Chief Commercial Officer at Finca Microfinance Bank



Job Title: Chief Commercial Officer at FINCA

The Chief Commercial Officer at FINCA CCO) is a member of the core Management Board with responsibility for FINCA’s Branch network. Including the staffing, products, and procedures related to this. Specifically, the CCO will drive the development and execution of expansion strategy that enables FINCA meets its outreach goals leveraging on developments in Alternative Delivery Channels. These will include utilizing, Agency Banking services, and Cashless Sales Branch and Mobile Banking services.
In leading this process the CCO will be responsible for working with relevant teams in Operations, Banking Services, Risk and Compliance to ensure that the processes have relevant risk mitigation factors that enable FINCA to provide Responsible Banking to its internal and external stakeholders at large. The CCO will strive to ensure that FINCA presents characteristics consistent with an ethos that will win stakeholder trust, responds to client needs and remain a key player in utilizing developments in alternate delivery channels to maintain operational efficiency and profitability. As a member of the Management Team/Board, s/he shares responsibility for the overall performance and activities of FINCA and participates in making decisions on material issues.

ESSENTIAL DUTIES
Direct Branch Expansion strategy. Strategically develops outreach and expansion plans. Identifies new markets, regions, and clients. Coordinates with COO and MB to grow the institution through careful expansion systems and plans.
The CCO will lead the organization’s strategic management function in developing; implementing as well as evaluating cross-functional decisions relating to business expansion that will enable FINCA to achieve its long-term objectives
Participates in the negotiation of the major project initiatives with regards to Branch network expansion. Participate in the preparation of the business plans relating to business expansion including new strategic partnerships.
Responsible for leadership teams in the Branch Network; specifically Regional Managers and Branch Managers. Sets annual performance targets considering profitability, quality, and efficiency. Utilizes SMART objectives. Involves staff, team and clients input and considers business, organizational and management structures as well as market, product offerings and contingency planning. Anticipate staffing needs, participate in recruitment efforts, and attract the right people in support of growth and outreach plans. Identify, mentor and develop high potential staff members for future management roles. Retain, motivate and maximize the productivity of staff through effective leadership, mentoring, transparent communication, performance management, and career planning
Working with the EXCO team and branch leadership establishes targets for effective outreach. Institutes performance and monitoring systems. Evaluates progress against business plan, budget, best practice, and FINCA standards. Provides appropriate appraisals and feedback. Ensures staff are motivated and organized to exceed performance targets. Motivates nurtures and develops staff. Trains, coaches, encourage, and mentors staff to deliver functions effectively and efficiently. Identifies and develops potential leaders and management. Considers career path and development planning. Promotes an atmosphere of teamwork encouraging a culture of equity and sensitivity to gender, class and other differences.
Ensures Branches comply to internal control and regulatory policies, procedures, and systems by reviewing, developing and continually improving policies, systems and processes to comply with lending, security, human resources, and other internal and statutory requirements. Recommends appropriate changes to policy, procedures, and processes to ensure application of sound credit and risk management.

Strategic Leadership and Management for the Organization
Firstly, As a member of the Management Team/Board, participate in FINCA general management as defined by the Charter and the Regulation on Management Team/Board (if existing)
Be informed about all important activities as well as developments at FINCA
Also, Keep all Management Team/Board members informed about relevant issues/developments in FINCA’s operations
Moreover, Present relevant “Operations” issues to the Management Team/Board for information, discussion, decision making
Furthermore, Participate/vote in decision-making on relevant “Operations” and “Non-Operations” issues
Together with the EXCO members, direct the preparation of the operations plans and budgets
Monitor the implementation of operational, financial and institutional development plans
Develop and implement adequate performance reporting

Job Requirements Knowledge & Education:
Firstly, Desirable: Masters Degree in Business, Finance or Economics
Secondly, Bachelor’s degree in Accounting, Finance, Economics or Business Administration required or equivalent work experience,


Job Skills 
Firstly, Experience in developing and implementing strategic/operational plans for financial institutions,
Secondly, Experience in branch network and expansion strategies
Also, Excellent organizational, planning, analytical and problem-solving skills,
Furthermore, High level of customer service and strong willingness to work in the field,
Strong business management as well as negotiation skills,
Experience managing as well as motivating a large staff,
Excellent interpersonal, communication and also, training skills,
Moreover, Excellent technical report writing skills and computer literacy,
Lastly, Fluency in regional/local language as well as English language

Customer Service
As the business leader, the CCO is responsible for delivering a superior customer experience across all FINCA service delivery channels. S/he ensures that the process of customer acquisition and service delivery across all branches and other service points is anchored on delivering a consistently superior customer experience. The CCO will for that matter strategize and plan to deliver operational service excellence and ensure that the branch workforce is capable, enabled and inspired to deliver on FINCA’s brand promise, for customer improved customer acquisition, retention, and loyalty.

SUPERVISORY RESPONSIBILITY
Regional Managers
Channels Specialists
Relationship Managers

COMPETENCIES
Leading With Integrity
Reinforces our brand values through daily behavior
Holds others accountable for ethical behavior
Encourages full disclosure of mistakes
Confronts unethical behavior quickly

Employee Engagement
Maintains a fulfilling work environment
Engages people based on their strengths
Mentors others to develop their skills
Sets clear and measurable goals
Provides feedback on performance regularly

Achievement Focus
Overcomes obstacles creatively
Consistently achieves business objectives
Recognizes and pursues opportunities
Takes calculated risks to achieve goals

Collaboration
Convinces others collaboration is a win-win
Holds people accountable to work together
Fosters mutual accountability to achieve results
Develops rapport throughout the Company

Responsible for Results
Firstly, Takes responsibility for own actions
Secondly, Manages others to focus on key priorities
Thirdly, Helps others overcome challenges
Lastly, Balances urgency with attention to detail

Recruitment & Staffing
Makes quality hiring decisions
Forecasts staffing needs accurately
Follows Company hiring process
Demonstrates the effective interviewing process

Financial Responsibility 
Conserves organizational resources
Works within budget guidelines
Assesses ROI on expenditures
Adjusts allocations to take advantage of unplanned opportunities

Qualifications 
Firstly, MBA degree (or equivalent) in related discipline required
Secondly, Banking 4 years minimum, 8 years preferred (commercial – retail)
Thirdly, Credit 2 years minimum, 4 years preferred
Also, Risk Management experience
Furthermore, Branch Management exposure preferred
Moreover, Proven people management skills (with a minimum of 5 direct reports)
Exposure as well as established interest, in working for poverty alleviation
Experience working in Microfinance an asset
Strategic planning exposure a must
Lastly, Cash flow projections
LANGUAGE SKILLS
Fluency in English and Swahili

KEY DELIVERABLES 
Number of Borrowers as well as Loan Portfolio volume
Volume of the Savings Portfolio (where applicable)
Quality of the Loan Portfolio
Branch profitability
Quality of the Customer Service
Moreover, People Management
Lastly, New Channels initiatives

KEY RELATIONSHIPS
COO, Regional Managers, HODs, Board, Regulatory and Professional bodies
TRAVEL REQUIREMENTS
Availability to travel up to 50% of the time

Validity period: 05/12/2018 - 14/02/2019
Duty Station: Dar es Salaam, HQ
Position: Chief Commercial Officer
Department: Commercial

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Chief Commercial Officer at Finca Microfinance Bank Chief Commercial Officer at Finca Microfinance Bank Reviewed by Ajira Yako on Saturday, February 09, 2019 Rating: 5
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