Sakchyam Access to Finance for the Poor Programme (Sakchyam) is funded by UKaid as part of an agreement between the Governments of Nepal and the UK. Sakchyam is implemented by Louis Berger for the Department for International Development (DFID Nepal) in partnership with local and international institutions.
The programme is working with the public and private sectors to leverage access and facilitate financial sector development in Nepal for Micro, Small and Medium Enterprises (MSMEs) and for poor people with a focus on the Sudur Paschim, Karnali and Province 5, and beyond. To do so, the programme focuses on three main outputs:
- Improved SME Finance as banks and other financial institutions provide more and better products and services to these enterprises
- Strengthened capacity of microfinance financial institutions (MFIs) as well as other formal and semi-formal financial institutions, to provide services in selected districts
- Improved financial capability of enterprises and households in priority districts
Sakchyam identifies its entry points as market-led solutions to market failure and or missing markets. It has established the Sakchyam Challenge Fund to attract and leverage private sector investments to launch innovative business models targeted at poor people and communities; which deliver socio-economic benefits to financially unserved and or underserved people and entities, but on a commercially-sustainable basis. Sakchyam co-invests in innovative projects that has high social value would remain un/under invested if only left to private sectors, but crucial to improve livelihood of target beneficiaries.
The programme is looking to fill the following position:
Position: Administration and Finance Manager (1 position)
Duty Station: Kathmandu, Nepal (with some travel in Nepal)
LOE: Full time
Start Date: February 2019
The Administration and Finance Manager will be responsible for overseeing all financial accounting and general office services for a high-quality, results-oriented project. S/he will be responsible for maintaining the programme’s financial integrity, preparing all financial reports efficiently and in accordance with generally accepted accounting principles, local government regulations, Louis Berger policies and procedures, and donor requirements throughout the life of the project. S/he will also be responsible for overseeing human resource management aspect of the national staff.
Key Responsibilities: The key responsibilities of the Administration and Finance Manager is as follows:
- Manage the accounting, finance and administration components of the program, including the various petty cash funds and field office finance, accounting and administrative activities;
- Ensure consistency with Louis Berger’s standard operating procedures, policies and accounting principles.
- Develop procedures for monitoring and analysing project budgets, which allow accurate projection of expenditures and comparisons of actual and budgeted spending.
- Coordinate monthly requests for funds, based on budget and cash flow projections, to ensure the project has all necessary funds for operations.
- Coordinate and oversee program tendering and procurement activities in country.
- Ensure financial reporting is in accordance with DFID’s contractual requirements.
- Advise project staff on financial health through the provision of regular and timely financial expenditure reports.
- Review and approve all vouchers prepared by the finance officer (disbursement, receipt and general journal vouchers) for expenditures and ensure that expenses are reasonable, allowable and allocable to the project.
- Review and approve field office fund request.
- Oversee payroll procedures for national staff, administer payroll, and monitor employee time keeping.
- Develop and implement office administrative and personnel systems.
- Oversee execution and timely renewal of contracts with consultants, sub- contractors, service providers and vendors, owners of leasehold properties, and others.
- Maintain financial controls and procedures for the management of funds and sub awards/contracts.
- Liaise with the Team Leader to ensure the project needs are being met in terms of accounting, contracts, human resources, IT, and operations.
- Supervise project staff and consultants working on finance and administrative for the project.
- Monitor consortium and partners’ management of funds and cross check source documents.
- Maintain financial files and support annual audits.
Reporting: Candidate will report to the Team Leader.
Minimum Qualifications and Experiences
- Bachelor’s Degree in Accounting, Finance or related field.
- Knowledge of the Government of Nepal’s taxation policies, laws etc.
- A minimum of 7 years’ progressive financial management and administration experience on international development projects.
- Demonstrated effective interpersonal skills, creative problem-solving, ethical management skills and excellent written and oral communication skills.
- Strong analytical and computer skills, especially with accounting software, spreadsheets and financial analysis.
- Strong written and oral communication and presentation skills in English and Nepali.
- Prior experience with financial management of a DFID funded programme will be an added advantage.
Position: Financial Service Providers Capacity Building Advisor (1 position)
Duty Station: Kathmandu, Nepal (with extensive travel within Nepal)
LOE: Full time
Start Date: February 2019
Financial Service Providers (FSP) Capacity Building Advisor will support the Financial Inclusion Component to assess the capacity of potential Sakchyam partner financial institutions (FIs); design targeted capacity strengthening plans; and oversee their implementation with the partner FIs to enhance their overall capacity to offer new and innovative financial products and services in development regions as specified by Sakchyam. The incumbent will report to the Financial Inclusion Component Lead and will work in close coordination with the SME Finance, Financial Capability and other components of Sakchyam.
Key Responsibilities: The key responsibilities of the FSP Capacity Building Advisor is as follows:
- Identify and develop relationships with key FSPs in each of the priority districts (MFIs, MFDBs, and Cooperatives).
- Conduct capacity assessment of each of the partners and identify areas for potential capacity building/strengthening.
- Prepare individual capacity development plans for all selected partners based on observations and findings from capacity assessment conducted by the programme.
- Support partner FIs to design and develop financial products and services.
