PURPOSE OF POSITION:

Reporting to the CEO and President for VisionFund International (VFI) and with a matrix reporting line to the Chief Financial Officer (CFO) for World Vision International, the VFI CFO role would develop, implement and control VFI’s financial strategies across the network of Microfiance Institutions (MFIs). The CFO is to achieve cost-effective utilisation of VFI’s financial resources and maximise the VFI’s return on investment, with a consideration for the double-bottom line (social and financial returns). The role is also to provide overall supervisory and day to day running of the finance department and provide a lead role in capital raise and lending strategy development and roll-out. The position will also identify and develop performance targets and measurements for VFI and its network of MFI’s, to ensure sustainable and resilient entities are in place. A strong leadership background is key to the success of this position and will be expected to interface and develop key relationships including that of investors, partner’s, WVI’s Treasury Department, WV CFO, MFI-CEO’s, and VFI Board of Director’s, and all VFI senior leadership.

KEY RESPONSIBILITIES:

Lead VFI Financial Strategy and MFI Financial Strategy and MFI Financial Alignment:

• Support the CEO in developing the VFI strategy including integration between the VFI/MFI strategies, and business and financial plans. Help drive strategies and develop new financial models, ensuring the strategies, and plans have financial integrity and are achievable.
• Lead financial strategy and planning: Aligning with VFI and WV strategy, the financial strategy provides feasible debt, equity and portfolio structuring to sustainably serve the microfinance ministry. The three year and annual financial plans for VFI and the MFI network are developed to ensure growth, risk and quality goals are achieved and the process is linked in with WV.
• Key lead on VFI business plan development.
• Develop Global measures and scorecards to ensure priorities are managed and dropped down into each VFI group and are measured on a timely basis.
• Ensure that all groups have timely financial reporting against priorities and targets.
• Support VFI departments with MIS and advice to help them with their roles.
• Develop business cases and financial decision-making tools to support management decisions.
• Engage with industry partners and coordinate with other groups any shared opportunities to improve efficiency or partnering opportunities.

Ensuring VFI and its MFIs are 'Best in Class':

• Lead financial management of VFI and MFI network, including budgeting, actual reporting and forecasting. All MFI and VFI reporting and analysis is developed and managed to permit management to properly decide allocation of resources, programs and activities.
• Manage the external audits of the MFIs and VFI ensuring they meet external audit standards (both USGAAP and IFRS).
• Financial systems integrity: Ensure that all VFI and MFI financial systems are adequate to accurately reflect the financial activities. Systems development at least a monthly view of detailed portfolio positions will be pursued.
• Financial policies for VFI and MFIs: All ALCO policies and process will be developed and maintained for VFI and MFIs. Local boards will be responsible for managing local policies within the requirements of VFI,
• Enterprise risk management – collect and analyze data, to identify all risks within VFI and MFIs including but not limited to portfolio, credit, liquidity, operating, capital, mission, f/x, interest rate, brand, governance,
• Provide financial leadership and guidance for MFI’s including the development of finance functions.
• Effectively manage the balance sheet and optimize earnings within ministry and risk tolerance.

All debt, and non-donation equity funding:

• Develop and execute global funding plan (debt & equity) for VFI and MFIs. Agree with MFIs which amounts VFI will raise and which MFIs will raise.
• Conduct necessary market scanning of all microfinance market trends and commercial lending activities and continually oversee analysis of the general economic, business and financial conditions globally;
• Assess potential sources of funds worldwide, identify potential banking partners/alliances and develop proposals,
• Within strategy, develop and manage key global banking relationships with new and existing lenders to achieve long-lasting global fundraising support;
• Organize and lead lenders/investor-oriented activities (due diligence visits, investor days, road shows etc.),
• Manage debt, equity and funding structures and lead VFI ALCO committee.
• Oversee contract negotiations with appropriate terms for MFIs and VFI loans and financings, work with legal and treasury to prepare documentation and make decisions regarding lender terms that trade off access to financing versus cost or flexibility,
• Develop VFI and MFI contract compliance processes. Manage VFI compliance and ensure MFIs manage their contract compliance
• Develop commercial debt and equity structures to raise market funds
• Raise funds for VFI directly and manage on-lending process
• Raise funds for some MFIs where prudent and ensure capability in MFIs exists to structure and negotiate their own debt, where agreed.

