VisionFund Deputy Regional Director, East Africa Region
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World Vision1. VisionFund Deputy Regional Director, East Africa Region
Reference: 580 - 18G31008
Location: Nairobi, Kenya
Purpose of Position: World Vision (WV) is a Christian relief, development, and advocacy organization dedicated to working with children, families and communities to overcome poverty and injustice.
One important component of World Visions work is microfinance, providing financial services such as credit, savings and insurance to the poor, enabling them to earn increased income, build assets and provide for their families.
Numerous studies confirm the strong impact of microfinance on the well-being of children. Studies also show, however, that the integration of microfinance with other development activities can have an even greater impact when compared to either microfinance alone or development activities alone.
WVs microfinance operations are managed through VisionFund International (VFI) and its 6,000 staff, a WV subsidiary.
VFI manages a network of 36 microfinance institutions (MFIs) globally and has outstanding loans of approximately $450 million to some 800,000 clients and annual network revenues of over $138 million.
VisionFund is seeking a Deputy Regional Director (DRD) to assist the Regional Director (RD) in leading and managing the execution of VisionFunds strategy in the region. The CEOs of each MFI in the region will report jointly to the RD and their local Boards.
The RD is therefore responsible for ensuring the delivery of financial and social performance in the region.
The role also involves managing the regional MFI technical staff who support the RD in capacity building and oversight of the MFIs, ensuring proper governance, controls, policies, procedures, and performance targets are achieved.
The role of DRD will involve extended periods in country filling the roles of CEO/COO/CFO as needs arise.
Key Responsibilities:
Ensure MFIs Deliver to Performance Targets:
Supervise jointly with the MFI board the MFI CEOs and manage performance expectations in support to local MFI and global VFI priorities, ensuring balanced achievement of MFI double bottom-lines of social and financial performance.Build Capacity in the MFI:
Support regional roll out of global centre initiatives including how central services and regional banking software can be deployed to improve service to the MFIs and their clients and to reduce costs and improve sustainability.
Provide timely, and responsive but prioritized consulting services for MFI issues and concerns.
Ensure competent and quality staff are hired in the key positions of CEO, CFO and COO and support MFI management in other staff hiring as needed.Develop and Maintain a Strong Control Environment:
Work with the CEO of each MFI to ensure controls and compliance culture are operating well.
Sits on and attends all MFI boards in their region where legally possible to represent the interests of VFI.
Work with Governance Director for ensuring all MFIs (WV/VFI) boards and are in compliance with local laws, regulatory and lender/donor requirements and WV/VFI policies, procedures and directives.Strategy Development and Execution:
Provide inputs and work with VF strategy director and the rest of VFI Senior Executive Team on refinements to, or revision of VFI global strategy, especially as it relates to priority MFIs.
Support fund raising efforts for MFIs and coordinate with VFI director for marketing and fundraising and director for global funding and corporate finance Funding Manager.Personal and Staff Development
Knowledge, Skills & Abilities:
The key ability VisionFund is seeking is leadership.
In addition to experience with microfinance and banking operations (lending, deposit taking), the successful candidate will have experience developing and nurturing a talented team, and spotting improvement opportunities and making those happen in a complex and dynamic environment.
In addition, the following specific knowledge, skills and abilities are required, and may have been acquired through a combination of formal schooling, selfeducation, prior experience or onthejob training.
Given the need to control financial risk within the MFIs, it is imperative that this individual will have good financial analysis, risk management and accounting skills.
Thorough knowledge and extensive experience in governance and compliance, microfinance and banking operations. 10 years of leadership experience largely in banking or microfinance environment.
Although central treasury expertise will be provided by GC, this person will have understanding of balance sheet risk management including interest rate risk, liquidity risk and foreign exchange risk as well as bank funding processes and contracting.
Solid understanding of financial reporting and performance measurements and planning/forecasting.
Able to balance Christian values with sound commercial practices.
MBA preferred but will consider a Bachelor of Commerce.
Good project management and organizational skills.
Highly developed Consulting skills, with ability to analyze, recommend solutions, mentor and direct people.
Balanced and respectful approach to groups differing responsibilities. Sensitive to complexity of WV direction, MFI board independence and shareholder requirements.
Good communication and influence skills in both oral and written forms.
Strong staff leader desirous of developing and encouraging staff.
Effective coach and able to train people in VisionFund policies and procedures.
Must be experienced in managing effective support of accounting and loan tracking systems.
Must be able to simultaneously manage multiple priorities and projects.
Must be cross culturally sensitive as will work with associates from different cultural contexts and time zones.
Flexibility on hours to contact people within wide time zone differences is required.
Ability and willingness to travel extensively and for long periods of time.How to Apply
Click here to apply online VisionFund Deputy Regional Director
Application Deadline Date: 28-Aug-15
