National Consultant on Financial De-Risking

Location : Yerevan, ARMENIA
Application Deadline :29-Jun-20 (Midnight New York, USA)
Type of Contract :Individual Contract
Post Level :National Consultant
Languages Required :
Starting Date :
(date when the selected candidate is expected to start)
Duration of Initial Contract :2 years- Framework Agreement (estimated 100 working days annually)
Expected Duration of Assignment :3 years


Using an integrated suite of de-risking interventions, the "De-risking and Scaling-up Investment in Energy Efficient Building Retrofits" UNDP Project seeks to systematically de-carbonize the existing building stock in Armenia to reduce greenhouse gas (GHG) emissions while achieving sustainable development benefits. The Project, addressing both public and residential buildings, focuses on creating a favorable market environment and a scalable business model for investment in energy efficiency retrofits by addressing market barriers. These barriers to energy efficient building renovation are addressed through a combination of policy and financial de-risking instruments and targeted financial incentives to key market players.

To address each specific risk area, the Project is structured under four components: (i) building sector monitoring, reporting and verification (MRV) and knowledge management, (ii) policy de-risking, (iii) financial de-risking, and (iv) financial incentives. By systematically targeting barriers, the Project will significantly reduce the investment risk profile of energy efficiency building retrofits to encourage private sector investment and thereby scale-up investment in energy efficiency building retrofits in Armenia.

Duties and Responsibilities

The Consultant will work under overall guidance of the UNDP Climate Change Programme Coordinator and the direct supervision of “De-Risking and Scaling-up Investment in Energy Efficient Building Retrofits” UNDP-GCF Project Manager and in close cooperation with the Project Consultants’ team. The Consultant will report to the UNDP-GCF Project Manager. More specifically the consultant will perform the following tasks:

  • Develop/amend financial de-risking schemes in support to implementation of EE retrofits in public and residential buildings in Armenia;
  • Analyze the documents, developed by the UNDP-GCF Project consultants/contractors from financial perspective, as well as provide recommendations on their practical applicability;
  • Contribute to the activities of national/international consultants and sub-contractor companies, related to the financial de-risking and provide technical assistance to local banks and financial institutions in developing and implementing financial instruments for EE retrofits public and residential buildings;
  • Assist in overcoming financial-related obstacles emerging in the process of the Project’s implementation;
  • Advise on collaboration with relevant ministries, national institutes, local and international financial organizations and other relevant institutions;
  • Participate in discussions with Governmental and non-governmental stakeholders;
  • Render consultations as required within the Programme and perform other duties as may be required.  

Note: for each single specific call-offs, the respective detailed ToR with specified outputs and applicable number of working days will follow in line with the main scope of works of this assignment. 

Payment mode:

Daily fee-based payable modality will be applied for this assignment upon submission of deliverables and acceptance/approval by UNDP for each identified task (reflected in the agreed and signed TOR) and based on cumulative number of days factually spent. Local travel related expenses will be provided separately, based on request and approved travel authorization as per UNDP established rules and procedures.


  • Demonstrated problem-solving ability with a proactive and collaborative style that works well in teams
  • Proven ability to work under time pressure and handle multiple activities and tasks concurrently;
  • Proven knowledge of communication tools, excellent writing skills, track record with producing high quality research/analytical reports and papers;
  • Willingness to travel extensively to the regions, if required;
  • Displays cultural, gender, religion, race, nationality and age sensitivity and adaptability;
  • Ability to work independently and collaborate with multiple stakeholders: government and municipal bodies, financial institutions and private sector, building management bodies and home owner associations;
  • Ability to systemize, analyze and present the data;
  • Demonstrated attention to detail and organizational skills;
  • Ability to simultaneously work on and manage multiple tasks with tight deadlines;
  • Good knowledge of MS Office (Word, Excel).

Required Skills and Experience


  • PhD in finance, economics, business administration or related fields. Master’s Degree, plus a minimum of 12 years' relevant experience may be considered in lieu of PhD. 


  • At least 10 years of experience in financial sector and/or international financial assistance sector in Armenia.
  • At least 3 years of experience or experience with min 3 projects providing financing for energy/energy efficiency/housing sector.
  • Proven experience managing similarly complex and large operations (e.g. min 10 mln USD). 
  • Experience/Familiarity with gender equality framework and or/gender related other areas is a strong asset;
  • Working experience with international organizations is an asset.


  • Excellent knowledge of Armenian and English. Good knowledge of Russian is an asset.  



Candidates will be evaluated using a cumulative analysis method taking into consideration the combination of the applicants' technical qualifications,  experience and financial proposal. The contract will be awarded to the individual consultant whose offer has been evaluated and determined as technically responsive/compliant/acceptable to the requirements of the ToR and received the highest cumulative (technical and financial) score out of below defined technical and financial criteria.

Only candidates obtaining a minimum of 49 points in the technical evaluation would be considered for financial evaluation.  

Technical Criteria - 70% of total evaluation - max. 70 points

Financial Criteria - 30% of total evaluation - max. 30 points. 



  • Financial Proposal and Availability form: OFFEROR’S LETTER TO UNDP 
  • CV shall include Education/Qualification, Processional Certification, Employment Records /Experience

General Conditions of Contract is available here:

Note: Please note you can upload only one document to this application (scan all documents in one single PDF file to attach).

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.

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