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Uncategorized, What's New in FSSI

Job Description

Portfolio management

1. Provide technical inputs in the setting of portfolio growth and quality standards and targets

2. Contribute to ensuring portfolio quality are within set standard and/or target

Credit Evaluation

1. Evaluate loan and deposit applications, the partners’ financial condition, credit worthiness and risks

2. Evaluate project proposals based on approved 3BL criteria and indicators

3. Appraise offered loan security and/or ensure property appraisal by licensed appraisers

4. Contact partners and other relevant informants and conduct field visits to validate information in the project application and gather additional requirements

5. Analyze risk and recommend project for approval or disapproval

Monitoring

1. Provide technical inputs in the regular 3BL monitoring of existing projects

2. Identify “red flags” / early signs of problem loan accounts and recommend measures to address the problems to prevent further deterioration

Risk Management

1. Identify potential and actual risks to FSSI investments

2. Conduct regular review of operational and compliance risks of assigned accounts

3. Conduct regular review of credit risk classification of assigned accounts

4. Recommend and implement timely and effective remedial measures

Perform other related tasks that may be assigned from time to time.

Qualification Requirements

Education                         

College degree preferably with background in Economics, Banking, Finance Business Management and Accounting

Experience                     

At least three (3) years working experience in related fields; has experience working on social enterprises, microfinance, cooperatives, gender and social inclusion, and projects that contribute to attaining the sustainable development goals

Required Skills             

Planning, research, economic analysis, market analysis, financial analysis, feasibility study, environmental assessment, social impact assessment, property appraisal, documentation, accounting, credit operation, remedial management, collection, IT skills

Interested applicants may tender an application letter addressed to the HR and Administration Manager with their curriculum vitae and submit to:

The HR and Administration Unit
Foundation for a Sustainable Society, Inc.
46-E Eugenio Lopez Street corner Samar Avenue
South Triangle, Quezon City

Deadline for submission of application is 27 March 2020. FSSI will reply to shortlisted applicants only.

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What's New in FSSI

JOB SUMMARY

Directly in charge of the Foundation’s financial resources for operations: governance bodies (General Assembly, Board of Trustees and committees), management and secretariat (FSSI management and staff), and general administration.

The Finance Manager is responsible for accounting and internal control of the Foundation’s assets and real properties (including resources acquired from its development financing operations), commercial portfolio, and cash resources and account maintenance.

Key Result Areas

1. Budgeting/ Budget Monitoring

2. Accounting and Internal Control

3. Monitoring of Investments & Performance of Fund Managers of the Commercial Portfolio

4. Custodianship

5. External Audit

6. Monitoring of Financial Assets Acquired and Accounts Recovery

7. Unit Administration

8. General Coordination and/ or BOT/ Committee Secretariat

Qualification Requirements

Education

Bachelor’s degree in Accounting and a Certified Public Accountant

Experience

At least 5 years experience in comptrollership, treasury/ cash management, investments and credit management in a supervisory capacity.

Competencies Required

Technical Competencies

Proficient in the use of utilizing software applications on numbers processing and spreadsheets software 

Working knowledge of banking, labour and taxation laws and rules, accounting principles; current economic market conditions;

Accounting and bookkeeping principles and practices;

Fund management and budgeting skills

Financial analysis, monitoring and evaluation

Project Management Skills

Cost – Benefit Analysis Skills

Partnership Building and Networking Skills

Proficient in the use of MS Office applications

Interested applicants may tender an application letter addressed to the HR and Administration Manager with their curriculum vitae and submit to:

The HR and Administration Unit
Foundation for a Sustainable Society, Inc.
46-E Eugenio Lopez Street corner Samar Avenue
South Triangle, Quezon City

Deadline for submission of application is 03 April 2020. FSSI will reply to shortlisted applicants only.

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What's New in FSSI

In view of the implementation of the community quarantine in NCR due to COVID-19, the Foundation for a Sustainable Society Inc. (FSSI) will observe an alternative work scheme to ensure the safety and welfare of our staff and their families and, at the same time, maintain basic office operations to continue to serve our social enterprise partners.

