Financial Management Analyst
Description
Background
The United Nations Capital Development Fund (UNCDF) is the UN’s capital investment agency for the world’s least developed countries. It creates new opportunities for poor people and their communities by increasing access to development finance and investment capital. UNCDF focuses on Africa and the poorest countries of Asia, with a special commitment to countries emerging from conflict or crisis. It provides seed capital, loans and targeted technical support to help development finance institutions reach more poor households and small businesses, and local governments finance the capital investments – water systems, feeder roads, schools, irrigation schemes – that will improve poor peoples’ lives.
Women’s Economic Empowerment and Local Development
Inclusive and Equitable Local Development (IELD) is a global programme of UNCDF, UN Women and UNDP, with the aim of supporting local investments that take into consideration the differentiated and specific needs and priorities of poor women and men, with a particular emphasis on unlocking barriers to women’s economic opportunities and empowerment. UNCDF investment finance can be utilized to promote public and private investments targeted towards the empowerment of women and addressing the various barriers women face at the local level.
In Tanzania, UNCDF is implementing the IELD programme through its Local Investment Finance Facility (LIFE) which is designed to unlock the flow of domestic capital to invest in local development. The LIFE Global secretariat, based in Tanzania, provides technical expertise in project development and financing through a variety of UNCDF pipelines such as women’s economic empowerment, Food Security, Local development and Clean Energy/Climate Resilience etc.
The Investment Officer will report directly to the Global Manager (LIFE) based in Dar es Salaam. In addition, this position will have a secondary reporting line to the IELD Project Manager based in New York for activities related to gender and women’s economic empowerment. Extensive travel within Tanzania and in the region is required.
Duties and Responsibilities
Organization and facilitation of key programme activities related to commercially viable investments, project development, transaction structuring and financing
Support the process of identification of gender sensitive and commercially viable investment, investment appraisal, transaction structuring, development of financial models and debt or equity investment package for financing through PPP, project finance and or SME finance.
Interact with local stakeholders (such as central and local government officials, private sector banks, equity investors, project sponsors, development partners, etc.). during investment identification, project development life cycle and during external financing stages Project sponsors can include local governments and other local institutions;
Provide targeted technical investment support services to project sponsors identified, with special emphasis to the needs of women entrepreneurs and gender sensitive enterprises. This includes review of feasibility studies, collection of relevant data to enhance business plans and confirm project bankability, technical due diligence market assessment, financial advisory services and project finance transaction structuring.
Support the establishment of co-financing relationships with debt providers and equity investors, nurture relationships and manage activities needed to secure co-financing of LIFE supported investments with careful emphasis on unlocking finance to women led enterprises or gender sensitive businesses;
Develop gender responsive investment projects using single purpose investment vehicles (SPV)‘s;
Facilitate the required technical studies under guidance of the Global LIFE Secretariat by engaging the project sponsors, consultants, local authorities and communities as appropriate, including the development of TORs that reflect project finance requirements and support of the procurement processes;
Identify alternative financing sources including credit enhancements, guarantees, debt, and equity, including preparation and participation in negotiations with financiers review of term sheets, coordination with project sponsors and support of lender and investor due diligence;
Prepare and facilitate technical missions for investment projects validation and pipeline development;
Liaise closely with teams from UNCDF local development finance projects responsible for measurement of transformative impact of investment projects, including in climate change, food security, women’s economic empowerment and local economic development. Exchange data and information to ensure that selected projects meet the criteria for transformational
Any other duties that may be assigned by the LIFE Global Manager, Chief Technical Advisor and or Senior Investment Officer.
Investment process execution and portfolio management
Development and maintenance of the project management tool for each investment project and portfolio assigned
Provide weekly reports in the format agreed upon and other adhoc and periodic reporting
Ensure the delivery of the key results is on time and according to budget as assigned by the management.
Timely planning, budgeting and reporting in accordance with the guidelines of the Implementing Partner, UNCDF and Global LFI Secretariat.
Establish and maintain an effective and efficient project monitoring system providing regular feedback on the project performance and to update regularly risk and issue logs.
Document and monitor local development impact of the investment in addition to financial viability criteria.
Capacity development of key stakeholders of the programme in the areas of commercially viable investments.
Provide support for the LFI capacity development and training programme, ensuring programme knowledge generation and dissemination, including support to the development of LFI tools and toolkits, case studies, briefs, research documents, and client impact evaluations.
Support and ensure timely delivery of LIFE training programs.
Support and ensure the implementation of the LIFE stakeholder mobilization and communication plan and organize and coordinate outreach activities with a variety of stakeholders.
Provide specialist input in the development and application of the investment management processes and tools to facilitate knowledge transfer, training, and development of capacities of local stakeholders in the public and private sectors.
Support to the IELD technical team in categorizing gender sensitive pipeline of commercially viable and investable projects.
Support the IELD technical team in delivering targeted capacity building actvities to women led businesses and gender sensitive entrprises, taking in to considertion the specific bottlenecks facing women from accessing finance, business develpment, regulations to name a few.
Competencies
Functional Competencies:
Job Knowledge/Technical Expertise;
Client Orientation;
Building Partnerships;
Innovation and Marketing New Approaches;
Core Competencies:
Demonstrate corporate knowledge and sound judgment;
Self-development, initiative-taking;
Acting as a team player and facilitating team work;
Facilitating and encouraging open communication in the team, communicating effectively;
Creating synergies through self-control;
Managing conflict;
Learning and sharing knowledge and encourage the learning of others;
Informed and transparent decision making.
Required Skills and Experience
Education:
Degree in Finance, Economics, Investments, Accounting, or related field is required;
Additional certifications e.g. CFA, CPA, Financial Analysis and Portfolio Management or related areas are preferable;
Expereince:
A Master’s Degree in Business Administration or related certifications fields is also preferable;
A minimum of 6 years of relevant experience;
Expert knowledge of private sector finance for commercially viable investments. Development finance knowledge is a plus;
Experience in appraisal, management and supervision of private sector development projects with a focus on women economic empowerment, local economic development, agribusiness and enterprise development; access to finance; trade facilitation, and investment climate;
In-depth knowledge of private sector development issues as well as actions aimed at creating an enabling investment climate and business environment for private sector competitiveness and growth;
Demonstrated experience in developing and financing commercially viable investments.
Language
Fluency in English, swahili is an added advantage.
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