Financial Research Analyst
PNPM Mandiri Revolving Loan Funds Capacity Building and Sustainability
Pilot Project
Project
Background and Objectives
PNPM Mandiri Perdesaan (Rural)
and Perkotaan (Urban) are long running Government community-empowerment
programmes, part-financed by the World Bank. They have a Revolving Loan Fund (RLF) component with a combined $750m+
in assets, making them the largest community-driven microfinance operations in
the world. The “PNPM Mandiri RLF
Capacity Building and Sustainability Pilot Project” (The Pilot Project) runs
from 2010-2014 and aims to “achieve poverty reduction through ensuring sustainable
access to financial services”. It will
achieve this through capacity-building RLFs (inc. operations, MIS, legal
status), and strengthening linkages with the commercial financial sector. The Pilot Project primarily looks at Sumatera
Barat, Java Tengah, DI Yogyakarta and NTT.
As part of this work, The Pilot
Project is collecting, monitoring and analyzing large amounts of data, mostly
financial, from existing and new channels. This data will be used to guide assessments, policy setting and
monitoring of the RLFs, with respect to their ability to provide the poor with
sustainable access to credit. A basic
example of the existing data sets and analysis can be seen on the PNPM
Perkotaan website: www.p2kp.org/laporandetil.asp?mid=96&catid=22&menuid=4.
SCOPE OF WORK
The Financial and Private Sector
Development Department of the World Bank is hiring a Financial Research Analyst
(the Analyst) to conduct research on PNPM RLF financial data. This research is expected to drive policy and
as such, this is NOT an operational finance/accounting role.
The main tasks of the Analyst will
be:
- Provide
evidence-backed policy advice on how to improve the sustainability of RLFs
- Ensure
The Pilot Project has a complete set of the latest available monthly RLF
performance related data for both PNPM Rural and Urban through coordination
with relevant parties
- Organize
and ‘clean’ the RLF financial data for ease of further analysis. The data often comes in different formats and
has discrepancies
- Provide
detailed financial analytical reports on quarterly basis of the four pilot
provinces
- Perform
ad-hoc analysis and answer specific financial data questions from the Pilot
Project Team or counterparties, e.g. is RLF liquidity seasonal?
- Assist
in the testing, calibrating and dissemination of the RLF performance monitoring
indicators (‘financial ratings’), and provide monthly monitoring of RLF
performance
- Assist in communicating the
implications of findings and building financial analysis capacity at all
levels, starting from within The Pilot Project Team and other counterpartiesAssist
in general tasks as a member of The Pilot Project Team, e.g. make slides,
review documents
SELECTION CRITERIA
The analyst should
have the following qualifications:
-A minimum bachelor’s degree, and preferably a
graduate degree in a subject that requires heavy financial data analysis (e.g. finance,
economics, accounting, statistics).
-2-6 years’ work and or graduate research
experience including financial data analysis.
- Work experience in
accounting or finance, preferably with exposure to lending operations and the
use of large “unclean” data-sets.
-Solid accounting skills (i.e. know the
relationship between line-items in a Balance Sheet and Income Statement) and a
familiarity with (micro) financial terms in Bahasa and preferably in English
also.
-Advanced excel skills (extensive use of
keyboard-shortcuts, and knowledge of advanced formulas).
-Good written and verbal English communication
skills in order to present findings.
-Knowledge of microfinance and or the PNPM RLF program
would be a major bonus.
-Familiarity with data management and analysis
software such as MS Access and STATA would be a bonus.
In addition, the
analyst should be comfortable with:
a) Reading financial
statements, including a good understanding of NPL treatment
b) Quickly cleaning
1000s of lines of data that are error-prone and in user-unfriendly formats
c) Writing up and
presenting findings to team-members in English
Short-listed candidates will be
tested on micro-finance accounting; excel data processing; and basic
statistics.
The initial assignment
will be for a maximum of 150 working days per financial year (as a Short Term Consultant), and the expected start date is late February,
2013. The Data Analyst will report to the
Task Team Leader of the PNPM RLF Pilot Project, and work closely with a Financial
Sector Analyst. (S)he will also report to
the Lead Financial Economist.
To apply, please submit a CV (no more than 2-sides
long) and cover letter by email to jobsindonesia@worldbank.orgwith the subject “PNPM RLF Financial Research
Analyst Application” no later thanJanuary 6th 2013.
