Project Execution Unit Consultant

Project Execution Unit (Independant Consultant)

Salary: $20,000.00

Project Execution Unit - INDIVIDUAL CONSULTANT

Background/Project Description

• Increase Bank’s access to financing sources to improve its supply of financial services for Small and Medium Enterprises (SMEs) and large companies with potential exporters.

• Improve Bank's debt profile and sustainability. • Contribute to the strengthening of the institutional capacities of the Bank through the

adoption of best practices of environmental, social and governance (ESG) criteria to improve its profile with its stakeholders.

These objectives are further detailed into three components: -

Component 1 – Financial support to small and medium sized entities through lending. This attention to SMEs will represent a renewed focus and is in line with the GORTT commercial objectives to support economic diversification and national development in general.

Component 2 – Refinancing of the Bank's current debt which will enable the bank to improve its interest margin, competitiveness and profitability.

Component 3 – This component relates to technical support in the areas of corporate governance and environmental, social and governance (ESG) practices. A corporate governance diagnosis will be done and corporate governance consultancy is to be engaged to implement the recommendations of the consultancy. Consultancy will also be required to design and implement an Environmental and Social Risk Management System (SARAS) to help the bank assess, manage and mitigate environmental and social risks associated with its operations and lending practices.

As the funding recipient and executing agency, the program mandates the setup of a Project Execution Unit (PEU) who is responsible for the comprehensive management of the program which includes administering of finances, monitoring and execution of components detailed above and management of all stakeholder relationships. The unit also provides support to initiatives under the catalytic fund.

Scope of works

The Project Executing Unit (PEU) is the project coordinator for the program and will be directed by the mutually agreed Project Operating Manual (POM) that guides the implementation, management and administration of the project. Note that the PEU scope is not limited to the POM which is specific to the CAF funding arrangement, but also any other agreements that emerges from the Catalytic Fund. The scope of works is as follows: -

• Administration of the program, monitoring and enabling execution of all facility components detailed in the CAF Project Operations Manual.

• Working with Bank's leadership team to ensure each component is executed effectively through oversight, resource management and continuous communication.

• Perform project planning through the creation of a work plan, timelines, resource requirements and coordination among project stakeholders.

• Tracking actual financial amounts incurred and updating budgetary amounts and allocations for monitoring and reporting activities.

• Completion and submission of all reporting requirements as defined in the facility’s project Operating manual. These deliverables must meet required specifications and standards.

• Lead the relationship among CAF, the Ministry of Finance and the Bank  in ensuring that all conditions of the agreement, reporting requirements, communications among entities, engagement of consultants and any other requirements as defined by CAF and the MOF is done effectively and in a timely manner.

• Manage relationship between the Bank's  and partnering financial institutions to ensure achievement of program objectives and adherence to requirements as detailed in individual signed agreements.

• Ensuring that reporting obligations are fulfilled by partner FIs in accordance with agreements and performing required analysis and tracking of data.

• Anticipate and address challenges and resolve issues that arise during the project execution.

• Contribute to strategy by ensuring that projects and initiatives are aligned with the program’s strategic objectives and providing insight where applicable.

 

The Bank must comply with the following reporting requirements on the progress of the project based on agreed upon formats as determined by CAF. The PEU’s responsibilities on reporting include and are not limited to the outlined reports as follow :-

Annual Operating Report – A strategic document that outlines the goals, strategies and activities of the program to achieve its objectives. The roadmap will include financial targets, operational activities, initiatives, key performance indicators and action plans.

Quarterly Reports – Advances in the design and implementation of the Environmental and Social Risk Analysis System. Also to report on evidence of progress in the implementation of the New Credit Process and SME´s Base Line Financing Plan.

Semi Annual Report – A report that includes progress on loan components including the updated matrix of indicators, status of compliance with the special conditions of the respective loan contract, progress in the implementation of the environmental and social management of the loan, risks and mitigants.

Midterm Report – The report will include the status of financial progress of the loan, measurement of the progress of the Loan based on the agreed matrix of results indicators, evaluation of the progress of each component, including the amounts committed and disbursed, review of compliance with the contractual conditions of the loan, description of the relevant problems detected during the execution of the loan and the measures to resolve them, proposals for adjustments to the loan to meet its development objectives, with details at the level of each component.

Final Report - Summary of the results obtained, fulfilment of objectives and impact of the Loan based on the result indicators set out in the Initial Report, management of critical aspects identified by CAF and other relevant aspects identified by the Executing Unit and a sustainability strategy for the Project, which includes plans and/or actions to be executed, to guarantee its continuity.

 

Required Expertise and Qualifications

• A Masters degree in Finance, Economics, Business Administration or equivalent. • At least 10 years of experience at a senior level in a financial institution or agency,

preferably in a lending environment. • Experience in administering a similar development financing credit execution scheme that

is governed by an operational framework and which requires procedures in implementation, monitoring and reporting.

• Capacity to communicate fluently with different stakeholders (Financial Institutions and government authorities)

• Experience in drafting project plans and progress reports in accordance with agreed formats.

• Relevant experience in a Project Execution Unit for a Development Bank financial and technical support program will be an added advantage.

 

Proposal Requirements

Qualified consultants are to submit a proposal comprising of both technical and financial components. Proposals will be scored based on the predetermined weighted technical and financial criteria which will be: - Technical Criteria weight -75%, Financial Criteria Weight – 25%. The contract will be awarded to the consultant with the highest score.

The specific information that is to be provided in each criterial is as follows:

Technical

• Professional summary of the consultant, highlighting their specialization, areas of expertise and any major accomplishments.

• Academic qualifications, certifications, and professional development courses that demonstrate technical expertise and qualifications to perform the project as per the scope and requirements above. (Copies of certifications must be provided)

• In alignment with the scope and requirements of this project, a detailed breakdown of the consultant’s work experience, highlighting specific projects, roles and responsibilities, duration of each project/role and results achieved. This must be organized by company project. Note this this is the minimum requirement and further relevant information can be provided.

 

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