Financial Inclusion Specialist Job Vacancy in Asmara, Eritrea – International Development

Job Description

Position: Financial Inclusion Specialist

Company: World Bank

Location: Asmara, Eritrea

Experience: 3-5 years in financial services, microfinance, or development finance

Education: Bachelor’s degree in Finance, Economics, Business Administration, or related field

Employment Type: Full-time

Industry: International Development

Department: Financial Inclusion and Market Development

Salary: SSP 150,000 – SSP 250,000 per month

Vacancies:1

Company Overview

The World Bank is a global development institution dedicated to reducing poverty and supporting sustainable development worldwide. With a strong presence in Africa, the Bank collaborates with governments, private sector partners, and civil society to design and implement projects that foster inclusive economic growth. In Eritrea, the World Bank works closely with the Ministry of Finance and Development to improve access to financial services for underserved populations. For more information about our mission and impact, visit our portal at https://eritreajobsearch.com.

Our commitment to transparency, innovation, and results-driven solutions makes us a preferred employer for professionals seeking to make a tangible difference in emerging markets. As part of our team in Asmara, you will join a diverse group of experts dedicated to advancing financial inclusion across the Horn of Africa.

Job Overview

The Financial Inclusion Specialist will lead the design, implementation, and monitoring of initiatives that expand access to affordable credit, savings, and payment services for low‑income individuals and small businesses in Eritrea. This role involves close collaboration with local banks, microfinance institutions, fintech startups, and regulatory bodies to create an enabling environment for inclusive finance. You will also contribute to the development of policy recommendations and capacity‑building programs that align with the World Bank’s strategic objectives.

Successful candidates will play a pivotal role in shaping the financial landscape of Eritrea, ensuring that vulnerable groups can participate fully in the economy. Detailed information about similar roles can be found at https://gambiajobsearch.com/.

Key Responsibilities

• Conduct market assessments to identify gaps in financial services for underserved segments.
• Design and pilot innovative financial products, such as micro‑loans, mobile money solutions, and digital savings platforms.
• Engage with regulatory authorities to promote policies that support fintech innovation and consumer protection.
• Provide technical assistance and training to local financial institutions on best practices in inclusive lending.
• Monitor and evaluate program outcomes, preparing comprehensive reports for stakeholders and donors.
• Collaborate with World Bank teams across sectors to integrate financial inclusion components into broader development projects.

Required Skills

• Strong analytical abilities with experience in data‑driven decision making.
• Excellent communication and stakeholder‑engagement skills.
• Proficiency in financial modeling and impact assessment tools.
• Knowledge of microfinance, digital payments, and regulatory frameworks in emerging markets.
• Ability to work independently and as part of a multidisciplinary team.
• Fluency in English; knowledge of Arabic or Tigrinya is an advantage.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, Development Studies, or a related discipline is required. Advanced degrees (e.g., Master’s or PhD) or professional certifications such as CFA, FRM, or equivalent are highly desirable.

Experience

Applicants should have a minimum of three to five years of relevant experience in financial services, microfinance, development finance, or a comparable field. Experience working in East Africa or with international development agencies will be considered a strong asset.

Salary

The position offers a competitive salary range of SSP 150,000 to SSP 250,000 per month, commensurate with experience and qualifications. Additional performance‑based incentives may be provided.

Benefits

• Comprehensive health insurance covering medical, dental, and vision care.
• Retirement savings plan with employer contributions.
• Generous paid leave, including annual, sick, and parental leave.
• Professional development allowance for conferences, certifications, and training.
• Relocation assistance for candidates moving to Asmara.

Training

• Orientation program on World Bank policies, values, and operational procedures.
• On‑the‑job training in financial inclusion strategies and project management.
• Access to e‑learning platforms and mentorship from senior experts.
• Opportunities to attend regional workshops and knowledge‑sharing events.

Working Environment

The role is based in a modern office in downtown Asmara, offering a collaborative and inclusive workplace. Employees benefit from flexible working hours, a supportive team culture, and state‑of‑the‑art technology that facilitates remote collaboration when needed.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their motivation and relevant experience through our online portal. Applications will be reviewed on a rolling basis until the position is filled. For detailed application instructions, please visit https://algeriajobsearch.com/.

Equal Opportunity Statement

The World Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of race, gender, age, disability, religion, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.