PNPM Mandiri Revolving Loan Funds Capacity Building and Sustainability
Pilot Project
Project
Background and Objectives
PNPM Mandiri Perdesaan (Rural)
and Perkotaan (Urban) are long running Government community-empowerment
programmes, part-financed by the World Bank. They have a Revolving Loan Fund (RLF) component with a combined $750m+
in assets, making them the largest community-driven microfinance operations in
the world. The “PNPM Mandiri RLF
Capacity Building and Sustainability Pilot Project” (The Pilot Project) runs
from 2010-2014 and aims to “achieve poverty reduction through ensuring sustainable
access to financial services”. It will
achieve this through capacity-building RLFs (inc. operations, MIS, legal
status), and strengthening linkages with the commercial financial sector. The Pilot Project primarily looks at Sumatera
Barat, Java Tengah, DI Yogyakarta and NTT.
As part of this work, The Pilot
Project is collecting, monitoring and analyzing large amounts of data, mostly
financial, from existing and new channels. This data will be used to guide assessments, policy setting and
monitoring of the RLFs, with respect to their ability to provide the poor with
sustainable access to credit. A basic
example of the existing data sets and analysis can be seen on the PNPM
Perkotaan website: www.p2kp.org/laporandetil.asp?mid=96&catid=22&menuid=4.
SCOPE OF WORK
The Financial and Private Sector
Development Department of the World Bank is hiring a Financial Research Analyst
(the Analyst) to conduct research on PNPM RLF financial data. This research is expected to drive policy and
as such, this is NOT an operational finance/accounting role.
The main tasks of the Analyst will
be:
- Provide
evidence-backed policy advice on how to improve the sustainability of RLFs
- Ensure
The Pilot Project has a complete set of the latest available monthly RLF
performance related data for both PNPM Rural and Urban through coordination
with relevant parties
- Organize
and ‘clean’ the RLF financial data for ease of further analysis. The data often comes in different formats and
has discrepancies
- Provide
detailed financial analytical reports on quarterly basis of the four pilot
provinces
- Perform
ad-hoc analysis and answer specific financial data questions from the Pilot
Project Team or counterparties, e.g. is RLF liquidity seasonal?
- Assist
in the testing, calibrating and dissemination of the RLF performance monitoring
indicators (‘financial ratings’), and provide monthly monitoring of RLF
performance
- Assist in communicating the
implications of findings and building financial analysis capacity at all
levels, starting from within The Pilot Project Team and other counterpartiesAssist
in general tasks as a member of The Pilot Project Team, e.g. make slides,
review documents
SELECTION CRITERIA
The analyst should
have the following qualifications:
-A minimum bachelor’s degree, and preferably a
graduate degree in a subject that requires heavy financial data analysis (e.g. finance,
economics, accounting, statistics).
-2-6 years’ work and or graduate research
experience including financial data analysis.
- Work experience in
accounting or finance, preferably with exposure to lending operations and the
use of large “unclean” data-sets.
-Solid accounting skills (i.e. know the
relationship between line-items in a Balance Sheet and Income Statement) and a
familiarity with (micro) financial terms in Bahasa and preferably in English
also.
-Advanced excel skills (extensive use of
keyboard-shortcuts, and knowledge of advanced formulas).
-Good written and verbal English communication
skills in order to present findings.
-Knowledge of microfinance and or the PNPM RLF program
would be a major bonus.
-Familiarity with data management and analysis
software such as MS Access and STATA would be a bonus.
In addition, the
analyst should be comfortable with:
a) Reading financial
statements, including a good understanding of NPL treatment
b) Quickly cleaning
1000s of lines of data that are error-prone and in user-unfriendly formats
c) Writing up and
presenting findings to team-members in English
Short-listed candidates will be
tested on micro-finance accounting; excel data processing; and basic
statistics.
The initial assignment
will be for a maximum of 150 working days per financial year (as a Short Term Consultant), and the expected start date is late February,
2013. The Data Analyst will report to the
Task Team Leader of the PNPM RLF Pilot Project, and work closely with a Financial
Sector Analyst. (S)he will also report to
the Lead Financial Economist.
To apply, please submit a CV (no more than 2-sides
long) and cover letter by email to jobsindonesia@worldbank.orgwith the subject “PNPM RLF Financial Research
Analyst Application” no later thanJanuary 6th 2013.
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