Summary
Date Posted: Monday, September 12, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Kenya Investment Mechanism – Finance and Operations Intern
Background
KIM is a USAID funded project that is designed to unlock $520 million in investment for key sectors of Kenya’s economy, including agriculture; horticulture, dairy, and livestock (supported by Feed the Future), energy (supported by Power Africa), regional trade and investment opportunities (supported by the Prosper Africa initiative), women-owned businesses as well as in the WASH, health, and infrastructure sectors. KIM addresses constraints on both the supply and demand sides of investment transactions and is building a market system that will mobilize substantial capital from the public and private sectors. By building local partnerships among stakeholders in the financial system, KIM is stimulating the power of the private sector to accelerate Kenya’s journey to self-reliance.
KIM addresses two principal market failures that have discouraged investors from financing important segments of the targeted sectors: (i) insufficient quality consulting services (financial, transaction advisory, strategy, and business performance); and (ii) limited scalability of financial products tailored to selected key sectors of the economy in the region. KIM provides capacity building support to both business advisory service providers (BASPs) and Financial Institutions (FIs). KIM uses smart incentives to mobilize finance for development in the targeted sectors. These incentives are designed to create a sustainable ecosystem for businesses to access finance and investments needed to expand and grow. Business transactions are further supported by a diverse range of sustainable partnerships--with and among strategic businesses, institutions, government counterparts (county and national) and other development partners. These partnerships will lead to scaling and replicating creative approaches to unlock finance and investments, reduce risks of extending credit to the agriculture and energy sectors, and offer testing of innovative business models that can be scaled.
The Palladium Group
Palladium is the implementing organization behind KIM. As a global leader in the design, development, and delivery of Positive Impact, Palladium creates enduring social and economic value. We work with foundations, investors, governments, corporations, communities, and civil society to formulate strategies and implement solutions that generate lasting social, environmental, and financial benefits.
For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved - and is committed to continuing to improve - economies, societies and most importantly, people's lives.
Objectives
The KIM program activities include international action of incorporating a Gender and Youth Lens to provide youth with development finance experience as well as ensure inclusion of gender and youth considerations on investments processes. These positions are available in the KIM’s office based in Nairobi and is open to Kenyan Citizens below the age of 35 years and seeking to fulfill the experience requirement for respective job needs. For qualified, motivated applicants, these positions offer exposure to virtually all facets of M&E systems and Operational and Financial Management.

Responsibilities
• Support preparation of payment approval forms for invoice processing ensuring all documentation is attached.
• Review procurements, budgets, reports, and other documents to ensure compliance with relevant policies and procedures
• Provide support on human resources management comprising of scheduling interviews, documentation, reference check and compiling selection panel reports.
• Track office consumables ensure replacement and monitor monthly consumption.
• Compile procurement documentation including utilities and ensure documentation is complete prior to submission for payment processing.
• Support in updating asset and inventory register on regular basis,
• Assist in management of electronic and physical document registry including filing and retrieval of supporting documents.
• Participate in coordinating office meetings and offsite meetings.
• Any other task relevant to this scope that may be determined from time to time.
Entry Requirements
The minimum requirement for this role includes:
• Graduate degree within the last 2 years from any of the following courses: Commerce (Finance or Accounting), Business Administration, Statistics, Research, CPA – K, Economics, or related courses
• Must be proficient in Excel and Word and be comfortable in Microsoft software environment,
• Ability and maturity to interact with key staff and c-suite level officials
• An application letter narrative how the candidate would benefit from a program of this nature
• Excellent written and verbal communication skills, in English
• Exceptional organization skills and attention to detail
Duration of internship; - 3 months with possibility of renewal.
No of interns needed; 1
Other Engagement terms
• The Interns will agree to operate under the values and ethics of the Palladium and KIM project.
• A certificate of participation/recommendation will be issued by the KIM upon successful completion of the program.

Applicants are required to submit their applications no later than September 13, 2022, at 11:59 PM EAT

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

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