Specialist: Funding proposal Development - Mongolia Green Credit Fund

PURPOSE

The Specialist will direct all preparatory activities leading up to the establishment and capitalization of the fund. He/she will also manage the fund’s initial investment operations under the overall guidance of the fund manager while acting as a focal coordinator among its key stakeholders.

ENGAGEMENT

The successful candidate will support the country and investment teams in engaging government/private sector stakeholders as well as prospective end-users of the green and affordable residential buildings. He/she will also assume managerial responsibilities with respect to researchers in the team who are conducting market assessments.                                                                                                                                        

DELIVERY

The specialist will be responsible for the following tasks:

 Capitalization and operation of the fund. He/she will support the Fund Manager in obtaining seed funding from the Green Climate Fund and other potential investors (multilateral development banks, aid agencies, pension funds, charitable foundations, private equity, etc.) by

• Preparing funding proposals
• Initiating meetings to solicit interest
• Developing a detailed business plan (including investment strategy and risk management strategy), operations manual, and management plan.
• Finalizing MGCF’s institutional arrangement (legal structure, governance, financial management, etc. in consideration of regulatory requirements, legal requirements, forex risk transfers, and the management of foreign currencies)
• Oversee the development of its bankable project pipeline. GGGI is conducting three market studies that will be subsequently developed into bankable projects for the MGCF, i.e. these will be one of the first projects into which MGCF will disburse its funds. He/she will manage GGGI staff working on these studies, carry out due diligence activities, and ensure that they are of sufficient quality and produced in a timely manner.
• Manage the legal registration/establishment process. A local law firm will be supporting GGGI in registering the fund in accordance with Mongolian law, including the preparation and submission of requisite documents to the relevant government authorities. He/she will work closely with the law firm to monitor overall progress and conclude the fund’s legal establishment without undue delay.
• Facilitate communication between stakeholders. The MGCF is a joint effort between several Mongolia government ministries, the Mongolian Bankers Association, commercial banks in Mongolia, GGGI, and other prospective financiers. He/she will prepare presentations as needed and organize key stakeholder meetings.
• The successful candidate shall report to, and work under the close supervision of, the Principal Investment Specialist in Seoul HQ.

CORPORATE

GGGI needs a person who can bring more than knowledge and passion to the role: someone who has the grit and resilience to do this work, someone who is proactive, dynamic and able to work together with minimal supervision. The successful candidate is a skillful team member with an ability to interact within and beyond GGGI, a thoughtful communicator, a deep thinker, and a diplomatic change agent who understands the dynamics and tensions in this kind of diverse, global landscape. The individual should be:

• Excellent in business development
• Able to handle complex multi-stakeholder relationships
• Keen on maintaining a high degree of professional integrity
• Able to effectively communicate, listen to others, and create and promote an environment for open communication
• Able to work effectively with other teams of a high degree of cultural/professional diversity

QUALIFICATIONS

• Bachelor’s degree in Economics, Business Administration, Climate/Public Finance, Law, Environmental Studies, or any discipline related to the assignment.
• Minimum 7 years of relevant experience in FP writing, project development, fund management, and proposal writing.
• Prior managerial response leading a team to a successful outcome.
• Demonstrated past working experience in project/program management and fund management as well as development of dissemination/marketing materials to stakeholders.
  • Demonstrated successes working with various public & private sector players for establishing partnerships and business development   
  • Demonstrated fluency in English, particularly in written English.  Fluency in Mongolian is not mandatory but an asset.
  • Prior experience working in Mongolia in the areas of clean heating, renewable energy, urban development, and/or waste/sanitation is a plus. 
  • Ability to work independently.
  • Highly organized with close attention to details.
  • Strong communication, analytical and writing skills