- Country: Kigali, Rwanda
- No of vacancies: N/A
- Salary: N/A
- Organization: UNDP
- Gender: Both
- Deadline: 2024-02-01
Under the supervision of the UNCDF LDCIP Investment Specialist based in Kigali and in close collaboration with other colleagues in the LDCIP team, the Project Investment Coordinator will contribute to the deployment of capital from UNCDF’s suite of financing solutions in Rwanda, and in particular from the WFP Rwanda BRIDGE facility.
The Project Investment Coordinator will be responsible for leading and executing the following tasks and deliverables:
1.Screening/Pre-assessment of potential investees
Conduct initial interviews of prospects for investments originated and sourced from WFP Rwanda by gathering introductory information to determine whether the prospects meet the investment criteria for WFP Rwanda BRIDGE. The objective of such screening/pre-assessment work is to perform an initial appraisal of the prospect and select prospects for further due diligence by completion of a set of tools and deliverables.
2. Conduct due diligence of potential investees and presentation to credit committee for approval
Upon completion of screening/pre-assessment and initial selection of potential investees, he/she will carry out a full evaluation of the prospect (i.e., underwriting) and define prospective terms and conditions for the provision of investment finance. This will also include a completion of a set of tools and deliverables; and also a referral (or not) of the prospect to UNCDF Impact Investment Credit (IIC) committee for approval.
3. Capital deployment, loan & guarantee monitoring, termination and evaluation
The Project Investment Coordinator will be responsible for building a portfolio of investable financial service providers and/or agri-businesses/SMEs/MSMEs under the project facility (i.e., WFP Rwanda BRIDGE) via deployment of concessional loans and/or guarantees to selected and approved investees by IIC. Furthermore, the Project Investment Coordinator will be expected to work closely with UNCDF LDCIP Portfolio Management (PM) team in HQ to provide regular updates and reports on the financial & impact performance of individual investees and the overall portfolio of the WFP Rwanda BRIDGE facility. During the tenor of the investment, the Project Investment Coordinator will conduct regular monitoring visits to the investees in order to collect information and data while ensuring that the investee complies with its financial obligation towards UNCDF. At maturity of the provided facilities, the Project Investment Coordinator will work with the PM team in HQ to communicate with the borrower or guaranteed party to inform and close-out/terminate the loan or guarantee.
4. Matchmaking with additional private sector capital
In view of increasing leverage ratio by using the seed funding provided by MCF to attract additional private sector capital, the Project Investment Coordinator during the investment process will be responsible for identifying opportunities to either co-finance or match-make investees with interested risk-tolerant investors as a mean to attract additional private sector capital to WFP Rwanda BRIDGE.
5. Provision and needs assessments of Investment Technical Assistance (TA)
The Project Investment Coordinator works with selected investees to support them with basic business advisory services meant to improve the investment readiness and bankability of the companies. This could include helping investees in building business plans, financial projections, pitch decks for future investors, etc. Furthermore, the Project Investment Coordinator will work closely with UNCDF LDCIP TA Facility Manager to identify prospects who received financing from WFP Rwanda BRIDGE and may need or benefit from further pre-investment TA (“investment readiness”) or post-investment TA (“core business advisory support”) inclusive of any need for impact and ESG management support.
The TOR gives a general outline of the main tasks and responsibilities and is not exhaustive.
Institutional Arrangement
The incumbent will report to the UNCDF LDCIP Investment Specialist based in Kigali, Rwanda and as needed to other LDCIP colleagues in the regional office/HQ based, country and across the region. This position is office-based in Kigali, Rwanda.
- 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
SDG Integration: SDG Monitoring and Reporting, responsive investment, and impact measurement.
Finance: Development Finance
- Ability to develop and work with innovative financing mechanisms and instruments, e.g. social/development impact bonds, guarantees, climate finance, etc.
Project & Programme Management
- Time-bound goal with internal & external collaborators Ability to plan, organize, prioritize and control resources, procedures and protocols to achieve specific goals
Partnership Management: Relationship Management
- Ability to engage with a wide range of public and private partners, build, sustain and/or strengthen working relations, trust, and mutual understanding.
Ethics: Ethics Advice & Guidance
- Ability to quickly analyze complex fact patterns and provide comprehensive, sensitive, and confidential ethics advice and guidance
Business Management: Monitoring
- Ability to provide managers and key stakeholders with regular feedback on the consistency or discrepancy between planned and actual activities and programme performance and results.
- Advanced university degree (Master’s degree or equivalent ) in Economics, Finance, Accounting, and/or Business Administration.
- A first level university degree (Bachelor’s) in a relevant field with an additional two (2) years of qualifying experience will be given due consideration, in lieu of a master’s degree.
- A diploma/certificate as an Association of Chartered Certified Accountants (ACCA), Certified Public Accountants (CPA), Chartered Financial Analyst (CFA) and/or Project Management Professional (PMP) is strongly desired.
- A minimum of five (5) years (with Master’s degree) or 7 years (with Bachelor’s degree) of relevant work experience in either Banking/Financial services sector or the private sector or a mix, preferably with investment and/or business management expertise;
- Computer and IT skills in Microsoft applications (e.g. MS Project Management tool);
- Experience in project preparation and/or in development of investment opportunities, especially for investment projects with social objective in developing countries;
- Experience in fund management, preferably a fund with both financial and impact targets;
- Experience working in venture capital and/or commercial/retail 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;
- Significant experience in medium-sized project management particularly in frontier/emerging markets;
- At least 3-years of relevant project management experience is desired;
- SME finance, preferably in the agribusiness and financial inclusion (including ag-tech);
- Managing Guarantee instruments and their application to different types of financial structures and to different financial institutions;
- Investment in financial institutions, preferably in frontier/emerging markets;
- Exceptional interpersonal, relationship management and negotiation skills.
Language Requirement:
- A strong command of English and Kinyarwanda (local language) is required.
- Knowledge of other UN official languages such as French will be considered a strong asset.
APPLY NOW
If you are looking for more UN jobs in Rwanda, please click here: UN jobs in Rwanda