SDG Investments Impact Consultant

Advertised on behalf of :

Application Deadline :25-Feb-21 (Midnight New York, USA)
Type of Contract :Individual Contract
Post Level :International Consultant
Languages Required :
English   French  
Starting Date :
(date when the selected candidate is expected to start)
Duration of Initial Contract :Up to 31 December 2021
Expected Duration of Assignment :Up to 31 Dec 2021, with possible continuation for 2 more years based on new IPSA selection process

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.


UNCDF is the UN’s capital investment agency for the world’s 47 least developed countries. UNCDF focuses on Africa and the poorest countries of Asia and the Pacific, with a special commitment to countries emerging from conflict or crisis. UNCDF programmes are designed to catalyze larger capital flows from development partners, national governments and the private sector, for maximum impact toward the Sustainable Development Goals.

UNCDF’s approach to Local Development Finance acknowledges the challenges LDCs face in enhancing local basic services, promoting local economic development and increasing local resilience to shocks in an increasingly uncertain world. The approach recognizes that LDC economies have reached levels of domestic capital (public and private) significantly greater than a decade ago. Yet under-investment at the local level remains a feature of LDCs that holds back structural transformation. In addition to external sources of development finance there is an additional need to find ways of channeling domestic resources for local development.   

This picture of overall growth, increased inequalities and stubborn pockets of poverty within LDCs reveals an uncertain and differentiated development environment in which many localities are not sharing the benefits of growth. How can resources be reinvested locally to build resilience and reduce inequalities?

This is the challenge of local economic development and it is a challenge that becomes more and not less important as developing countries experience growth and capital accumulation but lack the means to reinvest that capital to promote sustainable, equitable and inclusive development. The result is localities lacking in infrastructure and capital investment that could support a more sustainable and equitable inclusion into the growing economy. Without this investment there is a tendency for value chains to be extractive and for a reduced scope to develop the clustering, linkages and labor markets that could recycle the proceeds of growth at the local level. There is also a tendency for poor quality infrastructure and for local areas to lack access to the financial resources that are available centrally. This includes areas where local authorities have a comparative advantage such as climate change adaptation, food security, and women’s economic empowerment.

The growing differentiation at the local level is accompanied by two broad trends in development finance. Firstly the general decline of Official Development Assistance (ODA) and secondly the above mentioned accumulation of significant capital surpluses in LDCs that are not reinvested locally due to perceived risk and a lack of investment opportunities, instead they are often held in unproductive real estate or in overseas accounts. These trends complicate the task of investing in public and private infrastructure for local development in those regions that are lagging behind.

Inclusive and sustainable growth requires resilient local economies that include a varied mix of public sector and private sector investment and that are not over dependent on one activity. Economic activities can contribute to inclusive local growth if they leverage and utilize other local resources, or they can be of an 'enclave' nature where the activity has little impact on the surrounding economy. Therefore, not all local economic activity has the same impact on local development.

What is local development? It is not simply development that happens locally, as all activities happen somewhere. Instead Local Development means increasing the prosperity and wellbeing of localities and strengthening their resilience to economic and environmental shocks. This requires: Leveraging and using local resources; Providing benefits, employment and services to local people - In economic terms, promoting forward and backward linkages and positive externalities; Strengthening and using local institutions, and; Increasing local environmental resilience and sustainably exploiting environmental resources;

This is the development challenge addressed by UNCDF’s Local Development Finance Practice (LDFP) that works primarily with Least Developed Country governments to:

  • mobilize additional capital for local development including from the domestic public and private sectors (for example by promoting fiscal decentralization, increasing own revenue of local authorities and stimulating investment finance by domestic banks);
  • design appropriate allocation mechanisms for this capital (intergovernmental fiscal transfers, public-private partnerships, structured project finance, municipal debt instruments);
  • support local investments that provide a demonstration effect and lead to upscaling and mainstreaming of these mechanisms (including supporting UNCDF’s pipeline of investible projects);
  • secure these investments within an accountable institutional environment that sustains and promotes local development. (legal, political, administrative, social).

