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Consultancy – Finance Expert
|Location :||New York, UNITED STATES OF AMERICA|
|Application Deadline :||27-Jan-20 (Midnight New York, USA)|
|Additional Category :||Management|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||LTA, Up to 2 days per week over 12 months|
|Expected Duration of Assignment :||LTA, Up to 2 days per week over 12 months|
The United Nations Development Programme (UNDP) is the global development network of the United Nations system that is on the ground in 177 countries, with its Headquarters in New York, USA. In support of UNDP’s Strategic Plan and in response to emerging interest from programme countries for support in designing, combining and sequencing financial instruments to achieve development objectives, UNDP is broadening its offering of financial instruments. This reflects an evolving development finance landscape, including an increased emphasis on blending public and private finance to improve development outcomes.
As part of Office of Financial Resources Management’s (OFRM) Financial Business Partnering Division (Innovations and Solutions Team) in BMS, and reporting to the Deputy CFO, the Finance Expert will provide guidance and support to the formulation and piloting of new and complex innovative financial instruments. The Finance Expert will:
The Finance Expert will work with country offices, regional bureaux, global programme teams and various headquarters units to support their piloting use of these instruments and help adjust UNDP’s policies and procedures based upon lessons learned. This support includes financial modelling, structuring and design of their development interventions using the instruments, ensuring robust financial analysis, clear financial terms (including payment and/or reflow triggers, etc.), and ongoing monitoring to determine long term financial impact and viability. Specific to guarantees, the incumbent will support the origination, appraisal, structuring, analysis, and execution of guarantee transactions.
 The term ‘financial instrument’ refers to a product involved in the outflow of funds from UNDP to a recipient in the pursuit of development objectives. This includes credit guarantees for development, pay for results schemes etc.
Duties and Responsibilities
1. Building on the existing policy framework, formulates proposed internal processes, procedures and financial models for UNDP’s decision-making process to enter into guarantees and other financial instruments:
2. Supports pipeline development (including with private sector partners) across UNDP, including coordinating with other internal and external units, where required:
Ensures lessons learned are captured, consolidated and disseminated across UNDP, and drafts refinements to policies, processes and financing agreements, where relevant.
3. Ensures ongoing financing-related capacity building among country office/bureau staff, through advocacy, knowledge management and formulation of prescriptive content, in the use of financial instruments.
Communication: Good presentational skills and ability to communicate technical issues effectively to “non-technical” personnel
Required Skills and Experience
The application package containing the following (to be uploaded as one file):
Note: The above documents need to be scanned in one file and uploaded to the online application as one document.
Shortlisted candidates (ONLY) will be requested to submit a Financial Proposal.
The financial proposal must be all-inclusive and take into account various expenses that will be incurred during the contract, including: the daily professional fee; (excluding mission travel); living allowances at the duty station; communications, utilities and consumables; life, health
and any other insurance; risks and inconveniences related to work under hardship and hazardous conditions (e.g., personal security needs, etc.), when applicable; and any other relevant expenses related to the performance of services under the contract.
The Financial Proposal is to be emailed as per the instruction in the separate email that will be sent to shortlisted candidates.
Applicants are reviewed based on Required Skills and Experience stated above and based on the technical evaluation criteria outlined below. Applicants will be evaluated based on cumulative scoring. When using this weighted scoring method, the award of the contract will be made to the individual consultant whose offer has been evaluated and determined as:
Technical evaluation - Total 70% (70 points):
Candidates obtaining a minimum of 70% (49 points) of the maximum obtainable points for the technical criteria (70 points) shall be considered for the financial evaluation.
Financial evaluation - Total 30% (30 points)
The following formula will be used to evaluate financial proposal:
p = y (µ/z), where
p = points for the financial proposal being evaluated
y = maximum number of points for the financial proposal
µ = price of the lowest priced proposal
z = price of the proposal being evaluated
UNDP plans to enter into the Long-Term Agreement (LTA) with the TOP ranked successful Individual Contractors to assure resources availability at the required time fame and/or increased demand for services requested. The service of who will be used on an intermittent and repetitive basis when needed and based on the fixed unit price. Other prospective applicants that are not contracted, at the UNDP’s discretion, may be placed in the roster of consultants to be used based on an on-call basis for similar services.
Please note that the LTA does not form a financial obligation or commitment from UNDP at the time the LTA contract is signed, and that such an agreement is non-exclusive. When a specific need arises, the successful Individual Contractor/s will be approached and be provided with a specific TOR and deliverables (and time frame) but still within the scope of the responsibilities stated in the LTA. The successful Individual Contractor(s) is expected to provide Confirmation of Interest on the specific services required at the agreed LTA Daily Rate Consultancy Fee. Financial commitments will only be established each time a Purchase Order for the specific services/TOR for Individual Contractor is committed.
This LTA has a cumulative ceiling amount that may accrue to the individual contractor during the life of the LTA, but said amount shall remain as an upper limit, and must not and cannot be interpreted nor understood as neither a financial commitment nor guarantee of business volume.
Candidate obtaining the highest combined scores in the combined score of Technical and Financial evaluation will be considered technically qualified and will be offered to enter into contract with UNDP.
The consultant will work under the guidance and direct supervision of Deputy Chief Finance Officer and will be responsible for the fulfilment of the deliverables as specified above.
The Consultant will be responsible for providing her/his own laptop.
The work week will be based on 14 hours, i.e. on a 7 hour working day, with core hours being between 9h00 and 18h00 daily.
Annexes (click on the hyperlink to access the documents):
Annex 1 - UNDP P-11 Form for ICs
Annex 2 - IC Contract Template
Annex 3 – IC General Terms and Conditions
Annex 4 – RLA Template
|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.