We will continue to assess the situation and make adjustments as needed. For urgent concerns, you may reach us at (+632) 8928 8422 or at fssi@fssi.com.ph.

Thank you for your cooperation and keep safe!

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What's New in FSSI

Foundation for a Sustainable Society, Inc. (FSSI) invites interested parties to participate in a bidding of one (1) unit of Toyota Grandia (Model 2013) on an “as is-where is” basis as indicated below:


Offers to buy the vehicle shall be made through sealed bids using the prescribed form (Annex A).  Sealed bids must be received in the FSSI Office not later than 18 October 2019, Friday, at 12:00 noon.


Bids shall be opened on 18 October 2019, Friday, at 3:00 in the afternoon in the presence of a representative from the Finance Unit, the HR and Administration Unit and the Executive Director. Sale of the vehicle shall be awarded to the highest bidder subject to the Terms and Conditions.


Terms and Conditions:


  • ACCEPTANCE – FSSI shall inform the winning bidder of the acceptance of their offer within five (5) days after the closing date.
  • PAYMENT TERMS – Full payment shall be made by the winning bidder within seven (7) days of such notification.  Alternatively, s/he may make an initial payment equivalent to at least 25% of the bid/price.  The payment of the balance shall be made within fourteen (14) days of the initial payment.  Full payment is required for the pull out of the vehicle from the FSSI premises.
  • CONDITION- The property listed offers “as is-where is”. FSSI makes no warranty express or implied, as to the condition of the property or its fitness for any use or purpose.
  • REMOVAL-  The Purchaser, upon acceptance of this offer by FSSI, shall at their expense, remove the vehicle, under the supervision of the HR and Administration Unit of FSSI within fifteen (15) days after the notification referred to in item (1) above.
  • FAILURE TO PAY OR REMOVE- Should the purchaser fail to pay for the vehicle in accordance with item (2) above or fail to remove the vehicle in accordance with item (4) above, FSSI, without prejudice to other remedies, may cancel the contract without notice to the Purchaser and retain as liquidation damages any deposit or amount paid on account of the property. The Purchaser shall lose all claim to and interest in the property and may be held responsible for all loss, cost, and expense incurred by FSSI due to the Purchaser’s fault.
  • TAX – The Purchaser shall pay any applicable duties and taxes that may be liable as a result of the sale of these goods.
  • DAMAGE TO PROPERTY – The Purchaser shall be responsible for any damage to property resulting from the removal of the property sold.
  • FSSI does not assume any liability for injury or loss incurred in the inspection, removal, use or handling of the vehicle listed on the Bid Form.
  • FSSI reserves the right to accept or reject any bid.

Download form here: https://fssi.com.ph/fssi_toyota-hi-ace-bid-form/


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What's New in FSSI

Duties and Responsibilities


REMEDIAL

Planning and system development

  1. Provide technical inputs on over-all strategies to reduce portfolio risks that include but are not limited to preventive, collection, litigation and statutory strategies
  2. Adopt procedures in the management and disposal of real and other properties acquired or surrendered

Portfolio management

  1. Provide technical inputs in the setting of portfolio growth and quality standards and target
  2. Contribute to ensuring portfolio quality are within set standard and/or target

Collection

  1. Manage and take custody of hardened and written off accounts
  2. Develop and adopt effective collection strategies and alternatives in the collection of hardened accounts and in the recovery of written-off accounts
  3. Implement collection schedules and strategies

Asset management

  1. Manage and take custody of real and other properties acquired or surrendered
  2. Ensure timely disposal of real and other properties acquired or surrendered based on fair market price

CREDIT (secondary)

Project Appraisal

  1. Review loan applications, the partners’ financial condition, creditworthiness and risks
  2. Appraise project proposals based on approved 3BL criteria and indicators
  3. Appraise offered loan security and/or ensure property appraisal by licensed appraisers
  4. Contact partners and other relevant informants and conduct field visits to validate information in the project application and gather additional requirements
  5. Analyze risk and recommend project for approval or disapproval

