Employment Type
Industry
Consulting
Job Location
Abuja, Abuja, Nigeria
Date posted
December 9, 2020
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Position title
Investment/Financial and Credit Risk Advisor – Solar Home Systems
Description

PROJECT BACKGROUND
Africa PPP Advisory Services alongside TetraTech International Development (formerly WYG International) is delivering the FCDO-funded United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), a £72.8m technical assistance facility which aims to improve the lives of some of Nigeria’s poorest people by improving the way infrastructure is designed and delivered in the country.

Working with the Federal Government of Nigeria, and selected state governments and the wider international community, it aims to catalyse a transformational change in livelihoods across Nigeria by unblocking obstacles to growth.

THE ASSIGNMENT

This assignment builds on existing studies on what it would take to realize the FGNs ambition to scale up the Solar Home Systems (SHS) market in Nigeria to reach the Economic Sustainability Plan target of 5 million new connections by 2023. In particular, the Task Order team will adopt a market systems approach to addressing the barriers and market failures that will support the development of a viable and sustainable market for SHS in Nigeria.

Furthermore, the assignment involves the development of sustainable financing models that can be used by the REA to support SHS suppliers/investors in accessing the proposed CBN intervention fund for working capital finance. The proposed financial models will address a key barrier for existing and potential supplier companies as established in numerous studies – working capital for manufacturing and shipping costs, by demonstrating the capacity of potential borrowers to conveniently service and repay concessionary finance accessed to fund their working capital requirements.

Specifically, the project team will:
• Review existing SHS funding challenges including the examination of current operating and financial models of existing suppliers focusing on the working capital barrier, and identify what needs to be done in order to attract and harness use of blended financing as required to ensure universal access for households, particularly in unserved and under-served communities.
• Provide the REA with the technical assistance required to provide the market development and due-diligence services required to select potential investors/suppliers to access the CBN intervention loans being made available through the commercial banks (including viable financial models that can be used for determining and evaluating SHS working capital funding and borrowing/investment requirements, as well as affordability)
• Conduct a high-level targeted analysis on key lending and investment parameters to ensure and sustain the viability of proposed financial models for SHS market players drawing on existing or ongoing studies.
• Engage with DFIs and private sector finance providers to gauge appetite for provide SHS financing based on a blended finance approach to providing sustainable finance to the sector.

Responsibilities

KEY RESPONSIBILITIES
This is a fixed term role, as part of the overall UKNIAF Infrastructure Finance Component team.
Specifically, you will:
• Develop a workplan and delivery timelines and dependencies for completion of the assignment.
• Conduct through analysis of financial statements, modules and assessment of credit requests
• Provide recommendations tied to analysis and assessment of credit risk
• Present analysis findings and recommendations to managers, especially findings that involve the borrowers ability to repay
• Keep up to date with relevant lending protocols
• Monitor and reconcile credit files on an ongoing basis
• Produce a financial module that provides a blended financial solution that
• Develop and prepare spreadsheets and models to support analysis of new and existing working capital and credit applications
• Provide the REA with the technical assistance required to provide the market development and due-diligence services required to select potential investors/suppliers to access the CBN intervention loans being made available through the commercial banks (including viable financial models that can be used for determining and evaluating SHS working capital funding and borrowing requirements, as well as affordability)
o Produce a detailed review of the requirements for accessing the CBN’s Solar intervention funds, and the REAs proposed role in providing the commercial due diligence function on behalf of the commercial banks.
o Develop a suite of tools, templates and financial models to support the effective delivery of the SHS PMU’s functions in providing a commercial due diligence function (e.g. financial models, and commercial due-diligence checklists and pro-forma templates.)
o Lead the credit screening and evaluation of funding applications
o Develop and implement systems to monitor and evaluate the credit risk of CBN intervention fund beneficiaries
o Produce close out report on establishing a market development capacity within the REA to facilitate access to working capital finance for SHS market players (to include published guidance notes on applying for working capital finance, commercial due-diligence and sample financial model templates).

KEY PERFORMANCE INDICATORS (KPI’s)
• Produce inception report with detailed understanding of scope, workplan – interdependencies, risks and timelines for completion of the assignment.
• Satisfactory and timely delivery of quality outputs.
• Produce a financial module that incorporates a blended finance approach to accessing a funding for deployment of SHS
• Produce close out report on establishing a market development capacity within the REA to facilitate access to working capital finance for SHS market players (to include published guidance notes on applying for working capital finance, commercial due-diligence and sample financial model templates).

Qualifications

PERSON SPECIFICATION

The ideal profile will include the following:
• Must be a Chartered Financial Analyst (CFA), and or a Chartered Financial Consultant, ChFC or a related qualification.
• Bachelors degree in Law, Insurance, Accounting, Banking, Finance, Economics, Statistics or related fields (Required)
• MBA or Masters degree in related field, an advantage.
• Minimum of 7-10 years relevant professional experience in banking, investment or similar credit risk analyst role.
• Sound knowledge of financial statements, ratios, concepts and evaluation of financial data such as balance sheets and income statements to determine the level of default risk, and preparation of credit risk reports for both clients and lenders.
• Demonstrable experience of reviewing and responding to credit loan applications; and the management and design of credit risk protocols and portfolios.
• Strong attention to detail and ability to notice discrepancies in data, interpersonal and organizational abilities, as well as excellent written and oral communication skills.
• Strong demonstrable proficiency with Microsoft Office (Excel, Word, Power Point). Financial modelling skills in excel is essential.
• Knowledge of FCDO rules and procedures for programme management an advantage.
• Demonstrated ability to work effectively independently and constructively with diverse, inter-cultural, and high impact teams in different locations.
• Commitment to contributing to the development of a healthy, collaborative, learning, productive and supportive working environment and to the highest levels of integrity and excellence.

SPECIAL REQUIREMENTS

The position is based in Abuja. But as a result of COVID19 restrictions, most UKNIAF roles are being delivered remotely. Some out of hours work might be required.

Contacts

Interested candidates should please send their CVs to yomi.nakpoberuo@apppadvisory.com on/before 00:00 GMT+1 December 13 2020.

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Position: Investment/Financial and Credit Risk Advisor – Solar Home Systems

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