Business Finance for the Poor in Bangladesh

 

Job Title: CIB-MF Credit Analyst

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

BFP-B Coordinator, MF-CIB
BFP-B Manager, MF-CIB

Supervises:
None
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 main responsibility will be to work with the MF-CIB Manager and Project Coordinator to support data collection, compilation and analysis pertaining to MF-CIB.  Such analysis will include Microfinance sector analysis in terms of growth, expansion in new products, loan size, shift of the sector towards microenterprise lending and so on. The Credit analyst will support the Manager, and Project Coordinator, MF-CIB with preparation of quarterly progress analysis reports for borrowers and also support analysis of budget spending, milestones achievements, preparation of BFP-B Quarterly report and other reports as required by BFP-B.  The specific responsibilities will be as follows:

  1. Collect and compile information related to Microfinance sector to help produce reviews and analysis of the sector in terms growth and expansion, particularly related to micro and small enterprises.
  2. Collect credit reports from participating MFIs from MRA and MFIs to provide analysis on borrower participation rate, shift of microcredit borrowers to microenterprises borrowers, loan size with types of products, expansion of credit volume, repayment rate and extent of overlapping.
  3. Assist the Project Coordinator in organizing Technical Committee Meetings and ensure follow up of decisions made in the meeting.
  4. Prepare minutes of the Technical and Implementation Committees meetings according to the guidance provided by MF-CIB Manager and Project Coordinator for internal circulation
  5. Assist the CIB Coordinator with preparing monthly implementation progress reports amongst others as required with the help of MF-CIB Manger on the CIB-MF component.
  6. Work with the BFP-B Communication consultants to provide inputs on component status for the project website.
  7. Participate in various meetings, seminars, workshops and discussion meetings related to the CIB-MF component and take notes for minute preparation, if required.
  8. Work on assignments that may emerge for the component based on the need of the project Team Leader and MF-CIB Manager, Nathan Associates, DFID, MRA and FID

Deliverables:

  1. Produce an analysis of progress in terms of number of MFIs, branches and borrowers participated in MF-CIB on a monthly basis;
  2. Analyse the effectiveness of MF-CIB in terms of production of credit report, increase in MFIs borrowers using MF-CIB, increase in loan size, expansion of total credit volume, specific to MFIs and also improvement of loan repayment on a quarterly basis;
  3. Produce analysis pertaining to shifting of borrowers from micro-lending to microenterprise loan, including the average loan size to assess increase in microenterprise participation of the microcredit borrowers; 
  4. Analysis with regard to cost of deliveries, i.e., calculation of average cost of credit report as a percentage of the annual operation costs, total capital investment and total annual costs, where investment costs depreciation would be costs and all these costs needs to be calculated separately and initially perform as monthly average costs, but as the project progresses, it could be done on a quarterly basis and annual basis.
  5. Actively assist preparation of the Minutes for MF-CIB Technical Advisory Committee and Implementation committee within 2-3 days after the meeting for management and stakeholders’ comments and ultimately circulation to FID, BB, MRA and the participants.
  6. Assist the Project Coordinator to organize at least two technical meeting bi-annually and one Project Implementation Committee bi-annually.
  7. Assist the Manager, MF-CIB and Team Leader, BFP-B to prepare any policy notes they require to produce within the time frame agreed with them, it is estimated that you would require to produce 4-6 such pieces for them.

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 2 years working experience in financial sector or development sector is necessary; experience of microfinance sector will be preferred.
  • Strong knowledge on data collection, management and analysis using software packages is essential. Familiarization of financial IT equipment and their use for areas of data storage and management is essential.   
  • Strong writing and communication skills in English are required.
  • Excellent data visualization skills are required.
  • Good interpersonal skills to communicate or to engage in dialogue with colleagues, official in the Government and agencies, MFIs will be considered as good attribute to this job. 
  • Language skills: Fluency in English and Bengali is required.

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