Program Lead, Micro, Small and Medium Enterprises (MSMEs) Finance at Mastercard Foundation

Mastercard Foundation is a global foundation based across four hubs in Kigali, Rwanda, Nairobi, Kenya, Accra, Ghana and Toronto, Canada. Our programs promote financial inclusion and advance education and learning in Africa, primarily for young people, and in Canada for Indigenous youth. The Foundation was established in 2006 through the generosity of Mastercard when it became a public company. From inception, the Foundation was designed to be a separate entity and independent from Mastercard. Our policies, operations, and funding decisions are made by our President and Board of Directors.

The Foundation believes that youth employment is key to unlocking prosperity, both for youth and their societies. Enabling young women and men from disadvantaged communities to secure dignified and fulfilling work will ensure inclusive development and economic growth in Africa.

We are recruiting to fill the position below:

Job Title: Program Lead, Micro, Small and Medium Enterprises (MSMEs) Finance

Location: Lagos, Nigeria

The work at the Foundation - Micro, Small and Medium Enterprises (MSMEs)

• Micro, small, and medium-sized enterprises (MSMEs) play a critical role in employment and job creation in Sub-Saharan Africa. To address youth unemployment, the demand for labour will need to increase and it will need to increase within firms. In its new strategy, the Foundation has committed to efforts that improve the quality and quantity of jobs in African countries, and working with MSMEs is vital to this mission. Constraints facing the growth of MSMEs fall under the following categories: investment climate, access to infrastructure, access to markets, access to finance, and training and skills.
• The Foundation will pursue systemic approaches to diagnose and work on several interventions that range from the firm to the bank to the policy level to address these constraints within target countries.
• The MSME team supports the development of country strategies, provides technical support in the development of country-led programs, helps colleagues build a shared understanding of key issues and opportunities related to growing MSME employment in Africa, and contributes to the Foundation’s learning agenda.
• The Foundation’s work, to date, has supported micro-enterprise directly through its work in Financial Inclusion and in Youth Livelihoods. The Foundation continues to support a number of Financial Inclusion programs that predate the Young Africa Works strategy, especially in the Rural and Agricultural Finance initiative. These programs support banks and investment funds to strengthen MSMEs directly for growth and / or the delivery of essential financial services to smallholder farmers.

The Opportunity

• Reporting to the Country Head, the Program Lead, MSME Finance will work collaboratively with MSME colleagues and other Foundation staff, such as Program country team members and Impact team colleagues.
• The Program Lead, MSME Finance will be responsible for a portfolio of existing financial inclusion programs and partnerships as well as supporting the development of country strategies.
• She / he will be expected to interact effectively with senior levels of partner organizations to advance the Foundation’s initiatives, while concurrently contribute to the Foundation’s country strategy development.
• She/ he will be expected to provide expertise to identify constraints that prevent systems from functioning effectively at the country level to promote MSME growth; including those constraints that prevent young people from developing skills relevant for work among MSMEs and that prevent MSMEs from accessing the finance, capacity and markets needed to grow; develop and design programs to support MSME start-ups and growth; and incorporate the MSME segment’s needs into country strategies.

Ways you can Contribute

• Identify challenges and opportunities facing MSMEs that can be unlocked through education, labour and financial systems to drive job growth.
• Provide expertise on MSMEs to support Foundation colleagues’ design and management of programs to scale country-level inclusive education, financial and labour systems in Africa.
• Provide perspective and expertise on emerging issues and trends in the Financial Inclusion field, the MSME sector and entrepreneurship growth in Africa.
• Manage current and future programs as appropriate; including programs in the rural and agricultural finance initiative and distill learnings for Foundation staff.
• Lead and supervise small teams of colleagues and/or junior experts by providing coaching and support necessary for success and growth.
• Communicate progress and learnings from projects to colleagues and the wider development community.
• Work closely with program and country teams to leverage synergies across programs and geographies.
• Build relationships with partner organizations, communities of practice, and global stakeholders.
• Represent the Foundation and collaborate with key internal and external audiences.
• Participate in governance activities related to programs, such as investment committees, advisory committees or other stakeholders to provide oversight or elevate and leverage learnings.
• Identify and overcome barriers to team effectiveness by sharing knowledge and learnings while offering insights and possible solutions to issues and/or program challenges.
• Contribute insights to the Foundation’s thought leadership on youth employment in Africa.

Who You Are

• Master’s degree or equivalent experience in Finance, Business, Development Economics and / or Financial Inclusion.
• Minimum 10+ years of experience in financing and non-financial support to MSMEs or new enterprises is highly preferred. This should include commercial experience and project management in enterprise business development, investing in and/or financing MSMEs in developing countries.
• Minimum 5 years of leadership and management experience including managing staff and coaching, mentoring and providing feedback.
• Strong understanding of MSME segments (from early stage startups to growth-stage SMEs) in Africa and the systemic challenges constraining their growth. Understanding of the role MSMEs can play in economic transformation and job creation.
• Experience with MFIs, banks or investment companies operational in Africa to finance SMEs.
• Experience living and working in Africa; knowledge of African social, economic and political contexts would be an asset.
• Possesses a strong understanding of the role of financial inclusion in economic growth and development in Africa. Understands systemic challenges to financial inclusion and best practices for addressing them.
• Strong budgeting skills with the ability to manage a large portfolio of assets.
• Strong ability to communicate progress and learnings from projects to colleagues and the wider development community.
• Astute ability to provide expert technical advice to program managers and implementers.
• Experience with global grant making, especially in designing market systems development programs. This experience may come from working in another funding organization, corporation or an NGO.
• Command of quantitative and qualitative business analytics.
• Excellent project management skills, including multi-stakeholder projects.
• Strong interpersonal skills with the ability to be flexible and adaptable.
• Proactive, engaged and a self-starter.
• Ability to work both independently and as part of a team.
• Proficiency in English, written and oral is required. Ability to speak a local language is highly preferred. French is an asset.
• Is willing to travel up to 40% of the time.
• You are flexible, adaptable, and able to execute a range of job duties and changing priorities.
• You possess excellent verbal, written, and presentation skills with the ability to articulate information to a variety of constituents across cultures.
• You possess professional maturity, sensitivity with different cultures, and impeccable integrity that exemplify the Foundation’s values.

Application Closing Date
Not Specified.

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