*Please submit your CV in English.
KosInvest is a subsidiary of VisionFund International (VFI) which is the world’s largest Christian microfinance network. For more than 15 years VFI has been improving the lives of children across the developing world, as we provide small loans and other financial services to families experiencing poverty.
As the microfinance subsidiary of World Vision, the world’s largest Christian relief, development and advocacy organisation, VisionFund works in 28 countries through our network of affiliated microfinance institutions (MFIs) located across the globe in Africa, Asia, Latin America and Eastern Europe. We impact the lives of over 4 million children each year. We aim to positively impact 10 times the number of children by 2030.
Sharing the same vision as World Vision, VisionFund seeks to provide life in all its fullness to children as their parents receive small loans, improve their businesses and increase their family income.
For more information visit: https://www.kosinvest.org/ and www.visionfund.org
This is an exciting opportunity for an experienced leader from microfinance or banking to lead KosInvest’s highly skilled and dedicated team towards the achievement of KosInvest’s growth strategy, reporting directly into the Chair of the Board of Directors.
PURPOSE OF THE POSITION:
KosInvest is seeking a CEO with strategic vision and strong managerial experience who will lead the organisation in its next phase of growth and development. The CEO will motivate and manage a team to grow a self-sustaining, social impact business with high quality loan portfolio, quality of service and efficiency of operations as well as:
Strategically position KosInvest in the market through innovation of new products, services and digital channels;
Diversify funding streams through strategic partnerships and third party lenders;
Empower families to build brighter futures for vulnerable children in Kosovo in conjunction with World Vision Kosovo.
Development and Implementation of Strategy:
Implements a strategy in line with VisionFund’s 2030 strategy Our Livelihoods Promise, the Board and the regulatory context;
Leads the institution to achieve the financial and social impact, maximising efficiency;
Develops effective alliances with partners and regulators;
Delivers joint projects with World Vision that scale and amplify our joint ability to improve Child Well-Being;
Monitors the market for risks and opportunities and recommends changes for the future of KosInvest.
Responsible for the financial performance of the company, the business plan, annual budget and operational plan and timely reporting to the Board;
Ensures KosInvest is profitable and on target with other key performance ratios;
Ensures that effective and efficient financial management system is installed and maintained;
Negotiates effectively with creditors, grant bodies and other financial institutions and asscociations.
Builds the organisation's capacity by inspiring and empowering people:
Responsible for increasing capacity through recruitment, development and management of staff and ensuring a positive and productive working atmosphere;
Grows a strong and motivated Senior Management Team;
Ensures KosInvest's organisational culture reflects the Vision, Mission, Core Values and strategy of VFI; leads holistic development of team members.
Risk and Compliance:
Responsible for prudent operation and financial management of the company and ensuring an effective internal control and risk management system;
Responsible for compliance with the requirements of the Central Bank of Kosovo, other regulators and all VFI policies;
Responsible for the findings and opinions of the external and internal audits and for the timely implementation of their recommendations;
Prepares the MFI for new regulations and changes in the market.
Drives operational performance through innovation and technology:
Continuous improvement of the size and quality of the loan portfolio, quality of service and efficiency of operations;
Drives the upgrade of systems and digitalisation of business processes;
Ensures KosInvest is properly equipped to provide accurate and timely data for Board and VFI global reporting;
Inspires and empowers staff to embrace change, build skills and make continuous improvements.
KNOWLDGE, SKILLS & ABILITIES:
University degree (at least a Bachelors degree) in the field of economy, jurisprudence or another relevant field which meets Central Bank of Kosovo requirements;
Professional experience of at least 15 years, of which at least 7 in management positions and at least 5 in the banking and/or financial sector or any other field considered appropriate by the Central Bank of Kosovo;
Have high ethical and professional reputation;
Have in-depth understanding of the fiduciary obligations of the role and the legal framework under which financial institutions operate in the Republic of Kosovo;
Excellent computer skills and up-to-date knowledge of the use of technology in microfinance/banking;
Strong strategic thinking, business planning, KPI-monitoring and report writing skills;
Very good financial knowledge and ability to analyse and present financial information;
Excellent verbal and written communication skills including negotiating and building external relationships - with fluency in English and Albanian as a minimum (Serbian language in addition is a plus);
Determined personality with initiative, perseverance and commitment to the Vision Statement, Core Values and Mission Statement of World Vision International;
A leader with proven ability to motivate staff, positively influence organisational culture for agility and effectiveness, lead staff through periods of change and build high-performing teams;
Flexibility to operate in a small organisation where staff contribute across multiple specialisms. Ability to empower and equip staff to tackle varied tasks and situations, and to lead by example;
Must be able to provide evidence of complying with the Central Bank of Kosovo requirements for the role (including police and court records) and must fulfil the “fit and proper” criteria (Integrity, Sound Judgement, Leadership, Competence and Financial Soundness);
Driving licence and ability to drive throughout Kosovo.
The role is office-based at the headquarters in Prishina and involves travel throughout Kosovo.
There will be occasional international travel to meetings/training/conferences.
Local package. Applications will be welcomed from the Balkans. A work permit can be arranged.