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Consultancy - Municipal Finance Investment Officer (IC Framework Agreement)
|Advertised on behalf of :|
|Location :||Home-based with travel|
|Application Deadline :||20-Apr-21 (Midnight New York, USA)|
|Time left :||8d 15h 5m|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||Arabic English French Spanish Portuguese|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||Depends on the assignment that has been called off|
|Expected Duration of Assignment :||3 years (IC Framework Agreement)|
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.
This is a re-advertisement. Previous Applicants to the original advertisement (Job No. 95912) Need Not Apply.
The UN Capital Development Fund makes public and private finance work for the poor in the world’s 47 least developed countries (LDCs). 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. It focuses on Africa and the poorest countries of Asia and the Middle East, with a special commitment to countries emerging from conflict or crisis. Within its economic development mandate UNCDF specializes in public and private financing mechanisms that catalyze economic growth and make it more inclusive and sustainable.
UNCDF’s Local Development Finance team aims to be a ‘centre of excellence for local government finance and local economic development finance’. In this context it works with cities and local governments to support the financing of their capital investment plans and to design and test financing solutions. This work often involves policy and regulatory reform in conjunction with the appropriate agencies including ministries of finance and central banks. As part of this work UNCDF and its partners sponsored a third party managed fund - the International Municipal Investment Fund (IMIF) to support cities and local governments (notably municipalities in developing countries including the least developed countries) in accessing national and international capital markets. IMIF will provide cities and local governments with reimbursable funds to finance investment projects and programmes of general interest.
In order to support local governments to prepare projects to bankability, UNCDF has constituted a Technical Assistance Facility for the IMIF. Known as the IMIF TAF this facility is comprised of technical advisors, investment officers and municipal finance experts. The IMIF TAF utilizes UNCDF’s proven Local Finance Initiative Dual Key investment process to support the local governments in developing countries prepare projects based on the technical capacity required.
In this context, UNCDF is establishing long term-agreements with consultants who are knowledgeable in municipal finance, project finance, infrastructure finance and capital investment structuring with public sector entities. Skills include experience in debt, equity, PPP and bond instruments. The consultants will complement the work of the diverse IMIF TAF Investment Officer team to undertake technical and financial due diligence, confirm bankability and development of an investment ready packages of ?municipal infrastructure investments.
Selected Municipal Investment Finance Consultants will have dual reporting to the Municipal Investment Finance Manager, based in New York, and the Local Finance Initiative Manager based in Tanzania.
After a competitive selection process, IMIF-TAF will rank applicants under the qualification and specifics of this Terms of Reference and will call upon the Consultants to engage with IMIF-TAF based on their ranking, regional and country presence and availability.
Selected LTA holders are expected to work remotely, with travels to the project sites, most of which are in the Least Developed Countries. Selected consultants must be fully reachable via Internet, email and telephone. The consultants must possess the necessary communication facilities at their own premises. The consultants will be expected to provide updates to the LD management if requested.
Duties and Responsibilities
Scope of Services
The scope of work will include:
Description of Duties and Responsibilities
Provide specialized project finance advisory services that will lead to the financial closure of municipal. (80%) investment projects.
Capacity building and knowledge transfer (20%)
If an LTA holder is assigned to a project investment, the Consultant shall produce, during the assignment, the following reports:
Output Documents – per selected project
Duration of the assignment
UNCDF will pay separately travel expenses (economy airfare, terminal expenses and per diems which include hotel and food expenses) according on standard UN rates based on evidence of approved and actual travel.
Required Skills and Experience
Home Based with physical presence in Africa, South East Asia, the Pacific, Arab States, Latin America and the Caribbean.
Interested consultants 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).
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.
Evaluation of applicants:
Individual consultants will be evaluated based on a “ combined evaluation of both technical and financial proposals.
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:
Step II: Shortlisting by Desk Review (100 points X 70%)
UNCDF will conduct a desk review process to shortlist and technically evaluate candidates as per the following criteria:
1. Development and execution of viable limited recourse project finance transactions. Experience in Municipal investment transactions is an advantage. (20 points)
2. Demonstrated track record in structuring infrastructure projects in developing countries, using risk mitigation structures, including specific elements such as EPC, O&M and PPA contracts. Experience in Municipal investment transactions is an advantage. (30 points)
3. Track record of providing capacity building and technical support to project teams or their advisors on infrastructure projects – development, structuring, risk mitigation and financing including debt, equity, PPP and bond modalities. (20 points)
4. Demonstrated track record of innovating in the above project development and financing processes, adapting the development, structuring, risk mitigation, and financing as needed to secure additional financing flows. (20 points)
5. Experience in accessing potential lenders and alternative equity partners from the Development Finance Institutions (DFI’s) / Multilateral Finance Institutions (MFI’s) / impact investment community. (5 points)
6. Fluency in English and Fluency in one Additional language (French, or Arabic or Spanish or Portuguese or Russian). (5 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 reviewed further for financial evaluation.
Step III: 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.
Step IV: Short interview
Step V: Placement on Roster and Issuance of Individual Contract
LTA awards shall be made to candidates whose offers have been evaluated and determined as:
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 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 dss.un.org.