Export Credit Guarantee Facility Senior Manager at Development Bank of Rwanda (BRD): (Deadline 8 July 2024)

Export Credit Guarantee Facility Senior Manager at Development Bank of Rwanda (BRD): (Deadline 8 July 2024)

Export Credit Guarantee Facility Senior Manager at Development Bank of Rwanda (BRD): (Deadline 8 July 2024)

Vacancy Announcement

The Government of the Federal Republic of Germany supported the Government of Rwanda by providing a EUR 14.108 million grant for the establishment, capitalization, and operation of a new partial credit guarantee facility (PCG) in Rwanda. The Project will be implemented within the Development Bank of Rwanda (BRD). The project envisages both growing and exporting MSMEs and is called Export Credit Guarantee Facility (ECGF).

The purpose of the Project is to strengthen the private sector and especially MSMEs in order to accelerate economic growth and job creation. The project will furnish the Participating Financial Intermediaries (PFI) with guaranteed products, incentivizing them to provide higher financing volumes and longer tenures to MSMEs, enhancing their access to finance and other financial Services.

The Project shall establish a credit guarantee facility developed by and hosted at BRD. The mandate, vision, and mission of BRD will therefore apply to the ECGF. The rationale for this is to enable its quick operationalization in order to start meeting market needs. KfW will provide the initial seed funding of € 14.1 million, through the Government of Rwanda.

The facility will collaborate with PFIs, mainly local banks, that extend loans to SMEs. Through the guarantee facility, PFIs shall be enabled to increase their loan portfolio to growing and export-oriented SMEs, who shall invest in new economic activities, expand production capacities and through this create new job opportunities.

EXPORT CREDIT GUARANTEE FACILITY SENIOR MANAGER (1)

Background Information

Job Title:  Export Credit Guarantee Facility Senior Manager

Job Grade: 4

Department: Strategy

Reports to: Chief Executive Officer

Contract Terms: 5 years renewable

Purpose of the Job:

The Senior Manager will be responsible for coordinating and overseeing the implementation of the Export Credit Guarantee Facility (ECGF) within BRD. This role involves managing all aspects related to the ECGF program, ensuring its effective operation, and supporting exporters in accessing credit guarantees.

Key Responsibilities:

  • Develop and implement strategies for the successful execution of the ECGF project.
  • Build up and manage the new team internally set up by BRD which will be responsible for the implementation of the ECGF; this includes a lead role in the internal recruitment and coaching of other ECGF staff.
  • Collaborate with internal teams to integrate ECGF processes into existing operations.
  • Collaborate with the team of the external Implementation Consultant (IC) which will support the build-up and operation of the ECGF (including the drafting and continual review of the ECGF Operations Manual).
  • Lead the acquisition of PFIs and the negotiation of framework agreements with interested PFIs which meet the ECGF’s criteria.
  • Evaluate applications for credit guarantees and make informed decisions on their approval (in accordance with the decision-making rights defined in the ECGF Operations Manual).
  • Monitor and assess the performance of the ECGF identifying areas for improvement.
  • Maintain relationships with stakeholders, including government agencies, the National Bank of Rwanda (with respect to the regulatory treatment of the guarantees issued by the ECGF) and participating financial institutions.

Performance Indicators

Performance as a Senior Manager coordinating the ECGF implementation will be assessed based on key performance indicators related to program effectiveness, stakeholder satisfaction, risk management, and financial outcomes.

Professional, academic qualifications and experience

  • A bachelor’s or master’s degree in finance, economics, business administration, or a related field.
  • Extensive experience in banking, finance, or trade finance, with a focus on credit guarantee programs.
  • In-depth and up-to-date knowledge of the Rwandan banking and (M)SME finance sector including Rwandan banking regulations.
  • Strong knowledge of export financing mechanisms and international trade practices is desirable.
  • Excellent analytical skills and the ability to make sound judgments on credit applications.
  • Effective communication skills to engage with diverse stakeholders.

Application Guidelines:

Interested candidate should apply online (https://www.brd.rw/careers/and upload application documents including Curriculum Vitae, copies of degree certificates and professional certificates, motivation letter, names of three previous supervisors (as one document) as well as their emails and telephonePlease be informed that you will receive a notification pop up message after successfully uploading your application.

Only online applications shall be considered.

Email only for inquiries (not application): [email protected]

Address all applications to the Head, Human Capital, and Corporate Services of the Development Bank of Rwanda.

Deadline for application: 8th July 2024

The employment package is highly competitive/attractive.

Due to expected high volume of applications, ONLY shortlisted applicants will be contacted.

Done in Kigali, Monday 24th June 2024

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