Knowledge of local Banking and Financial Services (Act) banking compliance regulations, banking and business law, local employment and labor Laws, bank operational policies and procedures, and Micro lending products and services
Must have at least ten years of working experience in senior management in a combination of the following: micro-enterprise lending organization, banking institution, a progressive corporate environment, international business, agricultural economics/development, risk management, or economic and business development institution.
Must have a clear understanding of micro finance industry and technology.
Must have worked experience in regulatory environment and better with institution that intermediate savings.
Determined 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 Ideals and Core Values.
Must be bilingual English/French.
Must have outstanding integrity and be an exceptional communicator.
Be a good trainer, facilitator, mentor, and coach.
Very good communication and marketing skills.
Very good knowledge in economic and financial topics.
Strong analytical and problem solving skills.
Office environment: Typical office based and frequent travel to the branch offices (40% traveling and 60% office based).
Travel: 90% Domestic 10% international travel is desired.
On call: Yes in the after normal working hours.
Must get a work Permit if not a local staff from within the Country.