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Senior Investment Advisor LDCIP Consultant - Long-Term Agreement
|Advertised on behalf of :|
|Location :||home base with travel, UNITED STATES OF AMERICA|
|Application Deadline :||03-May-19 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English|
|Duration of Initial Contract :||1 year|
|Expected Duration of Assignment :||up to 3 years|
UN Capital Development Fund (UNCDF) makes public and private finance work for the poor in the world’s 47 least developed countries. With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. UNCDF’s financing models work through two channels: financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and by showing how localized investments—through fiscal decentralization, innovative municipal finance, and structured project finance—can drive public and private funding that underpins local economic expansion and sustainable development. By strengthening how finance works for poor people at the household, small enterprise, and local infrastructure levels, UNCDF contributes to SDG 1 on eradicating poverty and SDG 17 on the means of implementation. By identifying those market segments where innovative financing models can have transformational impact in helping to reach the last mile and address exclusion and inequalities of access, UNCDF contributes to a number of different SDGs.
Approximately US$1.7 trillion flows from the developed world to the developing world from a diversified set of actors and with equally distinct motivations, ranging from purely philanthropic to market-rate return on investments. By being innovative in the way development assistance is deployed it can have the potential to extend the reach and effectiveness of the aid through for example the complementary deployment of private capital i.e. by blending public and private funds for enhanced development results. The development assistance then has the potential to expand the pool of foreign and domestic capital available for economic development for e.g. small and medium enterprises, agriculture, infrastructure and key public services.
UNCDF can use a combination of grant, reimbursable grant, loans, guarantees and/or technical assistance to support early stage businesses, SMEs, projects, microfinance institutions and municipal investments. Up till today UNCDFs use of loans and guarantees is growing and there is now an ambition to make better use of these financial instruments and the last year has seen a steep increase in the issuance of loans and guarantees. UNCDF work to provide access to finance by using a range of financial products is available to all segments of society, at a reasonable cost, and on a sustainable basis. One objective is now to set up a joint fund with a third-party fund manager to attract other type of capitals to UNCDF’s pipeline of projects. UNCDF may also try to offer its advisory services to other UN agencies without the mandate to do loans and guarantees.
Given its value added in advancing the Sustainable Development Goals agenda particularly in Least Developed Countries, UNCDF is on the road to expanding its capital investment mandate by optimizing its funding architecture to catalyze more funding from both official and private sources.
The LDC Investment platform team reports directly to the Executive Secretary but supports the two operational divisions within UNCDF in their due diligence of transactions. Independently the LDC Investment platform provide a credit opinion to the Impact Investment Committee. Consequently, the team balances between being a support function to the loan officer in the field, and an independent credit risk function within the organization.
The LDC investment platform is now looking for one Senior Investment Advisor with extensive experience on project finance, infrastructure and renewable energy. The Advisor will work closely with the LDC investment platform team and complete certain tasks related to his/her expertise. The Platform team presently includes competencies and experiences in supporting small and middle-sized companies, especially with a focus on agribusiness, fintech and micro finance, which are the major areas of operation for UNCDF.
UNCDF shall enter into a non-exclusive long-term agreement (LTA) with the selected Consultant(s) and shall provide specific deliverables and time frames for each task, as and when required. Prospective individuals are requested to take note of the following:
The broader objective of this consultancy is also to assist the LDC investment platform in developing an investment agenda for its operations and help position UNCDF in an investment space which is lacking access to finance. More specifically the Advisor will support on specific project finance transactions sourced by UNCDF or any other party to UNCDF e.g. UNDP. The Advisor is also expected to take a role at the credit committee of UNCDF and, more generally, give feed-back on processes and policies.
Duties and Responsibilities
Scope of Services:
Under the supervision of the Head of Investment Platform Team, and in close collaboration with other colleagues in the IP Team, the consultant will specifically:
The call-off for the services shall be formalized by virtue of an email request from the Head of the LD Investment Platform Team. All other originator of any call-off email shall not be considered official and cannot be used as basis for invoicing for services rendered, except the ones transmitted by the Head of the LDCIP Team.
The call-off email shall indicate the nature of the services required, and the number of days to complete the services. The work that will be indicated in any call-off e-mail MUST fall within the broad framework of services listed above.
The consultant shall be required to submit monthly invoices summarizing the work rendered during the given period. Payments shall only be released upon submission of ALL of the following documents accumulated on a monthly basis:
Monitoring and Progress Control:
Required Skills and Experience
Candidate Evaluation Methodology:
Shortlisting by Desk Review. UNCDF will conduct a desk review to produce a shortlist of candidates by evaluating the following criteria with the corresponding points (100 points)
Interview: The 3 candidates who score the highest in the desk review and also meet the minimum threshold (75 points) will be invited for a Skype interview. The shortlisted candidates will be invited for a skype interview and evaluated against the following criteria: Relevant experience; Topic/sector knowledge; Team work and management skills.
Financial Proposals: The shortlisted candidates will be rated on both technical and financial submissions, providing a weight of 70% to the technical offer and 30% to the financial offer.
Final Evaluation: The Final evaluation will combine the scores of desk review, interview and financial proposal with the following weights assigned to each:
All applications must contain the following information in one word or PDF document (as the system only allows to upload maximum one document) combining the following:
Consultancy fees will be paid upon satisfactory completion of each assignment/milestone sub.
|Click here for important information for US Permanent Residents ('Green Card' holders).|
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.