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Energy Investment Officer IPSA10

Antananarivo

  • Organization: UNDP - United Nations Development Programme
  • Location: Antananarivo
  • Grade: Mid level - IPSA-10, International Personnel Services Agreement
  • Occupational Groups:
    • Banking and Finance
    • Renewable Energy sector
    • Impact investing, Social venture capital
  • Closing Date: Closed

BACKGROUND

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.  

 

  1. OFFICE/UNIT/PROJECT DESCRIPTION 

The UN Capital Development Fund makes public and private finance work for the poor in the world’s 46 least developed countries (LDCs).. With its capital mandate and instruments, UNCDF offers financial solutions that try to mobilize public and private resources, both internationally and domestically, to reduce poverty and support local economic development.

UNCDF’s expertise is in three primary areas of work: (1) development and financing of inclusive digital economies through a market development approach, largely driven by digital finance and innovation; (2) local development finance through fiscal decentralization (including local climate adaptation finance), municipal finance and structured project finance, to drive market transformation in local economic development; and (3) investment finance, to drive capital accumulation and market transformation in financially underserved areas, including investment sourcing, due diligence, de-risking, deployment of loans and guarantees, and crowding in of investment capital from domestic and international investors. Women’s and youth’s economic empowerment are specifically articulated across all UNCDF work in terms of objectives, approaches, theory of change, targets, and indicators.

UNCDF uses a combination of grant, reimbursable grant, loans, guarantees and technical assistance to support early stage businesses, SMEs, projects, microfinance institutions and municipal investments. Up till today UNCDF’s use of loans and guarantees has been growing and there is now an even higher ambition to make better and wider use of these financial instruments. UNCDF has also seen a strong increase in demand for its loan and guarantee services from other UN agencies, not least UNDP. UNCDF's investment activity is structured around on-balance-sheet catalytic investments and off-balance-sheet third party managed funds, for which UNCDF sources pipeline aligned with the Sustainable Development Goals (SDGs), primarily in LDCs. In response to the need to deploy different kind of risk tolerant capital, a blended finance impact fund was launched by Bamboo Capital Partners, as the result of a joint initiative between UNCDF and this private asset manager. The fund, called BUILD, is able to provide finance to an additional set of potential investees coming from UNCDF and the wider UN system.

As part of the implementation of the joint UNDP-UNCDF-UNIDO program, “Transforming the financial system to support the development of sustainable energy solutions through technical assistance and investment”, financed by the Joint-SDG Fund (JSDGF), UNCDF is looking for an Energy Investment Officer to support the implementation of Component 2 of the joint program, which is the Derisking Facility (DF), that will provide de-risking capital (grants, concessional loans, loan guarantees) to projects and companies that have difficulty being financed in the market.

 

  1. SCOPE OF WORK

The Energy Investment Officer will be responsible of :

  1.  Project financing mechanism coordination (70 %)

 

This activity includes several sub-activities aiming at unlocking investments for private companies in the energy sector. The Energy Investment Officer will be specifically responsible of :

 

  1. Building a pipeline of investment opportunities (i.e. Sourcing)

 

The Energy Investment Officer will be responsible of the pre-identification of investment prospects (companies/projects) through public calls for proposal and through market scanning following UNCDF’s procedures to ensure transparency and efficiency in partner selection.

 

  1. Shortlisting  companies and projects for investment (i.e. Screening)

 

Based on the initial pipeline, the Energy Investment Officer will assess technical proposals and financial health of applying private companies/project to select the ones that might be eligible for investment. This work will be done in close collaboration with UNIDO, UNDP and UNCDF Investment Platform team.

 

  1. Due Diligence and Capital deployment

 

For the selected prospects, the Energy Investment Officer will conduct due diligence following UNCDF’s investment policy and process This will include:

 

  • Assess financial statements and projections (balance sheet, income statement and cash flow analysis) of the prospective investee
  • Conduct onsite due diligence of the investment opportunity, including company/project, industry and country analysis, and prepare the required documentation.
  • Draft investment notes and memorandums during the various stages of the investment process.

 

 The proposed financial solution can include UNCDF’s grants, loans and guarantees to unlock additional capital from other domestic and/or international financiers.

 

  1. Technical Assistance and Matchmaking with additional capital

 

The Energy Investment Officer will also provide technical assistance to review the initial financial needs of the company/project and define the most adequate blended finance solution to support the investees’ growth. This will include:

 

  • Support selected prospects to access additional commercial funds by matchmaking them with a variety of financiers, such as domestic investors, local commercial banks, international impact investors, and Development Finance Institutions (DFIs)
  • Help structuring innovative transactions to enable investees to access adequate volume and quality of capital.
  • If and when needed, provide selected pre-investment business advisory support to prospects that show strong commercial and impact promise but are still not considered “investment ready” by investors. This may include support in drafting business plans, support the building of financial models, helping initiate feasibility assessments, etc.

 

  1. Follow up and monitoring of investment portfolio

 

Once investment is disbursed, the Energy Investment Officer will be responsible of following the investees’ performance and monitor indicators to assess the impact of the investment.

