Agribusiness Initiative (aBi) Trust Management Career Opportunities: KPMG Job Advert

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The Agribusiness Initiative (aBi) Trust is a component of the U-Growth programme which was initiated by The Royal Danish Embassy in 2007.

The Trust will support the government of Uganda and the private sector in achieving the objectives of the Competitive and Investment Climate Strategy and thereby contribute to poverty reduction through economic growth, wealth and employment creation.

The development objective of aBi is to build a self-sustaining export led economy in which the benefits of growth are shared by all Ugandans and the immediate objective is to strengthen the competitiveness of Uganda's 17 agricultural and agro-processing sectors.

In order to achieve its development objective, aBi has three sub-components each with its own immediate objective.

The sub components are: Value chain Development, Expansion of financial services supporting agribusiness and Trade-related Sanitary and Phytosanitary Measures and quality management systems.

The aBi Trust will have a mission to:

• Invest in financial institutions that engage in the financing of agribusiness;
• Guarantee credit to agribusinesses and agribusiness financiers on a fee basis, informed always by sound due diligence;
• Deliver business development services agribusinesses and agribusiness financiers;
• Provide leadership and technical assistance to the development of Uganda's key agricultural value chains, from input supply, through production, processing and export (including standards); and
• Ultimately provide the above services on a basis that covers the operating and financial expenses of the aBi Trust.
For the first four years, the aBi will be funded jointly by the governments of Denmark, Sweden, Belgium and the EC and will be based on a joint partnership with Denmark as the lead partner. The proposed joint funding will be to a tune of EUR 42.1 million.

A Technical Assistance team will support the aBi Trust management and staff to establish and develop the institution.

The aBi Trust is expected to develop and function as a professionally managed business which will transition into a permanent, unassisted, institution servicing agribusiness.

The Trust is expected to generate income and to attract new investment, sufficient to sustain and grow its operations.

The Founders of the aBi Trust are the Government of Uganda and the Government of Denmark, with Denmark providing the Trust's initial capital endowment, inclusive of capital for the provision of portfolio guarantees, lines of credit and other facilities to commercial banks and other financial institutions.

The Founders will appoint a Board of Trustees (BoT) who will have the overall responsibility for directing the development of theTrust and the management of its assets and the operations, including the recruitment of a management team. The Founders will direct and supervise theTrust until the BoT are onboard and functional.

In order to deliver the mandate of the aBi Trust, the Founders seek to recruit competent, professional, business oriented individuals for the following managerial positions.

These positions will report directly to the aBi Trust's Managing Director (MD).

Finance and Administration Manager

The Finance and Administration Manager (FAM) will be responsible for the financial accounting and reporting, day-to-day administration and the human resource functions of the Trust.

In this role the FAM will have several staff reporting to him/her including an Accounts Assistant and other general administrative staff.

The FAM's duties will include but will not be limited to:

Regularly review and update the operations manuals (Financial Management and reporting. Administration and Human Resources) upon approval of the MD and BoT;

Financial management

Maintain an efficient accounting system of the Trust, including:
• Supervise the Accounts Assistant in his/her responsibility of raising and posting of financial transactions and approve such transactions;
• Implement proper record keeping and custody policies of all assets in accordance with the Operations Manual and/or other guidelines that may apply;
• Safe guard the integrity of accounting records and financial transactions;
• Oversee the daily financial management including the processing of payment vouchers, entering transactions in the accounting system, preparation of bank reconciliations, updating the asset register and filing accounting documents;
• Forecast Trust's excess liquidity and undertake quarterly reviews of investment options (treasury bills, treasury bonds and fixed deposits) and present the options to the Investment Committee;
• Ensure timely collection of debts, cash and cash flow management;
• As a co-signatory, maintain and supervise all operations of the bank accounts held by the Trust for operations and investments;
• Maintain records of all lines of credit to the Trust and account for deposited funds and investments;
• Prepare periodic reports, as requested, and advise management on financial performance, including but not limited to cash flow forecasts, management accounts, budget vs. actual variance reports etc;
• Prepare timely annual financial statements for external audit;
• Prepare, process and submit documents for tax and other statutory remittances in a timely manner; and
• Oversee the maintenance and on a need basis the customization of computerised accounting software.

Administration

Ensure the smooth operations of the Trust, including:
• Supervise the development and maintenance of smooth and efficient procurement and inventory management systems, that ensure the efficient and economic use of the Trust's resources; and
• Supervise the management and maintenance of office facilities, filing systems, and office support services such as IT support.

Human Resources

Support the Trust's regular operations, including:
• Coordinate the human resource activities of the Trust including recruitment and selection, induction and orientation, staff development, performance management and separation;
• Directly supervise the Accounts Assistant and other administrative staff;
• Maintain all Human Resources records;
• Oversee the timely payment of remuneration and statutory dues for the staff;
• Promote the professional development of individual staff under his/her care; and
• Ensure that policies and procedures adhere to Ugandan labour laws and follow best practices for staff appraisal, development, discipline, welfare etc.

