Amahirwe y`akazi ((EOI) for hiring Senior Housing Finance Advisor) at Development Bank of Rwanda (BRD) : Deadline 05-04-2021

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Tender Nº: 002/02/2021/BRD/HC&CS/CS

Project: Rwanda Housing Finance Project (RFHP)

Assignment Title: Request for Expression of Interest (EOI) for hiring Senior Housing Finance Advisor

Procurement Approach: Individual consultant

1. Background:

The Rwanda Housing Finance Project (RHFP) a US$150million five-year project, aims to expand access to housing finance to households and to support capital market development in Rwanda. To address structural challenges in the Rwandan housing finance market, the project helps develop the financial system’s institutional framework and build capacity to facilitate financial intermediation beyond the banking sector. The project is operating within three  components: (1): Provision of Long-term Finance to Expand Housing Finance (US$117 million equivalent), and (2): Technical Assistance and Implementation Support (US$3 million equivalent) and (2): Provision of infrastructure subsidy to affordable housing projects  (US$30 million equivalent)

To strengthen the implementation of the project. BRD has an established Special Projects Implementation Unit (SPIU) which plays an active implementation role in the projects implemented by BRD. For quick and smooth implementation of the Rwanda Housing Finance Project, technical competency is very key, and it is in this regard that BRD seeks to recruit a senior Housing Finance Advisor to offer expertise to the Project Implementation Unit to improve project performance in terms of operations, profitability, management, structuring of transactions other strategic guidance to enable the project to achieve the  Project Development Objective (PDO).

2. The objective of the assignment:

The objective of this assignment is to support the operations of the project in the assessment of  PFIs to fulfill eligibility criteria to be able to participate in the project, provide strategic support to the RHFP in assessing financial institutions to collaborate under the project, build the capacity of Staff under BRD’s RHFP in implementation of the project, support the capacity building component of RHFP, offer technical assistance on the subsidy component of the project to ensure the required optimal utilization of the subsidy and offer support in monitoring and evaluation of the implementation of the project. The Consultant will also support the operationalization of Rwanda Mortgage Refinance Company in fulfilling the functions of RHFP.

3. Scope of work and the key deliverable (Task) per project component

3.1    Component 1: Provision of Long-term Finance to Expand Housing Finance

• Task 1: Strategic guidance to the Project Implementation Unit (will be done within 12 months of the consultancy period). For detailed activities refer to the terms of reference.
• Task 2: assist in eligibility and on-going eligibility assessment of PFI’s (to be done within 12 months of the consultancy period). For detailed activities refer to the terms of reference.
• Task 3: Understand RHFP objectives and design, and: Evaluate lending policies and procedures of PFIs and modifications required to align to the Project Implementation Manual of RHFP (to be done within 12 months of the consultancy period). For detailed activities refer to the terms of reference.

3.2    Component 2 Technical Assistance and Implementation Support 

• Capacity building of PFI staff, RHFP Staff, and RMRC Staff involved in the RHFP offer required technical assistance on the procurement activities of the component (to be done within 12 months of consultancy services with BRD

Main Task:  Deliver training modules to all PFIs, BRD, and RMRC including monitoring and evaluation reporting, and support development of ToRs for various procurement activities under RHFP and monitoring of their execution. This shall also include any assignment related to the Implementation of the Project that may be assigned to the Senior Housing Finance Advisor by the immediate supervisor or the Management of the Bank.   For detailed activities refer to the terms of reference

3.3    Component 3: Provision of infrastructure subsidy to affordable housing projects

Main Task: Offer strategic guidance in the utilization of the subsidy by developers, technical assistance in the delivery of the subsidy i.e Procurement-based, reimbursement and other delivery mechanisms that may be developed in the future, assist in M&E assignments of the component.

Other job requirements are detailed in the terms of reference.

4. Experience:

The Development Bank of Rwanda (BRD) now invites individual consultants (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are:

1. A Master’s Degree in finance, business administration, economics, project management, or other related fields from a recognized University/Institution. Qualification in Housing Finance gives an added advantage.
2. Demonstrated experience in managing housing finance projects in developing countries or developing strategic housing finance projects of a similar scale financed by the World Bank or other International Developing Partners.
3. Minimum ten (10) years of relevant experience in project and program management in housing finance.
4. Experience in underwriting in the financial sector.
5. Demonstrated experience in carrying out multi-stakeholder consultations, engagement, and management.
6. Evidence of at least one successfully implemented new product rollout in the housing finance area.
7. The capability of demonstrating a multidisciplinary approach to housing finance project management.
8. Experience in designing and delivering large-scale capacity-building programs for Financial Institutions.

5. Duration of the contract

The contract duration will be one (1) year and may be renewed upon satisfactory performance with the written mutual consent of both parties

6. Selection process

Candidates will be selected using the selection based on the Consultant’s Specific Qualifications method. Shortlisted candidates will be assessed through experience and qualifications.

All Interested Consultants are invited to collect from the BRD website (www.brd.rw/procurement/template.docx) the full Terms of Reference for this assignment and address their expression of interest with a detailed CV showing how the bidder meets the requirement.

Further clarification can be requested through the following email addresses: brd@brd.rw, copying procurement@brd.rw during office hours (8:00 am to 6:00 pm, Local time).

 The expression of interest should be addressed to the Chief Executive Officer of Development Bank of Rwanda at the following address: procurement@brd.rw and copying to the brd@brd.rw no later than Monday, 5^th April 2021 at 5:00 pm Kigali time.

Done at Kigali, March 19^th, 2021