Documentation

  1. Prepare financing contracts and other documentation
  2. Ensure full compliance in documentation of securities
  3. Ensure that conditions for fund release and other conditions set for the duration of the project are fully complied with and documented
  4. Ensure timely release of funds for loan drawdowns or deposits
  5. Facilitate documentation of release of loan security after full settlement of an account

Monitoring

  1. Monitor and maintain updated credit records of assigned accounts\
  2. Call the attention of responsible persons in case of any discrepancy or lapse in the financing contract

Risk management

  1. Identify potential and actual risks to FSSI investments
  2. Conduct regular review of operational and compliance risks of assigned accounts
  3. Conduct regular review of credit risk classification of assigned accounts
  4. Recommend and implement timely and effective remedial measures

Qualifications:


Education:                   


College degree preferably with background in Economics, Banking, Finance Business Management and Accounting


Experience:                


Required Skills:           


At least three (3) years working experience in related fields; has experience working with MSME, social enterprises, microfinance institutions cooperatives and non-government organizations

Planning, research, economic analysis, market analysis, financial analysis, feasibility study, property appraisal, documentation, accounting, credit operation, remedial management, collection, litigation, asset management, asset disposal, communication, IT skills

Interested applicants may tender an application letter addressed to the HR and Administration Manager, and together with their curriculum vitae, submit to:


The HR and Administration Unit

Foundation for a Sustainable Society, Inc.

46-E Eugenio Lopez Street corner Samar Avenue

South Triangle, Quezon City

fssi.recruitment@gmail.com


The deadline for submission of application is on 20 October 2019.

FSSI will reply to shortlisted applicants only.

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What's New in FSSI

ONE PH’s “Tayo-Tayo” featured FSSI Executive Director Mr. Sixto Donato C. Macasaet and LiveGreen President and CEO, Mr. Paris Uy during the teleradyo’s episode about sustainable communities on July 20, 2019.



Hosted by environmental lawyers Atty. Niner Guiao and Atty. Aya de Leon, the whole interview can be viewed at

https://www.youtube.com/watch?v=qzHh278o9lk&fbclid=IwAR157HUGClyZwj-HmTZ_D4zoaBgNBN1GtvSFARE1CBe60E6eRKffxmxhX_c



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What's New in FSSI
On May 29, 2019, the Foundation for a Sustainable Society Inc. (FSSI) and its members and partners gathered in Quezon City for the Foundation’s 30th General Assembly, with the theme “Braving Challenges, Sustaining Enterprises.”
FSSI’s board of trustees, representatives of FSSI’s member organizations, staff and social enterprise partners during the 30th General Assembly with the theme, “Braving Challenges, Sustaining Enterprises.”

On May 29, 2019, the Foundation for a Sustainable Society Inc. (FSSI) and its members and partners gathered in Quezon City for the Foundation’s 30th General Assembly, with the theme “Braving Challenges, Sustaining Enterprises.”


The morning session was filled with insightful discussion as resource speakers Ms. Rosalina Dulabay of the Malabog Integrated Enterprises Development Cooperative (MIEDECO) of Davao City, Mr. Freddie Langpaoen of the Self-Reliant Team of La Trinidad Cooperative (SRT Co-op) of Benguet, and Ms. Christie Rowena Plantilla of the Federation of Peoples’ Sustainable Development Cooperative (FPSDC) shared their organization’s experiences and lessons learned in overcoming challenges, as well as using these challenges as opportunities for innovation.


“We cannot do away with organizational problems or challenges as these are necessary ingredients of success,” shared Langpaoen as he recalled how their first few years were the most challenging. “So if you are faced with such, do not easily give up, hold on, and stand your ground,” he said.


FSSI Executive Director Sixto Donato C. Macasaet noted that the beginnings of the three cooperatives may be different, but they all performed similar strategies to sustain their enterprises. He summed these up as 1) Shared ownership, 2) Strong leadership, 3) Service that bring satisfaction to members and customers, and 4) Strong support network. 