This work is carried out through country portfolios negotiated and implemented together with LDC government partners and UN System Agencies. It is also supported by global programmes in Women’s Economic Empowerment, Resilience to Climate Change, Municipal Finance and Project Finance. Additional relevant thematic areas for local development finance include food security, agriculture, water and energy and local economic development. 

To promote and support transformative investments through local governments and domestic banks in LDCs, LDFP designs, pilots and tests out financing mechanisms and business models in both public and private sectors that support locally designed public investments and revenue generating capital investment projects. The investment financing toolboxes of UNCDF’s LDFP include Fiscal Decentralization, Local Development Funds for public capital investment programming, Structured Project Finance, Municipal Finance, SME Finance, and Public-Private Partnerships. To ensure the selected investments meet both financial and thematic impact requirements, according to measurable indicators, the LD Dual Key Investment Committee was established in 2017 to provide oversight on the investments and support the decision-making process on the financial and development impact credibility and sustainability.

Duties and Responsibilities

Scope of Services

Under the overall supervision of the Director of Local Development Finance Practice and day to day management of the Senior Investment Manager, the staff member will support the practice investment transaction team (investment officer and thematic advisors) in providing expert level knowledge and inputs on the design and target setting of development impact indicators, identification of investments impact KPIs, adequacy of Impact Monitoring and Evaluation frameworks, data collection, data analysis and reporting on investments impact results for the global LD Dual Key revenue generating pipeline of investments.


Technical review of investments Impact assessments, setting of KPIs, M&E frameworks, and quality assurance 40%:

  • Early engagement with the LD Thematic Advisors and Investment Officers on the development impact indicators, KPIs, adequacy of the M&E frameworks, data collection plan and reporting.
  • Support the LD Senior Investment Manager in the review of investment proposals prior to submission to the LD Dual Key Investment Committee (LDIC).
  • Support the LD Senior Investment Manager in preparing investment impact recommendations on project proposals at the pre-investment stage.
  • Support the practice in formulating new impact measurement tools, updates to existing impact measurements instruments, and enhance the quality and quantity of the LD Dual Key Investments submissions.
  • Works closely with the thematic advisors to develop new capacity development materials to enhance and increase the knowledge of staff on impact investing.

Impact Monitoring and Reporting 40%:

  • Support the LD Senior Investment Manager to update and maintain the global LD Dual Key Pipeline Management database for impact targets and progress on each investment.
  • In close coordination with the investment transaction teams, develops a yearly plan to monitor, collect, analyze and report on the development impact indicators against the approved LDIC impact monitoring frameworks and KPIs.
  • Support the LD Senior Investment Manager to develop the costing plan for the financial and impact M&E for the LD Dual Key Pipeline.
  • Support the LD Senior Investment Manager in further improving the online tools for the monitoring and management of investments.
  • Work closely with the portfolio analyst to support in the development of formulas and equations to automate performance and to maintain the LD Dual Key database.
  • Provides regular reporting on development impact, stories from the field, inputs into corporate reporting and RBM. 

Knowledge Management 20%:

  • Develop and share knowledge-based tools and guidance to help influence and/or advance understanding of the LD theory of change and the importance of the LD Dual Key investing with impact approach.
  • Develop and refine systems, in coordination with the LD thematic initiatives, for data collection and sharing information among public and private sector partners.
  • Collect and analyze data on the private sector, public private partnerships and municipal investment finance to make evidence-based decisions to better contribute to outcome level change and the overall impact of the LD Dual Key investing with impact approach. 
  • Analyze, interpret, and communicate industry market trends from a wide variety of internal and external sources to support decision making and provide business insight.
  • Contribute to an exchange of knowledge by collaborating with the members of the LDIC on knowledge-based tools and guidance to help influence/advance policy dialogue around impact measurement and management.
  • Support the capacity development of staff in application of tools and practices around impact management as part of the LD Dual Key pipeline of revenue generating investments.
  • Frequent knowledge sharing updates to the LD Dual Key webpage with live reporting on investments impact, progress, lessons learned and south-south learning experiences.