Shared responsibility for Maximizing Geographic Impact of microfinance (Support/Enable role):

• Develop MFI portfolio ownership strategy to align with WV priorities and manage global risk exposure,
• Support and enable portfolio realignment including all partnering and M&A activities,
• Support and enable all business cases for new projects, programs or acquisitions & divestitures,
• Support and enable due diligence, structure recommendations, valuation, negotiations on all transactions,
• Search out potential partners and investors creating innovative structures and ownership arrangements which will balance control, integration with WVI and financing,
• Develop/execute VFI funding products including, third party banking options, private structured funding, capital market transactions, social investor, institutional investors and Trust/Corporates debt/equity products to support VFIs overall funding plan to reduce borrowing cost & expand liquidity,
• Work with VFI Marketing, and WV Support offices to establish donor deposit/loan and corporate/trust borrowing products and processes,
• Support Operations in their work with MFI’s to develop new saving capabilities and ensure local regulation is adequate.
• Develop the most efficient tax structures for MFIs where necessary whilst maintaining the non-profit nature of VFI,

Personal Team and Staff Development:

• As a leader, develop others encouraging excitement and growth both in their careers but also in spiritual growth.
• Participate in VFI team to cooperatively achieve the team goals,
• Ensure staff and self- training programs are in place and implemented.
• Encourage spiritual nurture in team and attend weekly devotions.

World Vision Partnership and alignment across strategy and financial operations:

• As an organization leader, develop and build strong relationships within World Vision
• Participate in Partnership leadership and financial forums
• Represent and advocate VisionFund within the wider Partnership
• Seamlessly align, partner and champion global finance initiatives, programs, processes and policy

KNOWLEDGE, SKILLS & ABILITIES:

• 15-20 Years in key CFO role and with corporate financing, treasury management and funding experience with a mid to large size bank or corporate. Able to work in complex corporate culture and financial systems and ensure procedures internally and with third parties are well documented, monitored and executed. Creative and helpful at problem solving for both VFI and MFI's and able to work well with WV Treasury groups and MFIs.
• Excellent leadership, communication and relationship-building skills; must lead through influence and establish effective working relationships within the organisation with external partners, agencies and leaders in the microenterprise development field.
• Quick learner in the very different micro-finance field
• Excellent numerical and analytical skills and financial risk management.
• Strong finance, written and oral presentation skills, plus good grasp of international accounting principles. Strong negotiator.
• Comfortable negotiating with third parties in corporate restructuring transactions, financial institutions and capital markets.
• International experience is an important asset, particularly in emerging/developing markets.
• Strong finance, written and oral presentation skills plus a good grasp of international accounting principles.
• Professional accounting designation, and Masters’ degree in business or finance.
• Experience and comfort in balance sheet management including treasury function, foreign exchange and hedging.

Preferred:

• International experience is an important asset, particularly in emerging/developing markets.
• Demonstrated good judgement and diplomacy, particularly in different cultures.
• Demonstrated thought leadership in terms of complex transaction innovation.
• Creates processes with greater efficiency in mind.
• Able to negotiate good but fair funding deals for VFI.
• Able to make sound million-dollar recommendations.
• Effective coach, able to train people in VisionFund policies and procedures formally and informally.
• Must be able to simultaneously manage multiple priorities and projects.
• Flexibility on hours to contact people within wide time zone differences is required.

Work Environment/Travel:

• Travel up to 25% of time.
• English required; Spanish and/or French preferred.