Job Details

Job Description

VisionFund’s work seeks to end intergenerational poverty through financial products and services. We’re about the long-term change that ensures children can break free of the poverty cycle, for good.

By supporting people and communities living in poverty to develop and grow their livelihoods, VisionFund is catalysing sustainable economic growth to break the cycle of poverty, so that children can reach their potential as communities thrive.

Learn more about us: visionfund.org

Application Deadline: 18th September 2024

Location: Applications are welcome from any country in Africa where WVI is registered to operate

Overview
VisionFund is World Vision’s microfinance provider serving vulnerable clients through loans, savings, and insurance. We enable families to grow their livelihoods in hard to reach, rural locations in 25 countries so that caregivers can create secure futures for their children. We believe in brighter futures for children; empowering families to create incomes and jobs; unlocking economic potential for communities to thrive.

VisionFund is committed to forging a new path that will help us achieve our goal of positively impacting the lives of 30 million children through our strategy, Our Livelihood Promise. Based on the results trend so far, we have realized we are not going to be able to achieve that goal with our current structure and operating model. This will require us to reposition the Global Centre.

In light of the above, VisionFund International’s Network of Microfinance Institutions is being grouped into regions of 3-5 MFIs usually within the same geographic region. The Regional Director will supervise 3-5 MFIs as MFI Board member and have direct line -management of the MFI CEOs with Board Chair. The Regional Director is responsible for ensuring the delivery of the strategic and business plan performance of MFIs under their supervision. Regional Directors will ensure priority MFIs are equipped for scale and s/he will ensure that all growth initiatives are well managed and that the foundations for such growth are in place. Therefore capacity-building of staff and ensuring effective controls and processes are in place is a key aspect of the role.  Monthly reviews will be conducted to measure progress and decide upon adjustments and redirection of resources, particularly funding.

The role also involves matrix-managing staff within the VFI Global Centre who support the Operation Director including P&C and finance staff as well engaging with the Support Centre and technical assistance specialists.

As part of the role, the Regional Director will be supporting the Business Lines (i.e. FAST, Insurance, Partnerships) with their business plans in the assigned countries. the primary point of contact with WV at a sub-regional level.  Where appropriate this includes taking part in WV senior leadership meetings for the cluster of countries assigned. Lastly, this position will ensure that VFI and WVI global strategies are being implemented at each MFI.

Key Responsibilities

Management of MFIs

• Supervise jointly with the MFI board the MFI CEOs.
• Sit on MFI boards to represent VFI and to ensure effective two-way communication and ensure each is well-operating boards and in compliance with local laws, regulatory requirements and WV/VFI policies, procedures and directives.
• Provide leadership that ensures impact on children remains the overall result of our work by driving common mindset to all MFI staff and evidenced through Impact reports.
• Provide oversight on the development and delivery of the strategic and business plans inclusive of digital, technology and product areas (lending, savings, FAST, insurance and training/education).
• Monitor performance across the MFI, analyse, problem identification and provide recommendations that will ensure improved quality of delivery of financial services, improved control environment and increased alignment of strategy.
• Ensure quality of portfolio and provide direction, advise and guidance to ensure that this is maintained.
• Work with the management of each MFI to ensure risk management framework, compliance culture, and compliance reporting (regulatory, lender and VFI) are operating well inclusive of GC safeguarding, security, risk and audit efforts.
• Act in a Management capacity within an MFI during senior management where gaps will significantly impact the performance of the MFI or place MFI at risk.
• Ensure that each MFI has access to adequate, timely and appropriate support from GC various departments.
• Provide direction, management and/or advise on startups, closedowns or crisis management of MFIs.

Management of MFI resources

• Work with VFI Finance, Fundraising and Capital Markets to secure equity and debt funding for MFIs, particularly for high priority MFIs,
• Work with the Support Centre Director to obtain resources and technical assistance for MFIs according to a programme of work

Manage Integration with WV and support the Business Lines

• Strengthen the understanding in WV within each MFI of the benefits of microfinance in contributing to Economic Development, livelihoods and Child Well-Being Outcomes (CWBO).
• Development of best practices in integration, monitoring performance against indicators.
• Building collaborative relationships at all levels to participate in ENOUGH, THRIVE, and other programs as well as grants, response plans and other priority projects across each MFI.
• Support the Business Lines with the delivery of the business plans in the assigned countries.

Leadership, guidance and support to the Team for personal/team development and wellbeing (personal, professional and spiritual).

• Inspire and nurture the spiritual and professional development of direct reports.
• Instill and encourage a strong servant and service culture in leaders and their teams; role modelling Christian Leadership and Core Values.
• Develop clear individual goals, manageable and measurable targets and ongoing feedback and support to achieve them.
• Provide timely and regular staff performance coaching & feedback as well as an annual review of performance and individual development plan

Knowledge, skills and experience

Required

• Significant leadership experience (minimum of 15 years) largely in a microfinance, banking, and/or finance environment, including a proven track record of managing people in a global, matrix-managed organisation (including mentoring, directing, building capacity)
• A minimum of a university degree in Finance, Business, Economics, ICT, Engineering or equivalent level of knowledge demonstrated through relevant experience.
• 10+ years’ experience managing people at a senior level
• Experience delivering digital transformation (especially core banking systems and digital solutions)
• Experience working in a multinational and multicultural environment with proven cross-cultural effectiveness

• Proven ability for spotting improvement opportunities and making those happen in a complex and dynamic environment.
• Previous experience of at least 2 years in a role similar to the CEO, COO or CFO in a microfinance, banking and/or financial institution.
• At least 1 year experience participating as member of a Board of Directors or as an active member of a committee.
• Good written and verbal communication skills and strong at influencing
• Able to lead and manage a virtual team
• Ability to analyze, recommend solutions, mentor and guide people
• Proven organisational skills and able to manage change programmes

Preferred

• Project management experience working to recognized PM methodologies is preferred
• Consultancy experience (internal or external) is desirable.
• Solid strategic leadership skills preferably gained in financial services, microfinance experience an advantage
• Master’s degree in Finance, Business, Economics, ICT, Engineering or related.

Languages and Travel

• English fluency is required.
• Travel up to 25% of the time

Applicant Types Accepted:

Local Applicants Only