Regional Manager at VisionFund | April 2024

VISIONFUND TANZANIA MICROFINANCE BANK LTD
VACANCIES

VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of more than TZs. 44 billion and more than 60,000 customer base, more that 5,000 of them being small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant position detailed here below;

Work Reference No. 04/24
Position: Regional Manager
Reporting to: Chief Operations Officer

The Regional Managers (RM) provides overall leadership to VFT’s commercial business at Regional Level. The position holder is responsible is responsible primarily for supervising of Business Centre Managers in the assigned region and ensures that all the Centers under their jurisdiction meets the business goals on a monthly and annual basis. They are responsible for execution of the bank’s strategy in line with the set business goals including performance management, risk and internal controls management to reduce VFT’s operational risk. The position ensures growth of the loan and deposits portfolio while enforcing compliance with the banks policies and country laws and regulations. The position holder also ensures that the banks products and services continually positively impact the lives of clients through VFT’s social performance framework. In addition, the position holder ensures that VFT work in close integration with World Vision Area Programs in fostering economic development for low income entrepreneurs.

Main tasks
1. Performance Management
• Oversee the management and staff in the Region to ensure that all branches and exceed the monthly and annual business targets. Mentor and coach Business Centre Managers for performance.
• Maintain a high standard of discipline within the Region and ensure that all managers meet their targets on an ongoing basis.

2. Compliance with Banks Policies and Regulatory requirement
• Manage the application of policies, norms and procedures at the branch level and supervise that business operations are working according to procedures.
• Enforces compliance to the local regulatory laws as prescribed as the applicable laws.

• Supervise that the branch network maintains up-to-date and accurate client records.
• Organize and maintain neat, up-to-date and accurate files regarding performance of all regions and in particular the Branch Managers and Regional Managers.
4. Department Reporting
• Perform analysis on financial indicators and provide reports for the COO on these indicators including deposits, channels performance, disbursements, and client retention, growth of different products, and branch profitability and delinquency.
• Ensure that overall and branch reporting is complete and accurate.

5. Business Development
• Lead branch network in ensuring that all business targets as assigned by the COO are delivered which include, Loan Portfolio, Deposits, Clients and Revenue targets, portfolio quality standards etc
• Collaborate with the Head of Business Development and Marketing Managers to drive sales strategy in order to increase the number of clients, loan portfolio and deposits, and keep retention of current clients.

6. Product and Systems Development
• Provide input in updating the operations manuals and policies, procedures and norms annually.
• Evaluate the characteristics of the Loans, Deposit/Retail and other services and make necessary modifications (with the joint agreement of the management team).

• Develop annual plans and budgets for the Branch Network and expansion, incorporating input from management team and branch managers.
• Approve branch expenses within the budget parameters;

8. Credit Risk Management
• Ensures that all Branches maintains a Portfolio at Risk of not more than 5% PAR > 1 day
• Ensures that loan loss rate is kept within maximum limit of less than 2%

9. Integration with World Vision and Social Performance Management
• Drives the social performance agenda of the business through targeting of the right clients as defined in VFT’s social performance framework.
• Ensure that VFT’s operations aligns with World Vision APs and maintained to close working relations with all AP Managers.

• Drives the social performance agenda of the business through targeting of the right clients as defined in VFT’s social performance framework.
• Ensure that VFT’s operations aligns with World Vision APs and maintained to close working relations with all AP Managers.

11. Required Qualifications:
• A minimum of Bsc in Business, accounting, finance or related area of study and minimum of ten years of senior operational management experience, preferably in a bank or microfinance institution. An MBA in business, accounting, finance or related area of study and minimum of seven years of senior operational management experience, preferably in a bank or microfinance institution.
• Experience in strategic planning, budgeting, operations, deposit product and systems development, and risk management.
• Prior experience with innovative technology and channels is a plus (point of sale devices, ATMs, prepaid cards, mobile phone banking, internet infrastructure and banking, etc.)

12. Attributes Desired:
• Is honest, hardworking, friendly, focused;
• Local language skills;
• High standards in regards to quality of work;
• Able to work independently and as a team member;
• Attention to detail;
• Experience in banking or microfinance;
• Commitment to the social mission of microfinance.

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

VisionFund Tanzania Microfinance Bank takes our Safeguarding responsibilities seriously and is committed to providing an environment that is safe from harm or abuse for adults, including clients, as well as children. Candidates will undergo criminal record and background/ reference check prior to employment.

Female applicants are particularly encouraged to apply!! 

Mode of Application:

Interested and suitably qualified individuals should;

1. Forward their application letter, attaching certified copies of their academic and professional certificates, detailed CV’s with three referees and National ID to vftHRstaff@vftz.co.tz.
2. All applications should be addressed to;
The Chief Executive Officer, VisionFund Tanzania Microfinance Bank Limited P.O. Box 1546,
Arusha, TANZANIA.
3. The position should be the subject of the email application.
4. The deadline for the application is on 10th May, 2024.

N.B. Only short-listed candidates will be contacted.

Disclaimer
VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not
engaged any consultant/agent to conduct recruitment on its behalf.