|Youth Empowerment Fund and Entrepreneurship Development Director|
|Reports to:||Chief of Party|
|Direct reports:||Youth Empowerment Fund Financial Advisor, Youth Empowerment Fund Grants Manager and Entrepreneurship Technical Advisor|
|Duty Station||Addis Ababa, Country Office|
|Length of Employment||One year with Possible extension|
Amref Health Africa is seeking a Youth Empowerment Fund and Entrepreneurship Development Director to provide technical leadership and support for the USAID Integrated Youth Activity (IYA) that aims to empower youth to advance their own economic, civic and social development across 18 secondary urban cities of Ethiopia. The Director will lead the strategic design and implementation of the Youth Empowerment Fund (YEF) with its grant making and Youth Savings and Credit Cooperative (SACCO) components and oversee capacity building activities for youth to develop entrepreneurship capabilities. The director will be responsible for forming strong linkages between youth entrepreneurship capacity building and provide youth competitive loans to grow or start up their business. Through the grant making component of the YEF, this position will ensure youth groups, youth coalitions and youth serving organizations have access to grants for youth led community engagement initiatives. S/he will be responsible for oversight of the start-up, management, growth and sustainability of the YEF, as well as the establishment of appropriate standard operating procedures and guidelines ensuring proper control mechanisms are in place to enhance loan repayment rates. The director and her/his team will be responsible for developing innovative strategies to attract youth and instate financial packages and products that will serve their unique needs. This position will oversee the portfolio growth, particularly tapping into other donors and private sector funds that target youth economic growth.
Youth Empowerment Fund Development, Management, Implementation and Monitoring
§ Oversee the design, implementation and review of the YEF business model and implementation strategy, policies and procedures, standards and guidelines in partnership with youth and other key stakeholders tailored to city specific needs
§ Establish close monitoring and control mechanisms of the YEF engaging youth and key stakeholders
§ Oversee the day to day management and administration of all the activities of the fund ensuring regular fund performance reporting requirements and communications are met
§ Ensure a healthy YEF portfolio putting in place strategies for its continuous growth and sustainability; Monitor trends in the credit market and exploring business expansion opportunities
§ Lead and provide oversight in the design of the Youth SACCO business model, its establishment and management, including the develop financial products such as loans tailored to youth’s needs
§ Design structure and content of YEF grant programs that addresses youth community engagement, youth entrepreneurship and capacity building of youth serving organizations; Oversee that grant programs operate efficiently, streamline grant administration, and keep in line with the funding level, ensuring the alignment to Grants Management best practices
Entrepreneurship Development & Linkages
§ Oversee and support the development and support package for youth financial management and basic entrepreneurship training; design implementation models to increase access to youth, including inclusion
§ Develop appropriate guidelines, SOPs, controls and linkages for trained youth to access competitive loans through the Youth SACCO
§ Develop appropriate guidelines, SOPs, controls and linkages for youth groups, youth coalitions and youth serving organizations to access small grants through the YEF
§ Oversee technical support to youth-oriented micro, small and medium enterprises through business mentorship and consultancy; oversee financial and business management training as needed to the youth
Growth, communication and coordination
§ Put in place regular internal and external communication mechanism to raise awareness of YEF’s performance
§ Spearhead identification and assessment of potential business opportunities for growth of YEF
§ Establish working relationships and partnerships with government partners, donors, private actors and other stakeholders for the YEF growth to seek additional investments for the YEF
§ Lead external fundraising opportunity for YEF’s growth by identifying new sources of funding, and developing sustainable and effective grants programs
Planning, Monitoring, Evaluation and Learning
§ Lead in the development and/or review of youth empowerment fund and enterprise development department work plans, quarterly, biannual and annual reports;
§ In consultation with Program Directors, update the monthly, quarterly and annual plan of action and share with relevant staff;
§ Work with PM&E unit to develop monitoring, evaluation and reporting systems that will effectively capture progress towards results and ensure consistent monitoring of program activities.
§ Contribute to the development and timely submission of written reports, preparing periodic update reports on successes and challenges facing the project, as well as its progress;
§ Work with project leadership to support continuous project learning and ensure integration of measurement, evaluation, and research into management decision-making.
§ Masters Degree in Management, Business, International Development or related field experience setting up a SACCO or microfinance institutions and related financial management, banking sector experience a plus.
§ At least fifteen years experience with minimum of five years in senior management position in economic development and/or financial inclusion projects for marginalized groups, with demonstrated practical skills in management and finance sector experience, preferably in Ethiopia.
§ Strong financial and accounting knowledge and skills; financial analysis and reporting and systems development experience.
§ Demonstrated professional competence and strong analytical skills;
§ Strong IT literacy with excellent knowledge of accounting software
§ Experience of working with public, banking and finance sector
§ Ability to understand, develop and implement banking, financial systems & products
§ Strong collaborative, interpersonal, written and verbal communication skills