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VisionFund Tanzania Microfinance Bank Ltd VisionFund Tanzania
Microfinance Bank Ltd (VFT MFB)formerly known as SEDA is a fast growing
and reputable Micro Finance Bank(MFB), that has a loan book of
approximately TZS. 20 billion and more than 30,000 client base, more
than 5,000 of whom are small holder farmers. VFT-MFB is seeking to
employ a dynamic and committed Tanzanian young man or woman who has a
passion for people’s economic development to fill in the vacant
positions detailed here below;
Recommended:
Position: Loan Officer
Reporting to: Branch/Business Center Manager
Responsibility:
The Loan officer is responsible for promoting VFT loan and other products to potential customers, screening them against the eligibility criteria’s, assess the loan and recommend to the credit committee. The position holder also recruits customer not less than agreed targets and ensure portfolio quality below the acceptable level at all times.
Main tasks:
- Markets VFT- MFB LIMITED loan products or services and finds clients in designated areas of operation.
- Trains Clients on VFT- MFB LIMITEDs’ product and process as per the set policies for each loan product.
- Conducting Business and Home visit to clients with a view to verifying if the business produces a regular income to enable the client to pay back the loan.
- Conducts cash flow analysis and credit assessment to determine client’s credit worthiness and character assessment including ensuring client are well known to their respective location including the local government authorities.
- Open and maintain client’s files and ensure that all required information is filed according to the laid down policies.
- Guide the clients on filling and completing loan application forms, ensures that the forms are properly filled and affixed with clients’ photos as required and that clients read and understand every loan form before filling.
- Ensures that clients complete all other collateral requirements as per the set policies according to the loan products.
- Compile loan file with all required document as per credit policy and product book and Presents the loan file to the branch/Business center credit committee
- Responsible in ensuring that repayment of loans is done as per the agreed schedules and enforce zero tolerance policy to clients on loan repayment
- Immediate and close follows up on all delinquent loans to ensure on time repayment
- Monitor the assigned targets and Ensures the monthly targets are met at all times.
- Attend customers visiting the office and as well as customer complain and other customer care related issues.
Regulatory & Business Conduct:
- Display exemplary conduct and live by the Group’s Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across VFT MFB.
- This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Take personal responsibility to achieve the outcomes set out in the Bank’s Conduct Principles with respect to assigned names: Fair Outcomes for Clients; Effective Operation of Financial Markets;
- Financial Crime Prevention; The Right Environment.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Qualifications:
- A bachelor’s degree in Banking and Finance, Accounting, Microfinance, Economics, Business Administration, Finance or any related field.
- Excellent financial analysis skills especially financial ratio analysis to determine credit worthiness.
- Good knowledge in collateral and character evaluation of loan clients.
- Understanding of banking practice and related policy issues, their implications and applications.
- An understanding of the functions of and the implementation of Credit Bureau strategies.
Work Reference No. 017/22
Position: Marketing Manager
Reporting to: Chief Executive Officer
Job Purpose
The main purpose of the Marketing Manager is to promote VisionFund Microfinance Bank’s brand, products and services. The position holder shall lead in the development of VFTs Marketing Strategy and marketing plan. The Marketing Manager shall lead the development of innovative strategies to significantly improve VFT brand visibility and appeal in the market. The position holder shall ensure that VFTs branches are located in appropriate places to increase client coverage and brand visibility and that branches are well and uniformly branded to maintains a compelling cooperate appeal to the clients. The Manager shall ensure VFTs has a strong presence on social media, radio and all other appropriate medias. Marketing Manager shall track and analyze the performance of advertising campaigns, managing the marketing budget and ensuring that all marketing material is in line with VFT’s brand identity. The position holder shall also be the key PR person for the bank as delegated by the CEO from time to time. Ultimately, the position holder will help VFT build and maintain a strong and consistent brand through a wide range of online and offline marketing channels.
