Financial Analyst – Microsavings Initiative
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 – Microsavings Initiative. S/he will be responsible for supporting the microsavings initiative and other financial services program work as needed.
Tasks and Responsibilities:
- Work with field teams to evaluate the current financial product costing methodology and models that are in place and make recommendations for improvement;
- Reconfigure financial models for analysis of different assumptions and scenarios (e.g., marginal costing, stand-alone vs savings-linked products);
- Responsible for presenting results to project team as well as the partner senior management team;
- Evaluate and possibly 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 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;
- Integrate this work with existing performance analysis and balanced score card implementation.
Qualifications:
- Should have a Bachelors degree;
- More than 5 to 7 years experience in finance, consulting, or an equivalent role;
- Strong financial analysis skills, forecasting, corporate finance, financial diagnosis, analyzing information, financial planning and strategy;
- Strong written and oral communication skills;
- Deep knowledge of Microsoft office products (excel, powerpoint, word, etc.);
- Strong individual contributor with limited supervision.
Closing Date: 31 Dec 2012
How to Apply:
Apply Online
