Re-Advert: Financial Inclusion Specialist
Job Description
Job description
Re-advertisement for the Financial Inclusion Specialist
Job Title: Financial Inclusion Specialist
Location: Somalia
Project: Adaptive Agriculture and Rangeland Rehabilitation (A2R2) Project
Reports to: Project Manager
Employment Type: Full-time
Duration of employment: Up to One year; following successful completion of six-month probationary period.
About the Project:
The Adaptive Agriculture and Rangeland Rehabilitation (A2R2) Project aims to enhance agricultural productivity and rehabilitate rangelands in Somalia. The project focuses on climate-adaptive agricultural practices and sustainable land management to improve the livelihoods of local communities and ensure food security.
Job Summary:
The Financial Inclusion Specialist will work within Project Implementation Unit to provide strategic guidance and expertise in the field of financial inclusion and Community resilience, with a specific focus on the development of the Community Resilience Plans, Strengthening of the Community Resilience Groups and ensuring efficient and effective investment of the Community Resilience fund.
Key Responsibilities:
1. Financial Services Development:
o Identify and develop financial products and services tailored to the needs of smallholder farmers and pastoralists.
o Collaborate with microfinance institutions, banks, and other financial service providers to design and implement inclusive financial solutions.
2. Develop comprehensive Community Resilience Plans:
o Collaborate with stakeholders to create resilience plans that identify vulnerabilities, risks, and appropriate strategies for enhancing community resilience in targeted project areas.
o Facilitate workshops and engage with community members to gather insights and inputs for the development of resilience plans.
3. Establish and support management of Community Resilience Funds:
o Identify and engage community leaders and members to form Community Resilience Groups focused on building community resilience.
o Work with relevant stakeholders to set up and manage a Community Resilience Fund, ensuring it aligns with project objectives and priorities.
o Develop guidelines and procedures for accessing and utilizing the fund, in coordination with stakeholders and community representatives.
o Facilitate the process of development of Investment proposals Initiate procurement Processes for priority investments as proposed in the Community Resilience Plans.
4. Monitoring and Evaluation:
o Develop and implement monitoring and evaluation frameworks including indicators to assess the impact of financial inclusion initiatives on project outcomes.
o Prepare regular reports on the progress and challenges of financial inclusion activities.
5. Risk Management:
o Identify and assess potential risks associated with community-level financial transactions and develop mitigation strategies.
o Develop risk register and track risk issues and mitigations.
o Ensure compliance with project and donor financial regulations and policies.
Skills and qualifications
● Bachelor’s degree in Agricultural Economics, Economics, Business Administration, Finance or a related field. A Master’s degree is preferred.
● At least 10 years of experience in financial inclusion, microfinance, or related fields, preferably within the agricultural sector.
● Proven track record in developing and implementing financial products and services for rural communities.
● Strong understanding of the challenges and opportunities in the Somali financial sector.
● Experience in capacity building and training, with excellent facilitation skills.
● Ability to work collaboratively with diverse stakeholders, including financial institutions, government agencies, and community organizations.
● Strong analytical and problem-solving skills, with the ability to design and implement effective financial strategies.
● Excellent communication and interpersonal skills, with proficiency in English. Knowledge of Somali is an asset.
● Willingness to travel to project sites and work in challenging environments.
● Ability to work independently and as part of a team
Key Competencies:
● Financial Analysis
● Project Management
● Stakeholder Engagement
● Capacity Building
● Risk Management
● Monitoring and Evaluation
Equal Opportunity:
Sadar Institute under the A2R2 Project is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
How to apply
Interested candidates should submit an up-to-date CV and Cover Letter including the names and contact information of three references to hr@sadarinstitute.so by 11th January 2025.
Please title your email: “Financial Inclusion Specialist, A2R2 Project.”
In the interest of making most cost-effective use of funds and resources, we are only able to respond to applicants who are short-listed for interview. Incomplete, untimely applications, as well as applications from persons who do not meet the requirements of this advertisement, will not be considered.
SADAR is committed to diversity and inclusion within its workforce and encourages qualified female and male candidates from all backgrounds, including persons living with disabilities, to apply to become a part of our organization.
