Chief Executive Officer (CEO)

PURPOSE OF POSITION:

• Lead the MFI, building an organization that honours 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 Ghana.
• 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 programmes, 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 institution in the near future.

KEY RESPONSIBILITIES: Mission, Purpose & Business Acumen:

• Delivery on child impact targets.
• Develops, monitors and implements short and long term business plan.
• Reports to the board using standard reporting templates on a regular basis;
• Develops and deliver on key performance indicators for VisionFund Ghana (VFG).
• Develops and implements strategic plan.
• Ensures the culture of the whole organization reflects its mission and vision.
• Develops, monitors and implements short and long term business plan.
• Develops key performance indicators as per VFI and Board guidelines.
• Ensure that the plans are cascaded to implementation groups and staff.
• Reports plan compliance regularly.
• Prepare monthly reports as required.
• Leads the institution in developing and then achieving the targets as defined and agreed in the business plans, as well as in accomplishing VFG’s strategic goals.

Fundraising:

• Develop proposals to acquire and maintain funding, credit lines, and others financial & non-financial resources required to attain VF objectives.
• 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.
• Follow up with open grant audit issues.

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 VFG’s resources within those budget guidelines.
• Ensures that effective and efficient financial management system is installed and maintained.
• VFG is profitable.

Risk Management:

• Ensures that all loans are prudently disbursed.
• Ensures savings products are effectively priced and delivered (subject to MFI board approval).
• Ensures that effective internal control and risk management system is established and maintained.
• Ensures effective liquidity management.
• Ensure effective banking and financial systems are in place and are regularly updated.

Integration:

• 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 VFG 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:

• 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.
• Embodying of People & Culture policies & procedures.
• Key Responsibility to create an environment where talent thrive, staff are engaged & Motivated and a culture of performance is embedded.

Policy Compliance:

• 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.
• Prepares the MFI for new regulations.

KNOWLEDGE, SKILLS & ABILITIES:

• Minimum a Masters 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 micro finance 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.
• Fluent in English.
• Very good communication and marketing skills.
• Very good knowledge in economic and financial topics.
• Strong analytical and problem solving skills.

Other Competencies/Attributes:

• Must be a committed Christian, able to stand above denominational diversities.
• Attend and lead daily devotions.

Working Environment/Conditions:

• 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.