VisionFund Micro Finance Institution (S.C) is a leading provider of financial services to the underserved in Ethiopia. Established in 1998 and licensed by the National Bank of Ethiopia, we have a strong presence in both rural and urban areas. With a vast network of 112 branches connected by a robust core banking system, we offer convenient access to our services for over 1.3 million customers.
VisionFund is a dedicated microfinance institution committed to improving the lives of Ethiopians through accessible and affordable financial services. We empower individuals and communities by providing affordable loans, fostering financial literacy, and promoting financial inclusion in both rural and urban areas.
Chief Credit Officer at Vision Fund Micro Finances
The position holder will be responsible for credit appraisal, credit provision, portfolio management, loan recovery and engineering activities of the Institution. She/he will be directly report to Deputy CEO – Operations.
Major Duties and Responsibilities:
• Planning, organizing, coordinating and supervising the credit services, portfolio management, loan recovery and engineering services of the Institution;
• Monitoring and ensuring that thorough appraisal of customer’s business conditions, financial status and creditworthiness are carefully undertaken at branches and regional office levels;
• Ensuring the effective implementation of approved credit policies and procedures at all levels of operation;
• Reviewing credit proposals submitted by regional offices and concurring before passing on to Deputy CEO – Operation;
• Following-up the regular repayment of loans disbursed and the elimination of non-performing loans;
• Examining future business plan of big size loan customers against the existing and future economic environment when necessary ;
• Reviewing credit appraisal reports prepared by regional offices and submitting proposals to D/CEO – Operation;
• Reviewing credit approved at all levels and ensuring that decisions are made in accordance with the credit policies and procedures of the Institution;
• Reviewing reports regarding the financial status of non-performing borrowers and proposing for the rescheduling of loan repayments to regularize arrears;
• Studying and improving loan follow up procedures that improves credit follow up performance of the Institution;
• Following up and encouraging the amicable settlement arrangements of non-performing loans;
• Ensuring that pertinent information and files of delinquent borrowers are referred to the Loan recovery services for their perusal and legal actions, following up legal cases related with loan recovery and assisting in the foreclosure of assets on collateral;
• Monitoring closely the status of loans granted by the Institution, reviewing loan repayments on a weekly and monthly basis and preparing periodic reports on the overall loan portfolio of the Institution;
• Managing the development and maintenance of a high quality credit risk rating system used for credit decisions and capital allocation, and carrying out comprehensive credit risk analysis and appraisals of loan proposals of clients.
• Performs other duties as assigned by the DCEO – Operations.
• MBA/MA/BA Degree in Banking & Finance, Economics, Management, Accounting or related field.
• A minimum of 10/12 years of relevant work experience, out of which 4 years in managerial position, preferably in MFI/Banks.
• Ability to provide leadership, communicate effectively, and promote a team approach to enhance staff commitment to successfully implement the Company’s Strategic Plan;
• Demonstrated technical and managerial ability, sound judgement, ability to interact and work effectively with others at all levels;
• Firm belief in teamwork and gender equality;
• Capability and willingness to take responsibility and highly developed sense of integrity
• Proficiency in Microsoft office applications
• Excellent written and oral communication skills.
• Terms of employment: Permanent.
The position holder will be responsible for credit appraisal, credit provision, portfolio management, loan recovery and engineering activities of the Institution. She/he will be directly report to Deputy CEO – Operations.
Major Duties and Responsibilities:
• Planning, organizing, coordinating and supervising the credit services, portfolio management, loan recovery and engineering services of the Institution;
• Monitoring and ensuring that thorough appraisal of customer’s business conditions, financial status and creditworthiness are carefully undertaken at branches and regional office levels;
• Ensuring the effective implementation of approved credit policies and procedures at all levels of operation;
• Reviewing credit proposals submitted by regional offices and concurring before passing on to Deputy CEO – Operation;
• Following-up the regular repayment of loans disbursed and the elimination of non-performing loans;
• Examining future business plan of big size loan customers against the existing and future economic environment when necessary ;
• Reviewing credit appraisal reports prepared by regional offices and submitting proposals to D/CEO – Operation;
• Reviewing credit approved at all levels and ensuring that decisions are made in accordance with the credit policies and procedures of the Institution;
• Reviewing reports regarding the financial status of non-performing borrowers and proposing for the rescheduling of loan repayments to regularize arrears;
• Studying and improving loan follow up procedures that improves credit follow up performance of the Institution;
• Following up and encouraging the amicable settlement arrangements of non-performing loans;
• Ensuring that pertinent information and files of delinquent borrowers are referred to the Loan recovery services for their perusal and legal actions, following up legal cases related with loan recovery and assisting in the foreclosure of assets on collateral;
• Monitoring closely the status of loans granted by the Institution, reviewing loan repayments on a weekly and monthly basis and preparing periodic reports on the overall loan portfolio of the Institution;
• Managing the development and maintenance of a high quality credit risk rating system used for credit decisions and capital allocation, and carrying out comprehensive credit risk analysis and appraisals of loan proposals of clients.
• Performs other duties as assigned by the DCEO – Operations.
• MBA/MA/BA Degree in Banking & Finance, Economics, Management, Accounting or related field.
• A minimum of 10/12 years of relevant work experience, out of which 4 years in managerial position, preferably in MFI/Banks.
• Ability to provide leadership, communicate effectively, and promote a team approach to enhance staff commitment to successfully implement the Company’s Strategic Plan;
• Demonstrated technical and managerial ability, sound judgement, ability to interact and work effectively with others at all levels;
• Firm belief in teamwork and gender equality;
• Capability and willingness to take responsibility and highly developed sense of integrity
• Proficiency in Microsoft office applications
• Excellent written and oral communication skills.
• Terms of employment: Permanent
• Salary & Benefits: Negotiable and attractive salary. The Institution has also attractive benefit packages for the position including Institution’s car with adequate fuel allowance.
• Closing Date: April 30, 2025
• Salary & Benefits: Negotiable and attractive salary. The Institution has also attractive benefit packages for the position including Institution’s car with adequate fuel allowance.
• Closing Date: April 30, 2025
Candidates who fulfill the above requirements can send the application letter, updated curriculum vitae with names and addresses of up to 3 references and non-returnable copies of credentials to [email protected].
Note: – Only short listed candidates will be contacted for subsequent assessment
