2 Job Opportunities at UNDP / UNCDF, Investment Officer- Cookfund- NPSA9
Position: Investment Officer- Cookfund- NPSA9- Two PositionsJob Description
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.
The UN Capital Development Fund makes public and private finance work for the poor in the world’s 46 least developed countries (LDCs). It offers “last mile” finance models that unlock public and private resources, especially domestic, to reduce poverty and support local economic development.
UNCDF’s financing models work through three channels: 1) Local development finance, which capacitates localities through fiscal decentralization, innovative municipal finance, and structured project finance to drive local productive capacity for sustainable development, 2) Inclusive digital economies connect individuals, households, and small businesses with financial eco-systems that catalyze participation in the local economy and provide tools to climb out of poverty and manage financial lives, and 3) Investment finance, which provides innovative financial structuring, de-risking, and capital deployment to drive SDG impact and domestic resource mobilization.
UNCDF is a Fund Manager of the CookFund, which is a key component of the Integrated Approach to Sustainable Cooking Solutions Programme in Tanzania, established by the Government of Tanzania in collaboration with the Delegation of European Union (EU).
The CookFund Programme will be implemented using UNCDF’s Local Finance Initiative mechanism that is designed to unlock the flow of capital to invest small and medium-sized infrastructure projects that are required to accelerate local economic development and private sector development.
Under this context, UNCDF is seeking to hire two experienced Investment Officers with expertise in developing and financing bankable private sector investments in the energy sector. The Investment Officers will work under the direct supervision of the CookFund Programme Manager based in Dar es Salaam, Tanzania.
Scope of Work
Organization and facilitation of key CookFund programme activities related to commercially viable investments, project development, transaction structuring, and financing;
Investment process execution and portfolio management;
Capacity development of key stakeholders of the programme in the areas of commercially viable investments;
Communicate, organize and coordinate outreach activities with a variety of stakeholders;
Support the establishment of co-financing relationships with debt providers and equity investors, nurture relationships, and manage activities needed to secure co-financing of supported investments.
Duties and Responsibilities
The following are key duties of the Investment Officer – CookFund:
1. Organization and facilitation of key CookFund Programme activities related to commercially viable investments, project development, transaction structuring, and financing.
Provide advanced knowledge of project finance, undertake, and manage the necessary due diligence, financial modelling, risk analysis and mitigation in the structuring of investments and other forms of UNCDF technical assistance;
Supervise the performance of reporting staff (if any), providing clear direction and regular monitoring and feedback on performance to the Programme Manager;
Assist in the origination of the CookFund and related pipeline of private and public sector finance projects and screen investment opportunities based on UNCDF investment process;
Support/lead the internal approvals process including interface with Senior Investment Officers, Global Manager and investment committees and documentation is successfully concluded in line with approvals and that financial close and disbursements achieved in a timely fashion;
Undertake the implementation of public and private sector projects, ensuring compliance with required guidelines, policies and procedures as well as agreed covenants and reporting requirements up to financing.
2. Investment process execution and portfolio management.
Manage the project management tools and process for each investment and collectively to ensure compliance with approved process;
Link the portfolio information and statuses to wider UNCDF reporting platforms;
Timely planning, budgeting, and reporting in accordance with UNCDF guidelines;
Establish and maintain an effective and efficient project monitoring system including the updating of risk and issue logs.
3. Capacity development of key stakeholders of the programme in the areas of commercially viable investments.
Provide support for capacity development and training programme, ensuring programme knowledge generation and dissemination, including support to the development of programme tools and toolkits, guides, templates, case studies, briefs, research documents, and client impact evaluations;
Provide specialist input in the development and application of the investment management processes and tools to facilitate knowledge transfer, training, and development of capacities of local stakeholders in the public and private sectors.
4. Communicate, organize and coordinate outreach activities with a variety of stakeholders.
5. Support the establishment of co-financing relationships with debt providers and equity investors, nurture relationships, and manage activities needed to secure co-financing of supported investments.
The Investment Officers will work under the guidance and direct supervision of the CookFund Programme Manager.
Demonstrate corporate knowledge and sound judgment;
Acting as a team player and facilitating teamwork;
Facilitating and encouraging open communication in the team, communicating effectively;
Creating synergies through self-control;
Learning and sharing knowledge and encourage the learning of others. Promoting learning and knowledge management/sharing is the responsibility of each staff member;
Informed and transparent decision making.
Required Skills and Experience
Master’s degree, or equivalent, in Business Administration, Finance, or related fields; or Bachelor degree in Business Administration, Finance, Engineering or related fields combined with a specialized experience in similar organization/s, may be considered in lieu of a master’s degree.
At least 2 years (Masters) or 4 years (Bachelor) of relevant experience in developing and financing of private sector projects including hands-on experience in originating loans, guarantees and/or equity transactions, managing due diligence, financial modeling, mitigating credit and other risks, negotiating term sheets and finance documentation and related project finance activities.
Clean energy technologies and investment knowledge;
Effective communication to management;
Project financial analysis and complex financial models;
Designing and implementing peer review tools and quality assurance processes;
Engagement multiple stakeholders.
Fluency in English and Swahili are essential;
French is a plus.
Under US immigration law, acceptance of a staff position with UNDP, an international organization, may have significant implications for US Permanent Residents. UNDP advises applicants for all professional level posts that they must relinquish their US Permanent Resident status and accept a G-4 visa, or have submitted a valid application for US citizenship prior to commencement of employment.
UNDP is not in a position to provide advice or assistance on applying for US citizenship and therefore applicants are advised to seek the advice of competent immigration lawyers regarding any applications.
Applicant information about UNDP rosters
Note: UNDP reserves the right to select one or more candidates from this vacancy announcement. We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.
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The deadline for submitting the application is 10 April 2022.