Chief Executive Officer

VACANCY – CHIEF EXECUTIVE OFFICER (CEO) – WEALTHNET FINANCE PLC

Wealthnet Finance PLC is registered by the Reserve Bank of Malawi as a Deposit Taking Microfinance Institution. The institution is looking for a visionary, innovative and strong candidate capable of managing and directing overall operations of the institution. The candidate must be a big picture type of individual, who must completely understand good corporate governance and be able to set and monitor functional SMART goals. The candidate must have a strong management background with practical understanding of tools used to measure/monitor the performance of members of staff within the organization. This is a most senior and very important position that requires a deep understanding of banking operations, as well as microfinance industry. The candidate must be conversant with designing innovative financial products.

Roles and Responsibilities include the following:

1. CORPORATE STRATEGIC PLANNING AND IMPLEMENTATION

• Lead in the design and implementation of corporate strategies for the institution;
• Provide guidance to the board on how to improve on the company’s operations in all departments;
• Develop and enforce sound policies and procedures for the departments and operational activities;
• Collaborate with heads of departments in creating and implementing long term business plans to ensure continuity and sustainability of business operations;
• Review and determine skills gaps and staffing requirements and ensure the company has adequate staff;
• Lead management in sourcing and developing business core capital;
• Plan and implement a sound, practical and efficient corporate resource utilization;
• Lead and manage fast pace growth in opening new branches and agent network across the country.
• Lead and manage acquisition and adoption of suitable technologies for various aspects of the business.

2. OPERATIONAL ACTIVITIES

• Monitor daily operations to ensure a free flow process and execution of daily tasks;
• Oversee performance of core activities ensuring that procedures and policies are followed;
• Coach, mentor and supervise core business personnel and ensure that they are adequately trained and operate at a high standard of timeliness and professional competency;
• Ensure effectiveness and efficiency in all departments, team development, team morale and implementation of finance code of conduct at the various levels in operations;
• Plan/budget and manage utilization of company resources in liaison with heads of departments;
• Manage staff, preparing work schedules and assigning specific duties
• Ensure and enforce effective time management for the entire members of staff.
• Timely submit board reports according to company policy
• Prepare schedules for board and management meetings and ensure that such schedules are adhered to at all times.

3. COMPLIANCE AND RISK MANAGEMENT

• Compile company reports as required by regulatory authorities i.e. Reserve Bank of Malawi;
• Have the capabilities/strong understanding of managing a listed company.
• Develop financial back up plans to protect business operations in the event of major crises that could result in huge losses;
• Review effectiveness of operational procedures for all departments and make recommendations for improvement;
• Ensure that all company operations are done within the company’s approved policy framework.

4. QUALIFICATIONS AND EXPERIENCE

• The ideal candidate must have minimum of Bachelor’s Degree in Business, a Master’s Degree in Business Administration will be a plus.
• Management/Finance/Banking or any other relevant qualification from a recognized institution;
• They must have at least 8 years’ managerial experience from the banking or microfinance industry.
• Must have at least 10 years’ experience in banking and/or microfinance sector.

Interested applicants should submit their applications together with their Curriculum Vitae and names and addresses of three traceable referees to The Human Resource and Administration Manager, Wealthnet Finance PLC, P/Bag B444, Lilongwe 3. Email: hr@wealthnetfinance-mw.com by close of business on Monday, 28th October 2024 Or you may submit the application letters at our Blantyre Offices in Kabula House, Blantyre CBD and Lilongwe Offices at Mvuma House in Area 6 Off M1 (200m from Mbowe Filling Station), Plot Number 06/150 (Opposite Mlambe Lodge).

VERY IMPORTANT NOTE: Please indicate your expected salary and benefits in the application letter. You will not be called for interviews if these are not clearly indicated.

Please note that only shortlisted candidates will be contacted.