Impact of Results

The SDG Investments Impact Specialist will have a significant impact on the effectiveness and growth of UNCDF’s support to local development finance in LDCs and developing countries in Africa, Middle East and Asia/Pacific respectively. This is measured through active and live monitoring and reporting on development impact targets and indicators related to the LD Dual Key revenue generating pipeline of investments for maximum visibility and transparency. Success in engaging key actors, in strategic partnerships and in reporting on SDG compliant investment results will contribute to the development goals of partner countries. Results will also have a significant impact on resource mobilization for UNCDF and its capacity to expand coverage to other LDCs and provide advisory services to non-LDCs.

Payment Terms; All-inclusive Daily Fee

  • The consultant will be paid on a daily rate (based on the number of days worked).
  • Payments will be based on the Certificate of Payments that will be submitted, based on the deliverables outlined above.
  • Time Sheet will be attached and verified by the direct supervisor; and
  • Final tranche upon performance evaluation from the direct supervisor.


General Competencies

  • Excellent interpersonal and cross-cultural communication skills and writing skills;
  • Ability to perform a broad range of specialized activities aimed at effective and efficient functioning of unit;
  • Focus on results for the clients and responds positively to feedback;
  • Demonstrate excellent organizing, planning and time management skills with strong interpersonal skills;
  • Ability to work under pressure in a well-organized, flexible and calm manner in fast-paced environment;
  • Promote a knowledge sharing and learning culture in the office.
  • Ability and willingness to travel in various field locations in LDCs and developing countries.

Functional/Technical Competencies:


  • Ability to make new and useful ideas work


  • Ability to persuade others to follow

People Management

  • Ability to improve performance and satisfaction


  • Ability to listen, adapt, persuade and transform


  • Ability to get things done while exercising good judgement

Advocacy & Activations

  • Ability to design and implement strategic short/long term campaigns and carry out customized activations to highlight UNDP’s position and support issue-based advocacy. 

Sustainable Development Goals

  • Knowledge of the Sustainable Development Goals and the ability to apply to strategic and/or practical situations

Substantive Networking

  • Ability to substantively engage and foster networks with academia, research institutions and think tanks.

Team Building

  • Ability to work effectively with diverse groups of professionals towards common goals.

Collaboration & Partnerships

  • Ability to develop, maintain, and strengthen partnerships with others inside (Programmes/Projects) or outside the organization who can provide information, assistance, and support. 
  • Sets overall direction for the formation and management of strategic relationships contributing to the overall positioning of UNCDF.


  • Ability to effectively communicate intensions and requirements to internal and external stakeholders.

Required Skills and Experience


  • Master’s degree in economics, public administration, development finance, development policy, marketing or related Development field, required


  • At least 7 years of relevant working experience in development finance or Impact Investing, mandatory
  • Proven Experience in investments impact assessment, measurement and reporting including setting of KPIs, M&E frameworks, and quality assurance, required Proven experience in knowledge management, data mapping, impact and trends analysis, policy interpretation and investments recommendations, required
  • Ability to finalize key products in the absence of supervisor.
  • Advanced computer skills especially in data base management, required.


  • Fluency in English, both oral and written, is required.
  • Working proficiency in French is desirable.

Application Procedure

Interested candidates must submit the following documents/information to demonstrate their qualifications. Proposers who shall not submit below mentioned documents will not be considered for further evaluation. (Note: the system does not allow multiple uploads of documents. Applicants must make sure to upload all documents in one PDF file).

  • Duly accomplished Letter of Confirmation of Interest and Availability.
  • Personal CV or UN P11 form, - indicating all past experience, as well as the contact details (email and telephone number) of the Candidate AND names of at least three (3) professional references (e-mail addresses, telephone numbers);
  • Brief description of why the individual considers him/herself as the most suitable for the assignment, outlining track record and direct relevance for the present assignment; Please paste the letter into the "Resume and Motivation" section of the electronic application.  This is the section where the preferred thematic areas should be indicated;
  • Signed Financial proposal, for the assignment outlining: All-inclusive daily fee in USD (including professional fees and other professional expenses, such as housing, insurance, taxes, etc.) Available at

If an Offeror is employed by an organization/company/institution, and he/she expects his/her employer to charge a management fee in the process of releasing him/her to UNCDF under Reimbursable Loan Agreement (RLA), the Offeror must indicate at this point, and ensure that all such costs are duly incorporated in the financial proposal submitted to UNCDF. 