Qualifications and experience:

The ideal candidate should possess the following:
• Graduate degree in business, finance, agribusiness or other relevant discipline;.
• A post graduate degree in the relevant field;
• Professional qualification in accounting such as ACCA, CIMA, CA, CFA or CPA;
• Minimum of seven years progressive management experience, most recently as a head or deputy head of a finance and administration function in financial institution, private sector firm or a manager in an audit/financial advisory firm, or similar relevant enterprise;
Strong and auditable knowledge and skills in:
• Knowledge of International Financial Reporting Standards, Company law and Tax legislation;
• Spoken and written English;
• Quantitative analysis;
• Staff supervision and coaching;
• Effective Communication;
• Use of Microsoft Office packages; and
• Proficiency in financial software applications, with skills in Microsoft Dynamics NAV (Navision), will be considered an advantage.

Financial Services Manager

The Financial Services Manager (FSM) will be responsible for the management of the Trust's Financial Services Program which will provide financial technical assistance services to the various Trust partners.

The position will supervise two other contracted staff (the Financial Services Officer and the Operations and Portfolio Officer) and multiple specialist consultants.

Duties for this position will include but will not be limited to the following:
• Develop operational plans in accordance with goals set by the BoT for the financial services component;
• Prepare and regularly update the procedural content of Operations Manual relating to financial services;
• Participate in recruiting permanent staff members for the financial service section including developingTerms of Reference, interviewing candidates and negotiating employment terms and standards of performance;
• Establish and maintain relationships with the Financial Institutions and other stakeholders for the Trust's financial services program to establish how these institutions might be assisted to further theTrust's mission through technical assistance, grants and guarantees;
• Participate in recruiting and supervising national, regional and international long and short term consultants supporting the partner Financial Institutions;
• Liaise with the aBi Programme Contractor to provide technical oversight, monitoring and evaluation of technical assistance to the Financial Institutions;
• Based on the set Trust guidelines manage grants to partner Financial Institutions;
• Arrange for regular training/coaching for contract staff, specialist consultants and the development partners, as necessary;
• Prepare annual business plans and budgets in collaboration with other members of the management team; and
• Prepare reports, as required.

Qualifications and experience:

The ideal candidate should possess the following qualifications:
• Graduate degree in Business Administration, Finance, Banking, Economics, Agribusiness or another relevant discipline;
• A post graduate degree in a relevant discipline;
• Experience in agricultural finance and financing rural activities;
• Minimum of seven years progressive management experience, experience as a head or deputy head of a grants/technical assistance program, preferred;

Strong and auditable skills in:

• Spoken and written English
• Quantitative analysis
• Effective Communication
• Staff Development and coaching; and
• Use of Microsoft Office

Operations/ Monitoring and Evaluation Manager

An individual with a good understanding of credit and investments management and basic understanding of monitoring and evaluation is required to fill the Operations/ Monitoring and Evaluation Manager position; responsible for the day-to-day management of the Trust's guarantee operations.

The position will be the Trust's principal contact with the partnered financial institutions and will oversee the Monitoring and Evaluation function for the Trust and its funders.

Duties will include but will not be limited to:

Establish and maintain relationships with Financial Institutions to support utilization of the Trust's Agribusiness finance guarantees, Investments and Financial Institution technical assistance;

Manage the Trust Agribusiness finance guarantees including:

• Appraise interested Financial Institutions for partnering based on the criteria outlined in the Operations Manual and prepare cases for approval or decision by the MD and BoT;
• Oversee preparation of all legal and supporting documentation for approved Financial Institutions;
• Monitor the necessary fee payments from Financial Institutions to the Trust;
• Receive applications from partnered Financial Institutions for guarantees, review the applications for compliance against theTrust's Operations Manual and recommend appropriate action to the Guarantee Committee;
• Prepare standard letters to Financial Institutions advising on Guarantee Commit tee decisions;
• Maintain files and a database for all guarantee applications as set out in the Operations Manual;
• Receive and review for eligibility any and all claims on guarantees;
• Prepare documentation for claim approvals and arrange for their settlement if approved; or advise the Financial Institutions if not approved;
• Monitor the guarantees, for compliance within Financial Institution's individual limits and development impactinrelationtotheTrust'smission;and
• Prepare management reports on the performance of the guarantee program as requested.

