Head of Microcredit & Economic Development Program
Job Description
Title: Head of Microcredit & Economic Development Program
Company Name: World Concern Bangladesh
Vacancy: Not specific
Job Location: Dhaka
Employment Status: Contractual
Educational Requirements:
∎ Master's degree in business administration, Accounting, Banking or Finance
∎ Training or a degree in Economic and MSME Development, or livelihoods.
∎ Experience working long-term in an emerging or developing country environment.
∎ Experience in and willingness to traveling domestically/internationally.
Job Context:
∎ World Concern is a Christian global relief and development agency whose supporters` faith compels them to extend opportunity and hope to people facing the most profound human challenges of extreme poverty. We serve nearly 6 million people in 15 countries, focusing on food security, child protection, education, maternal and child health, microfinance, vocational training, clean water and sanitation and disaster response. World Concern in Bangladesh is searching an energetic, smart & potential candidate for the following key position based in Dhaka. Detail of position and other necessary requirement for the position is described as below:
∎ Pursing World Concern`s vision of "A World Transformed From Poverty to Abundance of Life", the Head of World Concern Bangladesh`s Microcredit & Economic Development Program (HMCEDP) will provide effective servant leadership to deliver qualitative and quantitative growth of present microcredit, savings as well as new and innovative products & Services through our MFI. The ideal candidate has a history of success in leading and developing MFIs and designing, securing funds and implementing impact through economic development, which includes livelihoods & food security with the integration of World Concern`s Transformational Development approach into throughout WC programs.
∎ Location: Dhaka domicile with extensive travel to field program areas
∎ Reports to: CEO of World Concern Bangladesh / Country Director
∎ Supervises: Finance Manager, Area MFI Managers; Collaborates with World Concern HR, Admin & Program support functions
∎ Length of Contract: One year-renewable based on performance, budget and strategy
Job Responsibilities:
∎ 1. Key Directions (10%)
∎ Develops, monitors and implements short- and long-term business plan
∎ Reports directly to the CEO/Country Director to co-develop directions for MCP and Economic Development Programs aligned to country strategy.
∎ Represents WCB to MRA, PKSF, related INGO clusters, MNC/PPP and other networks.
∎ Develops and delivers key performance indicators for the MFI; Ensures compliance to MRA rules and regulations as well as WC policies and procedures.
∎ Co-Develops and implements MFI strategic plan that aligns to World Concern's global plans; contributes to WC grants based strategic plan.
∎ Drives value-based transformational culture where people excel and love to be part of; sets the tone and pace through personal example of intentional Christian lifestyle.
∎ 2. Board of Trustee Interaction in collaboration with CEO/CD
∎ Ensures timely and accurate preparation of Board Meetings in tandem with CEO.
∎ Relates with CEO, Board Chair and Executive Committee to develop pipeline of future trustees.
∎ Orients and engages Board members as ambassadors of World Concern's Vision,
∎ Mission, Values and overall program direction in Bangladesh
∎ 3. Achievement of annual targets and strategic goals (10%)
∎ Leads the institution in developing and then achieving the targets as defined and agreed in the business plans, as well as in accomplishing World Concern's strategic goals.
∎ 4. Fund Sourcing (10%)
∎ Negotiates effectively with creditors, grant bodies and other financial institutions, especially PKSF, for capital expansion opportunities.
∎ Ensures compliance with conditions and reporting requirements.
∎ Support fundraising activities in the office for local/international funding opportunities.
∎ Support in building consortium
∎ 5. Financial Management (10%)
∎ Ensures that annual financial projections, reports and budget are prepared for board and World Concern on time.
∎ Recommends yearly budget for Board approval and prudently manages WCMCP's resources within those budget guidelines.
∎ Ensures that effective and efficient financial management system is installed and maintained.
∎ Ensure that (WCMCP is on track for profitability at agreed Operational Self Sufficiency level or on track to be)
∎ Ensures effective banking system (management software) in place and links with larger WC country and global reporting system.
