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!
Employee Contract Type:
International Assignment – Fixed Term (Fixed Term)
The Regional Finance Director is to lead and manage the execution of VisionFund International’s (VFI) strategy in the region. The role will be responsible for all regional Microfinance Institutions (MFI) finance issues and will work primarily with the Regional Finance Managers and MFI’s CFOs, who have a reporting line into this position. They are accountable to ensure proper controls, policies, procedures, and reporting standards are in place. All efforts will be made to provide regional solutions to improve MFI finance processes and reporting quality.
We are looking for an experienced person able to take initiative and have hands on approach, able to work independently and support regional teams in achieving strategic goals.
- Manage two Regional Finance Directors, and overview of all CFOs of the three MFIs in the Region with a dotted line of reporting. (15%)
- Engage with internal and external Auditors over key Audit findings, and work with management and hold them accountable for closing these identified gaps. (5%)
- Accountable to improve the quality of the Financial and Accounting processes in the MFIs. Accountable to ensure that appropriate internal control measures are in place in all MFIs. Accountable to ensure regular assessment, and verification of MFIs compliance with financial policies, procedures and standards. (10%)
- Accountable for the input to, development of, and implementation of the VFI Finance Manual and other policies and procedures in the MFIs, and responsible to approve and agree to any exceptions where appropriate. (5%)
- Responsible to oversee the monitoring and the giving of early warning of liquidity and funding needs within the MFIs in the Region. (10%)
- Ensure there is appropriate and sufficient infrastructure and staff capacity within MFIs to manage financial risk. Tracking compliance with financial risk requirements in region. Support and guide MFIs to build appropriate Management ALCO committees. (10%)
- Direct the MFI’s planning and reporting process and ensure the development of the MFI’s strategies plans and reports are aligned to VFI, have financial integrity, and are achievable. Ensure that MFI will upload accurate data into BANK BI reporting platform in timely manner. (10%)
- Accountable to ensure the MFIs are receiving training on Finance and Accounting, primarily through periodic Regional Webex calls but also through face to face conferences and training events when the opportunities arise. (10%)
- Mentor, coach and motivate the Regional Financial Specialists, developing them and ensuring their well-being and effectiveness in their roles. (10%)
- Formulate VisionFund’s strategy and development as an active member of the Regional Africa Team. Position will have dotted line reporting to VFI CFO and will be an active member of Global Centre finance team. (10%)
- Perform on-site financial and strategic reviews and due diligence on MFIs. Other ad hoc strategic projects as required. (5%)
- Ensure all work and influence is in alignment with VisionFund’s vision and mission, and that World Vision’s values are embedded in everything done.
KNOWLEDGE, SKILLS AND ABILITIES
- Degree in finance or accounting, MBA.
- CPA or equivalent accounting background is a must
- Given the need to control financial risk within the MFI’s, it is imperative that this individual has a deep financial analysis and accounting understanding.
- Thorough knowledge and extensive experience (min. 10 years) in microfinance and/or banking.
- Understanding of balance sheet risk management including interest rate risk, liquidity risk and foreign exchange risk as well as bank funding processes and contracting.
License, registration, or certification required to perform this position:
- Effective in written and verbal communication in English and strong preference for French
Preferred Skills, Knowledge and Experience:
- Solid understanding of financial reporting and performance measurements and planning/forecasting.
- Consulting skills to be able to analyze, recommend solutions, mentor and direct people.
- Good project management and organizational skills.
- 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.
- Effective coach, able to train people in VisionFund policies and procedures formally and informally.
- Must be experienced in managing effective support of accounting computer software systems.
- Must be able to simultaneously manage multiple priorities and projects.
- Must be cross culturally sensitive as will work with associates from every area of the world.
- Flexibility on hours to contact people within wide time zone differences is required.
- Able to balance Christian values with commercial practices.
Travel & work environment:
- The position requires ability and willingness to travel domestically and internationally up to 50% of the time.
How To Apply
Submit your CV and Application on Company Website: Click Here
Closing Date: 28th June. 2022