Monitor Trust investments including:

• Monitor investment returns from the public and private financial markets;
• Receive quarterly investment targets from the Finance and Administration Manager and solicit bids from potential partnered and non-partnered Financial Institutions;
• Prepare standard appraisals of the Financial Institutions and the investment products described in their bids;
• Provide summary analyses and recommendations to the Finance and Administra tion Manager to be approved by the Investment Committee;
• Prepare standard letters to Financial Institutions advising on Investment Commit tee decisions;
• Oversee preparation of all legal and supporting documentation for investing in the approved Financial Institutions; and
• Prepare management reports on the performance of the Investments as requested.
• Carry out orientation of partner Financial Institutions including preparation and facilitation of trainings;
• Regularly review and update the Operations Manuals for both the guarantee program and the investment function of the Trust, for MD and BoT approval;
• Consistently monitor partner Financial Institutions to identify ways that the aBi Programme can provide technical assistance in agribusiness finance to drive greater utilization of guarantees and strengthen the partnered Financial Institutions overall performance; and
• Supervise the overall Monitoring and Evaluation strategy for the Trust.

Qualifications and experience:

The ideal candidate should possess the following qualifications:
• Graduate degree in Business Administration, Statistics, Finance, Economics, Agribusiness or other relevant discipline; A post graduate degree in a relevant field;
• Professional qualification in banking or finance such as ACIB, CFA, ACCA;
• Minimum of seven years progressive management experience, most recently as a head or deputy head of a Credit front and/or back office function in financial institution or similar relevant enterprise;

Strong and auditable skills in:

• Spoken and written English;
• Quantitative analysis;
• Effective Communication; and
• Use of Microsoft Office.

Value Chain Development Manager (VCDM)

The VCDM will support the Trust to directly contribute to the realization of three aspects of the Trust mission; namely:
1. delivering business development services to agribusinesses and agribusiness financiers;
2. providing leadership and technical assistance to the development of Uganda's key agricultural value chains, from input supply, through production, processing and export (including standards); and,
3. providing services on a basis that covers the operating and financial expenses of the aBi Trust.
The position will supervise two other contracted staff (the Enterprise Development Officer and the Market Development Officer) and multiple specialist consultants.

The position will play a counterpart role to the aBi Programme Contractor that will supply specialised technical assistance to the Trust.

The day-to-day roles for this position will include, but will not be limited to:
• Develop operational plans in accordance to goals set by the BoT for the Value Chain Development component;
• Prepare and update the procedural content of Operations Manual relating to Enterprise services;
• Participate in recruiting permanent staff members for the Enterprise services section;
• Establish and maintain relationships with private sector organisations, development partners, governmental institutions and other stakeholders for the Trust's Financial Services Program to establish how these institutions might be assisted to further the Trust's mission through technical assistance, grants and guarantees;
• Participate in recruiting national, regional and International long and short term consultants supporting the partnered Financial Institutions;
• Liaise with the aBi Programme Contractor to provide technical oversight, monitoring and evaluation of technical assistance to the supported enterprises;
Based on the set Trust guidelines oversee grants to supported enterprises including:
• Screen and appraise grants and technical assistance applications for compliance with the program criteria;
• Prepare standard grant recommendations for BoT approval;
• Inform partners in writing of grant application approvals or rejections;
• Arrange all legal and related documentation for all approved grant;
• Liaise with the beneficiaries to ensure full understanding and acknowledgement of their role;
• Maintain a database for all approved grants; and
• Monitor grant recipients' activities to ensure they meet the performance and reporting targets as set out in the relevant agreements.
• Arrange for regular training/coaching for contract staff, specialist consultants and development partners, as necessary;
• Prepare annual business plans and budgets in collaboration with other members of the management team; and
• Prepare reports, as required.

Qualifications and experience:

The ideal candidate for this position will possess the following qualifications:
• Graduate degree in business administration, agricultural economics or similar relevant field;
• A post graduate degree in a relevant field;
• Minimum of 10 years of proven experience in private sector agricultural development, with focus on agricultural productivity or commodity trade involving SMEs;
• Direct experience in Africa-based agricultural/rural development initiatives;
High levels of skills in:
• Management for results, inclusive of managing permanent technical staff and supervising short term consultants;
• Developing and strengthening agricultural inputs distribution networks;
• Developing agricultural value chain support strategies, including industry clusters;
• Supporting smallholder productivity;
• Strengthening farmers'organisations;
• Documenting and reporting successful stories, best practices and impact of technical assistance programmes and development projects;
• Spoken and written English;
• Quantitative analysis;
• Effective Communication;
• Staff Development and coaching; and
• Use Microsoft Office.

The offer:

The successful candidate will be compensated by an attractive package that will include both a base salary and performance-based compensation paid against the overall achievements of negotiated performance targets

Tenure:

The positions will initially be contracted for two years subject to a six month probationary period, and shall be available for renewal on satisfactory performance.

If your career aspirations match any of these exciting opportunities, please forward your curriculum vitae giving details of your qualifications, experience, present position, current remuneration, e-mail address and daytime telephone contact including names and addresses of three referees on or before 19 February 2010 to the following address:

Executive Selection Division
KPMG
3rd Floor Rwenzori Courts
Plot 2 & 4A, Nakasero Road,
P.O Box 3509
Kampala, Uganda
Email: esdi @ kpmg.co.ug

© 2010 KPMG Uganda, a Ugandan partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.




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