During the afternoon session, FSSI Board Chairperson Norman Joseph Jiao, Treasurer Sylvia Paraguya and the chairpersons of FSSI committees gave updates and reports on the Foundation’s accomplishments for 2018. FSSI subsidiaries Pilipinas Ecofiber Corporation (PEC) and Cocobind, Inc. also reported their performance in the past year.


“We have weathered a challenging year and we look forward to a brighter future,” said Jiao. “This year, we will be evaluating our 2017-2019 MTDP and draft our new strategic plan. We hope that the challenges we braved in 2018 and the reforms we have instituted will bring us to the achievement of our mission of providing social investments to vulnerable communities to achieve sustainable development,” he added.


The afternoon Business Session was followed by the election of new members of the Board of Trustees and of the Good Governance Committee (GGC). The Philippine Business for Social Progress (PBSP), Mindanao Coalition of Development NGO Networks (MINCODE), and National Council of Churches in the Philippines (NCCP) join the Association of Foundations (AF), Federation of People’s Sustainable Development Cooperative (FPSDC), National Confederation of Cooperatives (NATCCO), and Philippine Cooperative Central Fund Federation (PCF) as new members of the Board. Meanwhile, Mindanao Alliance of Self-Help Society, Inc. – Southern Philippines Educational Center for Cooperatives (MASS-SPECC) and National Secretariat for Social Action (NASSA) were elected as new members of the GGC.


The Assembly also expressed its gratitude to Ms. June Rodriguez of CONVERGENCE, Ms. Agnes Bolanos of MINCODE, and Mr. Lauro Millan of NCCP, who completed their term as Board members.



The following are the officers and members comprising the new Board of Trustees:



Chairperson: Norman Joseph Jiao (Representing AF)


Vice Chairperson: Lauro Millan (Representing NCCP)


Corporate Secretary: Christie Rowena Plantilla (Representing FPSDC)


Treasurer: Sylvia Paraguya (Representing NATCCO)


Auditor: Betta Socorro Salera (Representing PCF)


Member: Agnes Bolanos (Representing MINCODE)


Member: Reynaldo Antonio Laguda (Representing PBSP)


Pictures of the General Assembly are available at https://www.facebook.com/pg/FSSI.Philippines/photos/?tab=album&album_id=2339955436050114

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What's New in FSSI

Agriculture-based micro, small, and medium enterprises (MSMEs) in the country can expect more support from the government with the launch of the Rural Agro-enterprise Partnership for Inclusive Development and Growth (RAPID Growth) project. 


RAPID Growth Project Steering Committee members led by DTI Sec. Ramon Lopez (6th from left) and IFAD Country Director Alessandro Marini (7th), along with FSSI Exec. Dir. Sixto Donato Macasaet (3rd). DTI Usec Fita Aldaba (4th), DTI Usec. Abdulgani Macatoman (8th), RAPID Growth Project Director Edwin Banquerigo (10th), RAPID Growth Project Manager Terry Tuason (11th), and DTI Director Lydia Guevara (12th).

RAPID Growth is a 4.7-billion peso business initiative supported by the International Fund for Agricultural Development (IFAD).  It seeks to achieve inclusive and sustainable economic development for rural farming communities in the country through partnership with MSMEs.


“RAPID Growth project goes to the heart of what we are doing at DTI: linking farmers and businesses. And by promoting the microenterprises or those in the bottom of the pyramid, we are empowering the nation,” said Department of Trade and Industry Secretary Ramon Lopez during the project’s kick off on May 24, 2019, at the World Trade Center.


RAPID Growth will primarily target small farmers and micro-entrepreneurs engaged with four identified value chains which have valuable social features and the potential to provide sustained economic benefits. These are the cocoa, coffee, processed fruits and nuts, and coconut industries.  It is set to be initially implemented in 20 target provinces from Regions 8 to 13.


Among the interventions to be implemented are direct assistance to enterprises, including provision of conditional matching grants and partnership/coordination for the rehabilitation of farm-to-market roads; institutional strengthening; technical assistance to financial service providers; innovation fund; and management, monitoring and evaluation.


