Investment Portfolio Management Specialist - UNCDF [Open to Tier 1 applicants]

UNDP•New York, NY

18h

About The Position

General Assembly Resolution 2186 (XXI) decided to “bring into operations the United Nations Capital Development Fund as an organ of the General Assembly which shall function as an autonomous organization of the United Nations. The UN Capital Development Fund (UNCDF) assists developing countries, especially least developing countries, in the development of their economies by supplementing existing sources of capital assistance by means of grants, loans, and guarantees. UNCDFs vision is to help mobilize and catalyze an increase of capital flows for SDG impactful investments to Member States to address the most pressing development challenges facing vulnerable communities in these countries and thereby contribute to sustainable economic growth and equitable prosperity. As a Flagship Catalytic Blended Financing platform of the UN, UNCDF utilizes its unique capability in the UN system to deploy grants, loans and guarantees to crowd-in finance for the scaling of development impact. UNCDF focuses on where the needs are greatest, a deliberate focus and capability rooted in UNCDF’s unique investment mandate to support the achievement of the 2030 Agenda for Sustainable Development and the realization of the Doha Programme of Action for the least developed countries, 2022–2031. As per its Strategic Framework, UNCDF works to deploy its functions as a hybrid development organization and development finance institution. UNCDF responds to Member States requests for assistance by providing targeted technical and financial advisory services on investments for development outcomes, designing bespoke financial structuring solutions, undertaking financial derisking of investments, and enhancing investment readiness of SDG aligned projects in partnership with private sector, United Nations Organizations, International and Local Finance Institutions, Development Finance Institutions as well as Foundations and Philanthropy, among others. UNCDF works to develop local financial systems, new markets and mobilize and crowd in capital from public and private sources. UNCDF is driven by a partnership mindset which enables it to deploy its different capital capabilities in highly tailored and responsive ways in order to mobilize investments flows from other sources, in particular from the private sector. By structuring transactions which are highly impactful, but also recognize the need for multiplying the impact of its own capital, UNCDF seeks to position itself as a preferred partner for different stakeholders. UNCDF’s work is focused on three priority areas, including: • SME Finance • Sub-National Finance • Digital Finance UNCDF’s organizational set up includes an Investment and Implementation Division (IID), Investment and Finance Oversight Division (IFOD), Operations and Oversight Division (OOD) and a Directorate of the Executive Office. UNCDF staff and personnel are located in regional hubs based in Dakar (Senegal), Nairobi (Kenya) and Bangkok (Thailand) with sub-regional presence in a number of locations in the Caribbean and Pacific Regions. UNCDF is led by an Executive Secretary based out of New York, USA. Pursuant to General Assembly resolution 2321(XXII, para 1.a), the Administrator of the UNDP performs the function of the Managing Director of UNCDF. UNCDF is overseen by an Executive Board comprised of UN Member States.

Requirements

An advanced university degree (master’s degree or equivalent) in Economics, Finance, Business Administration, or other closely related field is required.
A first-level university degree (bachelor’s degree) in the areas mentioned above, in combination with an additional two years of qualifying experience will be given due consideration in lieu of the advanced university degree.
Minimum of 5 years (with Master’s degree) or 7 years (with a bachelor's degree) of progressively responsible finance or programme finance experience is required at the national or international level.
At least 3 years of relevant experience in a financial institution, development cooperation agency, or development financial institution is required.
Experience issuing and/or managing various financial instruments; grants, loans, guarantees, and/or equity is required.
Experience in preparing investment portfolio valuations (aligned with IPSAS 41 or similar accounting standards) is required.
Experience in financial database system management and information migration is required.
Experience in loans and guarantee restructurings and amendments are required.
Fluency in English is required.

Nice To Haves

Experience in credit and/or equity for investments with a social mission in emerging/frontier markets, is highly preferable.
Experience with IPSAS accounting standards is highly preferable, particularly related to financial instruments.
Demonstrated experience in managing finance, accounting, budgeting, internal controls and reporting is desired, particularly related to financial instruments.
Experience in financial database system development is an advantage.
Knowledge of another UN language is considered desirable.

Responsibilities

Ensures implementation of Investment Portfolio Management focusing on achievement of the following results:
Implements and maintains the Investment System in Quantum+ focusing on achievement of the following results:
Conducts investments related activity (including impact and results monitoring) focusing on achievement of the following results:
Ensures compliance of loans and guarantees operations with policy and regulatory requirements:
The incumbent performs other duties within their functional profile as deemed necessary for the efficient functioning of the Office and the Organization.

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