About the Organization:
Grameen Foundation helps the world’s poorest, especially women, improve their lives and escape poverty by providing them with access to small loans, essential information, and viable business opportunities. It provides MFIs in poor communities with access to the capital they need to make microloans to those working to develop or expand a small business.
About the Job:
Grameen Foundation is looking for a Financial Analyst. S/he will be responsible for supporting the Microsavings Initiative and other financial services program work as needed. His/her role will be to identify, create, and support the financial modeling needs of partners while creating sustainable business models for new financial services that also meet the needs of the poor.
Tasks and Responsibilities:
- Work with field teams to evaluate, review and recommend the current financial product costing methodology and models that are in place, e.g., validate existing costing method (allocation);
- Re-configure financial models for analysis of different scenarios (e.g., marginal costing, loan and savings-linked products, variable costs);
- Responsible for presenting results to project team as well as the partner senior management team;
- Evaluate and possibility develop a customer-level profitability model;
- Analyze costs of high balance and institutional accounts;
- Review and refine savings projections model to incorporate multiple products, new assumptions, and incorporate fee income. Provide recommendation and cost-benefit analysis on creating an excel-based tool that incorporates rolling actuals with projections;
- Develop clear framework for determining savings ‘caseload’, e.g., based on parameters for projected savings break-even. Review partners ‘staff efficiency’ reports and staff targets;
- Conduct financial analysis training for savings team and senior managers at partner organization;
- Assist with determination of skill gaps in partner organizations accounting/finance staff designated to do costing and projections work and provide direct training where applicable;
- Develop a template report for partner organization to use when summarizing the costing and projections and communicating to the senior management.
Qualifications:
- Bachelor’s degree;
- More than 5 to 7 years of experience in finance, consulting, or an equivalent role.
Closing Date: 10 Jan 2013
How to Apply:
Interested candidates can send their resume and cover letter to hr@grameenfoundation.in
Please mention « Financial Analyst » in the subject line.
