MF Finance Manager

POSITION DESCRIPTION

We are looking for Vietnamese competent candidates to fill the following vacancy:

WVV MF Finance Manager

Work base: Hanoi

Deadline for application: September 4, 2022

For detailed Job advertisement, terms of reference please find on following page:

WVV MF Finance Manager - Micro Finance Unit - World Vision Vietnam

TERMS OF REFERENCE

WORK CONTEXT / BACKGROUND

Micro Finance Program – World Vision Vietnam (MFU) is an independently managed program that promotes transformational development through the provision of micro financial services. MFU was established since 2006.

Micro Finance program’s mission is to foster improvement in the quality of life among the clients in Vietnam by assisting the economically active poor and graduating the moderate and poorest of the poor into entrepreneurial skills. This will be accomplished through a sustainable Micro Finance program that provides access to loans, insurance and savings within program areas.  All aspects of the services that MF program delivers are built to lead the development of appropriate models, capacities and systems for Micro enterprise development in Vietnam, resulting in sustainable economic development as part of WVI transformational development ministry throughout Area Program (AP) communities.

MF Program is structured in two management levels: central office in Hanoi and branch office at provincial and/ or regional level. All direct transactions with clients including clients screening, loan processing and loan collection are carried out at communities’ level through a network of local staff.

At present, MF Program is operation in 11 districts mainly in the north and central of Vietnam.

PURPOSE OF POSITION

• To support WV Vietnam to maintain high standard of financial stewardship.
• To manage MF Program’s treasury to ensure the sustainable operation and compliance with existing regulations.
• To supervise the accounting and finance management functions of the MF Program.

ROLE DIMENSION/DESCRIPTION

1.    Planning and system development

• Financial systems are established as required by VFI’s standardization and maintained in order to provide appropriate levels of security and controls over the organization's resources.
• Financial transactions are ensured to comply with VFI policies and standards, local regulators requirement as well as MF Program’s finance manual.
• Technical oversight is provided to the Branch accountants in formulating the branch accounting system
• Three – year financial projection is developed and regularly revised to incorporate into MF Program’s annual business plan.

2.    Accounting and finance Implementation

• Annual budget is accurately prepared, mid-year reviews are properly carried out and other budget revisions are timely made for both branches and national office as required.
• Measures to enhance the credibility and objectivity of financial statements and reports are identified and implemented.
• Appropriate and cost effective financial policies, procedures, internal control system are established, reviewed and updated.
• The finance management manuals are regularly reviewed and updated with all changes related to policies and procedures.
• Financial summary and analysis reports are reviewed.
• The preparation, updating and maintenance of program inventory, fixed asset records etc. are monitored.

3.    Monitor, follow-up and reporting

• Financial performance is continuously monitored against the operational and business plan; accomplishments and issues of concern are regularly informed to the National Program Manager and MF Program Advisory Board.
• The implementation of branch accounting system by Branch accountants is closely monitored; coaching and guidance are provided to them in a timely manner.
• The performance of the MF Finance Officer and Branch Accountants are closely supervised, monitored, coached, mentored to ensure high quality performance; inputs are provided to the annual performance appraisal exercise.
• Audit findings are followed up and recommendations are implemented.
• Financial/MIS reports are properly and in timely manner prepared & submitted to the national office, donors, support offices and VFI as required on a monthly, quarterly and annual basis.
• Sunsystem software is well managed; accounting and finance relevant e-copies and files are backed up and secured on a monthly basis.  

4.    Risk Management

• Maintain and update Risk Management Framework (RMF), Risk Appetite (RA) Statement, and the Risk tolerances to ensure they remain appropriate to the MFI’s activities
• Prepare reports on risk changes and trends that will have impact on operations and finance
• Manage directly the safety and security within the MF Finance team based on guidance from MF Program manager and established WVV guidelines, through security assessment, planning and management.
• Take responsibility for personal security, accurately identify and assess the dangers and respond in the most appropriate way; take all good faith efforts to keep other WVV staff and property secure with guidance and instruction as being trained by WVV.

5.    Staff development

• Necessary training and other support are identified and provided to MF Finance Officer and Branch accountants.

Knowledge, Skills, Abilities:

Education

• A Bachelor Degree in Accounting or Finance.
• A Chartered Accountant or Certified Public Accountant.

Knowledge & Skills

• Knowledge of Generally Accepted Accounting Principles and a practical knowledge of financial systems and internal controls.
• Knowledge of accounting theory and financial statements and government tax requirements.
• Strong accounting and finance management skills.
• Good oral and written communication skills, team building skills, and ability to work in a cross?cultural environment with a multi?national staff.
• Good English skills (both spoken and written).
• Good computer skills (Words, Excel, Access).

Experience

• At least 5 years relevant experience with minimum 3 years in a senior supervisory role.
• Experience in treasury activities, establishment and monitoring of budgets, and an understanding of data processing concepts and systems.

Interested candidates are invited to submit your application by sending the CV and Cover Letter to [email protected]

Our contact details are:

People and Culture Department
World Vision International - Vietnam
Address: No. 444 Hoang Hoa Tham street, Tay Ho District, Hanoi.
Tel: 024. 39439920

We give equal opportunity to every candidate, regardless of religion, race and gender.

A competitive salary, benefits and career development opportunity will be offered and commensurate with the experience, qualifications and responsibilities.