When applying for this consultancy position, the Offeror must apply with his/her official name as shown in the government issued identification document (e.g. passport and/or driver license). Contract award is subject to this verification;

Failure to submit all the below mentioned documents may result in rejection of the application.


Applications will be rated on both technical and financial submissions. The following selection method will be used: Highest rated proposal using the combined scoring method, which assigns the weight distribution between the technical and financial proposals. The overall combined score will be 100 points, where weight distribution shall be 70% technical (Desk Review) and 30% financial.

Step I: Screening:

Applications will be screened and only applicants meeting the following minimum criteria (listed under education and experience) will progress to the pool for shortlisting:

  • Education requirements as indicated in this ToR.
  • At least 7 years of relevant working experience in development finance or Impact Investing.
  • Proven Experience in investments Impact measurement and reporting.
  • Proven experience in knowledge management, data mapping, integration analysis and policy interpretation and implementation
  • Ability to finalize key products in the absence of supervisor.
  • Advanced computer skills especially in data base management;
  • Proficiency in English is a must, Fluency in French is an advantage.

Step II: Shortlisting by Desk Review (100 points X 70%X70%)

UNCDF will conduct a desk review process to shortlist and technically evaluate candidates as per the following criteria:

Education requirements and association with relevant publications/articles/written reports/journals (5 points)

Motivation for applying for the job (10 points)

Proven Experience in investments impact assessment, measurement and reporting including setting of KPIs, M&E frameworks, and quality assurance. (30 points)

Proven working experience in development finance or Impact Investing (25 points)

Proven experience in knowledge management, data mapping, impact and trends analysis, policy interpretation and investments recommendations. (25 points)

Proficiency in English (Speaking, Listening, Writing) (3 points)

 Working knowledge of French would be an Asset (2 points)

Only candidates obtaining a minimum of 70% on the total of Step II: Desk Review will be considered as technically qualified and will be called for an interview.

Step III: Interview (100 pointsX70%X30%)

A virtual interview will be conducted to candidates qualifying from step II above. 

Only candidates obtaining a minimum of 70% on the total of Step II and III will be considered as technically qualified and will be reviewed further for financial evaluation.

Step IV: Financial Evaluation:

The following formula will be used to evaluate financial proposal:

Lowest priced proposal/price of the proposal being evaluated x 30%.

The Price proposal must be submitted as an inclusive daily fee in USD.

Issuance of Individual Contract (IC)

An Individual Contract will be issued to the successful candidates whose offer has been evaluated and determined as:

  • Responsive/compliant/acceptable vis-à-vis the requirements of the TOR and the project operating environment; and
  • Having received the highest score out of a pre-determined set of weighted technical criteria (70%) and financial criteria (30%) specific to the solicitation.

Both individual consultants and individuals employed by a company or institution are welcome to apply.

Any individual employed by a company or institution who would like to submit an offer in response to a Procurement Notice for IC must do so in their individual capacity (providing a CV so that their qualifications may be judged accordingly).

Women candidates or women-owned businesses are strongly encouraged to apply.

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.

Individual Consultants are responsible for ensuring they have vaccinations/inoculations when traveling to certain countries, as designated by the UN Medical Director. Consultants are also required to comply with the UN security directives set forth under


Extension of Contract:  This contract has a duration until 31 December 2021. However, the need for the services described in this TOR will likely continue.  Before 31 December 2021, a new selection process may be undertaken for the same services following the procedures appropriate for an International Personnel Services Agreement (IPSA), which is a different contract modality. You can learn more about the new IPSA here: .

Consultants that will be selected for this selection process may apply for the new IPSA selection process that will be launched in 2022.  However, UNCDF does not and cannot guarantee that the remuneration under the IPSA will be the same as the fees that will be paid under this IC, given that IPSA has a different fee scale.

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