- Work closely with the programme’s Financial Capability Component to design and develop standardized financial capability curricula for institutionalization with partner FIs.
- Support Financial Inclusion component to conduct feasibility study, finalize business and technical requirements, issuance of call for note/business applications/RFPs, and selection of technology solutions in developing technology-based (Mobile, POS, etc.) financial products and services.
- Provide technical assistance to partner FIs to adopt mobile enabled and online core loans administration system.
Reporting: Candidate will report to the Financial Inclusion Component Lead.
Minimum Qualifications and Experiences
- Master’s Degree in Business Management/Financial Management or related discipline.
- More than 7 years of direct work experience in conducting training and capacity building for MFIs with demonstrated experience in conducting institutional assessment and due diligence, capacity building, planning and implementation, and hands-on and class-based technical assistance.
- Excellent communication skills in English and Nepali, both in writing and speaking.
- Excellent interpersonal skills and ability to work effectively within a team.
- Ability to work in tight deadlines.
- Willingness to travel to the field in short notice.
An attractive remuneration package, commensurate with experience and qualifications will be offered to the right candidate for the above-mentioned positions. Interested candidates should submit their curriculum vitae with a cover letter stating the motivation for applying and salary expectation at firstname.lastname@example.org. Female candidates are encouraged to apply. The deadline for receipt of applications is 5 PM Nepal local time, January 18, 2019.
Position: Credit Scoring Expert
Duty Location: Kathmandu
Expected Start Date: By end of Q1 2019 latest or earlier by mutual agreement
Project End date: July 2020
Sakchyam Access to Finance Programme is supporting two leading commercial banks of Nepal (Partner Banks), to implement a focused MSME banking strategy. The Partner Banks have recently completed a diagnostic exercise of their MSME Banking Business. To support the implementation phase, proposal from qualified firms are sought for the development and implementation of MSME credit scoring model/s.
Although the EOI should be submitted by a duly registered firm with relevant experience, the selection will be based solely on the specific experience and knowledge of the proposed expert i.e. Credit Scoring Expert, who must be able to demonstrate his/her ability to provide practical advice and guidance in designing and implementing a number of credit models (SME, Consumer loans). EOIs are expected to set out information about the qualifications of the proposed experts.
- Review of the Partner Banks’ existing MSME loan portfolio & credit processes: Review & understand the bank’s credit initiation and approval process for MSME, review governing product documents and credit policy. Identify key data requirement for developing the scoring model/s. Review the bank’s existing scorecard models/risk grading mechanism and its experience of using it in order to drive improvements in predictability and usability.
- Design and Implementation of MSME credit scoring model/s:
- Data collection and analysis, identify and propose appropriate models based on the data analysis outcome, develop appropriate scoring model/s including all the activities, methodologies, cut-off scores for decision making etc, validate model/s and support the bank to integrate the model/s with the appropriate credit processes through pilot testing and full-fledged roll-out;
- Conduct trainings for the bank staff (credit, risk, IT, MIS) on usage, implementation, validation and maintenance of the scoring models including steps to be followed for fulfilling future model development requirements;
- Provide support after the completion of the onsite work to develop the scorecards to respond to any inquiries from the bank regarding the deployment, maintenance, update and future model development of the Credit Scoring Model/s for MSME.
The expert/s will also undertake other tasks as identified and required during the implementation of the above tasks.
The Credit Scoring Expert will report to the Head of Risk. The experts will be expected to develop in conjunction with the banks an oversight structure to ensure project governance and monitoring of project progress.
Timeline and Budget
The project has a budget ceiling of USD 100,000 and the Partner Banks will deduct applicable local tax from all the invoices submitted. All project interventions must be completed by July 31, 2020. Implementation is expected to start by the end of Q1, 2019
- Master’s degree in economics/banking/finance or related areas.
- 10+ years of experience and good understanding of the finance and banking sector;
- Extensive hands-on experience in the design and implementation of credit scoring models for the target segments, including statistical, hybrid and expert judgment models;
- Understanding & experience of credit/products/operations in the MSME space;
- Research and statistical skills (specifically with regard to model development), documentation, reporting and presentation skills;
- Facilitation skills – to make use of the data outputs to design products/processes for multi-stakeholder environment;
- Understanding of scoring engines and software platforms to deliver an integrated scoring solution;
- Strong communication and presentation skills as well as an ability to work to tight deadlines.
- Strong team worker and ability to interact with bank staff from junior to senior levels.
- Knowledge of the MSME banking environment in Nepal or other South Asian countries
- Able to work in Nepal
Interested firms should submit their proposals in the following format:
- Brief introduction to the firm (1 page maximum);
- Presentation of the expert/s proposed for the above roles, to include CVs with details of relevant experience and references for at least 3 recent (last 24 months) projects implemented by the expert;
- Proposed timeline and outline project design (amount of time to be spent in Nepal, number of visits); d. Commercial proposal (to include daily fee rates for the experts, estimated airfare costs, proposed per diem and accommodation costs);
Non-conforming proposals, or proposals that exceed the stated maximums will not be considered.
No home office project management supervision/oversight time will be allowed under the project.
Proposals should be submitted by email to: email@example.com mentioning ‘Credit Scoring Expert’ in the subject line. The closing date for submissions is January 18, 2019.