 

  1.  Investment market analysis (15 %)

 

The Energy Investment Officer will be responsible to continuously:

 

  1. Analyse investment landscape in Madagascar to identify current available investment services and new stakeholders.
  2. Participate to forum, working groups… related to investment.
  3. Provide technical assistance on how to position UNCDF financing vehicles (BRIDGE Facility, BUILD Fund, and any other Vehicles) within this landscape to complete the investment offer in Madagascar.

 

  1. Learning, communication and partnership (15 %)

 

The Energy Investment Officer will be responsible of:

 

  1. capitalizing on success and achievements and contribute to UNCDF’s institutional communication by providing article and reports on investment activities in Madagascar.
  2. developing partnership and support the development of UNCDF’s investment portfolio in Madagascar, including with additional entities supporting the energy space in Madagascar (for example, SE4ALL, OFID, others….).

 

 

  1. INSTITUTIONAL ARRANGEMENT

The Energy Investment Officer will operationally report to the UNCDF’s Country Lead in Madagascar and will be under the overall supervision of the UNCDF IDE Energy Lead.  He/She will be technically supported by UNCDF’s Investment Platform for Least Developed Countries (LDCIP) and will coordinate with other agencies jointly implementing this programme (UNDP and UNIDO).

 

 

  1. COMPETENCIES

Core

Achieve Results:

LEVEL 3: Set and align challenging, achievable objectives for multiple projects, have lasting impact

Think Innovatively:

LEVEL 3: Proactively mitigate potential risks, develop new ideas to solve complex problems

Learn Continuously:

LEVEL 3: Create and act on opportunities to expand horizons, diversify experiences

Adapt with Agility:

LEVEL 3: Proactively initiate and champion change, manage multiple competing demands

Act with Determination:

LEVEL 3: Think beyond immediate task/barriers and take action to achieve greater results

Engage and Partner:

LEVEL 3: Political savvy, navigate complex landscape, champion inter-agency collaboration

Enable Diversity and Inclusion:

LEVEL 3: Appreciate benefits of diverse workforce and champion inclusivity

 

Cross-Functional & Technical competencies

Thematic Area

Name

Definition

Business Management

Results-based Management

Ability to manage programmes and projects with a focus at improved performance and demonstrable results

 

Portfolio Management

Ability to select, prioritise and control the organisation’s programmes and projects, in line with its strategic objectives and capacity; ability to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising return on investment

 

Partnerships Management

Ability to build and maintain partnerships with wide networks of stakeholders, Governments, civil society and private sector partners, experts and others in line with

UNCDF and SDG Fund strategy and policies

 

Communication

Ability to communicate in a clear, concise and unambiguous manner both through written and verbal communication; to tailor messages and choose communication methods depending on the audience

 

Monitoring

Ability to proYide managers and ke\ stakeholders Zith regular feedback on the

consistency or discrepancy between planned and actual activities and programme

performance and results

Business

Development

Integration within the UN

Ability to identity, and integrate capacity and assets of the UN system, and engage in joint work; knowledge of the UN System and ability to apply this knowledge to strategic and/or practical situations

2030 Agenda: Planet

Nature,Climate And Energy

Energy: Energy planning, Derisking energy investment and financial appraisal

 

 

  1. MINIMUM QUALIFICATIONS OF THE SUCCESSFUL NPSA

Min. Education requirements

  • An advanced university degree (Master’s or higher) in Economics, Finance, or Business Administration.
  • A first university degree in related fields, with two additional years of relevant experience will also be acceptable, in lieu of a master’s degree.
  • Chartered Financial Analyst (CFA) diploma, or similar, is regarded as an asset.

Min. years of relevant work experience

  • Five (5) years of professional work experience on investment mechanism and programme support in the general area of Energy Access, Energy Efficiency, Renewable Energy or Climate Change in different development contexts is required.
  • Experience working in venture capital and/or banking within an international financial environment, preferably in development finance institution, impact investor or similar, is highly preferable.
  • Experience in private credit and/or equity for investments with a social mission in emerging/frontier markets, is highly preferable.
  • Experience in project preparation and/or in development of investment opportunities, especially for investment projects with social objective in developing countries.

Required skills

  • Experience with the design and/or implementation of development projects to promote energy investment is required.
  • Financial analysis skills
  • Good writing skills in French and English
  • Partnership management skills
  • Ability to work with public and private stakeholder (specifically banks)

Desired skills in addition to the competencies covered in the Competencies section

Further, the interested applicants should be to demonstrate:

  • Active interest in investing in developing countries and understanding of emerging market environments, opportunities, and barriers to investing
  • Strong knowledge of financial markets and financing for sustainable development, with ability to apply it to strategic and/or practical situations.
  • Full familiarity with a range of debt and equity instruments.
  • Competency with financial modeling and analysis in Microsoft excel.
  • Ability to work in a multicultural environment, with a willingness to travel
  • Computer literacy, including proficient use of research and applied software.

Required Language(s)

French and English

 

DISCLAIMER 

Female candidacies are strongly encouraged. 

Important applicant information 
All posts in the SC categories are subject to local recruitment. 

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. 

Workforce diversity 
UNDP is committed to achieving diversity within its workforce, and encourages all qualified applicants, irrespective of gender, nationality, disabilities, sexual orientation, culture, religious and ethnic backgrounds to apply. All applications will be treated in the strictest confidence. We strongly encourage female candidacies. 

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This vacancy is now closed.
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