Job Title: Strategy Consultant to provide Financial Modeling and Savings Strategy in Nigeria
Reference: JOB1013
Location: Nigeria
Organisation: Women's World Banking
Summary: Women's World Banking (WWB) seeks an individual consultant to develop and manage the execution of a marketing strategy and implementation plan for a partner bank to promote a savings product to low-income women in Nigeria.
About Women's World Banking: WWB is an international microfinance support organization and network of 39 microfinance institutions in 27 countries. The mission of WWB is to expand the economic assets, participation and power of low-income women and their households by helping them access financial services, knowledge and markets.
About the Project:
• Women's World Banking (WWB) is collaborating with a partner bank on a joint project to develop and pilot a savings product for the unbanked and under-banked in Nigeria, especially for women.
• The bank's objectives are to develop an innovative and commercially profitable value proposition, to drive growth in the retail banking market through outreach to the market of un/der banked Nigerians.
• During the project, a savings product will be developed and tested through two channels, including branches and a mobile banking platform. WWB and its partner bank will collaborate on customer research, product design, development of marketing, and a partnership strategy to support education and awareness.
Objectives & Responsibilities
The consultant will leverage best practices in retail and mobile banking for the mass-market, internationally and in Nigeria, to develop a financial model and analysis to support strategic decisions on the product, channels and delivery systems for WWB's partner bank to enter the low-income market in Nigeria. Specific responsibilities include:
Phase 1:
• Develop a financial model to project costs and returns to the financial institution and its mobile service provider partner(s) for a savings product offered via various channels
• Advise the bank on key drivers of commercial viability, taking into consideration key insights from customer research
• Analyze alternative scenarios as inputs to product design for a pilot
Phase 2:
• Following completion of a six-month pilot, collaborate with the bank to develop a commercial roll-out strategy for the product
• Utilize financial model to develop projections and analyze the impact of product adjustments on scale and commercial viability
Project Team
The consultant will work with a small team from WWB, including staff members and field-based consultants, as well as staff from the partner bank and advertising agency. The consultant will report directly to the WWB Project Manager and work closely with other project managers and marketing staff.
Duration of Consultancy
The consultant will be procured for an initial period of six months and the contract may be extended for the duration of the project pending performance during the initial six-month period. The project is one year in totality, ending in 2012 calendar year, with 40 billable days for the consultant.
Location of Work
The consultant may be based in the United States or internationally, with travel to Nigeria.
Minimum Qualifications
• Extensive experience in experience in strategy and implementation in retail banking and/or microfinance, prior work with branchless banking an advantage
• Track record of successful projects in modeling, developing projections and roll-out strategies in the financial sector
• Country experience in emerging markets; in Africa and/or Nigeria an advantage
• Ability to manage expenses on a reimbursable basis
• Individuals or companies are encouraged to apply
How to Apply:
Please submit a brief proposal with fee requirements, details of experience / resume(s) to submit@swwb.org by January 31, 2012.
Please include title of this position in the subject line of your e-mail. Questions can be e-mailed to questions@swwb.org.
Deadline: 31 January 2012.
Strategy Consultant to provide Financial Modeling and Savings Strategy in Nigeria (http://www.jobnavy.com/job/900/strategy-consultant-to-provide-financial-modeling-and-savings-strategy-in-nigeria-at-womens-world-banking/)