Senior Rural Finance Specialist at The National Treasury and Economic Planning

Job Description

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Excellence in Economic and Public F­inancial Management, and Development Planning. MISSION To Provide Leadership in Economic and Public Finance Management, and development planning for shared growth through formulation, implementation and monitoring of economic, financial and development policies. Core Values The National Treasury and Planning is committed to providing quality services to all and is guided by the following Core Values; Customer focus: We put our customers first and continuously provide timely and quality services that match or exceed their expectations. Results Oriented: The National Treasury and Planning shall relentlessly pursue timely attainment of targeted results at all levels Stakeholder Participation: We adopt a participatory approach to policy formulation, planning, budgeting, monitoring and evaluation to facilitate inclusiveness, ownership and consensus. Professionalism and Ethical Practices: All staff shall uphold high moral standards and professional competence in service delivery. Transparency and Accountability: We uphold transparency and accountability in service delivery. Teamwork and Commitment : We embrace team work and commitment through collaborative efforts of all actors to achieve common goals.

VACANCY NO: 11/SRFS/

The specific duties of the Senior Rural Finance Specialist will include:

Provide pro-active support to the start-up and subsequent implementation to all rural finance-related RK-FINFA activities. Provide pro-active support to the start-up arrangements of the rural finance-related Participating Financial Institutions and borrower capacity building operations of RK-FINFA and their subsequent, effective implementation. Support the finalisation of the contractual arrangements for the establishment of the rural window to the National Credit Guarantee Scheme (CGS) and the smooth start-up of the R-CGS operations with banks, MFBs and SACCOs Work with the financial sector to engage Financial Institutions with rural orientation to actively expand their rural outreach with R-CGS support and cover Support the National Treasury (NT) in the selection and engagement of the Host Institution for the Green Financing Facility Work directly with the Green Financing Facility (GFF) Host institution to encourage the active participation of appropriate MFBs and rural DT-SACCOs in the green financing operations with the GFF support. Oversee the establishment of an effective, IT-based MIS and reporting systems for the R-CGS and GFF operations and organise systematic field verification visits to the PFIs and their RK-FINFA-supported clients Lead, together with the NT and the GFF Host Institution, the fundraising efforts to scale of the outreach and impact of the RK-FINFA key financing instruments Co-operate with the RK-FINFA supported efforts to improve the operational environment for rural finance in Kenya, including mainstreaming to the National Treasury initiative totransform the CGS into a semi-independent company Prepare, jointly with the implementing partners and the project Knowledge Management (KM) staff, knowledge management products based on RK-FINFA rural finance experiences and use appropriate media to publish these products in Kenya and in the region Contribute to the formulation of the project workplans and budget with a focus of the Rural Finance intervention. Supervise and verify the quality of rural finance related services delivered by partners and service providers contracted by the Coordination Unit. Technical Participation in the design, monitoring and evaluation of the rural finance monitoring and evaluation framework; and ensure that project targets and development objectives are timely and effectively met Lead the technical preparation of the project periodic progress reports in the area of rural financial services clearly assessing implementation progress; achievement of outputs based expected development outcomes; and recommendations on the way forward In collaboration with the Senior Monitoring and Evaluation Officer, ensure related knowledge management, including the identification of policy lessons, are developed and uploaded in the Programme’s website. In collaboration with the Senior Monitoring and Evaluation Specialist, coordinate the economic and financial analyses on the impact of RK-FINFA funded activities on target groups. Lead the preparation and negotiations of performance-based agreement with the project partners and service providers intervening in the implementation of rural financial services. Work closely with other rural finance support initiatives in Kenya with the regional RF networks to learn from their experiences for the benefit of RK-FINFA implementation. Ensure implementation of the recommendations of supervision and follow-up missions in the areas of rural financial services. Participate in technical knowledge sharing forums on Rural Finance in the Country and regions. Identification of new, appropriate PFIs for the GFF operations when expanding the GFFcover area from the original 14 counties to a nationwide coverage Contribute to the preparation of the project financial report. Undertake any other duty assigned by the Project Coordinator.

Minimum Requirements 

An advance Degree in Finance, Economics or related with a bachelor’s degree incommerce, Finance, Economics, or related discipline, with sound knowledge ofcontemporary issues in the rural economy of Kenya. A post graduate qualification in Development Finance Relevant professional work experience of at least 10 years at a senior level in a development finance institution or rural finance programme, and 5 of which in donor funded rural finance projects Working knowledge of written and spoken English and Kiswahili Excellent analytical and report writing skills. Excellent spoken and written English. Strong knowledge of computer applications, particularly MS Excel, Word, Access and Powerpoint, STATA and other software packages for data analysis and technica reports.