Vacancy title:
The Asset and Liability Manager’s (ALM)

[Type: FULL_TIME, Industry: , Category: Management]

Jobs at:
FINCA Malawi

Deadline of this Job:
Tuesday, November 11 2025

Duty Station:
Malawi | Blantyre | Malawi

Summary
Date Posted: Friday, October 31 2025, Base Salary: Not Disclosed

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JOB DETAILS:

In general, the Asset and Liability Manager’s (ALM) responsibility is to plan, manage the Liquidity, the Assets and Liabilities of FINCA Malawi so that the maturities are matched to always ensure availability of cash to meet the requirements of our clients, and to structure the balance sheet to that which optimizes returns on Investments.

Essential duties include the following. Other duties may be assigned.

Operations:

1. Planning and Development
   1. Prepare and prescribe tools to define the Asset and Liability processes
   2. Prepare Policies and procedures manual for Asset and Liability functions
   3. Define Asset and Liability benchmarks to measure the performance
   4. ALM should develop an Asset and Liability Management Database, where he/she can record the Asset and Liability Management indicators, economic data, market conditions, cash limits, Asset and Liability Management tools, reports and other financial information
   5. Define tools to monitor the Asset and Liability operations and implement them.
   6. Develop Transfer pricing and costing tools
   7. Help in preparation of budgets more accurately
   8. The ALM should help in designing the software system for Asset and Liability operations.
2. CashAlert the management of any serious situations of Cash and Bank balances (low or high) to take decision on the targeted disbursements, recurrent /capital expenditures or investments.
   1. Manage FINCA’s Cash and Bank balances effectively to maximize the returns on cash and bank balances
   2. Set proper cash limits for the HO and various branches so that lowest possible cash is kept with them and set procedures when the cash goes below/up the limits
   3. Set up proper Inter Bank Transfer procedures and the limits
   4. Set authentication and authorization procedures for Cash and Bank transactions
   5. Monitor the Bank Reconciliation on a monthly basis and guide the accounting team.
   6. Ensure smooth running of Asset and Liability operations at H/O and Branches and take necessary actions.
   7. Prepare Projected Cash Flows and compare with Actual Cash Flows and do a Variance Analysis and advise Management of the necessary actions to be taken.
   8. Alert the management of any serious situations of Cash and Bank balances (low or high) to take decision on the targeted disbursements, recurrent /capital expenditures or investments.
3. Savings
   1. Participate in the Asset Liability Management committee to set interest rates on savings products.
   2. Monitor impact of large savings depositors on the liquidity Reserves and the branches liquidity.
   3. Ensure that the withdrawal requirements of savings depositors are met at all times
4. Investments
   1. Manage FINCA’s investments (including Fixed Deposits) efficiently to get the maximum returns with minimum risk
   2. Closely monitor the due dates for interest, closure, renewal and maturities of investments so that FINCA does not suffer financial loss due to failure in renewal, closure or interest not credited by the institutions.
   3. Advise Management of the best investments that would give maximum returns
   4. Follow the money market closely to advise the management on the Cost of funds, changes in interest rates, changes in Government policies that can affect FINCA
   5. Coordinate and monitor FINCA investments including money market activities and regularly advise management on investment opportunities and their expectations.
5. Account Receivables/Payables
   1. Manage Accounts Receivables/Payables efficiently so that FINCA does not get into financial risks due to inefficient management of Accounts Receivables
   2. Keep track of the Accounts Receivables/Payables in HO or Branches and advise management on appropriate actions
   3. Analyze the legal issues and accounting or auditing issues relating to Accounts Receivables/Payables and advise Management of appropriate actions
6. Risk Management
   1. Risk Management is the crucial part of Asset and Liability Management, which protects FINCA from landing into serious financial crisis. The ALM should devise a strategy to avoid risks, to combat risk and pre-implement processes to meet any financial crisis.
   2. Evaluate the currency fluctuations, financial market conditions, interest rate fluctuations, investment decisions and advise management of the potential risk involved
   3. Investigate any cash malpractices or non-adherence to policies and take corrective measures in accordance with FINCA’s laid down
7. Statutory Compliance
   1. The ALM should prepare all his Asset and Liability Operations procedures in line with the statutory and legal requirements of Malawi
   2. Monitor FINCA’s Cash and Bank Accounts and investments daily to always ensure compliance with Bank of Malawi’s requirements.
   3. He/She should be able to design and provide timely and accurate reports to the Central Bank and other statutory authorities
8. Transfer Pricing Management
   1. Develop a transfer pricing system and policy.
   2. Set up and implement transfer pricing system in FINCA Malawi
9. Any other duties assigned from time to time.

Competency 

To perform the job successfully, an individual should demonstrate the following competencies:

• Analytical – Synthesizes complex or diverse information; Uses intuition and experience to complement data.
• Problem Solving – Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
• Technical Skills – Strives to continuously build knowledge and skills; Shares expertise with others.
• Customer Service – Manages difficult or emotional customer situations; Responds promptly to customer needs; Meets commitments.
• Interpersonal Skills – Focuses on solving conflict, not blaming; Maintains confidentiality; Remains open to others’ ideas and tries new things.
• Teamwork – Balances team and individual responsibilities; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone’s efforts to succeed.
• Managing People – Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates’ activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates’ skills and encourages growth; continually works to improve supervisory skills.
• Motivation – Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.
• Planning/Organizing – Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
• Quality – Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.

About the Candidate

                    Qualifications and Experience:

Education & Experience

• Minimum bachelor’s degree in commerce/accounting
• At least 2 years’ experience in similar job

Language Skills

Written and spoken fluency in English.

Work Hours: 8

Experience in Months: 24

Level of Education: bachelor degree

Job application procedure

How to Apply

Qualifying employees should submit their detailed resumes (indicating contact details of three traceable referees) and a cover letter detailing their qualifications and experience to: vacancy@fincamalawi.org.

Please include “Asset and Liability Manager Application – [Your Name]” in the subject line.

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