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 Tanzania.

• 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 programs, 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:

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.

• To ensures that the vision, and mission, purpose, goals, objectives, outputs and policies set by the VFI and The Board are fully implemented, complied with and met.

• Ensure proper balancing of MFI double bottom line sustainability and profitability while achieving social goals.

• Manage all VFT resource in prudent way; ensure proper safeguarding and stewardship of resources across of VFT.

• 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 VFT work.

• To develops, monitors and implements: 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 VF 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 VFT 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 VFT will receive information about the state of business on time inadequate format. Transparently and in a 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 VFT’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 VFT ahead in accordance to the Strategic Direction and Business plan.

Fundraising (Fund Sourcing):

• 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:

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

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

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

• VFT is profitable.

Risk Management:

• 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 MFI).

• 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.

Integration:

• Effective integration with WV& VFI and effective promotion of the organization Relations.

• Ensure at the 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 VFT and its mission, programs, products, and services are consistently presented in strong, positive image.

• Develops networks and strategic alliances to positively influence economic policies.

People, Leadership & Culture:

• 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 are in place at all levels. & Compensation & benefits.

• 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 thrives, staff are engaged & Motivated and a culture is embedded.

• Take immediate action to deal with non-performance of staff.

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.

KNOWLEDGE, SKILLS & ABILITIES:

• Minimum a Master 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 microfinance 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.

• Very good communication and marketing skills.

• Very good knowledge of economic and financial topics.

• Strong analytical and problem-solving skills.

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

• Passion for poor and drive to make positive impact in communities.

Working Environment/Travel:

• 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.