IFAD Country Director Alessandro Marini said poor families from local communities now have a better chance to increase their income level, improve their social status, and participate in the global value chain since RAPID Growth makes the agri-enterprise ecosystem “more inclusive and competitive.” 


Also held at the RAPID Growth launch was the signing of the pledge of commitment by the Project Steering Committee (PSC), composed of leaders and representatives from the government, agricultural, trade, finance, private sector, farmers’ organizations and MSMEs. The PSC, led by the DTI Secretary, will provide overall guidance and oversight to ensure that the RAPID programming is aligned on national sector priorities. The committee held its first meeting on May 23, 2019, at the DTI office in Makati.


The RAPID Growth project is set to be initially implemented in 20 traget provinces in Regions 8 to 13.

“We are excited for this opportunity for our small farmers and MSMEs. Not only do we help them grow, we also empower local communities, including the unemployed and under-employed rural women, youth and indigenous people,” said Foundation for a Sustainable Society Inc. (FSSI) Executive Director Sixto Donato C. Macasaet.


FSSI is among the members of the RAPID Growth PSC.  FSSI aims to facilitate social investments that lead to triple bottom lines in terms of economic viability, ecological soundness, and social equity.


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What's New in FSSI

On May 17, 2018, FSSI gathered its members and network partners for the Foundation’s 29th General Assembly themed as, “Building Stronger Communities through Sustainable Social Enterprises.”


The morning session was filled with insightful discussion as Assistant Secretary Antonio Joselito Lambino II of the Strategy, Economics and Results Group of the Department of Finance shared about the economic situation, the Tax Reform for Acceleration and Inclusion (TRAIN) Law and other reforms that pose opportunities and challenges for social enterprises.


During the afternoon session, FSSI Board Chairperson Oyen Dorotan, Treasurer Larry Millan and the Chairpersons of the FSSI committees gave updates and reports on the Foundation’s accomplishments for 2017. FSSI subsidiaries Pilipinas Ecofiber Corporation (PEC) and Cocobind, Inc. also reported on their performance in the past year. This was followed by the election of new members of the board of trustees and of the Good Governance Committee (GGC).


Former FSSI Executive Director (ED) Jay Bertram Lacsamana was recognized for his service and new ED Sixto Donato C. Macasaet was welcomed by the FSSI members. Finally, the Assembly expressed its gratitude to outgoing Chairperson Dorotan, who had completed her second and final term as a Board member.


The following are the officers and members comprising the new Board of Trustees:


Chairperson: Norman Joseph Jiao (Representing AF)
Vice Chairperson: Lauro Millan (Representing NCCP)
Corporate Secretary: June Rodriguez (Representing CONVERGENCE)
Treasurer: Sylvia Paraguya (Representing NATCCO)
Auditor: Betta Socorro Salera (Representing PCF)
Member: Agnes Bolanos (Representing MINCODE)
Member: Christie Rowena Plantilla (Representing FPSDC)

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What's New in FSSI

Under the Protect Wildlife project, USAID signed a Memorandum of Understanding with Foundation for a Sustainable Society, Inc. (FSSI) for implementing social enterprise activities and involving beneficiaries as active partners in conservation. By providing financing and capacity building to selected social enterprises, the partnership envisions increased productivity in project sites and reduced threats to biodiversity and wildlife.


FSSI will leverage its loan portfolio to give access to financial services and grants and provide business development support to conservation-linked social enterprises where the triple bottom line of economic, environmental and social development gains are integrated and can be met. USAID Protect Wildlife will provide technical and capacity-building support to beneficiaries, particularly in developing a responsive and action-oriented training program for social entrepreneurship.


Since 1995, FSSI has been fostering sustainable growth in communities across the Philippines by establishing and strengthening social enterprises and creating a conduce environment for social entrepreneurship in the country. FSSI seeks to apply innovative solutions for biodiversity conservation and environmental protection with projects that support forest conservation, coastal resource management and organic production.


(Article written by USAID for USAID Manila Environment Office Weekly Update, August 24, 2018)

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