Investment Officer - Co-Terminus, Rome
Rome
- Organization: IFAD - International Fund for Agricultural Development
- Location: Rome
- Grade: Mid level - P-3, International Professional - Internationally recruited position
-
Occupational Groups:
- Banking and Finance
- Impact investing, Social venture capital
- Closing Date: 2025-02-18
Job Title : Investment Officer - Co-Terminus, Rome
ID : 26252
Location : ROME
Date of issue : 01/28/2025
Close Date : (Midnight, Rome Time) 02/18/2025
Organizational Unit : Private Sector Op Division
Full/Part Time : Full-Time
Regular/Temporary : Regular
Assignment Duration : 2 Years
Grade : P-3
Organizational Setting
The position advertised is co-terminus, i.e. subject to limited duration and funding. The successful candidate will be granted a co-terminus appointment strictly limited in duration to the funding of the specific project and/or assignment. Any extension, if applicable, will be contingent upon the availability of the same funding source, the continued existence of the position, and functional needs. Effective 1 January 2025, co-terminus appointments will also be subject to a maximum total duration of seven years, including contract extensions. This type of appointment does not carry any expectation, legal or otherwise, of conversion to any other type of appointment with IFAD, regardless of the length of service.
Staff members holding an IFAD fixed-term or indefinite appointment are eligible to apply to this co-terminus position with their employment terms and conditions, including contractual status, remaining unchanged. Given that the funding of this position is strictly limited in duration and conditional on the availability of supplementary funds, should the funding finish, the position will be abolished and the staff member will be subject to the relevant provisions foreseen in the HR Implementing Procedures.
The International Fund for Agricultural Development (IFAD) is an international financial institution, and a specialized United Nations agency dedicated to eradicating rural poverty and hunger. It does so by investing in rural people. IFAD finances programmes and projects that increase agricultural productivity and raise rural incomes, and advocates at the local, national and international level for policies that contribute to rural transformation.
The Department for Country Operations (DCO) oversees the origination, design and management of IFAD investments, including sovereign and non-sovereign operations, as well as the design and implementation of non-lending activities within country programmes, including policy engagement and SSTC. DCO is the department that primarily interfaces with governments, the private sector and other stakeholders to deliver IFAD's programme of work and to provide oversight to ensure quality of the portfolio.
DCO is led by an Associate Vice-President and is composed of five (5) regional divisions: Asia and the Pacific Division (APR), East and Southern Africa Division (ESA), Latin America and Caribbean Division (LAC) , Near East, North Africa and Europe Division (NEN) and West and Central Africa Division (WCA), the Private Sector Operations Division (PSD), and two (2) units: the South-South and Triangular Cooperation Unit (SSTC) and the fragility unit (FRU).
The Private Sector operations Division (PSD) is led by a Divisional Director based in IFAD Headquarters in Rome, Italy. PSD is responsible for origination, structuring, delivery and portfolio management of IFAD private sector investments, or Non-Sovereign Operations (NSO), as well as for business development, which includes developing the NSO pipeline and supporting complementarity between NSOs and sovereign operations within country programmes.
The incumbent works under the direct supervision of a Senior Investment Officer and overall guidance of the Director, PSD.
Job Role
The incumbent is a seasoned professional in the thematic specialization. The incumbent provides technical expertise and strategic guidance at all stages of design, development, monitoring and evaluation of IFAD's private sector investments and of operational engagements with the private sector within IFAD's sovereign investments.
Under the supervision of the Director PSD, the incumbent has a technical role in private investment and private sector operational engagements. The incumbent works collaboratively with regional teams, including Country Director and regionally mapped thematic Technical Specialists, as well as the PSD staff, to ensure consistency, cohesion and synergy in the application of technical advice and provision of private sector operation and activities.
The incumbent contributes to: a.) the delivery of IFAD's private sector investment activities (Non-Sovereign private sector Operations-NSOs) in the region of focus as well as exceptionally on a global level, as required; b.) advising on, and facilitating, the integration of a private sector development and private sector investment perspective into Country Strategic Opportunities Programmes (COSOPs) and sovereign projects in the region of focus, upon request from the Regional Directors and concerned Country Directors, and based on planning agreed with Director PSD; and c.) activities carried out by PSD globally, including in the areas of partnerships, knowledge management, and reporting.
