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\u2019s economic development to fill in the vacant position detailed here below;
\nJob Vacancy: Field Operation Manager
\nWork Reference No.:\u00a025\/25
\nPosition:\u00a0Field Operation Manager
\nReporting to:\u00a0Chief Operations Officer
\nZambia job opportunities
\nWork placement opportunities
\nJob Purpose:
\nThe Field Operations Manager (FOM) provides overall leadership to VFT\u2019s field\/branch operations, ensuring the bank meets annual business targets as approved by the Board in the annual operational plan. The position holder manages branches through Regional Managers and Business Center Managers, executing strategic operational targets, including disbursement plans, budgeting, people and performance management, risk, and internal controls to reduce operational risk. The role ensures growth in the loan and deposits portfolio while enforcing compliance with country laws and regulations. It also ensures that the bank\u2019s products and services positively impact clients\u2019 lives through VFT\u2019s social performance framework and fosters close integration with World Vision Area Programs to support economic development for low-income entrepreneurs.
\nMain Responsibilities:<\/p>\n
Performance Management<\/p>\n
Oversee the management and staff of the operations department to ensure all branches meet or exceed monthly and annual business targets.
\nMentor and coach Regional Managers for performance.
\nMaintain a high standard of discipline within the operations department, ensuring all managers meet ongoing targets.
\nCoordinate with People and Culture to execute an incentive scheme for operations staff to enhance motivation and performance.
\nEnsure staff have the capacity to deliver through a continuous training program.<\/p>\n
Compliance with Bank Policies and Regulatory Requirements<\/p>\n
Manage the application of policies, norms, and procedures at the branch level, ensuring business operations adhere to procedures.
\nEnforce compliance with local regulatory laws as prescribed.
\nSet performance contracts and monitor performance per procedures for branch managers.
\nImplement a performance management system for branch managers that enforces compliance with policies, procedures, and regulations.
\nEnsure all identified compliance gaps from internal audits and risk units are addressed within agreed timelines.<\/p>\n
Administration<\/p>\n
Supervise that the branch network maintains up-to-date and accurate client records.
\nOrganize and maintain neat, up-to-date, and accurate files regarding the performance of all regions, particularly Branch Managers and Regional Managers.<\/p>\n
Department Reporting<\/p>\n
Perform analysis of financial indicators and provide reports to the COO on deposits, channel performance, disbursements, client retention, product growth, branch profitability, and delinquency.
\nEnsure overall and branch reporting is complete and accurate.
\nProvide timely and accurate information and reports to the Chief Operations Officer, senior management, and other stakeholders as required.
\nEnsure timely delivery and supervision of accurate financial, performance, and regulatory data reporting.<\/p>\n
Business Development<\/p>\n
Lead the branch network to deliver all business targets approved by the Board, including loan portfolio, deposits, clients, and revenue targets.
\nCollaborate with the Head of Business Development and other managers to develop local marketing and sales strategies to increase clients, maximize sales, and retain current clients.
\nConduct feasibility studies for new areas and provide recommendations for market potential.
\nParticipate in market research with Marketing and Product Development Teams to determine appropriate products and services for various customer segments.<\/p>\n
Credit Risk Management<\/p>\n
Ensure all branches maintain a Portfolio at Risk (PAR) of not more than 5% for >1 day.
\nEnsure the loan loss rate is kept below a maximum of 2%.
\nSupervise the debt recovery team to ensure collection of written-off loan facilities from clients.
\nDocument causes of delinquencies and implement remedial actions by updating policies, taking disciplinary measures, or building capacity for the operations team.<\/p>\n
Integration with World Vision and Social Performance Management<\/p>\n
Drive the social performance agenda by targeting clients as defined in VFT\u2019s social performance framework.
\nEnsure VFT\u2019s operations align with World Vision Area Programs (APs) and maintain close working relations with AP Managers.
\nBuild mutually beneficial partnerships with other strategic partners in line with VFT\u2019s mission.<\/p>\n
Required Skills, Knowledge, and Competencies:<\/p>\n
Education and Experience:<\/p>\n
Minimum of a BSc in Business, Accounting, Finance, or related field.
\nMinimum of five years of senior operational management experience, preferably in a bank or microfinance institution.
\nExperience in strategic planning, budgeting, operations, deposit product and systems development, and risk management.<\/p>\n
Core Competencies:<\/p>\n
Strong leadership and people management skills.
\nStrong analytical skills, with the ability to analyze business processes and think strategically using financial analysis.
\nExcellent communication skills, with the ability to present financial information effectively to both specialists and non-specialists.
\nUnderstanding of financial and banking software packages, preferably familiarity with T24.
\nKnowledge of micro, small, and medium enterprise market segments in Tanzania.<\/p>\n
\u00a0
\nAttributes Desired for All Positions<\/p>\n
Honest, hardworking, friendly, and focused.
\nLocal language skills.
\nHigh standards in regard to quality of work.
\nAble to work independently and as a team member.
\nAttention to detail.
\nExperience in banking or microfinance.
\nCommitment to the social mission of microfinance.<\/p>\n
Sharing is Caring! Click on the Icons Below and Share<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/application@vftz.co.tz","_company_name":"VisionFund","_company_website":"","_company_tagline":"","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-categories":[],"job-types":[12],"class_list":{"0":"post-2154","1":"job_listing","2":"type-job_listing","3":"status-expired","4":"hentry","5":"job_listing_region-tanzania","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings\/2154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/media?parent=2154"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job_listing_region?post=2154"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-categories?post=2154"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-types?post=2154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}