Summary
Date Posted: Thursday, September 24, 2020 , Base Salary: Not Disclosed

JOB DETAILS:
Credit Scorecard Consultant
The purpose of FINCA is to be an unconventional community- based bank that profitably and responsibly provides innovative and impactful financial services to enable low income individuals and communities to invest in their futures.
We are changing the way we do business through the implementation of a new hybrid, "tech touch" business model which will better serve our clients while reducing costs and managing risks. Although we are changing our business model, our commitment to sustainably and responsibly provide the financial services necessary to catalyze the economic and social well-being of our clients remains unchanged. To fulfill that commitment, FINCA must be efficient and sustainable while placing the client at the center.
FINCA Uganda is now looking to develop a custom Credit Bureau Score, specifically for FINCA clients applying for a loan for the first time. Key focus of the project will be to distinguish between different customer segments and adjust scoring rules accordingly.
FINCA Uganda is therefore seeking for a consultant to develop a custom credit bureau Score
Scope of work:
The selected consultants is expected to develop a Custom FINCA Bureau Score. The final scorecard will be FINCA‘s intellectual property. .

Specific objective:
• Development of Custom FINCA Bureau Score using data from both credit bureaus, Compuscan and Metropol.
• The Custom FINCA Bureau score should be calculated if data is received from either credit bureau.
• Only variables available from both credit bureaus can be used for development
• Differences in data and variables should be analyzed to ensure the final model will give the same result independent of bureau used.
• This model will be used to score NEW FINCA clients, therefore the model should be developed on NEW FINCA client data as at the time of first application. Repeat FINCA clients should not be included in the development sample.
• Segmentation of FINCA clients should be investigated, specifically agricultural clients should be analyzed separately.
• Development should be done in a staged approach with sign-off at each stage by FINCA team.

Qualifications of the Consultants:
The consultant directly responsible for development of the model, should have the following qualification and experience:
• University degree in area of Mathematics, Statistics, Computer Science, Actuarial Science or other relevant courses.
• At least 10 years‘ work experience within financial services industry, including work experience within credit risk environment, specializing in development of statistical predictive models used for credit underwriting.
• Exposure to various scoring models with proven experience in delivering the following type of scorecards:
1. Development, implementation and monitoring of application scorecards
2. Development, implementation and monitoring of behavioral is corecards
3. Development, implementation and monitoring of custom bureau scorecards
4. Experience delivering multi-bureau scorecards
• We expect consultants to share references / proof of delivery of services above.
• Ability to use analytical tools/ scorecard development software to ensure accurate statistical methods are used in creation of statistical model. With the ability to present and explain calculations in a transparent manner, no ‘black-Box‘ approaches will be accepted.
• Background understanding of credit life cycles, credit strategies and credit bureau data
• Experience working within Africa markets, including experience working with different credit bureau data and Micro Finance Institutions {MFII within African context, would be advantages

Job Education: University degree

Job Experience:10 years

Work Hours: 8

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Job application procedure
All intending and qualifying consultants shall request for the full terms of Reference by mail from the address below or obtain from
https://www.finca.ug/news-press/credit-bureau-scorecard/
The proposals must be submitted in a sealed envelope but separate
Technical from Financial to;
The chairperson Procurement Committee
FINCA Uganda,
Plot 11 B Acacia Avenue, kololo,
Kampala
Or
Submit in a soft copy by email lo; francis.turinawe@fincug.org  or
joel.odokola@fincug.org 
Note: if you are sending by soft copy, your proposal must be password protected and the password should be sent separately to; Evelyn.Ezaru@fincaug.org
Submission Deadline
Please submit your proposal not later than close of business on 15th October 2020

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