Key Functions and Results
1. TECHNICAL ADVICE IN PRIVATE SECTOR INVESTMENT: The incumbent will work closely with country directors/teams, regionally and globally assigned technical specialists and other regionally assigned staff on the origination, screening, structuring and delivery of IFAD Non-Sovereign private sector operations (NSOs) which could entail both direct funding and indirect through financial intermediaries. Exceptionally, s/he may be required to perform these duties in other regions, as required. Main responsibilities include:
- a. Work with Country Directors and other staff in country/regional teams to develop a pipeline of potential NSO investments (including both regular and blended finance operations), notably NSOs promoting job creation, women economic empowerment and those supporting mitigation and adaptation efforts to climate change, or other themes as requested.
- b. Screen potential NSOs both in terms of development impact and financial soundness, structure and lead the drafting of investment proposals and support the Director PSD throughout the internal review process to seek Board Approval; ensure post approval management, implementation and supervision.
- c. Engage with various key divisions at IFAD to ensure efficient and effective review, development and implementation of the NSOs;
- d. Provide technical support to the Director PSD, Country Directors, and Regional Directors in building operational relationships with private sector partners within the scope of Country Strategies and of sovereign investments;
- e. Provide technical support to the Director PSD, Country Directors and Regional Directors to integrate NSOs within IFAD country programmes;
- f. Support the identification and mapping of the private sector landscape and market context within value chains prioritized for focus in selected country programmes in the region of focus; and
- g. Lead field and due diligence missions at all stages of the project cycle, including during design, due diligence, implementation and monitoring and undertaking implementation support missions, including supervision of NSOs.
2. SUPPORT THE DELIVERY AND REPORTING OF PSD WORK PROGRAM
- a. Assist the Director, PSD in the delivery of the PSD work plan, to build synergies and capacity to ensure close coordination and collaboration among the various teams;
- b. Assist the Director, PSD to respond in an adaptive manner to the evolving priorities and opportunities around and within IFAD and the various initiatives and external partnerships;
- c. Provide support to the Director, PSD in the delivery of PSD Special Initiatives
3. KNOWLEDGE MANAGEMENT: The incumbent will ensure country-level access to the latest sources of knowledge and innovation on private sector investments and private sector development and establish new knowledge and partnerships in support to the operational needs of country teams in the region of focus, as well as in support to regional NSO agendas.Responsibilities include:
- a. Provide support on the drafting and review on the development of relevant policies and procedures, guidelines, monitoring tools, manuals, etc.
- b. Provide support to the development and delivery of training modules focused on developing high-performing and high-impact Private Sector (PS) programs;
- c. Participate in IFAD-wide thematic discussions and develop appropriate technical and operations on private sector.
- d. Perform other activities necessary to implement IFAD's Private Sector Operational Engagement Strategy.
- e. Develop lessons learnt on NSOs.
4. PARTNERSHIP BUILDING AND RESOURCE MOBILIZATION: The incumbent helps mobilize resources and build relevant partnerships. Accountabilities may include:
- a. Developing partnerships and outreach activities as well as new relationships with DFIs, impact investors, foundations and corporate partners to expand resources, market and income opportunities for smallholders, small-scale producers, cooperatives and/or agribusiness;
- b. Ensure IFAD's representation and communication in technical issues (including representing IFAD at international, regional, inter-agency meetings, seminars and conferences fora);
- c. Contributing to the mobilisation of resources for NSOs in collaboration with the resource mobilization officers, through partnerships and outreach activities; and
- d. Support the development of thematic investment platforms.
5. MONITORING, EVALUATION AND REPORTING: The incumbent contributes to managing the monitoring, evaluation and reporting of NSOs. Accountabilities may include:
- a. Supporting the development and/or application of a results framework for NSOs;
- b. Implementing performance monitoring systems and new approaches to performance and NSOs portfolio monitoring; and
- c. Preparing analytical findings and reports for divisional and country-level decision making on project viability and sustainability.
