UNDP Project Investment Coordinator Jobs in Rwanda
Background
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Taking a ‘leave no one behind’ approach to our diversity efforts means increasing representation of underserved populations. People who identify as belonging to marginalized or excluded populations are strongly encouraged to apply. Learn more about working at UNDP including our values and inspiring stories.
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.
The UN Capital Development Fund (UNCDF) 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 “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
One of such Project Facilities (or sub-windows) is the inaugural WFP Rwanda BRIDGE with primary focus on (1) investments in agriculture value chains (including the introduction of pre-harvest technologies, reducing post-harvest losses, and increasing access of small-holder farmers to reliable and remunerative market opportunities for a range of different crops to strengthen the performance of those actors and improve the overall efficiency of the targeted value chains), (2) access to finance (introducing innovative finance solutions to the benefit of key value chain actors and smallholder farmers), and (3) market development.
Based in Kigali, Rwanda the selected Project Investment Coordinator will lead the investment process for WFP Rwanda BRIDGE which includes but is not limited to screening/pre-assessment, due-diligence (including credit appraisal), approval from credit committee, implementation, loan monitoring and termination of investees.
Duties and Responsibilities
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:
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.
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.
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.
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.
Provision and needs assessments of Investment Technical Assistance
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.
Required Skills and Experience
Education:
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.
Experience:
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.
Professional Certification:
Project Management Professional (PMP), Association of Chartered Certified Accountants (ACCA), and/or Certified Public Accountants (CPA), Chartered Financial Analyst (CFA).
How to Apply
For more information and job application details, see; UNDP Project Investment Coordinator Jobs in Rwanda
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