∎ 6. Risk Management (10%)
∎ Ensure that all loans are prudently disbursed.
∎ Ensures savings products are effectively priced and delivered.
∎ 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!
∎ 7. Effective integration with World Concern and effective promotion of the national and global organization
∎ Ensure at national office and branch level integration strategies are fully understood, communicated and practiced.
∎ Actively promote joint livelihoods projects and program integration with World Concern
∎ Ensures that both WCMCP and World Concern's mission, programs, products and services are consistently presented in strong, positive image.
∎ Develops networks and strategic alliances to positively influence economic policies.
∎ 8. Institutional strengthening, capacity and World Concern brand-building (10%)
∎ Provide effective Christ centered leadership.
∎ Ensure recruitment of competent senior and middle management
∎ Ensures effective staff development, succession planning and performance management systems are in place at all levels.
∎ Develops network with like-minded MFIs and non-formal financial providers.
∎ Promotes the work of World Concern with Board to Government, Corporate and Private Stakeholders to leverage resources and partnerships.
∎ 9. Policy formulation and compliance to MRA and World Concern policies
∎ Formulates and implements guidelines, procedures, internal regulations that are consistent with the policies set forth by the Board of Trust, World Concern, MRA and industry regulators.
∎ Prepares the MFI for new regulations through strong relationships with Microcredit Regulatory Agency (MRA) and Palli Karma-Sahayak Foundation (PKSF)
∎ Engages PKSF organizational standards and global MFI benchmarks.
∎ Ensures ethics and accountability within the team. Take ownership of relevant policies and procedures and continue to mentor the team in them.
∎ 10. Levels of authority (5%)
∎ Approves and confirms staff appointment, promotion, demotion, and termination; Board and Country Director involved in decisions for direct report staffing decisions (one level under)
∎ Recommends, approves and final decisions based on authorities and responsibility matrix.
Additional Requirements:
∎ Model and demonstrate effective Christian leadership and able to lead daily devotions and apply scripture discern God's direction in planning and decision making (Lead Like Jesus practiced)
∎ Understands the role of micro finance in transformational development in communities, families and children.
∎ Ten years working experience in senior/executive management in a combination of the following: micro-enterprise lending organization, banking institution, a progressive corporate environment, international business, or economic and business development institution.
∎ Clear understanding of micro finance industry, banking and technology; has experience with gBanker or similar loan management systems.
∎ Good knowledge of and comfortable dealing with financial information
∎ Strong strategic skills; forward-thinking; innovates solutions to overcome various contextual constraints.
∎ Demonstrated value-guided relational success with government, donors and various stakeholders.
∎ Understands, articulates and integrates World Concern's transformational development approach into life and all WC program and operational activities, partners with Church and Christian organizations in Bangladesh and region.
∎ Fluent with and has demonstrated prior compliance to local regulatory requirements (MRA)
∎ Excellent communication and marketing skills (both written and verbal)
∎ Determined personality with initiative, perseverance and the ability to motivate and manage a team through a systematic, participative and clear change management process.
∎ Fluent in English and Bangla
∎ Ability to travel domestically and internationally as needed.
∎ Achieving Competencies - achieving quality results & service; practicing accountability & integrity; communicating information effectively
∎ Thinking Competencies - Thinking clearly, deeply and broadly; understanding the Humanitarian Industry; understanding World Concern's vision, mission and operations; practicing innovation and change
∎ Self-Managing Competencies - demonstrating Christ-centered life and work; learning for growth and development; maintaining work/life balance and effectiveness.
∎ Relational Competencies - building collaborative relationships; practicing gender, age and cultural diversity; influencing individuals and groups; global culture carrier and local culture builder.
Salary:
∎ Negotiable (Depends on Candidate`s essential qualification, education, experience, software/equipment knowledge and other considerations as per Job Description)
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 5 Dec 2023
Company Information:
∎ 28 Nov 2023
∎ World Concern Bangladesh
Category: NGO/Development
:
Source: bdjobs.com
Deadline Expired on 5th Dec 2023
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