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Hired Caribbean

Financing Specialist - Consultant

Hired Caribbean

  • Castries
  • Not disclosed
  • Contract
  • Updated 09/11/2023
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Call for Expression of Interest Financing Specialist The Youth Economy Agency (YEA) is seeking a Consultant to strengthen the Agency's capacity to evaluate and conduct risk assessments of financing applications in order to maximise entrepreneur's success and minimise delinquencies and non-performing

Overview

Call for Expression of Interest

Financing Specialist

The Youth Economy Agency (YEA) is seeking a Consultant to strengthen the Agency's capacity to evaluate and conduct risk assessments of financing applications in order to maximise entrepreneur's success and minimise delinquencies and non-performing loans. In addition, the Financing Specialist will provide capacity building by assessing the Agency's capacity to evaluate financing applications and providing a tailored training programme.

Deadline for submission of Letters of Expression of Interest is November 9th, 2023.

OUTCOME

Specifically, the Financing Specialist's duties will include:

  • Review all relevant local financing/lending regulatory requirements;
  • Consult with local financing institutions and other government agencies to identify the major challenges, risks and lessons learned related to financing of youth entrepreneurs;
  • Review YEA's Act, its application forms and related internal documents to familiarise with the programme's objectives and criteria. In collaboration with YEA's CEO, develop operational guidelines to implement the requirements of the Act and outline the criteria for access to the programme;
  • Provide hands-on support and technical inputs to YEA staff for due diligence reviews and risk assessment of financing applications including the tenor of loan applications and security arrangements, as applicable;
  • Assess the current capability of YEA staff to undertake due diligence reviews of financing applications. Develop and deliver a training programme to enhance the capacity of YEA staff to conduct due diligence reviews of financing applications, aligned with accepted industry standards; and
  • Provide YEA's CEO and CDB's Project Supervisor with monthly reports on the progress of the financing programme, including but not limited to the number of applications received/approved, profile of approved applications (including industry sector, age of applicant, type and amount of financing), any challenges encountered and recommendations for improvement and confirm compliance of approvals with the YEA's Act, any local regulations and accepted industry standards.

    • QUALIFICATION & EXPERIENCE
    • A Bachelor's Degree or equivalent in Finance, Accounting, Banking, Business or a related field;
    • At least ten (10) years' experience in financial services (credit/banking) sector;
    • At least five (5) years' experience conducing loan evaluation and risk assessment; and
    • A professional certification in a relevant area (e.g. CPA, ACCA, PMP) would be an asset.

    The Terms of Reference for this Consultancy can be requested from the Chief Operations Officer at email address

    Suitably qualified candidates should e-mail their Expression of Interest to

    APPLY NOW!

    Ref: 25532
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    Hired Caribbean

    Hired Caribbean