Main tasks
- Develop strategies and tactics to get the word out about the bank and drive qualified traffic to the front door
- Deploy successful marketing campaigns and own their implementation from ideation to execution
- Produce valuable and engaging content for our website and social media blog that attracts and converts our target groups
- Build strategic relationships and partner with key industry players, agencies and vendors
- Prepare and monitor the marketing budget on a quarterly and annual basis and allocate funds wisely
- Oversee production and approve marketing material, from website banners to hard copy brochures and case studies
- Measure and report on the performance of marketing campaigns, gain insight and assess against goals
- Work with branch offices in identify the right location of the branch offices
- Facilitate the branding of the branches to maintain a compelling corporate appeal for the bank.
- Evaluating and optimizing marketing and pricing strategies.
- Coordinating marketing strategies with the operations department.
- Developing and managing the marketing department’s budget.
- Overseeing branding, advertising, and promotional campaigns.
- Managing the marketing department’s staff.
- Preparing and presenting quarterly and annual reports to senior management.
- Promoting our brand at trade shows and major industry-related events.
- In coordination with the CEO, manage all external communications for the bank.
Qualifications:
Marketing Manager Requirements:
- Bachelor’s degree in marketing, finance, business administration, or similar. A master’s degree in a relevant field will be advantageous.
- At least 5-year experience as a marketing manager preferably in similar industry.
- Extensive knowledge of marketing strategies, channels, and branding.
- Superb leadership, communication, and collaboration abilities.
- Exceptional analytical and problem-solving skills.
- Strong time management and organizational abilities.
- Good public speaking skills.
Work Reference No. 022/22
Position: Loan Officer Supervisor (Individual Loan)
Reporting to: Branch/Business Center Manager
Job Purpose
The Loan supervisor is responsible for overall supervision of Individual loan officers to deliver the agreed portfolio and client target with quality within the agreeable and acceptable level. The oversight will include monitoring Loan officer to operate within acceptable operation areas, verification of clients brought by Loan officer, supporting loan officer with daily reports and other essentials to enable them to deliver their required targets, conducting screening of clients and provide appropriate recommendation to Loan officer and Branch/Business center Manager. The position holder also provides periodic report to the Branch Manager and Regional manager of Loan officer performance and recommend appropriate remedy actions as required by VFT policies.
Responsibilities
- To supervise and monitors the daily activities of the Individual Loan Officers;
- To lead the conduct of the market research and survey activities within the outreach coverage area;
- To ensure that the Loan officer meets or exceeds the performance targets as agreed upon in the Business plan/Projec- tions;
- Assist the Loan officer to undertake prescreening including checking against the eligibility criteria, credit history check and credit reference bureau check;
- To conduct Home, Business and collateral visits of clients for verification and monitoring purposes; discusses with the concerned LOs any findings, and provides appropriate guidance;
- To conduct regular performance evaluation of the Loan Officers, and recommends any remedial action to the Business Center/Branch Manager and /or Regional Manager;
- To coaches, encourage, and mentor Loan Officers and other staff at the Outreach Center;
- To Ensure 100% on-time collection or enforces “zero tolerance against missed loan payments;
- Prepares performance reports on a daily, weekly and monthly basis and analyze reports vis-a-vis performance targets;
- To perform other tasks as may be prescribed by the Branch/Business Center Manager or Regional Manager;
Read Also:
Regulatory & Business Conduct:
- Display exemplary conduct and live by the Group’s Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across VFT MFB.
- This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Take personal responsibility to achieve the outcomes set out in the Bank’s Conduct Principles with respect to assigned names: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
- and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Qualifications/Experience:
- A bachelor’s degree in Banking and Finance, Accounting, Microfinance, Economics, Business Administration,
- Finance or any related field.
- Banking or Financial Institution experience of not less than 3 years 1 of which should be in supervisory position.
- Good understanding of credit analysis.
- Excellent financial analysis skills especially financial ratio to determine credit worthiness.
About our working environment & remuneration:
VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.
Mode of Application:
Interested and suitably qualified individuals should;
Forward their application letter, detailed CV’s with three referees, attaching certified copies of NIDA ID, academic and professional certificates; to: vftHRstaff@vftz.co.tz
All applications should be addressed to;
The Chief Executive Officer,
VisionFund Tanzania Microfinance Bank Limited
P.0. Box1546,
Arusha, TANZANIA.
The position should be the subject of the email application.
The deadline for the application is on 02nd September, 2022.
N.B. Only short-listed candidates will be contacted.
Disclaimer
VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.
