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Job Summary: For an anticipated economic development program in Eastern and Southern Caribbean.
Job Description: CDI/VOCA is seeking an Access to Finance Specialist for an anticipated economic development program in the Eastern and Southern Caribbean funded by USAID.The Access to Finance Specialist will establish working relationships with finance institutions and assess their perceptions, limitations, and concerns regarding extending access to finance to Small and Medium Enterprises (SMEs). The program is anticipated to start in 2023. This position could be based in Barbados or other countries within the geographic focus.ResponsibilitiesServe as a conduit of information on financing opportunities in support of SMEs and link participants to existing programs designed to facilitate access to finance for SMEs, particularly in the blue and green sectorDevelop financing strategies for SMEs that have well-articulated growth strategies for which they need financingFacilitate investments for SMEs, including making tailored pitches to Financial Service Providers (FSPs)Identify and establish collaboration with blue and green investment funds interested in expanding their portfolio to the geographical area of interest for this projectLead on the development, adoption, and demand stimulation for products and services that allow for quantification of climate-related risks in investment decision-makingIdentify obstacles to accessing finance that is encountered by various SMEs that are working along the targeted value chains (producers, processors, and buyers)Support FSPs in developing the proposed products commensurate with the risk/return profileIn collaboration with government entities, organize roundtable discussions on extending access to finance to SMEsCoordinate activities that provide training and direct technical assistance to producers, traders, processors, and suppliers on the development of business plans, making credit applications, and keeping appropriate business records needed to support credit applicationsWork with the MEL Specialist to identify feasible M&E indicators and target results that speak to finance accessed by participants via various mechanisms supportedParticipate in the collection of data regarding indicators focusing on access to financeCollaborate with the program team to identify activities related to improving access to finance and assist in developing Annual Work Plans
Requirements: Bachelor’s degree in finance, economics, business studies, development studies, or relevant field is required; master’s degree is desired.Minimum 5 years of relevant, progressively responsible experience.Knowledge of and experience with USAID and/or other international Donor programs’ rules and regulations.Experience in lending within blue and green economic value chains/sectors and familiarity with common financial products on the market.Experience working in Eastern and Southern Caribbean preferred.Fluency in English required.
Currency:
How to apply: Eastern and Southern Caribbean nationals are strongly encouraged to apply.Please apply online at www.acdivoca.org/international-jobs. The applications will be reviewed promptly upon receipt, only finalists will be contacted. ACDI/VOCA is an equal opportunity employer. Women, minorities and people from diverse groups are encouraged to apply.
Closing Date:
Additional information: ACDI/VOCA is a nonprofit international development organization that designs and delivers technical and management solutions in agriculture, economic growth, and resilience to promote economic prosperity and social inclusion.
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