Job Summary
The Financial Institution Transactions Advisor will assist the Investment team, including all supply-side efforts to incentive the Kenyan financial sector to significantly expand financing and investment.
Minimum Qualification:Masters
Experience Level:Management level
Experience Length:10 years
Job Description/Requirements
USAID’s Kenya Investment Mechanism
Position Description – Financial Institution Transactions Advisor
Position Level: Manager Level II
Project Overview
USAID’s Kenya Investment Mechanism (KIM)
KIM is a USAID funded project that is designed to unlock $400 million in investment for key sectors of Kenya’s economy, including agriculture; horticulture, dairy, and livestock (supported by Feed the Future), energy (supported by Power Africa), regional trade and investment opportunities (supported by the Prosper Africa initiative), women-owned businesses as well as in the WASH, health, and infrastructure sectors. KIM addresses constraints on both the supply and demand sides of investment transactions and is building a market system that will mobilize substantial capital from the public and private sectors. By building local partnerships among stakeholders in the financial system, KIM is stimulating the power of the private sector to accelerate Kenya’s journey to self-reliance.
KIM addresses two principal market failures that have discouraged investors from financing important segments of the targeted sectors: (i) insufficient quality consulting services (financial, transaction advisory, strategy, and business performance); and (ii) limited scalability of financial products tailored to selected key sectors of the economy in the region. KIM provides capacity building support to both business advisory service providers (BASPs) and Financial Institutions (FIs). KIM uses smart incentives to mobilize finance for development in the targeted sectors. These incentives are designed to create a sustainable ecosystem for businesses to access finance and investments needed to expand and grow. Business transactions are further supported by a diverse range of sustainable partnerships--with and among strategic businesses, institutions, government counterparts (county and national) and other development partners. These partnerships will lead to scaling and replicating creative approaches to unlock finance and investments, reduce risks of extending credit to the agriculture and energy sectors, and offer testing of innovative business models that can be scaled.
The Palladium Group
Palladium is the implementing organization behind KIM. As a global leader in the design, development, and delivery of Positive Impact, Palladium creates enduring social and economic value. We work with foundations, investors, governments, corporations, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.
For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved - and is committed to continuing to improve - economies, societies and most importantly, people's lives.
The Role
The Financial Institution Transactions Advisor will assist the Investment team, including all supply-side efforts to incentive the Kenyan financial sector to significantly expand financing and investment.
Responsibilities
• Manage incentives to expand finance and investment to the target value chains at significant scale
• Facilitate linkages and strategic partnerships between enterprises, the government of Kenya, the private sector, donor implementing partners and the financial sector leading to expanded finance
• Assist in facilitating training and technical assistance to financial sector actors as required to enable them to improve their ability to expand lending to the energy and agriculture sector.
• Identify communication activities that highlight the successes of financial institutions in expanding financing
• Assist with the management of the Kenyan financial institutions and the project, investees, and all other stakeholders
• Supervise subcontractors involved with facilitating training and technical assistance to the financial sector actors to enable expanded finance and investment to target sectors
• Closely monitor deal closure and management, ensuring compliance with both financial and social impact requirements
• Well-networked among financial institutions, fund managers, and other types of potential investors in the region.
• Ability to effectively communicate with partners and stakeholders.
• Travel as necessary within Kenya to support monitoring and closure of deals
• Other duties as deemed necessary.
Requirements
• Master’s Degree in Finance or Banking.
• 10 years’ experience in financial projects and/or banking sector in developing countries
• Experience in the Kenyan financial sector is preferred.
• Demonstrated soft skills: critical thinking, problem solving, analytical thinking, detail-oriented, negotiation, and communication skills.
• Proven experience developing and finalizing high quality deliverables.
• Excellent verbal, written, presentation communication skills.
• Demonstrated ability to think and plan strategically
• Kenyan professionals preferred.
Please note that this position is contingent on USAID approval.
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