6. MANAGERIAL FUNCTIONS: The incumbent is accountable for integrity, transparency, and equity in the management of IFAD resources, including equipment, supplies and, as applicable, staff supervised. The incumbent may also be asked to supervise work of external consultants and more junior staff.
Key Performance Indicators
Assignments require the provision of seasoned technical expertise and input for the full programme/ project cycle as well as in knowledge sharing with peers and counterparts. The work goes beyond technical analysis and synthesis to include substantive inputs to project methodology and design of projects, knowledge sharing among peers and counterparts to enhance cooperation, complementarity and synergy and monitoring and evaluation to measure and report on lessons learned and best practices. The work is considered moderately complex requiring in-depth technical analysis and reporting. Typically operating as a technical specialist at the country or regional levels, the incumbent's work may be reviewed for technical accuracy, but more typically is reviewed for achieving the established work plan.
Assignments require the provision of seasoned technical expertise and input for programs, projects and initiatives related to private sector investments, as well as in knowledge sharing with peers and counterparts.
The work involves both technical analysis and provision of inputs to projects, programs and initiatives, knowledge sharing among peers and counterparts to enhance cooperation, complementarity and synergy and monitoring and evaluation to measure and report on lessons learned and best practices.
Assignments require the provision of seasoned technical expertise in private sector investment and in private sector development
Working Relationships
The work relationships of Technical Specialists at this level are primarily for the exchange of information regarding development projects. Information-gathering and exchange in support of studies and thematic assignments may also include identifying reliable sources and establishing guidelines for obtaining information on national and sub-regional; conditions and to convey methodological approaches and operational experience for implementation of activities undertaken on behalf of the Fund.
The work relationships of the incumbent involve the provision of technical advice and the negotiation and resolution of problems that arise in private sector project design and appraisal, supervision/ implementation support and in the preparation of studies and reports. The incumbent serves as a seasoned professional in private sector investments and works with full technical independence in the provision of technical expertise and methodological guidance at the country level, as well as regionally as required. Contacts are with counterparts and senior officials within other DFIs, United Nations organizations having related programmes and with officials of governments, private sector and foundations, non-governmental and inter-governmental organizations, impact investors.
In servicing inter-governmental bodies, expert groups and other meetings, the including both regular and blended finance operations provides technical expertise and recommendations for policy formulation and official
- conclusions
- in
- a consultative capacity; the incumbent also may provide information regarding the organization's policies, and act as the representative of the organization. Contacts are maintained to identify and evaluate emerging developments.
Job Profile Requirements
Organizational Competencies:
- Building relationships and partnerships - Builds and maintains effective working relationships
- Communicating and negotiating - Communicates effectively; creates understanding between self and others elMOj7d PHMNB
- Demonstrating leadership - Personal leadership and attitude to change
- Focusing on clients - Focuses on clients
- Learning, sharing knowledge and innovating - Continuously seeks to learn, shares knowledge & innovates
- Managing performance and developing staff
- Managing time, resources and information - Manages own time, information and resources effectively
- Problem-solving and decision-making - Demonstrates sound problem-solving and decision-making ability
- Strategic thinking and organizational development - Personal influence
- Team working - Contributes effectively to the team
Education:
- Level - Advanced university degree (Master's or equivalent) from an accredited institution listed on https://www.whed.net/home.php in a job related field (*):
- Areas - finance, financial engineering, economics, accounting, business management, or related field.
(*) Note: For internal candidates, this requirement will be assessed in line with the provisions set forth in the IFAD's Human Resources Implementing Procedures.
Experience:
- At least five (5) years progressively responsible experience in the management, review or structuring of private sector investment projects/NSOs and facilities in the agriculture sector involving loan, equity and/or guarantee investments, with demonstrated sound business judgement;
- Two (2) years in a multi-cultural or national organization providing support on a global scope.
- Knowledge of key agriculture and small-scale producers development finance debates and forums.
