Business Finance for the Poor in Bangladesh

 

Job Title: CIB-MF Coordinator

Project: Business Finance for the Poor in Bangladesh (BFP-B)
Contract start date: February 2018 Contract end date:  February 2020
Reports to:

BFP-B Manager, MF-CIB
BFP-B Team Leader

Supervises:

MF-CIB Credit Analyst

Background

Business Finance for the Poor in Bangladesh (BFP-B) is a programme funded by UKaid /DFID from the UK government. Bangladesh Bank (BB), the Central Bank of Bangladesh, is the implementing agency, and the Financial Institutions Division (FID) of the Ministry of Finance (MoF), Government of Bangladesh (GoB), is the executing agency. Nathan Associates London Ltd, in consortium with its partner, Oxford Policy Management, is the management agency for the programme. The programme aims at promoting innovative finance and financial services for micro and small enterprises (MSEs). It is designed to combine social and economic welfare objectives with a commercially-sound approach to increase access to finance for Micro and Small Enterprises (MSEs), especially those that are currently underserved by the formal financial sector. BFP-B is a multi-component programme which includes a Challenge Fund and Policy and Regulatory reform.  The Microfinance Credit Information Bureau for Microfinance Institutions (MF-CIB) will be an additional component of BFP-B.  The project components of BFP-B are designed so as to support each other to meet the overall objective of the project.

MF-CIB will promote inclusive growth and expand financial inclusion.  The objectives of establishing a CIB for MFIs are to:

  1. create a data depository system for microfinance institutions (MFIs) under an institutional arrangement to provide credit reports for each borrower based on the request of MFIs;
  2. build creditworthiness of borrowers through building up a credit history and stable financial flows;
  3. help integrate MFI and bank credit reporting to enable borrowers to access formal sector lending;
  4. promote microenterprise lending to higher-level SMEs through the integration of MFI and Bank lending for growth and employment; and
  5. reduce or eliminate overlapping in the sector to mitigate defaults, if needed.
Job Responsibilities

The CIB-MF Coordinator will mainly assist the Manager, MF-CIB to implement the CIB-MF component. However, s/he will be responsible to independently undertake some responsibilities with regards to preparing progress reports, organizing meetings, finalizing minutes, conducting dialogue with technical staff at MRA and MFIs and acting as a coordinating person for BFP-B with respect to MF-CIB component.

One of key responsibilities will be to work Microcredit Regulatory Authority (MRA), BB and FID to facilitate implementation of CIB-MF operations and its management. The objective of such facilitation role will be to ensure participation of 10,500 MFI branched to the MF-CIB by February 2020.

The specific responsibilities will be as follows:

  • Assist Manager, MF-CIB in the implementation of CIB-MF component according to the Project Document agreed amongst MRA, BB, BFID and DFID.
  • Assist BFP-B Team Leader, Manager, MF-CIB and the Lead DFID Advisor to identify implementation issues as well as help resolving any emerging problems that may arise during component implementation, through consultation. – these issues could be with regard to procurement, selection of MFIs and branches, coordination issues amongst BB, MRA, DFID and BFP-B and recruitment of MF-CIB staff.
  • Assist MRA to organize Technical Committee Meetings on a quarterly basis or as and when required depending on the importance of the implementing issues.
  • Assist MRA to organize Implementation Committee Meetings on a quarterly basis or as and when required depending on the importance of the implementing issues.
  • Provide guidance to the Credit Analyst to prepare high quality documentation of minutes from the Technical and Implementation Committee meetings ensuring true representation of discussions in the meetings for internal circulation.
  • Prepare Monthly, Quarterly and Annual implementation progress reports and other reports as required by BFP-B, DFID and MRA for MF-CIB component with the assistance of Credit Analyst.
  • Review Work Plans agreed with DFID and revise Work Plans, if necessary, in the event that such decisions are made between BFP-B and DFID.
  • Review the logical framework (Logframe) of the CIB component and assist Manager, MF-CIB.
  • Provide timely updates to Nathan Associates London as and when required with regard to implementation progress, milestones achievements, budget spending and other information as required.
  • Work with the BFP-B Communication consultants to provide inputs on component status for the project website.
  • Participate in various meetings, seminars, workshops and discussion meetings related to the CIB-MF component and prepare minutes, if required.
  • Supervise the work of the Credit Analyst and extend proper guidance to help capacity building.

Deliverables

  • Timely preparation of the quarterly, monthly, annual and other reports as part of the project reporting requirements and also demand based reports as and when arises, with full quality control check of the Manager, MF-CIB and Team Leader, BFP-B.
  • Maintain regular contact with MRA during MF-CIB implementation to ensure that the progress of implementation corresponds with planned implementation
  • Prepare monthly implementation reports for MF-CIB Coordination Meetings, chaired by Director 1, MRA and participated by BB-CIB representative, BFP-B.
  • Assist MRA to organize two Technical Committee meetings and two Project Implementation Committee meetings annually.
  • Review log frame and prepare progress reports with the Manager, MF-CIB for the BFP-B M&E Manager and Team Leader.
  • Assist and Support DFID in organizing field visits to witness progress of implementation and assess users’ perspective of MF-CIB, at least once annually.
  • Participate and contribute in workshops, seminars and discussion meetings and produce learning from each event for sharing within BFP-B.
  • The Coordinator may assist the Manager, MF-CIB with the legal amendment of rules and regulations of MF-CIB, and the legal consultant hired by MRA, in terms of sharing the legal work done by BFP-B on MF-CIB.
  • Build a strong working relationship with the Deputy Project Director (DPD) of MF-CIB as the DPD will be a key contact person.

Educational Qualifications and Experiences:

  • Post-graduate or undergraduate degree in Economics / Finance / Business Administration / Development Studies / Public Policy or any other relevant subject.         - -  Post-graduate qualifications are preferred.
  • At least five years working experience in financial sector or development sector is necessary; experience of microfinance sector will provide preferential treatment in the selection process.
  • Evidence of strong data collection, management and analysis skills using software packages is essential. Familiarity with operating Finance IT systems is essential.    
  • Experience of working with the Government of Bangladesh, its agencies, quasi-government and Microfinance Institutions, Microfinance Apex and Regulatory bodies (e.g. MRA) is desirable.
  • Knowledge and experience in conducting research and undertaking analytical work is desired.
  • Strong written and communication skills in English are required.
  • Good interpersonal skills to communicate or to engage in dialogue with different types of stakeholder (colleagues, official in the Government and agencies, MFIs) will be desired. 
  • Language skills: Fluency in English and Bengali.

Timeframe

The CIB-MF Coordinator will work full-time in Dhaka from February 2018 up to end of February, 2020.

 

Interested candidates are requested to send their CV (in prescribed format) with one page cover letter justifying their competency for this position to email address: BFP-B Admin and Finance Manager: MAhmed@nathaninc.com

Application deadline: 24 January 2018
Applicants should be available for interview week commencing 28th January 2018

BFP-B offers equal employment opportunity