Job Description
Palladium
- MAKE IT POSSIBLE
- Title:
- Location:
- Duration:
Financial Facilitation Manager
Colombo, Sri Lanka
Six Months (possibility of extension)
Project Overview and Main Duties & Responsibilities
Palladium seeks a Financial Facilitation Manager to join the Finance team for the USAID/Sri Lanka Private Sector Development (PSD) Activity, a 4-year, $12mn buy-in program under USAID's global CATALYZE Blended Finance Mechanism. PSD is designed to support Small and Medium Enterprises (SMEs) in high growth potential sectors, as well as bolster women's labor force participation in Sri Lanka. To do this, PSD will support SMEs to access technical assistance (TA) and financing needed to increase SME revenues, generate productive employment opportunities (including and especially for women), and ultimately contribute to economic diversification.
The Financial Facilitation Manager will be responsible for working closely with financial institutions (FIs) to initiate and sustain the business development functions while driving the tools required to achieve PSD goals. He/she will be responsible for finding innovative approaches to sustainably achieve program objectives as per USAID regulation while being an integrated member of the PSD team, supporting interventions across components.
- Observe and design the best tools to be introduced to the FIs (Financial Institutions) and Investment Advisory Services Providers (IASP), to meet the objectives of the project.
- Effectively negotiate and manage FIs and IASP to engage in the project while adhering to USAID standards and expectation through strong communication skills.
- Support co-creation processes with Fis, IASP and other program partners to effectively upgrade SME capacity, expand financing, and pilot innovative new private sector models.
- Understand the SME eco-system in Sri Lanka and closely work with SMEs in the country to maximize their impact.
- Prepare and validate documents including developing scopes of work as needed for FIs, IASP and PSD relationships.
- Develop necessary scopes of work for the team to make sure expectations are clear and agreed-upon, Engage and implement consultancy programs as fit.
- Model up scenario and sensitivity analyses on potential projects.
- Devise mechanisms to set effective targets to the FIs, IASP and Partners and drive them to achieve it in a timely manner.
- Review/follow up the progress of all activities regularly through an accepted reporting system, meetings and suggest corrective action where necessary.
- Maintain a MIS system as required by the project.
- Engage in continuously maintain a strong relationship with FIs, IASPS, SMEs and other stakeholders to obtain optimal results for the project.
- Overall responsibility of executing the program approved by the PSD with interventions at different levels to review the progress, take corrective action as required, with a close rapport with all the stakeholders, both governmental and private sector, until the success required by PSD.
- Design strategy to engage with any other type of equity investors and blended finance activity based on a successful model anywhere in the world, as decided by the PSD, with the help of Local or foreign consultants to develop a roadmap for boosting innovative types of equity investments to Sri Lankan SMES.
- Ensure proper documentation and full compliance to the rules and regulations of the clients/project. Take in charge/manage of any other activity connected with facilitating more and more access to finance for MSMES, including private and public equity.
- Perform other relevant tasks as required by the Director of Financial facilitation and PSD Team Lead.
Required Qualifications:
- 7+ years' experience in the consultancy, finance and banking sector, preferably in the MSMEs sphere Bachelor's Degree/postgraduate or equivalent qualification in relevant field will be an added advantage Sound computer literacy is a must including the use of MS Office package.
- Ability and track record in maintaining documents and records in a systemic manner.
- Strong interpersonal and organizational skills, and an effective collaborator across multifunction teams Excellent verbal and written communication skills in English and local languages.
- Excellent organizational, and time management skills.
- Problem-solving attitude with an ability to multi-task.
- Willingness to travel for assigned projects when necessary.
- Sri Lankan professionals encouraged to apply.
- Experience with supply chain financing desired.
- Previous experience in agriculture, food and beverage or ICT sectors desired.
Palladium is a child-safe organization, and screens applicants for suitability to work with children. We also provide equal employment to all participants and employees without regard to race, color, religion, gender, age, disability, sexual orientation, veteran or marital status.
Interested? Please submit your CV along with a cover letter through [email protected] with the subject "Financial Facilitation Manager".
Applications close 2 weeks from the date of publishing.
Only successful applicants will be contacted.