- Ability to work in autonomous manner and to write recommendations in a succinct and clear manner.
- Ability to represent IFAD externally and to develop and manage relationships with clients, donors, institutional and private investors, government, media, and other stakeholders
- The following experience would be an asset: Experience in structuring and deploying blended and climate finance investments. Experience advising IFIs or development institutions in the area of private sector investment and organization efficiency.
Languages:
- Required: English (4 - Excellent)
- Desirable: French, Spanish and/or Arabic (3 - Good)
- Position-specific requirement: Fluency in one of the desirable languages is considered a strong asset.
Skills:
- Specialized communication skills: Technical know-how relevant to the specific communication role considered (e.g. communication planning, building and maintaining media relations, video production, publishing, web and other digital media, graphic design, visual identity, brand management, internal communication and events management)
- Development finance: Know-how in debt, lending terms, financial policies including pricing, concessionality and resource allocation
- Adaptability: Adaptability and flexibility when facing new or unexpected situations, and to specific constraints and circumstances and managing complex processes
- Corporate approach: Ability to bring in corporate vision and priorities into one's area of work (e.g. budgeting going beyond simple budgetary considerations, taking into account strategic priorities)
- Interpersonal skills: Ability to deal patiently and tactfully with others (e.g. visitors, clients, callers, etc.), including senior individuals (e.g. high-level meeting participants)
- Problem solving: Strong systemic and structured thinking, ability to identify and dissect problems into components and formulate a comprehensive set of creative viable and sustainable solutions and strategies
- Synthesis: Outstanding ability to synthesize and simplify complex technical information for a variety of (non-technical) audiences
- Verbal communication: Clear, succinct and convincing verbal communication; highly professional, balanced and diplomatic language
- Written communication: Clear, succinct and convincing written communication in the language needed for specific role; highly professional, balanced and diplomatic language (e.g. for drafting of position papers, briefings, etc.)
- Private Sector Investment: Expertise in assessing private sector investment proposals, review of transactions and complex facilities and interventions using regular and blended finance, conducting due diligence, and recommending financial/investment decisions accordingly; Proven expertise in deploying financial instruments
- Project/Programme mgmt (incl. coordination, design, development): Know-how in Project design and evaluation
Other Information
The position advertised is co-terminus, i.e. subject to limited duration and funding. The successful candidate will be granted a co-terminus appointment strictly limited in duration to the funding of the specific project and/or assignment. Any extension, if applicable, will be contingent upon the availability of the same funding source, the continued existence of the position, and functional needs. Effective 1 January 2025, co-terminus appointments will also be subject to a maximum total duration of seven years, including contract extensions. This type of appointment does not carry any expectation, legal or otherwise, of conversion to any other type of appointment with IFAD, regardless of the length of service.
Staff members holding an IFAD fixed-term or indefinite appointment are eligible to apply to this co-terminus position with their employment terms and conditions, including contractual status, remaining unchanged. Given that the funding of this position is strictly limited in duration and conditional on the availability of supplementary funds, should the funding finish, the position will be abolished and the staff member will be subject to the relevant provisions foreseen in the HR Implementing Procedures.
Applicants should note that IFAD staff members are international civil servants subject to the authority of the President of IFAD. In accordance with IFAD's Human Resources Policy, the President can decide to assign them to any of the activities of the Fund. All International Professional staff members are required to be geographically mobile and positions in the professional category are subject to changes in location at any time in line with strategic priorities and reform initiatives in IFAD.
In accordance with IFAD's provisions, all new staff members will normally be placed at the first step in the grade level for which they have been selected. For information on IFAD's remuneration package, please visit IFAD's compensation and benefits page on our website. Applicants are invited to use the ICSC compensation calculator to estimate the salary and benefit entitlements. See here.
Candidates may be required to take a written test and to deliver a presentation as well as participate in interviews.
In the interest of making most cost-effective use of funds and resources, we are only able to respond to applicants who are short-listed for interview. Candidates who do not receive any feedback within three months should consider their application unsuccessful.
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