VisionFund International


VisionFund is the microfinance network of World Vision, working in over thirty countries and impacting nearly four million each year as parents receive small loans and other financial services. Thank you for your interest in VisionFund, please review the following open positions listed below:

 

President & Chief Executive Officer, Vision Fund International

*Applications should be sent by email to [email protected] and must be received by 12:00pm GMT on Monday, 3 August 2020.

VisionFund International (VFI) is social enterprise founded and operating within the World Vision (WV) partnership, a Christian humanitarian, development and advocacy organisation devoted to improving the lives of children, families and their communities around the world. VFI is a network of 28 national micro-finance institutions (MFIs) providing financial services such as credit, savings, and insurance to the poor, enabling them to earn increased income, build assets, create jobs, and provide for their families.

VisionFund and World Vision work together in Africa, Asia, Latin America, and Eastern Europe. Since 2003, VisionFund's network has made approximately 16 million loans and disbursed $9 billion to clients around the world. We currently have outstanding loans of approximately $445 million USD to support over 1 million clients, impacting the lives of 3.5 million children.

Here’s where you come in:

VisionFund International is looking for a transformational leader able to strategically operationalize vision and sequence our development to have exponentially increased reach and impact.

As President and Chief Executive Officer, you will provide strategic leadership in balancing the financial performance of the micro-finance institutions (MFIs) with targeting where impact can be most effective for the well-being of children while creating an environment in which continuous improvement in operational and financial product effectiveness is encouraged and supported. You will create a culture which is nimble and able to take advantage of opportunities for growth of our microfinance ministry, while not compromising institutional financial well-being. You will direct operations of VFI, provide leadership to MFIs and ensure effective leadership and management in alignment with WV’s Vision, Mission, Core Values and global strategic directions, including the WV ‘Our Promise’ global strategy and the VisionFund 2030 Strategy.

As President and CEO, you will bring to VisionFund:

People Leadership and Developing a Culture of Excellence

You will be a Christian leader of leaders and will shape a culture in which people excel in their service of others. As President and CEO of VFI, you will model good teamwork, clear communication, and have the ability to take decisive action.

Transformational Leadership of our Operations

As President of VFI, you must lead a global operation that performs well across multiple bottom lines. VisionFund was created as part of World Vision to be a sustainable tool of moving people out of poverty. Therefore, Social Performance and Evidence of Impact must always be foremost in VisionFund’s strategic thinking, together with robust financial management and regard to the potential risk to balance sheet and reputation.

Partnership Development and Leadership of Sequenced Growth

VisionFund seeks a President to enable exponential, sustainable growth. VisionFund has been and should be a profitable portfolio of MFIs that continues re-investing in its own growth. The opportunity for accessing further capital and speeding the scale-up of VisionFund’s ministry to the poor is a tremendously motivating prospect in the years ahead.

Requirements include:

  • A Christ-centered leader who can profess the Christian faith with boldness and humility and engage across all Christian denominations.

  • An authentic and generous relationship-builder with strong interpersonal communication skills for a diverse stakeholder and cross-cultural context.

  • A mature executive leader whose leadership is effective within a large, complex, global organization.

  • A forward-looking, strategic executive with expertise in change management and continuous improvement.

  • A strong operational leader who understands sustainability and risk mitigation within a developing world context.

  • Experience and comfort with corporate decision-making in a global context. Experience in the board room and with financial professionals and major donors.

  • Must be able to travel and visit the field regularly.

Is this the job for you?

The President and CEO position will be a permanent appointment based in our London, UK office. There will be a competitive remuneration package and relocation package.

Applications should be sent by email to [email protected] and must be received by 12:00pm GMT on Monday, 3 August 2020.

Your application should comprise:

  • A mandatory cover letter of not more than two pages. Please explain what attracts you to this role at VisionFund, offer insight into your experience of leading people, operations, and growth.

  • Please conclude your cover letter with the names and role titles (contact information not necessary at this stage) for three references, one from a church leader or someone familiar with your Christian faith, and two professional references. We will not take references until final steps in the process after receiving your written permission to do so.

  • A resume/CV, including any educational and professional qualifications, employment history showing responsibilities held, and relevant achievements.

