Overview
VisionFund Tanzania’s CEO, chief executive officer
Having more than 70 years of expertise, our main goal is to enable the most underprivileged children to overcome poverty and enjoy complete life. Inspired by our Christian faith, we assist children from all backgrounds—including in the most perilous locations.
Come enjoy the delight of changing the life stories of underprivileged children by joining our 34,000+ employees spread in almost 100 countries!
Key Responsibilities:
Applications Language: Kindly send your CV in English.
In general
Vision Fund Tanzania is owned by World Vision’s microfinance division, VisionFund International. VisionFund International stands out for its combined approach of helping World Vision’s community-based development initiatives to alleviate rural poverty.
Right now, VisionFund Tanzania (VFT) ranks fourth among Microfinance Institutions (MFI) in Tanzania and is fast expanding. It is also securely self-sustainable, some of the most efficient operations (second lowest cost per borrower), and has the best quality portfolio. To oversee VF Tanzania’s activities as Chief Executive Officer, we are seeking a capable, strategic, and dedicated leader.
Being VisionFund Tanzania’s CEO will allow you:
Lead the MFI, creating an organisation that upholds Christian values by means of suitable financial services and training with an eye towards the rural parts of Tanzania, therefore improving the quality of life of many families and children.
Establish a self-sustaining company with solid foundations (people, processes, systems) able of expansion under control of risks.
Control a competent and efficient operation to meet demanding social and financial performance standards.
Work closely with WV to create integrated livelihoods initiatives, thereby acquiring money from the partnership and donors to expand the operation.
At last, to handle all regulatory concerns and guide the company towards near future conversion into a regulated deposit-taking entity.
Important duties
Objective and Goals; Business Acumen
Verify that the vision, mission, purpose, goals, objectives, outputs, policies developed by the Board and approved by VFI are completely followed and fulfilled.
While reaching social objectives, guarantee appropriate balancing of MFI double bottom line sustainability and profitability.
Control all VFT resources in sensible manner; guarantee appropriate resource stewardship and protection over the VFT.
Make sure the management and employees of the entire company represent its vision and goal.
Create and preserve an organisational culture based on complete responsibility and accountability; aim for excellence and have beneficial effects on people’s life in the areas where VFT operates.
Create, track, and apply the annual, three-year business plan and strategic plan.
Acquires and keeps the required financial and non-financial resources required to accomplish VF MFI’s objectives established in the financial projections, thereby coordinating production of realistic budget and financial projections.
Target and strategic goal attainment guides the institution towards both VFT strategic goals and the stated and agreed-upon targets in the business plans.
Make sure the plans are cascaded to implementation groups and staff and that important performance indicators defined in plan and budget are reached.
Make sure the VFI line management system and the VFT board will get timely, suitable information on state of business. Tell VFI and the board straight forwardly and promptly about any affairs involving several stakeholders.
Regularly and promptly report to the board using appropriate standard reporting forms.
Establishing and preserving an efficient internal control and risk management system in line with the several departments depends on cooperation.
Apply all laws, rules, instruments, policies, best practices of sensible risk management to safeguard the savers’ and depositors’ interests.
Guarantee complete compliance with all legislative guidelines established by tax or other government authorities, banking industry regulatory organisation.
Create and apply policies, rules, internal policies in conformity with the VFI and board policies.
Help the Senior Management Team to develop into a team equipped to promote VFT ahead in line with the Strategic Direction and Business Plan.
Money raising
Negotiate successfully with grant bodies and other financial institutions, creditors.
Guarantee adherence to criteria and reporting guidelines.
Carefully oversee and close linked initiatives and grants.
Managing Finance
Make that the board receives timely preparation of annual financial predictions, reports, and budgets.
Suggest annual budgets for Board approval and carefully controls VFT’s resources inside those budgetary limits.
Make sure the implemented and maintained efficient and effective financial management system drives the profitability of VFT Risk Management.
Verify portfolio quality in accordance with VFI guidelines and board targets for portfolio quality.
Verify that, given MFI, savings products are reasonably priced and presented.
Make that the system of internal control and risk management is developed and kept up to date.
Verify good liquidity management to guarantee enough reserves in line with industry standards for deposit accepting institutions and sufficient cash for funding credit activity.
Take all the steps to guarantee that the institution will have sufficient VF global centre rating (minimum criterion for GC is cautionary).
Combine
Good interaction with WV& VFI and good organisational promotion ties
Make that at the national office and branch level integration plans are completely understood, shared, and followed.
Work actively for World Vision’s cooperative livelihoods initiatives.
Make sure that VFI and its goals, initiatives, goods and services are regularly presented in strong, favourable image.
Establishes strategic relationships and networks to favourably affect the economic policy.
People, Leadership and Culture; Institutional Capacity Building and Strengthening
Deliver Christ-centered leadership and culture.
guarantee hiring of capable middle and top managers.
Make that processes of performance management, succession planning, and staff development are in place at every level. & perks and pay.
Approve and verifies staff appointments, promotions, demotion, termination, and transfers.
Incorporate policies and practices for people and cultures.
Make sure middle management and competent senior recruitment goes through.
At all levels, guarantee efficient staff development, succession planning, and performance management systems.
Create a setting where staff members are involved and motivated, talent blossoms, and a culture is ingrained.
Act right away to address staff non-performance.
Policy development and adherence to local laws and VFI guidelines
Create and apply policies, guidelines, internal rules compliant with the policies established by the Board of Directors, VFI, and industry authorities.
Make sure the institution follows all VFI policies as well as Central Bank other regulator guidelines.
Required Information and Skills
Minimum master’s degree in accounting, management, business administration, finance, or some other allied subject.
Must have at least ten years of senior management experience combining the following: micro-enterprise lending organisation; banking institution; progressive corporate environment; international business; agricultural economics/development; or economic and business development institution.
Clearly must grasp technology and the microfinance sector.
Must have better worked with an institution between savings and had experience in a regulatory environment.
driven personality with initiative, tenacity, and capacity for team motivation and management.
Ability and readiness to guide the company ahead.
eager to follow and live up to and in line with the core values and organisation ideals.
Train, facilitate, mentor, and coach with integrity.
excellent marketing and communication techniques.
Excellent expertise in financial and economic spheres.
Excellent abilities for analysis and problem-solving.
Drive to have a good influence on society and a passion for underprivileged.
Language requirements, travel and work environment,
Typical office based with regular field visits; 40% travel and 60% office based.
Travel: Desired is 90% domestic and 10% foreign.
On call: Yes after regular business hours.
Either a local staff member from within the country or must acquire a work permit.
Accepted Candidate Types:
Local and worldwide candidates (IA’s) Considered
Application Method:
This is a full-time employment. Please click the link below to send your application.
Deadline: 7th March 2025