Overview
Job Title: Regional Manager
World Vision
With more than 70 years of expertise, we specialize in assisting the most marginalized kids in escaping poverty and living fully. Motivated by our Christian faith, we assist children from all backgrounds, even in the most hazardous environments.
Join our team of over 33,000 employees operating in almost 100 countries as we transform the lives of vulnerable children!
Primary Accountabilities:
Under the Chief Operating Officer’s direction.
Regional Officers and Branch Managers under direct supervision.
Regional Offices are the location.
Work Objective:
At the regional level, VFT’s commercial business is led overall by the Regional Managers (RM). The role holder is principally in charge of overseeing Business Center Managers in the designated region and making sure that every Center under their control accomplishes the business objectives both monthly and annually. They are in charge of carrying out the bank’s plan in accordance with the predetermined business objectives, which includes risk and internal control management to lower operational risk at VFT and performance management. In addition to ensuring adherence to national rules and regulations, the position guarantees the expansion of the loan and deposit portfolio. Through VFT’s social performance framework, the job holder also makes sure that the bank’s goods and services consistently have a positive influence on customers’ lives. Furthermore, the role holder makes certain that VFT closely collaborates with World Vision Area Programs to support low-income entrepreneurs’ economic development.
Principal Charges:
Management of Performance
- Ensure that all branches meet and surpass the monthly and annual business targets by supervising the management and employees in the region. Coach and mentor business center managers to improve their performance.
- Uphold a strict code of discipline throughout the Region and make sure that every manager consistently meets their goals.
- Manage the authorized reward program in tandem with the COO for all relevant regional employees to drive productivity and motivation.
- Ensures that employees are capable of delivering by putting a continual training program into place.
Adherence to the regulations and bank policies
- Oversee the branch’s implementation of policies, standards, and procedures and make sure that company activities are carried out in accordance with established protocols.
- Enforces adherence to the appropriate laws and local regulatory regulations.
- Establish performance agreements and track branch managers’ performance in accordance with protocols;
- Establish a branch manager performance management system that ensures adherence to rules, guidelines, and policies.
- Make sure that, within the predetermined time frames, all compliance holes discovered by internal audit and risk units are completely remedied.
Administration of the Department.
- Make that the branch network keeps correct and up-to-date client records.
- Keep accurate, current, and well-organized records of the performance of all regions, especially that of the Branch and Regional Managers.
- Resources are made available to branches, such as staffing levels to guarantee that branches have the necessary equipment to perform their duties and monthly field allowances.
Departmental Summaries
- Analyze financial data, such as deposits, channel performance, disbursements, customer retention, product growth, branch profitability, and delinquency, and submit reports on these indicators to the COO.
- Make sure all branch and overall reporting is accurate and comprehensive.
- Deliver accurate and timely information and reports on a regular basis to VFT’s top management, including the CEO, and other stakeholders as needed. These consist of the Bank of Tanzania, the VFT Board of Directors, VisionFund International, and others.
Assure prompt delivery, general oversight, and correct reporting of performance and financial data as well as regulatory data.
Commercial Growth
- Oversee the branch network to make sure that all business objectives, such as those related to the loan portfolio, deposits, clients, and revenue, as well as portfolio quality criteria, are met. These objectives are set by the COO.
- Work together with the marketing managers and the head of business development to advance the sales strategy in order to grow the loan portfolio and deposits, attract new customers, and maintain client retention.
- Perform the necessary feasibility assessments in the new locations and make suggestions regarding their prospective market.
- Collaborate with the Product Development and Marketing Teams to conduct market research in order to identify the goods and services that are suitable for different client categories.
Development of Products and Systems
- Contribute to the annual upgrading of the policies, procedures, and norms as well as the operations manuals.
- Assess the features of the Loans, Deposit/Retail, and other services, and make any necessary changes (with management team approval).
- To guarantee that services are provided to clients in an effective manner, review the protocols in place and make adjustments as needed.
Planning and Management of Finances
- Create yearly plans and budgets with input from branch managers and the management team for the Branch Network and expansion.
- Accept branch spending that is within the allocated budget;
- Perform all other tasks and responsibilities that are within the purview and objectives of the position, as requested by the COO.
Management of Credit Risk.
- Makes certain that every branch keeps a minimum of 5% of its portfolio at risk. PAR > A single day
- Guarantees that the loan loss rate stays below the maximum threshold of two percent.
- Oversees the regional debt collection team to guarantee that clients’ written-off loan facilities are collected.
- Reasons of delinquencies are documented, and corrective action is put into place by amending policies, bringing appropriate disciplinary action, or providing capacity building to the operations staff.
Combining Social Performance Management and World Vision
- Targets the appropriate clientele in accordance with VFT’s social performance framework, which advances the company’s social performance agenda.
- Maintain tight working relationships with all AP Managers and make sure that VFT’s operations are in line with World Vision APs.
- Forming alliances that will benefit both parties and further the goals of VFT with additional strategic partners.
Overall Management.
- Notify top management and the auditors of any deficiencies in internal control.
- To guarantee productivity and excellent performance, coordinate the department’s hiring and training with the human resources division.
- In addition to tablets, ATMs, internet banking, mobile money channels, mobile banking, and other technology-driven projects, oversee all VFT delivery channels.
- Manage the organization’s spending to guarantee successful business operations.
Essential Core Competencies:
- Strong people-management and leadership abilities.
- Strong analytical abilities. the capacity to analyze corporate
- Operations and processes and to use financial analysis to think strategically.
- Excellent communication abilities.
- Capacity to communicate financial data to non-specialists and specialists alike.
- Knowledge in banking and finance software, especially T24 experience is preferred.
- Understanding of Tanzanian market sectors pertaining to micro, small, and medium-sized enterprises.
Essential Requirements:
- A minimum of ten years of senior operational management experience, preferably in a bank or microfinance institution, and a minimum of a B.Sc. in business, accounting, finance, or a similar field of study. A minimum of seven years of senior operational management experience, preferably in a bank or microfinance institution, and an MBA in business, accounting, finance, or a similar field of study are required.
- Expertise in risk management, operations, budgeting, deposit product and system development, and strategic planning.
- It is advantageous to have prior familiarity with cutting edge channels and technology (such as internet infrastructure and banking, ATMs, prepaid cards, mobile phone banking, and point of sale devices).
Desired Attributes:
- Is sincere, diligent, amiable, and laser-focused;
- Proficiency in English.
- High requirements on the caliber of the work;
- Capable of working both individually and in a team;
- Vigilance with details
- Expertise in microfinance or banking;
- Dedication to microfinance’s social objective.
Accepted Types of Applications:
Only Local Candidates