For more information on VisionFund International, please visit our website: www.visionfund.org

Due to the number of applications received, only short-listed candidates will be contacted.

Chief Finance Officer (CFO), KosInvest, Kosovo

*Please submit your CV in English.

PURPOSE OF THE POSITION:

  • Lead the MFI, building an organization that honors Christian values by positively impactingthe lives of many families and children through the delivery of appropriate financial services and training with a particular focus on the rural areas of Kosovo.

  • 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.

  • 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.

MAJOR RESPONSIBILITIES:

Strategic Financial Leadership:

  • Advisor to the Executive Director and Senior Management on all matters relating to finance including the financial impact of KI’s strategic choices and recommending improvements to profitability.

  • Ensure standard financial systems established are maintained in order to provide appropriate levels of security and controls over the KI’s resources and operations.

  • Submit timely financial performance reports to the BOD, senior management, regulators, and other stakeholders.

  • To ensure that KI is implementing the grant(s) and investments in line with the agreed budgets and loan agreements and to discuss any deviations with the managers.

  • Proactively building and maintaining lender relationships, identifying potential lenders and taking initiative in exploring new borrowing opportunities; developing relationships with key lenders (communication, reporting, compliance, etc.); negotiating contract, negotiating terms and conditions of loan agreements; and reporting to third party lenders, donors or any other, as per required guidelines.

  • Ensure the monthly, quarterly and annual KosInvest reports are accurate and submitted on time.

  • Continuous monitoring of the financial performance of the organization with emphasis in analyzing the organization’s performance as against its operational and business plans; Prepare and submit business plans and long-range financial forecasts as per requirement.

  • Provides support to Head Office and the Branches in preparation of the business plan and preparation and monitoring of the annual operating plans and budgets.

  • Ensures that branch plans are incorporated into an overall business plan and projections model.

  • Leads finance team; ensures reconciliations, analysis and research are accurate and timely; ensures system records are maintained and backed up on monthly/quarterly basis.

  • Prepare and document month-end closing of the General Ledger, as per KI procedures.

  • Take primary responsibility for the year-end closing procedures required by the Partnership Office and the year–end closing local procedures.

Policies and Procedures and Continuous Improvement:

  • Establishes, reviews, and updates financial policies and procedures.

  • Maintains the finance management manuals, and ensures that all changes related to policies and procedures would be incorporated in the manual.

  • Acts as a member of the Asset Liability Management Committee (ALCO) and furnishes the ALCO with the necessary information for them to make “sound, viable decisions”.

  • Performs functions specified by the BOD and/or ALCO in relation to establishing broad guidelines for the institution’s tolerance for risk, and expectations from investment.

  • Introduces measures to enhance the credibility and objectivity of financial statements and reports prepared with reference to the affairs of VF MFI.

  • Drives innovation and efficiency in the Financial department through either commissioning or directly project managing financial system improvements.

Liquidity and Assets:

  • Measures and controls the institution’s funding requirements.

  • Manages access to funds; Makes proactive periodic assessment of liabilities and liability holders; Explores borrowing arrangements.

  • Ensures that there is adequate control and availability of cash and other assets (budgetary management and control) according to laid down policies.

  • Develops contingency plans to withstand liquidity crises, and updates the contingency plans, as the need arises.

  • Recommends to the ALCO and Board of Directors policies or changes on policies on liquidity and funds management, and ensures timeliness, applicability, and practicality of these policies.

  • Maintain accountability for KI’s fixed assets. Ensure integrity of data included in the fixed asset system through reconciliation of subsidiary ledger to the General Ledger. Supervise a periodic physical inventory and reconcile it to existing asset records.

Compliance:

  • Ensures absolute compliance to regulations on liquidity, capital adequacy, and provisioning; as well as to reporting requirements set by regulatory body “CBK’, local tax authorities and other regulators.

  • Attends to inquiries, on-site or off-site, from the Central Bank, other regulators, and external auditors, and provides due assistance to the regulators and external auditors during audit/examination.

  • Proactively perform an internal control function continuously by reviewing the finance function for compliance with accounting standards and with VisionFund International. Resolve identified compliance deviations, system weaknesses and personnel training issues related thereto.

Supervision and Training:

  • Provides the Finance Department staff the necessary training and other support to enable them to fulfil their duties and develop.

