Background

The Malawi Agricultural and Industrial Investment Corporation (MAIIC) is a private sector-led development finance institution (DFI) incorporated in November 2018 under the Company’s Act. It was established to bridge the long-term financing gap in Malawi and spearhead private sector development. As a commercially oriented DFI, MAIIC plays a leading role in socio-economic development of the country in line with the Malawi Growth and Development Strategy III.

Applications are invited for the following Positions: –

Chief Enterprise Development Officer

Job purpose

One of the key business objectives of Malawi Agricultural and Industrial Investment Corporation (MAIIC) is the development of enterprises in various sectors of the economy. MAIIC, in its catalytic role, will work with various partners, collaborators, associations, consultants, government ministries and agencies, banks, microfinance institutions, regulators alike to create a strong enterprise base in Malawi with the objective of increasing their access to finance. MAIIC will deliver products and services to existing and new enterprises through various collaborators, intermediaries and partners alike.

The Chief Enterprise Development Officer will be responsible for the development, coordination and management of all clients that fall under the enterprise portfolio. S/He will support the process of ensuring that the clients that would like to access financing have all the necessary requirements and skills to be able to access finance from the financial sector with MAIIC playing a catalytic role of de-risking their businesses.  

Skills/Knowledge/Experience

  • Deep technical knowledge in enterprise development as demonstrated by successful work experience.
  • Excellent skills in managing multiple tasks requiring strong attention to detail.
  • High level of analytical and research expertise and strategic thinking.
  • Excellent leadership, interpersonal, team and communication skills (written and verbal).
  • A self-starter with demonstrable to ability to work independently with limited supervision.
  • Must be able to establish credibility and rapport ad ability to communicate and function professionally with high levels of organizations.
  • Must stay current on operational, product, and system changes/enhancements, as well as demonstrate good risk management decisions.
  • Must take “full ownership” of issues until they are completely resolved.
  • Work experience with other major development finance institutions will be an added advantage.
  • High level of computer aptitude, including knowledge of Microsoft Office Suite programs, and other database software.

Key responsibilities

  • Conducting a need assessment of enterprises and their financing gaps in Malawi to be able to understand the role MAIIC will play to catalyse the enterprise sector.
  • Exploring and developing partnership with partners, collaborators, associations, consultants, government ministries and agencies, banks, microfinance institutions, regulators alike to create a strong enterprise base in Malawi for the provision of skills and technology to enable enterprises access the required finance.
  • To conceptualise and develop appropriate products and services for existing and new enterprises across all economic sector of the country that would scale up access to finance.
  • To design and develop impact measurement methodology and criteria for all enterprises supported by MAIIC and its partners to be able to report the same on a periodic basis for corporate performance evaluation.
  • To develop and implement appropriate, efficient and cost-effective delivery channels for the enterprise products with banks and other financial institutions.
  • To help in the selection of partners, collaborators, consultants that will be required in the development of the enterprises in Malawi.
  • To coordinate the sensitization of the enterprises in Malawi on the work of MAIIC with the objective of creating broad-based awareness of the opportunities that MAIIC will create for enterprises.
  • To identify and work with skills and technology providers that will increase the capacity of enterprises to access finance to advance their businesses sustainably.
  • The Chief Enterprise Development Officer will prepare reviews for each business on a regular basis to review overall asset quality, including performance against original underwriting expectations.
  • The Chief Enterprise Development Officer will conduct regular site visits and prepare site visit reports for customers in his/her portfolio in accordance with policies and procedures.
  • The Chief Enterprise Development Officer will provide support, as required by management in managing distressed portfolios, including but not limited to conducting site inspections, appraisal reviews, and borrower or project financial analysis.
  • The Chief Enterprise Development Officer will from time to time have an opportunity or be required to work on other projects and initiatives related to either the credit functions or across the company as needed.
  • Policies and Procedures – the incumbent will be responsible for understanding, complying with, creating, and recommending updates to the policies and procedures related to his/her portfolio and the credit function.
  • Ensure compliance with the institutions credit policy and regulatory compliance standards.
  • Undertake other duties commensurate with the position as reasonably directed.

Qualifications

  • Minimum of a first degree in any of the following, banking, commerce, entrepreneurship, business administration, accounting, finance and economics.
  • Candidates with a higher qualification in any of the above disciplines such as a master’s degree in will be preferred.
  • At least 10 years’ experience in a similar role in a financial institution or a development finance entity.
  • Extensive knowledge of the Malawi financial sector.

Senior ICT Manager

Job Purpose

The Malawi Agricultural and Industrial Investment Corporation (MAIIC) as a development finance institution (DFI) offers tailored financial solutions in key sectors of the economy. MAIIC, with the assistance of the World Bank, is at an advanced stage of acquiring a core banking system to support its services and products.

The Senior ICT Manager will be responsible for the management of the core banking system and other critical ICT infrastructure including internetwork systems, cybersecurity systems, risk management systems, accounting system, procurement and human capital systems, website and social media, central data repository and office support systems, hardware, and a server room.

Skills/Knowledge/Experience

  • Deep technical knowledge in managing and supporting core banking system as demonstrated by successful work experience.
  • Ability to manage ICT infrastructure using cloud, on-premises or hybrid solutions.
  • Excellent skills in managing multiple tasks requiring strong attention to detail.
  • Excellent leadership, interpersonal, team and communication skills (written and verbal).
  • A self-starter with demonstrable to ability to work independently with limited supervision.
  • Must stay current on operational, product, and system changes/enhancements, as well as demonstrate good risk management decisions.
  • Work experience with financial institutions including banks and DFIs will be an added advantage.
  • Knowledge of enterprise architecture framework.

