Chief Executive Officer - AgroInvest Serbia

International Role - Yes


AgroInvest Fond doo ( is one of the numerous affiliates of VisionFund International (“VFI”), the microfinance subsidiary of World Vision International ( We operate as an intermediary agent between the commercial banks in Serbia and entrepreneurs who do not have, or have limited access to loans granted by commercial banks. Our financial services aim to support economic progress in primarily rural and agricultural areas. We train clients to grow successful businesses using their earnings to support children and families. Our business model is supported by the National Bank of Serbia and we started operations in 2005. AgroInvest now comprises 20 branches around Serbia and employs over 160 people.

VFI is the world’s largest Christian microfinance network. For more than a decade we have been improving the lives of children across the developing world, as we provide small loans and other financial services to families struggling in poverty. As the microfinance subsidiary of World Vision, the world’s largest Christian relief, development and advocacy organisation, we work in 29 countries through our network of affiliated microfinance institutions (MFIs) located across the globe in Africa, Asia, Latin America and Eastern Europe. We have an outstanding loan portfolio of nearly US$ 494 million, serve over 1.1 million active borrowers and impact the lives of over 4 million children each year.


VFI is seeking a Chief Executive Officer (“CEO”) for AgroInvest Fond with strategic vision and strong managerial experience who will lead the organisation in its next phase of growth and development. The CEO will report jointly to the VFI Regional Head for MEER and the Chair of the AgroInvest Holding Board and

  • Be influencial in the market and develop strategic partnerships with banks and lenders.

  • Be creative and motivated to expand outreach to the rural poor through new services and products.

  • Build a strong, motivated team and effective organisational culture in accordance with VFI core values.


Development & Implementation of Strategy:

  • Develops a clear strategy and business model for AgroInvest in line with the vision, mission and policies set by the Board and the regulatory context.

  • Leads the institution in achieving the client service, social impact, operational quality, productivity, efficiency, and sustainability targets as defined and agreed in the business plans and regularly reports progress on this to the Board.

  • Develops strong alliances with partner banks, regulators and third party funders.

  • Monitors the market and local environment for risks and opportunities and makes recommendations to the Board and VFI Regional Head for MEER.

  • Provides strong project direction and oversight for the implementation of regulatory requirements and supervisory processes.

  • Ensures the culture of the whole organisation reflects its mission and values.

Financial Management:

  • Responsible for the financial performance of the company, the business plan, annual budget and operational plan;

  • Ensures annual financial projections, reports and budget are prepared for the Board on time.

  • Recommends yearly budget for Board approval and prudently manages AgroInvest resources within those budget guidelines.

  • Ensures that effective and efficient financial management system is installed and maintained.

  • Ensures AgroInvest is profitable and on target with other key performance ratios.

  • Negotiates effectively with creditors, grant bodies and other financial institutions.

  • Ensures compliance with conditions and reporting requirements.

Institutional Strengthening & Capacity Building:

  • Responsible for increasing capacity through recruitment, development and supervison of staff and ensuring a positive and productive working atmosphere.

  • Grows a strong and motivated Senior Management Team.

  • Develops an effective and transparent oganisational culture with focus on communication and clarity of expectations.

  • Ensures that operations are staffed according to business needs to achieve maximum productivity.

  • Ensures effective staff development, succession planning and performance management systems are in place at all levels.

Risk Management:

  • Ensures that all loans are prudently disbursed.

  • Ensures that effective internal control and risk management system is established and maintained.

  • Ensures effective liquidity management.

  • Ensures effective banking and financial systems are in place and are regularly updated.


  • 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.

  • 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 can lead negotiations with regulators and partners.

Information Technology:

  • Supervises upgrade of all IT systems and digitalisation of business processes.

  • Ensures organisation is properly equipped to provide accurate and timely data for VFI global data reporting standards.


  • Determined personality with initiative, perseverance and commitment to the Vision Statement, Core Values and Mission Statement of World Vision International.

  • Capability and willingness to lead the organization forward and work closely with the Board and shareholder.

  • Managerial experience able to motivate and manage a team, influence culture, manage through periods of change and build high-performing teams.

  • Work respectfully in a multicultural and diverse environment, with ability to build an organisational culture that reflects our Christian Core Values and to regularly pray for our work.

  • Understands the role of microfinance in development and change in communities and the lives of families and children.

  • Must have at least ten years of work 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 microfinance industry or banking and technology.

  • Very good knowledge and ability to deal with financial information.

  • Strong strategic thinking, business planning, KPI-monitoring and report writing.

  • Meets local regulatory requirements.

  • Excellent verbal and written communication skills, with fluency in English and Serbian language.

Work Environment/Travel:

  • The position requires 30% of the time: travel within Serbia (and occasionally internationally).

Only applications in English will be considered.