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 counterparties Assist 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 counterparties Assist 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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