Independent Financial Specialist

Master's Degree   Kabul, Afghanistan Part Time 737
Date Posted:Mar 15, 2020
Reference:MAIL/HVCDSP/0115
Closing Date:Mar 28, 2020
Work Type:Part Time
Number of Vacancies:1
Gender:Any
Functional Area:Economic Growth
Nationality:Afghan
Salary Range:100 USD daily
Years of Experience:6 Years
Contract Duration:Open Ended
Extension Possibility:Yes
Contract Type:Special Service Contract
Probation Period:Unspecified
Required Languages:Dari,Pashto,English

About MAIL/HVCDSP:

Founded:  

The Ministry of Agriculture, Irrigation and Livestock is a key ministry of the Islamic Republic of Afghanistan that aims to develop the agriculture, irrigation and livestock of the rural and urban communities. The Ministry is expected to lay the foundations for a long-term strengthening of local agriculture, to promote governance, to rebuild social capital and leadership within villages and neighborhoods, and to provide assistance for rehabilitation and development of communities. Ministry of Agriculture, Irrigation and Livestock (MAIL) and Asian Development Bank (ADB) established Central Program Management Office (CPMO) which is a permanent office to provide operational (administration, finance, procurement, reporting, technical and, monitoring and evaluation) support to all existing and forthcoming projects of ADB within the MAIL. The Project Management Unit (PMU), under the CPMO is responsible for day to day implementation of the Project including (i) overall management and coordination of the relevant outputs; (ii) guiding and overseeing the work of the regional Provincial Implementation Units (PIUs); (iii) establishment and implementation of the project performance management system. The proposed project help strengthen Afghanistan’s horticulture value chain by (i) improving processing efficiency and marketing capacity of domestic agro-business enterprises (ABEs); (ii) modernizing crop production through better planting material, trellising, modern green houses, and on-farm facilities; and (iii) contributing to the national effort in establishing internationally recognized brands of Afghan horticulture produce. It will increase value addition for horticultural commodities produced in eleven (11) provinces in Central, South, and East Afghanistan. As such, the project contribute to increasing import substitution of fresh and processed fruit and vegetables, and expanding exports of high-value fruit, vegetables, and nuts in which the country has a comparative advantage. The project is aligned with the following impact: improved agricultural productivity and food security. The project will have the following outcome: production and value addition of horticulture products increased. The two outputs are (i) horticulture value-chain infrastructure and facilities improved; and (ii) national capacity for horticulture export expansion and import substitution developed.

Job Summary:

The overall objective of this scope of work is to hire an Independent Financial Specialist from outside MAIL to screen, evaluate and recommend to the Project Management Unit (PMU) and MAIL Leadership the approval of proponents’ sub project investment reports (SIRs). A sub project evaluation committee (SEC) comprising independent membership from different sectors will be set-up to assess the merits of sub projects based on the guidelines for evaluation of sub project investment proposals (SIPs) and make recommendations regarding the candid projects. 

The project team (PMU staff) will prepare a SIR in accordance with an established format that will be the basis for consideration by the project evaluation committee. These will include detailed engineering designs required for construction works. Sub project investors (ABEs) will be responsible for recruiting consultants to prepare detailed engineering designs for their qualifying sub projects. Figure 1 shows the procedures for appraisal and approval of ABE sub projects.

in general a full review of each sub project invest and report focusing on the financial assessment and sustainability of sub project is expected from the specialist.

7. REPORTING:

The Specialist will report to the PMU Manager for his/her efforts, accomplishments and any other matter relevant to HVCDSP. 

Skills Required:

Financial Analysis

Requires travel to provinces:

No

Skills Description:

The PMU will hold maximum three SECs annually in which all the developed SIRs will be reviewed by SEC members (i.e. PMU technical specialist, representative of MAIL leadership, the independent financial specialist, ADB and PMU representatives as observers).

Depending on the number of SIRs and level of new ABE level investments, the SEC members will be notified well in advance of convening SECs in order for them to allow enough time for the review of SIRs and provide their final inputs, recommendations and clarification questions, if there were any. 

Duties & Responsibilities:

The position is required to; ensure that financial assessments of investment are completed in both financial and economic terms and that (through cash flow analysis), the subproject investor has access to adequate resources to finance the purchase of incremental raw material through the facility;

The specialist must have at least master’s degree in economics, business administration, finance or a relevant educational background – with six year experience in Afghanistan finance and private sector/businesses finance administration.


10. CONFIDENTIALITY NOTICE:

The specialist is required to consider all HVCDSP and any ABE documents strictly confidential who have been submitted to any SEC members by HVCDSP and/or an ABE requesting for the project grant. SIRs including all other related attachments are confidential and contains proprietary information and intellectual property of an agribusiness enterprise. Neither this document nor any of the information contained herein may be reproduced or disclosed under any circumstances without the express written permission of particular ABE. Please be aware that disclosure, copying, distribution or use of this document and the information contained therein is strictly prohibited.

4. EXPECTED DELIVERABLES: 

The Independent Financial Specialist will be responsible for full review of the draft SIRs whereas with the specific focus on financial and economic viability and sustainability of an ABE and their new investment. 

5. TIMELINE:

The PMU will hold maximum three SECs annually in which all the developed SIRs will be reviewed by SEC members (i.e. PMU technical specialist, representative of MAIL leadership, the independent financial specialist, ADB and PMU representatives as observers).

Depending on the number of SIRs and level of new ABE level investments, the SEC members will be notified well in advance of convening SECs in order for them to allow enough time for the review of SIRs and provide their final inputs, recommendations and clarification questions, if there were any. 

1.    SUB-PROJECT ANALYSIS REVIEW:

For every sub-project, the calculated financial internal rates, economic internal rates of return with their sensitivity test should be above the opportunity cost of capital which is 9%. The sensitivity analysis shall indicate that every sub-project cash flows are robust with respect to potentially adverse movements in revenue and cost streams. If benefit to cost ratio is above 1 and NPV is positive, consider the sub-project to be approved in the result.

The review is done for all the analysis either with project (new proposed business) or without project (current business).

Job Location:

Afghanistan, Kabul

Qualifications:

The specialist must have at least master’s degree in economics, business administration, finance or a relevant educational background – with six year experience in Afghanistan finance and private sector/businesses finance administration.

Job Keywords:

Finance Specialist
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