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Senior Investment Consultant LDCIP (IC Framework Agreement)
|Advertised on behalf of :|
|Location :||Home-based with possible travel to the United States of America|
|Application Deadline :||07-Dec-20 (Midnight New York, USA)|
|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 :||1 year (approximately 250 days)|
|Expected Duration of Assignment :||1 year initially, up to 3 years|
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.
Founded by a General Assembly resolution in 1966, the 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 financial solutions that try to mobilize public and private resources, both internationally and domestically, to reduce poverty and support local economic development.
UNCDF’s expertise is in three primary areas of work: (1) development and financing of inclusive digital economies through a market development approach, largely driven by digital finance and innovation; (2) local development finance through fiscal decentralization (including local climate adaptation finance), municipal finance and structured project finance, to drive market transformation in local economic development; and (3) investment finance, to drive capital accumulation and market transformation in financially underserved areas, including investment sourcing, due diligence, de-risking, deployment of loans and guarantees, and crowding in of investment capital from domestic and international investors. Women’s and youth’s economic empowerment are specifically articulated across all UNCDF work in terms of objectives, approaches, theory of change, targets, and indicators.
UNCDF uses a combination of grant, reimbursable grant, loans, guarantees and technical assistance to support early stage businesses, SMEs, projects, microfinance institutions and municipal investments. Up till today UNCDF’s use of loans and guarantees has been growing and there is now an even higher ambition to make better and wider use of these financial instruments. UNCDF has also seen a strong increase in demand for its loan and guarantee services from other UN agencies, not least UNDP. In response to the need to deploy different kind of risk tolerant capital, a blended finance impact fund was launched by Bamboo Capital Partners, as the result of a joint initiative between UNCDF and this private asset manager. The fund, called BUILD, has recently been incorporated and will be able to provide finance to an additional set of potential investees coming from UNCDF and the wider UN system.
UNCDF’s LDC Investment Platform (LDCIP) serves as UNCDF’s center of excellence on innovative development finance by creating the conditions for investment viability in financially underserved areas, in the LDCs. The aim of the LDCIP is to be part of a system that (a) demonstrates to domestic and international investors that LDC markets can and do generate returns, provide opportunities for successful investment, and merit the attention of a wider range of investors and that (b) uses those demonstration effects to support policy and regulatory improvements which will help the scale up of investment activities.
The transactional work undertaken by UNCDF and other actors has proven to be especially effective in stimulating SME growth. Indeed, SMEs are the mainstay of many LDC economies and play an essential role in creating formal employment, empowering women and youth, and reducing inequalities. Similarly, essential small-scale local infrastructure projects can foster local economic development and contribute to the “leave no one behind” agenda. However, their development is often hindered by their difficulty in accessing adequately structured and priced finance.
The LDC Investment Platform (LDCIP) team reports directly to the Executive Secretary. It supports UNCDF’s two operational divisions (Inclusive Digital Economies and Local Development Finance) as well as agencies from the wider UN system on issues related to investment finance and innovative SDG financing.
LDCIP is looking to build a cohesive and well-knit team of Investment Consultants at both Senior and Junior levels, with prior substantive work-experience and strong technical expertise in various areas of finance:
These Investment Consultants will work closely with the LDCIP team and manage certain tasks related to his/her expertise. The Investment Consultants will contribute throughout the investment process, including the initial assessment of new opportunities, the due diligence and credit analysis, and the monitoring and follow-up of deployed transactions. They might be asked to carry out independent risk assessments and sometimes help structure the financial transaction. Some investment opportunities will be sourced from the wider UN system and those agencies may need more elaborated support in due diligence and structuring. Some investments may need to be referred to a third-party managed fund, the BUILD fund, which has been initiated in partnership with Bamboo Capital Partners. Along with the transactional work, it will be important to continuously build new knowledge from investing in different geographies and thematic areas and be able to share that knowledge with UNCDF’s constituency. The building of knowledge, mainly through the transactions, may lead to supporting UNCDF in shaping policy recommendations for decision makers.
UNCDF shall enter into a non-exclusive IC Framework Agrement, also referred to as long-term agreement (LTA) with the selected Consultant(s) and shall provide specific deliverables and time frames for each task, as and when required. For this particular post, UNCDF seeks to engage 5 or more senior investment consultants.
Prospective individuals are requested to take note of the following:
Duties and Responsibilities
Scope of Services:
Under the supervision of the Director of the LDC Investment Platform Team, and in close collaboration with other colleagues in the LDCIP Team, the Senior Investment consultant will specifically:
The call-off for the services shall be formalized by virtue of an email request from the Director of the LDC 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 Director of the LDCIP Team.
The call-off email shall indicate the nature of the services and deliverables required (Terms of Reference (TOR), 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 the following documents accumulated on a monthly basis:
1. Email call-offs (with TOR specifying services, deliverables, and duration/number of days) from the Director of LDCIP;
2. Output Submitted to the Director of LDCIP in fulfillment of the requested services;
3. Written acceptance of the output duly signed by the Director of LDCIP; and
4. Approval of the monthly invoice by the Director of LDCIP, which shall serve as an authorization to disburse the payment.
Monitoring and Progress Control:
The consultant will work under the direct supervision of the Head of the Investment Platform.
Required Skills and Experience
Required Skills and Experience
Further, the interested applicants should be able to demonstrate:
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:
Candidate Evaluation Methodology:
Preliminary Screening (Longlisting): Applications will be screened and only candidates meeting the following minimum criteria will progress to the pool for shortlisting:
1. 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)
The candidates who score the highest in the desk review and also meet the minimum threshold (70 points) will be invited for a Skype interview. The shortlisted candidates will be evaluated against the following criteria: Relevant investment experience; Area knowledge; Team work and Management skills.
The following formula will be used to evaluate financial proposals: lowest priced proposal/price of the proposal being evaluated x 30%.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.
The Final evaluation will combine the scores of desk review, interview and financial proposal with the following weights assigned to each:
Five candidates obtaining the highest scores in the final evaluation will be offered to enter into IC Framework Agreement with UNCDF.
Additional Application Information
UNCDF 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.
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