Fund Manager Position
(Based
in Nairobi with 40% Travel to project sites)
Program / Department Summary:
Yes
Youth Can a USAID funded program that focuses on building youth-owned,
youth-led and youth-managed institutional arrangements and capabilities at both
national and county levels.
The
Yes Youth Can Program has four objectives:
(1)
increase economic prospects for youth through skills development and access to
finance to create: economically viable microenterprises; self-reliant community
level economic development projects, and; employment opportunities
(2)
improve youth voice in local, regional, and national policy dialogue through
enhanced advocacy capabilities and inter-ethnic dialogue
(3)
expand youth access to essential services that are more youth-friendly,
and
(4)
establish new institutional arrangements that can leverage public and private
resources through youth-managed organizations.
General Position Summary:
The
Fund Manager for YYCN will work under the direction of the Chief of Party (CoP)
and provide oversight to all activities concerning the provision of financial
services.
The
Fund Manager will directly support the creation of a youth-owned, youth-led and
youth-managed fund that can support local solutions for community economic
development while it grows in value and will promote economically viable youth
enterprises with new finance products and methodologies, to facilitate livelihood
development and employment.
Ensure
compliance with all donor regulations as well as Mercy Corps policies and
procedures.
Essential Job Functions:
Advise
on all Tahidi Youth Fund (TYF) activities including:
- Providing
comprehensive work with youth structures to inform investment delivery
channels to youth associations to access the Fund
- Developing
and conducting a due diligence process that will qualify potential
financial intermediaries to engage with the youth using TYF funds
- Leading
the development of the fund operations manual
- Establishing
and managing disbursements from the Fund
- providing
oversight with monitoring and auditing of financial intermediaries
- applying
a robust business model to expand the Fund’s resource base by fundraising
and identifying and applying an institutional framework for a youth-owned,
youth-led and youth-managed institution with a viable business plan
Ensure
that the “New Enterprise” outcomes of the project are met, including: youth
enterprises are able to access credit and savings products tailored to their
needs, youth have access to livelihoods development and employment
opportunities, and the Fund has brokered long-term deals with financial
institutions to expand access for youth enterprises.
Advise
on Global Development Alliances (G DA) and Public-Private partnerships
including GDA and partnership formation and achievement of concrete results.
Work
with the Chief of Party and Program Managers to develop future TYF strategy for
the program and ensure that it continues to meet USAID requirements and
standards.
Ensure
that project performance is evaluated effectively, including coordinating
internal and external performance review;
Management
and mentorship of program staff and partners, gradually transferring skills and
capacities;
Representation,
coordination and relationship management with donor(s), local governance
institutions, local partners, private sector, finance partners and other
project stakeholders; Regular reporting to the Chief of Party and donor on
program progress, ensuring that required deliverables are met in a timely
fashion;
Engage
and develop joint initiatives with government, community leaders, NGOs, private
sector and other stakeholders, providing heightened exposure and maximizing
impact of the project;
Work
with project staff on an ongoing basis to ensure smooth planning, preparation,
implementation and joint monitoring and evaluation of program activities and
achievements towards project goals.
Supervisory Responsibility: Grant Manager and Regional Managers (5)
Reports
Directly to:
Chief of Party
Knowledge and Experience:
- MA/S
or equivalent in finance, business, or related field;
- 7
to 9 years of high-level management experience in finance, as well as a
strong affinity with institution-building required;
- Successful
record of accomplishments in working with key representatives from the
financial sector in fund management processes, dialogue mechanisms and
leading due diligence processes; preferably in relation to youth access to
financial services such as youth enterprises seeking finance, and
financial institutions interested in improving their outreach to youth;
- Experience
in identifying and coordinating private sector business persons to provide
mentorship to youth and youth enterprises;
- Experience
with a range of financial products, such as mobile phone banking, mobile
phone savings, and loans through commercial banks, micro-finance
institutions, and credit unions ¡n rural and pen-urban locations;
- Experience
with managing/advising an investment fund that provides loans through
financial intermediaries, preferably to youth groups and youth
organizations;
- Technical
expertise in financial services development for youth enterprises and their
development;
- Ability
to work independently with an affinity for decentralized administration
and planning processes;
- Strong
written and oral communication skills in English and Kiswahili;
- Proven
project leadership, management, project planning, organizational,
interpersonal, and communication skills;
- History
of working effectively and respectfully with government, contractors and
other partners including donors especially with strong understanding of
USAID compliance issues;
Interested
candidates who meet the above required qualifications and experience should
submit on or before August 3,2012 a cover letter, detailed Curriculum Vitae
(CV) listing three professional references (including a recent supervisor) to
hrkenya@ke.mercycorps.org
Applicants
must clearly indicate on the email subject;
“Application
for the position of “Fund Manager”
Applications
without this subject heading will be disqualified.
Please
do not attach any certificates.
Only
qualified
short-listed candidates will be contacted
9:24 PM
maboko