Key responsibilities

  • Support the preparation and implementation of the ICT departmental budget in line with Company’s policies and procedures.
  • Manage ICT risk management systems by implementing and monitoring policies, procedures and controls that address significant activities and ICT risks at MAIIC and ensure that they are effectively implemented and complied across the Company.
  • Manage and support critical ICT infrastructure including core banking system, network infrastructure, cloud systems, office support systems, data infrastructure, accounting system, HRM and procurement systems, CRM, website and social media and others.
  • Manage and train ICT support staff by effectively reviewing and actively monitoring the performance appraisal of junior staff and recommending interventions to Chief ICT Officer.
  • Be an ICT evangelist to MAIIC staff by managing awareness of ICT trends, risks and opportunities affecting ICT users.
  • Manage SLAs and contracts with third parties that offer ICT services in line with MAIIC’s relevant policies.
  • Manage subscriptions of various ICT services and trigger alerts for service renewals or service expiry.
  • Manage data security and ensure all critical data is 100% available, secure, and redundant.
  • Curate content for MAIIC’s website and social media.

Qualifications and experience

  • Degree preferably Bachelor of Computer Science or any related qualifications.
  • Minimum 10 years of banking or financial institution business of which at least four years should be at management level.
  • Knowledge of core banking system, with skills to support a high-value enterprise platform.

Credit Analyst

Duties and Responsibilities

  • Assessment and evaluation of credit applications
  • Facilitate timely review of credit facilities
  • Undertaking periodic ad hoc visits/spot checks to review clients operations
  • Ensure approval conditions of all facilities are in place before and after draw down
  • Ensure compliance of all policies, processes and procedures.
  • Identify, manage and monitor all accounts that not performing
  • Support foreclosure of assets where need be.
  • Managing and actioning all relevant Portfolio Reports.  
  • Management of the Institutions’s Partial Credit Guarantee (PCG) portfolio.
  • Manage renewal of insurance and valuations for the existing facilities.
  • Obtaining from legal documentation/Offer Letters all financial and non financial covenants, diarize, follow through and report in case of breaches.
  • Liaising with external agents (amongst them Collateral Managers, Independent Inspectors, Warehouse Managers) on behalf of the MAIIC and supervise on their activities in line with executed service agreements

Qualifications and Experience

Minimum qualification of bachelor’s degree in Banking & finance, Accounting, Economics or Business Administration.

Key Competencies

The job holder is required to have 3 years of relevant experience in:

  • Credit Risk Management (evaluation, monitoring, collateral management, and recoveries)
  • Credit control environment.
  • Collection procedures.
  • Kowledge of Bank credit policies and procedures.
  • Knowledge of regulatory framework for Banking and Development Finance Institutions (DFIs).
  • Applicant must have strong negotiation and computer skills.
  • Oral and written communication.

Executive Assistant

The Executive Assistant will manage the MD’s office and must have the ability to exercise good judgment in a variety of situations, and should have strong written and verbal communication, administrative, and organizational skills.

1.0    Minimum Requirements:

  • Minimum of 3 years’ Executive Assistant experience in a project-oriented company with a bachelor’s degree in Business Management, Marketing, or related field
  • Experience in managing project work or administrative work is desired.
  • Hands-on experience in marketing and communications is an advantage.
  • Extremely efficient, flexible, organized, and resourceful
  • Excellent communication skills, customer service skills, and business acumen
  • Excellent MS Office knowledge and proficiency on social media platforms.
  • Outstanding organizational and time management skills
  • Ability to interact with senior management and executive
  • Strong decision-making skills and attention to detail
  • Self-starter who can manage multiple projects and deadlines
  • Highest level of integrity, confidentiality, self-awareness, and desire to excel
  • Ability to travel when needed
  • Superior attention to detail and ability to meet tight deadlines
  • Ability to complete complex tasks quickly with little to no guidance and react with appropriate urgency to situations that require a quick turnaround

2.0    Duties:

Primary responsibilities include:

  • Support the Managing Director in planning, directing, managing, and coordinating day-to-day business activities.
  • Managing multiple complex calendars
  • Creating and preparing reports, presentations, and formal documents.
  • Prepare agendas, briefings, and preparation materials for meetings, appointments, and events; work closely with other staff to gather agenda items, briefing notes, and other materials, as needed. Distribute meeting materials in advance of meetings.
  • Prepare and print materials and presentations; coordinate with external event organizers with logistics, and communicate needs on behalf of the MD.
  • Planning and organizing events of all sizes, including marketing outreach.
  • Coordinating all business activities required of the company Managing Directors and Directors
  • Conducting internet research to keep up to date on things that are important to the company
  • Planning, coordinating, and ensuring the Managing Director’s schedule is followed and respected.
  • Communicating directly, and on behalf of the Managing Director, with Board members, investors, staff, and others.
  • Research, prioritize and follow up on incoming issues and concerns addressed to the Managing Director, including those of a sensitive or confidential nature.

Malawi Agricultural & Industrial Investment Corporation is committed to a diverse and inclusive workplace. Malawi Agricultural & Industrial Investment Corporation is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, disability, age, or other legally protected status.

How to apply

If you are interested to apply, please electronically submit your resume and application letter to: [email protected]  All Applications should be clearly marked with the respective position being applied. The application letter should be addressed to:

The Managing Director

Malawi Agricultural and Industrial Investment Officer

Gowa House

African Unity Avenue

Lilongwe

Deadline for receiving applications is 10 December 2021 Only shortlisted candidates will be acknowledged.