Embedded Advisor at Development Bank of Rwanda(BRD):(Deadline:31-05-2022)

1. Background Information

Job Title: Embedded Advisor

Department: Business Development

Duo Reports to: Functionally to Manager Equity Investment & Advisory services  Administratively to the AFIRR Project Coordinator

Contract terms: Period of assignment is for 1 year, with a possibility of renewal once depending on demonstrated good performance

2. Purpose of the Job

The consultant will support the Development Bank of Rwanda in creating up a fully-fledged advisory services unit by setting up its strategy, policies, pricing, processes, procedures and provide all necessary tools and advice to ensure the long term of the division.

3. Scope of work

The consultant’s broad and overall work will be to support Development Bank of Rwanda in setting up the Advisory services unit which will provide world class advisory services to all types of Bank’ clients, the private sector, the general public and market. This unit would be a source of knowledge, market insights, resources and expertise across various sectors (contracted on a need-basis or in-house) to different stakeholder. This unit will support the private sector to ensure that it benefits from the ERF and AFIRR, but also linking projects/enterprises to potential investors, unlocking the potential growth of local SMEs and startups, providing technical assistance for sustainability and ESG and advising on project funding beyond AFFIR.

4. Main Responsibilities of the Job

Duties and responsibilities shall include but not limited to:

• Conducting Surveys to understand the need for advisory services and required interventions. Seek and obtain feedback from relevant Bank stakeholders, mainly from potential clients
• Development of a 5-year strategy plan for the set up and running of the advisory services unit (ASU). The strategy should ensure long term sustainability of the ASU.
• Development of relevant ASU strategy subsidiary action plans for the implementation of identified activities
• Detailed proposal on the skills required, qualifications and trainings to be undertaken by the ASU staff based on performed gaps analysis
• Detailed proposal on the ASU staffing requirements to meet the ASU short and long terms objectives set in the relevant strategy plans
• Development of pricing guidelines for the services offered by ASU
• Development of the ASU service charter which should include types of services to be offered and related processes and procedures
• Development of all required policies, processes, and procedures in relation to the newly created ASU
• Advising on the types of clients, their identification and retention
• Advising on the innovative digital tools and systems to be used under ASU for the management of clients and activities
• Providing trainings (knowledge transfer) to BRD staff in the ASU
• Build a strong pipeline of potential clients and proposals on how required advisory services can be offered for each identified client
• Monthly and Quarterly progress reports, Annual Reports to the Head of Business Development describing major activities undertaken and tasks accomplished during the reporting period, challenges hindering implementation process and Possible mitigations.
• The consultant will work closely and regularly with existing ASU team to perform the assignment. Additionally, the advisor will provide technical input and advice to BRD management as needed on any matters related and/or relevant to the advisory services.

5. Working relationships 

• All BRD departments
• Any relevant internal and external stakeholders

6. Professional, academic qualifications and experience

• A Master’s degree in economics, business administration, accounting, finance, project management or related discipline.
• Demonstrate at least 10 years of relevant professional experience in the advisory services, of which 5 should be at a senior position.
• Strong business and advisory experience with extensive finance/accounting background.
• Exceptional interpersonal, communication, writing and analytical skills.
• Ability to gather and analyze data and generate information for decisions making purposes. The advisor should be highly skilled in report drafting and presentations
• Proficiency in written and spoken English is a requirement. Knowledge in French is an added advantage.
• Experience in running a startup project would be an added advantage

7. Deliverables

• Five-year strategic plan for the Advisory Services Unit with a focus on ensured long term sustainability and impact.
• Establishment and set up a fully-fledged Advisory Services Unit
• Needs assessment and validation of technical assistance needs internally and externally
• Training of BRD staff and knowledge transfer to the dedicated teams
• Advice to BRD management on all matters related to the advisory services
• Identification of skills gaps and training required as a well staffing requirements for short- and long-term sustainability of the Advisory Unit.
• Development of service charters, pricing guidelines, policy, processes and procedures related to the Advisory services unit and the services offered.
• Building a strong pipeline of clients and producing comprehensive proposals on how to implement and support each activity required and any necessary client retention methods as well.
• Advising on digital tools to be used for the advisory services unit as well as any innovation that would make the unit relevant in today’s market.
• Producing periodic reports on achieved tasks, challenges and mitigation and suggestion on the way forward.

8. Budget & payment terms

• Period: Period of assignment is for 1 year, with a possibility of renewal depending on demonstrated good performance
• Location: The place of assignment is at BRD, Rwanda.
• Supervision: The consultant will have duo reporting line; to the Manager Equity Investment & Advisory services and to the AFIRR Project Coordinator.
• Payment: The consultant will be paid on a monthly basis based on negotiation.
• The role is open to Nationals and Internationals who will be willing to relocate in Rwanda during the assignment.