Consultancy Needed - Consultant for HANWHA/Financial Literacy Project Baseline

Programme & Policy

Overview

Conduct a comprehensive baseline study on youth financial literacy.

You have:

• Designing and conducting assessment and baseline using in development setting
• Conducting research and/or evaluation in the field of financial literacy
• Leading socio-economic research, evaluations or consultancy work in Indonesia sensitive to local context
• Conducting ethical and inclusive research involving marginalized and vulnerable groups
• Demonstrated experience in playful and child-youth led approaches in research
• Extensive experience of theories of change and carrying out evaluations
• Report writing and presentation skills
• Managing and coordinating a range of government and non-government initiatives

Background

Indonesia’s rapid economic and digital financial growth has created new opportunities for youth but also increased risks such as online fraud, illegal lending, and poor financial decision-making. However, financial literacy among adolescents remains low. In response, Hanwha Life Insurance, in partnership with Save the Children, proposes the project "Future Youth Plus Indonesia, Youth Financial Literacy Program” The initiative aligns with Indonesia’s National Strategy for Financial Literacy (SNLIK 2021–2025) and aims to strengthen youth financial knowledge, skills, and responsible financial behaviors through a collaborative ecosystem involving schools, universities, and national stakeholders.

The project will be implemented from March 2026 to February 2027 (TBC) in Bandung, West Java, focusing on vocational high schools. It will adopt a holistic approach to strengthening youth financial literacy by engaging vocational high schools, universities, government institutions, and private sector partners in a coordinated system. Through the co-development of contextualized financial literacy modules, teacher capacity building, youth champion development, and mentorship from university students at SBM ITB, the project promotes peer-to-peer knowledge sharing among young people. By combining youth-led initiatives at school level and institutional collaboration with national stakeholders, the initiative aims to embed financial literacy within school systems while cultivating a new generation of financially responsible youth leaders.

Prior to implementation of the project, Save the Children Indonesia would like to conduct an assessment of the current situation of youth financial literacy, including existing knowledge, behaviors, and exposure to financial education, as well as to identify key gaps, risks, and challenges within the current curriculum and learning ecosystem. The findings will serve as a foundation to inform the design, contextualization, and development of relevant financial literacy modules, ensuring that the program interventions are evidence based, targeted, and responsive to the needs of vocational high school students, teachers, and other stakeholders.

Objective of the Assignment

• To conduct a comprehensive baseline study to assess the current level of financial literacy among vocational high school students, teachers, and relevant stakeholders, including their knowledge, attitudes, and financial behaviors.

• To analyze existing financial education practices and systems within schools and identify gaps, strengths, and opportunities for integrating financial literacy into the current curriculum and learning environment.

• To assess the risks and contextual challenges related to youth financial behaviors, particularly in the context of digital finance, such as exposure to online fraud, illegal lending, and unsafe financial practices.

• To generate evidence based insights and recommendations that will inform the design, adaptation, and development of financial literacy modules, toolkits, and program strategies.

• To establish baseline data and indicators that will be used as a reference point for monitoring, evaluation, and measuring project outcomes and impact over time.

• To assess the key strengths, limitations, and gaps in current government financial literacy (FinLit) modules and programs particularly in meeting the needs of students and educators.

Scope of Work

The baseline assessment will focus on understanding the current status, gaps, and contextual challenges related to youth financial literacy prior to the implementation of the project in Bandung, West Java. It will serve as a reference point for future comparison with endline findings and support evidence based program design. Specifically, the baseline assessment will cover :

• Assessment of the current level of financial literacy among vocational high school students and teachers, including knowledge, attitudes, and financial behaviors

• Analysis of exposure to and risks associated with digital financial practices among youth, including vulnerabilities to online fraud, illegal lending, and unsafe financial decision-making.

• Assessment of the existing school ecosystem and education system, including the availability and integration of financial literacy content within the curriculum, teaching practices, and institutional support mechanisms.

• Voices and perspectives of students and teachers, capturing their experiences, perceptions, and challenges related to financial literacy and financial decision making in their daily lives.

• Feedback from key stakeholders, including teachers, school management, and relevant partners, to assess current knowledge, attitudes, and practices, as well as readiness to support the integration of financial literacy into school systems.

• Identification of key gaps, needs, and opportunities, to inform the development of contextualized financial literacy modules, learning toolkits, and overall program intervention strategies.

• Identification of the key strengths, limitations, and gaps in current government financial literacy (FinLit) modules and programs particularly in meeting the needs of students and educators.

Expected Deliverables:

• Inception report.

• Data collection tools.

• Raw data collected (i.e recordings, transcript, evidence matrix).

• Power Point summary for internal presentation and dissemination.

• Final Report.

Deliverable Language: English and Bahasa

Reporting Line and Coordination

The consultant will report directly to Advocacy and Campaign REALM Coordinator under the REALM Team of Save the Children Indonesia (SCIDN). The National Evidence and Learning Manager/Evidence Learning Specialist will oversee day to day coordination, review all deliverables, and ensure the study aligns with organizational standards, child safeguarding, and ethical research principles. Regular progress updates will be provided through bi weekly meetings or written reports, with the REALM Team consolidating feedback from relevant units, including Head of Integrated Programming, Technical Advisor. National Evidence and Learning Manager/Evidence Learning Specialist will provide technical guidance, review key deliverables, and validate findings.

Required Qualifications and Experience / Kualifikasi yang Dibutuhkan

Academic qualification & technical expertise

• Designing and conducting assessment and baseline using in development setting

• Conducting research and/or evaluation in the field of financial literacy

• Leading socio economic research, evaluations or consultancy work in Indonesia that is sensitive to the local context and culture, particularly financial literacy issue

• Conducting ethical and inclusive research and/or evaluation involving marginalised, deprived and/or vulnerable groups in culturally appropriate and sensitive ways

• Demonstrated experience in applying playful and child-youth led approaches in research or evaluation contexts, preferably within child rights or education programs.

• Demonstrated familiarity with participatory and child - youth friendly methodologies to ensure meaningful engagement of children and adolescents.

• Conducting child – youth participatory research involving children – youth in age appropriate ways and following ethical standards

• Managing and coordinating a range of government and non government.

• Extensive experience of theories of change and how they can be used to carry out evaluations

• Report writing and presentation skills

There is a high expectation that:

• Members (or a proportion) of the evaluation team have a track record of working together.

• A team leader will be appointed who has the seniority and experience in leading complex evaluation projects, and who has the ability and standing to lead a team toward a common goal.

• The team has the ability to commit to the terms of the project, and have adequate and available skilled resources to dedicate to this evaluation over the period.

• The team has a strong track record of working flexibly to accommodate changes as the project is implemented.

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Potential interview questions

Added 23 days ago - Updated 13 days ago - Source: savethechildren.net