  • Supervises, monitors, and evaluates the work of the finance staff and provides input to the annual staff appraisal exercise.

  • Provide leadership, management and day-to-day role modelling of behavior and attitudes, which exemplify KI’s and VFI’s vision, mission and core values;Carry out other additional duties and responsibilities needed as may be assigned by the Executive Director on a daily/monthly basis.

Anti Money Laundering (AML) and Prevention of Terrorism:

  • Serve as Representative of KosInvest for the AML requirements.

  • Make sure that KosInvest is in compliance with the Law on AML.

  • Develop appropriate policies and procedures as per Law on AML.

  • Make sure the policies and procedures are followed.

  • Raise awareness on Anti Money Laundering and Prevention of Terrorism Law; and if required train KI staff members on the same matter.

KNOWLEDGE, SKILLS AND ABILITIES:

  • Minimum 5 years of progressively responsible experience in financial management;

  • Minimum 5 years of experience in a senior leadership position with proven team leadership skills;

  • University degree in Economics or equivalent one;

  • Certified accountant (international accounting standards);

  • Strong understanding about business administration;

  • Planning, budgeting and analysing skills;

  • Strong understanding about financial management – risk, debt, cash flow, assets, liabilities;

  • Proven problem solving skills, self-starting, hands-on attitude, attention to detail and timetables;

  • Experience with computerized accounting systems;

  • Advanced MS office and Excel skills;

  • Strong written and oral English language skills;

  • Proven ability to set directions and align people using good inter-personal skills;

  • Demonstrated ability for teamwork approach to planning and problem-solving;

  • Demonstrated ability to work in accordance with KosInvest Values, understanding of and commitment to VisionFund’s vision, mission, goals, and core values.

Preferred:

  • MBA in Finance.

  • Experience in risk management.

  • Experience working with banks, financial institutions or auditing firms.

  • Experience with Microfin.

  • Experience of working in a multi-national mission-driven organization.

  • Experience of writing reports and making presentations to Board of Directors.

  • Experience of external negotiations.

Chief Executive Officer (CEO), VisionFund Ghana

PURPOSE OF POSITION:

  • Lead the MFI, building an organization that honors Christian values by positively impacting the lives of many families and children through the delivery of appropriate financial services and training with a particular focus on the rural areas of Ghana.

  • 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.

  • Finally, to deal with all regulatory issues and lead the organization through the process of conversion into regulated deposit institution in the near future.

KEY RESPONSIBILITIES:

Mission, Purpose & Business Acumen:

  • 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 VisionFund Ghana (VFG).

  • 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 VFG’s strategic goals.

Fundraising:

  • Develop proposals to acquire and maintain funding, credit lines, and others financial & non-financial resources required to attain VF objectives.

  • 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.

Finance Management:

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

  • Recommends yearly budget for Board approval and prudently manages VFG’s resources within those budget guidelines.

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

  • VFG is profitable.

Risk Management:

  • Ensures that all loans are prudently disbursed.

  • Ensures savings products are effectively priced and delivered (subject to MFI board approval).

  • 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.

Integration:

  • 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 VFG 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.

People, Leadership & Culture:

  • Provide effective Christ centered leadership & Culture.

  • Ensure 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.

Policy Compliance:

  • 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.

KNOWLEDGE, SKILLS & ABILITIES:

  • Minimum a Masters degree in Business Administration, Finance, Accounting, Management or some other related field.

  • 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, 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.

  • Be a good trainer, facilitator, mentor, and coach.

  • Fluent in English.

  • Very good communication and marketing skills.

  • Very good knowledge in economic and financial topics.

  • Strong analytical and problem solving skills.

Other Competencies/Attributes:

  • Must be a committed Christian, able to stand above denominational diversities.

  • Attend and lead daily devotions.

Working Environment/Conditions:

  • Office Environment: typical office based and frequent travel to fields (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.

Chief Executive Officer (CEO), VisionFund DRC

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.

MAJOR RESPONSIBILITIES:

  • 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.

Finance Management:

  • 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.

Risk Management:

  • 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.

Integration:

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 Compliance:

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.

Fundraising:

Fund Sourcing

  • 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.

Working Environment/Travel:

  • 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.