With over 70 years of experience, our focus is on helping the most vulnerable children overcome poverty and experience fullness of life. We help children of all backgrounds, even in the most dangerous places, inspired by our Christian faith.

Come join our 34,000+ staff working in nearly 100 countries and share the joy of transforming vulnerable children’s life stories!

Key Responsibilities:

Job Summary

The Chief Executive Officer of VisionFund Malawi will 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 Malawi. They will create a self-sustaining business with strong foundations (people, process, systems) that is capable of growing while managing risks and manage an effective and efficient operation, delivering to challenging financial and social performance targets.

The CEO will work closely with WV to develop integrated livelihoods programs, and thereby obtain funding from the partnership and donors to grow the operation. He/she will deal with all regulatory issues and lead the organization towards deposit mobilization by conducting a successful deposit taking pilot and increasing branches that are deposit talking.

Job Responsibilities

Mission & Purpose & Business Acumen (20%)

• 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
• Ensure proper balancing of MFI double bottom line sustainability and profitability while achieving social goals.
• Manage all VFM resource in prudent way; ensure proper safeguarding and stewardship of resources across of VFM.
• Ensures the culture of the whole organization and behaviors of its management and staff reflects its mission and vision.
• Building and maintaining organizational culture of full accountability and responsibility, and striving for excellence and making positive life changing impact in communities where VFM work.
• To develop, monitor and implement: Strategic Plan, Three-year Business Plan. And Annual plan
• Coordinate development of realistic budget and financial projections, acquires and maintains the necessary financial and non-financial resources necessary to meet VFM MFI’s objectives set in the financial projections.
• Achievement of targets and strategic goals- Leads the institution in achieving the targets as defined and agreed in the business plans, as well as in accomplishing VFM strategic goals.
• Ensure that the plans are cascaded to implementation groups and staff and ensure that key performance indicators set in plan and budget are achieved.
• Ensure that VFI line management structure and the board of VFM will receive information about state of business on time in adequate format. Transparently and in timely manner, inform VFI and the board about any affairs with different stakeholders.
• Reports to the board using standard reporting templates on a regular basis in timely manner
• In coordination with the various departments, establishes and maintains an effective internal control and risk management system
• Implement all regulatory requirements, policies, tools, procedures and best practice of prudent risk management in order to protect interest of VFM’s savers and depositors.
• Ensure full compliance with all regulatory requirements set by banking sector regulatory body, tax or other government regulators.
• Formulates and implements guidelines, procedures, internal regulations that are consistent with the policies set forth by the VFI and the board.
• Facilitates growth of Senior Management Team into a team that is capable of fostering VFM ahead in accordance to the Strategic Direction and Business plan

Fundraising (10%)

• 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

Finance management (10%)

• Ensures that annual financial projections, reports and budget are prepared for the board on time;
• Recommends yearly budget for Board approval and prudently manages VFM’s resources within those budget guidelines;
• Ensures that effective and efficient financial management system is installed and maintained;
• VFM is profitable

Risk management (20%)

• Ensures portfolio quality in line with VFI requirements and targets set by the board for portfolio quality.
• Ensures savings products are effectively priced and delivered (subject to successful deposit taking project rollout);
• Ensures that effective internal control and risk management system is established and maintained;
• Ensures effective liquidity management, to ensure sufficient funds for financing credit activity and sufficient reserves in accordance with industry requirements for deposit taking institutions.
• Take all necessary actions to insure that institution will have adequate external or VF global center rating (minimum requirement for GC is cautionary)

Integration (10%) Effective integration with WV& VFI  and effective promotion of the organization Relations

• 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 VFM 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 (15%) Institutional strengthening and capacity building

• Provide effective Christ centered leadership & Culture
• Ensure recruitment of competent senior and middle management;
• Ensures effective staff development, succession planning and performance management systems including compensation & benefits are in place at all levels
• Approves and confirms staff appointment, promotion, demotion, termination and transfer.
• Embedding of People & Culture policies & procedures
• Ensure recruitment of competent senior and middle management;
• Ensures effective staff development, succession planning and performance management systems are in place at all levels.
• Key Responsibility to create an environment where talent thrive, staff are engaged & Motivated  and a culture is embedded
• Take immediate action to deal with non-performance of staff

Policy formulation and compliance to local regulations and VFI policies (15%)

• 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

Key Requirements

• Minimum a Master degree in Business Administration, Finance, Accounting, Management or some other related field or a Bachelor’s Degree coupled with Professional qualification e.g. CIFA, CIB, CIM, ACCA
• Must have at least 10 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
• Work Authorisation – Must get a Work Permit if not a local staff from within the Country and obtain local Regulator’s approval as CEO. Must also obtain VFI approval as Board Member of MFI
• Must have a clear understanding of the applications of  technology in a the financial industry
• Must have experience working in a regulated deposit taking environment.
• Determined personality with initiative, perseverance and the ability to motivate and manage a team
• Capability and willingness to lead innovations to transform 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
• Very good communication and marketing skills
• Very good knowledge in economic and financial topics
• Knowledge and skill to manage microfinance operations
• Strong analytical and problem solving skills

Preferred Knowledge and Qualifications

• Knowledge in microfinance and banking & Safeguarding knowledge will be an added advantage

• Must be a committed Christian, able to stand above denominational diversities.
• Has a strong focus on delivering on the Lord’s will and kingdom work.
• Attend and lead daily devotions
• A competent leader with empathy, love, kindness and strong mentoring culture

Work Environment

Office based with travel requirement of 90% Domestic and 10% international travel.

Applicant Types Accepted:

Local Applicants Only