Main duties and responsibilities:

The Managing Director (MD) is the top management position within the MISFA management structure. The MD is responsible for the day-to-day operations of the institution,providing strategic direction, being “the face of MISFA”, maintaining effective fiduciary oversight of MISFA’s investments, communicating regularly with the Chair of the Board,and providing timely reports to the members of the Board.

The main responsibility of the Managing Director is to execute MISFA’s mission and work towards MISFA’s vision by implementing the corporate strategy approved by MISFA’s Board of Directors, the ultimate decision body of the institution. Long term success of the Managing Director will be reflected and measured in the achievement of a sustainable, efficient and commercial development finance sector stimulating the economic growth in Afghanistan.

The specific tasks related to this position include, but may not be limited to, the following:

· Provide strategic guidance and leadership to MISFA and the Afghan microfinance sector.

· Proactively participate and lead the strategy development process with the Board of Directors.

· Set out and implement MISFA’s strategy after Board approval.

o Formulate credit policies.

o Designing innovative financial and non-financial products based on the market needs - what kind of loan SMEs, business community and poor people need under which terms and conditions.

o Leading the design products accordingto the principles of “Islamic economy and finance”.

o Ensuring diversification of MISFA’s loan portfolio.

o Assure and maintain comprehensive financial oversight on the performance of the institution and the adequate reporting of such to board and stakeholders.

o Assure financial analysis and performance reporting on institutional level, product level, partner institution level as well as across geographies, sectors and other adequate segments.

o Identifying and practice internationally accepted accounting policies and procedure.

o Establish a comprehensive risk management framework at MISFA, adequate to the size and nature of the operation.

o Financial risk-mitigation and analyze relevant to the organizational work scope.

o Establishment of long-term financial health and growth’s strategy and work plan.

o Conduct analysis to make forecasts and report to Board approval.

o Develop the corporate fundraising strategy and manage relationships with partners and investors.

o Islamic Loan’s assessment, analysis and appropriately according to the existed situation and priority of government.

o Identification of best market-driven financial and SME’s loan model, aims to support the vulnerable SME’s and provide adequate package to prevent from the bankruptcy and failure.

· Maintain Board Communication and Management Program by:

o Ensuring that Board meetings are timely, organized, with the appropriate materials prepared in advance.

o Ensuring that Board members receive reports accurately and consistently in accordance with articles, policy and strategy.

• • Ensuring that the institutions’ governance adheres to the MISFA Articles of Association (AoA), Memorandum of Agreement (MoA), and the Governance Manual.
  • Working closely with MISFA’s Chairman of the Board, providing periodic updates on important developments.
  • Preparingthe annual budget and work plan for board approval.
  • Ensuring the induction of new members and acting as company Secretary.

· Maintain/enhance the current Donor Communication and Management Program by:

• • Maintaining positive working relationships with International donor agencies contributing to MISFA, and upholding their trust and confidence.
  • Ensuring periodic donor meetings, providing donors additional information that they require from time to time, and arranging presentations and field visits for their visitors from headquarters; and
  • Ensuring that the donor reports are prepared and presented in time, in collaboration with Department Managers.

· Coordinate with the relevant ministries/agencies of the Government of Afghanistan and build a positive perception of microfinance within Government circles.

· Establish a solid relationship with all implementing partners; maintain efficient and regular communications with them and ensure that their technical and other needs are addressed.

· Ensure all the implementing partners are adhering to the requirements of their agreements with MISFA and the performance standards agreed upon with them.

· Maintain and develop good relations with all partners in the financial sector that wish and or are willing to contribute to developing an all-inclusive financial sector in Afghanistan.

· Maintain working relations with international partners promoting financial inclusion.

· Create an environment in MISFA that is in harmony with local traditions and values and provide staff the opportunity to bring out their best in a spirit of teamwork.

· Maintain effective fiduciary oversight of MISFA investments.

· Increase and strengthening up the financial package’s information and awareness among targeted groups.