Offered Salary :

Senior Rural Finance Specialist at The National Treasury and Economic Planning, Nairobi

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Job Description

VACANCY NO: 11/SRFS/2023

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

  1. Provide pro-active support to the start-up and subsequent implementation to all rural finance-related RK-FINFA activities.
  2. Provide pro-active support to the start-up arrangements of the rural finance-related
  3. Participating Financial Institutions and borrower capacity building operations of RK-FINFA and their subsequent, effective implementation.
  4. Support the finalisation of the contractual arrangements for the establishment of the rural
  5. window to the National Credit Guarantee Scheme (CGS) and the smooth start-up of the R-CGS operations with banks, MFBs and SACCOs
  6. Work with the financial sector to engage Financial Institutions with rural orientation to actively expand their rural outreach with R-CGS support and cover
  7. Support the National Treasury (NT) in the selection and engagement of the Host Institution for the Green Financing Facility
  8. 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.
  9. 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
  10. 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 to transform 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
  11. experiences and use appropriate media to publish these products in Kenya and in the region
  12. Contribute to the formulation of the project workplans and budget with a focus of the Rural Finance intervention.
  13. Supervise and verify the quality of rural finance related services delivered by partners and service providers contracted by the Coordination Unit.
  14. 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
  15. Lead the technical preparation of the project periodic progress reports in the area of rural
  16. financial services clearly assessing implementation progress; achievement of outputs based expected development outcomes; and recommendations on the way forward
  17. 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.
  18. 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.
  19. Lead the preparation and negotiations of performance-based agreement with the project partners and service providers intervening in the implementation of rural financial services.
  20. 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.
  21. Ensure implementation of the recommendations of supervision and follow-up missions in the areas of rural financial services.
  22. Participate in technical knowledge sharing forums on Rural Finance in the Country and regions.
  23. Identification of new, appropriate PFIs for the GFF operations when expanding the GFF cover area from the original 14 counties to a nationwide coverage
  24. Contribute to the preparation of the project financial report.
  25. Undertake any other duty assigned by the Project Coordinator.

Minimum Requirements 

  • An advance Degree in Finance, Economics or related with a bachelor’s degree in commerce, Finance, Economics, or related discipline, with sound knowledge of contemporary 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 Power point, STATA and other software packages for data analysis and technical reports.
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