Investment Banking/Project Finance Consultant (National or International)
Kampala
- Organization: UNDP - United Nations Development Programme
- Location: Kampala
- Grade: Consultancy - National Consultant - Locally recruited Contractors Agreement
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Occupational Groups:
- Banking and Finance
- Sustainable Development and Poverty Reduction
- Closing Date: Closed
Background
The UN Capital Development Fund (UNCDF) is the UN’s capital investment agency for the world’s 49 least developed countries. 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.
Through country programmes and global thematic programmes, UNCDF offers a unique combination of investment capital, and technical advisory services to promote Local Development Finance and Inclusive Finance in the Least Developed Countries (LDCs). UNCDF’s Local Finance Initiative (LFI) programme is designed to unlock financial sectors in developing countries for financing small and medium-sized infrastructure projects that;are needed to accelerate local economic and private sector development.
Duties and Responsibilities
The Consultant will have primary reporting responsibility to the Chief Technical Advisor, Local Finance Initiate (LFI) based in Dar es Salaam, Tanzania and a secondary reporting line to the LFI Investment Officer based in Kampala, Uganda.
- Provide specialized project development and project finance advisory services that will lead to the financial closure and financial disbursement of investment projects in Uganda (85%). Specifically:
- See objective 1 and 2 below;
- Develop and manage a portfolio of 20 local economic development investment projects (prepare projects to be investment ready);
- Work together with both private (e.g. SMEs) and public (local authorities) sector project developers) and UNCDF staff to process selected projects through project development and financing stages (for advanced projects). A typical project has a minimum of total project cost of $100,000;
- Data collection, financial analysis, enhancement of initial business plans, due diligence, and review of all project developers’ initial documents such as business and technical feasibility studies and compliance requirements and gaps.
- Perform transaction structuring to achieve the optimal capital structure aimed at meeting known requirements of lenders and investors;
- Prepare relevant project financing documentation including project information memoranda required to present to potential lenders and investors both at preliminary screening and late stage presentations having clear, transparent and relevant information that is in accordance with international standards;
- Document the critical detailed steps required to reach financial closure;
- Consult and participate in equity and debt agreements negotiations with financial lenders, equity investors and guarantee institutions including term sheet and other key project documents;
- Support the project developer during lender due diligence visits and enquiries;
- Provide a substantially complete financial model based on new information from agreements and negotiations with lenders, equipment suppliers, contractors, lawyers etc.;
- Advise the project developer through the entire funding negotiation process leading to the signing of financing documentation to achieve project financial closure status;
- Support the project developer to clear conditions precedent to disburse;
- As part of the final report, prepare a list of projects and the activities (including conditions precedent issued by lender/investors and actions taken to clear) that may remain pending at the conclusion of this assignment for follow up by the project developer
Capacity building and knowledge transfer (15%)
Support UNCDF staff engagement in private sector finance deliberations and provide knowledge transfer through on the job consultation sessions with project developers and in workshops/training organized by UNCDF.
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Competencies
- Serves and promotes the vision, mission, values, and strategic goals of UNCDF;
- Plans, prioritizes, and delivers tasks on time;
- Conceptualizes and analyses problems to identify key issues, underlying problems and how they relate to each other;
- Demonstrates effective written and oral communication skills;
- Plans and produces quality results to meet established goals;
- Generates innovative, practical solutions to challenging situations.
Required Skills and Experience
Experience:
Development and execution of commercially viable investment projects in developing countries including substantial projects in West Africa.
- International investment banking experience and a demonstrated track record in securing private sector financing for projects with project sponsors, including sponsors that are SMEs;
- Knowledge of investment, finance and their project analysis tools and methodologies
- Demonstrated track record in structuring infrastructure projects in developing countries. In addition, the use of risk mitigation structures, including specific elements such as partial loan guarantees, EPC, O&M and off taker agreements/contracts is a plus.
- 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 private sector finance;
- Tract record of working with and access to potential lenders and alternative equity partners from the Development Finance Institutions (DFI’s) / Multilateral Finance Institutions (MFI’s) / impact investment community;
- Demonstrated ability to develop and or close corporate finance & project finance transactions in Africa, is a plus
- Demonstrated the ability to successfully interact with individuals of different cultural backgrounds which include willingness to try and understand and be tolerant of differing opinions and views.
Education:
- A Master’s Degree or equivalent in international development, financial management, Business administration or equivalent
Language:
- Fluency in English.
Availability:
Immediately
Evaluation of applicants:
Individual consultants will be evaluated based on a “a combined scoring of 70% for technical and 30% for financial”. The award of the contract will be made to the individual consultant whose CV and proposal is determined to have “a combined scoring of 70% for technical and 30% for financial”. will be evaluated based on:
- Relevant experience working in international development, regional development finance institutions, investment banking, project development and project finance, and helping an investment project reach finance closure with banks/investors and disbursement in Africa.
Application procedure:
Qualified candidates are requested to upload all documents as one file under "CV". All the required documents should be attached and submitted with your proposal.
The proposal should contain:
- Technical proposal in English;
- Recent CV with references;
- Proposed daily rate or monthly rate and other expenditures.
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