Palladium Credit Guarantee Advisor Jobs in Kenya

Palladium Credit Guarantee Advisor Jobs in Kenya


Background

  • The coronavirus pandemic is negatively impacting Kenya’s economy, in particular micro, small, and medium enterprises (MSMEs) and their ability to access financing.

  • The Central Bank of Kenya revised its GDP estimate for 2020 from the initial growth of 6.2% to 3.4%, whereas a McKinsey & Company report placed reduced the growth expectations for Kenya to 1.9%.

  • To stimulate financing, specifically for MSMEs, the Government of Kenya is considering a loan guarantee mechanism for financial institutions. The Kenya Investment Mechanism may assist in the development and launch of such a guarantee fund.

  • KIM seeks to develop a pool of short-term financing experts who can strategically complement the development, design, launch, implementation, and monitoring of a credit guarantee fund.

    Scope of Work Objective

    To assist with the establishment of a guarantee fund in Kenya, KIM is issuing this call for short-term consultants with credit guarantee experience in one or more of the following areas:

  • Design and development

  • Implementation

  • Implementor capacity building

  • User training

  • Claims processing

  • Monitoring

  • Legal and policy regulations

  • This scope of work is not just about advising and directing the development of a guarantee model.

  • It’s about co-creating with GoK stakeholders and strategically complementing our GoK partners, building their capabilities for future self-reliance.

    Proposal submission

    Interested individuals must submit

  • a cover letter outlining their experience and qualifications to undertake the assignment;

  • a detailed CV;

  • a description of specific credit guarantee experience with examples of responsibilities and achievements;

  • proposed daily rate (fee inclusive of any taxes).

  • KIM is obliged by the Kenyan tax authorities to withhold 5% income tax on service fees as well as
    any applicable VAT.

  • Tenderers are advised to ensure that they have a clear understanding of their tax position with regard to the provisions of Kenyan tax legislation when formulating their financial proposals.

    Required qualifications and experience of the consultant (individual):

  • Minimum 10 years of experience working as a commercial loan officer, credit manager, or private equity investment officer;

    Demonstrated experience in one or more of the following:

  • 5 years of credit guarantee investment advisory experience preferred;

  • Solid knowledge of finance and investment for MSMEs;

  • Demonstrated soft skills:

  • Detail-oriented with strong critical thinking, problem solving, analytical, and negotiating skills;

  • Excellent verbal, written, and presentation communication skills;

  • Ability to think and plan strategically.

    Education

  • Bachelor’s degree in a related field is required, Masters preferred

  • Formal bank credit training preferred

    Selection Criteria

  • The successful candidates will be selected through an evaluation of the technical proposal in line with the Technical Evaluation Grid Form below.

  • The financial offers of those tenderers reaching a minimum score of 60 will be evaluated to generate an overall assessment for review and selection by KIM’s procurement committee.

    How to Apply

    For more information and job application details, see; Palladium Credit Guarantee Advisor Jobs in Kenya

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