Portfolio Officer at Africa Enterprise Challenge Fund (AECF)

Africa Enterprise Challenge Fund (AECF) is a development finance institution leading holistic transformation of rural communities in Africa. We seek to alleviate poverty in the continent by unlocking the power of the private sector working in agri-business, renewable energy and gender to impact rural and marginalised communities to achieve Sustainable Development Goals.

We are recruiting to fill the position below:

Job Title: Portfolio Officer

Location: Kano
Reports to: Programme Manager
Slots: 2 Openings

The Programme

• The Investing in Women in Nigeria (IIW-Nigeria) is a 6-year programme funded by Global Affairs Canada (GAC) that seeks to economically empower women working in the agriculture sectors as entrepreneurs, smallholder farmers, producers, and employees and to address the barriers that prevent women from participating in agricultural value chains in Kano State, Nigeria.
• Women account for 75% of farmers in Nigeria and agriculture is the economy’s second-largest source of employment (36%).
• Yet women farmers are significantly constrained by restrictive gender norms that limit their mobility, agency, ability to own land and access finance, inputs and technology. Climate volatility further exacerbates these challenges, especially in the North, which is prone to drought and flooding.
• Through the project, the AECF will launch challenge fund competitions that will award performance-based grants to women entrepreneurs, producer groups, and small and medium-sized enterprises (SMEs) offering employment, products and services that benefit women, that address barriers to women’s participation in agriculture, and are climate smart.
• It will also provide business advisory services to the companies that are supported with grants, work with micro finance institutions to improve their ability to reach individual women farmers and engage with local community and political structures to support women in agricultural value chains.
• The initiative seeks to contribute evidence on the effectiveness of funding the private sector to drive and improve women’s economic empowerment along various agricultural value chains.

The project seeks to:

• Increase access to finance for women-owned/led companies and those creating economic opportunities for women.
• Increase access to business development services to support the growth of agribusiness that are beneficial to or led by women.
• Address social norms through community-level and locally gender equality capacity building initiatives, advocacy and awareness campaigns and the recruitment of local champions.
• The project will support micro, start-up and growth level businesses through matching funding and technical assistance, and work to reduce systemic gender barriers to women’s economic empowerment at the grassroots level.

The Role

• The Role holder is responsible for supporting the management of the Investing in Women Nigeria programme, an investment programme designed to support women owned and women led enterprises and other organisations and funded by Global Affairs Canada.
• He/she will lead the technical and grants management support to a portfolio of investments in small and medium sized enterprises and women’s producer organisations in the agriculture sector in Kano, Nigeria.
• The incumbent is expected to work flexibly and collegially in processing grants, managing relations with investees, supervising the implementation of investment contracts, reporting to management and external donor partners and coordinating technical assistance.

Key Responsibilities
Portfolio Monitoring & Reporting:

• Ensure investee performance in line with grant agreements through effective relationship management.
• Lead the planning and execution of investee performance monitoring activities, including data verification exercises to ensure the quality of programme results.
• Reviewing periodic narrative and financial reports, as well as disbursement requests from grant recipients.
• Ensure legal review and opinion on grants that require the legal departments review.
• Provide periodic reports on the programme, information trends and other relevant information as requested.
• Contribute to the development of periodic management and donor reports.
• Contribute to proposal development for various potential program areas.
• Implementation of the financial policies, procedures, and systems guidelines for grant recipients.
• Ensure all investee site visits are conducted on a periodic basis, as per the agreed site visit schedule.
• Coordinate identification of investees who require technical assistance and arrange to deliver services based on the AECF TA and Learning service delivery framework.

Impact and Learning:

• Contribute to the portfolio learning agenda through collection of investee progress reports and validation of impact reported following AECF guidelines on impact measurement.
• Contribute to baseline, mid-term and endline evaluations.
• Contribute lessons learned to regular reporting as well as ad hoc learning papers produced under the IIW Nigeria programme.

Risk and Compliance:

• Ensure compliance with internal controls and risk management of the portfolio in accordance with the wider AECF Management Framework.
• Implement the programme risk and mitigation framework, in line with the overall AECF Risk and Compliance Management Framework.

The Candidate
Suitable candidates should:

• Possess a Bachelor’s Degree in Business, Finance Economics, Sustainable Development, or related field.
• Have four (4) to five (5) years experience in portfolio or investment management, including experience with financial and operational due diligence of early or growth-stage businesses.
• Be able to demonstrate organizational and project management skills.
• Have an understanding of the donor landscape and demands of international development.
• Possess excellent analytical and communication skills with the ability to prepare investment/grant memos, proposals, and reports to a high level of proficiency.
• Have a high degree of initiative and energy, “can-do” attitude, flexibility, teamwork, and attention to detail.
• Be fluent in written and oral English and Hausa languages.
• Have experience in private sector development, sustainable finance, strengthening value chains or economic diversification - preferably in sustainable or blue economy-related industries.
• Hold a professional accounting qualification e.g., ACCA, will be an added advantage.
• Have experience working with SMEs, and financial intermediaries working with micro and small businesses. Experience with gender lens investing, will be a distinct added advantage.

How to Apply
Interested and qualified candidates should:
Click here to apply

Application Deadline   6th January, 2023.

Note

• If you believe, you can clearly demonstrate your abilities to meet the relevant criteria for the role register and apply using the link above.
• The AECF is an Equal Opportunity Employer. All applicants will be considered based on merit without regard to race, sex, colour, national origin, religion, age, disability, or any other characteristic protected by applicable law.
• To be considered, your application must be received by:
• Only shortlisted candidates will be contacted