Founded in 2004, The First Microfinance Bank - Afghanistan (FMFB-A) is part of the Aga Khan Agency for Microfinance (AKAM), which has programs in over 10 countries throughout the developing world. FMFB-A's vision is to be recognized as the leading microfinance services provider contributing to poverty alleviation and economic development through the provision of sustainable financial services primarily targeting micro/small businesses and households. The bank provides credit and deposit products to a wide range of clients including micro, small and medium enterprises along with commercial banking and international remittance services.
With over 1,100 employees (20 percent women), FMFB-A operates in 14 provinces of Afghanistan through 39 branches (including one women-only branch). The number of FMFB-A clients across 14 provinces reaches about to 180,000 (23 percent women) both in rural and urban areas. The FMFB-A loan outstanding and savings values reach to over AFN 6.2 billion and AFN 2.5 billion, respectively.
About the Job:
The Consultant will impart classroom training on fundamental SME/Non-Funded Facilities products that serve as a basis for conducting SME banking. The workshop should give a detailed product perspective for the most commonly available SME Banking/Non-Funded facilities products and once the understanding is developed, it should provide participants a comprehensive overview of how to build a successful Non-Funded facilities strategy to raise the performance of the bank. Participants from various levels within a bank, different functional responsibilities (front, middle and back offices) will equally benefit from the product knowledge that will be delivered.
Tasks and Responsibilities:
The specific topics to be covered during the program must include detailed sessions on (but not limited to):
Introduction to non-fund-based facilities and their advantages.
Imports: Letter of Credits, Documentary Collection, Registration of Import Contracts, Advance Payments.
Exports: Negotiation, Discounting, Documentary Collection, Finance against Foreign Bills.
FIM (Finance Against Imported Merchandize).
FATR - (Finance Against Trust receipt).
FAFB – (Finance Against Foreign Bills).
FDBP – (Foreign Documentary Bills Purchased).
IDBP – Inland Bills Discounting.
Bank Guarantees: All kinds of Local as well as Foreign Guarantees.
Local Trade: Inland Letter of Credits, Back to Back Letter of Credits, Local Bill Discounting etc.
Inventory financing facilities.
Import and export financing - Front office (structuring, product development and selling) and back office /operations.
Export factoring (companies receive funds against invoices or accounts receivable).
Forfaiting (purchasing the receivables or traded goods from an exporter).
Five-day classroom training workshop per group to be conducted for three groups in Kabul, Afghanistan.
End-to-end documentation associated with at least three SME/Non-Funded facilities products (to be discussed/agreed with FMFB-A Management).
Risk adjusted pricing/Fees and Charges/ Parameters to define different types of commissions and charges in the core banking system.
Key reference materials, handouts of information discussed in the training sessions, relevant supporting documents and case studies (if any) will be distributed amongst the participants.
Relevant professional training and certification desirable.
The consultant should have at least 15 years of experience in Non-Funded facilities product development/management.
he/she should have carried out similar training assignments in the past.
He/she must have in-depth knowledge and practical experience of non-fund-based facilities reflected by employment experience with leading banks with proven experience in developing relevant offerings, pricing strategies, and retailing procedures.
How to Apply:
Interested candidates are invited to send their CV along with a cover letter to [email protected] with the position title in the subject line.