Summary
Date Posted: Monday, June 01, 2020 , Base Salary: Not Disclosed

JOB DETAILS:
Background
UNCDF is the UN’s capital investment agency for the world’s least developed countries. It creates new opportunities for poor people and their communities by increasing access to microfinance and investment capital. UNCDF focuses on Africa and the poorest countries of Asia and the Pacific, with a special commitment to countries emerging from conflict or crisis. It provides seed capital – grants and loans – and technical support to help microfinance institutions reach more poor households and small businesses, and local governments finance the capital investments – water systems, feeder roads, schools, irrigation schemes – that will improve poor peoples’ lives.
In 2019 UNCDF formulated its strategy ‘Leaving no one behind in the digital era’. The strategy is based on 10+ years of experience in digital finance in Africa, Asia and the Pacific. UNCDF recognizes that reaching the full potential of digital financial inclusion in support of the Sustainable Development Goals aligns with the vision of promoting inclusive digital economies. UNCDF aims to empower people through improved access and use of services that leverage innovation and technology and contribute to the Sustainable Development Goals.
In partnership with BongoHive, UNCDF in Zambia, is implementing a FINTECH4U programme with a focus on unlocking and demonstrating the potential of DFS to improve the lives of the unbanked, focusing on Fintech’s and the SME’s. UNCDF will support Bongo Hive to create a financing facility to match existing and potential domestic and international sources of financing (including but not limited to debt, grants, blended finance and guarantees) to the needs of the FinTech’s/SME’s.
The FINTECH4U programme is aimed at supporting 10 FinTech/SME’s to navigate the regulatory, licencing and compliance requirements with relevant regulators such as, Bank of Zambia (BOZ), Zambia Information and Communication Technology Authority (ZICTA), Securities Exchange Commission (SEC) in Lusaka, Zambia.
The programme intends to develop an innovation play book through an iterative process with the various stakeholders covering regulation, financing, product development and partnership that can simplify start -up /FinTech journeys from start to scale.
UNCDF seeks a consultant to conduct its, to conduct an analysis and outline of Bongo Hive’s existing financial facilities financial partners (existing or potential), and produce a scoping report of potential financial partners, both regionally and internationally. The analysis will contribute to the development of a Roadmap and various playbooks designed to support FinTechs’ journeys in Zambia. .

Duties and Responsibilities
To achieve the set-out objectives, the UNCDF seeks the services of an Individual Consultant.
Scope of Work
1. Conduct an analysis and outline of Bongo Hive’s existing financial facilities mapping out potential partners
2. Conduct a workshop with BongoHive Directors, and project managers from UNCDF and BongoHive. to review current BongoHive technical assistance content, strategy and considerations based on findings of the scoping analysis of potential partners.
3. Develop a draft Partnership Strategy for Donors, Public and Private Sector organizations interested in partnering with BongoHive
4. Outlining a road map for Bongo Hive’s financing facility which will be set up to analyse potential financial partners, regionally and internationally.
5. Support the development of a ‘Technical Assistance to FinTechs’ and ‘Financing for FinTechs in Zambia’ regulatory navigation playbook to guide emerging FinTech companies from setup to scale.
Institutional Arrangements
The consultant will report to the Project Manager – UNCDF, who will approve the deliverables. The Consultant will provide weekly progress updates to the Project Manager – UNCDF and submit monthly progress reports. The monthly progress reports will be presented in the project management meetings, attended by the Regional Technical Expert, BongoHive Directors, and project managers from UNCDF and BongoHive.
The consultant is expected to liaise with the Digital Country Lead at the UNCDF, and Executive Director at BongoHive.

Competencies
• Excellent organizational and analytical skills
• Ability to act independently and exercise sound judgment
• Methodical and strategic thinking.
• Strong communication skills, written and verbal.
• Project management skills.
• Excellent organizational skills.
• Computer literacy.

Required Skills and Experience
Education:
• A Minimum BSc Degree in Accounting, Finance, Business Administration, Economics or the equivalent experience is mandatory.
Experience:
• At least 8 years of professional experience in finance, accounting or related fields is mandatory.
• At least 3 years of experience working in financial sector managing investment matters, including buying and selling investments trusts, shares or bonds, managing equity funds, currency or property on behalf of clients.
• Knowledge of up to date information about the economy, current financial news and financial markets is mandatory.
• Knowledge of donor agencies and grant management is preferable.

Job Education Requirements: Not Specified

Job Experience Requirements: A Minimum BSc Degree in Accounting

Work Hours: 8

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Job application procedure
To apply for this job please visit https://jobs.undp.org/cj_view_job.cfm?cur_job_id=91950  

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