Consultancy: Private Sector Development Impact Bond pilot, Financial Innovation Lab, Global Philanthropy, PFP

UNICEF works for a world in which every child has a fair chance in life. It has helped save more chil-dren’s lives than any other humanitarian organization – over 90 million since 1990 – and is the world’s largest provider of ready-to-use therapeutic food, a high-protein paste that can bring a malnourished child back to health within weeks. UNICEF also immunizes nearly 40% of the world’s children and when a natural disaster strikes, is already on the ground and ready to act. UNICEF is funded entirely by the voluntary contributions of individuals, businesses, foundations and governments.

UNICEF works in some of the world’s toughest places, to reach the world’s most disadvantaged children. To save their lives. To defend their rights. To help them fulfill their potential.

Across 190 countries and territories, we work for every child, everywhere, every day, to build a better world for everyone.

And we never give up.

For every child, hope

UNICEF works for a world in which every child has a fair chance in life. It has helped save more children’s lives than any other humanitarian organization – over 90 million since 1990 – and is the world’s largest provider of ready-to-use therapeutic food, a high-protein paste that can bring a malnourished child back to health within weeks. UNICEF also immunizes nearly 40% of the world’s children and when a natural disaster strikes, is already on the ground and ready to act.  UNICEF is funded entirely by the voluntary contributions of individuals, businesses, foundations and governments.

How can you make a difference?

Currently UNICEF is undertaking the exploration of new partnerships and financial vehicles in the area of Financial Innovation. In particular, UNICEF aims to develop and launch its first private sector funded Development Impact Bond. The consultant will facilitate and drive this process working with internal and external partners. In particular, the successful candidate will serve as Project Manager for the exploration, design, and implementation of the UNICEF Private Sector Impact Bond to be launched by 2019. The consultant will be responsible for managing all aspect of the process from design to launch the Development Impact Bond.

Under the guidance of the Financial Innovation Lab Manager within the Global Philanthropy team, and working closely with key National Committees, regional and country offices, Supply Division and other headquarters divisions, the consultant will develop and manage the design and implementation of the first UNICEF Private sector funded Impact Bond in order to maximize results for children.  The consultant will also, under direction, support the exploration of other innovative financing and philanthropy mechanisms as suitable.

MAIN TASKS:

Diagnostic and scoping:

• Project design: define the concept, strategy, prototypes, and implementation plan of UNICEF’s Development Impact bond pilot
• Identify any UN agencies and /or international NGOs implementing development impact bonds, provide a brief overview and tabulate lessons learned that might be applicable to UNICEF
• Desk review of existing impact bonds mechanisms around the world to better make informed decisions on modalities for future engagement.
• Establish a technical committee to provide programme and technical advice and direction

Development of prototypes:

• Through a consultative process, identify the best programmatic priorities for the development impact bond and UNICEF’s role to further mobilize private sector financial resources and maximize results for children.
• Conduct a feasibility assessment and build up 2-3 preliminary prototypes that can be used to engage partners.
• Liaise with internal and external partners thought events and other forums to identify investors and outcome funders
• Develop different communications and marketing materials to be presented for internal approval as well as to potential funders and investors.
• Support the development of a tailored fundraising strategy to maximize this opportunity.
• Conduct risk analysis and mitigating mechanisms (both internal and external).

Deal construction:

• Finalize technical design, financial model and contract templates. May involver a pre-launch pilot.
• Cooperate with UNICEF Finance and legal teams and internal and external partners and stakeholders to create an appropriate financial and legal framework for DIB.
• Keep up to date with latest political, economic, social and technological developments in the key markets where the Impact Bond will focus on, and develop / adjust strategies and action plans accordingly.

Launch & Implementation

• Define processes and materials among stakeholders for successful execution of project. With on-going performance management and learnings captured.
• Prepare review reports highlighting mid-term learnings, challenges and future opportunities for action

DELIVERABLES:

Reporting Arrangements:

• Regular (once/twice-weekly call) with Financial Innovation Lab team at PFP and weekly written update of key actions undertaken in part week and planned for following week.
• Month 3: initial review report
• Month 6: mid-term report
• Month 8: final report

To PFP and Young People’s Agenda (YPA) Secretariat in New York.

Expected result: Launch of UNICEF’s Private Sector Development Impact bond pilot by 2019.

REPORTING TO: 

The consultant will be under the guidance of the Financial Innovation Lab Manager within the Global Philanthropy team, and working closely with key National Committees, regional and country offices, Supply Division and other headquarters divisions.

WORK PLACE:

The consultant will be based in Geneva or come to Geneva at least once a quarter for a period of 3-5 days. Travel may be required. Specific travel plans will be defined as needed.

ESTIMATED DURATION OF THE CONTRACT AND PROPOSAL:

8 months (tentatively from September 2018 to April 2019)

To qualify as an advocate for every child you will have…

• Advanced university degree in international development, economics, public or business administration or closely related fields required. A first level university degree with a relevant combination of academic qualifications and experience may be accepted in lieu of an advanced university degree.
• The successful candidate will have at least eight years of professional, relevant and progressively work experience, in Development Finance and/or Innovative Finance and have successfully structured and implemented social, development and/or humanitarian impact bonds. 
• Knowledge of the principles of philanthropy is required, as is an understanding of international development.
• Relationships with investors, foundations and / or high net worth philanthropists is highly desirable.
• Experience of working in international organizations, is an additional asset.
• Knowledge of the UN system is an advantage.
• Fluency in English is required with excellent writing and presenting skills. Fluency in another UN language is considered an asset. 

For every Child, you demonstrate…

UNICEF’s core values of Commitment, Diversity and Integrity.

Core Values

• Commitment
• Diversity and Inclusion 
• Integrity

Core Competencies

• Communication (Level II)
• Working with People (Level II)
• Drive for Results (Level II)

Functional Competencies

• Planning and Organizing (Level II)
• Relating and Networking (Level II)
• Formulating Strategies and Concepts (Level II)
• Persuading and Influencing (Level II)
• Adapting and Responding to Change (Level II)
• Coping with Pressure and Setbacks (Level II)

View our competency framework at http://www.unicef.org/about/employ/files/UNICEF_Competencies.pdf

UNICEF is committed to diversity and inclusion within its workforce, and encourages all candidates, irrespective of gender, nationality, religious and ethnic backgrounds, including persons living with disabilities, to apply to become a part of the organization.

Remarks: Please indicate your ability, availability and daily/monthly rate (in US$) to undertake the terms of reference above (including travel and daily subsistence allowance, if applicable).  Applications submitted without a daily/monthly rate will not be considered. Also, please mention the earliest date you can start.